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Russians and People of CIS Countries in Vienna | Russia in Austria
Austria and Russia - Latest cross-border activities between Austria and Russia and the 9 members of the Commonwealth of Independent States (CIS)
Palfinger Takes Over Russian Inman
The Austrian crane manufacturer acquires its leading Russian competitor. Inman will generate revenue of € 20m this year.
July 11, 2011
Austrian Companies to Participate in Russian Research Center
The planned technology park will be home to up to 40,000 researchers. Twenty Austrian companies have expressed interest in participating in the project.
July 5, 2011
Sale of VBI to Be Signed in July
The Austrian Volksbanken Group and Sberbank have come close to an agreement on the sale of the Eastern European bank. The transaction price will be € 700m.
July 5, 2011
Kapsch TrafficCom Makes Important Step in Russia
A joint venture of the Austrian technology group has made it to the final stage of a tendering process for a Russian highway project.
July 1, 2011
EU Commission Blocks OMV’s Deal with Gazprom
The Austrian oil and gas company does not get its desired Russian partner as the EU Commission has rejected a share transaction between the two companies.
June 20, 2011
Raiffeisen Expanding Its M&A Business in Russia
The Austrian bank group is planning a joint venture between RBI and RIAG in order to put the investment banking in Moscow on a new footing.
June 16, 2011
Shopping Tourism: Asian Visitors Spending Heavily
Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.
June 14, 2011
Nabucco Legal Framework Finalized
Project support agreements were signed by each transit country. They are a prerequisite for the successful financing of the pipeline.
June 8, 2011
Immofinanz Considering Listing in Warsaw
The Austrian real estate group would be interested in a listing if red tape were reduced. It is currently looking for acquisition opportunities in Poland and Russia.
June 7, 2011
Nabucco Receives Further Support by Transit Countries
Five countries are going to sign an agreement on the realization of the infrastructure project. Works are scheduled to start in 2013.
June 1, 2011
AUA Give Up Their Focus on CEE
Austrian Airlines are going to improve their connections to Western Europe at the expense of their destinations in the East. The company is currently serving 46 airports in CEE.
May 30, 2011
Sberbank Targeting RBI
The Russian bank intends to expand its business to Kazakhstan and the Baltic countries. Both companies denied speculations about a potential capital injection.
May 30, 2011
OeKB Facilitates Austro-Russian Projects
A recently signed agreement will increase the cooperation between OeKB and Russian Vnesheconombank.
May 27, 2011
Eastern Europe Becoming Attractive Again
For two years Austrians have abstained from investing in Eastern Europe, resulting in a loss of market share in these countries. Interest starts to recover now.
May 25, 2011
Novomatic Returns to Russia
The Austrian gaming machine manufacturer intends to cooperate with a Russian casino operator after it had to pull out of the country in 2009.
May 23, 2011
OMV Considering Closer Cooperation with Azerbaijan
The Austrian oil and gas group is in talks about investments in the oil-rich country which is an important supplier for Nabucco.
May 20, 2011
Austrian Companies Are Looking for Opportunities in Russia
A delegation of 140 people pursues contacts with potential partners during the state visit of President Fischer. The country’s economy is predicted to grow by 4% in 2011.
May 19, 2011
Immofinanz Closes Acquisition in Moscow
The Austrian real estate group takes over 100% of the GoodZone.
May 11, 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 Strives for Presence in Russia
The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.
May 3, 2011
Tondach Gleinstätten is Awarded Exclusive Contract in Russia
Tondach Gleinstätten AG is awarded the contract for the supply of roofing materials for the Olympic project "Sochi 2014”
May 3, 2011
S&T Announces Group Results - Down in the Red
Consolidated revenues of the S&T Group in 2010 amounted to € 351 m, down from € 385 m in the previous year.
April 30, 2011
According to its Employees, S&T is “Ripe for Bankruptcy"
The leadership of the troubled Viennese IT company is trying to hide an impending bankruptcy according to the company’s employees.
April 27, 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
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
Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna
The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.
April 16, 2011
Russia is a New Promising Market for Kapsch
The Austrian technology group has reaped its first contract in Russia. The market has great potential, according to sources from Kapsch.
April 12, 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
Mitterlehner: New Modernization Partnership Concluded with Russia
Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.
April 1, 2011
VIG Leaves Russia
The Austrian Vienna Insurance Group accepts the offer to sell its Russian insurance participations.
March 31, 2011
RLB Upper Austria Intends to Grow in Russia
The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.
March 14, 2011
Henkel CEE grows in Eastern Europe
The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.
February 26, 2011
VBI: Purchase by Sberbank is Looming
The sale of the Eastern European holding company of the Austrian ÖVAG is taking shape. Even Chinese investors are interested.
February 25, 2011
Agrana Expands in Russia
The Austrian sugar and starch company invests € 27.6m in fast-growing Russian market.
February 23, 2011
Southstream: Gazprom-OMV Cooperation
OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.
February 22, 2011
Knill Group Builds Factory in Russia for € 50m
The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.
February 20, 2011
EU Requests Nabucco to Enter a Cooperation
The European Union is pushing a merger between Nabucco and the ITGI pipeline project.
February 18, 2011
Upward Trend for CEE Insurance Stocks
CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.
February 10, 2011
Strabag: Poland as a Replacement for Russia?
Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.
February 9, 2011
Business Climate Improves in Eastern Europe
According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.
February 9, 2011
Rising Bankruptcy Fears in Eastern Europe
The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.
February 9, 2011
150 New Bank Austria Branches in Eastern Europe
The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.
February 9, 2011
Investments in Renewable Energies in the CEE are booming
According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.
February 4, 2011
Consumption Expenditure of Foreign Tourists Grows
Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.
February 3, 2011
Refunding at S&T Accepted by Banks
The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.
February 1, 2011
Kapsch TrafficCom with First Contract Award in Russia
The Austrian Kapsch TrafficCom AG announces that its Russian subsidiary has been awarded an order to equip traffic crossings.
February 1, 2011
Strabag: Russia as Growth Driver
For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion
January 28, 2011
Leitl Welcomes Medvedev's Idea for a European-Russian Economic Area
Closer cooperation between the EU and Russia would "stabilize economic and social development". Austria's foreign trade with Russia is flourishing.
January 28, 2011
Slow Progress for Nabucco
The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.
January 26, 2011
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