Croatia

Romania Got Denied Schengen Because of Austria's Veto

On Thursday, the 26 responsible ministers of the Schengen states held a summit in Tirana where Austria denied Romania and Bulgaria access to the Schengen area. Chancellor Karl Nehammer made reassuring statements on Saturday regarding this issue.

December 11, 2022

Defense Ministers of Western Balkans Meet in Austrian Wachau

The Defense Ministers of the Western Balkan States met today with the Austrian minister of Defense Klaudia Tanner. The meeting was about the global security challenges which include the Westbalkan states.

December 2, 2022

Austria Supports Expansion of Croatian LNG Terminal Krk

Croatia wants to expand its terminal for liquefied natural gas (LNG) on the Adriatic island of Krk far beyond its own needs and develop it into a hub for gas supply in the region - gas is also to flow from there to Austria and Germany in the future. At a meeting on Krk, Croatia's Prime Minister Andrej Plenkovic, Austria's Chancellor Karl Nehammer and Bavaria's Minister President Markus Söder agreed to support each other in strengthening energy security, diversifying energy sources and ensuring the security of supply with natural gas and hydrogen.

November 24, 2022

What is the Alps-Adriatic Economic Network?

Since 2007, the Network of Chambers of Commerce, Industry, Crafts, Agriculture and Economy of the New Alpe Adria (NAAN) has been working to deepen economic relations. It now comprises - with the new addition of Bolzano - ten chambers from Austria, Italy, Slovenia and Croatia. According to the Austrian Chamber of Commerce, with one million member businesses, NAAN is making rapid progress toward becoming an EU Alps-Adriatic macroregion. Read more to find out about the project.

November 7, 2022

Human Rights in Russia: Third Appeal to the OSCE Moscow Mechanism Since the Outbreak of War in Ukraine

The OSCE Moscow Mechanism was recently requested by 38 states, including Austria, to appoint an OSCE expert to review the human rights situation in Russia. Since the outbreak of the Ukrainian war, the Moscow Mechanism has already been contacted three times.

July 29, 2022

Weekly Briefing: Rising Migration in Austria

The Find out more about this week's developments. For Austria, new questions arise about the migration and integration of refugees. The coronavirus quarantine ends in August. Read about the latest developments in diplomacy in Vienna and Austria.

July 28, 2022

Croatian Foreign Minister Grlić Radman on a Visit to the Republic of Austria

The Foreign Minister of Croatia, Gordan Grlić Radman, met in Vienna with the Foreign Minister of Austria, Alexander Schallenberg. Further, the Croatian Foreign Minister met with representatives of the Croatian community in Austria.

July 28, 2022

Austria Supports Joint Statement for Ukraine's Case Against Russia Before the International Court of Justice

The European Union, Austria, and over 40 other nations have issued a statement supporting Ukraine's case before the International Court of Justice against Russia. In order to hold Russia accountable for its violations of international law, the Joint Statement has been released.

July 15, 2022

Weekly Briefing: Newest Developments in Diplomacy and Vienna

Read about the latest developments in diplomacy in Vienna and Austria. The Georgian Prime Minister visited Austria and Vienna enables Ukrainian displaced persons to graduate from Ukrainian high school. In addition, Austria's Chancellor visited Israel and concluded an important agreement there. Furthermore, expats in Austria appreciate the high quality of life, but do not feel welcome. Read more about this week's developments.

July 14, 2022

Croatia's Euro Accession: "Great Advantages for the Domestic Economy "

As of 1 January 2022, Croatia will officially become part of the euro area. This holds great opportunities for Austrian companies.

July 13, 2022

Three Seas Initiative in Riga for Common Ground against Russia

The Three Seas Initiative met in Riga. Austria and eleven other Central Eastern European countries accepted Ukraine as a member of the Three Seas Initiative at the Presidential Summit in Riga. Austrian President Van der Bellen traveled to Riga and appealed for unity against Russia.

