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Austria and Romania - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Erste Group: CEE Companies More Efficient than Western Counterparts
CEE companies are more efficient, more profitable and less indebted as Western companies. The German corporate sector is the only sector to compete with CEE companies.
November 10, 2010
Nabucco: First Deliveries Before Year-End
While sharp criticism of the pipeline project is heard again from Moscow, there is optimism at Nabucco.
November 9, 2010
Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver
The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.
November 8, 2010
New Retail Project in Constanta for Immofinanz
A new center located in Constanta, Romania, offering international tenants business opportunities in 130 retail units, will be opened in 2011.
October 30, 2010
Wienerberger Plans Full Takeover of Semmelrock International
The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.
October 29, 2010
OMV: Complete Takeover of Petrol Ofisi Fixed
The deal is finished. Turkey will be the third main market for the OMV group.
October 22, 2010
Coface CEE Top 500 - Poland Largest Number of Companies in CEE
Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.
October 12, 2010
Postponed: Decision on Nabucco Not Before 2011
Because the talks with the main supplying country Azerbaijan are proceeding with exceeding slowness, the decision about the construction of the pipeline will not be possible this year.
October 8, 2010
Demmers Teehaus Seeks Entry into New CEE Markets
The Austrian tea specialist Demmer, who is expanding into CEE with a franchising strategy, wants to enter new markets.
September 30, 2010
Humanomed Takes Over Management of Private Clinics in the CEE Region
The know-how of the private clinic operator is to be exported. The objective is not to only give advice, but also to take over the management of private clinics in the CEE region.
September 28, 2010
CEE Real Estate: Outlook is brightening
CEE real estate stocks are currently in a phase of brisk corporate action. Financially sound companies with attractive assets are interesting takeover targets, while other companies are being taken over.
September 27, 2010
Austria Continues Being the Largest Investor in Romania
"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"
September 23, 2010
CEE Banking Sector Report: Still More Credit Losses in the East
The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.
September 21, 2010
Liquefied Natural Gas: Plans for a Route from Georgia to Romania
Liquefied natural gas (LNG) is to be shipped from the Georgian port of Kulevi in the direction of Constanta.
September 17, 2010
CEE Companies in a Turmoil
According to a study by Deloitte, last year Eastern Europe’s top 500 companies showed a clear decline in sales.
September 14, 2010
Putin: Gas pipeline Nabucco with "little chance of success"
Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.
September 8, 2010
CA Immo International completes first phase of DIY store OBI in Romania
Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.
September 2, 2010
Raiffeisen Centrobank AG - Interim Financial Report released
Raiffeisen Centrobank made the biggest contribution to the result of the group with a profit after tax of EUR 14.401 mn.
August 31, 2010
OMV to cover 9 percent of Romanian energy demand
The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.
August 30, 2010
Austrian Banks in Central, Eastern and Southeastern Europe
According to a recent comparative study from the Austrian Central Bank (OeNB), the long-term commitment of Austrian banks in Central, Eastern and Southeastern Europe (CESEE) offers good prospects.
August 27, 2010
STRABAG wins new large orders worth € 156 million in Romania and Abu Dhabi
STRABAG, Central and Eastern Europe’s largest construction company, has won two new large orders in Romania and Abu Dhabi.
June 2, 2010
Romania - BRD Groupe Société Générale to overtake the largest bank Banca Comercială Română (BRC)
Ambitious goals for the Development Bank Romania (BRD): The second-largest institute of the country that belongs to the French Societe Generale (SG) wishes to ascend to the largest bank in Romania by 2015 - and thus pass “Erste” subsidiary BCR.
May 18, 2010
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