Business, finance, investment and politics in the emerging market of Poland from an Austrian, Central, Eastern European perspective
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RBI May Face Obstacles Selling Polbank

Listed bank RBI may encounter unforeseen obstacles in the planned sale of its Polish unit Polbank, the daily Standard writes Thursday.

February 26, 2015

RBI's Withdrawal from Poland Encounters Obstacles

The complete sale of Raiffeisen Bank Polska by Raiffeisen Bank International (RBI) may be delayed until the IPO of the Polish subsidiary economic news agency Bloomberg announced on Thursday. The Polish Financial Supervision Authority (KNF) wants RBI to keep its promises made at the time when it decided to enter Poland.

February 19, 2015

Austrian Arm of Polish Shoe Retailer CCC Expanding

Listed Polish shoe retailer chain CCC continues its expansion in Austria. Its Graz-based headquarter announced the launch of six new shops in Austria, increasing the chain to 23 venues.

February 18, 2015

Porr Boosts Production Output in 2014

The listed construction group Porr raised its output in 2014 by 15 percent to EUR 3.64 billion (USD 4.15 billion), according to a preliminary report. The reasons for this are: early start of the building season, as well as general focus on the highly profitable core markets (Austria, Germany, Switzerland, Poland, Czech Republic) and on international infrastructure projects the company announced.

February 18, 2015

Polish Bank Pekao Said to be Interested in RBI's Polbank

Listed bank RBI saw bank Pekao, a Polish unit of Italy's UniCredit, express interest in the purchase of RBI's Polish unit Raiffeisen Polbank.

February 12, 2015

Sevelda: Eighth Position in Poland is Insufficient

Raiffeisen Bank International (RBI) has confirmed the plan to withdraw from Poland, saying it will cooperate closely with the Polish Financial Supervision Authority (KNF) in this area. RBI CEO Karl Sevelda says that among the reasons for the decision were limited revenue synergies with the rest of the RBI group.

February 12, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The FriedlNews table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015

KfW and Polish state development bank BGK conclude EUR 100 million global loan agreement to support Polish SME sector

KfW has concluded a global loan agreement in the amount of EUR 100 million with the State Development Bank of Poland - Bank Gospodarstwa Krajowego (BGK). The loan has a term of approximately 10 years. The funds will be used to finance long-term investment loans for small and medium-sized enterprises (SME) in Poland. As one of the most important suppliers for investment in capital goods, the German economy also stands to benefit indirectly from an improved investment climate in Poland.

February 11, 2015

RBI Downsizing: Bank Sales in Poland, Slovenia, Exit from Asia/USA

The supervisory board of listed bank Raiffeisen Bank International (RBI) approved a dramatic austerity scheme on Monday. In order to raise capital the bank is going to sell subsidiaries in Poland and Slovenia, as well as direct bank arm Zuno in Slovakia and the Czech Republic.

February 10, 2015

Polish Plast-Box Boosts Exports to Austria

PlastBox, producer of plastics, is raising sales to the Austrian market. In 2014 the Słupsk-based producer delivered almost 3 million plastic containers to Austria, which means 31 pct growth, compared to last year. At the same time the value of exports to Austria increased by 26 pct.

February 6, 2015