RSS
Austria and the U.S. - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
The United States of America in Austria | American Expats in Vienna
VSE and Kazakhstan Stock Exchange to Intensify Cooperations
Vienna Stock Exchange (VSE) and Kazakhstan Stock Exchange intensify cooperation – joint data vending agreed.
January 30, 2014
S&P to Establish CEE Center in Poland
Warsaw will be the new CEE focal point of Standard&Poor;’s (S&P) as the US rating agency announced establishing an office in Warsaw.
January 29, 2014
Restrained Optimism in Polish Financial Market
According to Finance Minister Szczurek, the Polish Financial Market will have to face another challenging year.
January 27, 2014
Poland: More than Half of Borrowing Needs Covered
In CESEE, governments are in a hurry. The Polish government announced that about 50% of the borrowing needs could be covered in the first three weeks of 2014.
January 24, 2014
Austria: OeNB Forecasts Modest Economic Growth
According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.
January 24, 2014
Serbia: World Bank Delays Loan
The World Bank has delayed a loan in the amount of US-$ 250m for Serbia.
January 24, 2014
CESEE: Recovery Remains Modest
The European Bank for Reconstruction and Development (EBRD) has published a report on the regional economic prospects. The economic recovery in CESEE remains fragile.
January 23, 2014
Insurance Industry Faces Growing Risks
According to the U.S. rating agency Fitch, insurers in Europe have to accept riskier investments. Ratings may deteriorate, Fitch warned.
January 22, 2014
„Only A Catastrophy Will Bring a Change“
Bestselling author Marc Friedrich criticizes the IMF sharply and thinks that the Basel III framework is “ridiculous”. The U.S. monetary policy is “doomed to failure”.
January 21, 2014
Austria: Fischer Calls Upon Respect of Human Rights
At the New Year Reception for the diplomatic corps in Austria, President Heinz Fischer called upon the strict compliance to human rights.
January 20, 2014
Erste Group: Moderate Economic Recovery in Eurozone
Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.
January 20, 2014
Kotian: “Growth in CEE is Accelerating“
In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.
January 20, 2014
Slovenia: Controversies over Ambassador’s Statements
Joseph Mussomeli, US ambassador to Slovenia, needs to justify himself to the Slovenian Foreign Ministry over his statements about the country’s independence.
January 17, 2014
Hungary: Forex Loan Problem to be Solved
According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.
January 17, 2014
Slovenia Attracting FDI from US and UK
The Slovenian Ministry of Finance is taking great efforts to attract investors from the US and the UK.
January 17, 2014
$ 1.0trn Capital Shortfall in European Banking Sector?
According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.
January 16, 2014
Citizens from CEE Major Benefit for EU
A current paper published by the OECD shows that the European Union benefits from migration of Eastern European citizens as they compensate imbalances in the labor markets.
January 15, 2014
Sajdik New Chairman of UN ECOSOC
The Austrian diplomat Martin Sajdik became President of the Economic and Social Council, which is one of the most important bodies of the UN.
January 15, 2014
Nowotny Sees Growth Potential in Eurozone and CEE
According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.
January 14, 2014
Poland to Cover Borrowing Needs Early
The biggest CESEE economy wants to raise cash before the U.S. FED begins to reduce its asset buying program. The CESEE region will absorb the monetary shock, though.
January 13, 2014
Europe/CESEE: Heavy Trade in Distressed Assets
Until 2018, European lenders will offload about 300bn of bad debts, according to PwC. Above all, U.S. private equity firms are taking the opportunity.
January 11, 2014
RBI Expects Growth to Accelerate in 2014
2014 marked by growth recovery, according to RBI Research.
January 9, 2014
Orco Property Group: Cut in Number of Board Members
Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.
January 8, 2014
Romania: Slight Increase in FX Reserves
In December 2013 FX reserves increased slightly compared to the previous month.
January 7, 2014
European Union: Private Trading of Banks to be Restricted
The European Union intends to severly restrict risky private trading of banks.
January 7, 2014
CEE: Economic Sentiment Cautiously Optimistic
The economic sentiment for Eastern European countries is becoming more optimistic, however, only cautiously. Poland is on top of the list of economists at JP Morgan.
