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Austria and Russia Business and Diplomatic Relations

Atrium Real Estate Q1 Figures Spoilt by Russian Rents

Listed real estate developer Atrium suffered a decline in Q1 2015 rent income as the group offered relief measures to its Russian customers in view of the crisis in the country, Atrium said. Adjusted for this effect, net income from rent grew.


RBI’s Client Owns 6 Percent of Russia’s Oil Group Tatneft

The Austrian listed Raiffeisen Bank International (RBI) controls in the name of an unnamed client a 6.09 percent stake of Russia's sixt largest oil group Tatneft. It was stressed that the stake is not owned by RBI.

May 26, 2015

Moody's Confirms Ba3 Rating for VTB Bank Vienna

Rating agency Moody's has confirmed the long-term rating of "Ba3” for the Austrian subsidiary of the Russian bank group VTB, VTB Bank (Austria).

May 22, 2015

Russia Demands Extradition of Oil Magnate Ural Rakhimov

Russia is demanding that Austria extradites oil magnate Ural Rachimov, a court spokesperson told APA on Tuesday confirming the report of the daily Die Presse.

May 20, 2015

Meinl Kaffe Raised Coffee Sales in Spite of Russian Crisis

In spite of the crisis between Russia and Ukraine coffee seller Julius Meinl Kaffee managed to expand much in Russia, hiking sales by 30 percent while turnover in hotels, restaurants and cafes climbed last year by 13 percent y/y to eUR 21.5 million. The CFO Arno Götz noted that the company had driven out weaker competitors and had taken over market leader position.

May 20, 2015

Russia's Alfa Bank Eyes RBI Bank's Czech/Slovak Unit Zuno

Russia's Alfa Bank is reportedly interested in listed bank RBI's direct banking loss-making unit operating in the Czech Republic and Slovakia, Zuno Bank,the Czech daily Lidove noviny reported in its online edition.

May 19, 2015

SBO Oilfield Seen Posting EUR 9.6 Mln Q1 Net Profit, Down 34 Pct Y/Y

Listed oilfield group SBO will likely post EUR 9.6 million (USD 10.9 million) in Q1 net profit, 34 percent below the year earlier figure, predict analysts ahead of the release of the financial statements slated for Tuesday.

May 18, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

Who are Austria's Trading Partners with Biggest Payment Bottlenecks?

Austria's exporters see the biggest payment delays in the case of trading partners from Turkey, China and Russia, show the data on Austria's key trading partners compiled by export insurer OeKB-Versicherung.

May 11, 2015

Russian Banks in Austria to be Screened by European Central Bank

The Austrian units of Russian banking giants VTB and Sberbank will be screened by the European Central Bank as a part of pending tests of eight European banks.

May 7, 2015