Austria and Ukraine - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
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Ukraine in Austria | Ukrainians in Vienna | Bilateral Relations

Vienna Insurance Group in Ukraine: Strong Start to 2014

Double-digit premium growth.

April 1, 2014

Austria: Economic Recovery Remains Modest

Political clouds over economic recovery.

April 1, 2014

Sikorski: Ukraine Close to Deal with IMF

Poland´s Minister of Foreign Affairs Radoslaw Sikorski explained that the talks between the IMF and Ukraine have made substantial progress.

March 29, 2014

Conwert to Withdraw from CESEE

The Vienna-listed real estate group wants to sell its assets in Central, Eastern and Southeastern Europe. The sales proceeds are expected to reach up to € 200m.

March 29, 2014

RBI to Keep Hungarian and Ukrainian Affiliates?

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

March 27, 2014

Poland to Fulfill EU Commission’s Regulations

According to Polish Finance Minister Mateusz Szczurek, Poland will have no difficulties fullfilling the standards set by the European Commission with regard to the budget deficit.

March 27, 2014

RBI: Profit Shrinks by Almost A Quarter

RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.

March 27, 2014

Raiffeisen Group: Uncertain Future

On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.

March 26, 2014

Poland: Good Starting Point for Economic Growth

Economic growth for 2014 is expected to accelerate to 3.1 percent to 3.2 percent in the first quarter while for the full year it is anticipated to come at 3.5 percent, according to Polish Economy Minister Janusz Piechocinski.

March 26, 2014

Poland: Economy Proves Immune to Ukrainian Crisis

According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.

March 26, 2014

Poland: Promising Years Ahead

Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.

March 25, 2014

Serbia Wants to Keep Balance Between Russia and EU

Serbia´s Prime Minister Ivica Dacic does not want to stab Russia in the back. At the same time, Dacic keeps an eye on Brussels.

March 24, 2014

Czech Growth to Speed Up

Due to the increase in foreign demand, the advisory company EY expects the Czech economy to revive this year.

March 24, 2014

Faymann Does Not Rule Out Economic Sanctions Against Russia

Austrian Chancellor Werner Faymann wants to avoid further conflicts with Russia and to put effort into diplomacy instead. Economic sanctions are no taboo, though.

March 24, 2014

Zeman Wants Ukraine to Cooperate with Brussels

According to Czech President Milos Zeman, Russia´s occupation of the Crimea is a “cold-bloodedly” step against the Ukraine. The crisis-ridden country should work together more closely with the EU.

March 22, 2014

Low Inflation Still No Threat to CEE

Currencies in CEE should not be affected by low inflation, according to Erste Group.

March 19, 2014

Poland: PKO BP Cuts Down on Business in Ukraine

The Polish top lender PKO BP’s Ukrainian affiliate Kredobank closed four of its six branches in Crimea in the past two weeks.

March 18, 2014

Belka: Poland Should Not Haste into Eurozone

Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.

March 17, 2014

Austria: Delay in RBI Paying Back State Capital

Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.

March 15, 2014

CEE: Investments to Boost Economic Growth

In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.

March 13, 2014

Poland: “Time for Belt-Tightening”

Poland is required to cut the deficit in the public finance sector.

March 13, 2014

RBI Rejects Rumors of Delayed Pay-Back of State Aids

RBI is expected to pay back € 1.75bn in public state aids.

March 12, 2014

Bank Austria to Focus on Growth Markets in the Future

Because of the high value of write-offs Bank Austria, CEE affiliate of Italian UniCredit, had to face record losses amounting to € 1.6bn. CEO Willibald Cernko, however, does not consider the bank having made any mistakes in the past.

March 12, 2014

Losses Running into the Billions for Bank Austria

Bank Austria’s results for the 2013 financial year.

March 11, 2014

Polish Currency Still Affected by Ukrainian Crisis

The Polish Zloty continues to be unstable in the light of the political crisis in Crimea.

March 10, 2014

CEE Countries Condemn Russian Intervention in Ukraine

Foreign Ministers of the Visegrad countries (Poland, Czech Republic, Slovakia and Hungary) want to strengthen the EU defense policy. Poland intensifies its military cooperation with the U.S.

March 8, 2014

Austrian Banking Sector Fears New Crisis in Russia

For both Bank Austria and Raiffeisen Bank International, the crisis in Ukraine is an enormous threat. What is more, Russia might develop into a serious danger for foreign banks.

