Western Balkan Countries in Austria | Bilateral Relations
Austria and the Western Balkans as a Region (Albania, Bosnia & Herzegovina, Kosovo, Macedonia, Montenegro, Serbia). See also each country individually.
Dramatic Capital Outflow in CESEE
The countries of Central, Eastern and Southeastern Europe suffer from the dependence on foreign investments. Despite the economic recovery, FDIs are falling persistently.
February 15, 2014
EU Puts Limit to State Aids for Hypo Group
So far, € 4.8bn in capital aids had to be injected into ailing bank Hypo Group Alpe Adria. According to an EU statement, the Austrian state is only permitted to spend € 3.65bn on Hypo Group.
February 14, 2014
CEE: Still Growth Market in Real Estate Sector
The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.
February 10, 2014
Bosnia: Protests Go On
After a number of political step-downs, the protests in Bosnia do not come to an end. The protest movements wants to take back controversial privatizations and the state presidium to step down.
February 9, 2014
Bosnia: Protest Movement Calls for Revolution
After the most serious riots since the end of the civil war, the violence has stopped for the time being. Nevertheless, the mood is still more than tense.
February 8, 2014 · Updated: February 8, 2014; 13:33
Bosnia: Protests Turn Into Violence
Due to the extremely tense social situation in the Balkan country, first protests turned into violence.
February 7, 2014
“Fragile Recovery in CEE Banking Sector”
According to the U.S. rating agency Fitch, the banking sector in Central and Eastern Europe is highly heterogeneous.
February 6, 2014
CESEE: Stuck in Transition or Just a Break?
Despite all difficulties in Central, Eastern and Southeastern Europe, the region remains essential for Austria. The long-term growth potential remains intact.
February 6, 2014 · Updated: February 6, 2014; 13:41
EBRD: CESEE Not Under Pressure Yet
According to the European Bank for Reconstruction and Development, most countries in CESEE are relatively unaffected despite the renewed pressure on emerging markets.
February 4, 2014
„We Must Watch CESEE Very Carefully“
In an interview with the Austrian daily „Standard“, board member of Österreichische Kontrollbank AG Angelika Sommer-Hemetsberger said that the economic crisis in CESEE is not over yet.
February 3, 2014
Uniqa Kosovo Grows Twice as Quickly as Market
Premium volume up 22.9 per cent in the first nine months of 2013. Non-life grows twice as quickly as the market
January 30, 2014
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
CESEE: Overtaking Western Europe Not Before 2055
According to the European Bank for Reconstruction and Development, the transition period of Central, Eastern and Southeastern Europe will take longer than initially expected.
January 29, 2014
Uniqa Montenegro Increases Market Share
Market share expands to 14.6 per cent. Non-life premium volume increases to 6.7 million euros.
January 28, 2014
EBRD Presents New Strategy for Bosnia
The new strategy focuses on the development of small and medium-sized enterprises and the exporting industrial sector.
January 25, 2014
Another Emergency at Hypo Group Alpe Adria
The series of bad news does not come to an end. After enormous capital injections in 2013, the nationalized Austrian lender again needs help from the Austrian state.
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
Considerable Differences Across European Mortgage Markets
According to Fitch Ratings, the performance of European residential mortgage markets as a whole has improved. In Southeastern Europe, by contrast, the recovery will take some more time.
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
Croatia Supports Albania in EU Accession Course
Albania hopes that EU Accession Negotiations will take place in June 2014.
January 22, 2014
“No Real Wage Loss This Year“
In terms of real wages, Austria may face a trend reversal this year. In Southeastern Europe, by contrast, poverty is growing considerably.
January 21, 2014
Uniqa Serbia Continues to Grow
Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.
January 20, 2014
CESEE: Lack in FDI Causes Modest Economic Growth
The International Monetary Fund (IMF) is cautiously optimistic about economic growth in CESEE.
