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Czech Republic in Austria | Czechs in Vienna | Bilateral Relations
Austria and the Czech Republic - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
Czech Consumer Price Index Increased by 1,8% Compared to September 2010
According to research released by the Czech Statistical Office, consumer prices decreased in September by 0.2 %, month-on-month.
October 12, 2011
Increase of Car Production in Czech Republic and Slovakia
Last week, the Czech Statistics Office announced that industrial production since the beginning of the year increased by 3.5 percent mainly due to the automotive industry.
October 12, 2011
Penta Bids for A-Tec Again
The Czech-Slovak group is still interested in an acquisition of the insolvent Austrian conglomerate and has now submitted a new offer.
October 7, 2011
Personnel Changes in the Managing Board of Czech VIG Subsidiary
The Austrian Vienna Insurance Group reshuffles the board of the Czech Kooperativa.
October 5, 2011
Kovats Blames Creditors and Penta
Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan
October 4, 2011
Czech RWE-Subsidiary Plans Pipeline Through Austria
The operators of a gas pipeline “5GL” in the Czech Republic, Austria, Bavaria and Slovenia are considering to build a new pipeline connecting the Souther Czech Republic with Italy and Slovenia.
October 4, 2011
OMV: Withdrawal from Czech Republic Possible
The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.
October 3, 2011
Upward Trend in CEE Real Estate Market
Erste Group: “CEE Real Estate stocks with upside potential of 15%, profitability lags behind”. The upward trend in CEE is driven by low vacancy, strong occupier demand and low pipeline.
October 3, 2011
Dispute Over A-Tec´s Liquidation
After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.
October 3, 2011
Czech Railways Orders 16 Railjets from Vienna
Major Order for Siemens Austria from the Czech National Railways Ceske Drahy: the railway group exercises an option, which was reserved for the Austrian Federal Railways originally.
October 3, 2011
A-Tec to be Dissolved
The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.
October 1, 2011
Atrium Completes the € 191m Acquisition of Palac Flora in Prague
The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.
September 27, 2011
A-Tec Sale: Penta Sues
The Czech-Slovak investment consortium Penta, which made a bid in the A-Tec sale, sues against the award for the competitor Contor Industries.
September 20, 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-Region Remains Essential for Austrian Insurance Companies
According to a current market survey of Fitch, the CEE region plays a central role for domestic insurance companies. There is still growth potential.
September 12, 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
Slow Growth for CEE Telecom Sector Expected
Austrian Erste Group: “Seasonality and mobile data growth as key driver in H2 2011. The industry continues to struggle from slow consumer and public spending – Stabilisation to be expected in 2012.”
September 7, 2011
Raiffeisen Centrobank Reports Increase in Profit
Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.
September 2, 2011
Kovats with New Plans for A-Tec
According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.
August 24, 2011
Green Light for Strabag’s Cooperation with Lafarge
The Austrian construction company has wrapped up the acquisition of a 30% stake in the joint venture with the French building material supplier.
August 5, 2011
Erste Group Planning New Branch Concept for Czech Republic
The Austrian bank’s Czech subsidiary is working on a modern concept which will be targeted at new customer groups.
August 3, 2011
Kapsch CarrierCom Wins Order in Czech Republic
The Austrian technology company was chosen as general contractor for the GSM-R technology in the Czech Republic. The order value is € 20m.
August 3, 2011
Penta Is Extending Offer for A-Tec
The Czech-Slovak investment group has affirmed its interest in a takeover of the Austrian conglomerate and extended the validity of its offer.
July 28, 2011
Austrian FDI Recovered Slightly in 2009
The value of Austrian investments abroad grew by 6% in 2009 and amounted to € 113bn. Companies still felt the impact of the crisis on their profits.
July 26, 2011
RBI’s Direct Bank Zuno Starts Operations in the Czech Republic
Following the launch in Slovakia at the end of 2010, Raiffeisen’s direct bank now takes up business in a second country.
July 19, 2011
Erste Group Manages Bond Issue of Czech Railways
The order book grew in only one hour to € 400m from 60 institutional investors. Approximately 75% have been subscribed by investors from Germany, the Czech Republic and Austria.
June 21, 2011
Bilfinger Berger to Acquire Subsidiary of AE&E
The Czech subsidiary of the insolvent plant manufacturer will become part of the German construction group Bilfinger Berger.
June 20, 2011
Trade with the Czech Republic Is Booming
Austrian companies increased their exports to the country by 32% in the first quarter of the year. In 2010, Austria was the biggest foreign investor.
June 9, 2011
AUA Give Up Their Focus on CEE
Austrian Airlines are going to improve their connections to Western Europe at the expense of their destinations in the East. The company is currently serving 46 airports in CEE.
May 30, 2011
Purchasing Power Parities 2011 from the Austrian Perspective
US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.
May 27, 2011
Alpine Lands Pipeline Project in Czech Republic
The Austrian construction company is going to build 105.8 km of a new gas pipeline. The contract value is € 76.7m.
May 26, 2011
Eastern Europe Becoming Attractive Again
For two years Austrians have abstained from investing in Eastern Europe, resulting in a loss of market share in these countries. Interest starts to recover now.
May 25, 2011
CA Immo Sold Two Shopping Centers in the Czech Republic
The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.
May 24, 2011
Declining Sales at UBM
The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.
May 13, 2011
Expansion Plans at Erste Group and Raiffeisen
RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.
May 13, 2011
VIG Re: Significant Improvements in Results
The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.
May 3, 2011
Erste Group: Slight Increase in Profits Expected
UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.
April 27, 2011
Erste Group Manages € 1.00bn increase of Slovak sovereign bonds
Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors
April 18, 2011
Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller
For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.
April 16, 2011
Austrian Construction Industry Aims at the Czech Republic
Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.
April 13, 2011
No Rush Expected on the Labor Market after the End of the Transitional Periods
After 30 April 2011, an additional access to the Austrian labor market of about 11,500-16,500 people annually from Hungary, the Czech Republic and Slovakia is expected.
April 12, 2011
Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies
The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.
April 9, 2011
Economic Growth in CEE and Austria Remains Solid
Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.
April 6, 2011
Foreign Capital Inflows Make a Comeback to CEE
Foreign direct investments picked up by 9% in CEE; Czech Republic scored best in attracting FDIs, says Erste Group.
March 30, 2011
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 2011
Hardly any Effects Expected by Labor Market Opening
As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.
March 4, 2011
Henkel CEE grows in Eastern Europe
The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.
February 26, 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
Strong Growth for bauMax
The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.
February 18, 2011
Sales Increase for Waldquelle
The Austrian-Czech mineral water producer increased its sales moderately in 2010. The market share increases continuously.
February 11, 2011
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