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Romania in Austria | Romanians in Vienna | Bilateral Relations
Austria and Romania - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
CESEE: Dependence on Foreign Demand Remains Main Obstacle
In 2014, Central, Eastern and Southeastern Europe (CESEE) faces a slight upward trend. The structural difficulties persist, however.
December 21, 2013
New CEO at BCR Asigurari de Viata
Sorin Mititelu was appointed as new CEO of Romanian BCR Asigurari de Viata.
December 21, 2013
Austria: VBAG May Require Further State Aid
Partially nationalized VBAG is expected to post losses of more than € 200m.
December 20, 2013
Buwog's Spin Off More Likely than IPO
Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.
December 19, 2013
Stable Outlook for CESEE Banking Industry
According to the U.S. rating agency fitch, the sector outlook remains stable in Central, Eastern and Southeastern Europe. However, the well-known risks and weaknesses will persist.
December 19, 2013
CESEE: Potential to Return to Pre-Crisis Growth
According to a report published by the business adviser McKinsey, countries of Central, Eastern and Southeastern Europe are fundamentally strong.
December 18, 2013
Labor Costs: No Clear Trend in CESEE
In the Baltic countries and in Romania, unit labor costs rose most. In Slovenia and in the Czech Republic, by contrast, unit labor costs were down.
December 18, 2013
CESEE: More Robust than in 2008
The U.S. Federal Reserve wants to reduce its easing policy gradually. For emerging markets, the end of the loose monetary policy may prove challenging.
December 17, 2013
Erste Group to Reduce Goodwill
Erste Group reduces goodwill by about EUR 350 million.
December 17, 2013
Romania: Significant Decline in FDI
On an annual basis, FDI decreased by more than eight percent.
December 16, 2013
Romania´s GDP Growth to Slow Down
In 2014, Romania is expected to grow moderately. Compared to 2013, growth will decelerate. The recovery mainly depends on exports.
December 16, 2013
Emerging Markets Face Decrease in Risk Appetite
Foreign investors become more and more cautious about investing in emerging markets. Regions like Central, Eastern and Southeastern Europe are highly dependent on foreign sentiments.
December 14, 2013
Austrian GDP per Capita Second-Highest in EU
In terms of GDP per capita, Austria is the second-richest EU country.
December 12, 2013
Hungary: Stable Outlook Yet Still Junk Status
In spite of Matolcsy, governor of the Hungarian National Bank (MNB), demanding a better rating for the country’s credibility, the major rating agencies have not raised them.
December 12, 2013
Austrian Banking Industry Depends on Russia and Czech Republic
For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.
December 12, 2013
Improving Situation for Banks in CEE
Raiffeisen analysis getting a notch more optimistic on CEE banks.
December 10, 2013
EU/CESEE: Real Income Shrinks
In 2013, the real income will do down in Austria. Since 2010, the Austrian real income was down by 1.3%. In Hungary, real income fell by 15% in that period.
December 9, 2013
Austrian Banking Sector: € 35bn NPL
Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.
December 9, 2013
Raiffeisen Bank among Top Three Banks in Romania
Top three banks with best reputation - „The bank of Romanians” is client-centered, honest and transparent.
December 3, 2013
Sevelda: „We Are Close to the Breaking Point“
In a guest comment published by the Austrian business magazine Format, CEO of Raiffeisen Bank International Karl Sevelda refers to the high burden for Austrian banks.
November 29, 2013
VIG: „We Will Clean Up Merciless“
Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.
November 28, 2013
CESEE: Slight Growth Acceleration, but Uncertainties Persist
The Vienna Institute for International Economic Studies (wiiw) has published the economic forecast for the CESEE region today. The economic performance varies substantially from country to country.
November 28, 2013
Vienna Insurance Group: Net Income to Fall
The biggest Austrian insurance group is anticipated to post lower profits.
November 27, 2013
CESEE: Austrian Banks Face New Challenges
For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.
November 26, 2013
WKO: Better Framework Conditions for SMEs
Small and medium sized enterprises (SMEs), with between 10 to 249 persons employed, are a driver of the European economy, creating jobs and contributing to economic growth. WKO calls for better framework conditions for SMEs.
