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Austria and Turkey - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Turkey in Austria | Turks in Vienna | Bilateral Relations
Expansion Course of Austrian Banks Slowed Down
After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.
January 16, 2014
CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Austrian Banking Industry Depends on Russia and Czech Republic
For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.
December 12, 2013
Austerity Cuts at Sberbank
Russian Sberbank aims to become more efficient. The management cuts about a tenth of the jobs.
November 13, 2013
Lopatka: EU Enlargement Process of Western Balkans Decisive for Austria
“Non-Enlargement” of Western Balkan states would be fatal for Austrian businesses operating in the region and the national economy.
October 31, 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
Turkey: Green Light for EU Accession Talks
On Tuesday, the EU Commission intends to give green light to accession negotiations with Turkey starting at the beginning of November.
October 18, 2013
Bulgaria Supports Trans Adriatic Pipeline
During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).
October 16, 2013
Austrians Opposed to EU Enlargement
According to a survey, the majority of Austrians are opposed to an EU Accession of Turkey and Western Balkan States.
October 16, 2013
Austrian Post: Enormous Growth Potential in Turkey
With a local partnership, the Vienna-listed Austrian Post wants to participate in the booming Turkish post market.
October 9, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
Turkey: „Perhaps We Will Never Join the EU“
Turkey´s Minister of European Afffairs Egemen Bagis stated that Turkey feels insulted.
September 23, 2013
Turkey: Enthusiasm about EU Membership Shrinks
Fewer and fewer Turkish citizens are keen on an EU membership of their country.
September 20, 2013
WKO: Austrian Enterprises Miss out on Potential in Turkey
According to a commercial councelor at the Austrian Chamber of Commerce (WKO) in Istanbul, Austria is focused too much on Eastern Europe. Switzerland exports triple the amount to Turkey.
September 19, 2013
Turkey: Industrial Turnover Index Grew 14.8 Percent
The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.
September 13, 2013
Turkey: Economic Growth Exceeds Forecasts
Turkey’s economy continues on its growth track for the 15th consecutive quarter.
September 12, 2013
Turkey: Clashes During Protests
In several Turkish cities, the police violently dispersed protest movements and used tear gas and water cannons. The latest wave of protests was triggered by the death of a 22-year-old young man.
September 12, 2013
Turkish Airlines Not Interested in Croatia Airlines
The Turkish airline carrier has denied rumors of acquiring states at Croatia Airlines.
September 11, 2013
Turkish Dogus Group Not Interested in Hypo Alpe Adria
A high-ranking representative of Turkish Dogus Group denied that the corporation was interested in taking over Austrian bank Hypo Alpe Adria. In an interview with “Wall Street Journal” he claimed there had been no negotiations with Hypo.
September 10, 2013
Turkey: Strong Industrial Production at Start of Q3
Turkey saw a strong industrial production at the start of the third quarter, according to official data, which gives hope for an improved economic growth as the country is facing more and more economic difficulties.
September 10, 2013
Turkey Wants to Become 9th Largest Economy by 2050
Turkey is hoping to become the ninth largest economy worldwide by the year 2050. Growth rates will be around 5.2 percent in the years from 2012 to 2017.
August 30, 2013
Erdogan Considers Leaving U.N.
Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.
August 26, 2013
Turkey: Overall Dissatisfaction Grows
A new poll carried out by Gallup shows that about a third of the Turks feel themselves suffering from an economic point of view.
August 25, 2013
Turkey: Capital Outflow Endangers Economic Stability
The monetary and economic stability is under enormous pressure. Turkey´s National Bank does not have sufficient reserve to support the Turkish lira.
August 24, 2013
Turkey: Tear Gas against Demonstrators in Istanbul
The police has once more used tear gas against a new demonstration of critics of the government.
August 21, 2013
Turkish National Bank to Increase Key Rate
In the fight against the downgrade of the Turkish Lira, the Central Bank of the Republic of Turkey (CBRT) has increased the key rate unexpectedly.
August 20, 2013
Turkey Wants to Stop Capital Outflow
The Turkish government plans to attract more investors. By lower taxes, foreign capital of Turkish nationals should come back to Turkey.
August 17, 2013
UniCredit: No Withdrawal from Hungary
CEO of UniCredit Federico Ghizzoni has rejected rumors about disengagement plans from Hungary.
August 7, 2013
Credit Crunch in CESEE?
The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.
August 7, 2013
UniCredit to Focus on Poland, Turkey and Russia
UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.
August 6, 2013
Turkey: Banking Sector Improves Profitability
In the first six months of 2013, net income of Turkey´s banking sector was up by 20%.
August 6, 2013
CESEE Remains Attractive for Austrian Investors
According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.
August 1, 2013
Turkey: Tear Gas Against Protesters Again
Once more, the Turkish police uses tear gas to fight off protesters.
August 1, 2013
Trend: Service Industry Drifts to CESEE
Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.
July 30, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
Turkish National Bank Raises Base Rate
Today, Turkey´s National Bank has increased the base rate from 6.5% to 7.25%. Turkey wants to prevent a devaluation of the lira.
July 23, 2013
Erdogan Attacks Banks
Turkey´s Prime Minister wants to strengthen his fight against the over-indebtedness of private Turkish households. According to Erdogan, banks are responsible for the unfavorable situation.
July 18, 2013
Turkey Considers Economic Re-Orientation
The Turkish government wants to shift its economic focus from Europe to Asia.
July 18, 2013
Turkey Suffers from Massive Capital Outflow
Due to the mass protests and the sharp political reactions, investors became suddenly much more cautious.
July 17, 2013
EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks
Euro area international trade in goods surplus 15.2 bn euro.
July 17, 2013
Moody´s Cuts Bank Austria´s Rating
According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.
July 16, 2013
Turkey: BIST Formed Partnership with US NASDAQ
Turkey's Borsa Istanbul (BIST), one of the most profitable stock markets in the emerging world, has formed a strategic partnership deal with the US-based NASDAQ OMX Group, the owner and operator of NASDAQ stock market.
July 12, 2013
Turkey: Gezi Protests Claim Fifth Life
A 19-year-old, who was seriously injured during the protets against the government in Turkey, has died in hospital. The number of fatalities has now risen to five, according to press agency Dogan.
July 10, 2013
Turkey: Gezi Park And Taksim Square Closed Again
Only a few hours after the reopening of Gezi Park, the police in Istanbul once more used violence against demontrators as they wanted to get inside.
July 9, 2013
Turkey: Government Alleged to Have Known About Project Fail
A week before the forceful clearing of Gezi Park in Istanbul, the Turkish government was supposed to know about the fact that it had lost before court with its constructions plans. Protests went on, despite of that.
July 5, 2013
Turkey: Court Forbids Reconstruction of Taksim Square
Controversial construction project led to protests and brutal police force.
July 3, 2013
Turkey Becoming Important Global Investor
According to the latest survey by UNCTAD, Turkey has become an important investor.
June 28, 2013
EU Ready for Continuing Accession Talks
The European Union’s Foreign Ministers have agreed for the continuing of Accession negotiations with Turkey.
June 25, 2013
Turkey: Prospects of EU Accession Talks Brighten
Turkey’s prospects of the continuing of the EU Accession negotiations have brightened. During a meeting in Luxembourg several foreign ministers took a much more moderate tone.
June 24, 2013
No Further EU Accession Talks with Turkey
The European Union is obviously going to blow the planned accession negotiation with Turkey next Wednesday because of the recent escalations of violence in the capital Ankara.
June 20, 2013
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