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CESEE

Alpine Launches New Corporate Strategy

The Austrian construction company underlines its commitment to the energy sector. Profitability should be enhanced, CEO Dotter emphasized.

May 7, 2012

Improved Business Atmosphere in CESEE Region

According to a survey by OeKB (Oesterreichische Kontrollbank), expectations of investors are beyond the level of January. Austrian exports to the CESEE region may increase.

May 4, 2012

VBI: Sberbank Injects € 300m

The Russian Sberbank raises the equity base of its new Austrian subsidiary VBI, which should become the hub for the CEE region.

April 24, 2012

Triple-A Will Not Return Soon

The U.S. rating agency S&P dashes hopes that Austria may get back its “AAA” soon. Austrian banks may still face risks as the crisis is over yet, S&P says.

April 20, 2012

Fitch Confirms “AAA” For Austria

The U.S. rating agency Fitch Ratings has affirmed Austria's Long-term foreign and local currency Issuer Default Ratings at 'AAA'. The rating Outlooks on both Long-term ratings are Stable.

April 17, 2012

US and UK Dominating at CEESEG

Investors from the UK and the US are the most important participants at CEESEG in 2011.

April 16, 2012

Austria Tries to Adapt its Image

In order to attract foreign investors, Austrian companies are attempting to amend the country’s image. Instead of tourism and culture, the industrial sector and the expertise should be underlined.

April 13, 2012

Strong Growth at UniCredit Leasing Austria

Volume of new business rises by 23.6 per cent to about € 943m. In 2011, UniCredit Leasing Austria expanded its market lead in Austria to a market share of 14.9 per cent

April 12, 2012

AVE Needs Fresh Funds

The waste management company, which is held by the Upper Austrian energy company Energie AG, intends to pursue its growth strategy in CEE. New capital is needed therefore.

April 10, 2012

Austria and CEE: Slight Upward Trend

Real GDP in CEE to grow by 2.6 per cent in 2012, while GDP in eurozone set to shrink by 0.5 per cent. Austrian GDP to expand by 0.3 per cent.

April 10, 2012

Failed Austerity Package: „Austrian Rating Not Affected“

Bernhard Felderer, director of IHS (Institute of Advanced Studies) thinks that the incomplete austerity package has no effect on Austria´s prospects to return to the Triple-A status.

April 7, 2012

Austrian Insurance Industry: Growth Opportunities in CESEE

Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.

April 6, 2012

CSC: Substantial Growth in CEE Markets Expected

The U.S. IT service supplier CSC upgrades the Viennese subsidiary again. Recently, CSC Austria became a regional headquarter for ten countries. Now, a R&D center was created.

April 5, 2012

Austrian Insurance Firms Continue to Commit to Internationalisation

Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.

April 4, 2012

Steiermärkische Interested in Hypo Group´s Subdidiary

The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.

April 3, 2012

Austria Must Underline its Headquarter Function

Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.

April 2, 2012

Strong Rise in Foreign Direct Investment

According to Austrian Business Agency (ABA), total investment increased by 34%. 1,822 new jobs were created.

March 30, 2012

Bank Austria Considers Leaving East European Markets

UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.

March 30, 2012

Poland Remains Attractive for Real Estate Investors

In its country report, Bank Austria sees Poland still as an interesting real estate market. Nevertheless, prime yields are declining already.

March 28, 2012

Banks have CEE-Subsidiaries „Under Control“

RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.

March 21, 2012

Bawag to Refund Bank Aid in 2014 by Earliest

The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.

March 17, 2012

Vienna Initiative an Insurance Policy, not a Game Changer, Fitch Says

The principles adopted Tuesday in “Vienna Initiative 2.0” do not change Fitch’s base case expectation that central, eastern and south-eastern Europe (CESEE) will continue to see weak, or marginally negative, credit growth in the near-to-medium term.

March 15, 2012

No Credit Crunch in CEE

Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.

