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

Russia's Alfa Bank Eyes RBI Bank's Czech/Slovak Unit Zuno

Russia's Alfa Bank is reportedly interested in listed bank RBI's direct banking loss-making unit operating in the Czech Republic and Slovakia, Zuno Bank,the Czech daily Lidove noviny reported in its online edition.

May 19, 2015

Chain Maker Pewag will Build Plants in Czech Republic Worth EUR 30 Million

Prague daily Hospodářské Noviny reports about the expansion of the production of Austrian chain maker Pewag, which will invest EUR 29.24m (CZK 800m) into new plants in Vamberk and Chrudim. The investment should create roughly 200 jobs.

May 19, 2015

Analysis: The Eurovision Song Contest 2015 in Vienna

The Eurovision Song Contest 2015 has been the 60th edition of the annual Eurovision Song Contest musical event. The contest took place in Vienna and followed Conchita Wurst's victory in the 2014 edition with her song "Rise Like a Phoenix". The song "Heroes" by Måns Zelmerlöw took the winning spot in the 60th Eurovision Song Contest in Vienna with 365 points. The 2016 Eurovision Song Contest will therefore be held in Sweden.

May 16, 2015 · Updated: Yesterday; 08:00

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

VIG Re Increased Premium Income to EUR 431 Million

VIG Re, reinsurance company of Vienna Insurance Group (VIG) with headquarters in Prague increased its premium income in 2014, compared to 2013 by 4.7 percent to EUR 431 million. Pretax profit increased from EUR 18.4 million (USD 20 million) to EUR 19.9 million the company announced on Monday.

April 27, 2015

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.

April 20, 2015

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