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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
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
Credit Crunch in CESEE?
Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.
June 27, 2012
Investment Attractivity: Poland Ranks Second
According to Ernst & Young, the most attractive location for investments in Europe is Germany, which is followed by its Eastern Neighbour Poland.
June 25, 2012
Polish-American Economic Summit in Warsaw Generates New Orders for Poland
Among the US enterprises which announced new deals with their Polish partners were Boeing, Sikorsky and Westinghouse.
June 21, 2012
CESEE Banks: Small Exposure in Southern Europe
The riskiness of assets held by CESEE banks is manageable, the U.S. rating agency Fitch says. The CESEE region has closer links to Western Europe than to Southern Europe.
June 20, 2012
Shopping Center Industry Sees Still Growth Potential in CESEE
In 2012, about 300 further shopping centers should be built in the CESEE region. The market still shows a great potential, experts say.
June 20, 2012
Erste Group Manages Bond Issue in Poland
Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.
June 12, 2012
Immofinanz Strengthens Presence in Poland
The Austrian real estate group realises first own residential development project in Poland.
June 6, 2012
CEE Banking Sector „Performs Well“
The Austrian Raiffeisen Centrobank sees high-growth potential in the CESEE region. Loan growth is at „healthy levels“, there are „no signs of a credit crunch“.
June 6, 2012
Austrian Furniture Industry Increases its Exports
In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.
June 6, 2012
Zumtobel „Lights up“ Euro 2012
After its completed orders in Poland and in the Ukraine, Austrian lighting company expects to attain new orders in Eastern Europe.
June 1, 2012
Erste Group: Poland and Ukraine Benefit from Euro 2012
EURO 2012 investments helped to boost investments in both countries. € 30.2bn invested whereof approx. 90% spent on infrastructure in Poland & Ukraine.
May 26, 2012
Improved Business Atmosphere in CESEE Region
According to a survey by OeKB (Oesterreichische Kontrollbank), expectations of investors are beyond the level of January. Austrian exports to the CESEE region may increase.
May 4, 2012
Austrian Post Continues Expansion in CEE Region
With the purchase of “Kolportaz Rzetelny” and a stake in “M&BM; Express”, Austrian Post expands its Network in Poland and Bulgaria.
May 3, 2012
Raiffeisen Bank International Closes Acquisition of Polbank
The Provisional purchase price is € 460m in cash for a 70 per cent stake in the Polish private bank. RBI becomes number 6 in the Polish banking market.
April 30, 2012
RBI: Takeover of Polbank Approved
The Polish Competition Authority allowed Austrian RBI (Raiffeisen Bank International) to purchase Polbank. Conversely, RBI has to list as Warsaw Stock Exchange.
April 18, 2012
Goldman Sachs: Too Small Margins at Austrian Banks in CEE
The U.S. investment bank is optimistic that the CEE region recovers in 2013. The write-offs made by Austrian banks were “correct”.
April 16, 2012
CSC: Substantial Growth in CEE Markets Expected
The U.S. IT service supplier CSC upgrades the Viennese subsidiary again. Recently, CSC Austria became a regional headquarter for ten countries. Now, a R&D center was created.
April 5, 2012
Poland Remains Attractive for Real Estate Investors
In its country report, Bank Austria sees Poland still as an interesting real estate market. Nevertheless, prime yields are declining already.
March 28, 2012
Austrian Post Is Said to Expand in Poland
Austrian Post is said to be interested in Polish Kolportaż Rzetelny, Polish media report.
March 19, 2012
Atrium Considers Secondary Listing on the Warsaw Exchange
The Vienna-listed, Jersey-based real estate company reviews a secondary listing at Warsaw Stock Exchange.
March 16, 2012
CEE Exchange “Open to Merger of Equal”
The CEE Stock Exchange Group, which includes bourses in Vienna, Budapest, Prague and Ljubljana, said it’s open to holding “merger of equals” talks with the Warsaw Stock Exchange (GPW), its biggest rival.
March 13, 2012
Stagnation at Vienna Stock Exchange
At the moment, the Viennese Stock Exchange (VSE) has no new IPO´s to announce. The atmosphere in Vienna would be not investment-oriented enough, market observers say.
March 13, 2012 · Updated: March 13, 2012; 19:11
Ghizzoni: „Austrian Bank Tax Is Painful“
The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.
March 10, 2012
Henkel CEE Achieves Stable Results
The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.
March 8, 2012
Uniqa Aims for Growth in CESEE Region
The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.
March 5, 2012
Eder: „Environmental Policy Endangers Economy“
Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.
March 5, 2012
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
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