Business, finance, investment and politics in the emerging market of the Czech Republic from an Austrian, Central, Eastern European perspective
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Austria and the Czech Republic Gross-Border Relations

Austria Faces Competition in Run for Casinos Austria Stake

Austrian state holding OBIB may face competition in the race for 67 percent in listed gambling group Casinos Austria as an Austrian-Czech investor group is reportedly also eyeing the stake, the daily Presse writes.

Yesterday

Kapsch TrafficCom Advises Czech Republic with Toll System Tender

Austria’s listed toll system operator Kapsch TrafficCom is going to help the Czech Republic prepare the tender for a new system, Czech news agency CTK reports on Wednesday, citing a spokesperson of the Traffic Ministry in Prague.

April 8, 2015

Czech Republic Increases Pressure on Kapsch

Czech Finance Minister Andrej Babis panned the existing contract of the Republic with Austria’s toll system provider Kapsch TrafficCom for the operation of the truck toll system in the Czech Republic. The contract was concluded in 2006 and according to Babis it is highly unfavourable to the state.

March 23, 2015

Swarovski Crystals Raises 2014 Revenue to EUR 3.05 Billion

Crystal group Swarovski raised 2014 revenues by 1.6 percent y/y to EUR 3.05 billion (USD 3.26 billion), spokesman Markus Langes-Swarovski told the daily Tiroler Tageszeitung in an interview.

March 23, 2015

Croatian Baumax Subsidiary Files for Bankruptcy

The Croatian subsidiary of the Austrian DIY chain Baumax has filed for bankruptcy. Almost all creditors rejected the proposed plan for financial restructuring Croatian daily "Jutarnji list” reported.

March 13, 2015

Strabag Builds Two Czech Motorways for € 24 Mln

Strabag a.s., the Czech subsidiary of Austrian-based publicly listed technology group Strabag SE, has been awarded two new motorway contracts in the Czech Republic as part of a consortium with Eurovia CS. The company will build two sections of the D3 motorway (see image) linking Prague with southern Bohemia.

March 9, 2015

Czech's Tatra Trucks Renews Cooperation with India’s Beml

Tatra Trucks signed in Bangalore, India, the memorandum of understanding with Indian government-owned company BEML. Both parties have undertaken to cooperate on the supplies of spare parts and components for Tatra vehicles for India’s security forces.

March 9, 2015

ITB: Austria Wants to Attract More Asian Tourists

The surge in the number of tourists from the CEE region is no longer as big as it used to be and Russian tourists have also stayed out last year. That is why the tourism industry is looking more and more towards the Far East.

March 4, 2015

Quality of Living Rankings: Vienna Tops the List Again

Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015