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Poland in Austria | Poles in Vienna | Bilateral Relations
Austria and Poland - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Poland: Banking Industry’s Profits Down
In the first quarter this year, the net profit of Polish banks came at PLN 3.97bn (€ 944m, down by 2.9 percent year-on-year, as reported by the Polish financial market regulator KNF.
May 9, 2014
Michelin to Downsize in Hungary
French tyre producer Michelin announced to shut down ist tyre plant in Budapest and relocate to Romania.
May 9, 2014
Calls for European Energy Union Become Louder
Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.
May 9, 2014
Poland: Bank BZ WBK Expects High Growth of Profit
The Polish affiliate of Spanish Banco Santander, Bank BZ WBK, expects net profits in 2014 to increase compared to last year’s volume.
April 30, 2014
EU Enlargement: A Success Story for Central Europe
Austria is one of the main beneficiaries of the EU enlargement of 2004.
April 30, 2014
Polish Banking Sector: “Too Early for Recovery”
The Polish banking sector has to be patient for economic recovery to show on their results.
April 29, 2014
Real Estate: Buwog Shares Taking Off
The highly anticipated primary listing of residential real estate affiliate of listed Immofinanz, Buwog, will be completed on Monday.
April 28, 2014
Raiffeisen Bank International AG - SWOT Analysis & Company Report May 2014
This new report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains an overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
April 25, 2014
Poland Fears War in Ukraine
According to Poland´s Prime Minister Donald Tusk, Poland should prepare for the worst case in Ukraine.
April 25, 2014
Poland: BNP Paribas Bank Polska Hopes for Higher Profits
Because of the merger with BGZ Bank BNP Paribas Bank Polska, the Polish branch of the French financial giant, expects a growth of return on equity (ROE) in the double-digit figures.
April 24, 2014
Poland: Costs for Banking Services Rising Dramatically
The banking fees in Poland saw a dramatic increase in the second half last year.
April 23, 2014
Poland: VAT Likely to be Reduced
As announced by Polish Finance Minister Mateusz Szczurek, the government plans on cutting the VAT rate to 22 percent in 2017.
April 22, 2014
Poland: Economic Upswing Endangered by Conflict in Ukraine
In general, Poland´s economic growth accelerates. However, the recent developments in Poland´s neighbor country are a substantial risk factor.
April 18, 2014
Polish Insurer PZU Gains More Power in Baltic States
As announced by the Polish insurance company, PZU took over three Baltic competitors.
April 17, 2014
Poland: Budget Deficit Soaring
Last year the budget deficit amounted to 4.3 percent of GDP.
April 17, 2014
Poland: Excessive Deficit Procedure for Two More Years
The Polish government expects the EU Commission to cancel the Excessive Deficit Procedure in “less than two years” due to the measures applied so far the continuing of economic recovery.
April 16, 2014
S&P Upgrades Polish Banking Sector
Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.
April 16, 2014
Poland: No Tax Hike Required
According to Poland’s Finance Minister, a tax increase is not required this year.
April 14, 2014
Poland: Number of Consumer Loans Increases
According to Polish credit bureau BIK, the number of granted consumer loans has reached a new record.
April 11, 2014
Poland: Key Rate Kept on Hold
The Monetary Policy Council of Poland has kept the key interest rate on hold since it ended easening in July last year.
April 10, 2014
Poland: NBP Posts No Profits
In 2013 the Polish National Bank (NBP) posted no profit.
April 10, 2014
Poland: Growth Forecast Raised Again
The International Monetary Fund has raised the forcast of GDP growth in Poland.
April 9, 2014
Poland: BZ WBK to Take Over Santander Consumer Bank
Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.
April 9, 2014
Fitch: Polish Rating Foundations Very Solid
As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.
April 8, 2014
Poland: Banks to Enhance Bond Issues
The Polish banks are expected to increase the value of bond issues in the next years.
April 8, 2014
Poland: No Danger of Deflation
According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.
April 7, 2014
Poland: Volatility on Financial Market Decreased
The volatility on the currency market decreased in March.
April 4, 2014
Poland: PKO BP to Help Finance Ukrainian Enterprises?
The biggest financial institute in Poland could get involved in a project financing Ukrainian businesses.
April 4, 2014
Poland: NBP to Stabilize FX Reserves
The Supreme Audit Chamber NIK in Poland called upon the National Bank in Poland (NBP) not to increase in foreign-exchange (FX) reserves but stabilize its level.
April 3, 2014
Poland: Banking Industry Expects Improvement in Results
The Polish banking sector expects net profits to increase in 2014.
April 3, 2014
CEE: Economy Could Become More Vulnerable to Crimea Crisis
If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.
April 2, 2014
PKO BP Closes Takeover of Nordea
According to the Polish Bank, the takeover of the Polish affiliate of the Swedish banking group is concluded.
April 2, 2014
Poland: Banks Post Profit of PLN 25bn
In the financial year of 2013 Polish banks posted profits of more than PLN 25bn, as reported by Polish daily Dziennik Gazeta Prawna citing figures by the Polish Financial Market Regulator KNF.
April 2, 2014
Poland: PZU to Take over RSA’s Baltic Branch?
Polish insurance company PZU intends to take over the Baltic assets of British ailing insurer RSA.
April 1, 2014
Poland: Corporate Sentiment on the Rise
Enterprises in Poland are becoming more and more optimistic.
March 31, 2014
Poland: Raiffeisen Polbank Increases Net Profit
Net profits for Raiffeisen Polbank, the Polish branch of the Austrian lender, achieved a considerable increase in net profits.
March 31, 2014
Sikorski: Ukraine Close to Deal with IMF
Poland´s Minister of Foreign Affairs Radoslaw Sikorski explained that the talks between the IMF and Ukraine have made substantial progress.
March 29, 2014
Poland: Interests on Bank Deposits to Remain Low
Interest rates will only be raised at the end of 2014.
March 28, 2014
RBI to Keep Hungarian and Ukrainian Affiliates?
Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.
March 27, 2014
Poland to Fulfill EU Commission’s Regulations
According to Polish Finance Minister Mateusz Szczurek, Poland will have no difficulties fullfilling the standards set by the European Commission with regard to the budget deficit.
March 27, 2014
RBI: Profit Shrinks by Almost A Quarter
RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.
March 27, 2014
Poland: Good Starting Point for Economic Growth
Economic growth for 2014 is expected to accelerate to 3.1 percent to 3.2 percent in the first quarter while for the full year it is anticipated to come at 3.5 percent, according to Polish Economy Minister Janusz Piechocinski.
March 26, 2014
Poland: Economy Proves Immune to Ukrainian Crisis
According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.
March 26, 2014
Poland: Promising Years Ahead
Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.
March 25, 2014
Poland: Number of Real Estate Loans Drops
The portfolio of real estate loans of Polish households declined in February, according to a report by the National Bank of Poland (NBP).
March 25, 2014
Poland: Pension Reform Not to Affect Rating
According to rating agency Fitch, Poland’s country rating will not be affected by the pension reform.
March 25, 2014
Poland: PKO BP Considers Expanding Worldwide
The biggest lender in Poland PKO BP is weighing up international expansion
March 24, 2014
Poland: Budget Deficit 2013 Below Target
The Polish budget deficit for 2013 has reached almost 82 percent after it was amended in August.
March 20, 2014
Low Inflation Still No Threat to CEE
Currencies in CEE should not be affected by low inflation, according to Erste Group.
March 19, 2014
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