Belarus in Austria | Belarusians in Vienna | Bilateral Relations

Austria and Belarus - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism

Telekom Austria: Rise in Earnings Predicted

Next Thursday, Telekom Austria will publish its results for the first six months of 2012. After a loss of € 59.0m, Telekom Austria´s net income should grow to € 76.1m.

August 14, 2012

IMF: New Central and Eastern European Constituency

Austria, Belarus, the Czech Republic, Hungary, Kosovo, the Slovak Republic, Slovenia and Turkey have established a Central and Eastern European Constituency at the International Monetary Fund.

July 11, 2012

Kapsch TrafficCom Receives Order in Belarus

Kapsch TrafficCom receives order for a nationwide electronic toll collection system in Belarus. The contract value for implementation of the system reaches € 267m.

February 29, 2012

Telekom Austria: Net Loss of € 253m

Revenues were down by 4.2%. The major impact was the last quarter with losses of € 322m.

February 23, 2012

Stepic Criticizes Rating Agencies Sharply

For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.

February 20, 2012

Massive Losses Expected for Telekom Austria

Loss expectations range from € 194.9m to € 238m. Sales are anticipated to decline by 4.4%.

February 17, 2012

Telekom Austria Expects Significantly Lower Profits

Application of hyperinflation accounting leads to an increase in equity of more than € 400m and an impairment of approximately € 300m in 2011.

January 24, 2012

Siemens Austria: Order from Belarus

Siemens VAI Metals Technologies received a major order from the Belorussian steel producer Byelorussian Steelworks (BMZ),

December 17, 2011

Troubles at State Holding ÖIAG

The dividend policy at Telekom Austria is criticized fiercely. Moreover, the new core shareholders at Telekom and OMV cause fears of takeovers.

December 10, 2011

Telekom Austria: Write-Offs in Belarus

Due to the hyperinflation in Belarus, Telekom Austria´s write-offs could reach up to € 400m.

December 8, 2011

Telekom Austria: “Hyperinflation Accounting” Applicable in Belarus

The Austrian telecommunication group will have to make inflation adjustments for its local subsidiary Velcom.

December 8, 2011

Profit Decline for Telekom Austria

Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.

November 14, 2011

CEE Economic Forum: Green Trends for Eastern Europe

In 2011, Forum Velden in Carinthia celebrates its 5th anniversary. Since its foundation in 2006, over 1.500 experts, top-managers and politicians from over 25 countries have participated in the Forum.

September 7, 2011

Telekom Austria Adjusts Guidance for Devaluation of Belarus Ruble

The Austrian telecommunication group incurred a net loss of € 59.2m in the first half of the year. Revenue expectations for the full year were reduced from € 4.6bn to € 4.5bn.

August 17, 2011

Austrian Companies Hit by Belarusian Crisis

RBI and Telekom Austria are evaluating the effects on their local subsidiaries. Exports to the country could drop by 30%.

May 27, 2011

BDI - BioEnergy Builds Biodiesel Plant in Belarus

The Styrian company expands its operations to Belarus. The order value amounts to € 10m.

December 6, 2010