Czech Rep.

Business, finance, investment and politics in the emerging market of the Czech Republic from an Austrian, Central, Eastern European perspective
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CA Immo Sells Two Hotels in Czech Republic

CA Immo's strategic withdrawal from non-core segment continues. Listed property developer CA Immobilien Anlagen AG (CA Immo) has sold two hotels in the Czech Republic, the Europort Airport Center at the Prague airport and the Diplomat Center in Pilsen.

February 24, 2015

Porr Boosts Production Output in 2014

The listed construction group Porr raised its output in 2014 by 15 percent to EUR 3.64 billion (USD 4.15 billion), according to a preliminary report. The reasons for this are: early start of the building season, as well as general focus on the highly profitable core markets (Austria, Germany, Switzerland, Poland, Czech Republic) and on international infrastructure projects the company announced.

February 18, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The FriedlNews table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015

RBI Set to Cut Costs by 20 Pct in Next 3 Years, to Stay in CEE

Listed bank RBI plans to reduce its costs by 20 percent in the next three years, RBI CEO Karl Sevalda said at a press conference on Tuesday.

February 10, 2015

RBI Downsizing: Bank Sales in Poland, Slovenia, Exit from Asia/USA

The supervisory board of listed bank Raiffeisen Bank International (RBI) approved a dramatic austerity scheme on Monday. In order to raise capital the bank is going to sell subsidiaries in Poland and Slovenia, as well as direct bank arm Zuno in Slovakia and the Czech Republic.

February 10, 2015

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015

Kapsch CarrierCom Deal in Czech Republic Blocked

The Czech competition watchdog UOHS has banned the state-owned railway operating company SZDC from concluding a contract with Kapsch CarrierCom for a railway telecom system (GSMR) worth CZK 216.6 million (EUR 7.8 million /USD 8.8 million), at least for the time being, Czech news portal reports.

January 30, 2015

Billionaire Pavol Krupa Interested in Bank Zuno

The Slovak-Czech billionaire Pavol Krupa is interested in online bank Zuno, a Raiffeisen Bank International (RBI) subsidiary currently on sale, it follows from an interview with Krupa featured by Slovak business paper "Hospodarske noviny".

January 22, 2015

Atrium Buys Shopping Centre in Prague for EUR 162 Mln

Property development company Atrium will buy for EUR 162 million (USD 188 million) a majority stake in a shopping centre in Prague.

January 22, 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