Austria and Poland - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
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Poland in Austria | Poles in Vienna | Bilateral Relations

Austria - Regional Leader in E-Mobility

Roland Berger Strategy Consultants released a new study on e-mobility in Central and Eastern Europe. The study presents a comprehensive assessment of e mobility maturity in eight countries and identifies best practices.

October 20, 2011

Austria with the Best Situation on the Real Estate Market in the Region

Austria, the Czech Republic and Poland are the three countries from Central Europe, where the condition of the property market according to the banks’ opinion is the best – states the KPMG’s research - CEE Property Lending Barometer 2011.

October 19, 2011

Warsaw is Going to Have a Second Airport

According to plans, Modlin airport authorities expect regular international and domestic airlines connections to start in autumn next year.

October 18, 2011

Growth of CEE Region Under Threat from Eurozone Crisis

The EBRD research is predicting a slow-down in emerging Europe’s economic growth next year with the continuing eurozone sovereign debt crisis posing challenges to recovery from the 2008-09 global financial crisis.

October 18, 2011

Spectacular Surge in Profits of CEE Technology Companies

The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.

October 18, 2011

Raiffeisen's Comment on Current Developments of CEE Eurobonds

Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.

October 18, 2011

Warsaw Stock Exchange, the Financial Hub of CEE

The 4th Warsaw-CEE Financial Hub conference will be held on 30th November 2011 in the Listing Room of the Warsaw Stock Exchange under the honorary patronat of the Polish President Bronislaw Komorowski.

October 18, 2011

The Intended VIG Acquisition of Polish Warta Faces a Tough Competition

According to the Polish daily Rzeczpospolita, analysts estimate the value of the Polish insurer Warta at € 230-340m.

October 17, 2011

Polish Foreign Trade Will Increase by 125% by 2025

The world trade will increase only by 73%, states the report of HSBC Trade Connections. The document presents forecasts for the international trade in the perspective of several years.

October 13, 2011

Warsaw Ahead of Vienna and Prague in the Ranking of the Most Attractive European Business Cities

Warsaw moved up three places in the ranking of the most attractive European cities to locate a business, prepared by Cushman & Wakefield.

October 13, 2011

Vienna Insurance Group Has Its Own Funds to Buy the Polish Insurer Warta

Guenter Geyer, the head of the Austrian insurance company quoted by the Polish daily Gazeta Prawna confirmed the interest in an auction of the Warta Insurance and Reinsurance Company.

October 13, 2011

Immofinanz Opens Shopping Center Extension in Poland

The Austrian real estate company invested € 50m in the project, making it one of the top five shopping centers in Poland.

October 12, 2011

Drop in Car Production in Poland

In September 2011, the production of passenger cars and commercial vehicles in Poland amounted to 70,521 units, an increase by 63,24% (27,319 units) compared to August 2011 reported the Samar Institute.

October 12, 2011

Skoda’s Domination in Poland

According to research conducted by Samar, Skoda has been the unquestionable leader of the Polish car market during last 30 months.

October 11, 2011

Gloom Over Clothing Industry in Poland

In the first half of this year over 13 thousand of clothing shops disappeared from the Polish market.

October 11, 2011

Santander Close to Become a Leading Player in Poland

According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.

October 11, 2011

Bewag Achieved Turnaround

The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.

October 3, 2011

Strabag Awarded Motorway Project in Poland

Two subsidiaries of the Austrian construction group lead the consortium which signed a contract worth € 120m. The group’s share is 55%.

September 30, 2011

VIG to Start Due Diligence on Warta in October

The Austrian insurance group intends to grow on the Polish market. An acquisition would double its premium income in the country.

September 28, 2011

Red Bull Intends to Enter China

The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.

September 27, 2011

New Subsidiary for Rabmer Bau in Poland

The Austrian construction group, which is spezialized in renovating canal systems, established a new company in Poland.

September 26, 2011

Immofinanz Acquires Property in Warsaw

The Austrian real estate company made its largest office property acquisition since 2008. The purchase price is € 102m.

