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Poland: FDI Inflow Increases Decently
Last year, Poland recorded only a small increase in foreign direct investments.
January 17, 2013
Bulgarian Capital Account Deteriorates
In Q3 2012 the trade balance deteriorated by € 203.5m compared to the same period of 2011, which was entirely due to the increase of the export of investment goods following the recovery of investment activity in the country.
January 14, 2013
Russia´s Budget Deficit Higher than Expected
This year, Russia will record a budget deficit of 0.25% of GDP.
December 20, 2012
Serbia: Government Demonstrates Optimism
Serbian Minister of Economics Mladjan Dinkic expects that the country´s exports will grow substantially in the next years.
December 7, 2012
Poland: Foreign Direct Investments Grow Massively
Last year, the U.S. was the biggest investor in Poland. Regarding the EU budget, Prime Minister Tusk emphasizes that cohesion funds must not be cut.
November 26, 2012
Nowotny: „CESEE Needs New Growth Model“
Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.
November 26, 2012
9,500 Multinational Companies in Austria
Austria´s Minister of Social Affairs Rudolf Hundstorfer stresses the importance of multinational companies.
November 23, 2012
Serbia Attempts New Economic Reforms
The Serbian government does not only want to pursue a strict austerity policy. The country aims to become more attractive for international investors.
November 17, 2012
Austria Third Largest Investor in Czech Republic
According to the Czech President Vaclav Klaus, his Austrian counterpart Heinz Fischer and the President of the Austrian Chamber of Commerce Christoph Leitl, the bilateral trade relations are expandable.
November 14, 2012
Romania Hopes for New IMF Loan
The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.
November 13, 2012
Slovenia and Austria to Deepen Co-Operation
The Slovenian Minister of Economics Radovan Zerjav and the President of the Austrian Chamber of Commerce Christoph Leitl want to intensifiy the economic co-operation.
November 8, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
Austrian-Ukrainian Trade Relations Show Development Potential
According to Richard Schenz, Vice President of WKO (Austrian Chamber of Commerce), the economic relations between Austria and the Ukraine are excellent.
October 25, 2012
„Strengthening Relation with Russia“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.
October 25, 2012
“Austrian businesses pursuing expansion in Vietnam”
Great potential in the future-oriented energy, environmental and education sectors.
October 24, 2012
Kazakh President Nazarbayev in Austria
Today, the Kazakh President Nursultan Nazarbayev was received by the Austrian President Heinz Fischer. The Austrian industry hopes for orders worth € 500m.
October 22, 2012
Austrian Trade with Russia is Booming
This year, the Austrian Chamber of Commerce expects new record results. Above all, South Russia is perceived as future market.
October 18, 2012
Dacic: „Reforms, Attracting Investments and Starting EU Integration“
The Serbia Prime Minister Ivica Dacic underlined that the government will implement reforms in order to stop the economic crisis.
September 26, 2012
Macedonia to Stimulate Economic Growth
Due to the recession in the Eurozone, exports are shrinking. Next year, Macedonia will overcome the crisis, the local government says.
September 24, 2012
„Turkey has a Right of being a EU Member“
On the occasion of a visit in Vienna, the Turkish Minister of Economics Zafer Caglayan complains about the “disingenuous manner” of the EU towards Turkey. In the end, only Turkey will decide on the accession.
September 19, 2012
Polands FDI Level Stagnates
Compared to 2011, the size of foreign directed investments in Poland stays almost unchanged.
September 18, 2012
Bulgarian President Wants to Attract Austrian Investors
On the occasion with a meeting between the Bulgarian President Rosen Plevneliev, the Austrian President Heinz Fischer and Lower Austria´s governor Erwin Pröll, Plevneliev underlined the importance of Austrian investors for Bulgaria.
September 17, 2012
Bulgaria: Massive Increase in Foreign Direct Investments
In the first seven months of 2012, FDI was up by 125%. The Netherlands was the biggest investor.
September 15, 2012
Austria Second-Largest Investor in Slovakia
Foreign Minister Spindelegger opens new Austrian Embassy premises in Bratislava and underlines the close economic ties between Slovakia and Austria.
September 14, 2012
Orban to Visit Germany
In October, Hungary´s Prime Minister will be on an official state visit in Berlin in October.
