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

Major Loan to Immofinanz by Russian Sberbank

The Austrian real estate company Immofinanz Group and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $ 715m.

April 11, 2012

„Bank Aids Are Lost“

The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.

April 10, 2012

Meinl: Big Plans in Russia

The Austrian coffee roaster regards the CEE region as future market. Also China and Turkey are targeted. Last year, group revenues rose by 16% to € 125m.

April 5, 2012

RBI Strengthens Commitment to CEE Region

Austrian Raiffeisen Bank International underlines its function as major lender in Central and Eastern Europe. Hungary is still the most uncertain market.

April 2, 2012

Verbund Faces Competition from Russia

The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.

March 20, 2012

Bawag to Refund Bank Aid in 2014 by Earliest

The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.

March 17, 2012

Japanese NTT to Enter Telekom?

Telekom Austria will get a new partner. Newest rumors say that NTT could buy Pecik´s stake. Norwegian Telenor is still interested.

March 16, 2012

Raiffeisen Energy & Environment Sells Bulgarian Assets

The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.

March 14, 2012

Canadian Valeant Buys Assets of Gerot Lannach

The Austrian drugmaker Gerot Lannach sells its acetylsalicylic acid business in Russia. The sale price amounts to $ 185m.

March 13, 2012

RBI Mandated Lead Arranger and Bookrunner for Moscow Airport

The loan of € 165m for the largest Russian Airport is for general corporate purposes. The international financing consortium consists of ING, Société Générale and RBI.

March 9, 2012

Henkel CEE Achieves Stable Results

The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.

March 8, 2012

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