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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


Rostowski Initiates Debate on Eurozone Accession

Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.
January 7, 2013


“2013 will be a better growth year for CEE than 2012”

Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.
January 7, 2013


CESEE: Economy Slows Down Further

CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.
January 7, 2013


CESEE Equity Market: Upside Trend after Slow Start

Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013


Poland: LOT to Downsize Radically

The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again
January 5, 2013


CESEE: Construction Industry Shrinks Further

The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013


Poland Plans Bank Taxes

The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013


Significant Upward Trend in Austrian Tourism Sector

Positive start in winter season 2012/13: 4.15 million overnights in November. The number of guests from Italy and Russia is growing remarkably.
January 4, 2013


Poland: Government to Focus on Family and Employment

Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.
January 4, 2013


Poland: Public Debt Level Shrinks Slightly

At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.
January 3, 2013


Poland Promotes Privatizations

This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012


Automotive Industry in CESEE Region Booms

According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".
December 28, 2012


Poland: € 100m Aid for LOT

The Polish government grants a massive capital injection for the financially stricken airline.
December 27, 2012


CESEE: Deposit Growth Slows Down

Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012


CESEE: Airline Industry in Severe Crisis

The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.
December 21, 2012


CESEE Asset Quality: “Not out of the woods”

In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.
December 20, 2012


CESEE Banking Sector: Improving Market sentiment, but Slower Growth

The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.
December 20, 2012


Highest Percentage of Low-Wage Earners in Baltic Countries

One out of six employees in the EU27 was a low-wage earner in 2010. Large differences between men and women, levels of education and types of contract.
December 20, 2012


Poland: Recovery in Mid-2013

Poland´s new Deputy Prime Minister Janusz Piechocinski forecasts an upward trend beginning in the second half of next year.
December 20, 2012


Bank Austria: Poland and Turkey are Most Attractive

According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.
December 19, 2012


Poland and Hungary to Cut Interest Rates Further

Unlike the Czech Republic, Poland and Hungary still have some downward potential. The inflation rate is still below the base rate.
December 19, 2012


Komorowski: “Poland Needs Euro”

Poland´s President Bronislaw Komorowski wants his country to join the Eurozone. Now, the government has to convince the people, he says.
December 19, 2012


Rostowski: “Poland Will Enter Eurozone as soon as Possible”

Poland´s Minister of Finance Jacek Rostowski announced that his country wants to become a member of the Eurozone. However, the problems of the Eurozone must be solved before, he said.
December 18, 2012


Polish Government Considers Joining Banking Union

Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.
December 14, 2012


CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.
December 13, 2012


Immofinanz Develops New Project in Poland

The Austrian real estate company expands activities in Poland: Start of construction on Nimbus office development project
December 13, 2012


Poland Grants State Aid to LOT

Poland´s national airline LOT gets financial support of more than € 100m.
December 12, 2012


Polish National Bank Criticized

Poland´s Minister of Finance Jacek Rostowski thinks that NBP (National Bank of Poland) does not cut interest rates quickly enough.
December 11, 2012


Belka: “Poland Is Free of Economic Imbalances”

The governor of the Polish National Bank (NBP) admits that the economic slowdown is substantial, but no fundamental problem.
December 6, 2012


Polish Government Retains Budget Assumptions for 2013

Poland´s Prime Minister Donald Tusk said that there is no need to change the economic assumptions at the moment.
December 5, 2012


Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved

Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.
December 5, 2012


Poland: Another Rate Cut Expected

The Polish National Bank (NBP) will lower the interest rate one more time this year, analysts say.
December 4, 2012


Poland: Economic Growth Flattens Further

The crisis in the Eurozone also hits Poland. In the third quarter, the economic growth rate only came at 1.4%.
December 3, 2012


Poland: Piechocinski to Become New Deputy Prime Minister

After the resignation of Waldemar Pawlak, the Polish government will not collapse, observers say. PSL´s new party leader Janusz Piechocinski is expected to succeed Pawlak.
December 3, 2012


Polish Economy Slows Down

In the third quarter, annual GDP growth was below 2%, the Polish Ministry of Finance said today.
November 30, 2012


Poland: Measures Against Shrinking Population

Poland´s Prime Minister Tusk announced that the government will improve its social policy. In the next 40 years, the Polish population might decrease by 6 million.
November 29, 2012


Strabag: Losses Ahead

Next Friday, the Austrian construction group presents its results for the first nine months of 2012.
November 28, 2012


Poland: Unemployment Remains on High Level

The Polish government expects the unemployment quota to grow slightly.
November 27, 2012


Poland: Foreign Direct Investments Grow Massively

Last year, the U.S. was the biggest investor in Poland. Regarding the EU budget, Prime Minister Tusk emphasizes that cohesion funds must not be cut.
November 26, 2012


CESEE: Russia Has Best Growth Prospects

Next year, Russia is expected to record a GDP growth rate of 3.8%, Vienna Institute of International Economic Studies (wiiw) says.
November 26, 2012


CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession

Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012


More Hungarians Leave their Country

Especially high-skilled Hungarians tend to emigrate. The labor market conditions in Hungary are often precarious.
November 24, 2012


Poland´s Population Expected to Shrink

In the next 40 years, the Polish population might decrease by 6 million.
November 24, 2012


VIG: Satisfying Results Ahead

Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.
November 23, 2012


Poland: Economy Expected to Recover in 2013

Poland´s Minister of Finance Jacek Rostowski is optimistic that economic growth will accelerate next year.
November 21, 2012


Real Estate Market: Austria Is Underdeveloped

Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012


Poland: Pawlak Steps Down

The Polish Minister of Economics Waldemar Pawlak resigns. His re-election as leader of the Agrarian Party has failed.
November 19, 2012


EU Budget: Losses for Poland Will Keep Within Limits

Poland will still be the biggest net contributor. According to Poland´s Prime Minister Donald Tusk, the negotiations prove highly difficult.
November 17, 2012


Belka: Polish Economy Will Recover In 2013

The governor of the Polish National Bank (NBP) Marek Belka demonstrates optimism.
November 17, 2012


NBP: Further Interest Cuts Likely

The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.
November 15, 2012