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Slovenia Hoping for Soon Recovery

Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.

7 hours ago

Austria: Preliminary Results on Hypo Group Expected Next Week

Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.

May 17, 2013

Alpine Denies Bankruptcy Rumors

The Austrian construction company is to sell its affiliates. However, the expected sale earnings are disproportionate, according to experts. Spanish parent company FCC is said of not being able to raise any further aid money.

May 17, 2013

Romania: Significant Deline in FDI

Foreign direct investments in Romania declined 41 percent due to ongoing economic difficulties in Eurozone member countries.

May 17, 2013

Hypo to Require € 1bn This Year

The ailing banking institute Hypo Group in the province of Carinthia will need € 1bn. On Friday, the managing board of Hypo Group will present a restructuring plan to the Finance Minister.

May 17, 2013

Over 2,000 Austrian Companies Now Represented in Slovakia

Lopatka: Agreement reached on Austro-Slovak Business Forum

May 16, 2013

Voestalpine Hopes for Participation in South Stream Project

CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.

May 16, 2013

Austrian Government Desperate to Sell Hypo Group

Without an agreement for a new plan and without more time for the selling of the Eastern affiliates, the crisis-struck banking institute Hypo Alpe Adria Group will not be able to make up the balances anymore, according to Austrian newspaper Presse.

May 16, 2013

Alpine: Dispute in Poland About to Escalate

A dispute about the construction of a bridge has intensified. The construction company Alpine has withdrawn from the contract for the building of a highway segment in Poland.

May 15, 2013
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