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Austria and Romania 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

Timber Industry Opposes New Romanian Forestry Law

The new forestry law in Romania is causing a lot of opposition, especially on the part of timber industry representatives and of the main pinewood processing company in Austria, Holzindustrie Schweighofer. Last autumn the firm threatened the PM with mass lay-offs, should the new law come into effect in the planned form.

May 15, 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

Romania Orders Inspections of Timber Company Holzindustrie Schweighofer

Romania’s Environment Ministry has launched a probe into activities of Austria’s timber producer Holzindustrie Schweighofer, it was announced last week, on account of suspicion of polluting practices of the company. Holzindustrie Schweighofer repudiates all accusations.

May 11, 2015

RWA Conglomerate Enters Romania, Revenues & Profit Down in 2014

Austrian warehouse operator and conglomerate Raiffeisen Ware Austria (RWA) launched a unit in Romania, Raiffeisen Agro Romania, completing its presence in CEE and SEE.

April 14, 2015

OVAG Bank Sells Loss-Making Romanian Unit

Partly-state owned bank OVAG sold its loss-making Romanian unit to Romania's Banca Transilvania with the deal closed on Tuesday.

April 7, 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

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

Andritz May Have to Pay EUR 8 Million Guarantee in Romania

The listed Styrian facilities builder Andritz has been confronted in Romania with a claim for EUR 8 million (USD 9.1 million) guarantee from the insolvent power plant operator Hidroelectrica. This was reported by "WirtschaftsBlatt” on Friday.

February 27, 2015