Sponsored Content
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
Raiffeisen International Bank Intends to Get Further Involved in Poland
After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.
May 10, 2011
Atrium Strengthens Polish Portfolio
Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.
May 9, 2011
Telekom Austria: Serbian Deal Failed
The new offer by Telekom Austria is rejected in Serbia: the sale has failed.
May 7, 2011
Nabucco Announces Further Delay of Pipeline Project
Nabucco Gas Pipeline International GmbH today announces a revised timeline for the Nabucco pipeline project., which is due to a lack in suppliers.
May 6, 2011
Is Nabucco Turning into a Cost Trap?
The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.
May 6, 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
New Bid for Telekom Srbija
The Telekom Austria Group Submits a Revised Conditional Bid of up to € 1.1 Bn for the Acquisition of a 51% Stake in Telekom Srbija
May 4, 2011
Moderate Premium Growth for Merkur Versicherung
Record premium increase of 22.7% in the accident insurance division. Continued upward trend in South East Europe: Merkur increases its market share in Bosnia and Herzegovina to 29.3%.
May 4, 2011
Wolf Theiss Identifies Opportunities in CEE Electricity Markets
Significant legislative changes particularly in Bulgaria and Romania, two of the most dynamic markets for RES-Electricity in the CEE/SEE region, have resulted in a dramatic increase in investor and other stakeholder interest in such projects.
May 3, 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
Serbian News: "Stake in Telekom Srbija already Sold to Telekom Austria"
Although there is still no official announcement from the government on the sale of Telekom Srbija, there is speculation the company has already been sold, Serbian B92 reports.
May 2, 2011
SW Umwelttechnik Reports Satisfying Rise in Sales
Sales of the Austrian technology company were up by 12%. The company completed its first major export projects in Bulgaria and Moldova.
April 28, 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
OMV: No Increase in Share on Petrom
The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.
April 27, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
Eastern Europe as Growing Market for Austrian Wine Exports
Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.
April 23, 2011
Telekom Srbija: Rising Prospects for Telekom Austria
Telekom Austria might still succeed in Serbia with an alternative solution. The mobile subsidiary would have to be handed over.
April 22, 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
Warimpex to launch a Private Placement of Convertible Bonds
The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".
April 20, 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
Immofinanz Opens Tenth Retail Park in Slovakia
STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.
April 15, 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
Cargo-Partner Invests 21.5 Million Euro in Slovakia
The Austrian shipping company cargo-partner sets up a logistics center in Slovakia. The first phase - a 7,300 m² large warehouse of 30,000 square meters - will be finished in early 2012.
April 13, 2011
Telekom Austria Receives an Extension
Telekom Austria has been granted an extension of the deadline for submitting a revised offer for 51% of Telekom Srbija.
April 13, 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
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
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
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 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
Speculations on Improvement of Bid of Telekom Austria in Serbia
Telekom Austria (TA) has time until 12 April to increase the bid for a majority stake in Telekom Srbija. TA does not seem to be totally uninterested.
April 8, 2011
Red Bull Mobile now also in Belgium
The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.
April 7, 2011
Serbia: Intense Resistance to Possible Sale to Telekom Austria
Tempers run high In the sale process of selling the majority government owned Telekom Srbija. The union puts pressure on the Serbian government.
April 6, 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
Hirsch Servo Opens New Plant in Romania
Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.
April 6, 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
Southeastern Europe as a Region of Hope for Austria
Great interest of Austrian companies at the Austria Foreign Trade Forum on Export and Investment Opportunities in Southeastern Europe
April 2, 2011
Falkensteiner Builds in Serbia and Slovakia
The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.
March 31, 2011
Macedonia: Court procedure ELEM – EVN settled
Today ongoing judicial proceedings since 2008 between state-owned ELEM and the Austrian energy company EVN have been terminated by an in court settlement.
March 31, 2011
Telekom Srbija: Improvement required of Telekom Austria
Telekom Austria, as the only bidder is required by the Serbian government to improve its bid significantly in the currently stopped selling process.
March 30, 2011
Romania's Premier: "Sale to OMV was a Huge Loss"
Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.
March 30, 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
Alpine: Confrontation with Polish Authorities
Due to the termination of a construction project, a violent dispute has broken out between the construction company and Polish authorities.
March 29, 2011
Sale Process of Telekom Srbija to be Cancelled
According to Serbian newspapers, the sale of the Serbian telecommunication company to Telekom Austria has failed.
March 28, 2011
Difficult Search for a Buyer for OMV Refinery
The Austrian energy group has tried, so far unsuccessfully, to sell a refinery of its Romanian subsidiary Petrom. Now it will be closed down.
March 25, 2011 · Updated: March 26, 2011; 13:13
Serbia to Decide on Telekom Sale by Monday
The Serbian government still evaluates Telekom Austria´s bid on Telekom Srbija. Telekom Austria could still improve its offer.
March 26, 2011
The Black Sea Region is Gaining in Significance for the Austrian Economy
Austria's sound foreign economic relations with the Black Sea region could be strengthened still further. The export structure of Austria is consistent to a large extent with the import demand of Ukraine and Turkey.
March 25, 2011 · Updated: March 25, 2011; 03:52
Serbia: Bid of Telekom Austria is "Insulting"
Only Telekom Austria remained in the takeover offer for the majority stake of Telekom Srbija. The offer causes resistance in Serbia.
March 23, 2011
Telekom Austria Submitted Bid for Telekom Srbjia
Telekom Austria Group Submits a Conditional € 800-950m Bid for a 51% Stake in Telekom Srbija.
March 22, 2011
Bulgaria: EVN Thermal Power Plant Almost Completed
The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.
March 17, 2011
Fast News Search
This category only
