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Vienna's Foreign and Bilateral Relations
Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
Poland: LOT to Downsize Radically
The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again
January 5, 2013
Hungary: No Mandatory Voter Registration
The Hungarian Constitutional Court rejected the law proposed by the government.
January 5, 2013
Croatia Faces Stagnation
Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.
January 5, 2013
Poland Plans Bank Taxes
The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013
Hungary: Unemployment Rate Unchanged
In September–November 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.6%.
January 4, 2013
EANS-General Meeting: TUI AG / Announcement convening the general meeting
EANS-General Meeting: TUI AG / Announcement convening the general meeting
January 4, 2013
Hungary: 55,000 More People in Work
In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.
January 4, 2013
Poland: Government to Focus on Family and Employment
Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.
January 4, 2013
Hungary: Dissatisfaction Grows
More than the half of the Hungarians is dissatisfied with the country´s government.
January 3, 2013
Poland: Public Debt Level Shrinks Slightly
At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.
January 3, 2013
Hungary: Public Deficit Declines
The deficit of the general government sector fell by 3.1 percentage points in the 3rd quarter of 2012.
January 3, 2013
“Eurobonds Are Wrong Signal”
2013 - After crisis management it is now time to tackle issues of the future, Austria´s Ministry of Foreign Affairs says.
December 31, 2012
EANS-Total Voting Rights: Atrium European Real Estate Limited / Release
according to article 93 BörseG with the aim of a Europe-wide distribution
EANS-Total Voting Rights: Atrium European Real Estate Limited / Release according to article 93 BörseG with the aim of a Europe-wide distribution
December 31, 2012
Poland Promotes Privatizations
This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012
Favorable Economic Outlook for Croatia
After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.
December 28, 2012
Outlook: Europe Remains Under Threat
The European debt crisis will remain a major issue, Austrian Erste Group says.
December 28, 2012
Ukraine: Gold Reserves Gain in Importance
The share of monetary gold in Ukraine’s international reserves has almost doubled.
December 28, 2012
Czech Republic Does Not Fulfill Maastricht Criteria
At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.
December 28, 2012
Poland: € 100m Aid for LOT
The Polish government grants a massive capital injection for the financially stricken airline.
December 27, 2012
Czech Republic: Overall Confidence in Economy on the Rise
Overall confidence in domestic economy increased in December. The composite confidence indicator (economic sentiment indicator) increased by 1.1 points compared to November.
December 27, 2012
Hungarian Government „Do Not Need Help from IMF“
Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.
December 22, 2012
Hutchison Takes Over Orange
The Austrian subsidiary of the Hong Kong-based telecommunication group Hutchison Whampoa is now officially entitled to acquire its competitor Orange.
December 22, 2012
Government Crisis in Czech Republic
After the new Minister of Defence was removed, the coalition collapses.
December 21, 2012
Hungary: Foreign Trade Grows Sligthly
Export and import volumes grew by more than 5% in October. In the first ten months, exports were up by 2.4%.
December 21, 2012
Czech Parliament Resolves VAT Increase
After months of controversies, the Czech Chamber of Deputies approved the government´s taxation plans.
December 21, 2012
Czech Republic: Euro Introduction No Issue Yet
The Czech Prime Minister Petr Necas explained that the Czech Republic does not strive for becoming a member of the Eurozone.
December 21, 2012
Russia´s Budget Deficit Higher than Expected
This year, Russia will record a budget deficit of 0.25% of GDP.
December 20, 2012
Poland: Recovery in Mid-2013
Poland´s new Deputy Prime Minister Janusz Piechocinski forecasts an upward trend beginning in the second half of next year.
December 20, 2012
Czech Republic: Interest Rate Remains Unchanged
The council of CNB (Czech National Bank) decided to let the interest rate at 0.05%.
December 19, 2012
EU: Exports to Russia Decline
EU27 deficit in trade of goods with Russia down to 65 bn euro in the first nine months of 2012.
December 19, 2012
Ukraine: Fiscal Policy Faces Unsolved Problems
The budget draft for 2013 provides no room for the fiscal consolidation, which looks incompatible with the IMF requirements.
December 19, 2012
Ukraine: Current Account Deficit Grows Significantly
Balance of payments deficit almost doubled in October – to USD 2.0 bn - amid sharp reversal in the capital flows and widening C/A deficit, Raiffeisen Research says.
December 19, 2012
Komorowski: “Poland Needs Euro”
Poland´s President Bronislaw Komorowski wants his country to join the Eurozone. Now, the government has to convince the people, he says.
December 19, 2012
Ukraine: Real Economic Sector Disappointing
The State Statistics Committee confirmed its preliminary estimate of -1.3% yoy GDP growth rate in Q3 2012 (GDP grew 2% and 3% yoy in Q1 and Q2 respectively).
December 18, 2012
Romanian Post to be Privatized
In total, 51% of the company will be sold. The Romanian state will keep a 24% stake in Post.
December 18, 2012
Ukraine: Reform Pressure Grows
Mykola Azarov is reappointed as Prime-minister, facing tough challenges ahead, Raiffeisen Research states.
December 18, 2012
Hungary: Earnings Grow by 4.%
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5% in nominal terms.
December 18, 2012
Annual Assembly of the Municipal Councillors for European Affairs in Vienna
At the second general assembly of the members of the initiative of Municipal Councillors for European Affairs held at Palais Niederösterreich in Vienna today, the 500th member of the initiative was welcomed.
December 18, 2012
Hungary Continues Downward Trend
In the third quarter, Hungary´s GDP contracted by 1.5%, OECD says. The whole year will bring similar results.
December 18, 2012
Austria´s EU Contributions to Increase Substantially
Austria is expected not only to lose its discount, but also to receive lower subsidies.
December 18, 2012
Erste Group: Massive Cuts in Romania
Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.
December 18, 2012
Ponta to Remain as Prime Minister
Despite heavy dispute with Ponta, Romania´s President Traian Basescu announced to swear him as Prime Minister. Basescu has no other choice.
December 17, 2012
S&P Downgrades Croatia
Croatia´s Minister of Finance Slavko Linic does not exclude that Croatia needs support from the IMF next year.
December 17, 2012
Hungary: Construction Output Increased by 1.4%
In October 2012, construction increased by 1.4% in output year-on-year. Within this, the construction of buildings decreased by 0.3% and that of civil engineering works grew by 2.7%.
December 17, 2012
Hungary: Industrial Production Declines
The volume of industrial production decreased by 1.7% in October.
December 14, 2012
EU Guarantees Stability of Czech Banking Sector
The Czech Republic will not use its right to veto. In return, the EU guarantees the stability of the Czech financial sector.
December 14, 2012
Banking Supervision to Control Nine Austrian Banks
Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.
December 13, 2012
Hungary: Financial Transaction Tax May Increase
As the tax proceeds are behind the government´s expectations, the controversial tax may increase
December 13, 2012
Immofinanz Develops New Project in Poland
The Austrian real estate company expands activities in Poland: Start of construction on Nimbus office development project
December 13, 2012
CA Immo: Gazprom New Tenant
ZAO AVIELEN A.G., a joint venture of the Austrian real estate companies Warimpex, CA Immo and UBM, is renting two thirds of its office space at AirportCity St. Petersburg to Gazprom Invest Zapad, a subsidiary of OAO Gazprom.
December 13, 2012
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