Sponsored
Page 12/13

Czech Republic

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

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

CEE Investments Recommended

According to Erste Group, equities to become more attractive in 2012 compared to 2011. Turkey is seen as highly interesting investment location.

January 4, 2012

Uniqa´s Czech Subsidiary Beats Market Growth

The Czech subsidiary of the Austrian insurance group achieved an 11% premium income growth, which is significantly beyond the market growth (1.8%).

January 3, 2012

RZB Issued Participation Capital

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

December 30, 2011

Emco With Growth Plans

The new owner of the former A-Tec subsidiary, now can begin to realize its expansion plans.

December 27, 2011

Record-Breaking Start of Tourism Winter Season

Austria’s tourism industry registered 3.98 million overnights in November. Arrivals rose by 3.5%.

December 23, 2011

Bank Austria Reviews Strategy for CEE

In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.

December 17, 2011

Gebrüder Weiss Builds New Branch in Czech Republic

In Jeneč, near Prague, the Austrian logistics supplier builds a new terminal with an office complex and cross-docking facilities. Investments amount to € 15m.

December 17, 2011

Austrian Foreign Trade Deficit on the Rise

From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.

December 7, 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

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

Raiffeisen Cuts Staff in Czech Republic

The Austrian banks local unit has reacted to increasing costs and the poor economic outlook.

November 9, 2011

PKN Orlen Interested in OMV´s Petrol Stations

The Austrian oil corporation OMV downsizes its operations in the Czech Republic. 220 Petrol stations are for sale.

October 31, 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

Austria Ranked 32nd in the “Doing Business 2012” Ranking

Doing Business 2012: Doing Business in a More Transparent World assesses regulations affecting domestic firms in 183 economies.

October 20, 2011

Austria - Regional Leader in E-Mobility

Roland Berger Strategy Consultants released a new study on e-mobility in Central and Eastern Europe. The study presents a comprehensive assessment of e mobility maturity in eight countries and identifies best practices.

October 20, 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

Austria with the Best Situation on the Real Estate Market in the Region

Austria, the Czech Republic and Poland are the three countries from Central Europe, where the condition of the property market according to the banks’ opinion is the best – states the KPMG’s research - CEE Property Lending Barometer 2011.

October 19, 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

Austrian-Czech Technology Cooperation Opportunities

The Embassy of the Czech Republic in Vienna, in cooperation with the Lower Austria Chamber of Commerce hosts on 18 October 2011 a technology seminar.

October 17, 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

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

Personnel Changes in the Managing Board of Czech VIG Subsidiary

The Austrian Vienna Insurance Group reshuffles the board of the Czech Kooperativa.

October 5, 2011

Kovats Blames Creditors and Penta

Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan

October 4, 2011

Czech RWE-Subsidiary Plans Pipeline Through Austria

The operators of a gas pipeline “5GL” in the Czech Republic, Austria, Bavaria and Slovenia are considering to build a new pipeline connecting the Souther Czech Republic with Italy and Slovenia.

October 4, 2011

OMV: Withdrawal from Czech Republic Possible

The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.

October 3, 2011

Dispute Over A-Tec´s Liquidation

After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.

October 3, 2011

Czech Railways Orders 16 Railjets from Vienna

Major Order for Siemens Austria from the Czech National Railways Ceske Drahy: the railway group exercises an option, which was reserved for the Austrian Federal Railways originally.

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

Atrium Completes the € 191m Acquisition of Palac Flora in Prague

The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.

September 27, 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

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

Green Light for Strabag’s Cooperation with Lafarge

The Austrian construction company has wrapped up the acquisition of a 30% stake in the joint venture with the French building material supplier.

August 5, 2011

Erste Group Planning New Branch Concept for Czech Republic

The Austrian bank’s Czech subsidiary is working on a modern concept which will be targeted at new customer groups.

August 3, 2011

Kapsch CarrierCom Wins Order in Czech Republic

The Austrian technology company was chosen as general contractor for the GSM-R technology in the Czech Republic. The order value is € 20m.

August 3, 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

Austrian FDI Recovered Slightly in 2009

The value of Austrian investments abroad grew by 6% in 2009 and amounted to € 113bn. Companies still felt the impact of the crisis on their profits.

July 26, 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

Erste Group Manages Bond Issue of Czech Railways

The order book grew in only one hour to € 400m from 60 institutional investors. Approximately 75% have been subscribed by investors from Germany, the Czech Republic and Austria.

June 21, 2011

Bilfinger Berger to Acquire Subsidiary of AE&E

The Czech subsidiary of the insolvent plant manufacturer will become part of the German construction group Bilfinger Berger.

June 20, 2011

Trade with the Czech Republic Is Booming

Austrian companies increased their exports to the country by 32% in the first quarter of the year. In 2010, Austria was the biggest foreign investor.

June 9, 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

Alpine Lands Pipeline Project in Czech Republic

The Austrian construction company is going to build 105.8 km of a new gas pipeline. The contract value is € 76.7m.

May 26, 2011

CA Immo Sold Two Shopping Centers in the Czech Republic

The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.

May 24, 2011

Declining Sales at UBM

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

May 13, 2011

Expansion Plans at Erste Group and Raiffeisen

RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.

May 13, 2011

VIG Re: Significant Improvements in Results

The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.

May 3, 2011
Fast News Search