Austria and Eastern European countries - Latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
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Eastern European Countries and Austria | Bilateral Relations

Škoda Increases Efficiency with S&T

The Austrian software company concluded a new IT-system for the Czech car manufacturer.

March 11, 2011

Viennese Stock Exchange Cooperates with Serbian Stock Exchange

The Vienna Stock Exchange welcomes Belgrade Stock Exchange as a new member of the data alliance.

March 11, 2011

Immofinanz: New Tenants for Romanian Procect

The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.

March 9, 2011

Leitl: "Austria Continues as Top Investor in Bulgaria"

Bulgarian President Parvanov for economic talks at the WKÖ: Foreign trade volume between Bulgaria and Austria amounts to € 900m.

March 9, 2011

Telekom Srbija: Duel between Deutsche Telekom and Telekom Austria

In the selling process of the Serbian Telekom, the German and the Austrian telecom companies are seen as favourites.

March 7, 2011

Sales Declining at Spar Hungary

The food trade chain records declining sales in Hungary - for the first time in its history.

March 4, 2011

Major order for Siemens Austria

The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.

February 26, 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

Mixed Results for Investors in Bosnia

The outlook for 2011 is positive. Last year, however, was difficult for Austrian companies in Bosnia-Herzegovina.

February 25, 2011

Erste Group manages € 1.25bn increase of Slovak Bonds

Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.

February 19, 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

EU Requests Nabucco to Enter a Cooperation

The European Union is pushing a merger between Nabucco and the ITGI pipeline project.

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

Porr Enters Alliance in Slovenia

The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.

February 17, 2011

Erste Bank Hungary CEO to resign

Edit Papp, the CEO of Erste Bank Hungary, has decided to pursue other professional opportunities and therefore announced her resignation.

February 16, 2011

Accusations against Hypo Group in Slovenia

The Austrian bank is under investigation because of suspicious real estate and financial transactions.

February 15, 2011

Epic Acquires 93% of Ukrtelecom

The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn

February 15, 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

Sales Increase for Waldquelle

The Austrian-Czech mineral water producer increased its sales moderately in 2010. The market share increases continuously.

February 11, 2011

Potential for Austrian Construction Industry in Poland

Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.

February 10, 2011

Hypo Group Changes Leadership in Slovenia

Both the Slovenian subsidiary bank and the leasing company will receive a new leadership for "restructuring reasons".

February 10, 2011

Upward Trend for CEE Insurance Stocks

CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.

February 10, 2011

Strabag: Poland as a Replacement for Russia?

Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.

February 9, 2011

Business Climate Improves in Eastern Europe

According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.

February 9, 2011

Kapsch Wins Order in Serbia

The Austrian Kapsch CarrierCom wins another order from Southeastern Europe with DataXtender.

February 9, 2011

Rising Bankruptcy Fears in Eastern Europe

The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.

February 9, 2011

150 New Bank Austria Branches in Eastern Europe

The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.

February 9, 2011

Raiffeisen Bank International Acquires 70% of Polbank

The Austrian RBI purchases Polbank for € 490m in cash. Polbank is seen as ideal complement to existing Raiffeisen Bank Polska .

February 4, 2011

Investments in Renewable Energies in the CEE are booming

According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.

February 4, 2011

Siemens Austria Receives an Order for Poland

The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.

February 3, 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

Strabag SE Awarded two Road Construction Contracts in Romania

The Austrian construction company rehabilitates and upgrades national roads DN14 and DN15A. Combined value of both contracts around € 106m.

February 2, 2011

Refunding at S&T Accepted by Banks

The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.

February 1, 2011

Telekom Austria Announces Closing of Spectrum Net Takeover

The acquisition of the second Bulgarian fixed network provider will be completed within the next weeks.

January 28, 2011

New Order in Poland for Kapsch CarrierCom

Kapsch CarrierCom has won the next large order for the deployment of a digital train radio system.

January 28, 2011

Humanomed to Expand to CEE/SEE

The Austrian Humanomed-Group, a health care company, sees potential to expand to countries in (South) Eastern Europe.

January 28, 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

Slow Progress for Nabucco

The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.

January 26, 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

New CFO for Vienna Insurance Group Slovakia

Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer

January 21, 2011

Strabag: Layoff Wave in the Czech Republic

Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.

January 20, 2011

Volksbank: Romania Lowers Results

The losses in Romania constitute a distinct disadvantage, especially for the sale process of the East-Holding of the VBI.

January 19, 2011

Hungary: Calls for Boycotts against Foreign Companies in Hungary

A Hungarian initiative demands that 13 foreign companies be boycotted, including Austrian OMV

January 18, 2011

Poland is a Big Opportunity for Austria's Export Economy

The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.

January 15, 2011

New Perspectives for Nabucco

The European Commission wants to commit Azerbaijan to supply gas to Europe. This is expected to be done via the Nabucco pipeline.

January 14, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

CEE: Raiffeisen Remains Optimistic

The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.

January 12, 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

Polbank: Imminent Decision

The decision for the sales process of Polbank will be announced in the next few days, according to the parent company EFG Eurobank.

January 10, 2011

Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade

67% of Serbian Beogas are being taken over by the Styrian energy company.The concession covers a service area in the Serbian capital, with over 400,000 customers.

January 10, 2011