Austria and Croatia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Page 9/10

Croatia in Austria | Croatians in Vienna | Bilateral Relations

Uniqa Completes Sale of Mannheimer Group

The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.

June 29, 2012

Infineon to Invest € 250m in Austria

In 2012, Infineon Austria´s CEO Monika Kircher-Kohl wants to make investments of € 250m. The high tech company is already looking for new staff.

June 28, 2012

Real Estate Crisis in the Balkans Has Deepened

Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.

June 28, 2012

Euris Interested in Croatian TLM-TVP

The Austrian aluminum trader Euris shows interest in the Croatian aluminum rolling mill. Austrian Hypo Group is the seller, the Swiss Montana Tech Components is still a potential buyer.

June 18, 2012

OMV Negotiates Petrol Station Sale with Russian Zarubezhneft

The Austrian oil and gas group OMV intends to sell its petrol station network in Croatia and Bosnia. The Russian Zarubezhneft seems to be interested.

June 12, 2012

TLM Sale Process Stopped

Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.

June 8, 2012

S Immo: Eurocenter in Zagreb Fully Let

The Austrian real estate company S Immo has gained another internationally renowned tenant – Zagrebačka Banka d.d. – for its Eurocenter office building in Zagreb. Thus it is now fully let.

May 30, 2012

Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn

The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn

May 21, 2012

Croatian Subsidiary of Alpine Said to be Insolvent

Osijek Koteks, the Croatian subsidiary of the Austrian construction group faces severe problems. According to rumors, Osijek Kotekts is illiquid.

May 8, 2012

Improved Business Atmosphere in CESEE Region

According to a survey by OeKB (Oesterreichische Kontrollbank), expectations of investors are beyond the level of January. Austrian exports to the CESEE region may increase.

May 4, 2012

Austria to Intensify Cooperation with Croatia

The Austrian Minister of Economics met his Croatian counterpart in Vienna. Above all, the EU-accession and investments were discussed.

April 24, 2012

Agrana Aims for Expansion into Balkan Region

The Austrian sugar and starch company Agrana is looking for acquisition targets in the Western Balkans.

April 23, 2012

OMV´s Petrol Stations: Potential Buyers in Sight

The Austrian oil and gas company OMV plans to sell its petrol stations in Croatia and Bosnia. Local investors show interest.

April 17, 2012

Lutz Continues Expansion Program

The world´s second largest furniture house intends to grow in Eastern and Southeastern Europe.

April 7, 2012

EVN Raises Investments in Croatia

The Austrian energy company expects the beginning of a market consolidation in Croatia. Investments are rising.

March 21, 2012

Croatian Banks: Rise in NPL Ends

Croatian banks do not expect any further hike in the level of bad loans, which surpassed 12 percent at the end of 2011, the national banking association HUB said.

March 19, 2012

Uniqa Aims for Growth in CESEE Region

The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.

March 5, 2012

Austrian Economy Appreciates Serbian Approach to EU

Serbia officially became candidate for the EU-access. Christoph Leitl, President of the Austrian Chamber of Commerce, emphasized the importance of the “European perspective” for Serbia.

March 2, 2012

Saubermacher Leaves Croatia

The Austrian waste treatment acquired a stake in the largest Croatian waste management company. Now, the stake is sold again.

February 29, 2012

Sberbank Upgrades VBI´s Headquarter in Vienna

After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.

February 20, 2012

CEO of PlusCity Increases Engagement in Croatian Westgate

Ernst Kirchmayr, CEO of the Upper-Austrian shopping center has raised his stake in the Zagreb-based shopping center “Westgate”.

February 8, 2012

Montana Tech Components Acquires Croatian Aluminum Companies

The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.

February 6, 2012

Hypo Group to Cut Jobs

The Austrian Hypo Group Alpe Adria continues its downsizing program. 800 employees will be laid-off.

February 1, 2012

New Tax Burden for Telekom Austria

Telekom Austria has to pay tax on mobile network services in Croatia.

January 30, 2012

3E Group Grows in Eastern Europe

The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.

January 30, 2012

Hypo Group´s Result „Close to Zero“

CEO Gottwald Kranebitter announced that Hypo Group Alpe Adria could reduce its losses significantly in 2011.

January 30, 2012

Good Export Chances in SEE Region

The Austrian Chamber of Commerce regards South-Eastern Europe as growth region. Importance for the Austrian export industry is seen to increase.

January 28, 2012

Lutz Enters Croatia

The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.

January 26, 2012

Leitl: „Croatians are Most Welcome“

The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.

January 23, 2012

OMV to Sell Petrol Stations in Croatia and Bosnia

The Russian oil company Zarubezhneft is interested in OMV´s Bosnian and Croatian petrol stations.

January 18, 2012

Telekom Austria Faces New Taxes in Croatia

Croatia re-introduces extraordinary taxes for telecommunication operators. The local government is criticized by Telekom Austria and the EU.

January 13, 2012

VIG Has „No Problems in Hungary“

“We are an insurance group and not a bank.”, said the management of Vienna Insurance Group. Nevertheless, the developments are observed thoroughly.

January 11, 2012

Wettpunkt Invests in Croatia

The Austrian betting company expands its operations in Croatia. Investments of € 10m were announced.

January 4, 2012

Airport Zagreb: Strabag Not Awarded

Two offers for were submitted for the enlargement of Zagreb Airport. Strabag´s offer has been rejected.

December 13, 2011

Austrian Investor Interested in Croatian Aluminum Company

The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.

December 10, 2011

Austria´s Industry Supports Croatia´s EU Accession

The Austrian Chamber of Commerce sees a huge interest of the domestic economy in Croatia´s EU accession. In 2010, Austria was the largest investor.

December 10, 2011

Sale of Croatian OMV Petrol Stations Begins

OMV´s current market share in Croatia is 13%. Almost every major oil company in Europe shows interest.

December 9, 2011

OMV Sells Croatian and Bosnian Subsidiaries

In line with the strategy of the Austrian oil and gas company, the sale of the retail and commercial business in Croatia (OMV Hrvatska d.o.o) and Bosnia-Herzegovina (OMV BH d.o.o) is under consideration.

December 6, 2011

Bewag Sells TV Station BKF

The regional energy provider and a Viennese publishing house have agreed on the sale. Closing is expected to take place in December.

November 25, 2011

VIG Raises Equity Base in Croatia

The local authority claimed for a capital increase for the Croatian subsidiary of Vienna Insurance Group. Now, € 15m were transferred.

November 16, 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

Croatian Parliament Abolishes 6% Mobile Service Tax

The local subsidiary of Telekom Austria benefits from the abolition of the special tax which caused expenses of € 15.2m in 2010.

October 28, 2011

Rabmer Building Opens a New Subsidiary in Poland

Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.

October 24, 2011

Hypo Group: „Need Time, not Cash“

Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.

October 18, 2011

Still Danger of Overheating in SEE Property Markets

According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.

October 15, 2011

No Common Trend for CEE-Countries

Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.

September 13, 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

Cineplexx Grows Further in SEE Region

The Austrian cinema group takes over two major cinemas in Serbia and Montenegro. Thus, Cineplexx already runs five cinemas in former Yugoslavia.

September 5, 2011

BKS Bank Continues Expansion Course

The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.

August 19, 2011

Telekom Austria Closes Acquisition of Croatian B.net

The Austrian telecommunications group has received green light from Croatia’s competition authority for the acquisition of the country’s largest cable operator.

August 8, 2011