Business, finance, investment and politics in the emerging market of Croatia from an Austrian, Central, Eastern European perspective
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Austria and Croatia Business and Diplomatic Relations

Austria Supports Bosnia and Herzegovina's EU Reform Agenda

The Ministry for Foreign Affairs’ Secretary General, Linhart visited Sarajevo. EU-accession and fight against radicalization were in the centre of the talks. Linhart: “Full support for the Bosnian reform route”.

November 20, 2015

Heta to Cut a Few Hundred Jobs in 2016

The successor of Hypo Alpe Adria will have to cut more jobs already next year. This was announced by the head of Heta, Sebastian Schoenaich-Carolath. Particular people who will be affected, will be informed in advance. Anyway, in five years the former Hypo and thus, the employees remaining in "bad bank” are supposed to be dismissed.

November 20, 2015

Journalism Award “Writing for CEE 2015” Goes to Martin Leidenfrost

The EUR 5,000 "Writing for CEE" journalist prize has been awarded for the twelfth time. Journalists from all round Europe – including Northern Europe, Central and Eastern Europe, South Eastern Europe and the CIS countries – have been invited to submit their works. The Austrian Journalist Martin Leidenfrost wins the “Writing for CEE 2015” award for his column "Expedition Europe". At the award ceremony writer and honorary guest Karl-Markus Gauß touched on the discovery of Europe and SEEMO Secretary General Oliver Vujovic said, that Europe faces new boundaries and divisions.

November 18, 2015 · Updated: November 20, 2015; 19:00

Only Full EU-Integration Can Stabilise the Western Balkans for a Lasting Time

Minister for Foreign Affairs, Sebastian Kurz commented on the European Commission’s progress reports, which were presented earlier this month: “Most of the Western Balkans countries’ progress on their way in direction of EU-membership is noticeable and positive. The Commission’s new methodology renders possible an improved analysis on the progress made in the respective countries in the last year. This creates a positive competition. The new progress reports also underscore that all candidate countries still have a lot of hard work before them and EU support towards this is essential. The current refugee crisis is no exception in this respect as it shows, how important the Western Balkans countries and Turkey are to Europe in tackling this particular challenge.”

November 18, 2015

Linhart: “Foreign Policy Should Focus on Stabilization of Neighbouring Regions”

“The European foreign policy must focus more of its attention on the neighborhood, the stabilization thereof – and in the case of the Western Balkans, their way towards the EU – has to be our European priority”, Secretary General for Austrian Foreign Affairs, Dr. Michael Linhart declared on the occasion of the 19th Europe Forum of the Austria Institute for Europe and Security Policy (AIES) in the Diplomatic Academy of Vienna

November 18, 2015

Telekom Subsidiary Vipnet Buys Croatian Frequencies for EUR 18.6 Million

Vipnet, a Croatian subsidiary of partially state-owned Telekom Austria, has purchased radio frequencies in Croatia for EUR 18.6 million (USD 19.84 million). The company obtained 2 x 3 MHz and 2 x 4.8 MHz in the 1800 MHz range Telekom Austria announced on its homepage.

November 17, 2015

CEE Region to Grow on Average 3 Percent

The research institute Vienna Institute for International Economic Studies (WIIW) has revised its forecast for CEE countries. WIIW economists expect the region, without the CIS and Ukraine, to grow on average 3 percent, i.e. about 1.5 percentage points above the Eurozone average.

November 13, 2015

Fitch: CEE Risk for Austrian Banks Shifts Towards East

US rating agency Fitch states in a report on Austria’s banks that the lenders are adequately, though not very well equipped for the challenges posed in the CEE region. Due to low yields, excess capacities and high fixed costs in the domestic market the flexibility of the banks to tackle CEE problems is limited.

November 4, 2015

Austria will Remain an Asylum Country with Tradition

Since 1945 more than two million refugees have come to Austria, whereby almost 700,000 have remained here - that is about 9 per cent of the total population of Austria. Every second refugee had a different mother tongue than German. The refugee crises occurred in a mysterious sequence, as every twelve years, large waves of refugees arrived in Austria: 1956, 1968, 1980 and 1992.

October 28, 2015

Cosmetics Chain DM Books Another Sales Record in 2014/15

The financial year 2014/15 was another successful year for the cosmetics chain DM. On Thursday the presentation of the company’s annual financial report took place at DM’s headquarters in Wals. In Austria sales increased by 6 percent from EUR 756 million (2013/14) to EUR 801 million (USD 906 million).

October 22, 2015