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Turkish Dogus Group Not Interested in Hypo Alpe Adria
A high-ranking representative of Turkish Dogus Group denied that the corporation was interested in taking over Austrian bank Hypo Alpe Adria. In an interview with “Wall Street Journal” he claimed there had been no negotiations with Hypo.
September 10, 2013
Kapsch Wins Contract for GSM-R Network in Slovenia
A step towards European integration: train communications technology from Kapsch is used in more than half of all EU Member States.
September 10, 2013
Austria: Weak Growth Impulses
Today, the Austrian Institute for Economic Research (Wifo) has corrected the economic outlooks for Austria downwards. Growth impulses have been very weak so far.
September 10, 2013
Slovenian Exports Increased by 2.3 Percent
According to provisional data for the period from January to July 2013 compared to the same period of 2012 Slovenian exports increased by 2.3% while imports decreased by 0.1%; the export/import ratio was 97.6%.
September 10, 2013
Hungary May Reprogram EU Regional Aid
Hungary is faced with the reprograming of up to 5 percent or a volume of up to € 250m of its current EU regional aid.
September 9, 2013
Slovenia Shuts Down Two Small Banks
In order to ensure the stability of its financing sector, Slovenia decided to liquidate two banks, Factor Banka and Probanka. According to state officials, the step was also taken to avoid international bailout.
September 9, 2013
Slovenia: Moderate Increase in Exports
Slovenian exports increased by 1.5% the first six months.
September 9, 2013
Romania to Issue New Bonds
Romania plans to generate at least € 1bn from a second bond issue.
September 6, 2013
Austria: Spindelegger in Favor of “Creative Model“ for Banks
Deputy Chancellor Spindelegger seems willing to lead open discussions about the extension of bank levies.
September 6, 2013
Serbia: UK Enterprises Likely to Invest in Serbia
70 British companies are interested in investing in Serbia's economy.
September 6, 2013
EU Commission Threatens Croatia with Sanctions Once More
EU Commissioner Reding has not yet resolved the issue with Croatia. She announced to expect an easy change of the law.
September 5, 2013
President of Ukraine Presses for Faster Progess
President Yanukovych urges the parliament to adopt laws for a faster progress to the country’s European integration
September 5, 2013
Serbia's Government Regards Economy as Priority Issue
"Solving economic problems is a priority of the reshuffled government"- Serbian Prime Minister.
September 5, 2013
Romania: Fourth Largest Economic Growth in Q2
Eurostat:Romania reports 4th largest Q2, 2013 economic growth in the EU
September 5, 2013
Eurogroup: Greece Requires Further Aids
Crisis-struck Greece will require further support by Eurozone member countries, according to head of the Eurogroup Jeroen Dijsselbloem.
September 5, 2013
VBAG to Start Selling Process of Volksbank Malta Ltd.
The Austrian VBAG has started the selling process of its affiliate Volksbank Malta Ltd. (VB Malta).
September 5, 2013
Slovenian Finance Minister: “Enough Tax Burdens“
On Tuesday, the Slovenian Finance Minister Uros Cufer announced that enough additional tax burdens have been introduced.
September 4, 2013
President Fischer Urges Austria to “Roll Up Sleeves“
In regard to the current election campaigns, the Austrian President Heinz Fischer has urged the parties for joint efforts.
September 4, 2013
Austria: Up to € 11.7bn for Downsizing Hypo Group
Years of discussion went by; now the EU Commission has approved the downsizing plan for nationalized Hypo Alpe Adria.
September 4, 2013
Hypo: New Risky Loan Agreements Even in 2012
According to the EU Commission, risky loans were granted by ailing Hypo Group even in 2012.
September 3, 2013
Eurozone: Slight Increase of Industrial Production
Cyprus and Croatia record the largest decrease in industrial production among EU member states.
September 3, 2013
Serbia: SAA Agreement with EU in Effect
SAA agreement between EU and Serbia is now in effect.
September 3, 2013
Cyprus: Waiting for the Next Bailout Tranche
Crisis-struck member of the Eurozone Cyprus will have to wait for the next payment out of the bailout-package. Before the next tranche will be transferred the small country has to implement key measures.
September 2, 2013
“Ukraine Will Fulfill Necessary Conditions for SAA”
President Viktor Yanukovych announced during his press conference on August 29 that Ukraine will fulfill the required conditions for signing the Association Agreement with the European Union.
September 2, 2013
Poland: Economic Growth to Speed Up
According to GUS, the Polish Central Statistical Office, GDP grew by 0.8 percent in the second quarter of 2013 on a year-on-year comparison basis, which is an increase of 0.3 percent from 0.5 percent in the first quarter of the year.
