Ukraine in Austria | Ukrainians in Vienna | Bilateral Relations

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

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

Ukraine: Deal With IMF to be Cut in Summer

The visit of IMF mission to Kyiv did not bring the immediate results. Raiffeisen Research expects the negotiations to be rather prolonged.

February 20, 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

NBU: “Banking Industry Shows an Upward Trend”

Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.

February 18, 2013

“2012 was a good year for the domestic banking industry”

Ihor Sorkin, governor of the National Bank of Ukraine underlines that the performance of the Ukrainian banking industry was satisfying last year.

February 12, 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

Ukraine: Foreign Exchange Reserves on the Rise

International reserves increased by USD 106 million over January 2013.

February 8, 2013

IMF Is Satisfied With Progress in Ukraine

This week, the meeting between the senior officials of the National Bank of Ukraine and experts from the IMF's European Department took place in Kyiv. The co-operation will be intensified.

February 7, 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

Slight Upward Trend for CESEE Countries

The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.

February 1, 2013

NBU Expects Lower Inflation

The inflation expectations of the heads of Ukrainian enterprises have been low for the third quarter in a row.

January 28, 2013