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Austria and Serbia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism

Time Is Running Out Fast for Serbia and Kosovo

It is probably one of the last chances for Serbia and Kosovo to make progresses for EU rapproachment.

March 20, 2013

Historical Moment for Serbia And Kosovo

Both governments have come to an agreement, similar to the Treaty on the Basis of Relations (Basic Treaty) between the two German states.

March 16, 2013

Serbia: Real Income Shrinks

Available budget and individual consumption of households in the Republic of Serbia, Preliminary data, 4th quarter 2012.

March 15, 2013

Austria: EVN To Sell Devoll Hydropower To Statkraft A. S.

Agreement regarding the sale of EVN AG's stake in Devoll Hydropower ShA, a project entity for the construction of a hydro power plant in Albania, to Statkraft A.S.

March 14, 2013

Hungary: Number of Emigrants to Austria Increases

More and more Hungarians emigrate to Austria due to economic and political reason.

March 14, 2013

Serbia: Foreign Trade Grows Significantly

The overall external trade in the Republic of Serbia for January 2013 amounted to EUR 1724.6 million - which was a 9.5% increase compared to the same period 2012.

March 14, 2013

Serbia: Key Policy Rate Kept at 11.75%

The Executive Board of the National Bank has decided in its meeting to keep the key policy rate at 11.75%.

March 13, 2013

Mignon (PACE) Praises Serbia For Progresses

Today, president of the Parliamentary Assembly of the Council of Europe (PACE) Jean-Claude Mignon gave credit to Serbia’s progress in the execution of reforms and expressed faith in finding solution for the Kosvo issue.

March 12, 2013

Montenegro: Knocking on Brussels’ Door

In an interview with the Austrian newspaper Presse, state secretary for European integratition and Montenegro’s chief negotiator Aleksandar Pejovic informs when his country is ready to join the EU.

March 9, 2013

Serbia: Number of Dwellings Rose Substantially

Today, the Serbian Statistical Office has published the Census of Population, Households and Dwellings.

March 8, 2013

Belgrade Initiative to Support Serbia´s Financial System

The first meeting of the Belgrade Initiative, a host country cross-border banking forum, was held in Belgrade today.

March 8, 2013

Macedonia: Protests Against Government

Young Albanians protest against an „Anti-Albanian“ policy.

March 8, 2013

Recession in Euro-Area Still Affects CESEE Countries

According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.

March 7, 2013

Serbia: No Solution to Kosovo Issue Yet

At today’s trilateral meetings in Brussels for the sequel talks about the association Serb municipalities in Kosovo a gloomy atmosphere between the parties is predominant. Neither Serbia nor Kosovo want to step down from their claims.

March 4, 2013

“I do not expect for crediting requirements to tighten”

There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.

March 4, 2013

Serbia: Prime Minister Dacic Demands Separation of Kosovo

European Union and USA reject any change of boundery on the Balkan.

March 1, 2013

Serbia: Real Wages Falling Drastically

Salaries and wages per employee in the Republic of Serbia were down by 17% in January 2013.

February 28, 2013

Austria: Agrana Looking for New Market Shares in CEE and CESEE

CEO explains why Croatia and Serbia might be interesting settings

February 25, 2013 · Updated: February 25, 2013; 18:53

Austria: Number of Naturalisations Increases

7 107 persons acquired Austrian citizenship in 2012.

February 18, 2013

Hypo Group: Sale of Austrian Unit „at a Late Stage”

According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.

February 16, 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

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

Serbia: Key Policy Rate Raised to 11.75 Percent

In its meeting, the NBS Executive Board voted to raise the key policy rate by 0.25 percentage points to 11.75 percent.

February 6, 2013

Serbia Faces Political Crisis

After severe allegations against Prime Minister Ivica Dacic, the Serbian governing socialists reject to hold new elections. The coalition partner still supports Dacic.

February 4, 2013

Foreign Trade: Moderate Growth in Serbia

The overall external trade in the Republic of Serbia for the period January – December 2012 amounted to EUR 23619.1m.

February 1, 2013

Serbian Industrial Production Shrinks

The industrial production in the Republic of Serbia in December 2012, when compared to December 2011, increased by 0.7% and in relation to 2011 average, it increased by 7.1%.

February 1, 2013

ECB Extends Co-Operation with National Bank of Serbia

Today, the European Central Bank (ECB) decided to extend the two-year central bank cooperation programme with the National Bank of Serbia (NBS).

January 31, 2013

Serbia: Foreign Debt Grows

Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.

January 30, 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

National Bank of Serbia Fights Against Inflation

The asset quality in the banking sector shows first signs of stabilization, Raiffeisen Research reports.

January 30, 2013

Serbian Budget Deficit Lower than Expected

The government succeeded to achieve the 2012 budget deficit reading below the planned one, Raiffeisen Research reports.

January 30, 2013

Serbian Current Account Improves

As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.

January 29, 2013

Serbia: Industrial Production Shrinks

Industry turned downside, after funds under the government subsidy program were spent, Raiffeisen Research reports.

January 29, 2013

Serbia: Inflation Above Target Range

According to a country report published by Raiffeisen Research, inflation has bottomed in December 2012. The annual inflation comes at 12.2%.

January 29, 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

Serbia: Inflation Grew Further

Last year, the Republic of Serbia has recorded an inflation rate of 12.1%.

January 22, 2013

Europe of Tomorrow: The New Way of Thinking

Distinguished participants from industry, politics and the business community such as Václav Klaus, Jerzy Buzek, Franz Fischler, Martin Meyer, Jan Zielonka, Iain Begg, Prince Hans-Adam II of Liechtenstein are currently dicussing this issue in Vienna.

January 22, 2013

Rostowski Calls for Further Interest Cuts

Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.

January 21, 2013

Serbia: Dinkic Underlines Importance of South Stream Pipeline

The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.

January 19, 2013

IMF to Visit Serbia Again

The International Monetary Fund underlines that Serrbia must reduce its public debt. At the same time, the government must stimulate economic growth, IMF says.

January 18, 2013

Serbia: Key Policy Rate Raised to 11.50 Percent

At its meeting today, the Executive Board of the National Bank of Serbia voted to raise the key policy rate by 0.25 percentage points to 11.50 percent.

January 18, 2013

Citizens in CESEE Countries Tend to Pessimism

According to a survey carried out by the opinion research institute marketagent.com, pessimism in the countries of central, east and southeast Europe persists.

January 16, 2013

Croatia: One Step Closer to the EU

According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.

January 15, 2013

Serbia: Time Pressure Grows

In order to become an EU-member, Serbia must present some substantial progress to Brussels.

January 14, 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

Serbia: Inflation Increases Again

In December, the inflation in the Republic of Serbia was up again. The yoy inflation rate remains high.

January 14, 2013

Serbia: External Debt Growing Due to Euro Revaluation

Up by € 746.4m or 3.1% from end-June 2012, external debt of the Republic of Serbia totalled € 24.8bn at end-September 2012.

January 11, 2013

Serbia: Public External Debt Shrinks

In total, public debt grew by 1% in the third quarter of 2012. The debt-to-GDP ratio falls slightly.

January 10, 2013

Serbian Government Emphasizes Need of Austerity

The government in Belgrade has prepared a fiscal consolidation program. In the next years, the public debt quota is expected to decrease slightly.

January 10, 2013

Serbia to Sign Loan Agreement with Russia

Tomorrow, Serbia´s Minister of Finance Mladjan Dinkic will visit Moscow.

January 10, 2013