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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
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
Poland: Pension Scheme Reform to be Eased
At the beginning of September, Poland´s government decided to re-nationalize the pension system. Now, the government considers relativizing the reform.
September 28, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
Poland: Recovery Remains Fragile
Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.
September 26, 2013
EU Commission: Poland Lacks in Innovation and Work Efficiency
According to the EU Commission’s annual report on the competitiveness among the EU member countries, which was released on Wednesday, Poland has been improving its competitiveness.
September 26, 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
Porr Lands Ikea Contract in Poland
The Austrian construction company Porr has landed two contracs in North Poland for a total volume of € 150m.
September 24, 2013
Poland: 71 Percent Dissatisfied with Domestic State of Affairs
According to a new poll by TNS Polska, the majority of Polish citizens are displeased about the country’s situation reports Polish news agency PAP.
September 23, 2013
Poland: Warsaw Stock Exchange to Introduce WIG30
The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
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
Poland: Budget for 2014 Realistic
According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.
September 23, 2013
NBP: First Signs of Recovery
According to the National Bank of Poland (NBP) there are first signs of recovery in the corporate sector.
September 20, 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
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Poland: Minor Slowdown in Industrial Production
On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.
September 19, 2013
Poland: Industrial Output Indicates Upswing
In August, Poland´s industrial production was up for the third month in a row. Due to the growing exports to the Eurozone, Poland is recovering.
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
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
Polish Government Wobbles
The majority of Poland´s governing parties is at risk. New elections would be rather unfavorable for Prime Minister Donald Tusk.
September 14, 2013
Poland: Rallies Against Government
Around 20,000 persons took part in a rally against the government organized by the country’s three largest trade unions: Solidarity, the All-Poland Alliance of Trade Unions (OPZZ) and the Trade Unions Forum.
September 12, 2013
Poland: Unemployment Dropping Slightly
The number of registered jobseekers decreased in August.
September 10, 2013
Poland: Government Gives Green Light to Budget Draft
The Polish Government has approved the budget plan for 2014 with the deficit gap closing further after a refurbishment of the private pension system.
September 9, 2013
Poland: Re-Nationalization of Pension Scheme
Poland takes back the partial privatization of pension system. The re-nationalization does not affect Poland´s sovereign debt rating.
September 7, 2013
Polish Central Bank Holds Interest Rate Flat
Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.
September 5, 2013
Alpine: Creditors in Austria and Poland Claim Refunds
Not only the labor market in Austria is burdened but also thousands of creditors have invested in bonds of the construction company and are now facing enormous losses.
September 4, 2013
Poland: Tusk Demonstrates Optimism
This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.
September 4, 2013
Poland: RCB Roadshow with Twelve Listed Austrian Companies
On Wednesday Polish investors will get together with managers of listed Austrian enterprises.
September 3, 2013
Polish Alpine Files for Bankruptcy in Vienna
More affiliates of Alpine are affected.
September 3, 2013
Poland: Economic Growth to Speed Up
According to GUS, the Polish Central Statistical Office, GDP grew by 0.8 percent in the second quarter of 2013 on a year-on-year comparison basis, which is an increase of 0.3 percent from 0.5 percent in the first quarter of the year.
September 2, 2013
Austrian Banking Sector Burdened Heavily With NPL
In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.
September 2, 2013
Poland: Economy Begins to Accelerate
In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.
August 31, 2013
Poland: Opposition to Gain Support
The percentage of support for leading centrist Civic Platform (PO) under the lead by Prime Minister Donald Tusk dropped to 22 percent in late August.
August 28, 2013
Poland: Tusk Remains Leader of Civic Platform
With almost 80 percent of votes Prime Minister Tusk wins elections for Civic Platform’s (PO) party leader.
August 26, 2013
Fitch Cuts Outlook for Poland
Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.
August 25, 2013
Adria Airways to be Acquired by China Southern Airlines
Chinese Southern Airlines wants to gain a foothold in the Slovenian air traffic sector. Besides Adria Airways, Ljubljana Airport will be privatized.
August 25, 2013
CESEE Faces Economic Recovery
According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.
August 24, 2013
Polish Airline LOT Puts Pressure on Boeing
Polish carrier LOT is threatening Boeing with claims for compensations. Dreamliner purchased by the airline company were faced with weeks of grounding due to a series of technical problems. Losses are estimated in the amount of up to € 25m.
August 23, 2013
Poland: Budget Amendment Passed in Parliament
In order to adapt to the slow economic growth the government has amended the budet by permitting this year’s budget deficit to increase to PLN 16bn as well as approving PLN in spending cut, as announced at a press conferenced on Tuesday.
August 21, 2013
Political Dissatisfaction in Poland Grows
Seven out of ten Poles are disappointed with Polish parliament
August 21, 2013
Poland´s Economic Growth Accelerates
In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.
August 17, 2013
RBI´s CEO Sevelda: Drastic Losses in Hungary
Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.
August 17, 2013
Poland: Current Account Surplus Better Than Expected
Poland's June current account surplus at € 574m
August 13, 2013
Poland: Amendmends in 2013 Budget
Upper house approves law suspending fiscal restraints at 50 percent debt threshold
August 12, 2013
20,000 Bank Shops Have Closed Since Beginning of Crisis
60 percent of the costs in the business with private clients are caused by bank shops. Still, banks are hesitant to close them as they fear the loss of long-term clients.
August 12, 2013
Poland’s Opposition Expands Poll Lead
Poland's conservative opposition Law and Justice (PiS) party has increased its lead over the centrist governing Civic Platform (PO) party by another five percentage points, according to a poll released on Thursday.
August 9, 2013
Poland: VAT Receipts Increased 10 Percent
Value added tax (VAT) receipts increase 10 percent year on year.
August 8, 2013
Poland: Trade Deficit Estimates Lowered by Ministry
Deficit estimate for 2013 reduced to EUR 3.9bn by Polish Ministry of Economy
August 8, 2013
Raiffeisen Bank International AG - SWOT Analysis & Company Report
This report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
August 8, 2013
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