January 14, 2014
Basel III Framework to be Softened
The Basel Committee´s oversight body has amended the leverage ratio rules. For the banking industry, this step is an important success.
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
Romania: Slight Increase in FX Reserves
In December 2013 FX reserves increased slightly compared to the previous month.
January 7, 2014
Raiffeisen Bank International AG - SWOT Analysis & Company Report 2014
This new report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains an overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
January 6, 2014
Southeastern Europe Endangered of Civil Unrests
According to the Economist Intelligence Unit, several CESEE countries may face civil unrests in 2014. In particular, Southeastern Europe is in the danger zone.
January 4, 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
Slovenia: FDI to Remain Low in 2014
No improvement in increasing foreign direct investments in Slovenia is expected this year. The country has one of the smallest shares in inward FDI among EU member countries.
January 2, 2014
Hypo Group: Austrian Government Seems Aimless
Although the restructuring of the nationalized Austrian lender is one of the most pressing issues, the Austrian government could not present a sound concept yet.
December 27, 2013
„CESEE No Driver Yet“
Birgit Kuras, CEO of Vienna Stock Exchange, thinks that the Vienna Stock Exchange is highly influenced by the CESEE operations of listed companies.
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
Austria: New CEO for Hypo Group Alpe Adria
The search for a new CEO for Hypo Group has ended. On Friday the bank has found a new head of the management board since the position was vacant after Gottwald Kranebitter’s resignation this summer.
December 20, 2013
Macedonian Banks Should Support Private Sector
Deputy Prime Minister and Finance Minister Stavreski calls upon Macedonian banks to support the private sector.
December 18, 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
Emerging Markets Face Decrease in Risk Appetite
Foreign investors become more and more cautious about investing in emerging markets. Regions like Central, Eastern and Southeastern Europe are highly dependent on foreign sentiments.
December 14, 2013
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
Austrian Banking Sector: € 35bn NPL
Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.
December 9, 2013
Sale of Hypo Group: Small Number of Potential Buyers
In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.
December 7, 2013
Economic Recovery in CESEE Supported by Exports
According to the GDP data for some Central and South Eastern European countries published today, economic recovery was backed by a strong increase in export activity.
December 5, 2013
Bank of Albania Presses for Agreement with IMF
The Albanian economy from short-term adjustment toward long-term sustainable growth. Why Albania needs an agreement with the IMF.
December 4, 2013
Uniqa on Successful Growth Path in Bosnia and Herzegovina
Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.
December 3, 2013
Bosnia: NPLs Increasing Dramatically
Almost 15 percent of the total volume of loans in Bosnia are bad.
December 2, 2013
Sevelda: „We Are Close to the Breaking Point“
In a guest comment published by the Austrian business magazine Format, CEO of Raiffeisen Bank International Karl Sevelda refers to the high burden for Austrian banks.
November 29, 2013
„We Can Exclude a Bankruptcy of Hypo Group”
Ewald Nowotny, governor of the Austrian National Bank (OeNB) and Klaus Liebscher, head of Hypo Group´s supervisory board argue that the nationalized bank will be downsized according to plan.
November 29, 2013
CESEE: Slight Growth Acceleration, but Uncertainties Persist
The Vienna Institute for International Economic Studies (wiiw) has published the economic forecast for the CESEE region today. The economic performance varies substantially from country to country.
November 28, 2013
Serbia: Inflation Rate at Lowest Level in a Decade
The Western Balkan country is expected to reach the lowest inflation rate in ten years.
November 25, 2013
Wide Parts of CESEE Region Below Pre-Crisis Level
In terms of economic output, a large number of CESEE countries have not reached the level of 2008 yet. The growth outlook remains cautious.
November 25, 2013
Albania: Governor Calls For Measures for Balanced Financial System
Financial institutes in Albania are struggling with a weak demand in credits as the country has been affected by the economic and financial crisis.
November 20, 2013
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