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

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

Ukraine: Negotiations with IMF as Last Exit

Seeking for an IMF loan is the last remaining alternative for the financially stricken country.

August 6, 2013

„CESEE Will Come Back“

Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.

August 6, 2013

Ukraine’s Banking System to Approximate EU Standards

Introduction of Basel-II regulation earlier in 2013 helped banks create more reserves.

July 31, 2013

Bulgaria: South Stream Offers 6,000 New Jobs

South Stream Bulgaria´s CEO Georgi Gegov stresses the economic effect of the new gas pipeline from Russia to Western Europe.

July 18, 2013

ExxonMobil Signs Agreement with Ukrainian Government

ExxonMobil regards 45bn cubic meters of gas production realistic.

July 15, 2013

Ukraine Looking for Alternative Gas Suppliers

Gas supply from Europe to Ukraine may stimulate pricing of Russian import.

July 8, 2013

Visegrad Four Support Ukraine’s EU Integration

At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.

July 4, 2013

Ukraine Could Become Energy Hub in Europe

According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.

June 26, 2013

Alpine: Work to be Resumed At Construction Sites

Time pressure grows. Work at the closed down construction sites of bankrupt Alpine it to be resumed soon.

June 26, 2013

World Bank: EU11 Countries Remain Attractive for Foreign Investors

Despite the slow recovery of economic activity, EU11 countries nonetheless remained attractive for foreign investors.

June 14, 2013

Ukraine Leaps to Business Deregulation

One of the reform priorities for Ukraine in 2012 has become the deregulation of business activity.

June 11, 2013

Siemens VAI to Modernize Ukrainian Steel Plant

The signing of a major contract in Ukraine for Upper-Austrian industrial plant construction company Siemens VAI is in its final steps.

June 10, 2013

WKO Export Day in Vienna

On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

June 8, 2013

Ukraine: Epic to Sell Ukrtelekom

Viennese financial investor Epic plans to sell the Ukrainian telecom provider Ukrtelekom. Oligarch Akhmetov will take over 92.8 percent of Epic.

June 6, 2013

“Ukraine's European Choice Is Irrevocable”

The strong pro-European civil movement in Ukraine made the country’s European choice irrevocable, declared the head of the EU Delegation to Ukraine Jan Tombinski

May 21, 2013

Three Major Energy Companies to Withdraw from Poland

After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.

May 16, 2013

UK Believes Strongly Ukraine Should Be Part of EU

Foreign Secretary Hague affirmed the UK’s support and approval of Ukraine’s reform zeal.

May 15, 2013

Ukraine and Poland Could Be Future Leaders in Shale Gas Production

Management consultant enterprise A. T. Kearney regards Poland and Ukraine as the future European leaders in the productin of shale gas.

May 15, 2013

US: Kerry Announced Support of Ukraine’s EU Integration

US Secretary of State John Kerry announced his support for Ukraine’s move towards an EU membership.

May 13, 2013

Russian’s Policy on Belarus: Support As a Means of Subordination

Despite the conflicts and frictions in their bilateral relations, Russia has for years regularly invested in Belarus, according to the Centre of Eastern Studies.

May 13, 2013

CEE/CESEE: Banking Sector on Fastlane

The banking sector in CEE continues to outperform its Western European counterpart.

May 13, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

Joint Energy Diversification Plans for Ukraine and EU

Ukraine and EU share Energy Diversification Plans - Energy Community Official.

April 30, 2013

Erste Group Finalizes Selling Of Ukrainian Subsidiary

Erste Group finalizes the sale of Erste Bank Ukraine.

April 30, 2013

Ukraine and Ireland to Sign Double Tax Agreement

Ukraine and Ireland signed a Double Tax Agreement in Kyiv during the official visit of Irish Minister of State at the Department of Finance Brian Hayes.

April 24, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

EU Countries to Use Ukrainian Gas Storage Facilities

EU Countries Show Interest in Ukraine’s Gas Transportation System

April 19, 2013

Ukraine: Yanukovych Rejects Pardoning Tymoshenko

President Yanokovych does not consider a pardoning as long as trials continue.

April 11, 2013

Eder: Future of Voestalpine and Steel Manufacturing Industry

In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.

April 4, 2013

European Banks Leaving CESEE Countries

Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.

April 2, 2013

Austria: Alpine’s Future Sealed

The restructuring contract has been signed by banks and insurance companies. Shareholders are not affected by a haircut.

March 26, 2013

Ukraine and Deutsche Bank Signed Agreement

In order to finance the reconstruction of gas transportation system of Ukraine last year a loan agreement between the Ukrainian "UkrTransGas" subsidiary company "Naftogaz of Ukraine" and Deutsche Bank was signed.

March 26, 2013

Ukraine: Not Enough Progress

According to an evaluating report of the EU, Ukraine does not show enough progress in reforms.

March 20, 2013

Ukraine Puts More Effort in New Infrastructure

“Financing and promotion of investment projects will give a fillip for the economic development of our country.”

March 14, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Slovakia: 3.4 % Increase in Industrial Production

Slovakia's industrial output grew 3.4 percent year-on-year in January, the Slovak Statistics Office (ŠÚ) informed on Monday, March 11.

March 12, 2013

Hungary: OTP’s Profits Lower Than Expected for Q4

OTP said it had to recover from losses from previous year. Income in the core domestic business fell 17 % to HUF 94.6 bn in 2012. Still, net profits are up 46 %.

March 8, 2013

Czech Republic: Erste Group Cutting More Jobs

Because Erste Group has to save CZK 1bn (€ 39m) this year, economy measures need to be taken.

March 8, 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

Slovenia: Jansa Remains Prime Minister

Today, Slovenia´s Parliament will elect a new official head of government. However, Jansa will continue the government business.

February 27, 2013

Ukraine and EU Signed Memorandum of Understanding and Loan Agreement

Memorandum for the stability of Ukraine’s finance and economy was signed on the EU-Ukraine Summit.

February 27, 2013

Ukraine: Imports from EU Grew Stronger than Exports

EU27 surplus of 9 bn euro in trade in goods with Ukraine in 2012.

February 22, 2013

Ukrainian Banking Sector Shows Small Progress

NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.

February 22, 2013

Ukraine: Hryvnia Expected to Weaken Slightly

Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.

February 21, 2013

Bad Outlook for Ukraine´s Foreign Trade Balance

Ukraine’s external accounts have visibly deteriorated in 2012. No dramatic improvement in the balance of payments is expected this year.

February 21, 2013

Ukrainian Banking Sector Recovers

According to Raiffeisen Research, the important of foreign banks in the Ukraine is decreasing. Due a decrease in provisions, the profitability of the banking sector goes up.

February 21, 2013

Ukraine: Budget Deficit Grows Considerably

General government deficit increased to 5.5% of GDP in 2012 (from 4.2% in 2011) amid feeble tax revenue performance, Raiffeisen Research says.

February 20, 2013

Ukraine´s Economy Stagnates

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

February 20, 2013