September 2, 2013
EU Approves Hypo Group´s Restructuring Plan
The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.
September 2, 2013
Romania: Planning on Energy Sufficiency by 2018/19
Gas pipeline between Romania and Moldova is set to become operational this year.
August 30, 2013
Uher: “Banking Union in Eurozone Great Danger“
Thomas Uher, member of the board of directors at Erste Bank, warns of a banking union that is only limited to the Eurozone.
August 30, 2013
Turkey Wants to Become 9th Largest Economy by 2050
Turkey is hoping to become the ninth largest economy worldwide by the year 2050. Growth rates will be around 5.2 percent in the years from 2012 to 2017.
August 30, 2013
Eurozone: Unemployment at 12.1 Percent
A total number of 26.7 million persons in the European Union are unemployed, according to estimates by Eurostat, the statistical office of the European Union,
August 30, 2013
Serbia: SMEs Driver for Economy
Serbia's private sector employs 45% of the total number of employees.
August 30, 2013
Austria: OeNB Increases Growth Forecast for 2013
The Austrian National Bank (OeNB) has slightly increased its growth forecast for Austria in 2013 from 0.2 percent to 0.5 percent. Govenor Nowotny said there was a better development than expected in the second quarter.
August 30, 2013
Mersch: Banking Supervisory Could Be Delayed
At the Forum Alpbach Yves Mersch, member of the ECB’s (European Central Bank) executive board, presented himself sceptical about whether or not a punktual start of a uniform European banking supervision could take place.
August 29, 2013
VBAG: First Half Year with Losses of € 87m
Partly-nationalized VBAG made net losses in the amount of € 87m in the first half of 2013. In the first half year of 2012 high book profits caused profits to be slightly above zero.
August 29, 2013
Hypo Alpe Adria Threatened with Losses of up to € 3.5bn
According to the restructuring plan and in a worst case scenario, even more losses could amount than in the past five years together. Reports by the media say, this year alone figures never seen before could pile up.
August 29, 2013
EU Commissioner Sees First Signs of Economic Turn-Around
EU Commissioner for Economic and Monetary Affairs Olli Rehn can see the first signs of an economic turn-around in the European Union.
August 29, 2013
Romania Claims Compensations for Nabucco
Romania claims EU compensation for abandoned Nabucco project.
August 29, 2013
Austria: Faymann Mocks Schwarzenberg
The Austrian Chancellor reacts to Schwarzenberg’s criticism against Foreign Minister Spindelegger.
August 28, 2013
Croatia Backs Down in EU Arrest Warrant
In the dispute about the extradition of a retired officer of the secret service to Germany, Croatia now seems to back down to the pressure put on by the European Union.
August 28, 2013
Austria: Hypo Group in “Crisis Mode“
According to Austrian daily “Standard“, there are daily reports about Hypo Group being forwarded to the Austrian National Bank (OeNB).
August 28, 2013
Strache: „No New Aids for Greece“
Heinz-Christian Strache, leader of the Austrian Freedom Party (FPÖ), demands that further bail-out funds for Greece should be stopped immediately.
August 27, 2013
Hypo: Half-Year Results Expected August 28
In order to be able and balance, nationalized Hypo Group required € 700m in capital by the Austrian state.
August 27, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
Austria: First Chancellor’s Duel
Chancellor Werner Faymann (SPÖ) and Deputy Chancellor Michael Spindelegger (ÖVP) had their first official chancellor’s duel on TV on Monday. However, people waiting for a major dispute had been disppointed.
August 27, 2013
EU Commission: EU Integration Important for Macedonia
"EU integration continues to be important to all political parties in FYR Macedonia" - Füle
August 27, 2013
EU Commission Threatens Croatia with Sanctions
Only a few weeks after its EU Accession, Croatia is facing threats of sanctions by the EU Commission.
August 26, 2013
2013: Decisive Year for Ukraine
Ukrainian World Congress: European integration as the key to Ukraine’s independence
August 26, 2013
Bulgaria and Romania to Strenthen Relations
Bulgaria and Romania plan to strengthen relations at bilateral, regional and European level.
August 26, 2013
Czech Republic: Klaus Reconsiders Returning to Politics
On Saturday, August 24, former Czech President Vaclav Klaus told Czech Television (CT) he is “seriously considering” returning to politics.
August 26, 2013
Russia: Disappointed About Joining WTO
A year ago, Russia joined the World Trade Organization (WTO). However, the country is not satisfied with the results despite of having negotiated about joining for 19 years.
August 26, 2013
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