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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
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
VIG Aims to Expand in Poland
Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.
August 23, 2012
Lay-Offs in Polish Banking Sector Ahead
According to the Polish newspaper Rzeczpospolita, about 2,500 employees may lose their jobs in the banking industry.
August 21, 2012
European Congress of Small and Medium – Sized Enterprises in Katowice
From 24th to 27th September 2012, the II European Congress of Small and Medium – Size Enterprises will take place in Katowice, Poland. 50 discussion panels are planned including over 250 speakers with 3500 participants.
August 21, 2012
Great Demand for Polish Sovereign Bonds
Last week, the interest rate on Polish sovereign bonds fell to a all-time low of four percent. However, a trend reversal is not unlikely.
August 18, 2012
Does the Euro Collapse Now? (Part 2)
The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.
August 18, 2012
Poland Does Not Expect Recession in 2013
The Polish Minister of Finance Jacek Rostowski explained that the Polish economy will grow by 2.5% this year.
August 18, 2012
Poland´s Deficit Target in Danger
The Polish government may fail the 3.0% deficit target in 2012. Above all, the economic slowdown is a risk factor.
August 17, 2012
Profits Grow Slower in Polish Banking Sector
The Polish banking sector is still very stable. However, a trend reversal is foreseeable.
August 10, 2012
Polish Business Service Sector Booming
In 2011, 38 new business service centers were established in Poland. The number of employees doubled since 2009.
August 4, 2012
Polish Industrial Sector Shrinks
Last month, the Polish purchase manager index could recover. Nevertheless, there is no tendency of growth yet.
August 3, 2012
VIG Streamlines its Market Presence in Poland
Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.
August 1, 2012
CESEE: Still High Degree of Corruption
According to Transparency International, „political influence over independent institutions is a systemic corruption risk in the Czech Republic, Hungary, Poland and Slovakia“.
July 31, 2012
Bankruptcy Prevented: Schlecker Austria Becomes „daily“
The Austrian investment funds TAP 09 acquires the financially stricken chemist chain. Schlecker Austria should become a local grocer.
July 31, 2012
Poland as CESEE´s Locomotive
This year, the CESEE region should record a growth rate of 1.7%. However, the situation is highly different.
July 25, 2012
Vienna Insurance Group: Still Growth Potential in CESEE
VIG´s new CEO Peter Hagen aims to achieve external as well as internal growth. The process of catching up will go on.
July 20, 2012
Kapsch TrafficCom: Rise in Revenues Ahead
Analysts expect the Austrian IT company to record a substantial increase in revenues. The earnings are different.
July 16, 2012
Poland Not to Enter the Eurozone Soon
For the time being, Poland will keep the Zloty. After the Eurozone has managed the current crisis, an accession is conceivable, Foreign Minister Radoslaw Sikorski says.
July 14, 2012
Kapsch: Poland Showing Excellent results
Revenue for Poland of over € 178m, investments amortized after only 18 months
July 13, 2012
WSE Remains European Leader by Number of IPOs
Warsaw Stock Exchange is the leader by the number of IPOs and Europe’s third market by the value of IPOs in Q2 2012.
July 11, 2012
Poland: Alpine Excluded from Tendering Procedure
After a dispute with Polish authorities, the Austrian construction company Alpine has been excluded from the tendering procedure of the national highway S8.
July 10, 2012
Schlecker Austria Sees High Probability of Takeover
The insolvency manager of the German chemist chain Schlecker sees a favorized potential buyer for Schlecker Austria.
July 9, 2012
Purchasing Power in CEE Region: Czech Republic Ranks First
Among Poland, Slovakia and the Czech Republic, Bratislava records the biggest regional purchasing power. In total, the Czech Republic ranks first.
July 7, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 2012
CEE Defies Turbulences in the Eurozone
GDP in CEE expected to grow 2.6 per cent in 2012 – eurozone expected to shrink by 0.3 per cent. Growth forecast for Austria’s GDP at 0.7 per cent in 2012
July 5, 2012
CESEE: Poland and Turkey are Hot Spots
Erste Economic Sentiment Indicator CEE: stock market expectations weaker, but still ahead of Eurozone. Turkey and Poland remain the preferred investment regions.
July 4, 2012
Uniqa Completes Sale of Mannheimer Group
The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.
June 29, 2012
VIG Completed Polisa Life Acquisition in Poland
The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.
June 28, 2012
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