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

Poland: Lending Activity to Increase Significantly

Lending activity in the Polish finance sector is expected to increase significantly this year.

March 3, 2014

„The World is Close to an Enormous Conflict“

Poland´s Prime Minister Donald Tusk is highly concerned about the developments in Ukraine. Tusk warned insistently of an escalation of the conflict, which might entail “unforeseeable consequences”.

March 2, 2014

Polish Currency Suffers from Instability in Ukraine

The Polish Zloty has become weaker because of the political instability in Ukraine.

February 28, 2014

Poland: PKO BP Takes over Nordea’s Insurance Division

Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.

February 27, 2014

VIG Third Biggest Insurance Company in Poland

Vienna Insurance Group records strong performance in Poland.

February 27, 2014

Poland: Fastest Growing Economy in EU

According to the EU Commission, Poland will see the fastest growth in 2014 among the largest former communist countries of the European Union.

February 26, 2014

VIG Generates Profits in Poland

Vienna Insurance Group Polska (VIG) generated a gross profit of PLN 229m last year.

February 25, 2014

Warsaw Stock Exchange Registers Profits

The operator of Warsaw Stock Exchange (WSE) GPW saw an increase in profits in the business year 2013.

February 24, 2014

CEE Financial Markets under Pressure as Riots Continue in Ukraine

CEE markets under pressure as Ukraine violence heats up. Biggest direct risk to Polish Zloty, but also to Hungarian Forint and Romanian Leu.

February 21, 2014

“Polish Economy at Crossroads“

In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.

February 21, 2014

Polish Insurer PZU Closes Offices in Ukraine

Because of the ongoing riots in the Ukrainian capital Kiev, state-controlled insurance company PZU decided to shut down two offices.

February 20, 2014

Polish PKO BP Tapping into Swedish Leasing Market

Major Polish lender PKO BP has opened a branch of its leasing unit in Sweden.

February 20, 2014

Austria Most Popular Country among Hungarians

93 percent of Hungarians feel compassion towards Austria.

February 19, 2014

Poland Ranks High in FDI Attractivity

Polish cities are still very attractive for FDI, according to fDI Intelligence.

February 19, 2014

Erste: CEE Financial Market Not Concerned by Low Inflation

Low inflation will not change CEE market forecasts, according to Erste Group.

February 18, 2014

Poland: PKO BK Still Wants to Take Over Nordea

PKO BP had to extend the subscription period for the second time.

February 18, 2014

Poland: Strong Prospects for High Growth

Prime Minister Donald Tusk is positive Poland will achive a GDP growth of more than three percent this year.

February 18, 2014

Romania: Fit for Eurozone?

According to estimates by the Romanian government, the country is fit for joining the single currency union.

February 17, 2014

Cooperation between Vienna and Warsaw Stock Exchanges to Kickstart 2014

As announced by Adam Maciejewski, CEO of GPW, the operator of the Warsaw Stock Exchange (WSE), the cooperation between WSE and VSE (Vienna Stock Exchange) could be completed this year.

February 17, 2014

Fitch Keeps Polish Sovereign Rating Unchanged

The U.S. rating agency has reassessed Poland´s sovereign debt rating.

February 15, 2014

Dramatic Capital Outflow in CESEE

The countries of Central, Eastern and Southeastern Europe suffer from the dependence on foreign investments. Despite the economic recovery, FDIs are falling persistently.

February 15, 2014

Austria: Changes Ahead of Buwog’s IPO

Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).

February 14, 2014

Poland: PKO BP Planning to Establish Mortgage Bank

The Polish bank intends to found a mortage bank around the beginning of the year 2015.

February 14, 2014

Immofinanz Kicking Off IPO of Buwog

Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.

February 13, 2014

Poland: Consumer Loans Expected to Rise Significantly

Last year consumer loans saw a 16 percent growth which leads to expecations that Poland will register a double-digit growth rate in 2014 as well.

February 12, 2014

Poland: Sharp Decline in Insurance Prices

Insurance policy prices dropped almost 30 percent last year.

February 11, 2014

CEE: Still Growth Market in Real Estate Sector

The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.

February 10, 2014

Poland: Economic Growth to Speed Up

According to the Economy Ministry’s forecast, economic growth is supposed to come at 3 percent of GDP year-on-year this year. Inflation, on the other, is expected to come at 2 percent.

