Slovenia in Austria | Slovenes in Vienna | Bilateral Relations
Austria and Slovenia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
RBI: Fresh Money for Slovenian Subsidiary
Raiffeisen Bank International, the third biggest lender in CESEE, injects € 10m into the Slovenian subsidiary.
November 21, 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
Slovenia Issues New Eurobonds
The issuance of a new bond in the amount of € 1.5bn on Friday came as surprise as Prime Minister Alenka Bratusek has annouced earlier no such measures will be made until the beginning of the new year.
November 18, 2013
Construction Industry Remains Weak Point of Slovenian Industrial Sector
Slovenia´s industrial sector records a decline in employment and investments. Despite the economic downward trend, the energy sector achieves growing turnover figures.
November 16, 2013
Slovenia: Net Earnings Under Pressure
The decrease in monthly net earnings goes in line with the unfavorable economic frame conditions.
November 15, 2013
Slovenian Government Wins Vote of Confidence
As expected, on Friday the Slovenian center-left government of Prime Minister Alenka Bratusek has won a vote of confidence.
November 15, 2013
EU Commission: Slovenia Makes “Key Progress”
Slovenia is among 16 EU member states that require comprehensive assessment of macroeconomic imbalances. According to a report published by the EU Commission, the small country shows significant improvement.
November 14, 2013
Slovenia Creates Major Bad Bank
In order to reduce the burden on the banking sector, Slovenia´s government wants to shift risky assets to a special purpose vehicle.
November 13, 2013
Crucial Days for Slovenia´s Government
Slovenia´s government has presented the 2014 budget to the Parliament. Prime Minister Alenka Bratusek has linked the approval to a vote of confidence. However, the budget approval is not the biggest risk factor for the ailing country.
November 13, 2013
Half of Austrians Consider the Country Stuck in Recession
According to an online survey, the Austrians are confident and not concerned by the most recent recession in the Eurozone. With a total of 87 index points consumer’s confidence remained stable in the third quarter of 2013.
November 12, 2013
Triglav: No Expansion in Croatia
The biggest Slovenian insurance company planned to increase its stake in Croatia Osiguranje. Croatia´s government rejected Triglav´s offer.
November 11, 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
Hypo Group: Urgent Need for Fresh Money
The ailing nationalized bank Austrian Hypo Group Alpe Adria has a capital shortfall of € 1.3bn. The gap must be closed before the end of the year.
November 11, 2013
Slovenia: Domestic Banks Dominate the Market
According to the EBRD, Slovenia´s banking industry is faced with a declining credit demand. A lack in funding has become less acute.
November 9, 2013
Slovenia: Ten Banks under Stress Test
In addition to the country’s three major banks, NLB, NKBM and Abanka Vipa, seven other banks are concerned by the bank stress test.
November 7, 2013
Slovenia Liquidates Two Banks
The Slovenian National Bank has approved a plan for the liquidation of Factor banka and Probanka. The capital shortfall will reach about 400m, according to estimations.
November 7, 2013
Slovenia: Banking Act Rejected by Parliament
The Slovenian parliament has disapproved of the banking act which planned to introduce bail-in rules throughout the European Union.
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
Slovenia: Petition Against Real Estate Tax Initiated
On Monday, a petition against the planned real estate tax was initiated. In an attempt to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax is supposed to bring about more than € 400m.
November 5, 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
Slovenia: Highest Contribution of GDP to ESM
As reported by Slovenia Times, the country has spent 2.8 percent of GDP for the Euro Stability Mechanism (ESM) last year.
November 4, 2013
Slovenia´s Government Hopes for More FDI
In order to promote more foreign direct investments, Prime Minister Alenka Bratusek plans to hold investment conferences across Europe.
November 1, 2013
Slovenia: Banking Act Approved
The Slovenian Parliament has voted for an amendment of the banking act. It is still unclear whether Slovenia is able to recapitalize the banking sector sufficiently.
