Austria and Russia - Latest cross-border business, finance, investment, diplomatic and cultural activities
Page 1/59

Austria and Russia Business and Diplomatic Relations

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

Lukoil is Expanding its Location in Vienna

The Russian oil group Lukoil is expanding its location in Vienna and wants to entrust the Viennese Holding Lukoil International with the exploration and production business, generating sales of EUR 4.6 billion per year, CEO Vagit Alekperov told ‘Wiener Zeitung’.

June 8, 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

Heineken to Brew Gösser Beer in Russia

Dutch firm Heineken has launched production of Gösser beer, a top brand of Brau Union, the Austrian subsidiary of the beer brewing giant Heineken. Heineken intends to increase its share in the Russian market with a cheaper beer brand, Russia’s Vedomosti online reports. The production of Gösser in St. Petersburg, Nizhni Novgorod, Yekaterinburg, Novosibirsk and Sterlitamak has already begun.

June 2, 2015

FDI: Western Europe Overtakes China and North America, Austria Improved Its Position

Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.

May 29, 2015