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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


Wolford opened a production facility in Slovenia

The Bregenz based and stock exchange listed producer of lingerie and hosiery opened its plant in Murska Sobota, Slovenia.
September 20, 2010


Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned

After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.
September 20, 2010


A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer

AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.
September 20, 2010


Swiss Post International is Not Interested in the Austrian Mail Business

According to its Austrian CEO, Georg Weidinger, the state-run Swiss Post is not one of the future competitors of the Post AG in the mail business,
September 20, 2010


Liquefied Natural Gas: Plans for a Route from Georgia to Romania

Liquefied natural gas (LNG) is to be shipped from the Georgian port of Kulevi in the direction of Constanta.
September 17, 2010


Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying

The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.
September 16, 2010


Direct Connection with Kabul - Afghan Kam Air Lands in Vienna

The private Afghan airline Kam Air started with the direct flights Kabul-Vienna-Kabul.
September 16, 2010


Volksbank Vorarlberg: High Losses in Switzerland

Commitment to financial advisor JML did not go as desired: losses up to 3.9 million euro
September 15, 2010


Telekom Austria Buys Two Bulgarian Cable Operators

Telekom Austria buys two cable operators in Bulgaria: Megalan Network and Spectrum Net. The two companies are worth 83 million euro free of debt; Telekom will pay about 72 million through Mobiltel.
September 15, 2010


Russian Fund Accuses RZB of Money Laundering

The Russian fund Hermitage Capital, which has been at loggerheads with the Russian authorities for years owing to a major tax fraud case, now accuses the Raiffeisen Zentralbank (RZB) for having aided and abetted the money laundering.
September 14, 2010


Magna - Siegfried Wolf to leave in November

Magna International Inc. today announced that Siegfried Wolf, Magna's Co-Chief Executive Officer, has resigned as a director and officer effective November 15, 2010.
September 13, 2010


EVN building cogeneration plant in Plovdiv/Bulgaria

Today, Prime Minister Bokyo Borissov, Provincial Governor Erwin Pröll and EVN's CEO Burkhard Hofer oversaw the ceremony for the construction of a highly efficient cogeneration plant in the city of Plovdiv.
September 13, 2010


The American Chamber of Commerce in Austria is celebrating its 50th Anniversary

For over 50 years AmCham Austria has been promoting economic and trade relations between Austria and the United States of America.
September 13, 2010


Austria stays among the top three foreign investors of the Czech Republic

After the deep slump of the Austrian-Czech foreign trade during the crisis year 2009 by approximately 20%, things are going up steeply again.
September 13, 2010


XXXLutz takes over Slovenia's largest furniture retailer

The furniture store XXXLutz recently took over Slovenia’s largest furniture retailer Lesnina.
September 10, 2010


Hypo Alpe-Adria-Bank - The new Group Press Officer

Dominic Köfner to take on the role of Group Press Officer for Hypo Alpe-Adria-Bank International AG (HGAA)
September 9, 2010


Slovakia increases VAT temporarily

As soon as the budget is back on its feet, the tax will be 19 percent again, according to Prime Minister Iveta Radicova. A deficit of up to eight percent is forecast for 2010.
September 9, 2010


Zotter intends to conquer German cities

The Styrian chocolate maker Josef Zotter wants to open chocolate shops in the German cities of Berlin, Hamburg and Munich. He is currently looking for experienced franchise partners.
September 9, 2010


Riedel opens office in Shanghai

Georg Riedel, head of family-owned glass maker Riedel, has announced plans to put more focus on the firm’s investment in China.
September 6, 2010


Opel - Plant in Vienna Aspern provides EUR 10.6 million per year to Germany

The staff of the automotive plant of General Motors in Aspern provides around EUR 10.6m p.a. for the reorganization of German car producer Opel
September 3, 2010


CA Immo International completes first phase of DIY store OBI in Romania

Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.
September 2, 2010


Magna - Plan of arrangement completed

Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.
September 1, 2010


OMV to cover 9 percent of Romanian energy demand

The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.
August 30, 2010


Strabag sells joint venture share to Sberbank

Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.
August 23, 2010


Hungary gives bank tax its blessing

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.
July 22, 2010


Constantia Packaging subsidiary with acquisition in Spain

A 100-percent subsidiary of the packaging manufacturer Constantia Packaging AG, which was incorporated a few weeks by the U.S. financial investor One Equity Partners (OEP) is buying in Spain.
July 21, 2010


Banks' equity - "Basel III costs 46 000 jobs"

The stricter rules for the equity of banks will reduce lending by up to 20 percent, says the Institute for Advanced Studies (IHS) in Vienna.
July 21, 2010


Telekom Austria's verifies sale to Russian MTS

Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.
July 20, 2010


Andritz receives major order for new stainless steel works from China

International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.
July 20, 2010


East-Europe Bank - "Hungary carries risks of infection"

The proposed bank tax against the wishes of the IMF is not a good sign, says the head of the European Bank for Reconstruction and Development (EBRD).
July 20, 2010


EVN - Majority of Bulgarian Gorna Arda is sought

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.
July 20, 2010


EURO - Confidence returns

Patient Euro is on the road to recovery. Europe's debt crisis and the financial problems mainly of Greece greatly affected the exchange rate earlier this year. Now, the Euro regains strength. After the low of $1.18, the Euro recovered step by step rising
July 16, 2010


Defying EU fusion reactors

According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.
July 15, 2010


Vienna Stock Exchange buys 16.5 percent stake of the Ljubljana Stock Exchange

The Vienna stock exchange holding company, CEE Stock Exchange Group (CEESEG AG), has made some arrangements with minority shareholders of the Ljubljana Stock Exchange to purchase the remaining shares of its Slovenian subsidiary.
July 15, 2010


Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada

International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.
July 13, 2010