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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: PZU to Takeover Healthcare Companies

Polish insurance group PZU is considering the acquisition of two healthcare enterprises.
March 18, 2014


Poland: PKO BP Cuts Down on Business in Ukraine

The Polish top lender PKO BP’s Ukrainian affiliate Kredobank closed four of its six branches in Crimea in the past two weeks.
March 18, 2014


Belka: Poland Should Not Haste into Eurozone

Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.
March 17, 2014


DiTech: Insolvency Postponed

Heavily affected computer equipement trader DiTech has to postpone filing for insolvency proceedings, which was planned today at the Commercial Court in Vienna.
March 14, 2014


Poland: Lowest Budget Deficit Since 2008

The budget deficit as per the end of February, was the lowest since 2008.
March 14, 2014


CEE: Investments to Boost Economic Growth

In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.
March 13, 2014


Poland: “Time for Belt-Tightening”

Poland is required to cut the deficit in the public finance sector.
March 13, 2014


Austria: DiTech to be Taken Over by Investor

Insolvent computer equipment trader DiTech is supposed to be taken over by a German investor with Polish roots.
March 13, 2014


Poland: PZU Below Profit Expectations

Polish insurer PZU missed the profit expectations in the last quarter in 2013.
March 13, 2014


Poland: Bank Pekao with Ambitious Plans

Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.
March 12, 2014


Poland: Changes in Monetary Policy to Come Gradually

Polish macroeconomic conditions support a stabilization of monetary policy, according to Anna Zielinska-Glebocka, member of the Monetary Policy Council.
March 12, 2014


Poland: Economic Growth to Accelerate

According to the latest estimates of the Polish National Bank (NBP), the annual economic recovery could accelerate to 3.7 percent in the period from 2014 to 2016.
March 11, 2014


Poland: PKO BP to Sell Parts of Consumer Loan Portfolio

This year, the largest lender in Poland intends to sell a part of its consumer loan portfolio in the amount of PLN 2.3bn to 2.5bn.
March 11, 2014


Poland: Share of Impaired Loans Increasing

The number of impaired loans in the non-financial sector keeps on increasing.
March 10, 2014


Polish Currency Still Affected by Ukrainian Crisis

The Polish Zloty continues to be unstable in the light of the political crisis in Crimea.
March 10, 2014


CEE Countries Condemn Russian Intervention in Ukraine

Foreign Ministers of the Visegrad countries (Poland, Czech Republic, Slovakia and Hungary) want to strengthen the EU defense policy. Poland intensifies its military cooperation with the U.S.
March 8, 2014


Poland: Rabobank Polska Gives up BGZ

Dutch financial institute Rabobank wants to get rid of BGZ.
March 6, 2014


Poland Reconsiders Joining Eurozone

The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.
March 5, 2014


Polish Financial Market Proves Strong

The financial market in Poland is resistant towards negative impacts resulting from the current political crisis in neighbor country Ukraine.
March 5, 2014


Poland: Takeover of Nordea Bank Polska Granted

PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.
March 4, 2014


Poland: Banks Expected to Preserve Ratings

According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.
March 4, 2014


Ukraine: Poland Wants to Put Pressure on Russia

Poland´s President Bronislaw Komorowski underlined that the U.S. has given assurances on Poland´s security. Prime Minister Tusk calls for solidarity with Ukraine.
March 3, 2014


Poland: “Further Gradual Improvement”

The recent tendencies point to accelerated economic growth rates.
March 3, 2014


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