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Austria and Ukraine Business and Diplomatic Relations

Andreas Gschwenter Becomes New COO/CIO of Raiffeisen Bank International

The Supervisory Board of Raiffeisen Bank International decided that Andreas Gschwenter will become Chief Operating Officer (COO) and Chief Information Officer (CIO) of RBI from 1 July 2015. Gschwenter was born in 1969, has a degree in business administration and has been Head of Operations (COO/CIO) in charge of IT, operations and cost management at Raiffeisen Bank Aval in Ukraine since 2010. His appointment is subject to approval by the Austrian Financial Market Authority.

May 20, 2015

Meinl Kaffe Raised Coffee Sales in Spite of Russian Crisis

In spite of the crisis between Russia and Ukraine coffee seller Julius Meinl Kaffee managed to expand much in Russia, hiking sales by 30 percent while turnover in hotels, restaurants and cafes climbed last year by 13 percent y/y to eUR 21.5 million. The CFO Arno Götz noted that the company had driven out weaker competitors and had taken over market leader position.

May 20, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

Bank Austria Q1 Net Profit Sinks 43 Pct Y/Y to EUR 198 Mln

Bank Austria, a unit of UniCredit, saw its Q1 net profit sink by 43.2 percent y/y to EUR 198 million (USD 222.9 million) as key line of net interest income was down 6.2 percent y/y, the bank said. Also the Ukrainian unit, which continued to suffer from the ongoing crisis in the East and has been put up for sale by the group, made a negative contribution to the results.

May 13, 2015

OSCE Troika Urges Advancement in Political Process Aimed at Solving Crisis in Ukraine

Foreign Ministers Dačić, Steinmeier and Burkhalter called for the immediate establishment of Working Groups as provided for in the February 12 Package of Measures for the implementation of the Minsk agreements and proposed by Special Representative Ambassador Heidi Tagliavini and the Trilateral Contact Group.

April 28, 2015

RBI CEO Sevalda Confirms Talks with EBRD on Ukrainian Unit

Listed bank RBI is negotiating with the EBRD on investment in RBI's Ukrainian unit Aval, RBI CEO Karl Sevalda said Wednesday at the annual press conference in Vienna confirming earlier reports.

March 25, 2015

RBI Raiffeisen Bank International May Post Loss in 2015

Listed bank RBI may close 2015 in the red due to the current group restructuring measure and maintain a higher level of provisions, the bank said. 2014 consolidated loss came to EUR 493 million (USD 540.9 million), RBI also said confirming preliminary figures.

March 25, 2015

RBI in Talks with EBRD on Cooperation in Ukraine

Listed bank RBI is in talks with the EBRD as it attempts to secure EBRD help with business in Ukraine, RBI CEO Karl Sevalda told the daily Handelsblatt.

March 18, 2015

UNIQA Keeps Business in Eastern Europe

In spite of passing problems insurance group UNIQA wants to keep its business in all 15 CEE countries and also in Russia and Ukraine, CEO Andreas Brandstetter told the press on Friday while presenting the figures for 2014. The interest level will be small over the next years though.

March 6, 2015

OSCE Special Monitoring Mission to Ukraine Deputy Chief Monitor Alexander Hug to Visit Vienna

The Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine, Alexander Hug, will visit Vienna, Austria, on 5-6 March.

March 5, 2015