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Slovakia in Austria | Slovaks in Vienna | Bilateral Relations

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

Cargo-Partner Invests 21.5 Million Euro in Slovakia

The Austrian shipping company cargo-partner sets up a logistics center in Slovakia. The first phase - a 7,300 m² large warehouse of 30,000 square meters - will be finished in early 2012.

April 13, 2011

No Rush Expected on the Labor Market after the End of the Transitional Periods

After 30 April 2011, an additional access to the Austrian labor market of about 11,500-16,500 people annually from Hungary, the Czech Republic and Slovakia is expected.

April 12, 2011

Economic Growth in CEE and Austria Remains Solid

Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.

April 6, 2011

Falkensteiner Builds in Serbia and Slovakia

The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.

March 31, 2011

Concerns about "Eurovegas"

The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.

March 16, 2011

Hardly any Effects Expected by Labor Market Opening

As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.

March 4, 2011

Increasing Profits for BKS

The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.

March 4, 2011

Henkel CEE grows in Eastern Europe

The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.

February 26, 2011

Erste Group manages € 1.25bn increase of Slovak Bonds

Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.

February 19, 2011

Upward Trend for CEE Insurance Stocks

CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.

February 10, 2011

Business Climate Improves in Eastern Europe

According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.

February 9, 2011

Rising Bankruptcy Fears in Eastern Europe

The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.

February 9, 2011

150 New Bank Austria Branches in Eastern Europe

The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.

February 9, 2011

Investments in Renewable Energies in the CEE are booming

According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.

February 4, 2011

Vienna Insurance Group Shows 15% Increase in Profits

Significant plus of Group profit for the year (before taxes) by almost 15 percent to about € 505m. Increase of premiums written by 6.1 percent to € 8.7bn.

January 25, 2011

New CFO for Vienna Insurance Group Slovakia

Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer

January 21, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

CEE: Raiffeisen Remains Optimistic

The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.

January 12, 2011

CEE Stocks to Climb by 20% in 2011

Erste Group analysts recommend: stock picking rather than sector allocation. 2011 to be a positive year for equity investments.

January 5, 2011

Poor Outlook for Creditors of SkyEurope

The Austrian-Slovakian airline, which became insolvent in 2009, will only reach a quota of 16%.

January 4, 2011

Austria's Labor Market Opens

As of May 1, 2011 the German and Austrian labor markets open for the new EU citizens. Romania and Bulgaria will follow suit in 2013.

December 30, 2010

Garage Operator Company List Expands to Hungary

The Vienna-based List Group, which acts as real estate company, acquired the Wipark Group in Hungary.

December 28, 2010

OeNB: Recovery of the Financial System in a Persistently Uncertain Environment

The OeNB considers that domestic banks benefit from the positive development in the CEE region. However, uncertainties stay on as before.

December 15, 2010

Nowotny: No Euro-bonds Yet

Although he supports the euro-bonds in principle, the time has not come yet for the Governor of the Austrian National Bank.

December 10, 2010

Austrian Economic Chamber Supports Development of the Danube as a Transportation Route

Austrian Economic Chamber President Christoph Leitl supports the EU's Danube region strategy to expand infrastructure between the Danube countries.

December 10, 2010

A Las Vegas for Europe

On the Austria-Hungarian border, the European “EuroVegas” gaming metropolis is to be built for € 5.0bn.

December 8, 2010

Raiffeisen Bank International's direct bank Zuno launches in Slovakia

Zuno, which target Internet-focused customers, launches operations in Slovakia. Additional CEE countries will follow in 2011.

December 6, 2010

Austria's Position in the CEE Region Shakes

According to the Roland Berger consultancy agency, Austria receives not only competition in the CEE countries, but the importance of the region also decreases from a global viewpoint.

December 1, 2010

Immofinanz Expands into the Czech Republic and Slovakia

Immofinanz established a new retail concept: STOP.SHOP. has grown in both importance and size in recent years. The Czech Republic and Slovakia are the most important countries.

November 11, 2010

Erste Group: CEE Companies More Efficient than Western Counterparts

CEE companies are more efficient, more profitable and less indebted as Western companies. The German corporate sector is the only sector to compete with CEE companies.

November 10, 2010

Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver

The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.

November 8, 2010

Wienerberger Plans Full Takeover of Semmelrock International

The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.

October 29, 2010

Vienna International Airport: Business With Low-Cost Carriers booms.

A significant portion of Vienna International Airport’s sales are achieved with low-cost airlines. The airport's boss wishes a more extensive partnership with the Bratislava location.

October 21, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010

Slovakia: Changes in Automobile Production Trend

Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.

October 12, 2010

RZB Group Tatra banka among Lead Managers for Slovak Republic EUR 2 Billion Benchmark Bond

Tatra Banka (RZB Group), HSBC, SG CIB and UniCredit Bank Slovakia placed a Slovak Republic issue with a maturity of fifteen years.

October 11, 2010

Bratislava: Investment in Slovak 'Las Vegas' in Danger

Bratislava might lose the planned amusement park "Metropolis", with an investment amount of 1.5 billion euro, if the Slovak government revokes the already approved tax concessions.

October 7, 2010

Bogner Edelstahl Continues to Grow

Austrian stainless steel specialist Bogner is pursuing an ambitious expansion plan in spite of the sales drop.

September 30, 2010

Demmers Teehaus Seeks Entry into New CEE Markets

The Austrian tea specialist Demmer, who is expanding into CEE with a franchising strategy, wants to enter new markets.

September 30, 2010

CEE Real Estate: Outlook is brightening

CEE real estate stocks are currently in a phase of brisk corporate action. Financially sound companies with attractive assets are interesting takeover targets, while other companies are being taken over.

September 27, 2010

CEE Banking Sector Report: Still More Credit Losses in the East

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

September 21, 2010

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

Slovakia increases VAT temporarily

As soon as the budget is back on its feet, the tax will be 19 percent again, according to Prime Minister Iveta Radicova. A deficit of up to eight percent is forecast for 2010.

September 9, 2010