January 2, 2014
Bank Austria Considers Establishing Sub-Brand
In the next years, the Austrian subsidiary of Italian UniCredit wants to put more effort into the development of the mobile and online banking segment.
December 31, 2013
UniCredit Sells Bad Assets to Cerberus
The majority shareholder of Austrian Bawag acquires a portfolio worth €950m.
December 27, 2013
Austria: Industrial Output Shrinks
In October the industrial production in Austria declined.
December 23, 2013
CESEE: Dependence on Foreign Demand Remains Main Obstacle
In 2014, Central, Eastern and Southeastern Europe (CESEE) faces a slight upward trend. The structural difficulties persist, however.
December 21, 2013
Wifo: Sluggish Growth Because of Weak Consumption
According to Wifo’s (Austrian Institute of Economic Research) prognosis for the coming years, economic upturn in Austria will remain flat because of weak consumption.
December 19, 2013
CESEE: More Robust than in 2008
The U.S. Federal Reserve wants to reduce its easing policy gradually. For emerging markets, the end of the loose monetary policy may prove challenging.
December 17, 2013
Poland: Budget Bill Approved by Lower House
On Friday, the Polish lower house Sejm approved next year’s budget bill which schedules the budget deficit of PLN 47.6bn not to be exceeded.
December 16, 2013
Serbia: World Bank Attaches Loan to New Laws
The World Bank has attached the loan in the amount of US-$ 250m (€ 183m) for Serbia to the implementation of three important laws within this year still.
December 10, 2013
ECB Considers Restricting Credits
The ECB takes the option of restricting banking to industrial enterprises only into consideration.
November 27, 2013
Capital Shortfall at European Banks
According to Boston Consulting Group, European Banks still have much work to do.
November 19, 2013
Slovenia Issues New Eurobonds
The issuance of a new bond in the amount of € 1.5bn on Friday came as surprise as Prime Minister Alenka Bratusek has annouced earlier no such measures will be made until the beginning of the new year.
November 18, 2013
Romania: Fitch Rating for Three Banks Affirmed
Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.
November 14, 2013
Austria: Bawag to Pay Off Further State Capital
Today CEO Byron Haynes announced that Bawag will pay back a further tranche of the bank state aid injected in 2009.
November 13, 2013
Bawag Investor Cerberus to Leave?
Rumors have it that US fund Cerberus will sell his share in Austrian bank Bawag. According to head of Bawag, Byron Haynes, a selling process has not yet begun.
October 31, 2013 · Updated: November 5, 2013; 17:30
Banks Jeopardize Austrian Triple-A Rating
In case further aids will become imminent, Austria could lose its rating.
October 31, 2013
US Investors: Austrian Industrial Location Loses in Attractiveness
According to a study carried out by the American Chamber of Commerce (AmCham), the quality of the Austrian industrial location is seen ambiguous.
October 25, 2013
Bulgarian President Calls for TTIP
Bulgaria’s economy would benefit from a free trade agreement between EU and USA.
October 25, 2013
H.E. Ambassador Alexa Lange Wesner, U.S. Embassy Vienna, presented her credentials to the Federal President of Austria
Ambassador Alexa Lange Wesner presented her credentials to Dr. Heinz Fischer, the Federal President of Austria on 22nd October 2013 and took charge as U.S Ambassador to Austria.
October 23, 2013
Amazon to Open Distribution Centers in the Czech Republic
The world’s largest online retailer Amazon plans to create 10,000 jobs in the Czech Republic within the next three years.
October 22, 2013
Bill Gates Becomes Second-Largest Shareholder in FCC
Spanish construction company and parent company of Austrian Alpine has a new shareholder: Founder of Microsoft Bill Gates has aquired a participation of around six percent.
October 22, 2013
Nowotny Demands Same Rules for All Banks
Govenor Nowotny urges for a discussion about the capital requirements (Basel III) for banks, which applies only for the major banking institutes in the US but for all banks in Europe.
October 18, 2013
Austria: Voestalpine Expects Same Results as 2012
CEO Wolfgang Eder expects the same level in profits as last year.
October 17, 2013
Bank Austria: Economic Recovering in Small Steps
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
October 16, 2013
Moody’s: Poland Threatened by Outflow of Foreign Funds
Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.
October 14, 2013
Fast News Search
This category only
