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

Strabag delivers € 320m Steelworks in Russia

The Austrian construction company has finished its works in Russia. The factory will produce sheet steel in particular to manufacture pipes to be used in pipeline construction.

November 28, 2011

Growing Capital Shortfall at Volksbanken Group

The Austrian bank will need another € 200m in order to comply with the EBA’s capital requirements. The price for the sale of VBI might be reduced to € 500m.

November 24, 2011

Leitl Promotes Exports to BRICS-Countries

The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.

November 22, 2011

Conference on European Economic Integration

“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.

November 18, 2011

Immofinanz Refinances Shopping Mall in Moscow

ZAO Raiffeisenbank provides a major loan for the Austrian real estate group in order to expand operations in Russia.

November 14, 2011

Growth Potential in CEE Banking Sector

The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets

November 8, 2011

Austrian Wage Increases below European Average

Real incomes are expected to go up by 0.8% next year. The average rate for Europe will be 1.3%.

November 4, 2011

Pecik to Resell Stake in Telekom Austria?

The Austrian investor is reportedly planning to buy further shares and to sell the package to Russian Vimpelcom in several years.

October 21, 2011

Growth of CEE Region Under Threat from Eurozone Crisis

The EBRD research is predicting a slow-down in emerging Europe’s economic growth next year with the continuing eurozone sovereign debt crisis posing challenges to recovery from the 2008-09 global financial crisis.

October 18, 2011

Spectacular Surge in Profits of CEE Technology Companies

The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.

October 18, 2011

Raiffeisen's Comment on Current Developments of CEE Eurobonds

Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.

October 18, 2011

CEE Less Vulnerable to Severe Economic Crisis

The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.

October 17, 2011

Financial Syndicate for Nabucco Arising

The Austrian OeKB intends to conduct a financial consortium for the gas pipeline project Nabucco.

October 15, 2011

International Russia - Austria Conference

Austrian Standards hosts a conference on 2 and 3 November in Vienna. Its topic: International standards as a basis for successful economic co-operation.

October 12, 2011

OMV Promotes Nabucco Project Abroad

The Austrian oil corporation OMV pushes the gas pipeline project Nabucco in Turkey, Azerbaijan and Turkmenistan.

October 11, 2011

Bank Austria Optimizing its Activities in Russia

Sergey Sidorov to remain CEO until year end and to support the organizational and strategic Changes. Alexander Cheporov to become Head of Equity Brokerage Operations.

October 11, 2011

UniCredit and Raiffeisen to Expand in Russia

The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.

October 4, 2011

Upward Trend in CEE Real Estate Market

Erste Group: “CEE Real Estate stocks with upside potential of 15%, profitability lags behind”. The upward trend in CEE is driven by low vacancy, strong occupier demand and low pipeline.

October 3, 2011

Nabucco Bids for Gas Field in Azerbaijan

The Asiatic country will publish its decision by the end of 2011. Three candidates submitted their offers.

October 1, 2011

Nabucco Welcomes Bayerngas’ Intent to Become New Shareholder

Nabucco Gas Pipeline International GmbH welcomes Bayerngas’ intent on becoming one of the Nabucco shareholders. Negotiations with the six current shareholders will begin immediately to determine the future share split within the consortium.

October 1, 2011

Sergey Monin Appointed as CEO of Raiffeisenbank in Russia

He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.

September 30, 2011

Voith Hydro Receives Major Order from Russia

The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.

September 29, 2011

Spindelegger Wants New Impetus for Nabucco

The Austrian Vice-Chancellor calls for a quick realization of the pipeline project which is stalling at the moment.

September 28, 2011

BP Plans Rival Project to OMV´s Nabucco

The British Petrol Corporation intends to open up new gas fields in the Caspian region. BP is thus a new competitor for the Austrian OMV.

September 27, 2011

No Common Trend for CEE-Countries

Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.

September 13, 2011

CEE-Region Remains Essential for Austrian Insurance Companies

According to a current market survey of Fitch, the CEE region plays a central role for domestic insurance companies. There is still growth potential.

September 12, 2011

Austrian Telekom: Social Democrats Warn of „Unfriendly Takeover“

For the executive director of the SPÖ, Günther Kräuter, “a new major shareholder from Egypt or Russia would be problematic.”

September 12, 2011

Sale of Volksbank International Finalized

The Eastern European subsidiary will be sold for a price ranging from € 585m to € 645m depending on business performance in 2011.

September 8, 2011

CEE Economic Forum: Green Trends for Eastern Europe

In 2011, Forum Velden in Carinthia celebrates its 5th anniversary. Since its foundation in 2006, over 1.500 experts, top-managers and politicians from over 25 countries have participated in the Forum.

September 7, 2011

Slow Growth for CEE Telecom Sector Expected

Austrian Erste Group: “Seasonality and mobile data growth as key driver in H2 2011. The industry continues to struggle from slow consumer and public spending – Stabilisation to be expected in 2012.”

September 7, 2011

Joschka Fischer: „Nabucco is in time“

The former Minister of Foreign Affairs of Germany, Joschka Fischer, is optimistic regarding the realization of the Nabucco Gas Pipeline.

September 6, 2011

CEO of Raiffeisenbank Russia Dead

Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.

September 5, 2011

Emporia has Expansion Plans

The Austrian manufacturer of mobile phones for elderly persons intends to enter the US and the Russian market.

September 5, 2011

Raiffeisen Centrobank Reports Increase in Profit

Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.

September 2, 2011

Palfinger Closes Acquisition of Russian Inman

The Austrian crane producer completed the takeover of its Russian competitor. The deal is regarded as an important step in the company’s growth strategy in the CIS area.

August 26, 2011

Sberbank Reduces Offer for VBI after Drop of Share Prices

Sberbank wants to pay less for the purchase of Volksbank International after European bank shares have dropped more than 20%. Executives are going to meet on 28 August to negotiate the deal.

August 26, 2011

Major Order from Russia for C.A.T. oil

The Lower-Austrian provider of oil and gas field services received new orders worth € 70m in Russia. The order book volume grew to € 239m.

August 19, 2011

FACC to Build Construction Plant in Russia

The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.

August 18, 2011

S&T Deeper in the Red

The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.

August 10, 2011

Martin Schwedler Appointed CEO of Raiffeisen Investment in Moscow

The previous board member of RIAG will focus on expanding the Austrian bank’s presence in Russia’s growing M&A and ECM business.

August 1, 2011

Immofinanz Generated New Funds in Russia

The Austrian real estate company reached an agreement on the refinancing of its logistics center in St. Petersburg. The new funds will be invested in further projects in Russia.

July 21, 2011

New Attempt for Oil Pipeline Bratislava – Schwechat

New impetus for the Austro-Slovak infrastructure project: The pipeline would link OMV to the Russian network.

July 20, 2011

VBAG and Sberbank Agree on Sale of VBI

After several months of negotiations the two banks have agreed on the main conditions of the sale of Volksbank International. The deal will be closed by the end of this year.

July 15, 2011

Volksbanken Group Speeds Up Sale of VBI

In the face of the looming negative result of the stress test, the Austrian bank is trying to conclude negotiations with Russian Sberbank.

July 13, 2011

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
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