Sponsored Content
Serbia in Austria | Serbs in Vienna | Bilateral Relations
Austria and Serbia - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
OMV to Sell Petrol Stations in Croatia and Bosnia
The Russian oil company Zarubezhneft is interested in OMV´s Bosnian and Croatian petrol stations.
January 18, 2012
Erste Group Provides Major Loan to Telekom Serbia
The Austrian bank commits € 140m to Telekom Serbia as part of a recent syndicated loan taken by the company. Erste Group acted as joint mandated lead arranger, underwriter and bookrunner.
January 18, 2012
Porr: Capital Increase Flows Smoothly
According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.
January 16, 2012
Telekom Austria Faces New Taxes in Croatia
Croatia re-introduces extraordinary taxes for telecommunication operators. The local government is criticized by Telekom Austria and the EU.
January 13, 2012
VIG Has „No Problems in Hungary“
“We are an insurance group and not a bank.”, said the management of Vienna Insurance Group. Nevertheless, the developments are observed thoroughly.
January 11, 2012
Wettpunkt Invests in Croatia
The Austrian betting company expands its operations in Croatia. Investments of € 10m were announced.
January 4, 2012
Styrian Mining Company Causes Problems for Austrian Banks
The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.
December 28, 2011
Serbia Tries Privatization Again
After the privatization of Telekom Srbija has failed in spring 2011, the Serbian government tries again. Telekom Austria could still show interest.
December 19, 2011
Uniqa Grows Quickly in Bosnia and Herzegovina
The insurance company’s premium volume increased by 14% in the first three quarters of the year.
December 16, 2011
Airport Zagreb: Strabag Not Awarded
Two offers for were submitted for the enlargement of Zagreb Airport. Strabag´s offer has been rejected.
December 13, 2011
Austrian Investor Interested in Croatian Aluminum Company
The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.
December 10, 2011
Austria´s Industry Supports Croatia´s EU Accession
The Austrian Chamber of Commerce sees a huge interest of the domestic economy in Croatia´s EU accession. In 2010, Austria was the largest investor.
December 10, 2011
Sale of Croatian OMV Petrol Stations Begins
OMV´s current market share in Croatia is 13%. Almost every major oil company in Europe shows interest.
December 9, 2011
OMV Sells Croatian and Bosnian Subsidiaries
In line with the strategy of the Austrian oil and gas company, the sale of the retail and commercial business in Croatia (OMV Hrvatska d.o.o) and Bosnia-Herzegovina (OMV BH d.o.o) is under consideration.
December 6, 2011
Strabag Wins New Orders for Environmental Technology Division
The Austrian construction group secured new business worldwide. The total volume is € 110m.
November 29, 2011
Uniqa Group Strengthens Market Position in SEE Region
The Austrian insurance company expands its market leadership in Albania and is ranked on number two in Kosovo.
November 21, 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
VIG Raises Equity Base in Croatia
The local authority claimed for a capital increase for the Croatian subsidiary of Vienna Insurance Group. Now, € 15m were transferred.
November 16, 2011
VSE Cooperates with Montenegro Stock Exchange
Vienna Stock Exchange and Montenegro Stock Exchange sign agreement on data vending cooperation.
November 16, 2011
Profit Decline for Telekom Austria
Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.
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
Austria Intensifies Economic Relations to Serbia
The President of the Viennese Chamber of Economics, Brigitte Jank, meets Serbian Ministers in Belgrade and sees a huge potential for Austrian companies.
November 2, 2011
Croatian Parliament Abolishes 6% Mobile Service Tax
The local subsidiary of Telekom Austria benefits from the abolition of the special tax which caused expenses of € 15.2m in 2010.
October 28, 2011
Alpine and Strabag Fighting for the Concession for Zagreb’s Airport
European airlines are facing difficult times, but the demand for flights is still high. The future belongs to South European countries. Therefore, international airlines and airport operators are seeking their chance there.
October 25, 2011
VIG Acquires Jahorina Insurance in Bosnia and Herzegovina
The Vienna Insurance Group AG Wiener Versicherung Gruppe is the new majority shareholder in the Jahorina Osiguranje AD Pale (Jahorina) insurance company in the Republic of Bosnia and Herzegovina.
October 20, 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
Still Danger of Overheating in SEE Property Markets
According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.
October 15, 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
Kelag to Invest € 70m in Bosnia-Herzegovina
The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.
September 29, 2011
Serbia as Growth Market for Denkstatt
The Vienna-based environment consulting group Denkstatt intends to gain a foothold in Serbia.
September 19, 2011
Vienna Insurance Group: Market entry in Bosnia-Herzegovina
The Vienna Insurance Group AG has signed a contract to acquire a majority stake in the insurer Jahorina Osiguranje AD Pale (Jahorina) in Bosnia-Herzegovina after successfully concluding due diligence.
September 13, 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
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
Cineplexx Grows Further in SEE Region
The Austrian cinema group takes over two major cinemas in Serbia and Montenegro. Thus, Cineplexx already runs five cinemas in former Yugoslavia.
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
Vienna Insurance Group Expands Involvement in Albania
With the acquisition of a 75% stake in Intersig, the Austrian insurance company raises its market share in Albania to 30%.
August 24, 2011
Telekom Austria Closes Acquisition of Croatian B.net
The Austrian telecommunications group has received green light from Croatia’s competition authority for the acquisition of the country’s largest cable operator.
August 8, 2011
S&T Wins Contract in Serbia
The Austrian IT service provider will be responsible for the implementation of the largest SAP project in Serbia in the last years.
June 28, 2011
WIFI International Expanding into Albania
The education provider continues its internationalization strategy and is now active in nine CEE/SEE countries.
June 24, 2011
WKÖ: Economic Talks with the Macedonian President
80 Austrian enterprises are already active in Macedonia. Exports to the country increased by 17% in the first quarter of the year.
June 21, 2011
Telekom Austria Refrains from an Acquisition of Telekom Srbija
For the time being, the Austrian telecommunications group has no intention to pursue a deal with the Serbian government after negotiations had failed in May.
June 16, 2011
Austria Still Biggest Investor in Serbia
Since 2000, Austrian companies have invested more than € 3bn in the Balkan country.
June 14, 2011
Telekom Austria Acquires B.net Hrvatska
The telecommunications group purchases Croatia’s largest cable operator from Bewag, an Austrian regional electricity supplier.
June 8, 2011
Telekom Austria Bidding for Kosovo Telecom
The Austrian telecommunications group and a Croatian competitor have been shortlisted in the privatization process of Kosovo’s most profitable company.
June 7, 2011
AUA Give Up Their Focus on CEE
Austrian Airlines are going to improve their connections to Western Europe at the expense of their destinations in the East. The company is currently serving 46 airports in CEE.
May 30, 2011
Fast News Search
This category only