November 26, 2013
Wide Parts of CESEE Region Below Pre-Crisis Level
In terms of economic output, a large number of CESEE countries have not reached the level of 2008 yet. The growth outlook remains cautious.
November 25, 2013
Romania Faces Upgrade
Next year, Romanian sovereign bonds may be upgraded by Standard & Poor´s.
November 23, 2013
Romania: Banks Keep Risk Margins Unchanged
In spite of the recent cut in the key rate to an all-time low of four percent the financial institutes will not loosen risk policies.
November 19, 2013
Nowotny: Must Avoid Bubble in CESEE
In order to avoid another asset bubble like in 2008, loan growth has to be monitored, governor of Austrian National Bank Ewald Nowotny says.
November 19, 2013
Romania: Growth Leader in the EU
In the first three quarters, Romania´s economic growth rate reached 2.7%
November 16, 2013
Romania: Fitch Rating for Three Banks Affirmed
Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.
November 14, 2013
Romania: UniCredit Tiriac Bank’s Profits Exceeding Expectations
On an annual comparison basis, Unicredit Tiriac Bank posted an increase of profits of 48 percent to € 48.5m since the beginning of this year exceeding all expectations.
November 13, 2013
Controversy Over Special Taxes in Romania
The Romanian government plans to impose new taxes in 2014. Foreign investors may leave the country.
November 12, 2013
CESEE: Economic Turnaround Ahead
Ruchir Sharma, fund manager at Morgan Stanley stresses that Central, Eastern and Southeastern Europe is more attractive than the BRICS countries.
November 12, 2013
CESEE: Growth Remains Below Potential
Today, the EBRD (European Bank for Reconstruction and Development) has published its economic outlook for the CESEE region. The reform pressure is growing, Anthony Willams at EBRD wrote.
November 11, 2013
UniCredit: Net Income Driven By CESEE
Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.
November 11, 2013
Romanian Inflation Forecast Adjusted by NBR
The National Bank of Romania (NBR) has adjusted the inflation forecast downward for 2013 and 2014.
November 11, 2013
Romanian Banking Sector Highly Centralized
The EBRD has observed a high proportion of banks reporting that the parent bank´s influence is high.
November 9, 2013
Unequal Retail Real Estate Investment Activity in CESEE
While investments in retail real estate in Bulgaria see an upturn, those in Romania have dropped immensely by more than 50 percent.
November 8, 2013
Romania: Key Rate Cut Again
The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.
November 6, 2013
Banking Sector Reduces Lending
Instead of offering loans to the corporate sector, banks tend to invest in sovereign bonds. The CESEE region is particularly affected by this.
November 6, 2013
Romania: Growth Rates to Exceed Forecasts
According to the autumn forecast published by the EU Commission on Tuesday, Romania will exceed the previous estimates.
November 6, 2013
CESEE Region: Booming Exports Prevent Recession
The underlying reason for the improving economic sentiment in the CESEE region is the expanding industrial sector. However, the region remains vulnerable to foreign trade and foreign investments.
November 5, 2013
Slovak Banking Industry Records Growing Net Income
In the first nine months of 2013, Slovakia´s banking sector recorded a total net profit of € 449m.
November 1, 2013
Romania: Budget Gap Revised
In 2013, Romania´s fiscal shortfall is projected to reach 2.5% of GDP.
October 31, 2013
Slovenia on Top of Prosperous Countries in Emerging Europe
Slovenia is leading the list of prosperous countries in Emerging Europe. Bulgaria is on the last position.
October 30, 2013
CESEE: „The Growth Model Was not Sustainable“
Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.
October 29, 2013
Romania: Taxes Expected to Be Raised
The local press reports that numerous anonymous sources from the larger ruling party say that the executive is considering a hike in profit and income tax.
October 28, 2013
Romania: Precautionary Financial Assistance Approved
The Council of the European Union has approved a new precautionary financial assistance program for Romania in extend of € 2bn in connection with a loan by the International Monetary Fund (IMF).
October 25, 2013
Polish Holding to Take over Romanian International Bank
According to Mediafax newswire, Polish Getin Holding will take over Romanian International Bank (RIB).
October 24, 2013
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