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Ukraine
Karin Kneissl at the Foreign Affairs Council - Khashoggi, Libya, Venezuela and the Eastern Partnership
Foreign Minister Karin Kneissl met with Federica Mogherini and the other EU Foreign Ministers at the Foreign Affairs Council in Luxembourg to discuss the situation in Libya, migration issues, the EU's Eastern Partnership, and the case of the missing Washington Post columnist Jamal Khashoggi.
October 16, 2018
Danube Region Business Forum - Infrastructure and Its Implications on Business in CEE and SEE
The Danube Region is one of the traditionally important markets for Central European regions and companies. However, the infrastructure of this region does not yet meet the requirements of the economy. The 8th Danube Region Business Forum will take place on 9 October 2018 at the Austrian Federal Economic Chamber in Vienna. The aim of the forum is to ensure that the infrastructural quality and cooperations in the region meet the requirements of the economy.
October 3, 2018
Chancellor Kurz Visits President Putin: "The situation in Syria is dramatic"
Austrian Chancellor Sebastian Kurz traveled to Moscow to meet Vladimir Putin. The focus of the trip was a working meeting with the Russian President, with whom Kurz discussed, among other things, the bilateral relations of both countries, the relationship between Russia and the EU, the Ukraine conflict and the current situation in Syria.
February 28, 2018
ANDRITZ HYDRO to modernize Dnipro 1 hydropower station, Ukraine
ANDRITZ HYDRO, part of international technology Group ANDRITZ, was awarded a contract by state-owned utility Ukrhydroenergo for modernization of the Dnipro 1 hydropower station on the Dnieper River, Ukraine. The project is part of a rehabilitation program financed by the European Bank of Reconstruction and Development (EBRD).
March 24, 2017
Austria Takes Over OSCE Chairmanship: "Need for Decisive Action!"
In his first address to the OSCE Permanent Council as incoming OSCE Chairperson-in-Office, Austria’s Minister of Foreign Affairs Sebastian Kurz said that the fight against radicalization will be the main priority of Austria’s 2017 OSCE chairmanship. In first address to OSCE Permanent Council, incoming Chairperson-in-Office Austria’s Foreign Minister Kurz, stresses
July 14, 2016
Symposium in Vienna: "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit"
The upcoming summit of the North Atlantic Treaty Organization (NATO) in Warsaw from 8th to 9th July 2016 sees the organization facing numerous challenges. The withdrawal of combat troops from Afghanistan and rising tensions in the European area – from the conflict in Ukraine to the migration crisis, effected the question of the role of NATO’s Partnership for Peace under the new circumstances. A conference in Vienna with the working title "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit" intends to discuss these and other pertinent issues.
June 16, 2016
Ban Ki-moon's Visit to Vienna to Highlights Austria's Seat of a Total of 37 International Organisations
In the context of his visit to Vienna UN Secretary-General Ban Ki-Moon met Foreign Minister Sebastian Kurz for a working discussion at the Foreign Ministry. Talks focused on the challenges Austria and Europe are currently facing, especially in connection with the refugee crisis and the fight against radicalization and terrorism. A further topic addressed was the important role played by Austria as the seat and headquarters of a total of 37 international organisations.
April 29, 2016
Ukraine’s Kharkiv Tractor Plant announces changes in shareholding structure
Siegfried Wolf, a renowned Austrian investor, a shareholder and a member of the boards of directors of the international most succsessful automotive and construction companies, a former head of Magna International Inc., announces changes in a shareholding structure of Ukrainianbased Kharkiv Tractor Plant (XTZ).
April 27, 2016
State Visits from Azerbaijan and Turkmenistan in Context of Austria's OSCE Chairmanship in 2017
Michael Linhart met Deputy Prime Minister and Foreign Minister of Turkmenistan Rashid Meredov and Deputy Foreign Minister of Azerbaijan Araz Azimov in Vienna. “Azerbaijan and Turkmenistan are important partners for Austria in the context of its OSCE Chairmanship in 2017”
February 12, 2016
Activ Solar Files for Reorganisation in Austria, Debts Reach EUR 500 Million
Vienna-based Activ Solar GmbH announced that it is bankrupt and that it has filed for reorganization in Austria due to its investment exposure in Ukraine. The company has amassed debts to the tune of EUR 500 million.
February 10, 2016
Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna
The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.
January 20, 2016
EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval
The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.
November 25, 2015
Euromoney Names UniCredit-Bank Best Bank in CEE
Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.
