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Vienna's Foreign and Bilateral Relations
Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
Andritz Not Affected by Belo Monte Construction Stop
The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.
September 29, 2011
Voith Hydro Receives Major Order from Russia
The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.
September 29, 2011
Intercell: EU Invests € 30m in Research Program
The Austrian pharmaceutical company will receive co-funding for a collaborative research project from the European Union.
September 29, 2011
VIG to Start Due Diligence on Warta in October
The Austrian insurance group intends to grow on the Polish market. An acquisition would double its premium income in the country.
September 28, 2011
Cartel Suspicions Against OMV
The Commission of the EU suspects ten gas companies of market abuse. The Austrian OMV wants to cooperate with the authorities.
September 27, 2011
Siemens VAI: Major Order from South Korean Steel Industry
The Austrian Siemens VAI Metals Technologies has received the order to build a steelwork. The factory´s capacity should be 2m tons per year.
September 27, 2011
Donau Chemie Builds Factory in Hungary
The Viennese chemical group builds a hydrochloric acid factory near the Hungarian capital Budapest for € 6m.
September 27, 2011
Atrium Completes the € 191m Acquisition of Palac Flora in Prague
The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.
September 27, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
Porr Cooperates with German InterCityHotel
In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.
September 26, 2011
Strong Order Intake for Head
The Dutch and Vienna-listed sports article manufacturer Head records rising sales. Expectations for 2012/2013 are stable.
September 26, 2011
New Subsidiary for Rabmer Bau in Poland
The Austrian construction group, which is spezialized in renovating canal systems, established a new company in Poland.
September 26, 2011
“Austrian Exports to Turkey to Double“
According to the Austrian Chamber of Commerce in Istanbul, Austrian companies could benefit strongly from the persisting economic boom in Turkey.
September 26, 2011
Kneissl to Be Taken Over by Foreign Investor
Negotiations about the sale of the bankrupt Tyrolean ski producer are about to be concluded. Three investors from Europe and overseas are still interested in an acquisition.
September 23, 2011
RBI Defies Hungary’s Banking Tax
The Austrian bank is not planning to pull out of Hungary. Losses from the conversion of foreign currency loans cannot be estimated yet.
September 22, 2011
Immofinanz Acquires Property in Warsaw
The Austrian real estate company made its largest office property acquisition since 2008. The purchase price is € 102m.
September 22, 2011
OMV Strategy Update: “Profitable Growth”
OMV is hosting a Capital Markets Day and Media Summit in Istanbul to present an update on its strategy. The Strategy builds on growing OMV’s upstream portfolio, on expanding its integrated gas business and on restructuring the oil downstream segment
September 21, 2011
IMF: „NPL in Eastern Europe Decreasing“
After the announcement of the Hungarian government to convert foreign currency loans at the expense of banks, the IMF has good news for Austrian banks.
September 21, 2011
Layoff at UPC
The Austrian subsidiary of the U.S. group Liberty Global further reduces staff.
September 20, 2011
German and Austrian Economy Claim Improvements for Company Loans
Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.
September 20, 2011
Austria and Azerbaijan Expand Cooperation
An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.
September 20, 2011
OMV Publishes New Strategy
Gerhard Roiss became CEO of the Austrian OMV six months ago. This week, Roiss will present the company´s strategy at the capital market´s day in Istanbul, Turkey.
September 19, 2011
Turnaround of RCA Is „Very Close“
The restructuring process of the Rail Cargo Hungaria, a subsidiary of the Austrian Federal Railways (ÖBB) is going on. The rail cargo segment reports better results than expected.
September 19, 2011
Alpine to Build Hotel in Warsaw
The Austrian construction group will be general contractor of the project in Poland. Total contract value is € 32m.
September 16, 2011
Slovenian Blue Chips to Double List at Vienna Stock Exchange
In order to align with international capital markets the Ljubljana Stock Exchange wants to offer Slovenian companies the chance of double listing.
