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Austria and Hungary Business and Diplomatic Relations

Erste Group Hungarian Subsidiary's Sale Delayed

Listed bank Erste Group will not complete the sale of 15 percent stakes in its Hungarian unit to Hungarian state and the EBRD before autumn. The bank "is confident that an agreement will be reached in H2,” the bank's spokesman told APA.

July 20, 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

Fourteen CEE Countries Sign MoU on Integrated Gas Market

Austria and thirteen other European Union and Energy Community countries in Central Eastern Europe and South East European regions signed a memorandum of understanding in Dubrovnik on joint efforts to build up gas infrastructure links and resolve technical and regulatory issues in order to create an integrated energy market in the region.

July 10, 2015

EC Clears EUR 95 Million of Hungary-Austria Cross-Border Projects for Funding

The European Commission approved EUR 95m of cross-border projects by Hungary and Austria for EUR 78m in European Union funding. The funding will go toward joint environmental projects as well as establishing more transport links.

July 10, 2015

Hungarian State to Acquire Erste Stake in the Autumn

The Hungarian state will acquire a stake in Erste Bank Hungary in the autumn, slightly later than planned, state-secretary Gabor Orban told journalists. "We can't keep to the schedule," Mr Orban said, noting that the original deadline for acquiring the stake was June 30.

June 25, 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

Erste Group Leading Run for Citibank Hungary

According to insider sources, listed bank Erste Group is about to win the tender for the Hungarian private customer business arm of US Citibank. Erste Group had proclaimed its interest in the subsidiary some months ago. According to four people in the know about the plans the Austrian bank is on the right path to win the deal.

June 12, 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