July 14, 2015
Mostboeck: "ATX Valuations Remain Attractive - Catch-Up Potential until Year-End"
The majority of companies in the ATX had to report significant earnings revisions in 2014. In addition, geopolitical risks in the context of the Russia/Ukraine conflict exerted a negative effect. “The significantly improved environment and the digestion of last year's one-off effects are creating notable catch-up potential for the ATX”, notes Fritz Mostböck, Head of Group Research at Erste Group.
June 23, 2015
Ambassador Martin Sajdik Becomes New OSCE Special Representative in Ukraine
The OSCE Chairperson-in-Office and Serbia’s Foreign Minister Ivica Dačić today appointed Ambassador Martin Sajdik (Austria) as his new Special Representative in Ukraine and in the Trilateral Contact Group. He follows Ambassador Heidi Tagliavini (Switzerland) who, having fulfilled this assignment for one year, expressed her wish to step down.
June 23, 2015
EBRD Sees Mixed Outlook for CESEE Countries in 2015-16
The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.
May 14, 2015
OSCE Troika Urges Advancement in Political Process Aimed at Solving Crisis in Ukraine
Foreign Ministers Dačić, Steinmeier and Burkhalter called for the immediate establishment of Working Groups as provided for in the February 12 Package of Measures for the implementation of the Minsk agreements and proposed by Special Representative Ambassador Heidi Tagliavini and the Trilateral Contact Group.
April 28, 2015
OSCE Special Monitoring Mission to Ukraine Deputy Chief Monitor Alexander Hug to Visit Vienna
The Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine, Alexander Hug, will visit Vienna, Austria, on 5-6 March.
March 5, 2015
OSCE Chief Observer at the Russian Checkpoints to Visit Headquarter in Vienna
Paul Picard, Chief OSCE Observer at the Russian Checkpoints Gukovo and Donetsk will address the OSCE Permanent Council. He will report on the situation including movements across the Russian-Ukrainian border at the Russian checkpoints at Gukovo and Donetsk.
February 25, 2015
George Soros: "A New Policy to Rescue Ukraine"
Soros is calling on members of the European Union to behave as countries indirectly at war with Russia and to provide Ukraine with $50 billion to defend itself and kick-start political reforms. Russian President Vladimir Putin's imperial ambition has unintentionally brought into being a new Ukraine that is adamantly opposed to endemic corruption and inefficient government. By offering assistance, Europe can foster an open society in Ukraine and protect itself from Russian aggression.
January 22, 2015
Serbian Foreign Minister Dačić to Visit Vienna
The new OSCE Chairperson-in-Office, Serbian Foreign Minister Dačić will visit Vienna on Thursday. He will outline the Serbian Chairmanship’s priorities to the OSCE Permanent Council*.
January 13, 2015
OSCE Special Monitoring Mission to Ukraine Starts the Use of Austrian Drones
The OSCE (Organisation for Security and Cooperation in Europe) Special Monitoring Mission to Ukraine (SMM) today completed the maiden flight of its unarmed/unmanned aerial vehicles (UAVs) before members of the media near Mariupol in eastern Ukraine. The OSCE will use unmanned and unarmed drones for the monitoring of the border between Ukraine and Russia.
October 23, 2014
Business Indicator: Dip in Economic Activity Towards End of Year, but Hope Remains for 2015
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Bank's analysts believe that in light of the increasing uncertainty in recent months, the moderate recovery achieved by the European and therefore the Austrian economy too this year is taking a breather. The Russia/Ukraine crisis and the tensions in the Middle East have blighted sentiment in the Austrian economy at the start of autumn on a broad scale.
October 17, 2014
Business Indicator: Growing Geopolitical Uncertainty Levels the Economic Outlook Down
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The analysts of Bank Austria believe, that after a weak first six months, the economic recovery continues to find it difficult to get out of the starting blocks. The growing uncertainty fuelled by the Russia-Ukraine crisis was reflected in another decline for Bank Austria’s Business Indicator in August. The indicator has been trending downwards slightly for half a year, and now sits at its lowest point since last summer of just 0.2 points.
September 18, 2014
Mid Europa Partners' New Fund to Invest EUR 800 Mln in CEE
Mid Europa Partners, the British private equity firm focused on buyouts in Central & Eastern Europe, announced the final closing of Mid Europa Fund IV at €800 million, complemented by an additional pre-allocated co-investment program of €650 million. Fund IV represents the largest dedicated fund to the CEE Region raised in the last 5 years.
September 5, 2014
Canada's Foreign Affairs Minister John Baird Visits Austria and The Balkans
Canada's Foreign Affairs Minister John Baird today announced that he will visit Croatia, Serbia and Albania. The visit to the Balkans comes after Baird spoke about Ukraine and other global security issues at a high-level forum in Salzburg, organized by the International Peace Institute and the Salzburg Global Seminar.
