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

RHI Has Growth Plans

The Austrian producer of fireproof ceramics puts effort into growth. Major investments and acquisitions are planned.

March 7, 2012

Uniqa Aims for Growth in CESEE Region

The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.

March 5, 2012

Eder: „Environmental Policy Endangers Economy“

Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.

March 5, 2012

VBAG´s Executive Board Asked to Resign

Parts of the Volksbanken sector, which hold stakes in VBAG, offer resistance to the management board.

March 3, 2012

Nabucco: Costs Could Grow Further

The pipeline consortium Nabucco checks whether the project becomes more expensive than expected. Costs of € 15bn are forecasted.

March 3, 2012

VBAG to be Acquired by BAWAG?

According to market rumors, the financially stricken VBAG could be taken over by the U.S. investment fund owned Bawag.

March 2, 2012

VBAG´s Rescue Endangers Austerity Targets

In 2012, savings should reach € 576m. However, only write-offs in VBAG cost € 700m. The Austrian government seeks for additional revenues.

February 29, 2012

Atos Keeps Vienna as CEE Headquarters

After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.

February 27, 2012

Partial Nationalization of VBAG Planned

The financially stricken Austrian bank receives new capital. The Republic of Austria makes contributions of € 1.05bn. Bank taxes will increase.

February 27, 2012

Immofinanz to Become a „Property Machine“

CEO Eduard Zehetner wants Immofinanz to become a full developer, operator and seller of top-real estate objects. The company should be transformed to a “property machine.”

February 25, 2012

Sberbank Upgrades VBI´s Headquarter in Vienna

After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.

February 20, 2012

Siegfried Wolf Enters Sberbank

The Austrian national and executive at Magna in Russia becomes President of VBI´s supervisory board.

February 16, 2012

Vienna Stock Exchange Cooperates With Eurex

With Eurex derivatives exchange, Vienna Stock Exchange wins a new customer.

February 16, 2012

Agrana Expands in Russia

The Austrian fruit and starch company invests € 27m in a factory site in Russia.

February 16, 2012

VBI Sale to Sberbank Finalized

With the sale of the CEE segment of the Austrian VBAG, Russian Sberbank enters Eastern Europe.

February 15, 2012

Russia: Great Demand for Austrian Food

Due to rising purchase power of Russian households, Austrian food exports to Russia are booming. In 2012, the Russian retail trade sector is expected to grow by 15%.

February 14, 2012

Massive Increase in Energy Consumption

Austrian power plants are running at full speed. Energy supply was up by 14% last week.

February 11, 2012

Gazprom to Double Natural Gas Reserves in Europe

The Russian natural gas supplier Gazprom intends to improve supply security in Europe. Gas reserves in Austria should be extended too.

February 10, 2012

Russian Natural Gas Supply to Normalize

According to the Austrian oil and gas company OMV, gas deliveries from Russia are increasing slightly.

February 8, 2012

Oettinger Expects Succesful Contracts Over Gas Deliveries

The EU-Commissioner for Energy, Günther Oettinger, anticipates that Azerbaijan will close contracts over natural gas deliveries within the coming months.

February 8, 2012

Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“

For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.

February 6, 2012

VBI Sale: Closing Expected for Mid-February

The Russian Sberbank buys VBI from Austrian VBAG. The price totals € 505m.

February 6, 2012

Rising Production at OMV

Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.

February 3, 2012

Shortened Natural Gas Supply from Russia

The Austrian oil and gas group OMV reports that Russian natural gas exports only reach 70% of its normal level.

February 2, 2012

OMV: „No Shortage in Natural Gas Supply“

Russian media reported on natural gas supply reductions for Europe. Gazprom denies, OMV refers to large natural gas reserves.

February 1, 2012

Sberbank: € 500m for Austrian VBI

The Russian Sberbank officially bids € 500m for VBI, the subsidiary of Austrian VBAG.

January 26, 2012

Moderate Growth at Darbo

The Austrian jam producer Darbo could continue ist growth course in 2011. Sales were up by 2.5%.

January 23, 2012

Turkey Emphasizes Support for Nabucco

Besides the Russian South-Stream project, Turkey also shows support for Nabucco, where Austrian OMV is strongly engaged in.

January 21, 2012

VBAG No Systemic Bank Anymore

After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.

January 21, 2012

RWE Considers Alternative to Nabucco

German RWE shows interest in rival project TANAP and considers getting out of Nabucco.

January 20, 2012

Billa Has Growth Plans in Russia

The Austrian subsidiary of German Rewe Group intends to take over the Russian competitor Citystore.

January 16, 2012

VIG Has „No Problems in Hungary“

“We are an insurance group and not a bank.”, said the management of Vienna Insurance Group. Nevertheless, the developments are observed thoroughly.

January 11, 2012

Siemens Austria Achieves Major Order in Russia

The Austrian subsidiary of the German technology group constructs the largest pellet plant in Russia.

January 4, 2012

Erste Group Increased Share Capital

The Austrian bank raised its capital in connection with the agreement to acquire shares in Romanian BCR.

December 30, 2011

Kapsch TrafficCom Wins Major Contract in Russia

The Austrian supplier of toll collection systems was chosen for the operation of a 400 km-long segment of the M4 Federal Highway.

December 29, 2011

VBAG: Sale of VBI to Be Closed in 2012

Contrary to the original schedule, the sale of the eastern European bank will not be closed by the end of the year.

December 29, 2011

Tourism: Slight Increase in Capacities

Austria offers 65 200 accomodation establishments and 1.09 million beds for tourists in 2011.

December 28, 2011

Growth Potential for Semperit

The Austrian synthetic product manufacturer already recognizes the weakening of the business cycle. However, investments will not be reduced. The BRIC countries are seen as future markets.

December 27, 2011

CA Immo, Warimpex and UBM Open Airport City St. Petersburg

The Austrian real estate companies concluded the first phase of the office building and hotel project in direct vicinity of St. Petersburg’s Pulkovo 2 international airport.

December 23, 2011

Pecik Extends Stake in Telekom Austria

The Austrian investor Ronny Pecik is told to become the largest shareholder in Telekom Austria. Up to 29% are possible.

December 20, 2011

Major Order from Russia for Siemens Austria

The Russian railway company RZD reserves eight high-speed trains “Velaro RUS”. The order will be delivered in January 2014.

December 20, 2011

Rise in Profits Expected for Immofinanz

Tomorrow, on Tuesday, the Austrian real estate company presents its results for the second quarter. EBIT should rise significantly.

December 19, 2011

Bank Austria Reviews Strategy for CEE

In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.

December 17, 2011

Austria to Be By-Passed by South Stream Gas Pipeline

The rival project to Nabucco will not end at OMV’s Central European gas hub.

December 15, 2011

Erste Group Increases Stake in BCR to 82%

In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 7% stake in BCR against cash and issuance of new shares.

December 12, 2011

Sale of Croatian OMV Petrol Stations Begins

OMV´s current market share in Croatia is 13%. Almost every major oil company in Europe shows interest.

December 9, 2011

KapschTrafficCom to Gain Order from Russia

The Austrian toll collect system supplier expects final announcement on the award of a Russian contract in two weeks.

December 5, 2011

OMV Raises Oil Production in Libya

The Austrian oil and gas company OMV receives already about 50% of the pre-war volume. However, a full recovery will need another twelve months.

December 3, 2011

Porr Considers Capital Increase

In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.

December 3, 2011

Erste Group Buys Remaining Shares in Romanian BCR

The Austrian bank has reached an agreement with the last one of five regional investment funds to acquire its stake of 6%.

November 30, 2011
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