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Austria and Russia - Latest cross-border activities between Austria and Russia and the 9 members of the Commonwealth of Independent States (CIS)
Russians and People of CIS Countries in Vienna | Russia in Austria
S&T Buys 48% Stake of Russia's Affair OOO for EUR 5.87 Million
By acquiring a huge stake in the Russian energy and software development company, Linz based S&T AG substantially expands its appliances segment and smart energy portfolio. Affair OOO group employs 600 employees; its annual revenues amount to EUR 70 million. S&T's consolidated revenue is set to rise in 2015 to EUR 440 million.
June 6, 2014
Austria: Western Balkans Representatives are Meeting in Vienna
The Western Balkans Conference and the Central European Initiative (CEI) Ministerial Meeting are currently discussing questions regarding the EU enlargement, the role of the EU as a peace project and the economic situation in the Western Balkans.
June 3, 2014
BSH Vienna is Partially Taken Over by German BSH Group
With the goal of strengthening its international market presence, the TROX Group acquired parts of BSH Group.
May 31, 2014
Yakunin: Broad-Gauge System from Vladivostock to Vienna to Be Established
Vladimir Yakunin, head of the Russian Railways (RZD), wants to stick to his strategic plans and establish an uninterrupted rail link between Vienna and Vladivostock.
May 24, 2014
Sevelda: “Russia Still Crucial Market”
In the light of the close ties with regard to economic and energy relations with Russia Karl Sevelda, CEO of Raiffeisen Bank International (RBI) warns about the tightening of penalties against Russia.
May 23, 2014
Only 3 Austrian Delegates at the St. Petersburg International Economic Forum 2014
Thousands of economic experts, businessmen and policymakers are currently in Russia's northern capital St. Petersburg for the 18th annual investment forum. Less foreigners are attend this year, as CEOs have bowed to political pressure to cancel.
May 23, 2014
Switzerland: IMD Releases the World Competitiveness Yearbook Ranking 2014
The US leads, Europe recovers, and big emerging markets struggle.
May 22, 2014
High Potential for Austrian Investments in Moldova
Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.
May 22, 2014 · Updated: May 22, 2014; 13:05
Gas Deal: China to Invest $22Bln, Russia to Invest $55Bln
Russia’s overall investment on delivering gas to China is $55 billion and China’s investment is estimated at around $22 billion according to a contract signed by the two countries in Shanghai, Russian President Vladimir Putin said Wednesday.
May 21, 2014
Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014
On June 24, 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.
May 20, 2014
Global Real Estate & Economy Talks (GREET) in Vienna
GREET is short for “Global Real Estate & Economy Talks“. It is the platform for commercial property and investments in CEE and SEE, including Russia, Turkey and CIS.
May 19, 2014
Journalism Prize “Writing for CEE 2014” Inviting Submissions
Journalists from all over Europe are invited to submit entries.
May 19, 2014
OMV to Receive Further Gas Discounts by Gazprom
As reported by Austrian daily “WirtschaftsBlatt” (Thursday issue), Austrian oil company OMV will soon sign a deal with Russian state-controlled Gazprom.
May 14, 2014
Czech Republic: Rosatom to Complete Temelin?
Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.
May 12, 2014
CEE: Surge in Sales for French Lafarge
The French building material group Lafarge saw a strong increase in sales in Romania and Eastern Europe in general.
May 9, 2014
MOL: Oil Supply to Hungary not Endangered
According to Hungarian oil and gas enterprise MOL, the supply to Hungary is not endangered by the delivery stop of Russian oild products passing through Ukraine.
May 9, 2014
Sanction Imposed on Expobank
Russian-Latvian Expobank was added to the Canada’s black list.
May 9, 2014
EU Council Trying to Find a Way Out of Ukraine Crisis
Ahead of the European Council, which is currently taking place in Vienna under the Austrian presidency, Foreign Minister Sebastian Kurz declared not to expect a solution for the conflict in Ukraine.
May 6, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Situation for Austrian Banks in Russia is “Sensitive”
According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
April 29, 2014
Polish Banking Sector: “Too Early for Recovery”
The Polish banking sector has to be patient for economic recovery to show on their results.
April 29, 2014
Russia: Austrian Banks Demonstrate Serenity
Austrian banks try to take the downgrade of Russian sovereign bonds with composure. According to spokespersons, the downgrade has no danger potential.
