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Analysis: Hungarian Deal with Russia Gives Hungary Enough Gas for 3-5 Years

Gas that Hungary can requisition from Russia under an agreement reached recently will be enough to last 3-5 years, Minister of Foreign Affairs and Trade Peter Szijjarto said on public television.

February 27, 2015

Austria Chocolate Market Grows to EUR 176 Million

Last year Austrians ate 21.2 million kilograms of chocolate. The whole market of slab chocolate increased by 3.5 percent to EUR 176 million (USD 200 million).

February 27, 2015

Fuels Reduce Inflation to 0.6 Percent in January

The inflation rate sank again in January. After 1.0 percent in December 2014, the inflation rate reached 0.6 percent in January. This is the lowest level since October 2009 Statistik Austria announced.

February 24, 2015

Austria's Electricity Production Down 4 Pct Y/Y in 2014

Austria's electricity production fell for another year in 2014 as it declined by 4 percent on 2013 to 64.9 billion kWh, power lobby general secretary Barbara Schmidt said in a statement on Monday.

February 9, 2015

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015

Analysts Think Oil Price Will Determine Share Price Performance

Oil price, Russian crisis and central bank policy of FED and ECB will be the most important issues affecting share price developments in 2015, stock broking analysts interviewed by APA believe. The analysts recommend European securities over US American ones, stressing that emerging markets may provide a positive surprise this year. However, in H1 the performance is expected to be rather poor.

January 16, 2015

Immofinanz No Longer Certain About Dividend on Account of Rouble Crisis

Listed property developer Immofinanz, mostly active in Russia and eastern Europe, is forfeiting its plan of paying a dividend of EUR 0.15 to EUR 0.20, due to the sudden depreciation of the Russian rouble. Because of looming write-downs in Russia it is no longer certain whether the company will be able to make the profit needed to pay dividends, CEO Eduard Zehetner told the press.

December 18, 2014

Conwert Sells Property in Czech Republic and Slovakia

The listed property company conwert Immobilien Invest SE is gradually withdrawing from Eastern Europe. The whole property portfolio in Czech Republic and a part of the Slovak property portfolio will be sold. The volume of transaction will reach about EUR 48.5 million (USD 60.2 million) conwert announced on Friday. The company wants to focus on residential property in Austria and Germany.

December 12, 2014

Russian Investor Boris Mints to Launch Tender Offer for 10 Pct of CA Immo Shares

O1 Group Limited of Russian investor Boris Mints has made a voluntary partial public takeover offer of 10% of additional CA Immo shares. The offer comprises the purchase of up to 9,735,276 non-par value bearer shares of CA Immo (ISIN AT0000641352), which are admitted to the Official Market on the Vienna Stock Exchange.

November 28, 2014

OPEC Meeting in Vienna Set to be Thrilling Event

The meeting of OPEC country ministers slated for Thursday in Vienna is likely to be one of the most exciting events in years, with oil supply exceeding demand and oil prices having sunk by nearly one third since June.

November 24, 2014