The latest cross-border business, finance, investment and diplomatic activities between Austria and Russia/CIS
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Analysis: Hungarian Deal with Russia Gives Hungary Enough Gas for 3-5 Years

Gas that Hungary can requisition from Russia under an agreement reached recently will be enough to last 3-5 years, Minister of Foreign Affairs and Trade Peter Szijjarto said on public television.

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

Sefcovic: "Russia Will Remain Important Energy Supplier to the EU"

Russia will remain a very important energy supplier to the European Union, said European Commission Vice-President Maros Sefcovic at a meeting with journalists on the occasion of the presentation of the European Energy Union .

February 25, 2015

OSCE Chief Observer at the Russian Checkpoints to Visit Headquarter in Vienna

Paul Picard, Chief OSCE Observer at the Russian Checkpoints Gukovo and Donetsk will address the OSCE Permanent Council. He will report on the situation including movements across the Russian-Ukrainian border at the Russian checkpoints at Gukovo and Donetsk.

February 25, 2015

Strabag Seeks to Grow Overseas

Listed Austrian construction group Strabag wants to expand business overseas and to increase the share of markets outside of Europe, it follows from an interview with CEO Thomas Birtel for WirtschaftsBlatt. The dividend for 2014 is to be at least as big as for 2013 (EUR 0.45/USD 0.51 per share)

February 23, 2015

C.A.T. Oilfield Services Supervisory Board Steps Down

Listed oilfield services group C.A.T. oil's supervisory board stepped down, ahead of the dismissal that was planned for the GM slated for next week, the company said in a filing.

February 20, 2015

Spice Company Kotanyi Generated Higher Sales in 2014

Spice producer Kotanyi raised its sales in 2014 to EUR 140 million (USD 159.6 million) from EUR 138 million in 2013. In Russia, the most important foreign market, the company from Wolkersdorf was hit by the collapse of the Russian Rouble.

February 19, 2015

Bank Austria Set to Sell Ukrainian Unit in 2015

Bank Austria, a unit of UniCredit, hopes to sell its Ukrainian arm, Ukrsotsbank, this year, CEO Willibald Cernko told the annual earnings press conference on Thursday.

February 12, 2015

Bank Austria Halves Credit Risk Costs, Nets EUR 1.38 Bln in 2014

Bank Austria, CEE unit of Italy's UniCredit, enjoyed a considerable improvement in 2014 and turned to EUR 1.383 billion (USD 1.57 billion) net profit from over EUR 1.5 billion loss a year earlier, the bank said Thursday citing preliminary figures.

February 12, 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