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Russia in Austria | Russians in Vienna | Bilateral Relations
Austria and Russia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
Necas Supports Turkish EU Membership
On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.
February 6, 2013
Erdogan Considers Joining „Shanghai Five“
Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.
February 1, 2013
“Operations of Austrian Banks in CESEE Region Are a Success Story“
Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.
January 30, 2013
EU FDI Stocks: Russia Ranks Fifth
Foreign Direct Investment EU27 investment stocks in the rest of the world increased by 50% between 2008 and 2011.
January 22, 2013
Nabucco: Decision Will Be Announced by Mid-2013
The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.
January 21, 2013
CESEE Property Market Highly Heterogeneous
In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.
January 21, 2013
Russian Rosatom May Build Nuclear Power Plant in Bohunice
Because of the completion of the Czech nuclear power plants, the Czech energy company CEZ is expected to withdraw from the construction project.
January 19, 2013
Serbia: Dinkic Underlines Importance of South Stream Pipeline
The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.
January 19, 2013
Deripaska Increases Stake in Strabag
The Russian industrialist Oleg Deripaska buys 0.6% of Strabag shares. In total, he holds a stake of 18.2%.
January 18, 2013
Croatia Finds Compromise with Gazprom
Croatia will be connected with the South Stream pipeline. The construction costs will total € 60m.
January 17, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)
Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.
January 15, 2013
First Signs of Economic Recovery
Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.
January 10, 2013
Serbia to Sign Loan Agreement with Russia
Tomorrow, Serbia´s Minister of Finance Mladjan Dinkic will visit Moscow.
January 10, 2013
“2013 will be a better growth year for CEE than 2012”
Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.
January 7, 2013
CESEE: Economy Slows Down Further
CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.
January 7, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Significant Upward Trend in Austrian Tourism Sector
Positive start in winter season 2012/13: 4.15 million overnights in November. The number of guests from Italy and Russia is growing remarkably.
January 4, 2013
CESEE: Deposit Growth Slows Down
Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012
CESEE Asset Quality: “Not out of the woods”
In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.
December 20, 2012
CESEE Banking Sector: Improving Market sentiment, but Slower Growth
The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.
December 20, 2012
Russia´s Budget Deficit Higher than Expected
This year, Russia will record a budget deficit of 0.25% of GDP.
December 20, 2012
EU: Exports to Russia Decline
EU27 deficit in trade of goods with Russia down to 65 bn euro in the first nine months of 2012.
December 19, 2012
Ponta to Remain as Prime Minister
Despite heavy dispute with Ponta, Romania´s President Traian Basescu announced to swear him as Prime Minister. Basescu has no other choice.
December 17, 2012
EVN to Enlarge Renewable Energy Production and Expand into Russia
The Vienna-listed energy producer wants to change its energy production portfolio. The hydro power, wind power and solar power production will be enlarged.
December 17, 2012
CA Immo: Gazprom New Tenant
ZAO AVIELEN A.G., a joint venture of the Austrian real estate companies Warimpex, CA Immo and UBM, is renting two thirds of its office space at AirportCity St. Petersburg to Gazprom Invest Zapad, a subsidiary of OAO Gazprom.
December 13, 2012
South Stream: No Pipelines to Austria
Austria will not be connected to the Russian pipeline project. Neither OMV nor Gazprom make a comment.
December 12, 2012
Russia Starts South Stream Pipeline
Today, the Russian gas group Gazprom has officially begun the construction works of the pipeline project.
December 7, 2012
Bulgaria Puts Pressure on Nabucco
Bulgaria wants the Nabucco project to start as soon as possible.
December 5, 2012
Sberbank Intensifies its Relations with Turkey
In future, the Sberbank of Russia is to step up its activities in Turkey and on December 3, 2012 signed two landmark agreements to this end.
December 5, 2012
RHI: USA and India as Growth Markets
CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.
December 1, 2012
RHI: 2012 Will be Successful
The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.
November 30, 2012
CESEE: Russia Has Best Growth Prospects
Next year, Russia is expected to record a GDP growth rate of 3.8%, Vienna Institute of International Economic Studies (wiiw) says.
November 26, 2012
AUA to Strengthen CEE Network
After Air Berlin decided to reduce the number of flights from Vienna to Eastern European destinations, Austrian Airlines intends to fill the gap.
November 20, 2012
“Austria is a committed partner in the security field”
Austrian Foreign Ministry: New security threats and regional conflicts discussed with Russian National Security Advisor.
November 16, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
VBI Is Now Called Sberbank Europe AG
VBI (Volksbank International), the former Eastern European division of Austrian VBAG was renamed to Sberbank Europe.
November 7, 2012
CESEE: Business Climate Deteriorates
According to OeKB (Austrian Clearing Bank), the economic sentiment in Southeastern Europe is declining. Poland remains the growth engine.
November 7, 2012
Croatia Does not Participate in South Stream Pipeline
The Russian gas pipeline South Stream will not run across Croatia. Initially, Croatia was viewed as transit country.
November 5, 2012
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
„Strengthening Relation with Russia“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.
October 25, 2012
Rewe Austria to Expand in Russia
Rewe Austria intends to open ten new stores in Russia per year. Besides Russia, the Ukraine and Romania are main target markets.
October 22, 2012
Austrian Trade with Russia is Booming
This year, the Austrian Chamber of Commerce expects new record results. Above all, South Russia is perceived as future market.
October 18, 2012
RHI Begins to Downsize in Europe
The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.
October 18, 2012
Stepic: “Must Reduce Lending in CESEE”
The CEO of Austrian RBI (Raiffeisen Bank International) Herbert Stepic explains that new lending in Eastern Europe must be reduced substantially.
October 11, 2012
Belarus Has Lost an Important Source of Export Revenues
The economic prospects for the Belorussian economy are bad. The ruble will have to devalue. External support will be necessary, the Centre for Eastern Studies says.
October 5, 2012
Austrian Trade with Russia Reaches New Record
This year, bilateral trade with Russia will reach about € 7.0bn. President of the Austrian Chamber of Commerce Christoph Leitl wants to strengthen foreign trade with Russia.
October 4, 2012
EU as „Serbia´s Most Important Market“
The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.
October 4, 2012
Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
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