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Austria and Russia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism

Strabag acquires property und facility management service provider in the Czech Republic

The acquisition of 100% of ECM Facility a.s., Prague garantes the number 5 position in property & facility management in the the Czech Republic.

September 20, 2010

CEE Companies in a Turmoil

According to a study by Deloitte, last year Eastern Europe’s top 500 companies showed a clear decline in sales.

September 14, 2010

Russian Fund Accuses RZB of Money Laundering

The Russian fund Hermitage Capital, which has been at loggerheads with the Russian authorities for years owing to a major tax fraud case, now accuses the Raiffeisen Zentralbank (RZB) for having aided and abetted the money laundering.

September 14, 2010

Putin: Gas pipeline Nabucco with "little chance of success"

Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.

September 8, 2010

Horváth & Partners Study - CEE remains attractive

A new study of the Horváth & Partners Management Consultants studied the success factors for setting up the subsidiaries of production sites in CEE.

September 8, 2010

Raiffeisen Centrobank AG - Interim Financial Report released

Raiffeisen Centrobank made the biggest contribution to the result of the group with a profit after tax of EUR 14.401 mn.

August 31, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Strabag sells joint venture share to Sberbank

Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.

August 23, 2010

Telekom Austria's verifies sale to Russian MTS

Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.

July 20, 2010

C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.

July 5, 2010

Gazprom plans to enter Slovakian market

The gas company will take over the subsidiary Energo Vemex in Slovakia.

June 16, 2010

C.A.T. Oil AG further improves profitability and earnings under abnormally harsh weather conditions

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, today has published its results for the first quarter 2010.

May 31, 2010

Warimpex successfully completes capital increase

In a difficult environment on the financial markets Warimpex successfully completed its capital increase by placing 14,400,001 new ordinary shares, representing approximately 36% of the existing share capital.

May 27, 2010

Sberbank partially repays subordinated loan to the Central Bank, positive signal to creditors

Sberbank, the largest bank in Russia and CIS, announced that it had redeemed the first RUB 200 bn tranche of the RUB 500 bn subordinated loan from the Central Bank of Russia.

May 21, 2010

OMV to retreat from Russia

Austrian mineral oil company OMV wants to focus on Asia and therefore completely retreats its activity from Russia.

May 20, 2010

C.A.T. Oil AG - dividend announcement

The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.

May 18, 2010