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Slovakia in Austria | Slovaks in Vienna | Bilateral Relations

Oberbank Satisfied with 2011 Results

The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.

January 17, 2012

Treichl Does Not Expect Hungarian National Insolvency

In spite of a large exposure in Hungary, Andreas Treichl, Erste Group´s CEO is optimistic. By 2014, Erste Group Hungary should be profitable again.

January 14, 2012

DiTech Raises Sales by 9.0%

The Vienna-based computer retailer recorded sales of € 105m in 2011.

January 14, 2012

RZB Issued Participation Capital

The Austrian banking group optimizes its structure by acquiring shareholdings in the Czech Republic and Slovakia.

December 30, 2011

Vienna Airport – Decline in Net Profit Due to Special Effects

Results were burdened by impairment charges and non-recurring effects relating to the Skylink terminal extension and the investment in Košice Airport. Net profit amounted to € 20.2m.

November 24, 2011

OMV to Sell Petrol Stations to Slovak Slovnaft

The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.

November 22, 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

Vienna Airport Issues Profit Warning

Non-recurring effects and impairment charges of € 74m have a negative effect on results for the first nine months of 2011; preliminary net profit for the period falls to € 20m.

November 18, 2011

Vienna Insurance Group Reports Moderate Rise in Profits

Profit (before taxes) went up by about 10 percent to € 414.1m. Group premiums rose by 4.0 percent to € 6.8bn.

November 15, 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

Germans Are Savings Champions Followed by Austrians

Erste Group Savings Study: Germans save most (€ 180 per month), followed by Austrians (€ 168) and Britons (€ 160). In CEE, the Czechs and Slovaks (€ 90) are the tireless savers.

October 27, 2011

Rabmer Building Opens a New Subsidiary in Poland

Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.

October 24, 2011

Negative Results for S&T

The Austrian IT service provider S&T had to report losses in the third quarter of 2011. Sales were below expectations.

October 22, 2011

Slovak Bank Tax Is Going to Hurt Austrian Banks

On Thursday the Slovak parliament has officially approved a bank levy. The tax is one of the measures taken by the government to strengthen the Slovak budget.

October 21, 2011

Corruption Suspicions Against Penta

The Czech-Slovak investment company, which also bid for the Austrian A-Tec, is accused to have paid bribes to the Czech Minister of Finance.

October 19, 2011

Austrian Railways to be Widened

The EU Commission declares the Austrian South Axis to be strategically important.

October 19, 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

Slovakia Approved EFSF

After unsuccessful voting on Tuesday, Slovak lawmakers supported today the enlargement of the European Financial Stability Fund.

October 13, 2011

Slovakia Against the Enlargement of the Euro Zone Bailout Fund

After six hours of heated debate Slovak lawmakers failed to approved the European Financial Stability Fund (EFSF).

October 12, 2011

Czech Consumer Price Index Increased by 1,8% Compared to September 2010

According to research released by the Czech Statistical Office, consumer prices decreased in September by 0.2 %, month-on-month.

October 12, 2011

Increase of Car Production in Czech Republic and Slovakia

Last week, the Czech Statistics Office announced that industrial production since the beginning of the year increased by 3.5 percent mainly due to the automotive industry.

October 12, 2011

Vienna Airport to Cooperate Closer With Bratislava

The Vienna International Airport (VIA) is looking for potential synergetic effects in Bratislava, which should bring further passenger growth.

October 10, 2011

Penta Bids for A-Tec Again

The Czech-Slovak group is still interested in an acquisition of the insolvent Austrian conglomerate and has now submitted a new offer.

October 7, 2011

New Board Member for Slovak Subsidiary of VIG

Erik Nikmon was appointed to the Managing Board of Kooperativa. He will take up his position on 1 November.

October 6, 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

A-Tec to be Dissolved

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

October 1, 2011

A-Tec Sale: Penta Sues

The Czech-Slovak investment consortium Penta, which made a bid in the A-Tec sale, sues against the award for the competitor Contor Industries.

September 20, 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

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

Kovats with New Plans for A-Tec

According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.

August 24, 2011

BKS Bank Continues Expansion Course

The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.

August 19, 2011

Penta Is Extending Offer for A-Tec

The Czech-Slovak investment group has affirmed its interest in a takeover of the Austrian conglomerate and extended the validity of its offer.

July 28, 2011

New Attempt for Oil Pipeline Bratislava – Schwechat

New impetus for the Austro-Slovak infrastructure project: The pipeline would link OMV to the Russian network.

July 20, 2011

RBI’s Direct Bank Zuno Starts Operations in the Czech Republic

Following the launch in Slovakia at the end of 2010, Raiffeisen’s direct bank now takes up business in a second country.

July 19, 2011

Successful Start for RBI’s Direct Bank Zuno in Slovakia

18,000 Slovak customers have deposited a total amount of € 125m in the first six months since the bank entered the market in December 2010.

June 30, 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

Purchasing Power Parities 2011 from the Austrian Perspective

US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.

May 27, 2011

Eastern Europe Becoming Attractive Again

For two years Austrians have abstained from investing in Eastern Europe, resulting in a loss of market share in these countries. Interest starts to recover now.

May 25, 2011

Falkensteiner Michaeler Tourism Group on Growth Course

With the four-part investment strategy in Central and Southeastern Europe, the Falkensteiner Michaeler Tourism Group AG (FMTG) is on the path to success.

May 12, 2011

Erste Group: Slight Increase in Profits Expected

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

April 27, 2011

Shipping on the Danube is Far Below its Potential

Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.

April 23, 2011

Erste Group Manages € 1.00bn increase of Slovak sovereign bonds

Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors

April 18, 2011

Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller

For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.

April 16, 2011

Immofinanz Opens Tenth Retail Park in Slovakia

STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.

April 15, 2011