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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
OMV and Repsol Searching for Oil in Romania.
Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.
February 23, 2013
EU Financial Framework: Romania Is a Clear Winner
In the financial period from 2014 to 2020, Romania would be able to receive EUR 39.2bn from the European Union.
February 23, 2013
Romania Tapped Again External Markets
In February, Romania borrowed USD 1.5bn in a 10-year Eurobond. Demand for debt papers was strong, Raiffeisen Research says.
February 22, 2013
Romania: Slightly Lower Current Account Deficit in 2012
First estimates showed current account deficit declining to 3.8% of GDP in 2012 from 4.5% of GDP in 2011, Raiffeisen Research reports.
February 22, 2013
VBAG: Major Losses in Romania
The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.
February 21, 2013
Romania: Key Rate to Remain Unchanged
“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.
February 21, 2013
Romania: Disappointing Economic Growth
“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.
February 21, 2013
CESEE Region Still Has Enormous Growth Potential
“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.
February 20, 2013
CESEE: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Sberbank Threatens to Sue VBAG
Last year, VBAG has sold VBI (Volksbank International) to Russian Sberbank. Now, Sberbank is highly dissatisfied with the performance of VBI.
February 19, 2013
Romania Almost Stagnates
Last year, Romania´s economy could prevent a recession. The GDP growth came at 0.2%.
February 18, 2013
Economic Growth: Baltic Countries Ahead
Euro area GDP down by 0.6% and EU27 down by 0.5%. The CESEE countries show mixed results. Lithuania, Estonia and Latvia have performed best in 2012.
February 14, 2013
CESEE: Banking Industry Slightly Optimistic
Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.
February 11, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Romania Privatizes Freight Division of National Railways
Romania´s government sells a 51% stake in CFR Marfa, the publicly held rail freight company.
February 6, 2013
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
Slovak Property Market Recovers
For the first time since 2008, property prices were up in the fourth quarter of 2012.
February 6, 2013
Romania Keeps Interest Rate Flat
In its meeting, the Board of the National Bank of Romania decided to keep the monetary policy rate unchanged at 5.25 percent per annum and too ensure adequate liquidity management in the banking system.
February 6, 2013
FDI Inflow Remains Weak in Romania
Romania has recorded a low foreign trade deficit and current account deficit in Q4 2012. The low inflows of foreign capitals into the private sector persist, Raiffeisen Research says.
February 2, 2013
Romania: „Long road to growth“
Most likely, economic activity was flat in Q4 2012. Available data tracking the dynamics of economic activity in Q4 2014 paint a mixed picture, Raiffeisen Research reports.
February 2, 2013
Romanian Inflation Remains High
Adverse statistical base effect would be preserved in H1 2013, keeping headline annual inflation between 5.4-5.8% yoy, Raiffeisen Research reports.
February 2, 2013
Lower Constraints for Romanian National Bank
Central bank to remain on hold, but room to ease control over liquidity conditions has increased, Raiffeisen Research reports.
February 1, 2013
Romania: „Ongoing fiscal consolidation in 2012“
According to Raiffeisen Research, Romania´s public finance begins to improve. However, the budget execution still shows some weaknesses.
February 1, 2013
Slight Upward Trend for CESEE Countries
The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.
February 1, 2013
“Operations of Austrian Banks in CESEE Region Are a Success Story“
Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.
January 30, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Treichl: „BCR Will be Positive this Year“
Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.
January 24, 2013 · Updated: January 24, 2013; 21:58
Romania Needs More Time for IMF-Requirements
The financially stricken country did not implement the planned privatizations. EBRD criticized Romania´s slow progress.
January 23, 2013
IMF: Growth in CESEE Region to Accelerate
In the next three years, economic growth rates in central, eastern and southeastern Europe will return to the pre-crisis level, IMF says.
January 23, 2013
Erste Group´s CEO Wants to Create CESEE Stock Exchange
Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).
January 23, 2013
CESEE Property Market Highly Heterogeneous
In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.
January 21, 2013
EU: Romania and Hungary Have Highest Inflation Rates
Euro area annual inflation stable at 2.2%, Eurostat says.
January 16, 2013
Erste Group: Austerity Cuts Also in Austria
After sharp austerity measures in Romania and Hungary, the banking group wants to reduce personnel costs in Austria.
January 15, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
Erste Group: Massive Write-Downs in Romania
The Austrian banking group reduces goodwill by € 300 million.
January 15, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
Romania: Ponta Promises Return to Growth
Prime Minister Victor Ponta underlines the necessity of austerity measures. This year, Romania´s public debt level will increase further, though.
January 12, 2013
First Signs of Economic Recovery
Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.
January 10, 2013
Central Europe's Relations With the U.S.
Philip H. Gordon from the Bureau of European and Eurasian Affairs at the U.S.-Central Europe Strategy Forum, Center for European Policy Analysis (CEPA) in Washington, DC remarks on the issue of U.S. relations with Central- and Eastern Europe as follows.
January 9, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
“2013 will be a better growth year for CEE than 2012”
Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.
January 7, 2013
CESEE: Economy Slows Down Further
CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.
January 7, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Petrom: Major Gas Deal Signed
OMV Petrom exploring shallow water sector of Neptun block in the Black Sea.
December 22, 2012
CESEE: Deposit Growth Slows Down
Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012
CESEE Asset Quality: “Not out of the woods”
In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.
December 20, 2012
Erste Group Withdraws from Ukraine
Austrian Erste Group enters into an agreement to sell Erste Bank Ukraine.
December 20, 2012
CESEE Banking Sector: Improving Market sentiment, but Slower Growth
The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.
December 20, 2012
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