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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
Deripaska: Back to Austria as Strabag Shareholder?
In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.
September 29, 2010
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia
After the debacle of the Hypo Group Alpe Adria (HGAA), the Bayerische Landesbank will have to wait up to 7 years for the repayment of the 3.9 billion euro. The repayment plan provides for this period.
September 28, 2010
UniCredit: Andrea Orcel is Possible Successor to Profumo
Andrea Orcel, chief executive of the Global Banking and Markets division of Bank of America Merrill Lynch is rumored to be the favorite in the race to succeed the retiring UniCredit CEO Alessandro Profumo.
September 24, 2010
Oerlikon: Acquittal for Stumpf, Vekselberg, Pecik
In the case of Oerlikon, the Swiss Federal Criminal Court acquitted investors Viktor Vekselberg, Georg Stumpf and Ronny Pecik from the charge of violating the Exchange Act in the case of OC Oerlikon.
September 24, 2010
MTH Handels-Holding of Josef Taus permitted to acquire German retail chain Mäc-Geiz
The sale of the insolvent German retail trade chain Mäc-Geiz has been completed. Anti-trust authorities have approved the takeover of the German company by MTH Handels-Holding GmbH (Vienna) controlled by the Austrian industrialist Josef Taus.
September 23, 2010
Austria Continues Being the Largest Investor in Romania
"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"
September 23, 2010
Mitterlehner Meets Hendry: Development of Renewable Energies
The Finance Minister met with the British Energy Minister Charles Hendry for talks about the energy policy in the EU, the development of renewable energy sources and increasing the security of energy supply.
September 21, 2010
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
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