September 16, 2011
Erste Group: BCR Needs Capital Boost
The Austrian bank’s Romanian subsidiary may need additional capital due to high risk costs and the overall economic situation.
September 16, 2011
AMAG to Expand Capacity of Canadian Smelter
The Austrian manufacturer of aluminum products is currently negotiating the project with four partners.
September 16, 2011
Semper Constantia Invest Becomes Core Shareholder of German Praktiker
The Austrian investment company has increased its stake to become the second largest shareholder in the ailing German do-it-yourself store chain.
September 15, 2011
Erste Group Increases Stake in Romanian BCR
The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.
September 14, 2011
EnBW with New Attempt to Sell Stake in EVN
The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.
September 14, 2011
Marzek Etiquettes Expands in Ukraine
The Austrian manufacturer of etiquettes takes over the Ukrainian subsidiary by 100%.
September 13, 2011
New Difficulties for Brenner Tunnel
The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.
September 12, 2011
New Road Construction Project in Bulgaria for Alpine
Rehabilitation of 109 km of road - Contract value: € 20 m - 24-month construction period.
September 12, 2011
CA Immo Sells Major Stake of Skyline Plaza
Together with ECE, the Austrian real estate company sells a 80% stake on the project Skyline Plaza, which is a shopping center in Frankfurt, Germany.
September 12, 2011
Trumpf Austria: „European Quality and Asian Cost Level“
In the last business year 2010/11, Trumpf Maschinen Austria was able to report substantial growth. The Austrian subsidiary of the German company still experiences no downturn of the business cycle.
September 12, 2011
The 2012 Viennese Opera Ball in New York
Dignitaries, Diplomats and Debutantes will open the 57th Viennese Opera Ball in New York on Friday, February 3, 2012.
September 12, 2011
C-Quadrat Receives Management Mandates with a Volume of € 300m
The Austrian fund company will assume the mandates from Germany’s third-largest insurance group in the fourth quarter.
September 8, 2011
OMV’s Petrom Receives Approval for License Extension
The subsidiary of the Austrian oil and gas company was allowed to continue exploration works in Romania. The licenses were due to expire on September 12.
September 8, 2011
Sale of Volksbank International Finalized
The Eastern European subsidiary will be sold for a price ranging from € 585m to € 645m depending on business performance in 2011.
September 8, 2011
RHI AG: Change in the Management Board
Henning E. Jensen informed the Supervisory Board of RHI AG today that he will resign, with immediate effect, from his function as the CEO of RHI AG on his own request.
September 7, 2011
Italian Strabag subsidiary Wins € 161m contract in Tuscany
Adanti, the subsidiary of the Austrian building company will upgrade the State Road 223 between Grosseto and Siena. Adanti´s share is 65%.
September 7, 2011
Agrana Raises Sugar Price Drastically
The Austrian sugar and starch company confirmed that the sugar price will rise significantly by the beginning of October. This is due to the “world market price”, the company stated.
September 6, 2011
Austrian Foreign Trade Rising Significantly
January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%
September 6, 2011
Hungary Bourse President Resigns
Hungary's Budapest Stock Exchange President Mihaly Patai submitted his resignation Monday, state news agency MTI reported. This step is mainly due to disputes with the majority owner, the Austrian Vienna Stock Exchange.
September 6, 2011
SkyWork Launches Services to Vienna
The Swiss Airline now provides flights to the Austrian capital.
September 6, 2011
CEO of Raiffeisenbank Russia Dead
Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.
September 5, 2011
Noricum Announces Significant Gold Mineralization at Austrian Projects
The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.
September 5, 2011
ZKW Expands Rapidly
The Austrian component supplier raises its production significantly. A new factory site in China has been opened.
September 5, 2011
VIG Merges Polish Subsidiaries
The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.
August 31, 2011
Austria Confirms Top Ranking in EU Unemployment Statistics
The Austrian unemployment rate continued to decline in July. It dropped to 3.7% from 3.9% in June.
August 31, 2011
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