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Bulgaria in Austria | Bulgarians in Vienna | Bilateral Relations
Austria and Bulgaria - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Bulgaria: „The pace of economic growth is sustained“
The domestic demand compensates for the deceleration in export, Raiffeisen Research says.
December 14, 2012
CEE Countries May Join Banking Union
ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.
December 13, 2012
GDP per Capita: Romania and Bulgaria Tail-Lights in EU
GDP per capita varied by one to six across the Member States in 2011. Austria ranks third behind Luxembourg and the Netherlands.
December 13, 2012
Bulgaria: Foreign Trade Growing
According to the Bulgarian National Statistical Institute, Bulgarian Trade with Third Countries for the Period January - October 2012 grew by 11%.
December 11, 2012
Southeast Europe Agrees on Growth Strategy
In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.
December 8, 2012
Russia Starts South Stream Pipeline
Today, the Russian gas group Gazprom has officially begun the construction works of the pipeline project.
December 7, 2012
Bulgaria Puts Pressure on Nabucco
Bulgaria wants the Nabucco project to start as soon as possible.
December 5, 2012
Poverty: People in Romania and Bulgaria Most Affected.
In 2011, 24% of the population were at risk of poverty or social exclusion, which is corresponding to around 120 million persons. The Czech Republic ranks first.
December 3, 2012
CA Immo: Major Leasing Agreement in Bulgaria
Together with its joint venture partners Robul and Bank Austria Real Invest, CA Immo has already signed new lease agreements for around 17,600 sqm of space in the Megapark office complex this year.
December 3, 2012
CESEE: Social Protection Still Underdeveloped
EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.
November 27, 2012
CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession
Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012
AUA to Strengthen CEE Network
After Air Berlin decided to reduce the number of flights from Vienna to Eastern European destinations, Austrian Airlines intends to fill the gap.
November 20, 2012
Bulgarian Industrial Sector to Expand
Next year, Bulgaria´s industry is expected to record an increase in investments of 27%.
November 17, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
Consumer Confidence Declining
In Hungary and Bulgaria, the economic sentiment is declining.
November 6, 2012
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
Bulgaria´s Growth Rate to Reach 1.0% in 2012
Bulgaria´s economy performs worse than expected. Next year, economic growth will recover.
November 2, 2012
Purchasing Power: Austria Ranks 6
Regarding the purchasing power per head, Austria is significantly above the European average of € 12,802.
October 31, 2012
VIG Considers Expanding Further
Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.
October 24, 2012
Vienna Stock Exchange Wants Further Privatizations
CEE Summit of the Vienna Stock Exchange: “Privatizations as a Driver of the Economy and the Capital Market”.
October 11, 2012
Bulgaria Records Lowest Wages in EU
Bulgaria´s GDP per capita only comes to 45% of the EU-average, Eurostat says.
October 8, 2012
Bulgaria: Djankov Predicts Long-Term Stagnation
Bulgaria´s Minister of Finance Simeon Djankov expects low growth rates in the next ten years.
October 6, 2012
Eastern Europe Remains Austria´s Future Region
The Austrian economist Christian Keuschnigg thinks that the opening of Austrian companies toward Eastern Europe was a “highly favourable event”.
October 4, 2012
Austria: Fixed Costs Come at 55% of Household Income
In Eastern Europe, the share of fixed costs is even higher. Romanian households spend 76% of their income on fixed costs.
October 4, 2012
Bulgaria: Bank Secret Wobbles
The Bulgarian National Bank warns of an easing of the bank secret. The Bulgarian Parliament argues that the bank secret protects money laundering activities.
October 3, 2012
EU Calls Bulgaria to Intensify Fight Against Corruption
The European Union recommends Bulgaria and Romania to increase their effort regarding the fight against organized crime and corruption.
September 25, 2012
Public Debt: New EU Members Are More Flexible
Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
September 24, 2012
EVN´s Subsidiaries to Delist
EVN: Delisting of EVN's two Bulgarian subsidiaries from the Bulgarian Stock Exchange.
September 24, 2012
Bulgarian Economy to Recover
In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.
September 24, 2012
Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea
Bulgaria wants to reduce its dependence on Russian energy. The consortium has paid € 48m to Bulgaria.
September 22, 2012
Bulgaria Aims to Join the Eurozone
Ivan Iskrov, governor of Bulgaria´s National Bank explains that entering the Eurozone would be a long-term priority for the country.
September 22, 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
EU: Highest Shadow Economy in Bulgaria
A World Bank report shows that the Bulgarian economy is still dominated by illegal work. Among EU-countries, Bulgaria clearly ranks first. Austria has the lowest shadow economy.
September 14, 2012
OMV and Total Start Gas Drillings in Bulgaria´s Black Sea
Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.
September 1, 2012
Bulgaria: Bad Loans Declining
Contrary to the trend in Southeastern Europe, the Bulgarian banking sector records a substantial relief.
August 25, 2012
Bulgaria Installs Debt Brake
The Bulgarian Ministry of Finance prepared a new Public Finances Act. The budget deficit must not exceed 2.0% of GDP.
August 22, 2012
Central and East Europe Summit in Vienna
Vienna Stock Exchange Group invites CEE companies and politicians in October 2012.
August 20, 2012
OMV to Focus on Gas Business
The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.
August 8, 2012
Proceedings Against Bulgarian Subsidiary of OMV Stopped
The Bulgarian Competition Authority KZK stopped investigations against OMV Bulgaria, Rompetrol, Lukoil and Naftex Petrol. The companies were suspected of price fixing.
August 1, 2012
New Hope for Nabucco West
The Aseri Minister of Energy Natik Aliyev thinks that Nabucco West would be better than the rival project TAP.
July 27, 2012
Austrian-Bulgarian Economic Forum
The event takes place on September 18, 2012 at the Austrian Federal Economic Chamber, Vienna.
July 23, 2012
Erste Group Enters Bulgarian Property Market
Todor Alexandrov Offices in Sofia developed by Erste Group Immorent AG are ready for occupation.
July 18, 2012
OMV Resumes Production Works in Yemen
The Austrian oil and gas group may get oil from Yemen soon. In Bulgaria, OMV participates in exploitation works.
July 17, 2012
Bulgaria Aims to Join Eurozone
Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.
July 16, 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
Real Estate Crisis in the Balkans Has Deepened
Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.
June 28, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
Austria Pushes for Danube Strategy
Together with Germany, Slovakia and Bulgaria, Austria wants to implement a common transport strategy for the Danube.
June 21, 2012
CESEE Banks: Small Exposure in Southern Europe
The riskiness of assets held by CESEE banks is manageable, the U.S. rating agency Fitch says. The CESEE region has closer links to Western Europe than to Southern Europe.
June 20, 2012
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