Austria and Ukraine - Latest cross-border business, finance, investment, diplomatic and cultural activities
Page 1/33

Austria and Ukraine 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.

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

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

CEE Region to Grow on Average 3 Percent

The research institute Vienna Institute for International Economic Studies (WIIW) has revised its forecast for CEE countries. WIIW economists expect the region, without the CIS and Ukraine, to grow on average 3 percent, i.e. about 1.5 percentage points above the Eurozone average.

November 13, 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

Fitch: CEE Risk for Austrian Banks Shifts Towards East

US rating agency Fitch states in a report on Austria’s banks that the lenders are adequately, though not very well equipped for the challenges posed in the CEE region. Due to low yields, excess capacities and high fixed costs in the domestic market the flexibility of the banks to tackle CEE problems is limited.

November 4, 2015

Las Vegas at the Black Sea: Casinos Austria in Batumi

Casinos Austria now are offering their services to gamblers also in Batumi at the Black Sea. Last weekend the foreign subsidiary of Casinos Austria, Casinos Austria International (CAI) opened a gambling parlour in the new Hilton Hotel Batumi.

October 27, 2015

Moody’s: Bank Austria Under Pressure Due to Ukraine and Russia

Amidst rumours about the potential sale of Bank Austria retail business to Bawag and the withdrawal from eastern Europe business, rating agency Moody’s has pointed out substantial challenges for the Austrian bank arm of UniCredit. The planned sale of the Ukrainian subsidiary coincides with a currency devaluation. Moody’s is also uncertain, whether the sale can succeed.

October 23, 2015