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

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

Bilderberg 2015: Full List of All 133 Participants

The full list of all 133 attendees to the top secret Bilderberg Group conference 2015 has been released (see below). The Austrians participating are René Benko, Oscar Bronner, Heinz Fischer, Alfred Gusenbauer, Erich Hampel, Wolfgang Hesoun, Gerhard Roiss, Rudolf Scholten and Karl Sevelda.

June 12, 2015 · Updated: June 12, 2015; 17:45

The Bilderberg Group - Background and Criticism

The first Bilderberg conference dates back to May 1954, when it was held at the Hotel de Bilderberg in Oosterbeek, Netherlands. Partly because of its working methods to ensure strict privacy, the Bilderberg Group has been criticised for its lack of transparency and accountability.

June 11, 2015

Bilderberg 2015: The "World Government" Meets in Austria

A select group of global elite is gathering today at the Interalpen-Hotel Tyrol in Telfs-Buchen, Austria. The 63rd Bilderberg conference is a super secret annual conference where they can discuss politics, economics and foreign policy freely. A total of around 140 participants from 22 countries have confirmed their attendance at the Bilderberg conference 2015. As ever, a diverse group of political leaders and experts from industry and finance have been invited. This year the list includes nine Austrians. Key talking points on the agenda include the Ukrainian crisis, Greece, Middle East and Terrorism (see detailed list below). Security is tight - participants as well as protesters and journalists will have to deal with the Austrian anti terror squad "Cobra". After 1979 it's the second time that the conference takes place in Austria.

June 11, 2015 · Updated: June 11, 2015; 19:00

Legal Insurance Provider D.A.S. Austria Boosts Premium Income in 2014

Legal protection insurer D.A.S. Österreich raised premium income in 2014 by 18.5 percent to EUR 78.5 million, the company announced. Out of this EUR 64.5 million came from Austria, the rest came from Czech Republic and Slovakia.

June 10, 2015