August 27, 2014
Russia Orders Agricultural Import Bans in Sanction Retaliation
Vladimir Putin signed a decree limiting or banning imports of agricultural products from countries which have imposed sanctions on Russia, the Kremlin's press service announced. It is estimated that following CEE/SEE countries will be hit by the retaliatory sanctions: Romania, Serbia, Hungary, Poland, Slovakia, Czech Republic, Slovenia, Bulgaria, Ukraine, Brussels, Croatia, Estonia, Latvia and Lithuania.
August 6, 2014
Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City
The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).
July 25, 2014
CEE-Initiative: Strengthening Investment Fund Business in Central- and Eastern Europe (CEE)
The Hungarian association BAMOSZ and the Austrian association VÖIG initiated a closer collaboration and tighter co-operation between fund associations in CEE, the so-called „CEE Initiative“. The member associations of the „CEE Initiative“ are (in alphabetical order): Austria, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Poland, Romania, Slovakia, Slovenia and Ukraine.
June 16, 2014
Austria: Western Balkans Representatives are Meeting in Vienna
The Western Balkans Conference and the Central European Initiative (CEI) Ministerial Meeting are currently discussing questions regarding the EU enlargement, the role of the EU as a peace project and the economic situation in the Western Balkans.
June 3, 2014
BSH Vienna is Partially Taken Over by German BSH Group
With the goal of strengthening its international market presence, the TROX Group acquired parts of BSH Group.
May 31, 2014
Yakunin: Broad-Gauge System from Vladivostock to Vienna to Be Established
Vladimir Yakunin, head of the Russian Railways (RZD), wants to stick to his strategic plans and establish an uninterrupted rail link between Vienna and Vladivostock.
May 24, 2014
Sevelda: “Russia Still Crucial Market”
In the light of the close ties with regard to economic and energy relations with Russia Karl Sevelda, CEO of Raiffeisen Bank International (RBI) warns about the tightening of penalties against Russia.
May 23, 2014
“Romania Can Never Become the China of Europe”
Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.
May 15, 2014
German Retailer Metro Faces Massive Losses in CEE
Sales in CEE declined 14.8 percent last year for German retail and wholesale enterprise Metro Group.
May 9, 2014
MOL: Oil Supply to Hungary not Endangered
According to Hungarian oil and gas enterprise MOL, the supply to Hungary is not endangered by the delivery stop of Russian oild products passing through Ukraine.
May 9, 2014
Sanction Imposed on Expobank
Russian-Latvian Expobank was added to the Canada’s black list.
May 9, 2014
EU Council Trying to Find a Way Out of Ukraine Crisis
Ahead of the European Council, which is currently taking place in Vienna under the Austrian presidency, Foreign Minister Sebastian Kurz declared not to expect a solution for the conflict in Ukraine.
May 6, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Polish Banking Sector: “Too Early for Recovery”
The Polish banking sector has to be patient for economic recovery to show on their results.
April 29, 2014
Russia: Austrian Banks Demonstrate Serenity
Austrian banks try to take the downgrade of Russian sovereign bonds with composure. According to spokespersons, the downgrade has no danger potential.
April 26, 2014
RBI Gets Rid of Public Shareholder
After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.
April 25, 2014
Raiffeisen Bank International AG - SWOT Analysis & Company Report May 2014
This new report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains an overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
April 25, 2014
„Brussels Must Reconsider Enlargement Policy“
Austrian Minister of Foreign Affairs Sebastian Kurz criticized the EU´s approach towards Ukraine. However, the EU has to develop further.
April 25, 2014
Poland Fears War in Ukraine
According to Poland´s Prime Minister Donald Tusk, Poland should prepare for the worst case in Ukraine.
April 25, 2014
Business in Ukraine Becomes More Riskful
Insurance companies warn export companies that wanting to arrange for insurance of defaults in payment obligations or political unrest right now is coming too late.
April 22, 2014
Poland: Economic Upswing Endangered by Conflict in Ukraine
In general, Poland´s economic growth accelerates. However, the recent developments in Poland´s neighbor country are a substantial risk factor.
April 18, 2014
Republic of Austria Liable for Domestic Banks in Ukraine and Russia
The Austrian Clearing Bank (OeKB) has assumed liabilities in the amount of € 4.0n in Russia and Ukraine. Besides the political risks, banks operating in Russia have to fear economic risks too.
April 17, 2014
Bank Austria Ends Business on Crimea
One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.
April 16, 2014
RBI Terminates Business on Crimea
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.
April 15, 2014
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