February 10, 2014

Poland: Slight Drop in 2013 Banks’ Profits

Polish banks displayed a total net profit of PLN 15.43 billion in the financial year 2013, which is a slight decrease of 0.3 percent on an annual comparison basis.

February 10, 2014

Standard & Poor´s Underlines Poland´s Economic Robustness

The U.S. rating agency S&P keeps Poland´s sovereign debt rating unchanged. The outlook remains stable.

February 7, 2014

“Fragile Recovery in CEE Banking Sector”

According to the U.S. rating agency Fitch, the banking sector in Central and Eastern Europe is highly heterogeneous.

February 6, 2014

Poland: Public Debt Falls Significantly

Due to the nationalization of the pension funds OFE, Poland´s public debt quota goes down to 50% of GDP.

February 6, 2014

CESEE: Stuck in Transition or Just a Break?

Despite all difficulties in Central, Eastern and Southeastern Europe, the region remains essential for Austria. The long-term growth potential remains intact.

February 6, 2014 · Updated: February 6, 2014; 13:41

Poland: Interest Rate Remains Unchanged

The National Bank of Poland (NBP) has kept the reference rate stable at 2.50%. As the zloty has begun to weaken, the pressure on NBP is growing.

February 6, 2014 · Updated: February 6, 2014; 10:24

Romania: Remarkable Development Since 2000

The advisory firm pwc has compiled a study on the economic progress of advanced and emerging economies. Poland and Romania are one of the top performers.

February 5, 2014

Poland: Economic Growth to Accelerate Further

Today, the U.S. rating agency Fitch has revised its economic forecast.

February 5, 2014

Real Estate: Outskirts of Vienna Popular Among East Europeans

More and more well situated East Europeans discover the suburban regions surrounding the Austrian capital. Unlike in Vienna, property prices are going up steadily.

February 4, 2014

Poland: Sixteen Banks to be Examined by EBA

In total, sixteen Polish banks will participate in the stress tests carried out by the European Banking Authority.

February 4, 2014

EBRD: CESEE Not Under Pressure Yet

According to the European Bank for Reconstruction and Development, most countries in CESEE are relatively unaffected despite the renewed pressure on emerging markets.

February 4, 2014

CESEE: Corruption Is Still a Major Obstacle

The European Commission has published its first Anti-Corruption Report today. Above all, the economies in Southern and Southeastern Europe are suffering from corruption.

February 3, 2014

Upward Trend in Polish Property Market Continues

In Poland, the property market continues to grow significantly. There are no signs of a cool-down.

February 3, 2014

„We Must Watch CESEE Very Carefully“

In an interview with the Austrian daily „Standard“, board member of Österreichische Kontrollbank AG Angelika Sommer-Hemetsberger said that the economic crisis in CESEE is not over yet.

February 3, 2014

Tusk: No Monetary Interventions Necessary

In the past few months, the Polish zloty fell significantly. However, Poland´s Prime Minister Donald Tusk thinks that the zloty does not need support.

February 3, 2014

Poland: Economic Growth in 2013 above Expectations

GDP growth in Poland came at 1.6 percent year-on-year in 2013 which is 0.1 percent above expectations.

January 31, 2014

Poland: PKO BP Plans Keeping High Level of Loans

Poland’s biggest bank PKO BP plans selling consumer loans in the amount of PLN 2bn in every quarter from now on.

January 30, 2014

Poland: NBP Sees No Reason for Weakening Zloty

According to Eugeniusz Gatnar, board manager of the National Bank of Poland (NBP), there was no fundamental reason for monetary intervention.

January 30, 2014

Euro-Introduction: Cutting Debts Precondition for Poland

Finance Minister Mateusz Szczurek stressed that cutting debts was a key condition for Poland before it could be admitted to the single currency union.

January 29, 2014

S&P to Establish CEE Center in Poland

Warsaw will be the new CEE focal point of Standard&Poor;’s (S&P) as the US rating agency announced establishing an office in Warsaw.

January 29, 2014

CESEE: Overtaking Western Europe Not Before 2055

According to the European Bank for Reconstruction and Development, the transition period of Central, Eastern and Southeastern Europe will take longer than initially expected.

January 29, 2014

Poland: New Indices at WSE

GPW, the operator of the Warsaw Stock Exchange (WSE) will introduce two new indices.

January 28, 2014