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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: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Poland: Economic Slowdown Becomes More Visible
Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.
February 19, 2013
LOT to be Privatized in 2013
LOT Polish Airlines faces a dramatic phase of restructuring. In order to saleable, the airline company will downsize radically.
February 19, 2013
Construction Industry: Polish Output Fell Sharply
In the EU, the construction output was down by 2.7%. Poland and Bulgaria record a substantial decrease in production.
February 19, 2013
Poland: Rostowski Calls for Structural Reforms
Minister of Finance Jacek Rostowski wants his country to join the Eurozone. However, Poland has to implement fiscal reforms, he claims.
February 18, 2013
Polish LOT Plans Mass Lay-Offs
In order to prevent a bankruptcy, the financially stricken airline has to downsize radically, Prime Minister Tusk says.
February 14, 2013
Poland: Foreign Trade Growth Slows Down
The negative balance on the current account amounted to EUR 1.2bn as compared with EUR 1.9bn in December 2011.
February 14, 2013
Poland: Wages Up by 2.9%
In the fourth quarter of 2012, average wages rose moderately. However, the real income fell for the first time since 1993.
February 12, 2013
Despite Budget Cut: Poland Receives More Money
“This is one of the happiest days of my life.” Poland´s Prime Minister Donald Tusk said.
February 11, 2013
CESEE: Banking Industry Slightly Optimistic
Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.
February 11, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
EU Budget: Poland Among Main Beneficiaries
Although the EU budget was cut, Poland will receive more EU-funds than in the current period.
February 8, 2013
Poland: Unemployment Quota Above 14%
In January, Poland´s unemployment quota came at 14.2%, the Polish Ministry of Labor says.
February 8, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
NBP Cut Interest Rate Again
The Council of the National Bank of Poland decided to decrease the interest rates by 0.25 percentage points.
February 7, 2013
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
Slovak Property Market Recovers
For the first time since 2008, property prices were up in the fourth quarter of 2012.
February 6, 2013
Tusk: “First Months Will be Most Difficult”
Poland´s Prime Minister Donald Tusk explained that the Polish economy will recover in the second quarter of 2013.
February 4, 2013
Poland: Banks Continue to Tighten Lending Policy
NBP Report: In the fourth quarter of 2012, the banks continued to reduce the availability of loans to households and small and medium-sized enterprises. The banks expected demand for housing loans to decline sharply in the first quarter of 2013.
February 4, 2013
Tusk: “Poland Becomes a Full Member of the EU”
Poland´s Prime Minister Donald Tusk, Poland will join the Fiscal Pact. The conservative opposition rejects this step.
February 2, 2013
Slight Upward Trend for CESEE Countries
The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.
February 1, 2013
Poland to Fulfill Convergence Criteria Gradually
Governor of NBP (National Bank of Poland) Marek Belka argues that the country will not meet all the Maastricht Criteria simultaneously.
January 31, 2013
Poland: Opposition Criticizes Government´s Economic Policy Sharply
Opposition leader Jaroslaw Kaczynski says that the government does not fight against the economic slowdown.
January 31, 2013
Polish Economy Grew by 2.0% Last Year
Today, the Polish Statistical Office has published the economic data for 2012.
January 30, 2013
“Operations of Austrian Banks in CESEE Region Are a Success Story“
Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.
January 30, 2013
Bank Austria Centralizes Operations in Baltic Countries
The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.
January 29, 2013
Rostowski: Poland´s Economy to Recover in Second Half of 2013
Poland´s Minister of Finance expects that the economic slowdown will continue for the time being.
January 28, 2013
Poland Sells Shares in PKO
The share in the banking group decreases to 31.9%. Further privatizations are planned.
January 24, 2013
Poland: Unemployment Quota at 13.4%
The labor market situation is one of Poland´s most pressing issues. Compared to November 2012, the unemployment quota was up by 0.5 percentage points.
January 24, 2013
Poland Has Third-Biggest Current Account Deficit
EU27 current account surplus € 28.8 bn. € 39.3bn surplus for trade in services.
January 24, 2013
IMF: Growth in CESEE Region to Accelerate
In the next three years, economic growth rates in central, eastern and southeastern Europe will return to the pre-crisis level, IMF says.
January 23, 2013
Komorowski: Poland Should Join Eurozone in 2015
Poland´s President Bronislaw Komorowski said that the country should decide whether to introduce the euro in 2015.
January 23, 2013
Erste Group´s CEO Wants to Create CESEE Stock Exchange
Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).
January 23, 2013
Poland: Lower Growth Forecasts
The slowdown of the Polish economy continues. The government is becoming impatient.
January 22, 2013
Europe of Tomorrow: The New Way of Thinking
Distinguished participants from industry, politics and the business community such as Václav Klaus, Jerzy Buzek, Franz Fischler, Martin Meyer, Jan Zielonka, Iain Begg, Prince Hans-Adam II of Liechtenstein are currently dicussing this issue in Vienna.
January 22, 2013
CESEE Property Market Highly Heterogeneous
In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.
January 21, 2013
Rostowski Calls for Further Interest Cuts
Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.
January 21, 2013
Poland´s Rating Not Endangered
According to the U.S. rating agency Fitch, Poland´s “A-“ rating is “robust”.
January 21, 2013
Poland: Credit Line Renewed
The IMF guarantees a credit line of € 26bn to the Polish government.
January 19, 2013
WSE Has New Management
Adam Maciejewski will replace Ludwik Sobolewski as CEO of Warsaw Stock Exchange.
January 17, 2013
Poland: FDI Inflow Increases Decently
Last year, Poland recorded only a small increase in foreign direct investments.
January 17, 2013
WSE Among Europe’s Top Five Markets by Value of IPOs in 2012
The WSE ranked #1 in Europe by the number of IPOs and #5 by the value of IPOs in 2012.
January 17, 2013
Citizens in CESEE Countries Tend to Pessimism
According to a survey carried out by the opinion research institute marketagent.com, pessimism in the countries of central, east and southeast Europe persists.
January 16, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
CESEE: Chakrabarti Expects Stabilization
In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.
January 14, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
NBP Expects Further Slowdown
Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.
January 14, 2013
Rostowski Wants Further Interest Cuts
Poland´s Minister of Finance calls NBP (Polish National Bank) to continue the expansive monetary policy
January 11, 2013
Belka: “We are at the Bottom of the Crisis”
Governor of NBP (Polish National Bank) Marek Belka expects a soon economic recovery.
January 10, 2013
First Signs of Economic Recovery
Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.
January 10, 2013
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