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Austria and Hungary Business and Diplomatic Relations

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

Investors Grow Optimistic About Develepments in CEE

Investors' sentiment with regard to Central and Eastern Europe improved in May. Kontrollbank's business sentiment index for CEE has reached the highest level since the beginning of 2014.

June 3, 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: May 28, 2015; 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

Erste Bank Hungary Q1 Loss Narrows

Erste Bank Hungary's first-quarter net loss narrowed to EUR 16.6m from EUR 53.7m in the same period a year earlier on a big improvement in impairment, a consolidated earnings report by Erste Group published shows.

May 8, 2015