Austria and Russia - Latest cross-border business, finance, investment, diplomatic and cultural activities
Page 1/61

Austria and Russia Business and Diplomatic Relations

E-Control: Gas Supplies Over Ukraine Route Not Affected

The fact that Ukraine no longer buys any gas from Russia does not constitute a threat to gas supplies in other countries, Austrian energy market regulator E-Control assures. The supply of domestic consumers is, likewise, secure.

3 hours ago

EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval

The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.

4 hours ago

Bank Austria Negotiates with Alfa over Ukrainian Arm

UniCredit subsidiary Bank Austria continues negotiating with Russia’s Alfa Bank the sale of the Ukrainian subsidiary Ukrsotsbank, even though the stage of exclusive negotiations ended on 7 November.

November 18, 2015

RBI Does Not want to Sell Russian Arm

Raiffeisen Bank International (RBI) affirmed that it did not plan to sell its Russian arm, repudiating press rumours. "We have no intention of selling Raiffeisenbank Russia,” the bank told Reuters. The Russian arm contributes a lot to the result of the bank concern, it was stressed.

November 17, 2015

Warimpex Sells Stakes in Two Hotels in Yekaterinburg

Hotel operator and property developer Warimpex has sold 60-percent stakes in two airport hotels in Yekaterinburg in Russia to private investors. In spite of the currently difficult market the deal is going to have a positive impact on the Austrian company’s balance sheet. The hotels will still be managed by Vienna International Hotelmanagement.

November 17, 2015

Weapons Manufacturer Glock Gets Competition

The weapons maker Gaston Glock is getting competition in Carinthia, in Rosental. Russian-born entrepreneur Michael Yudelson has established a sportsrifle factory in the town. Both firms are now competing for skilled labour. Meanwhile the Green party critices the investment.

November 16, 2015

VTB Bank Austria has Passed the European Central Bank’s Stress Tests

To meet these requirements, VTB Bank (Austria) AG boosted the capital, raising its consolidated capital ratio from 9.3% as of the end of 2014 to 13.7% as of the end of September 2015.

November 16, 2015

RBI Bank Posts EUR 90 Mln Net Profit in Q3, Beats Consensus

Listed bank RBI posted EUR 90 million (USD 96.6 million) in Q3 2015, down from EUR 204 million in Q2, better than the market consensus for a loss, the bank said in a report out Thursday morning.

November 12, 2015

RBI Expects Small Profit in Full 2015

Listed bank RBI updated its 2015 guidance and expects a "slightly positive consolidated result” in the full year, the bank said in a surprise statement, reversing former projection for a loss.

November 12, 2015

RBI Surprised Market, as Reorganisation Costs Not to Apply this Year

Raiffeisen Bank International (RBI) surprises analysts with its positive Q3 results, as net profit slipped ‘only’ 56 percent q/q to EUR 90 million. The outlook for 2015 has improved, too. This is chiefly the result of reorganization costs of EUR 550 million not becoming due this year after all. The cost estimates had pushed the management to predict a full-year loss in 2015.

November 12, 2015