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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
Telekom Austria Refrains from an Acquisition of Telekom Srbija
For the time being, the Austrian telecommunications group has no intention to pursue a deal with the Serbian government after negotiations had failed in May.
June 16, 2011
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Telekom Austria Acquires B.net Hrvatska
The telecommunications group purchases Croatia’s largest cable operator from Bewag, an Austrian regional electricity supplier.
June 8, 2011
Zagreb Airport: Austrian construction companies hope for an addition
Austrian construction companies Strabag and Alpine fight for the award of an additional contract in a € 200m project.
May 11, 2011
Immofinanz takes over 100% of Zagreb’s Grand Centar
Immofinanz acquired the remaining 20% stake in the Grand Centar in Zagreb through its subsidiary Immoest Allegro. This stake was previously held by Generali Immobilien AG.
May 5, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
EVN Makes € 105m Investment in Croatia
The Croatian subsdiary of the Austrian energy company EVN started construction works on Zadar county gas network.
April 14, 2011
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Cineplexx Expands
The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.
April 12, 2011
Saubermacher: Further Expansion in the SEE Region
The Austrian waste recycler takes over a Croatian supplier and takes further expansion steps.
April 6, 2011
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
AE&E Quota only 5%
The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.
February 17, 2011
Telekom Austria Stands Before a Purchase in Croatia
The Burgenland energy operator Bewag might divest itself in future from its Croatian telecommunications subsidiary.
February 12, 2011
Consumption Expenditure of Foreign Tourists Grows
Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.
February 3, 2011
U.S. Embassy on Hypo Group: "Mini-empire in the Balkans"
New Wikileaks documents indicate that the U.S. Embassy analyzed the symbiosis between the Austrian financial and political scene.
January 27, 2011
Croatian Purchase for Telekom Austria
Telekom Austria is facing the purchase of Croatia's fixed-network provider Metronet for the amount of € 100m. However, the bidding process is not complete yet.
January 25, 2011
Telekom Austria: New Acquisitions in Croatia?
The signs of Telekom Austria’s efforts to expand in Croatia are getting more evident. The group is being discrete however.
January 12, 2011
Spindelegger: Turkey's Joining the EU Will Not Happen Before 2024
In an interview with the "Wirtschaftsblatt", the Austrian Foreign Minister stresses the relevance of Turkey. Croatia should come into the EU much earlier EU.
December 29, 2010
Garage Operator Company List Expands to Hungary
The Vienna-based List Group, which acts as real estate company, acquired the Wipark Group in Hungary.
December 28, 2010
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