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Vienna International Company News

OMV to Receive Further Gas Discounts by Gazprom

As reported by Austrian daily “WirtschaftsBlatt” (Thursday issue), Austrian oil company OMV will soon sign a deal with Russian state-controlled Gazprom.

May 14, 2014

Raids at Romanian Affiliate of VIG

A number of business locations of Omniasig, the Romanian affiliate of Austrian insurer VIG, were searched by the police. Several employees are accused of forgergy and abuse of authority.

May 14, 2014

voestalpine to Invest Further in China

Listed Austrian steel producer voestalpine opened another business location in China.

May 14, 2014

Conwert Slips into the Reds

Austrian residential real estate enterprise is facing a hard time in Germany.

May 14, 2014

Bank Austria's Ukrainian Subsidiary Not Yet To Be Sold

Because of the crisis in Ukraine the planned sale of Bank Austria's Ukrainian subsidiary has been halted.

May 13, 2014

OMV Aktiengesellschaft - Quarterly Report

OMV Aktiengesellschaft is declaring the following financial reports below.

May 13, 2014

Romania: Banca Transilvania Gives Shares to Employees

As part of the loyalty program, the Romania lender gave almost 10 million shares to its employees.

May 12, 2014

Czech Republic: CEZ Losing With RWE Contract?

A gas contract with German RWE is causing the Czech energy group losses in the billions.

May 12, 2014

Czech Arca Capital to Invest in Romania

As reported by daily E15, Czech investment group Arca Capital is planning to make a huge investment in Romania.

May 12, 2014

Austria: Creditors of DiTech Faced With Total Losses

The Austrian computer equipment retailer has filed for insolvency proceedings at the end of March.

May 12, 2014 · Updated: May 13, 2014; 10:55

Czech Republic: Rosatom to Complete Temelin?

Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.

May 12, 2014

Nexans to Build Plant in Bulgaria

According to the Bulgarian Economy Ministry, French cable car constructor Nexans will establish a plant employing 600 persons.

May 12, 2014

Amazon Gets New Warehouse in the Czech Republic

US-based online retailer Amazon will get a warehouse in the EIA informationsystem in the Černovická terasa industrial zone in Brno.

May 12, 2014

Croatia: Adris Grupa to Bid for Insurer Croatia Osiguranje

The Croatian financial regulator HANFA has approved Adris Grupa, the largest tobacco company on the Balkans, placing its bid to take over insurance company Croatia Osiguranje.

May 12, 2014

South Korean Bank Preparing for Business in CEE

Shinhan Bank, one of the largest banks in the South Korea, will open branches in Poland.

May 12, 2014

Croatian Brodosplit Landed Important Contract

The Croatian ship manufacturing company Brodosplit has signed a contract with Germany’s Kranunion.

May 12, 2014

Swiss Telecoms Services Provider TalkEasy to Enter the Austrian Market

TalkEasy aims to target the unhappy customers of Telekom Austria, which recently raised its tariffs substantially.

May 12, 2014

World Bank Approves Health Loan to Croatia

The Croatian government will use the World Bank’s funds for a national health program.

May 9, 2014

Romania: Raiffeisen Bank Issues Unsecured Bonds

Raiffeisen announced plans of issuing unsecured bonds at the stock exchange in Bucharest with a nominal value of RON 500m (€ 112.8m) with a maturity of five years.

May 9, 2014

CEE: Surge in Sales for French Lafarge

The French building material group Lafarge saw a strong increase in sales in Romania and Eastern Europe in general.

May 9, 2014

CEZ Bulgaria in “Full Compliance with the Law”

CEZ, along with other foreign utilities in Bulgaria, does not regard itself being obliged to pay a certain amount to state-controlled utility NEK.

May 9, 2014

MOL Group Acquires 208 Filling Stations in Three CEE Countries

MOL Group’s retail network grows to almost 2,000 service stations across 11 countries. The Group’s market presence expands significantly in the Czech Republic, Slovakia and Romania. Retail network expansion further strengthens MOL Group’s role in CEE.

