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Slovakia in Austria | Slovaks in Vienna | Bilateral Relations
Austria and Slovakia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
„Greece Has No Future in Eurozone“
The Czech President Klaus thinks that the Eurozone could bear a Greek exit without any problems.
November 15, 2012
Slovak Growth Flattens
Slovakia´s GDP still grows substantially, but slower compared to previous quarters. Employment growth stagnates, though.
November 15, 2012
CESEE: Massive Capital Outflow
In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.
November 14, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
Slovakia: Employment and Nominal Wage on the Rise
Employment and average monthly wage in selected sectors of economy in September 2012.
November 12, 2012
Slovakia: Foreign Trade Growing Moderately
Positive foreign trade development in September and over the first nine months of 2012.
November 10, 2012
Slovak Industrial Production Grows Substantially
The Slovak Industrial production index (IPI) increased by 13 % in September 2012, compared with September 2011.
November 10, 2012
Czech Republic to Enlarge Nuclear Energy Production
Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.
November 9, 2012
Slovak Bond Yields at Record Low
Erste Group successfully placed € 1.25 bn 12-year benchmark Slovak government Eurobond at record low yield of 3.375%. New issue amassed € 2.1 bn order book across 140 investors.
November 8, 2012
CEE Deleveraging Remains Moderate
Austrian, German and Italian banks kept lending to CEE6 (except Hungary) relatively stable. Shifts in foreign capital structure and allocation from private to public sector might pose risks to future growth.
November 8, 2012
Slovakia: Internal Trade Growing Moderately
The Slovakian retail trade sector is shrinking. The wholesale turnover was up by 2.2%
November 7, 2012
Purchasing Power: Austria Ranks 6
Regarding the purchasing power per head, Austria is significantly above the European average of € 12,802.
October 31, 2012
Czech Republic and Slovakia: Nuclear Power Remains Main Energy Source
The Czech Prime Minister Petr Necas and his Slovak counterpart Robert Fico underline that nuclear energy will remain the future technology.
October 30, 2012
Saving in CEE Becomes More Important
Poles and Slovaks are CEE's savings champions, putting aside 15% resp. 12% of their monthly income. Austrians, Germans and Czechs follow suit with 9%.
October 29, 2012
Slovak Deficit to Reach 2.9% of GDP in 2013
The Slovak government approved the 2013 state budget. The deficit will be reduced step by step in the next years.
October 12, 2012
Slovakia: Employment and Nominal Wages Growing
The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.
October 12, 2012
Alpine Needs Help from Banks
The Austrian construction company faces liquidity constraints. Talks with banks were started already.
October 11, 2012
IMF Issues Optimistic Forecast for Slovakia
According to IMF, Slovakia´s economy will grow by 3.3% this year. However, the forecast had to be reduced compared to the prior forecast.
October 10, 2012
Moderate Growth in Slovak Foreign Trade
Increasing foreign trade development in August and over the first eight months of 2012.
October 9, 2012
Slovakia: Growing Industrial Output, Declining Construction Sector
The Slovak Industrial production index (IPI) increased by 17 % in August 2012 compared to August 2011.The, construction output decreased, year-on-year, by 13,7 %.
October 9, 2012
Flat Tax in Austria?
The Austrian opposition party presented a “fair tax” model. The other parties criticized the proposal fiercely.
October 6, 2012
Czech Republic: Industrial Sector Most Important
Among the EU members, the Czech Republic shows the highest percentage of people working in the industrial sector.
October 6, 2012
Slovakia´s Growth Still Driven by Exports
The industrial sector still shows dynamics. However, government spending and consumption is falling further.
October 5, 2012
CEE Countries Must Work Upon Economic Convergence
CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.
October 5, 2012
Romania: Lowest Importance of Service Sector in EU
Almost 70% of employed persons in the EU27 worked in the service sector in 2011. The scope ranges from 43% in Romania to 85% in Luxembourg.
October 5, 2012
ESM: Slovakia Pays € 264m
In October, the Slovak government will transfer € 264m to ESM. This will be the first two installments.
October 4, 2012
Nine Prime Minister Discuss EU Budget in Bratislava
The Prime Ministers of nine countries of Central and Eastern Europe will meet in the Slovak capital on October 5.
October 3, 2012
Slovakia Abolishes Flat Tax
Because of the austerity pressure, Slovakia gives up its flat tax. The corporation income tax rate increases to 23% from 19%.
October 3, 2012
Slovakia: Budget Deficit Decreased Slightly
Last month, the Slovak state deficit was down to € 2.59bn. In August, the deficit stood at € 2.68bn.
October 2, 2012
Raiffeisen Brand to be Introduced in Slovakia
The Austrian bank will open its first branches in November.
October 2, 2012
Slovak Foreign Trade Activity Growing Remarkably
In 2011, goods in the amount of € 56 959,9m were exported from the Slovak Republic. Compared with 2010, the total export increased by 18%.
October 1, 2012
Slovak Business Atmosphere Aggravates
Results of business survey and economic sentiment indicator in September 2012: mood in the Slovak economy worsens for the fourth time in a row.
October 1, 2012
MOL Announces Massive Investments in Hungary
The Hungarian oil group plans to make investments of € 1.1bn in the next three years.
September 25, 2012
Public Debt: New EU Members Are More Flexible
Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
September 24, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Slovakia: Saving Grows Despite Falling Real Income
On average, deposits come at € 4,379. Against 2011, this is an increase by 6.1%.
September 21, 2012
National Bank of Slovakia Adapts GDP Growth Forecast
According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.
September 19, 2012
Slovak Economic Growth to Slow Down
The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.
September 18, 2012
Slovakia´s Inflation at 3.7%
In August, the inflation rate reached 3.7% in Slovakia, the Slovak Statistical Office announced.
September 15, 2012
Hungary Becomes Tax Haven for Czech and Slovak Enterprises
In the last three years, the number of Czech enterprises with head office in Hungary was up by 41%.
September 15, 2012
Slovak Leasing Industry Shrinks
In the first half of 2012, sales in the Slovak leasing market were down by 5%.
September 15, 2012
Slovakia´s Economy Still Performs Well
In the second quarter of 2012, GDP growth came at 2.8% after 3.0% in the first quarter.
September 15, 2012
Austria Second-Largest Investor in Slovakia
Foreign Minister Spindelegger opens new Austrian Embassy premises in Bratislava and underlines the close economic ties between Slovakia and Austria.
September 14, 2012
OMV Sells 15% Stake in CEGH to Slovak Eurstream
The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.
September 14, 2012
Slovakia: Declining Construction Production in July 2012
In July, the Slovakian construction output decreased, year-on-year, by 11,2 % to € 459,9m.
September 11, 2012
Slovakia: Increasing Employment in Industrial Sector
The highest salaries were recorded in the IT industry, followed by the manufacturing industry.
September 11, 2012
World Economic Forum: Slovakia´s Performance Worsens
According to the World Economic Forum Competitiveness Report, Slovakia´s competitiveness slipped again.
September 10, 2012
Slovakian Industrial Production on the Rise
Industrial production index (IPI) increased by 18,5 % in July 2012, compared with July 2011. The development was mainly affected by a rise in manufacturing by 22,6 %.
September 10, 2012
Slovakia: Rising Unemployment Despite 2.8% GDP Growth
In the second quarter of 2012, Slovakia´s GDP moved up by 2.8%. The unemployment rate reached 13.6%.
September 6, 2012
Slovakia Records Growing Current Account Surplus
In the first five months of 2012, Slovakia´s current account surplus reached € 1.24bn. Against the reference period of 2011, this is an increase by € 350m.
September 4, 2012
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