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Eastern European Countries and Austria | Bilateral Relations
Austria and Eastern European countries - Latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
Foreign Investors Dominate at WSE
Warsaw Stock Exchange: The share of foreign investors in trade on the alternative market has increased substantially. WSE’s Main Market has remained stable after the previous period with foreign investors still in the lead.
September 1, 2012
Poland´s Central Bank Dissatisfied with GDP Growth
In the second quarter, Poland grew by 2.4% instead of 3.0%. The Polish Central Bank does not want to postpone quantitative easing measures any longer.
September 1, 2012
Romania Still Shows Weak Growth Rates
“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.
August 31, 2012
Croatian Crisis Aggravates
For Croatia, the end of the severe recession is not foreseeable. Croatia´s real economy is hit hard, the financial sector suffers from bad loans.
August 31, 2012
Slovenia in a Vicious Circle
Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.
August 31, 2012
Serbian Government Tries Act of Liberation
Serbia´s economy weakens, the outlook is negative. Even a bankruptcy is not excluded anymore.
August 29, 2012
Hungary to Nationalize Energy Industry
Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.
August 29, 2012
Hungary: Debt Crisis in Private Sector Unsolved
Despite the conversion of foreign currency loans, the number of non-performing loans is growing rapidly. According to analysts, the outlook is bad.
August 29, 2012
Croatian Labor Market Crisis Deteriorates
Not only the unemployment rate is increasing. Croatia has the third-highest youth unemployment rate in Europe.
August 29, 2012
Croatia Said to Become Part of South Stream Pipeline
Good news for Croatia: Gazprom and Plinacro are said to have agreed on a natural gas pipeline across Croatia. The pipeline may enhance employment and reduce natural gas costs.
August 27, 2012
Goldman Sachs Lowers Expectations for Austrian Banks
The U.S. investment bank anticipates decreasing earnings.
August 27, 2012
Serbians Push Government for Reforms
The support for an EU membership has fallen below 50%. However, more Serbians call for economic and social reforms.
August 27, 2012
Strabag: CEO Haselsteiner Is Said to Consider Delisting
The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.
August 27, 2012
Austrian Guarantees Total € 80bn
In the worst case, Austria´s public debt quota may increase up to 100%, the Austrian opposition warns.
August 27, 2012
Serbia: Rise in Poverty Expected
The economic crisis in Serbia sharpens. Millions of households are not able to repay their debts.
August 25, 2012
Slim to Enter Polish Telecom Firms
The Mexican investor, who recently acquired a 25.9% in Telekom Austria, wants to expand in Poland.
August 25, 2012
Poland: Unemployment Shrinks
In July, Poland´s unemployment rate was down by 0.1 percentage points, the Polish Central Statistical Office reported.
August 25, 2012
Bulgaria: Bad Loans Declining
Contrary to the trend in Southeastern Europe, the Bulgarian banking sector records a substantial relief.
August 25, 2012
Majority of Poles Against Joining Eurozone
About 58% of the Polish citiczens are against the introduction of the euro, TNS Polska reports. Only 12% think that joining the Eurozone would be good for Poland´s economy.
August 24, 2012
Economic Crisis: Croatians are Pessimistic
According to the Croatian website politika plus, 84% of the Croatians believe that the current economic crisis will sharpen further.
August 24, 2012
Polish Retail Sales Growing Substantially
In July, Polish retail sales increased by 6.9% on the year. In 2012, retail sales are expected to increase by 6.5%.
August 24, 2012
Orban Underlines Success of Hungarian Crisis Management
Hungary´s Prime Minister Viktor Orban wants to lower the public debt quota further. Hungary´s recession would be due to the weak Eurozone, he says. Orban forgot to mention some details, however.
August 24, 2012
S&P Confirms Czech Rating
The U.S. rating agency retained the rating for the Rczech Republic.
August 24, 2012
Investment in Czech Republic Still Below Pre-Crisis Level
The global financial crisis, which originated in the USA in 2007 also hit the Czech Republic quite hard despite the fact that neither its internal nor external imbalances were excessive, the Czech Central bank stated.
August 24, 2012
NKBM Suspected of Money Laudnering
The second-largest Slovenian bank does not only face financial problems. NKBM´s management is alleged to have practiced money laundering activities.
