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Austria and Poland - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Poland in Austria | Poles in Vienna | Bilateral Relations
Negative Operating Results for Kapsch TrafficCom
Due to delays in two major projects, the Austria toll collection system supplier recorded operating losses in the third quarter of 2011/12. Revenues were up massively.
February 29, 2012
Atos Keeps Vienna as CEE Headquarters
After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.
February 27, 2012
Siemens Austria Has Growth Targets
The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.
February 24, 2012
Economic Growth Forecast: 0.7% in 2012
The EU-Commission sees an economic growth of 0.7% for Austria in 2012. Austria is in the middle-field among the EU member states.
February 23, 2012
CSC Establishes its CEE Headquarters in Vienna
The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.
February 22, 2012
Stepic Criticizes Rating Agencies Sharply
For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.
February 20, 2012
Sberbank Upgrades VBI´s Headquarter in Vienna
After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.
February 20, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
Russian Natural Gas Supply to Normalize
According to the Austrian oil and gas company OMV, gas deliveries from Russia are increasing slightly.
February 8, 2012
Magna Steyr Builds Mercedes Until 2020
The contract between the German Daimler Group and the Austrian automotive supplier has been extended. However, Magna had to make concessions.
February 8, 2012
Montana Tech Components Acquires Croatian Aluminum Companies
The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.
February 6, 2012
CEE Countries with Bigger Space for Higher Bond Yields
Romania, Czech Republic and Slovakia with biggest room for manoeuvre in case yields would spike; Hungary should avoid financing at +6%, says Erste Group.
February 6, 2012
3E Group Grows in Eastern Europe
The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.
January 30, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
Warta Sale: VIG Unsuccessful
The sale of the Polish insurance group Warta is closed. The German Talanx takes over Warta, Vienna Insurance Group had no chance.
January 20, 2012
Austrian Banks Hold € 18bn in Foreign Sovereign Bonds
At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.
January 19, 2012
DiTech Raises Sales by 9.0%
The Vienna-based computer retailer recorded sales of € 105m in 2011.
January 14, 2012
Polish Warta: Decision Expected this Week
Vienna Insurance Group and Zurich fight for Polish Warta. The seller, Belgian KBC, will decide this week.
January 12, 2012
VIG Has „No Problems in Hungary“
“We are an insurance group and not a bank.”, said the management of Vienna Insurance Group. Nevertheless, the developments are observed thoroughly.
January 11, 2012
Major Order for Strabag in Poland
The Austrian construction group strengthens its market position in Polish transportation infrastructures segment with a € 254m order.
January 9, 2012
CEE Investments Recommended
According to Erste Group, equities to become more attractive in 2012 compared to 2011. Turkey is seen as highly interesting investment location.
January 4, 2012
Polbank: RBI wants to Lower Price
The Austrian Raiffeisen Bank International delays the closing of the acquisition. RBI negotiates over a reduction of the acquisition price.
December 27, 2011
Rise in Profits Expected for Immofinanz
Tomorrow, on Tuesday, the Austrian real estate company presents its results for the second quarter. EBIT should rise significantly.
December 19, 2011
Bank Austria Reviews Strategy for CEE
In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.
December 17, 2011
S&T Aims to Achieve Turnaround in 2012
The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.
December 14, 2011
VIG and Zurich Fight for Polish Warta
According to the Polish newspaper Rzeczpospolita, the Swiss Zurich and the Austrian Vienna Insurance Group are the favorites for the acquisition of Warta.
December 14, 2011
Vienna International Considers IPO
The Austrian hotel operator aims to be quoted at Vienna Stock Exchange in the medium run. Further growth is planned.
December 12, 2011
Immofinanz Sells Project in Germany
The Austrian real estate group sells its stake in a project in Düsseldorf in order to grow in Russia and Poland.
December 12, 2011
Atrium Completes Acquisition of Shopping Centre in Poland
The Vienna-listed real estate company Atrium finished the acquisition of a € 55m project in the seventh largest city in Poland.
December 12, 2011
Austrian Foreign Trade Deficit on the Rise
From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.
December 7, 2011
Only Small Increase in Exports in 2012
After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.
December 6, 2011
KapschTrafficCom to Gain Order from Russia
The Austrian toll collect system supplier expects final announcement on the award of a Russian contract in two weeks.
December 5, 2011
Polish Financial Market Authority Claims RBI´s Quotation
The Vice-President of the Polish financial market authority, Wojciech Kwasniak, asks the Austrian Raiffeisen Bank International to quote in Warsaw, besides the listing in Vienna.
December 3, 2011
Porr Considers Capital Increase
In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.
December 3, 2011
Strabag Finishes Largest Project in Company History
The Austrian construction company finished work on the A2 motorway in Poland ahead of schedule. The project had a total volume of € 1.3bn.
December 1, 2011
Strabag Increased Revenue and Earnings after Nine Months
Revenue of the Austrian construction group was up by 9%. EBIT stood at € 208m – 8% higher than in 2010.
November 30, 2011
Immofinanz Refinances Shopping Center in Poland
Two German banks arranged a € 210m facility for the Austrian real estate group’s Silesia City Center in Katowice.
November 29, 2011
Strabag Wins New Orders for Environmental Technology Division
The Austrian construction group secured new business worldwide. The total volume is € 110m.
November 29, 2011
VIG Acquires Polish Life Insurance Company Polisa
The Austrian insurance group rounds off its product portfolio in Poland. Polisa generated a premium volume of € 21m in 2010.
November 29, 2011
Kapsch TrafficCom Reports Strong Growth
Revenues of the Austrian toll system supplier increased by 90%, EBIT more than doubled in the first half of the fiscal year 2011/12.
November 23, 2011
Analysts Expect Good Results for Kapsch TrafficCom
The Austrian toll system supplier will increase sales as well as earnings in the third quarter, analysts say.
November 22, 2011
OMV to Sell Petrol Stations to Slovak Slovnaft
The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.
November 22, 2011
Conference on European Economic Integration
“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.
November 18, 2011
VIG Raises Equity Base in Croatia
The local authority claimed for a capital increase for the Croatian subsidiary of Vienna Insurance Group. Now, € 15m were transferred.
November 16, 2011
Vienna Insurance Group Reports Moderate Rise in Profits
Profit (before taxes) went up by about 10 percent to € 414.1m. Group premiums rose by 4.0 percent to € 6.8bn.
November 15, 2011
Growth Potential in CEE Banking Sector
The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets
November 8, 2011
VIG Officially Bids for Polish Warta
Potential buyers of the Polish Warta insurance had to publish their offers by the end of October. Vienna Insurance Group participates.
November 7, 2011
PKN Orlen Interested in OMV´s Petrol Stations
The Austrian oil corporation OMV downsizes its operations in the Czech Republic. 220 Petrol stations are for sale.
October 31, 2011
Tourism: Moderate Increase in Guest Nights
The current summer season 2011 brought a rise in overnights by 2.2% for the Austrian tourism industry between May and September.
October 25, 2011
Rabmer Building Opens a New Subsidiary in Poland
Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.
October 24, 2011
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