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Austria and Russia Business and Diplomatic Relations

BWT Permitted to Acquire Russian Filter Producer Mettem

The Russian antitrust authority FAS has approved the takeover of a majority stake in Russian filter producer Mettem Technologies by the Austrian water treatment specialist BWT. This was reported by the economic newspaper "Wedomosti”.

July 24, 2015

IAEA's Position and Road-Map Regarding Iran's Nuclear Program

The International Atomic Energy Agency (IAEA) and the Islamic Republic of Iran (Iran) agree, in continuation of their cooperation under the Framework for Cooperation, to accelerate and strengthen their cooperation and dialogue aimed at the resolution, by the end of 2015, of all past and present outstanding issues that have not already been resolved by the IAEA and Iran.

July 14, 2015

Iran Nuclear Deal: Historic Agreement in Vienna

The so-called P5+1 - the US, UK, France, China and Russia plus Germany and the EU have reached a "historic" deal with Iran on limiting Iranian nuclear activity in return for the lifting of international economic sanctions. The deal, known as the "Comprehensive Joint Plan of Action", was signed today in Vienna.

July 14, 2015

Historic Iran Nuclear Deal Likely to be Announced Early Tuesday

Officials negotiating in Vienna's Palais Coburg say nothing is confirmed, but a deal will possibly come in the early hours of the morning. Iran’s Foreign Minister Mohammad Javad Zarif said an Iran nuclear deal would not be ready to be announced July 13, as China’s Foreign Minister urged the P5+1 and Iran to finalize the accord.

July 13, 2015

OMV Wants to Participate in Gazprom's Pipeline Project "North Stream”

OMV wants to participate in the construction of two further branches of Baltic Sea pipeline "North Stream”, which transports Russian natural gas to Germany. Member of the executive board of OMV, Manfred Leitner signed a Memorandum of Understanding with the head of Gazprom, Alexej Miller in St.Petersburg.

June 18, 2015

RBI Eyes Profit in Russia in 2015, May Suffer Loss on Group Level

Listed bank RBI expects its Russian unit to close in the black this year, despite the crisis in the country, but a loss on the group level cannot be ruled out, CEO Karl Sevalda told a GM on Wednesday.

June 17, 2015

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

RIH's Slovenian Subsidiary Helios Restructured

The Ring International Holding AG (RIH) believes that its Slovenian subsidiary Helios Domžale, a paint and varnish maker acquired in 2014, is now fully restructured. EBIT margins are on a top European level, RIH manager Hubert Culik told APA after a press conference.

June 10, 2015

RBI Expects 2015 will be another Transition Year for Eastern European Banks

The prospects for banks in Eastern Europe continue to be retained, Raiffeisen Bank International (RBI) analysts believe. They think 2015 will be yet another transitional year, their CEE Banking Sector report indicates. One of the main reasons for that is the deterioration of the situation in Russia, but also in other countries banks will have to wait longer for the big turnaround.

June 10, 2015

Austrian Foreign Trade with Russia and Ukraine Caved In

Foreign trade between Austria and Russia/Ukraine dropped y/y in Q1 2015: exports to Russia slipped by 39.8 percent, while imports from Russia fell 48.7 percent to EUR 0.4 billion, preliminary figures of Statistik Austria indicate. The imports from Ukraine fell by 31.5 percent, while exports dropped 55.9 percent to EUR 71 million.

June 9, 2015