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Eastern European Countries and Austria | Bilateral Relations
Austria and Eastern European countries - Latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
Westerwelle and Sikorski Want a Stronger EU
The German and the Polish Ministers of Foreign Affairs wrote a common article in The International Herald Tribune.
September 19, 2012
Serbian EU Approach Endangered
The Serbian government rejects making concessions to Kosovo. The EU accession may be damaged, however.
September 19, 2012
Croatia Wants to Join the Eurozone
In July 2013, Croatia becomes the 28th member of the EU. After the accession, the Croatia should join the Eurozone too, the government says.
September 19, 2012
Hungary: Real Income Falls Further
In the first seven months of 2012, the Hungarian real income was down by 4%.
September 19, 2012
National Bank of Slovakia Adapts GDP Growth Forecast
According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.
September 19, 2012
Ukrainian Delegation Has Begun Working Visit to the U.S.
Ukrainian official delegation headed by the Governor of the National bank of Ukraine - Sergyi Arbuzov arrived to the USA to begin a four-day working visit.
September 19, 2012
IMF-Loan: Orban Demonstrates Optimism
According to Hungary´s Prime Minister Viktor Orban, the negotiations with IMF are proceeding on schedule.
September 18, 2012
Klaus: Czechs Against Banking Union
The Czech President notes that the Czech Republic cannot achieve anything without a recovery of the European economy. However, it would be advantageous to stay outside the Eurozone.
September 18, 2012
Latvia: Fit for the Eurozone
According to Latvia´s Central Bank, the country will fulfill the Maastricht criteria by the end of the year.
September 18, 2012
Slovak Economic Growth to Slow Down
The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.
September 18, 2012
Polands FDI Level Stagnates
Compared to 2011, the size of foreign directed investments in Poland stays almost unchanged.
September 18, 2012
„Situation in Slovenia is not so Dramatic“
Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the economic situation in Slovenia is under control.
September 18, 2012
EVN and Verbund Open the Ashta Hydropower Plant in Albania
The project company “Energji Ashta“ and its owners EVN and Verbund are opening the first section of the Ashta hydropower plant (Ashta I) on the Drin River in Northern Albania.
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
Implementation of Banking Union to be Postponed
Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.
September 17, 2012
Poland Rejects Joining Banking Union
According to Poland´s Minister of Finance, a common supervision for banks is “not interesting”.
September 17, 2012
Strong Increase in Hourly Labor Costs in Hungary and Romania
Second quarter 2012 compared with second quarter 2011: Euro area hourly labour costs rose by 1.6% and by 1.8% in EU27.
September 17, 2012
Vienna Insurance Group Becomes Market Leader in Macedonia
After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.
September 17, 2012
Czech Republic: EU-Subsidies to be Cut Massively
Due to EU-aid manipulation, the Czech Republic will lose at least € 1.0bn.
September 15, 2012
Slovakia´s Inflation at 3.7%
In August, the inflation rate reached 3.7% in Slovakia, the Slovak Statistical Office announced.
September 15, 2012
Slovenia´s ESM Contribution to Reach € 137m
Until the end of October, Slovenia has to pay € 137m to the European Stability Mechanism.
September 15, 2012
Hungary Becomes Tax Haven for Czech and Slovak Enterprises
In the last three years, the number of Czech enterprises with head office in Hungary was up by 41%.
September 15, 2012
Slovak Leasing Industry Shrinks
In the first half of 2012, sales in the Slovak leasing market were down by 5%.
September 15, 2012
Czech Republic: Exports to Russia Reach new High
In 2012, the exports to Russia are estimated to surpass € 4.6bn. This would be a new record.
September 15, 2012
New Record in Croatian Tourism Sector
In the first eight months of 2012, about 10 million tourists came to Croatia. This is a new record level.
September 15, 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
Hungarian Central Bank Call for Growth Stimulating Measures
In August, the Hungarian Central Bank cut the base rate by 0.25 percentage points. According to the Council, growth should be supported.
September 15, 2012
Slovakia´s Economy Still Performs Well
In the second quarter of 2012, GDP growth came at 2.8% after 3.0% in the first quarter.
September 15, 2012
Czech Unemployment Rate Remains Flat
In August, the Czech Republic´s unemployment quota came at 8.3%.
September 15, 2012
Klaus Does Not Want European Federation
The Czech President Vaclav Klaus rejects the idea of the head of the EU-Commission José Manuel Barroso.
September 14, 2012
Croatia´s Fight Against the Recession: More Austerity and Increase in Exports
According to Paul Krugman, the development of Croatia´s economy depends on the performance of the export-oriented industry.
September 14, 2012
Czech Public Debt Growing Rapidly
Until the end of the year, public debt is expected to increase to € 63.77bn. At the end of 2011, the public debt level came at € 58.5bn.
September 14, 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
Czech Republic Threatened of Downgrade
Because of its instable political situation, the Czech Republic may be downgraded. Debt service costs may increase substantially.
September 14, 2012
Slovenia: Guarantees to Reach € 4.0bn
As Slovenian banks suffer massively from non-performing loans, Slovenia´s Minister of Finance Janez Sustersic will provide guarantees for domestic banks of € 4.0bn.
September 14, 2012
Hungarian Central Bank Against Bank Taxes
According to the governor of Hungary´s Central Bank, the bank taxes are causing the lending freeze.
September 14, 2012
Kuwait Petroleum Interested in Croatian and Bosnian OMV Stations
OMV sells 91 petrol stations in Croatia and Bosnia. After the Croatian INA has announced to have submitted a binding offer, Kwait Petroleum shows interest.
September 14, 2012
OMV Sells 15% Stake in CEGH to Slovak Eurstream
The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.
September 14, 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
Slovenian Construction Industry Reaches New Low
Since 2008, Slovenia´s construction output decreased by 66%. This year, the construction industry will shrink again.
September 13, 2012
Infringement Proceedings Against Hungary?
The Commission of the European Union is said to start infringement proceedings against Hungary because of the introduction of financial transaction taxes.
September 13, 2012
Banking Union: Poland Demonstrates Skepticism
Yesterday, the EU-Commission has made proposals regarding the banking union. The decision making process for non-Eurozone members would be unclear.
September 13, 2012
Spar Records Losses in Hungary
The Austrian retail chain operates 400 branches in Hungary. The economic crisis caused substantial losses.
September 13, 2012
VAT Dispute: Necas Seeks Compromise
The Czech Prime Minister Petr Necas is optimistic that the instable government will survive. He wants to reach a compromise with the dissenters.
September 13, 2012
Hungary: Difficult Negotiations with IMF
The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.
September 12, 2012
OECD: Czech Spending on Education too Low
The Organisation for Economic Cooperation and Development criticizes the Czech government. Expenditure on education only reach 4.8% of GDP, which is below the OECD average of 6.2%.
September 12, 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
Polish Public Debt Quota to Decrease
Although the planned budget deficit will not be met this year, Poland´s Finance Minister Jacek Rostowski expects a declining public debt quota.
September 12, 2012
INA Underlines Interest in OMV´s Petrol Stations
The Croatian oil group wants to take over the petrol station business of Austrian OMV in Croatia and Bosnia.
September 12, 2012
“A new chapter begins for Kosovo”
Austrian Vice-Chancellor Michael Spindelegger underlined the success of the Ahtisaari UN Office in Pristina .
September 12, 2012
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