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Austria and Romania Business and Diplomatic Relations

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

OMV Working on New Nabucco?

According to an article featured by Presse daily on Friday, indicators show that oil group OMV is currently toiling at a ‘new Nabucco’ project. Instead of gas from the Caspian Sea the pipeline in question would transport Russian gas via Turkey.

June 12, 2015

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

Bank Austria to Raise its Stake in UniCredit Tiriac Bank to 95.6 Percent

Bank Austria will raise its stake in the Romanian UniCredit Tiriac Bank from 50.6 percent to 95.6 percent. It will do this by acquiring the stake of 45 percent now held by Tiriac Holding - the bank announced.

June 5, 2015

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

Erste Group Said to Plan Sale EUR 2 Nln NPLs in Romania

Listed bank Erste Group is reportedly planning to sell some EUR 2 billion (USD 2.2 billion) worth of NPLs in Romania, insiders told Reuters news agency of Erste's Romanian unit BCR.

June 1, 2015

Strabag Builder Wins EUR 70 Mln Consortial Deal in Romania

Listed construction group Strabag won a EUR 70 million (USD 78.3 million) consortial contract in Romania for building a 10km section of the A3 motorway between Ungheni and Ogra, the company said.

May 20, 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