September 22, 2011

Alpine to Build Hotel in Warsaw

The Austrian construction group will be general contractor of the project in Poland. Total contract value is € 32m.

September 16, 2011

No Common Trend for CEE-Countries

Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.

September 13, 2011

Saloon Talks in Polish Ambassy: „Europe Needs New Leadership“

In the Polish Ambassy in Vienna, the former Prime Ministers of Poland, Aleksander Kwasniewski and Austria, Wolfgang Schüssel, talked about their vision for the European Union.

September 8, 2011

Raiffeisen Centrobank Reports Increase in Profit

Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.

September 2, 2011

VIG Merges Polish Subsidiaries

The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.

August 31, 2011

Erste Group not Interested in Polish Bank Millenium

The Austrian bank continues looking for opportunities to expand into Poland after it has ruled out an acquisition of Bank Millenium.

August 16, 2011

Atrium to Develop Hypermarket in Poland

The real estate company will develop a shopping center in the city of Lublin for the French retail chain Auchan.

August 10, 2011

Immofinanz Acquires Development Site in Poland

The Austrian real estate company plans to develop a shopping center in the Polish city of Lublin. Opening is scheduled for 2013.

August 2, 2011

Warimpex Sells Hotel in Warsaw

The Austrian real estate company sells the Sobieski Hotel in Warsaw, together with an adjacent 6,000 square meter office building to Wenaasgruppen, headquartered in Norway.

July 28, 2011

Erste Bank Fixed the Takeover of Intermarket Bank

Erste Bank took over 56% in Austria’s largest factoring bank from the Polish subsidiary of Commerzbank and will acquire another 10% from Coface.

July 28, 2011

Erste Group Provided Financing for Hospital in Warsaw

The € 32m acquisition financing is the first private hospital financing in CEE of that size which has been closed by Erste Group and also a first in Poland for the bank.

July 15, 2011

Atrium Executes Settlement Agreement with Multi Investment

As a result of the agreement, the American-Israeli real estate fund will receive net cash of € 64m and generate a profit of € 156m.

July 15, 2011

Contractual Penalty for Kapsch in Poland

The Austrian technology group did not manage to finish work on an electronic toll collection system in time. Thus, the company will have to pay a contractual penalty.

July 6, 2011

VIG Interested in Acquisition of Polish Warta Insurance

The Austrian insurance company might strengthen its position in the Polish market with the acquisition of a local company.

July 4, 2011

RBI: Acquisition of Polbank Stake Advancing

The Austrian bank has received anti-trust approval of the deal. Closing and operational merger are expected in Q4/2011 or Q1/2012.

June 30, 2011

Austrian Labor Market Relatively Stable during Crisis

A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.

June 24, 2011

Immofinanz Acquires Office Property in Warsaw

The Austrian real estate company already held 51% of the property and is now becoming the sole shareholder. The transaction includes the sale of another object to a project partner.

June 10, 2011

Immofinanz Considering Listing in Warsaw

The Austrian real estate group would be interested in a listing if red tape were reduced. It is currently looking for acquisition opportunities in Poland and Russia.

June 7, 2011

Raiffeisen Not Interested in Hypo

The Austrian bank group is currently expanding in Poland but it is not going to bid for Hypo Alpe Adria as an acquisition “would not make sense”.

June 6, 2011

Warimpex: First-Quarter Loss Widens

The Austrian real estate company’s loss increased from € -0.7m to € -3.0m in the first quarter of 2011. EBIT fell from € 2.9m to € -0.3m.

May 27, 2011

Declining Sales at UBM

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

May 13, 2011

Expansion Plans at Erste Group and Raiffeisen

RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.

May 13, 2011

Raiffeisen International Bank Intends to Get Further Involved in Poland

After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.

May 10, 2011

Atrium Strengthens Polish Portfolio

Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.

May 9, 2011

Eastern Europe as Growing Market for Austrian Wine Exports

Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.

April 23, 2011

Warimpex to launch a Private Placement of Convertible Bonds

The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".

April 20, 2011

Erste Bank takes over Intermarket Bank

With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.

April 11, 2011

Red Bull Mobile now also in Belgium

The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.

April 7, 2011