March 8, 2014

Ukrainian Crisis: Czech Republic Against Sanctions

Instead of economic sanctions against Russia, diplomatic talks should de-escalate the tense situation. President Zeman wants to create a Ukrainian Federation.

March 8, 2014

Hungary: OTP Bank’s Profits Vanished by Provisions and Taxes

A decrease on the operating profit, increasing risk provisions and taxes drained almost all profits made in the fourth quarter last year.

March 7, 2014

Czech Republic: Ukrainian Crisis Has Little Impact on Economy

The economic interdependence between the Ukrainian and Czech economy is very limited. The unrests in the East European country will not affect the Czech economy.

March 6, 2014

Poland Reconsiders Joining Eurozone

The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.

March 5, 2014

Polish Financial Market Proves Strong

The financial market in Poland is resistant towards negative impacts resulting from the current political crisis in neighbor country Ukraine.

March 5, 2014

Banks Striving to Leave Ukraine

While Austrian insurance companies intend to stay on the Ukrainian market banks are facing write-offs running in the billions.

March 5, 2014

Raiffeisen Bank International Postpones Sale of Ukrainian Affiliate

Due to the extremely tense situation in Ukraine, the second-largest lender in CESEE (Central, Eastern and Southeastern Europe) has stopped the sale of Aval Bank.

March 3, 2014

Ukraine: Poland Wants to Put Pressure on Russia

Poland´s President Bronislaw Komorowski underlined that the U.S. has given assurances on Poland´s security. Prime Minister Tusk calls for solidarity with Ukraine.

March 3, 2014

Hypo Group: Risk Identified Already in 2009

Three months after a report on the risk and susceptibility to fraud of Hypo Group’s leasing affiliates was published by PwC, ailing Hypo Group was nationalized.

March 3, 2014

„The World is Close to an Enormous Conflict“

Poland´s Prime Minister Donald Tusk is highly concerned about the developments in Ukraine. Tusk warned insistently of an escalation of the conflict, which might entail “unforeseeable consequences”.

March 2, 2014

Uniqa: „We Will Not Leave Ukraine“

Andreas Brandstetter, CEO of the Austrian insurance group is “highly satisfied” with the Ukrainian affiliate.

March 1, 2014

„EU Did Not Care About Ukraine“

Herbert Stepic, former CEO of Raiffeisen Bank International, criticizes the EU fiercely.

March 1, 2014

Polish Currency Suffers from Instability in Ukraine

The Polish Zloty has become weaker because of the political instability in Ukraine.

February 28, 2014

Austria/Ukraine: Bank Accounts of Former Leading Politicians to be Frozen

Austria imposes unilateral sanctions against 18 members of the overthrown Ukrainian regime. Among the high-ranking officals are former president Viktor Yanukovych and his son Oleksander Yanukovych.

February 28, 2014

Austria: Bank Accounts of Ukrainians to be Frozen

At the instigation of the new Ukrainian government Austria will freeze the bank accounts of 18 Ukrainians at domestic banks until further notice.

February 28, 2014

Austrian Banks with Significant Exposure in Ukraine

Ukrainian crisis hits Western Banks in different state compared to 2008/09, according to RBI.

February 27, 2014

Ukraine: Austrian Banks Reopened Branches

After the political disaster in the Ukraine all bank shops in the country’s capital Kyiv have opened again on Monday.

February 25, 2014

CEE Financial Markets under Pressure as Riots Continue in Ukraine

CEE markets under pressure as Ukraine violence heats up. Biggest direct risk to Polish Zloty, but also to Hungarian Forint and Romanian Leu.

February 21, 2014

RBI Closes All Affiliates in Kyiv

Because of the most recent violent outbreaks in Kyiv the Ukrainian affiliate of Raiffeisen Bank International (RBI) has closed its affiliates in the country’s capital

February 21, 2014

Polish Insurer PZU Closes Offices in Ukraine

Because of the ongoing riots in the Ukrainian capital Kiev, state-controlled insurance company PZU decided to shut down two offices.

February 20, 2014

Austria Most Popular Country among Hungarians

93 percent of Hungarians feel compassion towards Austria.

February 19, 2014

Ukraine: Tough Market for Foreign Banks

The coming two years will be challenging for foreign banks operating in Ukraine.

February 11, 2014

Ukraine: RBI Examines Offers

Raiffeisen Bank International (RBI) has received a total of twelve offers for its Ukranian affiliate.

February 10, 2014