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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
Poland´s Budget Deficit “Will Not Be Bigger than Planned”
The Polish Minister of finance Jacek Rostowski stresses that the planned budget deficit will not be higher than PLN 35.6bn.
October 11, 2012
Poland: Almost 2.0 Million Unemployed
In August, the unemployment quota grew to 12.5% from 12.4%.
October 8, 2012
Poland: Long-Term Unemployment Becomes Problematic for State Budget
According to the consulter Deloitte, Poland is losing billions because of the long-term unemployment.
October 6, 2012
Poland´s Komorowski: “Strong Swiss Franc Causes Problems”
On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.
October 5, 2012
Working Time: Brits and Austrians Work Most
Regarding the weekly working time, Austria ranks second. The share of employees working in the service industry is slightly below the EU average.
October 5, 2012
CEE Countries Must Work Upon Economic Convergence
CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.
October 5, 2012
Romania: Lowest Importance of Service Sector in EU
Almost 70% of employed persons in the EU27 worked in the service sector in 2011. The scope ranges from 43% in Romania to 85% in Luxembourg.
October 5, 2012
Poland´s National Bank Holds Interest Rate
After analysts expected that the Polish NBP cut the interest rate, the decision to hold the rate at 4.75% came as a surprise.
October 4, 2012
Nine Prime Minister Discuss EU Budget in Bratislava
The Prime Ministers of nine countries of Central and Eastern Europe will meet in the Slovak capital on October 5.
October 3, 2012
Poland to Increase Flexibility of Labor Market
The Polish Ministry of Social Affairs prepares an “anti-crisis-package”.
October 3, 2012
Poland: Interest Cut Expected
The Polish National Bank NBP is anticipated to announce a cut in the base rate. At the moment, the base rate stands at 4.75%.
October 2, 2012
Immofinanz Builds Next Shopping Center in Poland
The Austrain real estate group starts retail development project in Poland. Investments total € 115m.
October 2, 2012
RBI: Poland Shows Stability
In Poland, Raiffeisen Bank International´s NPL ratio comes at 8%. By contrast, Ukraine and Poland are much more problematic.
October 1, 2012
M&A´s: Poland Ranks First Among CEE Countries
According to a study by Ernst & Young Poland ranks 30 among 148 countries.
October 1, 2012
Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
Immofinanz Group: Silesia City Center Ranks among the top Shopping Centers in Poland
On 19 September 2012 the Polish Association of Retail Tenants and GfK Polonia Institut published a new ranking of Polish shopping centers. The Silesia City Center was rated first.
September 28, 2012
CEE Equity: RBI Cautiously Optimistic
RBI forecasts a slight increase in yields for Poland, Hungary, Russia and the Czech Republic. Austrian ATX should grow moderately in the next 12 months.
September 28, 2012
CEE Remains Europe’s Growth engine Despite Slow-Down
CEE with 2012 GDP growth of 2.4 per cent – GDP in Eurozone to shrink to minus 0.5 per cent in 2012 . In terms of reforms, CEE tops Eurozone peripherals
September 28, 2012
“No Recession in Poland”
The Polish economist Jan Krzysztof Bielecki is optimistic regarding the development of Poland´s economy.
September 27, 2012
Czech National Bank Expects More Interest Rate Cuts
The governor of the Czech National Bank Miroslav Singer explained that the monetary easing program will continue.
September 27, 2012
Poland Continues Austerity Program
Today, the Polish Ministry of Finance has issued the government´s final budget bill for next year. The budget deficit is estimated to shrink slightly. Poland´s GDP Expected to Grow by 2.2% in 2013.
September 27, 2012
Poland: Joining Eurozone After Crisis
For the governor of the National Bank of Poland Marek Belka, entering the Eurozone is conceivable as soon as the Eurozone has recovered.
September 25, 2012
Public Debt: New EU Members Are More Flexible
Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
September 24, 2012
Poland´s Central Bank Retains Interest Rate
The Polish Monetary Policy Council held the base rate flat. Before, an interest rate cut of 50 bps or 25 bps were discussed.