June 20, 2022

Trilateral Presidential Meeting Between the Presidents of Austria, Croatia and Slovenia

Austrian Federal President Alexander Van der Bellen met with his counterparts from Croatia and Slovenia, Zoran Milanovic and Borut Pahor, in Croatia for the traditional triennial meeting. The focus is on the Euro-Atlantic integration of the Western Balkans, as well as the impact of the Russian war in Ukraine.

June 5, 2022

U.S. and UK Sanction Individuals in the Balkans

The Balkan states are plagued by corruption, which only fosters an unstable situation. The Balkans are important for the stability of Europe and especially in the wake of the Russian invasion of Ukraine, the Balkans remain important for the West. That is why the U.S. and UK have sanctioned individuals.

April 13, 2022

Effects of the Ukraine War and Perspectives for the Western Balkans from an Austrian Perspective

Since the Russian invasion of Ukraine, many European countries have been asking themselves security questions related to the immediate neighborhood of the European Union. For Austria, the main question is about its southern neighbors, the Western Balkans.

March 31, 2022

Western Balkans Trip for New Momentum against Destabilization by Russia and China

The Balkans were plagued by war 30 years ago. When Yugoslavia collapsed, the first war in Europe after World War II occurred. A policy of stability in this region is particularly important, especially in the backdrop of the unprovoked Russian invasion of Ukraine. Recently Austrian Chancellor Karl Nehammer as well as many other European politicians have traveled to the Balkan states to talk to the most important politicians and dignitaries. The EU and the U.S. have long been the central players in the Western Balkans and want to counter Russia's and China's influence in the region.

March 18, 2022

ICPDR: Contracting Parties Renew Commitment to Protect the Danube

The contracting parties to the International Commission for the Protection of the Danube River (ICPDR) reaffirmed their commitment to protecting the Danube River Basin at a Ministerial Meeting in Vienna. Read about the Management Plans adopted by the Commission and what this means for the Danube.

February 10, 2022

Vienna Economic Forum: Ambassador of Romania Becomes New Member of the Ambassadors Committee

The Romanian Ambassador in Vienna, H.E. Emilian Hurezeanu, was welcomed as a new member of the Ambassador Committee of the Vienna Economic Forum.

September 9, 2021

Croatian-Austrian Relations: Support for the Planned Schengen Accession

Croatian Foreign Minister Gordan Grlić-Radman recently met with Austrian Foreign Minister Alexander Schallenberg in Zagreb. The pair discussed the planned accession of Croatia into the Schengen area, as well as safe travel practices for the summer.

July 27, 2021

Covid-19 in Austria: These Are the Updated Entry Rules

Due to today's amendment of the Austrian "COVID-19 Entry Regulation 2021", we bring you an update on the regulations for entering Austria.

July 20, 2021

Austrian-Based EU Strategy for the Danube Region Celebrates Anniversary

The EU Strategy for the Danube Region celebrates its 10th anniversary by highlighting its importance and contribution to Europe. 14 countries with a population of around 115 million people make up one of the strongest economic forces on the European continent.

June 29, 2021

Austria Implements Funding for Ethnic Group Media

After the increase of funding for ethnic groups in Austria in general about half a year ago, Susanne Raab, the Minister of the Chancellery responsible for ethnic group affairs, has now announced a separate budget for ethnic group media, which can be applied for in the near future.

April 20, 2021

Prime Ministers from Bulgaria, the Czech Republic, Slovenia, Latvia and Croatia Meet Kurz

In order to discuss the EU vaccine distribution, the Prime Ministers from Bulgaria, the Czech Republic, Slovenia, Latvia, Croatia met Austria's Chancellor Sebastian Kurz. The country representatives demand a correction mechanism, which would erase differences in the vaccination progress between member countries.

March 17, 2021

Kaiser Apologizes for the Chaos at the Border

Governor Peter Kaiser apologized today to all people who got stuck at the borders to Austria on Saturday evening. He says that this situation should never happen again and claims that communication problems between the federal and the state government led to the chaos.

August 24, 2020

Mandatory Quarantine for Austrians in UK & Norway

The United Kingdom and Norway introduced a travel warning for Austria which leads to a mandatory quarantine for people coming from Austria. Both countries are thus reacting on the highly increasing numbers of infections in Austria.

