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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
EU Calls for Opening of Labor Markets to Romanians and Bulgarians
The European Parliament wants a solution by the end of 2011 and does not see any negative effects on social welfare systems.
October 27, 2011
Germans Are Savings Champions Followed by Austrians
Erste Group Savings Study: Germans save most (€ 180 per month), followed by Austrians (€ 168) and Britons (€ 160). In CEE, the Czechs and Slovaks (€ 90) are the tireless savers.
October 27, 2011
Alpine and Strabag Fighting for the Concession for Zagreb’s Airport
European airlines are facing difficult times, but the demand for flights is still high. The future belongs to South European countries. Therefore, international airlines and airport operators are seeking their chance there.
October 25, 2011
Hungarian MOL and Austrian RAG Cooperate for Exploration and Production in Hungary
Hungarian MOL (Magyar Olaj- és Gázipari Nyrt.) and Austrian RAG (Rohöl-Aufsuchungs Aktiengesellschaft) have signed agreements to perform activities in the exploration and development of the Inke license south of lake Balaton in Hungary, released MOL.
October 24, 2011
Rabmer Building Opens a New Subsidiary in Poland
Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.
October 24, 2011
Construction Companies Fight for Romanian Order
Three Austrian construction companies – Strabag, Porr and Alpine – compete for a major order from the Romania railways. The order volume is € 258m.
October 24, 2011
Raiffeisen as Success Guarantee for the Polish State Railways Bond
Polskie Koleje Panstwowe Spólka Akcyjna (“PKP”), the Polish State Railways, rated BBB by Fitch, successfully issued its debut international transaction in the form of a Eurobond amounting to EUR 180 million, reported the Raiffeisen Bank International.
October 21, 2011
Slovak Bank Tax Is Going to Hurt Austrian Banks
On Thursday the Slovak parliament has officially approved a bank levy. The tax is one of the measures taken by the government to strengthen the Slovak budget.
October 21, 2011
Austrian Post Buys Stake in Romanian PostMaster
The deal includes an option for Austrian Post to become sole shareholder of the leading alternative postal service provider in Romania.
October 20, 2011
VIG Acquires Jahorina Insurance in Bosnia and Herzegovina
The Vienna Insurance Group AG Wiener Versicherung Gruppe is the new majority shareholder in the Jahorina Osiguranje AD Pale (Jahorina) insurance company in the Republic of Bosnia and Herzegovina.
October 20, 2011
Corruption Suspicions Against Penta
The Czech-Slovak investment company, which also bid for the Austrian A-Tec, is accused to have paid bribes to the Czech Minister of Finance.
October 19, 2011
Austria with the Best Situation on the Real Estate Market in the Region
Austria, the Czech Republic and Poland are the three countries from Central Europe, where the condition of the property market according to the banks’ opinion is the best – states the KPMG’s research - CEE Property Lending Barometer 2011.
October 19, 2011
Vienna Again Among Top 5 in Innovation Cities Global Ranking
Boston came first again in a field of 331 cities in the Innovation Cities Global Index. This year’s among top five cities apart from Boston were San Francisco, Paris, New York and Vienna. Prague was 43th, Budapest 47th.
October 19, 2011
Warsaw is Going to Have a Second Airport
According to plans, Modlin airport authorities expect regular international and domestic airlines connections to start in autumn next year.
October 18, 2011
Growth of CEE Region Under Threat from Eurozone Crisis
The EBRD research is predicting a slow-down in emerging Europe’s economic growth next year with the continuing eurozone sovereign debt crisis posing challenges to recovery from the 2008-09 global financial crisis.
October 18, 2011
Spectacular Surge in Profits of CEE Technology Companies
The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.
October 18, 2011
Raiffeisen's Comment on Current Developments of CEE Eurobonds
Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.
October 18, 2011
Warsaw Stock Exchange, the Financial Hub of CEE
The 4th Warsaw-CEE Financial Hub conference will be held on 30th November 2011 in the Listing Room of the Warsaw Stock Exchange under the honorary patronat of the Polish President Bronislaw Komorowski.
October 18, 2011
Hypo Group: „Need Time, not Cash“
Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.
October 18, 2011
Do & Co Expands in Ukraine
The Turkish-Austrian catering company provides its services also in Ukraine. Here, CEO Attila Dogudan expects further growth opportunities.
October 18, 2011
Austrian-Czech Technology Cooperation Opportunities
The Embassy of the Czech Republic in Vienna, in cooperation with the Lower Austria Chamber of Commerce hosts on 18 October 2011 a technology seminar.
October 17, 2011
The Intended VIG Acquisition of Polish Warta Faces a Tough Competition
According to the Polish daily Rzeczpospolita, analysts estimate the value of the Polish insurer Warta at € 230-340m.
October 17, 2011
CEE Less Vulnerable to Severe Economic Crisis
The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.
