Austria and Russia - Latest cross-border activities between Austria and Russia and the 9 members of the Commonwealth of Independent States (CIS)
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Russians and People of CIS Countries in Vienna | Russia in Austria

Russia: Putin Changes Personnel at Ministry of Economics

In the light of the menancing recession, Russian president Vladimir Putin has reorganized the leaders of economic policy-makers.

June 24, 2013

Russia to Improve Relations to China

Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.

June 21, 2013

Hypo: Deal with Russian Oligarch with “Proper Mortgage”

The investigations into money laundering at the Federal Criminal Office concerning the business with Russian oligarch Vladimir Antonov were brought to an end without any results. There were no arms among the securities.

June 20, 2013

Hypo Group: Business With Russian Oligarch

Austrian magazine „News“ unveils a remarkable business connection of Hypo Group from 2008.

June 19, 2013

Russia Pays Off Debt to Serbia and Slovakia

On Tuesday, the Russian Finance Ministry announced that the country has paid off a $ 2bn debt remaining from the Soviet era to Serbia and Slovakia.

June 19, 2013

Strabag: Haselsteiner to Leave as CEO

Russia will not surpass Germany as the most important market, the outgoing CEO explains. He expresses his disappointment in the market.

June 14, 2013

World Bank: EU11 Countries Remain Attractive for Foreign Investors

Despite the slow recovery of economic activity, EU11 countries nonetheless remained attractive for foreign investors.

June 14, 2013

Gazprom Withdraws from Greek Privatization Offer

The months of courtship were in vain. The Russian enterprises Gazprom and Sintez allowed the period prescribed for the privatization of Greek gas company Depa to expire.

June 12, 2013

Macedonia to Join South Stream Pipeline Project

Contracts will be signed next week in St. Peterburg.

June 12, 2013

Strabag: Doubts About Joint Venture in Russia

The Austrian Construction Company Strabag doubts that a joint venture in Russia will take place.

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

Turkey: Erdogan Demands Peaceful End Of Protests

After his return from Northern Africa, Turkish Prime Minister Recep Tayyip Erdogan has demanded an immediate stop of protests in his country. Many Russian investors are supposed to have drawn their assets from Turkey.

June 8, 2013

Papa: CEESE To Keep Growth Advantage

Deputy CEO of Bank Austria Papa sees a long-term potential in CESEE countries. Bank Austria is expecting a growing credit business apart from the favorable economic outlook in the region.

June 6, 2013

Croatia: OMV Closed Sale

OMV concluded the sale of 62 gas stations in Croatia.

June 4, 2013

Russia: Gazprom Looking for Alternative Markets

After 40 years of a surge in revenues, Russian energy giant Gazprom has to face turbulent times in Europe.

June 3, 2013

Rosneft to Take Over Itera

According to a newspaper report, Rosneft intends to take over Russia’s second biggest gas supplier Itera for around € 2.3bn.

May 28, 2013

Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender

Czech Prime Minister Necas emphasized on the transparency of the decision.

May 28, 2013

Serbia to Receive Russian Support in South Stream Project

Russia to provide € 1.7bn for construction of South Stream gas pipeline project in Serbia.

May 27, 2013

Russia As Big Disappointment for Strabag-CEO

Austrian construction company Strabag has hoped to have gained substantial foodhold in the Russian market by now.

May 27, 2013

Petrom to Invest in Oil Field Redevelopment

OMV Petrom invests € 90m for the Oprisenesti oil field redevelopment.

May 21, 2013

Voestalpine Hopes for Participation in South Stream Project

CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.

May 16, 2013

UK Believes Strongly Ukraine Should Be Part of EU

Foreign Secretary Hague affirmed the UK’s support and approval of Ukraine’s reform zeal.

May 15, 2013

Russian’s Policy on Belarus: Support As a Means of Subordination

Despite the conflicts and frictions in their bilateral relations, Russia has for years regularly invested in Belarus, according to the Centre of Eastern Studies.

May 13, 2013

Gazpromneft-Aero Signed Major Contract With Turkish Airlines

Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.

May 8, 2013

Slovenia: South Stream Gas Pipeline Project to Get National Priority Status?

Russia urges Slovenia to give the South Stream gas pipeline project national priority status.

May 6, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

Sberbank: New Head of SME Business

Sberbank Europe AG appointed Csongor Németh as new Head of SME business

May 2, 2013

Rosneft: Ambitious Plans

Russion oil producer intends to increase its shareholder value by 60 % in the next two years.

April 26, 2013

Poland: Audit at Oil and Gas Company PGNiG

Poland’s new Treasury Minister Wlodzimierz Karpinski announced on Wednesday to carry out an urgent audit at Polish state-controlled oil and natural gas company PGNiG.

April 25, 2013

Czech Republic: New Rounds of Negotiations for Temelin Tender

Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.

April 24, 2013

Putin: Stimulus Package for Russian Economy

Because of the present stagnation Putin demands a stimulus package for Russian economy.

April 22, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

Sberbank Europe AG Appoints Igor Strehl to Management Board

Igor Strehl moves from Management Board of VTB Bank to Sberbank Europe.

April 19, 2013

Czech Republic and Russia to Enhance Economic Relations

Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.

April 16, 2013

Eurozone: Trade Surplus € 1.3bn Y/Y

Euro area international trade in goods surplus € 10.4 bn

April 15, 2013

Russia: Most Important Future Market for Opel

Head of General Motors, Dan Akerson, regards Russia as the most important future market for Opel.

April 15, 2013

Cyprus Grants Damaged Foreign Investors Citizenship

Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.

April 15, 2013

Cyprus: Bail-Out Package More Expensive Than Thought

The aid-money needed increases from € 17.5bn to € 23bn, according to Cyprian government.

April 11, 2013

Serbia: Vucic „Deeply Disappointed“

Serbian First Deputy Prime Minister Aleksandar Vucic has given up hope for a new date in June for the beginning of EU accession negotiations. Russian Prime Minister Medvedev expressed support.

April 11, 2013

Russia: Kalashnikov-Producer Izhmash Suspected of Embezzlement

A former General Director is suspected of having transferred securities beyond their value. A lawsuit based on corruption allegations was filed against a former Deputy Agriculture Minister.

April 11, 2013

Poland: Protests At Day of Commemoration

Protesters assembled in Warsaw yesterday to demonstrate against the Russian government that still has not released the evidence

April 10, 2013

Estonia and Russia to Enhance Relations

At a meeting on April 5 in St. Petersburg, Estonian Prime Minister Andrus Ansip and his Russian counterpart Dmitry Medvedev focused on the chance of reinforcing cooperations.

April 9, 2013

Gazprom to Be Joined By Shell

Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.

April 9, 2013

Russia to Contribute to Cyprus Aid-Package

President Vladimir Putin has announced that Russia will contribute to rescue-package for Cyprus.

April 8, 2013

Russia: Economic Growth Below Expectations

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

April 8, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

Gazprom to Absorb Romanian Bunkering Operator

Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.

April 3, 2013

Green’s Fear of Russian Black Money in Austria

Once more, the Austrian Greens insist on a reform of the bank secrecy.

April 2, 2013

Cyprus: Finance Minister Steps Down

According to reports by the media, Finance Minister of Cyprus, Michael Sarris will be replaced.

April 2, 2013

Cyprus: No Bank Run

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

March 29, 2013