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Croatia in Austria | Croatians in Vienna | Bilateral Relations
Austria and Croatia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Poland as CESEE´s Locomotive
This year, the CESEE region should record a growth rate of 1.7%. However, the situation is highly different.
July 25, 2012
OMV: No Withdrawal from Germany
The Austrian oil company and petrol station operator will not sell the petrol station business in Germany. By contrast, the downsizing program in the SEE region and in the Czech Republic will be continued.
July 19, 2012
Takeover of Croatian Aluflex Failed
The Austrian Hypo Group Alpe Adria will not sell the Croatian aluminum group to the Swiss MTC (Montana Tech Components).
July 19, 2012
Kapsch CarrierCom Acquires Remaining Shares in Croatian TIS
With the acquisition of the remaining shares in the Croatian subsidiary Kapsch TIS d.o.o., Kapsch CarrierCom is further expanding its involvement in South-Eastern Europe.
July 18, 2012
Croatia Abolishes Mobile Service Tax
Today, the Croatian Parliament decided to abolishes the 6% mobile service tax. For Telekom Austria, this means a substantial relief.
July 10, 2012
Southeastern Europe Faces Recession
According to the Vienna Institute for International Economic Studies (WIIW), Southeastern Europe is the weak point among European emerging countries.
July 7, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 2012
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
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