September 12, 2012
S&P: Foreign Currency Loans Endanger Austrian Banks
According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.
September 6, 2012
Slovenia „No Problem for Austrian Banks“
Although Austria is the biggest investor in Slovenia, the Austrian banking industry does not fear a national bankruptcy.
September 5, 2012
Slovakia Records Growing Current Account Surplus
In the first five months of 2012, Slovakia´s current account surplus reached € 1.24bn. Against the reference period of 2011, this is an increase by € 350m.
September 4, 2012
Hungary: Foreign Direct Investments Declining
Against the reference period of 2011, investments in Hungary were down by 6%.
September 3, 2012
IMF: Austria Must Prevent Spillover Effects
The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Austria. The Austrian banking sector is “overly ambitious” in the CESEE region, IMF says.
September 3, 2012
Investment in Czech Republic Still Below Pre-Crisis Level
The global financial crisis, which originated in the USA in 2007 also hit the Czech Republic quite hard despite the fact that neither its internal nor external imbalances were excessive, the Czech Central bank stated.
August 24, 2012
Global Increase in Direct Investments made by Austrian Companies
In addition to CEE/SEE countries, growth in Austrian direct investments was also seen in Germany, Russia and Turkey.
August 21, 2012
Hungary: Most Foreign Firms from Austria
In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%
August 7, 2012
Polish Business Service Sector Booming
In 2011, 38 new business service centers were established in Poland. The number of employees doubled since 2009.
August 4, 2012
Polish Industrial Sector Shrinks
Last month, the Polish purchase manager index could recover. Nevertheless, there is no tendency of growth yet.
August 3, 2012
„Competitors are Still Far Away“
Vienna is under pressure. The Austrian capital has to compete with Warsaw, Budapest and Prague as headquarters location for the CESEE region.
July 23, 2012
Austrian-Bulgarian Economic Forum
The event takes place on September 18, 2012 at the Austrian Federal Economic Chamber, Vienna.
July 23, 2012
Growing Pressure on Viennese Location for Headquarters
The Viennese Chamber of Commerce intensifies the dialogue with international headquarters. In autumn, the first headquarter congress will take place in Vienna.
July 21, 2012
Austrian M&A Activity Faces Depression
Due to the global insecurities, the M&A activities in Austria decreased substantially in the last year. Against the prior year, the number of deals was down by 27%.
July 11, 2012
Germany Still Biggest Investor in Austria
For years, Germany leads the ranking of foreign investors in Austria. The Northern neighbour country is followed by Switzerland, Italy, the Netherlands and the U.S.
July 9, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 2012
Active Direct Investments Higher than Passive Direct Investments
Austrian enterprises make more investments abroad than foreign countries do in Austria, Austrian Central Bank announced.
July 5, 2012
Libya: Austrian Companies Face Losses of € 200m
Since the attacks against Libya in 2011, the damage for Austrian companies operating in Libya total € 200m. Major projects had to be postponed.
July 4, 2012
Austria Connect 2012 in Washington D.C.
From September 13, 2012 to September 15, 2012 the Austrian Trade Commissions will hold its conference in Washington D.C.
June 29, 2012
Investment Attractivity: Poland Ranks Second
According to Ernst & Young, the most attractive location for investments in Europe is Germany, which is followed by its Eastern Neighbour Poland.
June 25, 2012
Intensive Talks between OMV and Romanian Government
The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.
June 19, 2012
Mitterlehner: „Romania is an Important Trading Partner“
Austria´s Minister of Economic Reinhold Mitterlehner sees many business opportunities for Austrian enterprises in Romania. Above all, the energy sector is highly promising, Mitterlehner says.
June 18, 2012
Leitl Underlines Good Relations with Hungary
At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.
June 14, 2012
Austrialian Mining Company Plans to Exploit Lithium in Austrian Alps
Global Strategic Metals NL plans a site with an investment volume of € 125m in Austria. For Austria, the lithium deposits would be a „highly strategic asset“.
June 9, 2012
Launch of 21st Austria Initiative
The heads of renowned corporations intend to highlight Austria's economic expertise on the international stage with the "21st Austria" initiative.
June 5, 2012
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