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Austria and Romania Business and Diplomatic Relations

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

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

Joint Russia-US Fight against ISIS: Kerry and Lavrov to Hold Syria Talks in Vienna

US Secretary of State John Kerry will meet Russian Foreign Minister Sergei Lavrov on Friday in Vienna to discuss the Syrian conflict together with their counterparts from Saudi Arabia and Turkey. The meeting was made possible following the involvement of Vladimir Putin in serious diplomacy and the surprise visit by Syrian President Bashar al-Assad to Moscow on Tuesday.

October 23, 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

Timber Producer Schweighofer Faces WWF Complaint

The environmental organisation WWF has filed a complaint against timber producer Holzindustrie Schweighofer with the Federal Ministry for Forests today. The Austrian firm is under suspicion in Romania of having sold illegally cut timber. A report of US environmental investigation agency EIA indicates as much. The company has repudiated the allegations.

October 21, 2015

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015

Current State of Relations between NATO and Austria

NATO-Austria relations are conducted through the Partnership for Peace framework, which Austria joined in 1995. NATO and Austria actively cooperate in peace support operations, and have developed practical cooperation in a range of areas. NATO views Austria as an effective partner and contributor to international security, which shares key values such as the promotion of international security, democracy and human rights. Austria on the other hand selects areas of practical cooperation with NATO that match joint objectives.

October 16, 2015