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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
Bank Austria Plays Down Hungary Risks
The head of UniCredit unit Bank Austria's central and eastern Europe business played down potential risks from Hungary in a magazine interview published on Friday.
March 19, 2012
“The Czech Republic Has Traditionally Been an Important Partner for Austria”
Austrian State Secretary Waldner meets Czech EU State Secretary Belling.
March 19, 2012
Bulgaria Suspects OMV, Lukoil, Rompetrol of Price Fixing
Bulgaria’s antitrust regulator said four fuel retailers including the Bulgarian units of OMV AG of Austria, OAO Lukoil , Russian oil producer, Rompetrol Rafinare SA and Petrol AD are suspected of being involved in price fixing.
March 17, 2012
Atrium Considers Secondary Listing on the Warsaw Exchange
The Vienna-listed, Jersey-based real estate company reviews a secondary listing at Warsaw Stock Exchange.
March 16, 2012
Raiffeisen Energy & Environment Sells Bulgarian Assets
The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.
March 14, 2012
CEE Exchange “Open to Merger of Equal”
The CEE Stock Exchange Group, which includes bourses in Vienna, Budapest, Prague and Ljubljana, said it’s open to holding “merger of equals” talks with the Warsaw Stock Exchange (GPW), its biggest rival.
March 13, 2012
Basescu Criticizes OMV Sharply
The Romanian President Traian Basescu is deeply disappointed of the Austrian oil and gas company OMV. The Romanian subsidiary “made too much profits”, Basescu says.
March 13, 2012
Austria Wants More Leeway for Hungarian Budget
The Austrian Minister of Finance Maria Fekter criticizes the EU. Hungary is not treated equally, Fekter says.
March 13, 2012
Alpine to Build Beltway in Romania
Beltway to solve Brasov's traffic problems. The Austrian construction company prevails over six competitors in Romania.
March 13, 2012
Austrian Railways: Hope for RCA
Rail Cargo Austria, the freight division of Austrian Railways (ÖBB) seems to have achieved the turnaround. In 2010, RCA caused losses of € 67m.
March 10, 2012
RBI Optimizes Its Structure of Participations
EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.
March 8, 2012
Foreign Direct Investment in Austria Increasing
In 2011, a moderate decline in new enterprise settlements was registered. Investments grew by 34%.
March 8, 2012
Austria and Bulgaria Clear Way for Business-Friendly Climate
Business representatives from Austria and Bulgaria agreed upon a business-friendly climate and clear rules at a Sofia forum,
March 8, 2012
Henkel CEE Achieves Stable Results
The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.
March 8, 2012
RHI Has Growth Plans
The Austrian producer of fireproof ceramics puts effort into growth. Major investments and acquisitions are planned.
March 7, 2012
Fitch Confirms Rating for VBAG
The U.S. rating agency retains the A rating for the fourth largest Austrian bank.
March 7, 2012
EVN to Delist Bulgaria Units
Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange.
March 7, 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
Eder: „Environmental Policy Endangers Economy“
Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.
March 5, 2012
Car Deal Pappas Achieves Growth in Hungary
The Austrian car dealer group could achieve sales of € 129.1m in Hungary. In spite of the economic crisis, sales climbed up by 12%.
March 3, 2012
Komptech Increases Turnover to € 111m
The Austrian environmental specialist enjoys the best year in its company history. Infrastructure projects enable continued growth.
March 3, 2012
RHI Eyes Serbia’s Magnohrom
RHI, the Austrian maker of fire- proofing ceramics, is interested in Magnohrom, Serbia’s sole basic refractory product manufacturer, Privatization Agency chief Vladislav Cvetkovic said.
March 3, 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
Gigasport Withdraws from Czech Republic and Slovakia
The Austrian sports brand closes twelve branches in the Czech Republic and Slovakia. 280 workers are affected.
March 1, 2012
Immofinanz Group Develops Office Building in Prague
The Austrian real estate group makes an investment of 24.6m in the Czech Republic. The project will be finalized in 2013.
February 29, 2012
Negative Operating Results for Kapsch TrafficCom
Due to delays in two major projects, the Austria toll collection system supplier recorded operating losses in the third quarter of 2011/12. Revenues were up massively.
February 29, 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
Austrian Railways Looking for Partners
ÖBB (Austrian Railways) wants to re-launch its foreign markets with local partners. After 2008, ÖBB had to downsize operations abroad.
February 28, 2012
High Losses for Erste Group Expected
Although Erste Group has to report high losses for its financial year 2011, analysts are optimistic for 2012. Business in Romania and Hungary is expected to improve.
February 28, 2012
Merger of Nabucco-TANAP Discussed
Members of the gas pipeline projects Nabucco and TANAP talk about a merger in Vienna. The Turkish Minister of Energy participates therein.
February 28, 2012
Atos Keeps Vienna as CEE Headquarters
After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.
February 27, 2012
Partial Nationalization of VBAG Planned
The financially stricken Austrian bank receives new capital. The Republic of Austria makes contributions of € 1.05bn. Bank taxes will increase.
February 27, 2012
Polytec Aims For Expanding in Asia
Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.
February 27, 2012
Immofinanz to Become a „Property Machine“
CEO Eduard Zehetner wants Immofinanz to become a full developer, operator and seller of top-real estate objects. The company should be transformed to a “property machine.”
February 25, 2012
Hungary is Optimistic to Reach Agreement with IMF
The Hungarian ambassador in Vienna, Vince Szalay-Bobrovniczky is convinced to solve the current financial crisis soon. Hungary aims for re-gaining trust of investors.
February 25, 2012
EVN: Rise in Sales, Decline in Profits Expected
The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.
February 24, 2012
Siemens Austria Has Growth Targets
The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.
February 24, 2012
Slight Growth Rates of Spar in CEE Region
For the first time, the Austrian supermarket chain´s sales totaled more than € 12.0bn in 2012. Sales growth amounted to 3.8%.
February 24, 2012
Baumax Faces Stagnation
The Austrian building center chain records declining sales in real terms in Austria. Growth rates are observed in Eastern Europe.
February 24, 2012
CSC Establishes its CEE Headquarters in Vienna
The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.
February 22, 2012
Petrom Discovered Deep Water Gas Offshore Romania
The Romanian subsidiary of the Austrian oil and gas group OMV announces a first major success of its exploration works in the Black Sea together with Exxon Mobil.
February 22, 2012
Erste Group Manages Issue of Czech Republic € 2.0bn Bond
The Austrian bank observed good demand for the Czech sovereign bonds offering: total orders of approx. € 3.5bn from over 190 investors.
February 22, 2012
OMV Surpasses Market Expectations
The Austrian oil and gas company today announced its results for the fourth quarter. Dividends will rise to € 1.10 per share. Clean CCS EBIT was up by 29%.
February 22, 2012
Nabucco Still Competes For Gas in Azerbaijan
The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.
February 21, 2012
Stepic Criticizes Rating Agencies Sharply
For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.
February 20, 2012
Prague Stock Exchange and CCP.A to Cooperate
Prague Stock Exchange (PSE) and Austrian clearing house Central Counterparty Austria (CCP.A) signed a Memorandum of Understanding on the cooperation in cash markets.
February 20, 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
Voestalpine Amends Expansion Plans
The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.
February 18, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
Massive Losses Expected for Telekom Austria
Loss expectations range from € 194.9m to € 238m. Sales are anticipated to decline by 4.4%.
February 17, 2012
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