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Bank Austria: Major Investment at Russian Subsidiary
UniCredit Group increases the equity base of the Russian subsidiary.
July 14, 2012
Germany Still Biggest Investor in Austria
For years, Germany leads the ranking of foreign investors in Austria. The Northern neighbour country is followed by Switzerland, Italy, the Netherlands and the U.S.
July 9, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 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
CEE Defies Turbulences in the Eurozone
GDP in CEE expected to grow 2.6 per cent in 2012 – eurozone expected to shrink by 0.3 per cent. Growth forecast for Austria’s GDP at 0.7 per cent in 2012
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
„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
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
Shopping Center Industry Sees Still Growth Potential in CESEE
In 2012, about 300 further shopping centers should be built in the CESEE region. The market still shows a great potential, experts say.
June 20, 2012
VIG to Invest in CEE Real Estate
The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.
June 20, 2012
Nabucco: EU Commission is in Doubt
The Commission of the European Union emphasizes that Nabucco is still an option. Nevertheless, there would be cheaper options.
June 18, 2012
Major Loss at VBI
The Sberbank-owned Volksbank International (VBI) recorded a net loss of € 95.5m last year.
June 15, 2012
OMV Negotiates Petrol Station Sale with Russian Zarubezhneft
The Austrian oil and gas group OMV intends to sell its petrol station network in Croatia and Bosnia. The Russian Zarubezhneft seems to be interested.
June 12, 2012
Slow Growth in Austrian Foreign Trade
January to March 2012: small increase in imports (2.3%) and exports (2.8%).
June 6, 2012
CEE Banking Sector „Performs Well“
The Austrian Raiffeisen Centrobank sees high-growth potential in the CESEE region. Loan growth is at „healthy levels“, there are „no signs of a credit crunch“.
June 6, 2012
„India and China are not the Problems“
Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.
June 5, 2012
Russians Push New Railway Line to Vienna
Russian Railways intends to establish an axis between China and Europe.
June 4, 2012
Zumtobel „Lights up“ Euro 2012
After its completed orders in Poland and in the Ukraine, Austrian lighting company expects to attain new orders in Eastern Europe.
June 1, 2012
Pecik Finds New Partner
The Austrian investor and second-largest shareholder of Telekom Austria is said to cooperate with a Russian billionaire.
June 1, 2012
Immofinanz: Takeover of Rostokino in Moscow Finalised
Following the approval by the Russian antitrust authorities, the purchase of the remaining 50% of the Golden Babylon Rostokino shopping center by Immofinanz Group was finalised on 16 May.
May 21, 2012
Austria Emphasizes Importance of Partnership with Russia
Austrian State Secretary Wolfgang Waldner meets Russian Deputy Foreign Minister Titov.
May 8, 2012
VTB Continues Growth Course
The Austrian subsidiary of the Russian VTB Bank registered a 39.8% growth in net income. Total assets grew by 43%.
May 7, 2012
ÖIAG Seeks For Partner Against Pecik
The Austrian Industrial Holding ÖIAG, which is still the largest shareholder of Telekom Austria, wants to gain a strategic investor.
May 5, 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
Strabag: Haselsteiner Underlines Importance of Russia
In 2007, the Austrian construction company announced to establish its third core market in Russia. However, Strabag is still far from that.
April 28, 2012
Small Growth in Austrian Winter Season
The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.
April 26, 2012
“Russia now among top 10 Austrian Trading Partners”
Austrian Foreign Minister Spindelegger meets with Russia’s Deputy Prime Minister Zubkov.
April 25, 2012
Leitl: Increasing Foreign Trade with Russia
The President of WKO (Austrian Chamber of Commerce) wants to raise bilateral trade volume up to € 10bn by 2015.
April 23, 2012
RHI Pursues Growth Strategy in India
The Austrian RHI AG, the world’s biggest maker of fireproofing ceramics, is pursuing a takeover in India and may start a joint venture in Russia to expand its global reach.
April 21, 2012
Roiss Claims European „Fracking“ Strategy
OMV´s CEO Gerhard Roiss calls for a common strategy to exploit shale gas. The European industrial sector should become more competitive.
April 18, 2012
Major Loan to Immofinanz by Russian Sberbank
The Austrian real estate company Immofinanz Group and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $ 715m.
April 11, 2012
Where is Austria´s Gold?
The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.
April 10, 2012
„Bank Aids Are Lost“
The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.
April 10, 2012
Meinl: Big Plans in Russia
The Austrian coffee roaster regards the CEE region as future market. Also China and Turkey are targeted. Last year, group revenues rose by 16% to € 125m.
April 5, 2012
RBI Strengthens Commitment to CEE Region
Austrian Raiffeisen Bank International underlines its function as major lender in Central and Eastern Europe. Hungary is still the most uncertain market.
April 2, 2012
Rewe Austria Shows Solid Growth
The German retail chain achieved sales of € 7.47bn in Austria last year, which is a rise of 6.26%.
March 30, 2012
Verbund Faces Competition from Russia
The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.
March 20, 2012
Pecik Aims to Become Telekom´s Biggest Shareholder
The second-largest shareholder of Telekom Austria, the investor Ronny Pecik, wants to enlarge his stake further in order to initiate a restructuring.
March 17, 2012
Japanese NTT to Enter Telekom?
Telekom Austria will get a new partner. Newest rumors say that NTT could buy Pecik´s stake. Norwegian Telenor is still interested.
March 16, 2012
Raiffeisen Energy & Environment Sells Bulgarian Assets
The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.
March 14, 2012
Canadian Valeant Buys Assets of Gerot Lannach
The Austrian drugmaker Gerot Lannach sells its acetylsalicylic acid business in Russia. The sale price amounts to $ 185m.
March 13, 2012
Ghizzoni: „Austrian Bank Tax Is Painful“
The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.
March 10, 2012
RBI Mandated Lead Arranger and Bookrunner for Moscow Airport
The loan of € 165m for the largest Russian Airport is for general corporate purposes. The international financing consortium consists of ING, Société Générale and RBI.
March 9, 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
RHI Has Growth Plans
The Austrian producer of fireproof ceramics puts effort into growth. Major investments and acquisitions are planned.
March 7, 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
VBAG´s Executive Board Asked to Resign
Parts of the Volksbanken sector, which hold stakes in VBAG, offer resistance to the management board.
March 3, 2012
Nabucco: Costs Could Grow Further
The pipeline consortium Nabucco checks whether the project becomes more expensive than expected. Costs of € 15bn are forecasted.
March 3, 2012
VBAG to be Acquired by BAWAG?
According to market rumors, the financially stricken VBAG could be taken over by the U.S. investment fund owned Bawag.
March 2, 2012
VBAG´s Rescue Endangers Austerity Targets
In 2012, savings should reach € 576m. However, only write-offs in VBAG cost € 700m. The Austrian government seeks for additional revenues.
February 29, 2012
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