August 21, 2020

New Timetable for European Capitals of Culture

The Covid-19 pandemic also affects the timetable for the European Capitals of Culture. Postponements and extensions are made in order to guarantee proper planning for the selected cities. In 2024, Austria should be hosting another Capital of Culture in Bad Ischl.

August 19, 2020

Austria Introduces Travel Warning for Croatia

On 17 August 2020, the Austrian Government introduced a travel warning for Croatia as the COVID-19 cases among the returning Austrian Citizen are constantly rising. From today on, they are required to provide a valid PCR-Test which should not be older than 72h to cross the border to Austria.

August 17, 2020

Croatia Welcomes Announcement of the Opening of the Austrian Border

After heavy criticism from Croatia, and after Austria was accused of sabotaging the tourist season in Croatia, the Croats now welcome the imminent opening of the border.

June 9, 2020

Opening of Borders between Austria and Italy from 16 June

As of next Tuesday, complete freedom of movement will once again apply at the Austrian-Italian border. The decision will be officially announced on Wednesday.

June 9, 2020

Austria: No more Border Controls with Neighbouring Countries except Italy

Restrictions on freedom of travel due to the Corona pandemic will be discontinued. The only country for which restrictions remain in place for the time being is Italy. A further evaluation is planned next week.

June 3, 2020

Croatia to Open Its Borders for Austrians

As of 29 May Croatia will open its borders for Austrian, Slovak, Czech and Hungarian citizens, Croatian Tourism Minister Gari Cappelli said in a statement. Additionally, the Croatian Ministry of Interior Affairs gave detailed information on requirements for entry in Croatia.

May 22, 2020

Vienna Welcomes New Ambassadors from Japan, Croatia, El Salvador, Somalia, Andorra and Nicaragua

Last week Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of Japan, the Republic of Croatia, the Republic of El Salvador, the Federal Republic of Somalia, the Principality of Andorra and the Republic of Nicaragua to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.

January 20, 2020

Meet the New Ambassador of the Republic of Croatia, H.E. Mr. Daniel Glunčić

The new Ambassador of the Republic of Croatiato Austria, H.E. Mr. Daniel Glunčić presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

January 19, 2020

New Croatian Foreign Minister in Vienna

The visit of the new Croatian Minister of Foreign and European Affairs, Gordan Grlić-Radman, to the Foreign Ministry in Vienna focused on the forthcoming EU Presidency, which Croatia will assume for the first time on 1 January 2020, as well as the possible start of EU accession negotiations with North Macedonia and Albania.

September 13, 2019

Western Balkans: Meeting of Austria with the Heads of State of Croatia and Slovenia

Traditional meeting of the presidents of Croatia, Kolinda Grabar-Kitarović, Slovenia, Borut Pahor, and Federal President Alexander Van der Bellen in the Croatian coastal town of Šibenik. The objective was more common EU foreign policy.

September 5, 2019

Telekom Austria Prepares Expansion in the Western Balkans

Telekom Austria is strategically strengthening its search for takeover targets and has made EUR 1 billion available in the war chest. CEO Alejandro Plater has announced his intention to expand again in the Western Balkans (Serbia, Croatia and other countries of former Yugoslavia).

April 11, 2018

RBI Doubles Net Profit, Pays Dividends Again and Returns to Growth Course

RBI - Raiffeisen Bank International has doubled its profit in 2017 and rewards shareholders. They have not received any dividends since 2013. The bank had to pursue a sharp austerity course, reduce international business volumes, close branches in Eastern Europe and stop dividend payments. Russia remains the most important source of income.

March 15, 2018

Historical Connection Between Klosterneuburg Monastery and Croatia

The Croatian ambassador in Austria, DDr. Vesna Cvjetković, visited the monastery Klosterneuburg, where the close historical ties became visible.

