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Eastern European Countries and Austria | Bilateral Relations
Austria and Eastern European countries - Latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
Investment Attractivity: Poland Ranks Second
According to Ernst & Young, the most attractive location for investments in Europe is Germany, which is followed by its Eastern Neighbour Poland.
June 25, 2012
Austrian Railways and Hungarian MAV to Cooperate
ÖBB and MAV are said to plan a common expansion strategy in Southeastern Europe.
June 25, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
Austrian Lotteries Apply for License in Albania
The Albanian Ministry of Finance offers licenses for foreign applicants. A heavy dispute occurs.
June 22, 2012
Erste Pursues Downsizing Strategy in Romania
Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.
June 21, 2012
Third Major Contract in Romania for Alpine
The Romanian railway line between Vintu des Jos and Simeria to be rehabilitated for € 295m by the Austrian construction company.
June 21, 2012
Polish-American Economic Summit in Warsaw Generates New Orders for Poland
Among the US enterprises which announced new deals with their Polish partners were Boeing, Sikorsky and Westinghouse.
June 21, 2012
CESEE Banks: Small Exposure in Southern Europe
The riskiness of assets held by CESEE banks is manageable, the U.S. rating agency Fitch says. The CESEE region has closer links to Western Europe than to Southern Europe.
June 20, 2012
Shopping Center Industry Sees Still Growth Potential in CESEE
In 2012, about 300 further shopping centers should be built in the CESEE region. The market still shows a great potential, experts say.
June 20, 2012
Intensive Talks between OMV and Romanian Government
The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.
June 19, 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
Major Loss at VBI
The Sberbank-owned Volksbank International (VBI) recorded a net loss of € 95.5m last year.
June 15, 2012
CEESEG: Harsh Environment Depresses Earnings for 2011
CEE Stock Exchange Group reports a massive cut in earnings, which is mainly due to impairment losses of Budapest Stock Exchange.
June 15, 2012
Leitl Underlines Good Relations with Hungary
At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.
June 14, 2012
New Equities at Budapest Stock Exchange
The 23 largest and most liquid European equities from 6 countries and 15 various industries will be available in forints via Hungarian exchange members.
June 13, 2012
Orban Defends Hungarian Economic Policy
The Hungarian Prime Minister Viktor Orban met Austrian policymakers in Vienna. The Hungarian bank tax should be replaced by a financial transaction tax.
June 13, 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
Erste Group Manages Bond Issue in Poland
Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.
June 12, 2012
Austrian Post Signed Deal in Bulgaria
The presence of a company of such a scale in Bulgaria became possible after acquiring shares in the postal operator М&BM; Express.
June 11, 2012
Fischer Has Understanding for Bank Tax in Slovakia
Slovakia wants to introduce bank taxes. Austria´s Federal President Heinz Fischer, who met his Slovakian counterpart Ivan Gasparovic, does not have objections.
June 9, 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
„There´s no Crisis in Eastern Europe“
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
June 8, 2012
Verbund and EVN Develop Hydro Power Projects in Albania
The Austrian energy companies are interested in developping hydro power projects in the Western Balkan country. The investment volume reaches € 80m.
June 6, 2012
Immofinanz Strengthens Presence in Poland
The Austrian real estate group realises first own residential development project in Poland.
June 6, 2012
CEE Banking Sector „Performs Well“
The Austrian Raiffeisen Centrobank sees high-growth potential in the CESEE region. Loan growth is at „healthy levels“, there are „no signs of a credit crunch“.
June 6, 2012
Austrian Furniture Industry Increases its Exports
In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.
June 6, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Erste Raises Stake in BCR
Erste Group’s ownership in BCR increases to 93.27%, following the successful buyout offer for minority shareholders.
June 5, 2012
CEESEG/Ljubljana Stock Exchange: Squeeze-out Proceedings Closed
The CEESEG AG (CEE Stock Exchange Group) would like to announce the successful close of the squeeze-out proceedings concerning the Ljubljana Stock Exchange.
June 5, 2012
„India and China are not the Problems“
Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.
June 5, 2012
Zumtobel „Lights up“ Euro 2012
After its completed orders in Poland and in the Ukraine, Austrian lighting company expects to attain new orders in Eastern Europe.
June 1, 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
Erste Group: Poland and Ukraine Benefit from Euro 2012
EURO 2012 investments helped to boost investments in both countries. € 30.2bn invested whereof approx. 90% spent on infrastructure in Poland & Ukraine.
May 26, 2012
Alpine Lands Another Railway Project in Romania
Alpine, the Austrian construction company, landed another major contract for a railroad project in Romania. The project volume is € 218m.
May 25, 2012
Great Demand for Austrian Tourism Knowledge in Bulgaria
The Bulgarian tourism industry pushes for an improvement in quality. Austrian AWO brings together Austrian suppliers and potential business partners in Bulgaria.
May 21, 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
BCR: Treichl Expects Soon Recovery
Andreas Treichl, CEO of Erste Group, anticipates a soon recovery of the Romanian subsidiary Banka Comerciala Romana.
May 19, 2012
OMV Faces Extraordinary Tax in Romania
OMV´s Romanian subsidiary Petrom is threatened by an extraordinary tax for oil companies. The tax should be introduced in 2013.
May 19, 2012
Another Setback for Nabucco
The German RWE considers leaving the natural gas pipeline consortium. Also the Hungarian MOL will exit.
May 16, 2012
Zsolt Katona is the new CEO of BSE
The Board of Directors of the Budapest Stock Exchange appointed Zsolt Katona to be the new Chief Executive Officer from 15 May 2012.
May 11, 2012
Hungarian Bank Tax May be Abolished
The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.
May 10, 2012
Petrom Posts Strong Rise in Earnings
The Romanian subsidiary of Austrian OMV could raise its EBIT by 38% compared to the first quarter of 2011.
May 9, 2012
Ruttenstorfer Enters Serbian Gazprom Subsidiary
The former CEO of Austrian OMV becomes a member of the supervisory board of the Serbian NIS.
May 9, 2012
Romania: OMV Threatened by Extraordinary Tax
Romania´s new Minister of Economics Daniel Chitoiu forces OMV´s subsidiary Petrom to pay higher taxes.
May 8, 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
Spindelegger Calls for “More Europe” for Bosnia and Herzegovina
Bosnia and Herzegovina must still do some homework in order to be able to apply for EU membership still this year, the Austrian Minister of Foreign Affairs says.
May 4, 2012
Telekom Austria Interested in Kosovo´s PTK
The Austrian telecommunication service provider still shows interest in taking over the Kosovo-based telecommunication company PTK. Last year, the sale was stopped.
May 4, 2012
Austrian Post Continues Expansion in CEE Region
With the purchase of “Kolportaz Rzetelny” and a stake in “M&BM; Express”, Austrian Post expands its Network in Poland and Bulgaria.
May 3, 2012
Budapest Stock Exchange´s CEO Resigns
György Mohai ceases his position as chief executive officer of BSE (Budapest Stock Exchange), a member of CEESEG.
May 2, 2012
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