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Asian Expats in Austria | Asians in Vienna | Bilateral Relations
Austria and Asian-Pacific countries - Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
Austria: Kranebitter to Leave Hypo Group
After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.
August 19, 2013
Gazprom Acquires Kirghiz Gas Network
In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.
July 29, 2013
Zumtobel Takes Over Chinese Affiliate
Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.
July 29, 2013
OMV: Problems in Libya Slow Down Production
The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.
July 24, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
China: Big Plans for Ljubljana Airport
China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.
July 24, 2013
EU: Current Account with Russia Deep in the Red
EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.
July 18, 2013
Serbia to Invest in Renewable Energy
The Balkan country wants to invest more than € 10bn in its energy production. The focus will be on renewable energy.
July 18, 2013
Turkey Considers Economic Re-Orientation
The Turkish government wants to shift its economic focus from Europe to Asia.
July 18, 2013
OMV: Major Gas Discovery in Australia
Successful appraisal of the Zola gas discovery offshore Australia.
July 16, 2013
Russia to Reduce Oil Export
Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.
July 11, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Austrians to Invest Strongly in FDIs
Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.
June 26, 2013
Magna Opens New Engineering Center in Shenyang
Magna International Inc., announced yesterday that its Magna Steyr operating unit continues to strengthen its worldwide network of engineering services by opening a new engineering center located in the Tiexi District of Shenyang, China.
June 26, 2013
Rosneft to Supply China Over 25 Years
Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.
June 24, 2013
Russia to Improve Relations to China
Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.
June 21, 2013
Austria: Deputy Govenor of OeNB Suspended
Deputy Govenor of Austrian National Bank Duchatczek is suspected of bribery.
June 19, 2013
Siemens VAI Lands Major Contract in China
Tangshan orders cold rolling complex from Siemens.
June 18, 2013
V4 Want Free Trade Zone Between EU and Japan
The Visegrad Four Group (V4), which consists of Poland, the Czech Republic, Slovakia and Hungary, support the creation of a free trade zone between the European Union and Japan.
June 17, 2013
RBI Opens Branch Office in Hong Kong
RBI as only Austrian bank with an operative presence in Greater China Region. Focus on trade and corporate finance solutions.
June 10, 2013
WKO Export Day in Vienna
On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
June 8, 2013
Russia: Gazprom Looking for Alternative Markets
After 40 years of a surge in revenues, Russian energy giant Gazprom has to face turbulent times in Europe.
June 3, 2013
Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender
Czech Prime Minister Necas emphasized on the transparency of the decision.
May 28, 2013
Austria: Faymann Positive About Extension for Hypo Group
Chancellor Werner Faymann presented himself restrained yet confident about the extension granted by the Commission regarding the deadline for the winding-down of Hypo Alpe Adria Group.
May 24, 2013
Austrian Top Banker to Appear in „Offshore-Leaks“
For the first time, a European top banker appears in the “Offshore-Leaks” database. CEO of Raiffeisen Bank International (RBI) Herbert Stepic is coming under massive pressure.
May 23, 2013
Austria: Special Commission to Trace Tax Evaders
Finance Minister Maria Fekter announced the establishing of a special commission which is supposed to use data distributed by the US tax authority.
May 23, 2013
Srei Group to Offer € 65.6m for Hypo
The Indian Srei Group offers € 65.5m for Austrian Hypo affiliate.
May 22, 2013
World Economic Forum on East Asia 2013
Courageous transformation for inclusion and integration. Nay Pyi Taw, Myanmar, 5-7 June 2013.
May 21, 2013
Austria: Preliminary Results on Hypo Group Expected Next Week
Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.
May 17, 2013
Indian Srei Group to Acquire Austrian Hypo?
Austria is looking for a buyer for the domestic Hypo affiliates. Indian Srei Group seems to have good chances.
May 13, 2013
Russia Enhances Oil Supply to China
Experts describe the dealings as a community of purpose rather than a sign of improved relations.
March 23, 2013
CSA: Korean Air Gets In
The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.
March 16, 2013
CSA: Korean Air as Only Bidder
The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.
March 7, 2013
Czech Airlines May be Taken Over by Korean Air
The Korean airline company aims to take over the publicly held stake in Czech Airlines.
March 5, 2013
Vienna Stock Exchange Cooperates with Kazakhstan Stock Exchange
Vienna stock exchange could enlarge its network to 17 exchanges. With the recently agreed index cooperation with the Kazakhstan Stock Exchange, the Vienna Stock Exchange has enlarged its international network once again.
February 15, 2013
Russia Makes Oil to Gold
In the last decade, Russia´s government has transformed the oil exports into gold reserves. No other country has bought more gold in the last years.
February 12, 2013
Erdogan Considers Joining „Shanghai Five“
Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.
February 1, 2013
Index Cooperation between Vienna Stock Exchange and Kazakhstan Stock Exchange
(The Vienna Stock Exchange has acquired a new index cooperation partner with the Kazakhstan Stock Exchange (KASE).
January 29, 2013
Andritz Acquires Majority stake in Shanghai Shende Machinery
Austrian technology Group Andritz has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting.
January 28, 2013
“Germany overestimated, USA and China underestimated”
Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.
January 26, 2013
Kazakhstan: „Among the Top 30 in 2050“
Kazakh President Nursultan Nazarbayev predicts an economic boom in the next decades.
December 15, 2012
Bank Austria: Major Losses in Kazakhstan
In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.
December 11, 2012
Major Order for Andritz in Laos
The Austrian technology group has received an order from CH. Karnchang (Lao) Company Ltd. to supply the electromechanical equipment for the Xayaburi run-of-river hydropower station.
October 25, 2012
“Austrian businesses pursuing expansion in Vietnam”
Great potential in the future-oriented energy, environmental and education sectors.
October 24, 2012
Spindelegger: “Mongolia is a country with huge potential“
The Austrian Minister Minister of Foreign Affairs receives his Mongolian counterpart in Vienna
October 23, 2012
Androsch: „AT&S Under Double Pressure“
In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.
October 15, 2012
Voestalpine: No Investments in Europe
Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.
October 12, 2012
Andritz is Concerned About China
The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.
October 10, 2012
OMV Expands in Pakistan
OMV and Latif joint venture partners sign lease deed for the development of Latif gas field in the province of Sindh, Pakistan. Latif field production will contribute around 6,000 boe/d of production to OMV in 2014.
October 5, 2012
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