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Russia in Austria | Russians in Vienna | Bilateral Relations

Czech Republic: New Rounds of Negotiations for Temelin Tender

Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.

April 24, 2013

Serbia: Telekom Srbija to Be Privatized

According to reports by the media, the Serbian government wants to take another try to privatize Telekom Srbija.

April 23, 2013

Putin: Stimulus Package for Russian Economy

Because of the present stagnation Putin demands a stimulus package for Russian economy.

April 22, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

EU Countries to Use Ukrainian Gas Storage Facilities

EU Countries Show Interest in Ukraine’s Gas Transportation System

April 19, 2013

Sberbank Europe AG Appoints Igor Strehl to Management Board

Igor Strehl moves from Management Board of VTB Bank to Sberbank Europe.

April 19, 2013

Bulgaria: FDI Increased by € 40.3m

Largest investments from Greece (€ 9.4m). Austria ranks 4th (€ 6.1m) in investors.

April 18, 2013

Czech Republic and Russia to Enhance Economic Relations

Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.

April 16, 2013

Eurozone: Trade Surplus € 1.3bn Y/Y

Euro area international trade in goods surplus € 10.4 bn

April 15, 2013

Russia: Most Important Future Market for Opel

Head of General Motors, Dan Akerson, regards Russia as the most important future market for Opel.

April 15, 2013

Cyprus Grants Damaged Foreign Investors Citizenship

Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.

April 15, 2013

Cyprus: Bail-Out Package More Expensive Than Thought

The aid-money needed increases from € 17.5bn to € 23bn, according to Cyprian government.

April 11, 2013

Serbia: Vucic „Deeply Disappointed“

Serbian First Deputy Prime Minister Aleksandar Vucic has given up hope for a new date in June for the beginning of EU accession negotiations. Russian Prime Minister Medvedev expressed support.

April 11, 2013

Russia: Kalashnikov-Producer Izhmash Suspected of Embezzlement

A former General Director is suspected of having transferred securities beyond their value. A lawsuit based on corruption allegations was filed against a former Deputy Agriculture Minister.

April 11, 2013

Poland: Protests At Day of Commemoration

Protesters assembled in Warsaw yesterday to demonstrate against the Russian government that still has not released the evidence

April 10, 2013

Estonia and Russia to Enhance Relations

At a meeting on April 5 in St. Petersburg, Estonian Prime Minister Andrus Ansip and his Russian counterpart Dmitry Medvedev focused on the chance of reinforcing cooperations.

April 9, 2013

Gazprom to Be Joined By Shell

Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.

April 9, 2013

Russia to Contribute to Cyprus Aid-Package

President Vladimir Putin has announced that Russia will contribute to rescue-package for Cyprus.

April 8, 2013

Russia: Economic Growth Below Expectations

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

April 8, 2013

Eder: Future of Voestalpine and Steel Manufacturing Industry

In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.

April 4, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

Gazprom to Absorb Romanian Bunkering Operator

Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.

April 3, 2013

European Banks Leaving CESEE Countries

Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.

April 2, 2013

Green’s Fear of Russian Black Money in Austria

Once more, the Austrian Greens insist on a reform of the bank secrecy.

April 2, 2013

Cyprus: Finance Minister Steps Down

According to reports by the media, Finance Minister of Cyprus, Michael Sarris will be replaced.

April 2, 2013

Cyprus: No Bank Run

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

March 29, 2013

Czech Republic: Gazprom to Build New Gas Storage Tanks

Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.

March 26, 2013

Medvedev Vexed Over EU

In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.

March 25, 2013

Russia Wants Berezovsky’s Heritage

After the death of Kremlin critic Boris Berezovsky, Russia wants to grab the former entreprenuer’s assets.

March 25, 2013

Cyprus: Votes on Mandatory Levy

In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.

March 23, 2013

Exiled Russian Tycoon Boris Berezovsky Found Dead

Russian oligarch Boris Berezovsky has died, it was reported today. The exiled businessman, who last year lost a multibillion-pound High Court fight with Chelsea Football Club owner Roman Abramovich, was found dead at his home in Surrey.

March 23, 2013

Russia Enhances Oil Supply to China

Experts describe the dealings as a community of purpose rather than a sign of improved relations.

March 23, 2013

Cyprus: Negotiations About “Plan B“ Today

After days of negotiations in Moscow, Cyprian Finance Minister had to return empty-handed. Talks about “plan B” will continue today.

March 22, 2013

Medvedev: Harsh Criticism For EU At Conference in Poland

At a two day’s international press convention for EU journalists, Russian Prime Minister Medvedev has highlighted the improved political and economic interaction between Russia and Poland. However, he critized the EU on its Cyprus-politics.

March 21, 2013

Cyprus: No Hope in Sight Yet

It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.

March 20, 2013

Cyprus Appeals for Help to Russia

In a vote on Tuesday the government has decided not to use the private money of Cyprus‘ citizens to help bail out the banks. After the rejection, the EU aid package is now off. Cyprus hopes rest on Russia at this point.

March 20, 2013

Russia: Gazprom Runs the Risk of Losing Market Shares

According to the newspaper “RBC Daily”, Gazprom stands to lose a further market share for gas supply as German energy enterprises are prompting the government to start producing shale gas.

March 19, 2013

Cyprus to Receive € 10bn in EU Aid Money

Russia being the biggest investor in Cyprus offered extension of credits. In return, austerity measures and reforms are demanded.

March 16, 2013

VBAG is Forced to Continue Radical Downsizing Measures

The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.

March 15, 2013

Russia: Former Economy Minister To Become New Governor Of Central Bank

Former economy minister Elvira Nabiullina will take over the post of the Central Bank of Russia (CBR) Governor.

March 14, 2013

Russia: Banks At Risk Of Losing Billions

According to rating agency Moody’s, Russians banking institutes are at risk of losing money to investments in Cyprus.

March 14, 2013

Russia’s Share in Latvian Exports Decreases

Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.

March 13, 2013

Russia: Battle Between Rosneft And Gasprom Starts

The fight between Russia’s two biggest energy providers Rosneft and Gasprom has started. Rosneft tries to snatch away large deposits of raw oil and reports Gasprom to the government.

March 12, 2013

Russia: Rosneft Takes over TNK-BP

The EU Commission has approved of the fusion of TNK-BP and Rosneft. According to the commission, Rosneft will still have business competition.

March 11, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Hungary: OTP’s Profits Lower Than Expected for Q4

OTP said it had to recover from losses from previous year. Income in the core domestic business fell 17 % to HUF 94.6 bn in 2012. Still, net profits are up 46 %.

March 8, 2013

Austria: Increase Of Foreign Trade

Even with the economy crisis, the percentage of foreign business expands.

March 8, 2013

Recession in Euro-Area Still Affects CESEE Countries

According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.

March 7, 2013

Mixed Outlook for Russia

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

March 4, 2013

Romania As Risk Factor for Austria´s Public Finance

The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.

March 2, 2013
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