April 26, 2014
Raiffeisen Bank International AG - SWOT Analysis & Company Report May 2014
This new report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains an overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
April 25, 2014
Poland Fears War in Ukraine
According to Poland´s Prime Minister Donald Tusk, Poland should prepare for the worst case in Ukraine.
April 25, 2014
Business in Ukraine Becomes More Riskful
Insurance companies warn export companies that wanting to arrange for insurance of defaults in payment obligations or political unrest right now is coming too late.
April 22, 2014
Poland: Economic Upswing Endangered by Conflict in Ukraine
In general, Poland´s economic growth accelerates. However, the recent developments in Poland´s neighbor country are a substantial risk factor.
April 18, 2014
Romania: Huge Increase in Commercial Real Estate Investments
Investments in commercial real estates rose by 256 percent year-on-year in Romania. However, investments in CEE declined.
April 18, 2014
Republic of Austria Liable for Domestic Banks in Ukraine and Russia
The Austrian Clearing Bank (OeKB) has assumed liabilities in the amount of € 4.0n in Russia and Ukraine. Besides the political risks, banks operating in Russia have to fear economic risks too.
April 17, 2014
Bank Austria Ends Business on Crimea
One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.
April 16, 2014
RBI Terminates Business on Crimea
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.
April 15, 2014
„We Must Create A Free Trade Area with Russia“
Sebastian Kurz, Austrian Minister of Foreign Affairs, proposes a deepening of the economic co-operation between Russia and the EU.
April 12, 2014
Uncertainty in Eastern Europe Makes RBI Nervous
In the last few months, the frame conditions in Russia become more and more unpredictable for foreign investors. For RBI, Russia is the most important market.
April 12, 2014
Moldova: Urgent Call for EU-Membership
Getting out of the zone of uncertainty and instability, this is the aim of the Moldovan Prime Minister Iurie Leanca.
April 10, 2014
Fitch: Polish Rating Foundations Very Solid
As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.
April 8, 2014
Nikolic: “Russia Will Never Recognize Kosovo”
In an interview with Austrian daily “Presse”, Serbian President Tomislav Nikolic voiced his opinon on the political crisis on Crimea and the future about talks between Serbia and Kosovo.
April 8, 2014
RBI to Shut Down Affiliates on Crimea
The Ukrainian affiliate of Raffeisen Bank International (RBI) is closing all its affiliate on Crimea until mid-April.
April 7, 2014
Poland: No Danger of Deflation
According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.
April 7, 2014
RBI: Economic Recovery Despite Geopolitical Tensions
Economic upswing vs. geopolitics.
April 4, 2014
VIG: Takeover of Donaris Successful
Acquisition of the Moldovan insurer Donaris completed
April 3, 2014
Serbia: New Government to Hold EU Accession Talks Regularly
The next government of Serbia will hold sessions with regard to the EU accesssion on a regular basis, as announced by Miscevic, chief EU negotiator of Serbia.
April 3, 2014
Hungary Receives € 10bn Loan from Russia
Hungary´s government has signed a loan agreement with Russia. Budapest wants to finance the enlargement of the Paks nuclear power plant.
April 2, 2014
CEE: Economy Could Become More Vulnerable to Crimea Crisis
If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.
April 2, 2014
Austrian RBI Under Pressure
The Austrian National Bank (OeNB) and the Austrian Financial Market Authority (FMA) want Raiffeisen Bank International, the second-biggest lender in CESEE, not to repay the participation capital.
April 2, 2014
Austria: Fitch Warns Banks of Risk with Business in Russia
The menacing sanctions against Russia with regard to the political crisis in Crimea could become a severe danger for Austrian banks.
April 1, 2014
RBI to Keep Hungarian and Ukrainian Affiliates?
Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.
March 27, 2014
RBI: Profit Shrinks by Almost A Quarter
RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.
March 27, 2014
Serbia: Program for New Government in Progress
The future government will have to implement extensive reforms. Vucic, whose party saw a landslide victory in the parliamentary elections, is working on the government’s program.
March 26, 2014
Poland: Economy Proves Immune to Ukrainian Crisis
According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.
March 26, 2014
Poland: Promising Years Ahead
Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.
March 25, 2014
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