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Austria and Poland Business and Diplomatic Relations

Analysis: The Eurovision Song Contest 2015 in Vienna

The Eurovision Song Contest 2015 will be the 60th edition of the annual Eurovision Song Contest musical event. The contest - taking place in Vienna - follows Conchita Wurst's victory in the 2014 edition with her song "Rise Like a Phoenix". This is the second time that Austria hosts the contest after holding its 1967 edition also in Vienna. The contest will consist of two semi-finals, which will take place next week on 19 and 21 May, and the final, held on 23 May 2015.

May 16, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

Porr Plans Acquisitions in Poland

Listed builder Porr is on the search for properties to buy to complement its portfolio, especially on the growth markets such as Poland, CEO and co-owner Karl-Heinz Strauss told journalists. For example, the company is in the race for a part of former German group Bilfinger's Polish assets, with 800 employees and EUR 170 million revenues.

May 12, 2015

Corruption Claims Against Alpine Processed in Poland

Employees and representatives of sub-contractors of Alpine are accused of taking bribes during the construction of a stretch of the A1 motorway in Poland, from 2007 until 2013, WirtschaftsBlatt daily reports citing Polish media. The prosecution in Gliwice has been reportedly investigating the matter since 2014.

May 6, 2015

Porr Eyeing Bilfinger in Poland

Austria’s construction group Porr is eyeing the Polish arm of German construction giant Bilfinger. Porr would like to expand on the Polish market and according to Jürgen Leitner, the head of office of Porr CEO Karl-Heinz Strauss, the company has voiced its interest.

May 4, 2015

Jurkowitsch: Warimpex to Maintain Russian Investments

Even though the Russian crisis has dragged hotel operator and real estate developer Warimpex deep into the loss zone, Warimpex head Franz Jurkowitsch still believes in the market. He assures his company wants to stay in that region, keeping its investments and launching new developments.

April 29, 2015

RBI Set to Sell Polish Unit by Early 2016

Listed bank RBI is set to sell its Polish unit Raiffeisen Polbank by the start of 2016, RBI CEO Karl Sevalda told Reuters news agency on Wednesday evening.

April 23, 2015

Porr Extended Shopping Centre in North Poland

Listed construction group Porr has remodeled shopping centre "Ogrody Elbląg” in the North of Poland for property developer CBRE Global Investors, for EUR 40 million.

April 10, 2015

Raiffeisen Polbank Filed Motion to Create Mortgage Bank

Raiffeisen Polbank has filed a motion with Polish financial supervision authority KNF for a permit to create a mortgage bank. The bank expects this year a stabilization of demand for mortgage loans in Poland.

April 3, 2015

Porr to Build Residential Estate in Poland

Porr Polska will build the second stage of the "Tumskie Ogrody” residential services project in Wrocław/Poland. The project involves the construction of 20,000 square metres of space for 199 apartments and 8 service points.

April 3, 2015