Business, finance, investment and politics in the emerging market of the Czech Republic from an Austrian, Central, Eastern European perspective
Page 1/68

Austria and the Czech Republic Gross-Border Relations

VIG - Still Profitable in Central Eastern Europe

Listed Vienna Insurance Group (VIG) made profits in all countries and in all segments in the first half of the year. More than a third (67 percent) of pretax profit came from the CEE region, VIG announced.

August 25, 2015

Brussels Oks 222 Mln Euro Programme Aimed to Boost Cooperation Along Danube

The European Commission said, that it adopted the 2014-2020 Danube Transnational Cooperation Program, worth 222 million Euro ($247 million) in total, aimed at strengthening cooperation in the Danube region. Over 202 million euro will come from the European Regional Development Fund and 19.8 million euro from the Instrument for Pre-Accession, the Commission said in a statement.

August 24, 2015

Atrium Real Estate's Profit Declines by 73 Percent in H1

Listed property group Atrium posted EUR 9.9 million net profit in H1 2015, a strong decline from EUR 36.1 million (USD 40.1 million) a year earlier, the company said in a report.

August 14, 2015

Schweighofer to Build a Giant Sawmill in the Czech Republic

Mladá Fronta Dnes reports about the interests of Austrian lumber processing company Holzindustrie Schweighofer, which wants to build a sawmill worth EUR 147.87m (CZK 4bn) in the Czech Republic.

August 13, 2015

Erste Group Sets Up JV in CEE with Global Payments

Listed bank Erste Group plans to sell 51 percent of its payments business in the Czech Republic, Romania and Slovakia to US payments services firm Global Payments for EUR 29.94 million (USD 33.2 million) and then set up a joint venture with the US partner, Erste said.

July 28, 2015

CA Immo Buys Stake in CEE Portfolio off EBRD for EUR 60 Mln

Listed real estate group CA Immo will take over the outstanding 35-percent stake in the CEE portfolio from partner EBRD for EUR 60 million (USD 66.2 million) gross, a reduction versus net asset value of the portfolio, the company said.

July 10, 2015

Czech Republic: German and Austrian Property Investors Most Active

Properties worth EUR 1.22bn have been sold in H1 in the Czech Republic. According to DTZ’s Head of Investment, Ryan Wray, German and Austrian investors are most active on the Czech market, together with US and British private equity funds.

July 7, 2015

Epic Consortium Eyes Majority in Casinos Austria and Lottery Unit

A consortium around Viennese investor Peter Goldscheider is "very interested” in the majority takeover of partly state-owned casinos operator Casinos Austria, owner of, among others, lottery firm Österreichische Lotterien (OLG), Goldscheider said without naming the value of the consortium's offer.

June 23, 2015

Baumax DIY Retailer Czech, Slovak Stores to be Sold to Obi

Troubled DIY retailer Baumax will sell its 38 Czech and Slovak stores to German competitor Obi, an insider told APA on Monday.

June 22, 2015

French Adeo Group Takes Over some Austrian BauMax Shops

The French retail group Adeo will acquire a part of the chain of Austrian bauMax shops by the middle of July "Format' magazine reported in its latest issue.

June 19, 2015