Business, finance, investment and politics in the emerging market of the Czech Republic from an Austrian, Central, Eastern European perspective
Page 1/69

Austria and the Czech Republic Gross-Border Relations

Casinos Austria: Anti-Monopoly Office to Carefully Probe Takeover by Novomatic

Listed gambling company Novomatic is still facing regulatory hurdles before it can take over a stake in partly state-run rival Casinos Austria. The anti-monopoly regulator BWB is carefully scrutinizing the prospective deal. Novomatic could also see the Czech competitor in the race for the Casinos stake sue the decision of the GM which enabled the planned takeover.

October 6, 2015

Casinos Austria - Czech Investors Disapprove of GSM Decision

Czech billionaires Jiri Smejc and Karel Komarek don’t want to accept the decision of Casinos Austria General Shareholders’ Meeting to not transfer any further Casinos shares to the Czechs, a spokesman of the Czechs said.

October 6, 2015

Casinos Austria: OBIB Blocks MTB Stake Transfer to CAME, Okays Transfer of 16.8 Pct to Novomatic

State holding ÖBIB, 33.24 percent shareholder of listed casinos operator Casinos Austria, saw its GM down-vote the transfer of the stake of MTB private foundation to CAME Holding.

October 5, 2015

Meinl Bank withdraws from Czech Republic

Meinl Bank has withdrawn from the Czech Republic after a 3-year presence in the country, the Czech free business paper E15 reports. The bank spokesman Thomas Huemer confirmed the news Meinl Bank closed its sole Czech branch as of end of September.

October 5, 2015

FDI: Overseas Companies Fund Every Fifth Job in Austria

The ties between Austrian firms and foreign countries are tightening. 10,160 companies in Austria were in the hands of foreign concerns in 2013, i.e. 41 percent. In terms of employees, foreign companies employ 48 percent of the Austrian workforce. This is due above all to the strong involvement of German firms in the retail market in Austria.

September 29, 2015

CEE in the Autumn of 2015 is the New Safe Haven

The key conclusion of UniCredit’s CEE Quarterly 4Q 2015 is that the CEE region, despite its heterogeneity, looks better positioned than most other large emerging markets to cope with potential challenges. In particular they found that market volatility spiked in 3Q15, with the uncertainty surrounding the anticipated Fed rate hike augmented by growing worries about a “hard landing” in China.

September 25, 2015

RBI Confirms the Sale of Czech Subsidiary Zuno to ABH Holdings

As one of the announced steps in the implementation of its emergency measures, Raiffeisen Bank International AG (RBI) has reached an agreement with ABH Holdings S.A., the Luxembourg-based parent company of the Alfa Banking Group, to sell its direct bank Zuno Bank AG.

September 24, 2015

VIG’s Stake in Casinos Austria Sold to Czech Firm, Pending Regulatory Nod

The Austrian antitrust authority BWB has been notified about the sale of a stake in Casinos Austria, owned by Vienna Insurance Group (VIG), to Czech billionaires Karel Komarek and Jiri Smejc, on Friday. Austrian Gaming Holding a.s. (AGH) wants to acquire 100 percent of the shares of CAME Holding GmbH, the notification indicates.

September 18, 2015

RBI Sells Subsidiary Zuno to Russian Alfa Bank for EUR 35 Million

Raiffeisen Bank International (RBI) will reportedly sell its direct banking subsidiary Zuno. Czech newspaper "Lidove Noviny" reported referring to undisclosed sources that the company taking over the bank operating in Czech Republic and Slovakia is Russian Alfa Bank of the billionaire Mikhail Fridman.

September 14, 2015

RBI Buys Citibank's Private Client Business in Czech Republic

Raiffeisenbank a.s., Czech subsidiary of RBI, will buy the private client and credit card business of Citibank in Czech Republic. The deal is supposed to be finalized in the first quarter of 2016, as soon as all necessary official approvals are obtained.

September 14, 2015