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Austria and Ukraine Business and Diplomatic Relations

Uniqa Ukraine Gets New CEO

The top management of the Ukrainian arm of Uniqa has undergone a change, as the CEO/COO/CFO post of the subsidiary has been assumed by Olena (Elena) Ulyee (39). She replaces Yuriy Yefimov who will become a supervisory board member instead. She has been CFO of Uniqa Insurance since 2007.

August 21, 2015

EBRD Buys 25% Stake in Raiffeisen Bank Aval

Raiffeisen Bank International (RBI ) reports that it has entered the final stage of negotiations with EBRD regarding the latter acquiring a stake in Raiffeisen’s Ukrainian subsidiary Bank Aval. The stake will be a substantial minority shareholding, RBI’s management board announced. The closing of the deal is slated for next week.

August 19, 2015

Bank Austria Shouldered More Costs for Ukrainian Ukrsotsbank in H1

Bank Austria is negotiating the sale of its Ukrainian subsidiary Ukrsotsbank with Russia’s Alfa Bank. UniCredit Group (parent company of Bank Austria) and ABH Holding of Alfa Group have started exclusive negotiations, it was announced on Friday evening. UniCredit Group is supposed to secure a minority stake in ABH in return. The talks are scheduled to take three months.

August 10, 2015

Ukrainian Bank Ukrsotsbank Weighs Heavy on Bank Austria's Balance

The crisis in Ukraine has strained Bank Austria results in H1. The Ukrainian subsidiary Ukrsotsbank cost the bank consolidated result EUR 202 million (USD 219 million). However, at the same time the Russian subsidiary managed to yield substantial profits in spite of Russian sanctions and a weaker market and generally shrinking business.

August 6, 2015

Fourteen CEE Countries Sign MoU on Integrated Gas Market

Austria and thirteen other European Union and Energy Community countries in Central Eastern Europe and South East European regions signed a memorandum of understanding in Dubrovnik on joint efforts to build up gas infrastructure links and resolve technical and regulatory issues in order to create an integrated energy market in the region.

July 10, 2015

Moody’s: Ukraine’s Three Biggest Banks in Default

US rating agency Moody’s described the situation of Ukrainian banks as ‘extremely difficult’. The three biggest lenders Privatbank, Savings Bank of Ukraine and Ukreximbank were awarded the secondworst ‘Ca’ rating and the outlook is negative. Raiffeisen Bank Aval also affected.

July 10, 2015

EBRD in Advanced Talks on Engagement in RBI's Ukrainian Subsidiary

The EBRD is at the advance stage of talks on the engagement in listed bank RBI's Ukrainian unit Aval, the EBRD said Monday.

July 6, 2015

Ambassador Martin Sajdik Becomes New OSCE Special Representative in Ukraine

The OSCE Chairperson-in-Office and Serbia’s Foreign Minister Ivica Dačić today appointed Ambassador Martin Sajdik (Austria) as his new Special Representative in Ukraine and in the Trilateral Contact Group. He follows Ambassador Heidi Tagliavini (Switzerland) who, having fulfilled this assignment for one year, expressed her wish to step down.

June 23, 2015

Baumit Boosts Engagement in Ukraine

Baumit is still focusing on Eastern Europe and is still investing, "despite all risks” in Ukraine: The dry mortar plant, which opened in 2012 near Kiev, will be expanded the company announced. Robert Schmid, the head of Baumit Beteiligungen GmbH, also emphasized the "social responsibility” towards the 60 employees in Ukraine.

June 16, 2015

Bilderberg 2015: Full List of All 133 Participants

The full list of all 133 attendees to the top secret Bilderberg Group conference 2015 has been released (see below). The Austrians participating are René Benko, Oscar Bronner, Heinz Fischer, Alfred Gusenbauer, Erich Hampel, Wolfgang Hesoun, Gerhard Roiss, Rudolf Scholten and Karl Sevelda.

June 12, 2015 · Updated: June 12, 2015; 17:45