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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
Slovakia: Budget Deficit Reached € 2.67bn
In August, Slovakia´s budget shortfall increased to € 2.675bn from € 2.239bn in July.
September 4, 2012
Austrian Government and National Bank Against Return to Shillling
Federal Chancellor Werner Faymann and Governor Ewald Nowotny oppose to the idea of returning to Austria´s former currency.
September 1, 2012
Goldman Sachs Lowers Expectations for Austrian Banks
The U.S. investment bank anticipates decreasing earnings.
August 27, 2012
Slovakian Unemployment on the Rise
In July, Slovakia´s unemployment quota rose by 0.12 percentage points to 13.27%.
August 21, 2012
Slovakia Aims to Lower Budget Deficit Below 3.0% of GDP
The Slovakian government presented the draft state budget for 2013. The budget deficit should not exceed 2.9% of GDP, the Finance Ministry announced.
August 21, 2012
Slovakia Fights Against Budget Deficit
In order to comply with the EU Stability Pact, Slovakia needs to cut public expenses by € 630m.
August 16, 2012
Hungary: Most Foreign Firms from Austria
In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%
August 7, 2012
Slovakia: Rating Confirmed by S&P
The U.S. rating agency Standard & Poor´s reiterates Slovakia´s A/A-1 rating. The outlook is is still „stable“. Slovakia´s labor market data are less promising, however.
August 6, 2012
Erste Group: Concerns Despite Profits
Yesterday, the Austrian banking group published its results for the first half year. The business in Romania, Hungary and Ukraine causes worries.
August 1, 2012
CESEE: Still High Degree of Corruption
According to Transparency International, „political influence over independent institutions is a systemic corruption risk in the Czech Republic, Hungary, Poland and Slovakia“.
July 31, 2012
Poland as CESEE´s Locomotive
This year, the CESEE region should record a growth rate of 1.7%. However, the situation is highly different.
July 25, 2012
Slovakia: Bank Tax Should Reach € 1.0bn
The Slovakian government raised the bank tax up to 0.4% on deposits. Once the tax intake totals € 1.0bn, the tax should be abolished.
July 21, 2012
IMF: New Central and Eastern European Constituency
Austria, Belarus, the Czech Republic, Hungary, Kosovo, the Slovak Republic, Slovenia and Turkey have established a Central and Eastern European Constituency at the International Monetary Fund.
July 11, 2012
Slovakia: Flat Tax to be Abolished
This summer, the Slovakian government will resolve a package of 22 measures in order to fight public debt.
July 10, 2012
Purchasing Power in CEE Region: Czech Republic Ranks First
Among Poland, Slovakia and the Czech Republic, Bratislava records the biggest regional purchasing power. In total, the Czech Republic ranks first.
July 7, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 2012
Energochemica Enters the Prague Stock Exchnage
Energochemcia SE officially announced its intention to enter the Prague Stock Exchange (PSE). The company wants to focus on acquisitions of key energy and chemical industry companies.
June 29, 2012
Treichl: „Europe Does Not Need the Euro“
Andreas Treichl, CEO of Austrian Erste Group thinks that the European Union would work very well without the common currency. A common army would be more important.
June 25, 2012
Austria Pushes for Danube Strategy
Together with Germany, Slovakia and Bulgaria, Austria wants to implement a common transport strategy for the Danube.
June 21, 2012
Fischer Has Understanding for Bank Tax in Slovakia
Slovakia wants to introduce bank taxes. Austria´s Federal President Heinz Fischer, who met his Slovakian counterpart Ivan Gasparovic, does not have objections.
June 9, 2012
Massive Gap in Purchasing Power
Purchasing Power Parities 2012: Higher travel costs for overseas destinations; Austrians' purchasing power 40–70% above the level in Slovakia, Czech Republic and Hungary.
May 21, 2012
Vienna Airport Considers Entering at Bratislava Airport
Bratislava Airport starts a request of proposal for airport operations. Vienna International Airport is interested. In Vienna, the third rope will be built in 2016 at the earliest.
April 25, 2012
Alpine: Best Bidder in Slovakia
The Austrian construction company has good prospects to receive a major contract in Slovakia. The contract volume is € 126.3m.
April 18, 2012
Lutz Continues Expansion Program
The world´s second largest furniture house intends to grow in Eastern and Southeastern Europe.
April 7, 2012
FDI: Cautious Optimism in Slovakia
Austrian and German investors are still optimistic concerning Slovakia´s economy. The majority expects a slight acceleration of Slovakia´s economy growth.
April 3, 2012
Frauenthal Expands into Slovakia
The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.
April 2, 2012
EStAG Reports Moderate Rise in Earnings
The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.
March 30, 2012
RBI Optimizes Its Structure of Participations
EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.
March 8, 2012
Uniqa Aims for Growth in CESEE Region
The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.
March 5, 2012
Eder: „Environmental Policy Endangers Economy“
Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.
March 5, 2012
Gigasport Withdraws from Czech Republic and Slovakia
The Austrian sports brand closes twelve branches in the Czech Republic and Slovakia. 280 workers are affected.
March 1, 2012
Polytec Aims For Expanding in Asia
Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.
February 27, 2012
CSC Establishes its CEE Headquarters in Vienna
The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.
February 22, 2012
Sberbank Upgrades VBI´s Headquarter in Vienna
After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.
February 20, 2012
A-Tec´s Quota to Reach 30%
In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.
February 10, 2012
CEE Countries with Bigger Space for Higher Bond Yields
Romania, Czech Republic and Slovakia with biggest room for manoeuvre in case yields would spike; Hungary should avoid financing at +6%, says Erste Group.
February 6, 2012
3E Group Grows in Eastern Europe
The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.
January 30, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
Austrian Banks Hold € 18bn in Foreign Sovereign Bonds
At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.
January 19, 2012
Oberbank Satisfied with 2011 Results
The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.
January 17, 2012
Treichl Does Not Expect Hungarian National Insolvency
In spite of a large exposure in Hungary, Andreas Treichl, Erste Group´s CEO is optimistic. By 2014, Erste Group Hungary should be profitable again.
January 14, 2012
DiTech Raises Sales by 9.0%
The Vienna-based computer retailer recorded sales of € 105m in 2011.
January 14, 2012
RZB Issued Participation Capital
The Austrian banking group optimizes its structure by acquiring shareholdings in the Czech Republic and Slovakia.
December 30, 2011
Vienna Airport – Decline in Net Profit Due to Special Effects
Results were burdened by impairment charges and non-recurring effects relating to the Skylink terminal extension and the investment in Košice Airport. Net profit amounted to € 20.2m.
November 24, 2011
OMV to Sell Petrol Stations to Slovak Slovnaft
The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.
November 22, 2011
Conference on European Economic Integration
“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.
November 18, 2011
Vienna Airport Issues Profit Warning
Non-recurring effects and impairment charges of € 74m have a negative effect on results for the first nine months of 2011; preliminary net profit for the period falls to € 20m.
November 18, 2011
Vienna Insurance Group Reports Moderate Rise in Profits
Profit (before taxes) went up by about 10 percent to € 414.1m. Group premiums rose by 4.0 percent to € 6.8bn.
November 15, 2011
Growth Potential in CEE Banking Sector
The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets
November 8, 2011
Germans Are Savings Champions Followed by Austrians
Erste Group Savings Study: Germans save most (€ 180 per month), followed by Austrians (€ 168) and Britons (€ 160). In CEE, the Czechs and Slovaks (€ 90) are the tireless savers.
October 27, 2011
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