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Russians and People of CIS Countries in Vienna | Russia in Austria
Austria and Russia - Latest cross-border activities between Austria and Russia and the 9 members of the Commonwealth of Independent States (CIS)
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
Russian Economy Shows Insufficient Diversification
The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.
July 18, 2013
EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks
Euro area international trade in goods surplus 15.2 bn euro.
July 17, 2013
Russia Only Posts Moderate Growth Rates
Russian economists forecast that the Russian GDP will grow by 1.6% this year. This is substantially below the growth rate of 2012.
July 16, 2013
Moody´s Cuts Bank Austria´s Rating
According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.
July 16, 2013
Serbia to Invest € 10bn in Energy Sector
Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013
OMV Petrom Sold Subsidiary
OMV Petrom sold its subsidiary Petrom Distribuţie Gaze SRL.
July 11, 2013
Russia to Support Serbia Financially
Russian government paid $300 million of financial support to the budget of Serbia.
July 11, 2013
Russia to Reduce Oil Export
Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.
July 11, 2013
Russian Car Market to Get New Lift
The number of sales of new cars in Russia has declined 11 percent. This is the fourth month in a row showing declines, according to the figures of the Accociation of European Businesses (AEB).
July 10, 2013
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Ukraine Looking for Alternative Gas Suppliers
Gas supply from Europe to Ukraine may stimulate pricing of Russian import.
July 8, 2013
OMV Petrom Set World Record in Casing Drilling.
OMV Petrom, the largest oil and gas producer in Southeastern Europe, set a world record in the field of casing drilling in terms of diameter of drilling column and depth.
July 5, 2013
Bolivia: “We Don’t Need a US Embassy“
Bolivian President Morales is still infuriated over the flight incident and considers closing of US embassy in La Paz. He is supported by his counterparts from Venezuela and Ecuador.
July 5, 2013
Diplomatic Uproar After Bolivian Emergency Landing in Vienna
After the allegedly forced stop of in Austria, Bolivian President Evo Morales has returned to his home country. International criticism arises, also in regard to Austria’s actions.
July 4, 2013
Rosneft to Take Over Itera Completely
Russian oil producer Rosneft has taken over gas corporation Itera completely and now wants to compete against energy giant Gazprom.
July 2, 2013
Abramovich Withdraws from Politics
Abramovich resigned from office as speaker of the parliament of the Koryakia Autonomous District.
July 2, 2013
Snowden Applies For Asylum in Austria
Former US intelligence official Edward Snowden has applied for asylum in several countries, among them Austria, according to WikiLeaks.
July 2, 2013
Putin Offers Snowden Right to Stay
Russian President Vladimir Putin has offered fugitive IT specialist Edward Snowden a right to stay as long as he will not further harm the US.
July 1, 2013
Nabucco: Flop for OMV and EU
Petrom will resume exploration drilling in offshore Black Sea block.
June 27, 2013
Rosneft to Supply China Over 25 Years
Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.
June 24, 2013
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
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
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