November 1, 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
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
Slovenia: Parliament Approves Amendmends to Banking Act
Measures were taken to reduce costs for winding up of two small Slovenian banks.
October 30, 2013
IMF on Slovenia: “Cleaning Up Banks is the Priority”
The IMF urges Slovenia to restructure its ailing banking sector. Slovenia faces expensive bank aid-programs.
October 29, 2013
Banking Sector: Pressure on Slovenia Grows
The IMF calls Slovenia to re-capitalize the banking sector immediately. However, Slovenia´s financial situation is already more than tense.
October 29, 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
Slovenia: Significant Decline in Business Confidence
Sentiment indicator lower than in the previous month In October 2013 (-13 percentage points) the sentiment indicator was 1 percentage point lower than in September 2013 (-12 percentage points).
October 28, 2013
Slovenia: Bailout Comes Closer
The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.
October 28, 2013
Hypo Group to Create Bad Bank
After months of considerations, the Austrian government will decide for the bad bank. The nationalized banking group will be a major burden for the state.
October 26, 2013
Bank Asset Review: Slovenia´s Government Satisfied
According to Slovenia´s Prime Minister Alenka Bratusek, Slovenia´s government has received full support for the bank asset review. ECB´s point of view is more critical, however.
October 26, 2013
Hypo Group: Worst Expectations May be Exceeded
For the Austrian state, the ailing nationalized banking group may become a financial GSA. The legal dispute with the former owner BayernLB bears enormous dangers for Austria´s public finance.
October 25, 2013
Slovenia: NPC Increase to Above 17 Percent
The percentage of NPCs increased from 16.3 percent in June to 17.1 percent in July 2013.
October 25, 2013
Telekom Austria: Massive Capital Increase Ahead
In order to implement its expansion strategy, the Austrian telecommunication group will carry out a capital increase next year. In total, the capital requirement comes at € 1.0bn.
October 25, 2013
Public Debt: CESEE Countries Below EU Average
At the end of the first half of 2013, the EU public debt quota reached 86.8% of GDP. Western Europe´s public debt level is significantly higher than in Eastern Europe.
October 23, 2013
Slovenia: Govenor of National Bank demands “Change of Mentality”
At a lecture planned by the Institute for Middle-East and Balkan Studies (IFIMES), Bostjan Jazbec, govenor of Banka Slovenije, pointed out that the country could only blame itself for the current state it was in.
October 23, 2013
Slovenia: Real Estate Tax Wobbles
The ruling parties could not agree on a common standpoint yet. The controversial real estate tax may fail.
October 22, 2013
Slovenia: Banka Sparkasse Provided with Loan by EIB
EIB continues to support SME and mid-cap projects in Slovenia.
October 22, 2013
EBRD Analyzes Slovenia´s Difficulties
From October 21 to 25, a delegation from the European Bank for Reconstruction and Development will visit the ailing country.
October 21, 2013
“Problems in the CESEE Region Are Mainly Fundamental”
In an interview with Gazeta Wyborcza, Reza Moghadam, director of the IMF´s European Department, says that the weakness of the CESEE region is not only cyclical.
October 18, 2013
Slovenia: Massive Concerns Against Real Estate Tax
The Slovenian government plans to introduce property taxes in order to reduce the budget deficit. The opposition warns that the tax may be “highly counterproductive”.
October 18, 2013
IMF Warns of Financial Instability in CESEE
Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.
October 18, 2013
Slovenia Introduces Property Tax
In order to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax may bring more than € 400m.
October 17, 2013
Slovenia: Income Falls Persistently
Average monthly earnings for August 2013 lower than in the previous month both in nominal and in real terms. Annual earnings were down by 2.5% in real terms.
October 17, 2013
Austria: Purchasing Power Grows Slightly
According to a study published by RegioData Research, Austria could improve its level of purchasing power in the years from 2008 to 2012.
October 15, 2013
Calculated Optimism in Slovenia
Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.
October 15, 2013
Slovenia Does Not Fully Draw EU Funds
As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.
October 12, 2013
Fast News Search
This category only
