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Austria and Turkey - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Turkey in Austria | Turks in Vienna | Bilateral Relations
Turkey: Verbund Fails in Privatization
The Austrian-Turkish joint venture was unable to participate in the privatization of the Turkish power grids. The Group's objectives remain valid nonetheless.
December 8, 2010
DO & CO - Good Results in a Difficult Environment
The Austrian catering company Do&Co; currently achieves high growth in profits. Globally, Do&Co; however remains a small player.
December 2, 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
Major Order for Porr in Libya
Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.
November 29, 2010
DO & CO Completed Capital Increase
The Capital Increase of Do & Co Restaurants & Catering AG has taken place successfully. The subscription and offer price was set at € 21.90
November 29, 2010
Vienna Insurance Group Takes a 100% Stake in TBIH
VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.
November 26, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey
UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 2010
Voestalpine Expands into the Gulf Region
The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.
November 16, 2010
Verbund: Further Expansion in Turkey
The power company intends to increase its presence in the rapidly growing Turkish market. But above all, investments will be made in Austria.
November 10, 2010
Heinzel Group: Unrestricted Expansion
This year, the Austrian paper group expects a turnover of 650 million euro; in 2011 the billion mark will be exceeded.
November 9, 2010
DO & CO: Capital Increase by 25 Percent
DO & CO has decided to carry out a capital increase of 25 %.Maximum subscription and offer price amounts to EUR 21.90.
November 8, 2010
Financing of OMV-Deal in Turkey Still Open
OMV leaves the financial markets still in the dark as to how it will cope with the acquisition.
October 25, 2010
Large Power Plant in Turkey: Verbund concludes Joint Venture
With an investment volume of 550 million euro, the Verbund operates together with its Turkish partner Sabanci Holding, a gas-steam power plant.
October 25, 2010
OMV: Complete Takeover of Petrol Ofisi Fixed
The deal is finished. Turkey will be the third main market for the OMV group.
October 22, 2010
Major Project for Siemens Austria in Georgia
Siemens Austria is involved in a project to develop the electricity industry in Georgia. The infrastructure project will act as a bridge between Russia and Turkey.
October 22, 2010
OMV Deal: Many Questions Without Answer
Not only the extent of the takeover is unknown, but also how it will be financed.
October 22, 2010
OMV Plans Complete Takeover of Petrol Ofisi
OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV
October 20, 2010
Do & Co Expands Rapidly in Turkey
After the successful expanion with Turkish Airlines, Do & Co plans to enter the event-catering market
October 18, 2010
Vienna Insurance Group: increase the proportion of TBIH to 100 percent
After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.
July 23, 2010
Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey
International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.
June 15, 2010
Verbund to expand in Turkey
The subsidiary of Verbund and Sabanci Holding wants to bid on privatization auction of electricity networks in Turkey.
May 18, 2010
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