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Austria and Poland Business and Diplomatic Relations

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

RBI Raiffeisen Bank International May Post Loss in 2015

Listed bank RBI may close 2015 in the red due to the current group restructuring measure and maintain a higher level of provisions, the bank said. 2014 consolidated loss came to EUR 493 million (USD 540.9 million), RBI also said confirming preliminary figures.

March 25, 2015

ITB: Austria Wants to Attract More Asian Tourists

The surge in the number of tourists from the CEE region is no longer as big as it used to be and Russian tourists have also stayed out last year. That is why the tourism industry is looking more and more towards the Far East.

March 4, 2015

Immofinanz has Launched Shopping Mall in Poland

After the sale of shopping centre Silesia City Center in Katowice for EUR 412 million (USD 458.6 million) in 2013 the listed property developer Immofinanz has now completed another retail sale property project. Investment costs amounted to EUR 115 million.

March 4, 2015

Quality of Living Rankings: Vienna Tops the List Again

Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015

RBI May Face Obstacles Selling Polbank

Listed bank RBI may encounter unforeseen obstacles in the planned sale of its Polish unit Polbank, the daily Standard writes Thursday.

February 26, 2015