August 23, 2012
Croatian Unemployment Rate Reaches 17.5%
In July 2012, the Croatian unemployment rate was up by 0.2 percentage points to 17.5%.
August 23, 2012
VIG Aims to Expand in Poland
Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.
August 23, 2012
Lithuania Suffers From Crisis in Eurozone
The Baltic country has to lower GDP growth forecasts. As foreign trade grows not as fast as expected, the Bank of Lithuania becomes more cautious. This year, Lithuania´s GDP is expected to grow by 3.0%.
August 22, 2012
Bulgaria Installs Debt Brake
The Bulgarian Ministry of Finance prepared a new Public Finances Act. The budget deficit must not exceed 2.0% of GDP.
August 22, 2012
Croatia: Non-Performing Loans on the Rise
Almost one out of seven loans is classified as “non-performing.” A further aggravation is rather likely.
August 22, 2012
VIG to Grow in Hungary
Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.
August 22, 2012
EBRD Grants Major Loan to Macedonia
Macedonia was granted € 46.4m by EBRD for construction of the railroad to Bulgaria.
August 22, 2012
New Property Tax in Croatia
Slavko Linic, Finance Minister of Croatia, confirmed that Croatia will introduce a property tax in 2013. There would be no need for an IMF loan, Linic argues.
August 21, 2012
Lay-Offs in Polish Banking Sector Ahead
According to the Polish newspaper Rzeczpospolita, about 2,500 employees may lose their jobs in the banking industry.
August 21, 2012
Uniqa Interested in NKBM´s Insurance Subsidiary
The Austrian insurance group aims to grow in Slovenia. The financially stricken bank sells a 51% stake of the insurance business.
August 21, 2012
Czech VAT to Increase
In order to increase public revenues, the Czech government may increase value added taxes.
August 21, 2012
Ukraine's Banking System Demonstrates a “Sustainable Development”
Deputy Head of the National Bank of Ukraine Igor Sorkin commented on the situation in the Ukraine’s banking system for the first half-year 2012. Lending is on the rise.
August 21, 2012
Slovakian Unemployment on the Rise
In July, Slovakia´s unemployment quota rose by 0.12 percentage points to 13.27%.
August 21, 2012
Slovakia Aims to Lower Budget Deficit Below 3.0% of GDP
The Slovakian government presented the draft state budget for 2013. The budget deficit should not exceed 2.9% of GDP, the Finance Ministry announced.
August 21, 2012
European Congress of Small and Medium – Sized Enterprises in Katowice
From 24th to 27th September 2012, the II European Congress of Small and Medium – Size Enterprises will take place in Katowice, Poland. 50 discussion panels are planned including over 250 speakers with 3500 participants.
August 21, 2012
Nokia Moves from Vienna to Budapest
The Finnish cell-phone company regroups and shifts its sub-headquarters for the CEE region from Austria to Hungary.
August 20, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
South Stream Pipeline May Run Across Croatia
Instead of Hungary, the pipeline project South Stream may pass through Croatia. Gazprom currently negotiates with the Croatian operator Plinacro.
August 20, 2012
Hungary´s Public Debt Decreasing
Due to the weak euro, Hungary´s public debt quota decreased by 1.3% percentage points within only one quarter.
August 20, 2012
Central and East Europe Summit in Vienna
Vienna Stock Exchange Group invites CEE companies and politicians in October 2012.
August 20, 2012
Great Demand for Polish Sovereign Bonds
Last week, the interest rate on Polish sovereign bonds fell to a all-time low of four percent. However, a trend reversal is not unlikely.
August 18, 2012
Does the Euro Collapse Now? (Part 2)
The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.
August 18, 2012
Poland Does Not Expect Recession in 2013
The Polish Minister of Finance Jacek Rostowski explained that the Polish economy will grow by 2.5% this year.
August 18, 2012
OMV Starts Gas Drillings in Ukraine
Together with the U.S. oils group ExxonMobil, the Dutch-British Shell Group, and the Ukrainian Nadra Ukrayny, OMV´s subsidiary Petrom starts natural gas drillings in the Ukrainian Black Sea region.
August 17, 2012
Poland´s Deficit Target in Danger
The Polish government may fail the 3.0% deficit target in 2012. Above all, the economic slowdown is a risk factor.
August 17, 2012
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