September 22, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Polish Real Income Declining
As the inflation rate is still higher than wage increase, Polish households face a shrinking income.
September 20, 2012
Poland: Standard & Poor´s Upgrades Banking Industry
The U.S. rating agency upgrades the banking sector´s risk score.
September 20, 2012
Westerwelle and Sikorski Want a Stronger EU
The German and the Polish Ministers of Foreign Affairs wrote a common article in The International Herald Tribune.
September 19, 2012
Banking Supervision: Nowotny Warns of Over-Ambition
According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.
September 18, 2012
Polands FDI Level Stagnates
Compared to 2011, the size of foreign directed investments in Poland stays almost unchanged.
September 18, 2012
Implementation of Banking Union to be Postponed
Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.
September 17, 2012
Poland Rejects Joining Banking Union
According to Poland´s Minister of Finance, a common supervision for banks is “not interesting”.
September 17, 2012
Banking Union: Poland Demonstrates Skepticism
Yesterday, the EU-Commission has made proposals regarding the banking union. The decision making process for non-Eurozone members would be unclear.
September 13, 2012
Polish Public Debt Quota to Decrease
Although the planned budget deficit will not be met this year, Poland´s Finance Minister Jacek Rostowski expects a declining public debt quota.
September 12, 2012
Tusk: Good Prospects to Become Head of EU Commission
According to the German magazine “Der Spiegel”, the Polish Prime Minister Donald Tusk is considered as favorite candidate for the next President of the EU Commission.
September 11, 2012
Moody´s: Poland Still Has Strong Credit Profile
Despite the economic slowdown, Poland´s credit profile remains robust, Moody´s Assistant Vice President Jaime Reusche told PAP.
September 11, 2012
Polish Central Bank Retains Interest Rate
NBP (National Bank of Poland) kept the base rate at 4.75%. In the last weeks, a cut was discussed.
September 7, 2012
Latvia: Majority Rejects Euro
According to a opinion poll by “Latvijas fakit”, 59% of the Latvians does not want to join the Eurozone.
September 5, 2012
Poland Adapts Austerity Targets
Due to the economic crisis in Europe, the Polish government gives up its aim to reach a budget deficit below 2.2% of GDP.
September 5, 2012
Magna Denies Reports on Expansion in Poland
According to Polish media reports, Magna was said to invest € 238m in Poland. The Canadian automotive group denies expanding in Poland.
September 4, 2012
Magna to Invest € 238m in Poland
The Canadian automotive group plans to produce cars for “Mini” and “Infinity”.
September 3, 2012
Brand Poland Increases Value Massively
In the Most Valuable Nation Brand ranking, Poland ranks 20th.
September 3, 2012
Poland as European Logistics Hub
Real estate analysts predict that Poland will become Europe´s logistics hub in 2020.
September 1, 2012
Foreign Investors Dominate at WSE
Warsaw Stock Exchange: The share of foreign investors in trade on the alternative market has increased substantially. WSE’s Main Market has remained stable after the previous period with foreign investors still in the lead.
September 1, 2012
Poland´s Central Bank Dissatisfied with GDP Growth
In the second quarter, Poland grew by 2.4% instead of 3.0%. The Polish Central Bank does not want to postpone quantitative easing measures any longer.
September 1, 2012
Strabag: CEO Haselsteiner Is Said to Consider Delisting
The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.
August 27, 2012
Slim to Enter Polish Telecom Firms
The Mexican investor, who recently acquired a 25.9% in Telekom Austria, wants to expand in Poland.
August 25, 2012
Poland: Unemployment Shrinks
In July, Poland´s unemployment rate was down by 0.1 percentage points, the Polish Central Statistical Office reported.
August 25, 2012
Majority of Poles Against Joining Eurozone
About 58% of the Polish citiczens are against the introduction of the euro, TNS Polska reports. Only 12% think that joining the Eurozone would be good for Poland´s economy.
August 24, 2012
Polish Retail Sales Growing Substantially
In July, Polish retail sales increased by 6.9% on the year. In 2012, retail sales are expected to increase by 6.5%.
August 24, 2012
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