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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
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
Alpine: Confrontation with Polish Authorities
Due to the termination of a construction project, a violent dispute has broken out between the construction company and Polish authorities.
March 29, 2011
Atrium Reaches Turnaround
The real estate company recorded positive net earnings in 2010. Profits amounted to € 111.06m.
March 12, 2011
Major order for Siemens Austria
The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.
February 26, 2011
Sales Growth for Quehenberger
The Austrian logistics company posted higher sales in 2010 than expected, however without reaching the profit zone.
February 23, 2011
Potential for Austrian Construction Industry in Poland
Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.
February 10, 2011
Strabag: Poland as a Replacement for Russia?
Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.
February 9, 2011
RBI Faces an Increase in Equity
The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.
February 8, 2011
Raiffeisen Bank International Acquires 70% of Polbank
The Austrian RBI purchases Polbank for € 490m in cash. Polbank is seen as ideal complement to existing Raiffeisen Bank Polska .
February 4, 2011
Siemens Austria Receives an Order for Poland
The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.
February 3, 2011
Strabag: Russia as Growth Driver
For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion
January 28, 2011
New Order in Poland for Kapsch CarrierCom
Kapsch CarrierCom has won the next large order for the deployment of a digital train radio system.
January 28, 2011
Vienna Insurance Group Shows 15% Increase in Profits
Significant plus of Group profit for the year (before taxes) by almost 15 percent to about € 505m. Increase of premiums written by 6.1 percent to € 8.7bn.
January 25, 2011
Slight Decline in Furniture Exports
Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.
January 18, 2011
Poland is a Big Opportunity for Austria's Export Economy
The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.
January 15, 2011
Polbank: Imminent Decision
The decision for the sales process of Polbank will be announced in the next few days, according to the parent company EFG Eurobank.
January 10, 2011
Bank Tax in Poland?
The Polish government is considering levying taxes on banks already in 2011. From the Austrian perspective, Raiffeisen Bank International would be affected.
January 5, 2011
Structural Change in Austrian Winter Tourism
Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.
December 31, 2010
Austria's Labor Market Opens
As of May 1, 2011 the German and Austrian labor markets open for the new EU citizens. Romania and Bulgaria will follow suit in 2013.
December 30, 2010
Raiffeisen Negotiates over Polbank
The Austrian Raiffeisen Bank International (RBI) negotiates actively for the Polish Polbank.
December 23, 2010
New Project in Poland for Atrium
Atrium strengthens polish portfolio with € 168.5m acquisition of a shopping centre in Warsaw.
December 20, 2010
Strabag Receives Major Project in Poland
Construction of new railway and bus station of Katowice operated by the Austrian building company Strabag.
December 2, 2010
Joint Venture Between Swiss and Austrian Post
The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.
December 1, 2010
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