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Russians and People of CIS Countries in Vienna | Russia in Austria

CESEE: Growth Remains Below Potential

Today, the EBRD (European Bank for Reconstruction and Development) has published its economic outlook for the CESEE region. The reform pressure is growing, Anthony Willams at EBRD wrote.

November 11, 2013

WEF: Russian Economy Needs Change in Domestic Institutional Environment

The Russian Federation is poised for transformation.

November 1, 2013

Dispute about Gas between Russian and Ukraine about to Escalate

According to Russian energy giant Gazprom, Ukraine has not yet paid deliveries of natural gas in the amount of around € 639m.

October 29, 2013

IMF Warns of Financial Instability in CESEE

Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.

October 18, 2013

Austria: RBI Expects Stabilization

Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.

October 17, 2013

Ukrainian Gas Pipeline Key Issue for EU Commission

A gas pipeline plan in the Ukraine is among the EU Commission’s key infrastructure projects.

October 16, 2013

Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate

The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.

October 15, 2013

Gazprom May Face Proceedings by Austrian OMV

OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.

October 9, 2013

Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published

FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.

October 8, 2013

Poland Hopes for Cheap Gas by Gazprom

The Polish government is hoping to be able to bargain prices with Russian energy giant Gazprom, Polish Minister for Economy Janusz Piechocinski announced today.

October 8, 2013

CESEE: Recovery Slow, but Stable

Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.

October 4, 2013

Sevelda: Not the Right Time for Capital Increase

In an interview with Financial Times (FT) Karl Sevelda, CEO of RBI, states that a capital increase would be difficult at the moment due to an unfavorable economic environment.

October 4, 2013

EU Commission to Lead Cartel Proceedings Against Gazprom

The Russian energy giant Gazprom might face penalties of up to € 11bn.

October 3, 2013

Ukraine: Clashes between Police and Protesters

During a demonstration against the government in Kiev on Wednesday clashed occurred between police forces and around 400 supporters of the opposition.

October 2, 2013

Rosneft Wants to Take over Majority of TNK-BP

The World’s biggest oil company Rosneft intends taking over British-Russian joint venture TNK-BP at the beginning of next year.

September 30, 2013

Austria: Fitch Confirms Triple A

Austria´s main weak point is the banking sector, the rating agency criticizes.

September 28, 2013

Ukraine: Provisional Free Trade with EU

According to Polish News Agency PAP, the EU countries have agreed to grant Ukraine a temporary use of a number of terms of the Association Agreements which will become effective even before the ratification process is completed.

September 26, 2013

Gazprom to Team Up With Macedonia

Russian energy giant Gazprom is interested in cooperating with FYR Macedonia.

September 17, 2013

Romania: Austrian Investors Demand Transparency

In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.

September 17, 2013

Serbia Welcomes Russian FDI

Serbian Prime Minister announced that his country was interested in Russian investments.

September 13, 2013

President of Ukraine Presses for Faster Progess

President Yanukovych urges the parliament to adopt laws for a faster progress to the country’s European integration

September 5, 2013

Austrian Banking Sector Burdened Heavily With NPL

In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.

September 2, 2013

Romania: Planning on Energy Sufficiency by 2018/19

Gas pipeline between Romania and Moldova is set to become operational this year.

August 30, 2013

Romania Claims Compensations for Nabucco

Romania claims EU compensation for abandoned Nabucco project.

August 29, 2013

2013: Decisive Year for Ukraine

Ukrainian World Congress: European integration as the key to Ukraine’s independence

August 26, 2013

Russia: Disappointed About Joining WTO

A year ago, Russia joined the World Trade Organization (WTO). However, the country is not satisfied with the results despite of having negotiated about joining for 19 years.

August 26, 2013

Erdogan Considers Leaving U.N.

Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.

August 26, 2013

Russian National Bank Underlines Stability of Ruble

Russian National Bank emphasizes that the Russian ruble will not devalue.

August 24, 2013

Russia: GDP to Increase without Economic Growth

Russia will change its GDP account practice. Foreign investors will benefit from the new standards, head of Rosstat says.

August 24, 2013

EU Commission: Unacceptable Russian Trade Ban

Stefan Füle, EU Commissioner for Enlargement and Neigborhood Policy, expressed his anger at Russia’s measures to ban Ukrainian products from the domestic market.

August 23, 2013

Russia: Rusal to Slip into the Red

Russian metal giant Rusal has to decrease production by 357,000 tons this year due to a drop in prices in aluminium. The company now hopes for state subsidy.

August 19, 2013

Russia: Stable Outlook, Lower Growth Rates

The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.

August 17, 2013

Ukraine Reduces Imports of Gas by 35 Percent

From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.

August 16, 2013

Russia Blocks Imports from Ukraine

Kyiv demands to immediately remove bureaucratic obstacles.

August 16, 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

UniCredit to Focus on Poland, Turkey and Russia

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

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

Russia: Consumer Debt Grows Persistently

Russia´s Central Bank wants to stop the increasing debt servicing costs for Russian households.

August 2, 2013

Slovenia Lures Russian Investors

Slovenia invites Russian investors to participate in privatization plans.

July 30, 2013

RBI Trying to Avoid Becoming “Cash Cow“ in Hungary

In an interview with “Wirtschaftsblatt“, CEO of RBI Karl Sevelda talks about further burdens in Hungary and the bank’s reaction to them, capital increase and how participation capital can be replaced.

July 29, 2013

Gazprom Acquires Kirghiz Gas Network

In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.

July 29, 2013

Russia: Stronger Regulations for Market for Consumer Loans

Business with consumer credits have started comparatively late in Russia. Now, the market is supposed to be regulated further.

July 29, 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

Russia: Inflation on the Rise

In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.

July 23, 2013

Russia: Recession Not Excluded Anymore

Above all, Russia suffers from a shrinking industrial sector and a decline in foreign direct investments.

July 22, 2013

EU: Current Account with Russia Deep in the Red

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.

July 18, 2013

Bulgaria: South Stream Offers 6,000 New Jobs

South Stream Bulgaria´s CEO Georgi Gegov stresses the economic effect of the new gas pipeline from Russia to Western Europe.

July 18, 2013

Serbia to Invest in Renewable Energy

The Balkan country wants to invest more than € 10bn in its energy production. The focus will be on renewable energy.

July 18, 2013