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Austria and Ukraine Business and Diplomatic Relations

Activ Solar Files for Reorganisation in Austria, Debts Reach EUR 500 Million

Vienna-based Activ Solar GmbH announced that it is bankrupt and that it has filed for reorganization in Austria due to its investment exposure in Ukraine. The company has amassed debts to the tune of EUR 500 million.

February 10, 2016

VIG Earnings Dropped in 2015 Due to Conscious Lump-Sum Payment Halt

Premiums developed was good, taking into account the difficult market, Austria’s listed insurer Vienna Insurance Group (VIG) reports. Growth was achieved in many CEE markets, while in other markets (18 countries including Serbia, Bulgaria, Baltic States, Ukraine) the premium increase was 10 percent, to EUR 1.3 billion.

January 26, 2016

Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna

The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.

January 20, 2016

Bank Austria Parent Bank UniCredit Completes Sale of Ukrainian Arm

UniCredit, the holding bank of Bank Austria, has reached a binding agreement with ABH Holdings of Alfa Group, concerning the sale of the Ukrainian subsidiary Ukrsotsbank, it was announced.

January 12, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 2015

Logistics Company Gebrüder Weiss Cooperates with Lithuanian Railways

Vorarlberg-based logistics company Gebrüder Weiss has signed a cooperation agreement with the Lithuanian national railways. Thanks to the agreement it will be possible in the future to transport cargo between Turkey and the Baltic Sea on tracks. The alternative to sea route with travel time of 11 days is almost twice faster, the company announced.

December 18, 2015

Austrian Ministry of Foreign Affairs: Council of Ministers Places 27 New Diplomats at Head of Embassies

The Council of Ministers of the Austrian Ministry of Foreign Affairs has decided to place 27 new Austrian diplomats at head of Austrian Embassies worldwide.

December 10, 2015

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.

November 25, 2015

Journalism Award “Writing for CEE 2015” Goes to Martin Leidenfrost

The EUR 5,000 "Writing for CEE" journalist prize has been awarded for the twelfth time. Journalists from all round Europe – including Northern Europe, Central and Eastern Europe, South Eastern Europe and the CIS countries – have been invited to submit their works. The Austrian Journalist Martin Leidenfrost wins the “Writing for CEE 2015” award for his column "Expedition Europe". At the award ceremony writer and honorary guest Karl-Markus Gauß touched on the discovery of Europe and SEEMO Secretary General Oliver Vujovic said, that Europe faces new boundaries and divisions.

November 18, 2015 · Updated: November 20, 2015; 19:00