Sponsored Content
Energy Industry
Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
Serbia: Moderate Economic Growth in 2013
According to the release of the Serbian Statistical Office, GDP is estimated to have grown 2.4% in 2013.
January 2, 2014
Czech Republic: New Government Confirmed
Seven weeks after the national elections, the Czech Social Democrats (CSSD) have agreed to form a coalition with ANO and the Christian Democrats (KDU-CSL).
December 11, 2013
Ten Capital Market Themes for 2014 by Raiffeisenbank
Leading indicators show a recovery of global growth.
December 11, 2013
Austria: Federation of Trade Unions Warns of Privatizations
The Austrian Federation of Trade Unions warns the Austrian state not to push through with further privatizations.
December 11, 2013
Construction Industry Remains Weak Point of Slovenian Industrial Sector
Slovenia´s industrial sector records a decline in employment and investments. Despite the economic downward trend, the energy sector achieves growing turnover figures.
November 16, 2013
Controversy Over Special Taxes in Romania
The Romanian government plans to impose new taxes in 2014. Foreign investors may leave the country.
November 12, 2013
Analysis - Vienna Stock Exchange on a “Sustainable Upward Trend”
After five downhill years, the Vienna Stock Exchange is finally seeing something like a silver lining.
October 30, 2013 · Updated: November 5, 2013; 18:00
WEF: Russian Economy Needs Change in Domestic Institutional Environment
The Russian Federation is poised for transformation.
November 1, 2013
Dispute about Gas between Russian and Ukraine about to Escalate
According to Russian energy giant Gazprom, Ukraine has not yet paid deliveries of natural gas in the amount of around € 639m.
October 29, 2013
OMV: Weakest Refining Margin Since 2009
Compared to the same period in 2012, the whole production of Austrian oil company OMV has decreased in the third quarter as well as compared to the previous quarter.
October 18, 2013
Austria: Voestalpine Expects Same Results as 2012
CEO Wolfgang Eder expects the same level in profits as last year.
October 17, 2013
Bulgaria Supports Trans Adriatic Pipeline
During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).
October 16, 2013
Ukrainian Gas Pipeline Key Issue for EU Commission
A gas pipeline plan in the Ukraine is among the EU Commission’s key infrastructure projects.
October 16, 2013
Solution to Croatian/Hungarian Mol Issue Expected Soon
The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.
October 15, 2013
EU Commission Favors New Nabucco Project
After OMV’s pipeline project Nabucco failed, the EU Commission takes into consideration a stripped-down version along the Danube.
October 14, 2013
Croatia: Hypo Group Losing Last Industrial Participation
Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.
October 14, 2013
Serbia’s Participation in South Stream Not at Risk
According to Petar Skundic, Serbian energy advisor to the Prime Minister, the gas pipeline project is not imperiled by the government’s austerity measures.
October 14, 2013
Romania Keeps Majority Stake in Romgaz
Romania´s government will privatize 15% of the country´s biggest natural gas producer. The opening of the economy to foreign investors bears potential dangers.
October 12, 2013
Trade in Austria Has Increased Since Opening of CESEE Market
Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.
October 10, 2013
Gazprom May Face Proceedings by Austrian OMV
OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.
October 9, 2013
Hungary and Croatia to Solve MOL/INA Issue
Both Hungarian Minister of Foreign Affairs Janos Martonyi and his Croatian counterpart Vesna Pusic intend to solve the issue between Hungarian MOL and Croatian INA.
October 9, 2013
Poland Hopes for Cheap Gas by Gazprom
The Polish government is hoping to be able to bargain prices with Russian energy giant Gazprom, Polish Minister for Economy Janusz Piechocinski announced today.
October 8, 2013
Romania: Bucharest Stock Exchange to Be Enlarged?
Ludwik Sobolewski, new CEO of Romania’s Bucharest Stock Exchange (BSE), is toying with the idea of enlarging the institution and making it a competition to Budapest, Vienna and Prague withing two years only.
October 7, 2013
Hungary Rejects Extradiction of Head of Mol
A Hungarian court rejected the extradiction of Zsolt Hernadi, who is alleged of having bribed former Croatian Prime Minister Ivo Sanander.
October 7, 2013
Hungarian MOL May Withdraw from Croatia
The Hungarian government considers selling MOL´s Croatian peer INA.
October 4, 2013
EU Commission to Lead Cartel Proceedings Against Gazprom
The Russian energy giant Gazprom might face penalties of up to € 11bn.
October 3, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
Eurozone: Inflation Drops to 1.1 Percent
According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.
September 30, 2013
Rosneft Wants to Take over Majority of TNK-BP
The World’s biggest oil company Rosneft intends taking over British-Russian joint venture TNK-BP at the beginning of next year.
September 30, 2013
Croatia: Major Reforms Required for Economic Upturn
Croatia continues to suffer from recession - its economy has not grown since 2008, contracting in 2012 by 2% and in 2013 by 1%.
September 26, 2013
Poland Leads Ranking of Top Enterprises in CEE
Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.
September 24, 2013
Poland: Warsaw Stock Exchange to Introduce WIG30
The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
September 23, 2013
Further Nationalizations in Hungary?
In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.
September 23, 2013
Keuschnigg: Losses of Hypo Compensated by Privatizations
Christian Keuschnigg, head of the IHS (Austrian Institute for Higher Studies) suggests to privatize OMV, Post and Telekom Austria to pay for Hypo Group.
September 20, 2013
Wifo: Economy Remains Competitive Despite High Wages
Head of Wifo (Austrian Institute for Economic Research), Karl Aiginger, calls for a change of views in economic policy as competitiveness is more than just low costs.
September 18, 2013
Gazprom to Team Up With Macedonia
Russian energy giant Gazprom is interested in cooperating with FYR Macedonia.
September 17, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
Serbia Welcomes Russian FDI
Serbian Prime Minister announced that his country was interested in Russian investments.
September 13, 2013
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: Strong Industrial Production at Start of Q3
Turkey saw a strong industrial production at the start of the third quarter, according to official data, which gives hope for an improved economic growth as the country is facing more and more economic difficulties.
September 10, 2013
TAP: Surveys with Contractors to Begin
Trans Adriatic Pipeline has authorized its contractors to start surveys.
September 9, 2013
Romania: Industrial Sales Increased 4.7 Percent in 2013
Romania’s industrial sales increased 4.7 percent in the first seven months.
September 9, 2013
OMV: Oil Discovery in Northern Europe
Austrian Energy Enterprise OMV has discovered significant amounts of oil in the Barents Sea. Around 200m to 500m barrel are estimated to be exploitable.
September 6, 2013
Serbia: UK Enterprises Likely to Invest in Serbia
70 British companies are interested in investing in Serbia's economy.
September 6, 2013
Eurozone: Slight Increase of Industrial Production
Cyprus and Croatia record the largest decrease in industrial production among EU member states.
September 3, 2013
OMV to Take Over Offshore Block in Madagascar
OMV acquires interest in offshore Madagascar block
September 2, 2013
Romania: Planning on Energy Sufficiency by 2018/19
Gas pipeline between Romania and Moldova is set to become operational this year.
August 30, 2013
Romania Claims Compensations for Nabucco
Romania claims EU compensation for abandoned Nabucco project.
August 29, 2013
Fast News Search
