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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
Credit Crunch in CESEE?
The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.
August 7, 2013
UniCredit to Focus on Poland, Turkey and Russia
UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.
August 6, 2013
„CESEE Will Come Back“
Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.
August 6, 2013
RBI Considers Withdrawing from Hungary
The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.
August 6, 2013
Retail Trade: Sharp Decrease in Slovenia and Romania, Poland
Volume of retail trade down by 0.5% in euro area Down by 0.3% in EU27.Poland and Romania register strong growth rates.
August 5, 2013
Strong Signs of Life in CESEE Airline Sector
After a couple of difficult years, the airline industry in the CESEE region takes a re-start. In Hungary and Serbia, Arab investors have entered the stage.
August 5, 2013
CESEE: „Growth Story Did Not End“
In an interview with the Austrian newspaper “Presse”, chairman of the CEESEG supervisory board Willibald Cernko explains that Central and Eastern Europe needs a new growth model.
August 3, 2013
Poland: Slow, but Steady Progress
Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.
August 2, 2013
CESEE Remains Attractive for Austrian Investors
According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.
August 1, 2013
Trend: Service Industry Drifts to CESEE
Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.
July 30, 2013
Poland: Estimates for 2014 Lowered
Forecast by IbnGR: Poland's GDP will grow 1.2 percent in 2013 and 2.6 percent in 2014.
July 30, 2013
Poland: Foreign Trade Deficit Grows Substantially
Poland's final 2012 trade deficit comes at € 10.584 bn, according to statistics office.
July 30, 2013
Poland: President Komorowski Most Trusted by Citizens
Poles trust president much more than party leaders.
July 26, 2013
Poland: First Signs of Recovery from Crisis
Deputy Finance Minister Janusz Cichon expressed his optimism about the country’s soon economic recovery via Twitter by referring to Poland’s industrial performance and retail sales in the last month.
July 25, 2013
Poland: Opposition Calls for Parliamentary Inquiry
PiS chief opposition calls for parliamentary inquiry into public finances.
July 24, 2013
Poland: Dispute Between NBP and Finance Ministry
Finance Minister Jacek Rostowski and Governor of Polish National Bank Marek Belka are blaming each other for the poor performance of Poland´s economy.
July 23, 2013
Poland: Economic Trend Reversal Likely
In the 1st half of 2013, together with still unfavourable business tendencies on global markets, the economic slowdown maintained in Poland. However, forecasts give reason for cautious optimism..
July 23, 2013
Poland to Enter the Eurozone in the Medium Term
The biggest new EU member country will become a member of the Eurozone, political observers say unanimously. The only question is when.
July 23, 2013
Poland: Budget Deficit to Peak in 2013
This year, Poland´s budget deficit is expected to reach 4.4% of GDP. The country still has a stable public sector, Moody´s comments.
July 22, 2013
CESEE Countries Show More Fiscal Discipline
Euro area government debt up to 92.2% of GDP. EU27 debt up to 85.9%. The debt increase in Hungary, Poland, Bulgaria, Romania and the Baltic countries was very decent or even negative.
July 22, 2013
NBP Wants Government to Adapt Budget
After the Polish government has announced to postpone its austerity plans, the National Bank of Poland calls the government to submit an updated fiscal outlook.
July 19, 2013
Poland Tries to Manage Fiscal Balancing Act
On the one hand, Poland´s government wants to keep an eye on the Maastricht Criteria. On the other hand, the economic growth would shrink even more without a fiscal stimulus.
July 18, 2013
Poland: Banking Sector Faces Downward Trend
According the Poland´s National Bank NBP, the profitability of the Polish banking sector is expected to decline further.
July 17, 2013
EU: Highest Inflation in Romania, lowest in Poland
Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%
July 17, 2013
Polish Government to Leave Austerity Path
In order to boost Poland´s economic growth, the government wants to ease the fiscal discipline.
July 17, 2013
Construction Industry Shrinks Drastically in Czech Republic and Poland
Euro area production in construction down by 0.3% and down by 0.2% in EU27.
July 17, 2013
Spanish and Polish Prime Minister Support EU-US Free Trade Agreement
On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
July 16, 2013
Poland: Economic Upswing not before 2014
Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.
July 16, 2013
Poland: State Companies to Submit to Further Control
Poland to enhance supervision over state companies in the energy sector.
July 15, 2013
Russia to Reduce Oil Export
Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.
July 11, 2013
Poland: Gowin Wants to Become Next Prime Minister
Conservative party member of PO Gowin is the sole challenger to Tusk for the position as party leader.
July 11, 2013
Poland: Measures to Increase Employment
The polish government approved a package of measues becoming effective by 2014 to improve the situation on the labor market.
July 10, 2013
Poland: NBP Downgrades Forecasts for GDP and CPI
The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.
July 9, 2013
Ukraine Looking for Alternative Gas Suppliers
Gas supply from Europe to Ukraine may stimulate pricing of Russian import.
July 8, 2013
Poland: Opposition Strengthens Front-Runner Position
According to a recent poll, conservative opposition party Law and Justice (PiS) has intensified its lead over ruling centrist Civic Platform (PO).
July 8, 2013
Visegrad Four Support Ukraine’s EU Integration
At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.
July 4, 2013
Poland To Enhance Supervision Over State Companies
Around twenty state-controlled enterprises will be watched more closely.
July 2, 2013
Austrians to Invest Strongly in FDIs
Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.
June 26, 2013
Ukraine Could Become Energy Hub in Europe
According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.
June 26, 2013
NBP: Investments to Rise in Poland
According to a report on the financial situation of firms in the first quarter published by the National Bank of Poland (NBP), demands in investments in the forthcoming quarters should rise.
June 25, 2013
Last Try to Save Polish Airline LOT
Poland’s National Treasury starts a final attempt at saving Polish Airlines LOT.
June 21, 2013
Polish Road Authority As Tardy Payer
Prime Minister Tusk seems unimpressed about ambassadors from six countries filing a complaint.
June 19, 2013
Poland: Deputy Transport Minister Dismissed
Former Deputy Transport Minister alleged of corruption. Austrian construction company Alpine involved.
June 18, 2013
V4 Want Free Trade Zone Between EU and Japan
The Visegrad Four Group (V4), which consists of Poland, the Czech Republic, Slovakia and Hungary, support the creation of a free trade zone between the European Union and Japan.
June 17, 2013
Bulgaria: Sofia One Of Best European Destination for Manufacturing
The Bulgarian capital Sofia was labeled as one of the best destinations for opening a manufacturing plant in Europe.
June 13, 2013
Poland: PKO BP to Acquire Polish Assets of Nordea
Bank PKO BP strikes deal to buy Nordea's Polish assets.
June 13, 2013
Moody’s: Rate Cuts Credit-Negative for Polish Banks
The recently passed cut in interest rates by Poland’s Monetary Policy Council has a negative effect on credits for Polish banks, rating agency Moody’s announced.
June 11, 2013
Poland: Sale of Foreign Currencies to Stabilize Zloty
After lowest rate in one year, the Polish government had to take actions.
June 10, 2013
WKO Export Day in Vienna
On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
June 8, 2013
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