Austria and Hungary - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
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Hungary in Austria | Hungarians in Vienna | Bilateral Relations

IMF Warns of Financial Instability in CESEE

Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.

October 18, 2013

„Czech Republic Does Not Fully Use Its Potential“

Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.

October 17, 2013

Austria: RBI Expects Stabilization

Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.

October 17, 2013

Hungary’s Industrial Output Growth Exceeds EU average

In August this year, industrial performance – according to workday-adjusted data – increased by 0.9 percent in comparison to the corresponding period of 2012.

October 17, 2013

Poland: 70 Percent against Introduction of Euro

According to a recent survey carried out by Public Opinion Research Center (CBOS) as many as 70 percent reject the idea of introducing the Euro to Poland.

October 15, 2013

Solution to Croatian/Hungarian Mol Issue Expected Soon

The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.

October 15, 2013

Austria: Purchasing Power Grows Slightly

According to a study published by RegioData Research, Austria could improve its level of purchasing power in the years from 2008 to 2012.

October 15, 2013

IMF: Hungary´s Fiscal Situation Deteriorates

According to the IMF, Hungary´s public debt quota will increase. This stands in opposition to the optimistic forecasts of the government.

October 15, 2013

Moody’s: Poland Threatened by Outflow of Foreign Funds

Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.

October 14, 2013

FX Loans: ECB Warns Hungary

ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.

October 14, 2013

Hungary: Borrowing Costs Decline

Yields on Hungarian sovereign bonds reached an all-time low. However, a rebound in 2014 is rather probable.

October 12, 2013

Southeastern Europe: Property Market Clashes

Since mid-2012, the property market in Southeastern Europe shrinks drastically. In Croatia, house prices fell by 20%.

October 10, 2013

Hungary and Croatia to Solve MOL/INA Issue

Both Hungarian Minister of Foreign Affairs Janos Martonyi and his Croatian counterpart Vesna Pusic intend to solve the issue between Hungarian MOL and Croatian INA.

October 9, 2013

FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

October 8, 2013

Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published

FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.

October 8, 2013

Strabag Lands Highway Construction Deal in Hungary

Austrian construction company Strabag has landed a deal for building a highway section in return for € 106m.

October 8, 2013

Romania: Bucharest Stock Exchange to Be Enlarged?

Ludwik Sobolewski, new CEO of Romania’s Bucharest Stock Exchange (BSE), is toying with the idea of enlarging the institution and making it a competition to Budapest, Vienna and Prague withing two years only.

October 7, 2013

Hungary Rejects Extradiction of Head of Mol

A Hungarian court rejected the extradiction of Zsolt Hernadi, who is alleged of having bribed former Croatian Prime Minister Ivo Sanander.

October 7, 2013

Hungary´s Government: Budget Draft “Risky”

This week, Hungary´s government has submitted the budget draft to the Hungarian Parliament. The basic assumptions are rather optimistic.

October 5, 2013

UK: Growth Potential in CESEE

According to the IMF, the UK economy is not diversified sufficiently. Now, UK promotes exports to the CESEE region.

October 5, 2013

Hungary: Easing Cycle Nears Its End

After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.

October 4, 2013

CESEE: Recovery Slow, but Stable

Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.

October 4, 2013

Hungarian MOL May Withdraw from Croatia

The Hungarian government considers selling MOL´s Croatian peer INA.

October 4, 2013

World Bank Supports Financial Reporting in CESEE

The World Bank launched a new program to strengthen corporate financial reporting in the countries of the EU’s Eastern Partnership.

October 3, 2013

Hungary: Net Exports Grow Slightly

In the seventh month of 2013, the export volume of external trade in goods increased by 7.4%, while the volume of imports grew by 6.4% year-on-year.

October 3, 2013

Economic Upturn in Austria, Eurozone and CEE

Turbulent Emerging Market conditions have little impact on CEE.

October 2, 2013

Hungary: Budget Deficit Higher Than Planned

In the first half of 2013, Hungary´s preliminary deficit came at 2.6% of GDP. The government anticipates that the deficit will not exceed 3.0% of GDP this year.

October 1, 2013

Austrian Competitiveness Under Pressure

Last year, Austrian labor costs grew stronger than productivity.

October 1, 2013

CESEE: Consumer Loans Decline Considerably

Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.

September 29, 2013

Austria: Fitch Confirms Triple A

Austria´s main weak point is the banking sector, the rating agency criticizes.

September 28, 2013

Hungary: Official Unemployment Rate Below 10%

Hungary´s statistical office KSH has published the newest labor market data today. The real labor market conditions in Hungary are expected to be substantially worse.

September 27, 2013

Hungary is Seeking New Creditors

The Hungarian public debt agency AKK intends to sell more sovereign bonds in Asia. Compared to other European countries, Hungary´s debt burden causes severe difficulties.

September 27, 2013

Croatia: Entry into Schengen Important, Not Decisive

Croatia plans to apply for accession to the Schengen passport-free area in two years.

September 27, 2013

Hungary: Competitiveness of Industrial Sector Shrinks

Regarding Hungary´s competitiveness, there is a clear downward trend. This year, Hungary is expected to achieve an economic turnaround.

September 24, 2013

Poland Leads Ranking of Top Enterprises in CEE

Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.

September 24, 2013

RBI: Sevelda to Remain CEO unil 2017

Karl Sevelda, who was appointed new CEO of listed Raiffeisen Bank International (RBI) at the beginning of June, does not regard himself as interim head of the bank.

September 23, 2013

Czech Enterprises Will Not Cut R&D Expenses

According to a survey carried out by consulting company Deloitte, almost 90 percent of Czech enterprises will keep the amount of expenses in research and development unchanged or even increase the spendings.

September 23, 2013

Further Nationalizations in Hungary?

In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.

September 23, 2013

Austrian Government Highlights Close Relations to Hungary

“Border region between Austria and Hungary as a dynamic place.”

September 21, 2013

Banking in CESEE: Risk Provisions to Decline

Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.

September 20, 2013

Bank Austria to Close Subsidiaries in Hungary

Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.

September 19, 2013

Hungary: Orban Forecasts Growth of 2 Percent

Hungarian Prime Minister Viktor Orban forecasts economic growth of 2 percent next year as the country has managed to surpass several difficulties.

September 18, 2013

CESEE Banking: Funding Improves

Regarding the stability of the banking system in the CESEE region, there are still substantial differences between the countries.

September 18, 2013

Treichl: Requirements for Banks Increased Massively

According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).

September 17, 2013

RBI Revises Expected Provisioning Requirement

Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.

September 16, 2013

Hungarian National Bank to Use Foreign Currency Reserves

In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.

September 15, 2013

Boom in CESEE Will not Return

In the next years, the growth rates of the pre-crisis will not come back in the CESEE region. For the banking industry, the region is still a substantial risk factor.

September 14, 2013

Hungary: Monetary Easing Policy to be Continued

Hungary´s National Bank MNB has decided to extend the “lending for growth” program until 2014. In total, the program´s volume comes at € 7.0bn.

September 12, 2013

Former President of Budapest Stock Exchange New Head of Division at RBI

RBI appoints Attila Szalay-Berzeviczy Head of Group Securities Services Business.

September 11, 2013

Orban on Foreign Banks: „Colonization is Over“

Hungary´s Prime Minister Viktor Orban emphasizes that foreign banks have to pay for foreign exchange loans.

September 9, 2013