Turkey in Austria | Turks in Vienna | Bilateral Relations

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

Cyprus: No Hope in Sight Yet

It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.

March 20, 2013

Hungary: Number of Emigrants to Austria Increases

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

March 14, 2013

Turkey: Economic Imbalances Become More Visible

Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.

March 13, 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

Turkey: Erdogan Arouses Harsh Criticism by Equaling Fascism and Zionism

At the UN conference in Vienna Turkeys Prime Minister obtained harsh criticism for his speech. The UN distanced itself from the statements.

March 2, 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

Austria: Number of Naturalisations Increases

7 107 persons acquired Austrian citizenship in 2012.

February 18, 2013

Turkey Plans to Build First Nuclear Power Plant

In order to become energy autonomous, the country wants to put a nuclear power plant into operation in six years.

February 16, 2013

EU Foreign Trade with Russia and Turkey Growing Strongly

Last year, the EU has achieved a trade surplus of € 105bn. The trade surplus with Turkey was up by € 25bn. Exports to Russia were up by 15%.

February 15, 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

Boom Market Turkey: Overheating or an Investment Opportunity?

Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.

February 11, 2013

Erdogan Praises Slovakia´s Support for Turkey

Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.

February 9, 2013

Erdogan Met Orban in Budapest

Turkey´s Prime Minister Recep Tayyip Erdogan has met his Hungarian counterpart Viktor Orban in Budapest. Orban praised the success of Turkey´s government.

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

Turkish Airlines Expands Massively

According to CEO Temel Kotil, Turkish Airlines has an enormous growth potential. The function of Istanbul as hub between Asia and Europe is a crucial for Turkish Airlines.

February 6, 2013

Necas Supports Turkish EU Membership

On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.

February 6, 2013

Erdogan Considers Joining „Shanghai Five“

Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.

February 1, 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

Erdogan to Visit Hungary

Turkey´s Prime Minister will come to Hungary in February.

January 26, 2013

Turkey Plans to Build World´s Biggest Airport

Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.

January 23, 2013

Nabucco: Decision Will Be Announced by Mid-2013

The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.

January 21, 2013

Strong Political Support for Nabucco

Nabucco countries acknowledge the ministerial declaration extending legal and regulatory framework to Nabucco West.

January 19, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)

Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.

January 15, 2013

Austrian Federal Competition Authority Approves Verbund´s Deal in Turkey

The Austrian energy group Verbund sells its stake in the Turkish joint venture Enerjisa to German E.ON. In return, Verbund gets E.ON´s hydro power plans in Bavaria.

January 11, 2013

Shah Deniz Consortium to Enter Nabucco Project

Today, the Nabucco´s shareholders and the Shah Deniz Consortium agreed on a joint declaration.

January 10, 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

EU Accession: Turkey Shows Self-Confidence

Turkey puts further pressure on Brussels. Until 2023, Turkey wants to become a EU member country.

January 4, 2013

New Hope for Nabucco

The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.

December 22, 2012

Bank Austria: Poland and Turkey are Most Attractive

According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.

December 19, 2012

Turkey: „The EU Needs Us“

On the occasion of a visit in Hungary, Turkey´s Minister of European Affairs Egemen Bagis argued that the EU would benefit from Turkey´s accession.

December 11, 2012

Turkey Is Losing Momentum

Turkey´s economic growth begins flatten. In the third quarter, GDP growth only reached 1.6%.

December 10, 2012

Southeast Europe Agrees on Growth Strategy

In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.

December 8, 2012

OMV and RWE Talk About Stakes in Nabucco

The German energy group plans sells its shares to Austrian OMV. OMV´s CEO Roiss expects that the consortium of Nabucco will change.

December 8, 2012

Bulgaria Puts Pressure on Nabucco

Bulgaria wants the Nabucco project to start as soon as possible.

December 5, 2012

Sberbank Intensifies its Relations with Turkey

In future, the Sberbank of Russia is to step up its activities in Turkey and on December 3, 2012 signed two landmark agreements to this end.

December 5, 2012

Verbund Focuses on Hydro Power

After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.

December 4, 2012

Verbund Sells Enerjisa to E.ON

Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.

December 3, 2012

Porr: Renaissance Group to Enlarge its Interest

The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.

November 23, 2012

Verbund Leaves Turkey

The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.

November 23, 2012

South Stream Pipeline: Construction Works to Begin in December

The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.

November 12, 2012

Fitch Raises Turkey´s Rating

According to the U.S. rating agency, the Turkish economy performs well and became stable.

November 5, 2012

Erdogan Tries to Put Pressure on EU

The Turkish Prime Minister Recep Tayyip Erdogan warns of postponing the EU accession of his country.

October 31, 2012

„Strengthening Relation with Russia“

Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.

October 25, 2012

Siemens Austria Builds Wind Power Plant in Turkey

The Austrian subsidiary of the German technology group has received a major order from Turkey.

October 20, 2012

RHI Begins to Downsize in Europe

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

October 18, 2012

Verbund Does Not Exclude Sale of Enerjisa

The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.

October 12, 2012