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Romania in Austria | Romanians in Vienna | Bilateral Relations

VBAG: First Half Year with Losses of € 87m

Partly-nationalized VBAG made net losses in the amount of € 87m in the first half of 2013. In the first half year of 2012 high book profits caused profits to be slightly above zero.

August 29, 2013

Romania Claims Compensations for Nabucco

Romania claims EU compensation for abandoned Nabucco project.

August 29, 2013

Romania: Government Loans Declined 1.2 Percent

Romanian Government loans granted by credit institutions declined by 1.2 percent.

August 27, 2013

Bulgaria and Romania to Strenthen Relations

Bulgaria and Romania plan to strengthen relations at bilateral, regional and European level.

August 26, 2013

Romanians Not Satisfied with Wages

More than half of Romanian employees claim not to be paid enough for their work.

August 22, 2013

Ukraine Diversifies Sources of Reverse Gas Supply

Ukraine plans on soon opening two more routes through Romania and Slovakia.

August 22, 2013

Romania: Without Nabucco, Better Chances for Higher Pay-Out for Transgaz

This year's tariffs revisions are better suited to protect the company for the drop in gas consumption, thus RBI sees lower risk of unrealized revenues.

August 20, 2013

Romanian Real Estate Market to Stabilize

According to a study, the real estate market in Romania has stabilized again.

August 19, 2013

RBI´s CEO Sevelda: Drastic Losses in Hungary

Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.

August 17, 2013

Romania: GDP Slowed Down in Second Quarter 2013

Romania: GDP slowed down in Q2, as expected by RBI.

August 16, 2013

New Erste Group Loan Contributes to La Fantana Recapitalization

La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.

August 13, 2013

Industrial Production Rose in Romania and Greece

In June 2013 compared with May 2013, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union.

August 13, 2013

Romania: Positive Inflation Development

Inflation dynamics in Romania surprised on the positive side in July.

August 13, 2013

Romania: Significant Drop in Purchase Power

General consumption climate is unfavorable in Europe at the moment.

August 12, 2013

Romania: Significant Decrease in FDI

Non-residents’ direct investment in Romania estimated at EUR 666 million (as compared with EUR 826 million in January-June 2012).

August 12, 2013

Romania: Good Prospects for Economic Upturn

In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.

August 9, 2013

Petrom: New Unit at Petrobrazi Refinery

OMV Petrom commissioned the new gas desulfurization and sulfur recovery unit at Petrobrazi.

August 8, 2013

Raiffeisen Bank International AG - SWOT Analysis & Company Report

This report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.

August 8, 2013

Credit Crunch in CESEE?

The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.

August 7, 2013

Romania: Another Major Privatization Ahead

Romania´s government intends to sell the publicly held share in the telecommunication group Romtelecom.

August 6, 2013

„CESEE Will Come Back“

Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.

August 6, 2013

RBI Considers Withdrawing from Hungary

The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.

August 6, 2013

Retail Trade: Sharp Decrease in Slovenia and Romania, Poland

Volume of retail trade down by 0.5% in euro area Down by 0.3% in EU27.Poland and Romania register strong growth rates.

August 5, 2013

Romania Initiates Structural Reforms

In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.

August 3, 2013

CESEE Remains Attractive for Austrian Investors

According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.

August 1, 2013

Romania’s Economic Recovery Expected to Strengthen.

Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.

August 1, 2013

Romania: Drop of VAT on Bread and Baked Goods

Around 70 percent of Romanian bread and baked goods are sold on the black market. A drop in VAT is supposed to change that.

July 31, 2013

Trend: Service Industry Drifts to CESEE

Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.

July 30, 2013

Romania: Privatization as a Potential Driver for Economy

Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.

July 29, 2013

OMV: Problems in Libya Slow Down Production

The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.

July 24, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 2013

CESEE Countries Show More Fiscal Discipline

Euro area government debt up to 92.2% of GDP. EU27 debt up to 85.9%. The debt increase in Hungary, Poland, Bulgaria, Romania and the Baltic countries was very decent or even negative.

July 22, 2013

EU: Highest Inflation in Romania, lowest in Poland

Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%

July 17, 2013

ExxonMobil Signs Agreement with Ukrainian Government

ExxonMobil regards 45bn cubic meters of gas production realistic.

July 15, 2013

Erste Group Bank AG - SWOT Analysis & Company Report

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

July 12, 2013

OMV Petrom Sold Subsidiary

OMV Petrom sold its subsidiary Petrom Distribuţie Gaze SRL.

July 11, 2013

Ukraine Looking for Alternative Gas Suppliers

Gas supply from Europe to Ukraine may stimulate pricing of Russian import.

July 8, 2013

OMV Petrom Set World Record in Casing Drilling.

OMV Petrom, the largest oil and gas producer in Southeastern Europe, set a world record in the field of casing drilling in terms of diameter of drilling column and depth.

July 5, 2013

Hungarian MOL to Invest $ 38m in Romanian Exploration

Hungarian oil and gas company MOL plans to invest $ 38m in the exploration and production of hydrocarbon resources in Western Romania.

July 3, 2013

Nabucco: Flop for OMV and EU

Petrom will resume exploration drilling in offshore Black Sea block.

June 27, 2013

Austrians to Invest Strongly in FDIs

Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.

June 26, 2013

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

US: Active Investor in Romania

US companies remained active investors in Romania last year. Particulary the IT sector, automotive industry and oil/gas sector are increasingly strengthening their local position. Foreign direct investments from the US came at more than $ 1bn.

June 24, 2013

Dispute About Tender for Orient Express

The Orient Express once led through Romania. These days, this section is cause for legal disputes in connection with the tender in the amount of € 330m.

June 13, 2013

Verbund Puts Wind Farms in Romania into Operation

One of the largest onshore wind farms of Europe with a 225 megawatt capacity near the Black Sea coast.

June 13, 2013

Bulgaria: Protests Against Shale Gas Exploration

Protests will make it problematic for the new Bulgarian government to lift the moratorium on shale gas exploration.

June 10, 2013

WKO Export Day in Vienna

On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

June 8, 2013

S Immo AG: Green Building Certification And Another Award In SEE

BREEAM certificate and SEE Green Building Award for S Immo properties.

June 4, 2013

Romania: Erste Forecasts Economic Growth at 1.8 Percent

Erste keeps Romania's economic growth forecast for 2013 unchanged at 1.8 %.

June 3, 2013

Romania: No Investors for Post Company

Debts and a collective agreement which makes restructuring impossible until 2018 are among the main reasons the company is not attractive to potential investors.

May 29, 2013