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Flow-Through Capital Despite Sanctions: Russian Investments in Austria Continue to Flow
While international tensions and the war in Ukraine, which has been going on for more than two years, are putting a heavy strain on relations between Russia and the West, Austria remains a remarkably robust magnet for Russian investment. Contrary to expectations that the extensive international sanctions against Russia would curb capital flows, the latest data from the Austrian Ministry of Economic Affairs' investment control report shows a different reality: Russian investments in Austria rose by 14% to EUR 25.5 billion in the first half of 2022.
April 22, 2024
Dr. Erhard Busek Deceased: Austria Loses Staunch European and Great Expert on Eastern Europe
The former chairman of the Austrian People's Party (ÖVP) and Eastern Europe expert Eduard Busek has died at the age of 80. He left his mark on Austrian politics and was considered a great advocate of a common Europe.
March 14, 2022
How Gazprom Helps the Kremlin to Manipulate Austria
The Russian government uses the majority state-owned energy corporation Gazprom to exploit Europe's dependency on Russian natural gas, and Austria is no exception. Read how the Kremlin uses Gazprom to influence Austria.
March 8, 2022
Putin's People in Austria and Beyond
Following Putin's invasion of eastern Ukraine with the aim of regaining former Soviet territory, two former European prime ministers from Italy and Finland have already resigned from the supervisory boards of two Russian companies. However, some Austrian and German politicians see no reason to resign their mandates. In the following some explanations why.
February 25, 2022 · Updated: February 25, 2022; 11:23
Russian Trade Representation in Austria Celebrated 100th Anniversary
The Russian Trade Mission in Austria celebrated its 100th anniversary on December 7, 2021. On this day, exactly 100 years ago, the agreement between Russia and Austria was signed, after which the Trade Representation of Soviet Russia in Austria was established.
December 8, 2021 · Updated: December 8, 2021; 18:20
Wolfgang Schüssel Joins the Lukoil Supervisory Board - Who are His Colleagues?
As a press release of Lukoil revealed, the former Austrian Chancellor Dr. Wolfgang Schüssel takes over one of 12 supervisory board positions in the second largest Russian company PJSC Lukoil Oil Company as Independent Director. Who are his 11 supervisory board colleagues?
March 13, 2019
What is Lukoil and What Does It Do in Austria?
Lukoil Oil Company is the second largest Russian oil multinational with a turnover of USD 102 billion, of which approximately USD 250 million comes from Austria. Lukoil has been represented in Austria since 1995 and currently operates from Vienna four subsidiaries with activities in 40 countries.
March 13, 2019
FDI in Austria up by EUR 25 Million
In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.
July 11, 2014
Major Order from Russia for C.A.T. oil
The Lower-Austrian provider of oil and gas field services received new orders worth € 70m in Russia. The order book volume grew to € 239m.
August 19, 2011
C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.
July 5, 2010
C.A.T. Oil AG further improves profitability and earnings under abnormally harsh weather conditions
C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, today has published its results for the first quarter 2010.
May 31, 2010
C.A.T. Oil AG - dividend announcement
The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.
May 18, 2010
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