May 9, 2014

Telekom Austria: Considerable Losses in Croatia

Telekom Austria’s Croatian affiliate Vipnet saw a sharp decline in profits.

May 9, 2014

German Retailer Metro Faces Massive Losses in CEE

Sales in CEE declined 14.8 percent last year for German retail and wholesale enterprise Metro Group.

May 9, 2014

Bulgarian Mobile Affiliate of Telekom Austria Posts Loss in Profits

In the first quarter of 2014 revenues of Mobiltel, Bulgarian mobile operator and affiliate of Telekom Austria, dropped 6.4 percent year-on-year.

May 9, 2014

Fiat Intensifies Investments in Poland

As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.

May 9, 2014

Croatia to Place New Eurobond by June

The Croatian government plans to issue a Eurobond until the beginning of June.

May 9, 2014

Poland: Banking Industry’s Profits Down

In the first quarter this year, the net profit of Polish banks came at PLN 3.97bn (€ 944m, down by 2.9 percent year-on-year, as reported by the Polish financial market regulator KNF.

May 9, 2014

Michelin to Downsize in Hungary

French tyre producer Michelin announced to shut down ist tyre plant in Budapest and relocate to Romania.

May 9, 2014

MOL: Oil Supply to Hungary not Endangered

According to Hungarian oil and gas enterprise MOL, the supply to Hungary is not endangered by the delivery stop of Russian oild products passing through Ukraine.

May 9, 2014

Sanction Imposed on Expobank

Russian-Latvian Expobank was added to the Canada’s black list.

May 9, 2014

Calls for European Energy Union Become Louder

Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.

May 9, 2014

Austria DIY Chain BauMax Avoided Insolvency

Austrian leading DIY chain bauMax announced cost saving programs as part of its restructuring measures in Turkey, Romania, Bulgaria and Croatia. BauMax intends to focus on profitable business locations only.

May 9, 2014

Verbund: Trying to Get Rid of Sorgenia

The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.

May 8, 2014

Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).

May 7, 2014

Hypo Group to Shut Down Subsidiaries in Italy

Until the end of this year five subsidiaries in Italy will be closed.

May 6, 2014

Pewag Striving for Larger Market Share in US

The Austrian snow chain manufacturer appreciates the label “Made in USA”.

May 6, 2014

“US Rolls Out Red Carpet for Austrian Industrial Enterprises”

Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.

May 5, 2014 · Updated: May 6, 2014; 13:25

Agenda Austria 2020: Economy = State

The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.

May 5, 2014

Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.

May 5, 2014

Austria: Calls for More Competence in Real Estate Management Become Louder

Stock Exchange Guru Alexander Proschofsky and real estate expert Peter Hohlbein are fighting for a seat at Conwert’s administrative board. Proschofsky has been criticizing the strategy of the listed Austrian real estate company.

May 5, 2014

Hypo Group: Shady Deals with Balkan Diplomats

The Austrian problem bank Hypo Group has troubles recovering debts.

May 3, 2014

Bulgaria: Banking Sector Getting Back on Feet Again

In the first quarter this year profits of the Bulgarian banking sector grew by 34 percent.

May 2, 2014

Bank Austria: “Russia is Still Profitable”

According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.

May 2, 2014

Slovenian Banka Celje Needs Further State Aids

Because of the failed capital increase in the amount of € 160m, Banka Celje is requiring further state capital.

May 2, 2014

Austria: Hypo Group Investigation Committee to be Established?

Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?

May 2, 2014

Fitch Upgrades Rating for Slovenia

Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.

May 2, 2014

Majority of Czech Entrepreneurs Want Euro

According to a survey, more than three quarters of Czech entrepreneurs are in favor of the country adopting the Euro.

April 30, 2014

Austria: Hypo Reveals Profit Losses

The Austrian branch of Hypo Bank, which was privatized last December and is going to be renamed to Austrian Anadi Bank, has published the annual financial report for the year 2013.

April 30, 2014

Austria Gives up Bank Secret for United States

Austria and the US have signed an agreement for the exchange of fiscal data. However, the agreement could be renewed soon.

April 30, 2014