Romania

Business, finance, investment and politics in the emerging market of Romania from an Austrian, Central, Eastern European perspective
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Andritz May Have to Pay EUR 8 Million Guarantee in Romania

The listed Styrian facilities builder Andritz has been confronted in Romania with a claim for EUR 8 million (USD 9.1 million) guarantee from the insolvent power plant operator Hidroelectrica. This was reported by "WirtschaftsBlatt” on Friday.

February 27, 2015

Eder: Voestalpine Can Bear the Consequences of South Stream Fiasco

The listed steel group voestalpine doesn't have to prepare for contraction due to Russia's withdrawal from the South Stream project. "South Stream is not relevant for earnings” the head of the group Wolfgang Eder declared on Thursday.

February 26, 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

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015

Opening of Labor Market Doubles Romanians and Bulgarians in Austria

As a result of the opening of the job market as of 1 January 2014 twice as many Romanians and Bulgarian joined the Austrian labour market than before, a study of WIIW and IHS estimates.

February 3, 2015

OMV Books EUR 700 Mln Impairment in Q4 on Ofisi and Petrom Units

Listed oil and gas group OMV will book a net EUR 700 million impairment on its Q4 operating result related to Turkish unit Petrol Ofisi and Romanian energy activities of Romanian unit OMV Petrom, the company said in the quarterly report out Thursday morning.

January 29, 2015

George Soros: "A New Policy to Rescue Ukraine"

Soros is calling on members of the European Union to behave as countries indirectly at war with Russia and to provide Ukraine with $50 billion to defend itself and kick-start political reforms. Russian President Vladimir Putin's imperial ambition has unintentionally brought into being a new Ukraine that is adamantly opposed to endemic corruption and inefficient government. By offering assistance, Europe can foster an open society in Ukraine and protect itself from Russian aggression.

January 22, 2015

Vienna Congress comsult 2015: "Power of Regions"

“Power of Regions“ is the topic of the Vienna Congress com•sult 2015 which is taking place today at Vienna's House of Industry. Distinguished participants from industry, politics and the business community such as F.W. de Klerk, Mohamed El Baradei, Author Benjamin R. Barber, Václav Klaus and Iain Begg are discussing the principle of regionality and its future in Europe.

January 20, 2015

Swiss Franc Soars as Currency Ceiling Discontinued

The Swiss franc has soared against the euro after Switzerland's central bank abandoned a ceiling it put in place a few years ago. Swiss franc loans in Austria make up more than 90 percent of the 25 billion euros in foreign-currency loans. Traders were stunned as the move was completely unexpected.

January 15, 2015

EBRD Lends EUR 30 Mln Loan to Raiffeisen Leasing to support MSMEs in Romania

The European Bank for Reconstruction and Development (EBRD) is increasing the availability of financing to private businesses in Romania with a RON 132 million (€30 million equivalent) loan to the Bucharest-based Raiffeisen Leasing IFN S.A, a subsidiary of Austrian Raiffeisen Bank International AG (RBI).

January 15, 2015