February 15, 2018

Western Balkans Summit was Held in Paris

Following the 2014 Western Balkans Summit in Berlin and the Vienna Western Balkans Summit of August 2015, the third Western Balkans Summit was held in Paris in the context of the ‘Berlin Process’. More than 500,000 of the people with migration background who live in Austria are from the region. Austrian companies have hundreds of branches or subsidiaries in the Western Balkans, which clearly illustrates the very close economic relations.

July 8, 2016

Western Balkans Countries Discussed Investment, Jobs and Integration in Vienna

The World Bank and the Vienna Institute for International Economic Studies (wiiw) held a high-level policy dialogue on ‘Investment, Jobs and Integration’ last week. Ministers and senior officials from the Western Balkans region as well as policy experts from international organisations and the business community gathered to discuss the challenges the region is currently facing, in particular the high unemployment rate, low international competitiveness, and lack of modern infrastructure.

July 8, 2016

Closing of Visa Takeover Brings EUR 97 Million Pre-Tax Profit to RBI

The expected pretax profit from the cash payment of the transaction will be EUR 97 million. It should be booked under net income from financial investments in the second quarter of 2016. Visa Inc. had announced the takeover of Visa Europe Ltd. in November of 2015. The cash payment of this one-off effect will be split between Slovakia, Romania, Czech Republic, Poland, the RBI head office, Croatia, Bulgaria, Hungary and Zuno.

June 21, 2016

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 2016

The Western Balkans Conference Which Led to Row Over Worsening Refugee Crisis

Convened on the initiative of Austrian Foreign Minister Sebastian Kurz and Austrian Minister of the Interior Johanna Mikl-Leitner, the Western Balkans conference “Managing Migration Together” was held at the Federal Ministry of the Interior in Vienna. 18 foreign and interior ministers from the Western Balkans attended the conference. The participants included the foreign and interior ministers of Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Serbia and Slovenia.

February 26, 2016

Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna

The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.

January 20, 2016

Strabag Builds Hydroelectric Power Plant in Bosnia-Herzegovina Worth € 57 Million

A consortium consisting of Austrian construction group Strabag and Croatian industrial company Končar has been awarded the contract to build the Vranduk power plant on the river Bosna on behalf of energy supply company JP Elektroprivreda BiH.

January 11, 2016

Report: Drug Money and Opiate Trafficking on the Balkan Route

A report recently launched by the United Nations Office on Drugs and Crime (UNODC) shows that the total value of illicit heroin and opium trafficked from Afghanistan to Western Europe through the Balkans amounts to some $28 billion every year. Sixty-five per cent of this total ($18 billion) is generated in Western and Central Europe.

December 14, 2015

CEE in the Autumn of 2015 is the New Safe Haven

The key conclusion of UniCredit’s CEE Quarterly 4Q 2015 is that the CEE region, despite its heterogeneity, looks better positioned than most other large emerging markets to cope with potential challenges. In particular they found that market volatility spiked in 3Q15, with the uncertainty surrounding the anticipated Fed rate hike augmented by growing worries about a “hard landing” in China.

September 25, 2015

Erste Group Presents Net Profit of EUR 487.2 Million in H1 15

Erste Group closed the first half of 2015 with positive results, reflected in strong improvements in profitability, asset quality, lending and capital. The group reported a net profit of EUR 487.2 million in H1 2015, compared to a negative result of EUR -929.7 million in the similar period last year; all countries except Hungary made a positive contribution to this development. Total assets increased to EUR 197.5 billion, compared to EUR 196.3 billion at the end of 2014. This balance sheet growth reflects a 2.2% advance in net lending to customers compared to the end of 2014, to EUR 123.5 billion, supported by the 1.7% growth in loans to households, 2.0% to SMEs and 5.9% to large corporates.

August 7, 2015

Euromoney Names UniCredit-Bank Best Bank in CEE

Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.

July 14, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

VSE and Zagreb Stock Exchange to Cooperate in Data Vending

The Zagreb Stock Exchange signed a cooperation agreement with the Vienna Stock Exchange for data vending. With this step, the Vienna Stock Exchange has enlarged its Central and Eastern Europe data vending network.

November 24, 2014
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