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China

Romania: Chinese Investors to Support Infrastructure Projects with € 3bn

According to the Romanian Infrastructure and Foreign Investments Department (DPIIS), investors from China will support the construction of new highways and electricity generating power plants in the amount of more than € 3bn.

September 11, 2013

Turkey Wants to Become 9th Largest Economy by 2050

Turkey is hoping to become the ninth largest economy worldwide by the year 2050. Growth rates will be around 5.2 percent in the years from 2012 to 2017.

August 30, 2013

Erdogan Considers Leaving U.N.

Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.

August 26, 2013

Adria Airways to be Acquired by China Southern Airlines

Chinese Southern Airlines wants to gain a foothold in the Slovenian air traffic sector. Besides Adria Airways, Ljubljana Airport will be privatized.

August 25, 2013

Zumtobel Takes Over Chinese Affiliate

Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.

July 29, 2013

Bulgaria: Signs of Economic Recovery

Bulgaria services sector marks the highest growth of FDI

July 26, 2013

China: Big Plans for Ljubljana Airport

China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.

July 24, 2013

EU: Current Account with Russia Deep in the Red

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.

July 18, 2013

Serbia to Invest in Renewable Energy

The Balkan country wants to invest more than € 10bn in its energy production. The focus will be on renewable energy.

July 18, 2013

Turkey Considers Economic Re-Orientation

The Turkish government wants to shift its economic focus from Europe to Asia.

July 18, 2013

Russia to Reduce Oil Export

Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.

July 11, 2013

Gazprom Runs Risk Of Losing Leading Position

Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.

July 9, 2013

Austria: Moderate Economic Upturn

After one year of a phase of stagnation, the Austrian economy shows recovery, according to the results of economic indicator by the OeNB (Austrian National Bank).

July 5, 2013

Austrians to Invest Strongly in FDIs

Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.

June 26, 2013

Magna Opens New Engineering Center in Shenyang

Magna International Inc., announced yesterday that its Magna Steyr operating unit continues to strengthen its worldwide network of engineering services by opening a new engineering center located in the Tiexi District of Shenyang, China.

June 26, 2013

Rosneft to Supply China Over 25 Years

Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.

June 24, 2013

Russia: Putin Changes Personnel at Ministry of Economics

In the light of the menancing recession, Russian president Vladimir Putin has reorganized the leaders of economic policy-makers.

June 24, 2013

Mitterlehner: „4,000 New Austrian Exporters Within Two Years“

Internationalization Offensive (IO) “go international” will be prologued until 2015. Economy Minister Mitterlehner and head of the Chamber of Commerce (WKO) Leitl present their main targets for Austrian export.

June 21, 2013

Russia to Improve Relations to China

Russia turns its back on Europe and starts focusing on Asia instead in regard to oil export.

June 21, 2013

Russia Enhances Oil Supply to China

Experts describe the dealings as a community of purpose rather than a sign of improved relations.

March 23, 2013

Russia Makes Oil to Gold

In the last decade, Russia´s government has transformed the oil exports into gold reserves. No other country has bought more gold in the last years.

February 12, 2013

Erdogan Considers Joining „Shanghai Five“

Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.

February 1, 2013

Andritz Acquires Majority stake in Shanghai Shende Machinery

Austrian technology Group Andritz has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting.

January 28, 2013

“Germany overestimated, USA and China underestimated”

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

January 26, 2013

Turkey Plans to Build World´s Biggest Airport

Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.

January 23, 2013

Hungarian Government „Do Not Need Help from IMF“

Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.

December 22, 2012

RHI: USA and India as Growth Markets

CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.

December 1, 2012

Androsch: „AT&S Under Double Pressure“

In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.

October 15, 2012

Voestalpine: No Investments in Europe

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

October 12, 2012

Andritz is Concerned About China

The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.

October 10, 2012

Serbia Asks China for Loan

The Serbian Minister of Finance Mladjan Dinkic asked the Chinese Exim Bank for a € 850m loan in order to realize construction projects. IMF is not satisfied with Serbia´s austerity policies yet.

September 26, 2012

RHI Demonstrates Optimism

The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.

September 24, 2012

Palfinger´s Joint Venture in China Starts Operations

The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.

September 3, 2012

Voestalpine Underlines Expansion Into Asia and America

For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.

August 25, 2012

Crisis in Eurozone: Stepic Is Optimistic

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

August 25, 2012

Telekom Austria Reconsiders Takover of „Yesss!“

The takeover of Hutchison/Orange and Telekom Austria/Yesss! becomes difficult. After the new EU requirements, Telekom Austria wants to examine the acquisition again.

August 4, 2012

AUA Invests € 80m in Long Distance Flights

Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.

July 30, 2012

Hutchison´s CEO: „Austria Benefits from Merger“

Hutchison Austria still holds on the acquisition of the third largest telecommunication service supplier Orange.

July 19, 2012

FACC Builds New Technology Center

The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.

July 16, 2012

Austrian Foreign Trade Figures Flattening

After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.

July 12, 2012

Zumtobel Group Strengthens its Presence in China

The Austrian lighting company announces that the newly built factory was opened in Tianjin, China, for road and tunnel lighting. R&D activities in China will be expanded.

July 12, 2012

Active Direct Investments Higher than Passive Direct Investments

Austrian enterprises make more investments abroad than foreign countries do in Austria, Austrian Central Bank announced.

July 5, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

New CEO at ATB

Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.

July 4, 2012

„Up to 70% of European Steel Capacities are Endangered“

Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.

July 3, 2012

Orange Sale: EU Commission is Concerned too

After the Austrian Federal Competition Authority (BWB) expressed its concerns about the acquisition of Orange by Hutchison Austria, the EU Commission announces to deepen its examination.

June 29, 2012

Orange Deal: „Federal Competition Authority is Ignorant“

The Austrian Federal Competition Authority (BWB) has to examine the takeover of Orange by Hutchison Austria thoroughly. The patience of all parties is limited.

June 28, 2012

Austria´s Exports to Asia on the Rise

Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.

June 21, 2012

Orange Takeover to be Postponed

The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.

June 15, 2012

Slow Growth in Austrian Foreign Trade

January to March 2012: small increase in imports (2.3%) and exports (2.8%).

June 6, 2012
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