March 14, 2012

Hypo Group: Losses of € 165m

Hypo Group Alpe Adria, a nationalized Austrian lender, does not pay a dividend to the state. According to IFRS, Hypo Group could achieve profits of € 69.3m.

March 13, 2012

Turkey as Growth Market for Siemens Austria

Siemens Austria ´s CEO Wolfgang Hesoun regards Turkey as most attractive growth market, as the economy is highly diversified and shows high economic growth rates.

March 12, 2012

Magna Plans 40 New Sites

The automotive component supplier intends to establish new sites in Eastern Europe and South America.

March 12, 2012

Hypo Group: Costs Could Increase up to € 10bn

The nationalized Hypo Group Alpe Adria may need massive capital injections by the Austrian state. The bank must downsize radically.

March 10, 2012

AUA: Confrontation of Management and Workforce Sharpens

The management of Austrian airlines must find an agreement with its pilots until March 13. A solution is not in sight.

March 8, 2012

Henkel CEE Achieves Stable Results

The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.

March 8, 2012

Uniqa Aims for Growth in CESEE Region

The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.

March 5, 2012

Viennese Office Market: Collapse Threatens

Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.

March 5, 2012

Nowotny: „Austrian Banking Activities in CEE Better than their Reputation”

According to the governor of the Austrian Central Bank (OeNB), Ewald Nowotny, Austrian banks engaged in Central and Eastern Europe are more stable than they are supposed to be.

March 1, 2012

Atos Keeps Vienna as CEE Headquarters

After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.

February 27, 2012

Austria Discussing Top Banks’ Capital Rules With EU Commission

Austria’s regulators are discussing rules for its top banks that will curb excessive lending in Central and Eastern Europe with the European Commission.

February 25, 2012

EVN: Rise in Sales, Decline in Profits Expected

The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.

February 24, 2012

Siemens Austria Has Growth Targets

The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.

February 24, 2012

Slight Growth Rates of Spar in CEE Region

For the first time, the Austrian supermarket chain´s sales totaled more than € 12.0bn in 2012. Sales growth amounted to 3.8%.

February 24, 2012

Baumax Faces Stagnation

The Austrian building center chain records declining sales in real terms in Austria. Growth rates are observed in Eastern Europe.

February 24, 2012

CSC Establishes its CEE Headquarters in Vienna

The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.

February 22, 2012

Stepic Criticizes Rating Agencies Sharply

For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.

February 20, 2012

Sberbank Upgrades VBI´s Headquarter in Vienna

After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.

February 20, 2012

Austrian Outlet Center Market is Saturated

The Eastern European factory outlet center market still has growth potential. Up to 100 new outlet centers are possible.

February 17, 2012

Cernko Against „Talking Down Austrian Banks“

Bank Austria´s CEO is strictly against an undifferentiated view on CEE-countries. Austrian banks with an exposure in the CEE region shall not be talked down.

February 17, 2012

Vienna Stock Exchange Cooperates With Eurex

With Eurex derivatives exchange, Vienna Stock Exchange wins a new customer.

February 16, 2012

Capital Increase at RBI?

According to market rumors, Raiffeisen Bank International is said to revisit € 1.00bn sale as shares rise.

February 8, 2012

CEE Countries with Bigger Space for Higher Bond Yields

Romania, Czech Republic and Slovakia with biggest room for manoeuvre in case yields would spike; Hungary should avoid financing at +6%, says Erste Group.

February 6, 2012

Stepic: „Reaching AAA Again Is Possible“

RBI´s CEO Herbert Stepic thinks that due to the strength of Austria´s real economy, re-gaining the triple A is possible within the next years.

January 28, 2012

Lutz Enters Croatia

The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.

January 26, 2012

Treichl: „S&P Errs Sometimes“

Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.

January 25, 2012

Takeover of Ljubljana Stock Exchange Completed

The Austrian CEE Stock Exchange Group widens its stake in the Slovenian Ljubljana Stock Exchange to 99.85 %.

January 21, 2012