October 17, 2011
Erste Bank Hungary Opens Home Savings Bank
According to Imre Szatno. the deputy head of retail division of Erste Bank in Hungary, quoted by Budapest Business Journal, the Erste Group has launched its own home saving bank.
October 17, 2011
Sale at Rail Cargo Austria?
The freight traffic division of the Austrian Federal Railways (ÖBB) still suffers from its Hungarian subsidiary RCH. A sale to Hungary seems to be possible.
October 15, 2011
Financial Syndicate for Nabucco Arising
The Austrian OeKB intends to conduct a financial consortium for the gas pipeline project Nabucco.
October 15, 2011
Erste Group Increases Stake in BCR
The Austrian Erste Group further expands in the difficult Romanian market. Erste Group will hold 94% in BCR then.
October 15, 2011
Still Danger of Overheating in SEE Property Markets
According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.
October 15, 2011
Erste Group Signs Facility Agreement with Ukrainian Energy Holding
The Austrian bank extends an existing credit facility for DTEK from € 50 to € 100m with a maturity of three years.
October 14, 2011
VBAG Expects Massive Loss
The Austrian bank has to write off € 700m on the book value of its participations in Investkredit and Volksbank Romania. The state’s participation capital will not be repaid this year.
October 14, 2011
Slovakia Approved EFSF
After unsuccessful voting on Tuesday, Slovak lawmakers supported today the enlargement of the European Financial Stability Fund.
October 13, 2011
Polish Foreign Trade Will Increase by 125% by 2025
The world trade will increase only by 73%, states the report of HSBC Trade Connections. The document presents forecasts for the international trade in the perspective of several years.
October 13, 2011
Warsaw Ahead of Vienna and Prague in the Ranking of the Most Attractive European Business Cities
Warsaw moved up three places in the ranking of the most attractive European cities to locate a business, prepared by Cushman & Wakefield.
October 13, 2011
Vienna Insurance Group Has Its Own Funds to Buy the Polish Insurer Warta
Guenter Geyer, the head of the Austrian insurance company quoted by the Polish daily Gazeta Prawna confirmed the interest in an auction of the Warta Insurance and Reinsurance Company.
October 13, 2011
Greiner Packaging Expands its Network in Romania
The Austrian packaging producer took over the major share of S.C. Amplast Co S.A. from a group of private owners.
October 13, 2011
Immofinanz Opens Shopping Center Extension in Poland
The Austrian real estate company invested € 50m in the project, making it one of the top five shopping centers in Poland.
October 12, 2011
Bank Austria Rethinks Expansion in Hungary
The subsidiary of Italian UniCredit reviews its activities in the country. A withdrawal is not ruled out.
October 12, 2011
Slovakia Against the Enlargement of the Euro Zone Bailout Fund
After six hours of heated debate Slovak lawmakers failed to approved the European Financial Stability Fund (EFSF).
October 12, 2011
Czech Consumer Price Index Increased by 1,8% Compared to September 2010
According to research released by the Czech Statistical Office, consumer prices decreased in September by 0.2 %, month-on-month.
October 12, 2011
Increase of Car Production in Czech Republic and Slovakia
Last week, the Czech Statistics Office announced that industrial production since the beginning of the year increased by 3.5 percent mainly due to the automotive industry.
October 12, 2011
Hungarian Consumer Price Index Increased by 3,6% Compared to September 2010
In September 2011 consumer prices increased by 3.6% compared to September 2010, it was the same rate as in the previous month, registered the Hungarian Central Statistic Office.
October 12, 2011
Drop in Car Production in Poland
In September 2011, the production of passenger cars and commercial vehicles in Poland amounted to 70,521 units, an increase by 63,24% (27,319 units) compared to August 2011 reported the Samar Institute.
October 12, 2011
OMV Promotes Nabucco Project Abroad
The Austrian oil corporation OMV pushes the gas pipeline project Nabucco in Turkey, Azerbaijan and Turkmenistan.
October 11, 2011
Skoda’s Domination in Poland
According to research conducted by Samar, Skoda has been the unquestionable leader of the Polish car market during last 30 months.
October 11, 2011
Gloom Over Clothing Industry in Poland
In the first half of this year over 13 thousand of clothing shops disappeared from the Polish market.
October 11, 2011
Santander Close to Become a Leading Player in Poland
According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.
October 11, 2011
Vienna Airport to Cooperate Closer With Bratislava
The Vienna International Airport (VIA) is looking for potential synergetic effects in Bratislava, which should bring further passenger growth.
October 10, 2011
Surprising Write-Offs at Erste Group
Due to write-offs in Hungary and Romania, Austrian Erste Group reports a net loss of about € 920 - 970m in the first three quarters of 2011.
October 10, 2011
RBI: Capital Injection for Hungarian Subsidiary Likely
The Austrian bank’s losses from the conversion of foreign currency loans will amount to approximately € 100m.
October 7, 2011
OMV’s Petrom Opens Wind Park in Romania
The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.
October 7, 2011
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