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Austria and Ukraine Business and Diplomatic Relations

House of Ukrainian Oligarch Dmytro Firtash Raided by Austrian Police

Austrian police have carried out a raid of the house of Ukrainian oligarch Dmytro Firtash in Vienna, following a request of German authorities.

April 21, 2016

Fischer in Moscow, Winks towards Russia

Federal President of Austria Heinz Fischer continues on his mission to open doors to other countries. Currently he is meeting with Russia’s President Vladimir Putin in Moscow. Austria understands itself as a nation unifying agent and hopes to benefit from the resuming of economic and political exchange, which has been severely restricted due to the Ukraine conflict and subsequent EU sanctions imposed on Russia.

April 6, 2016

Fischer's Visit to Moscow: Austria Loyal about EU Sanctions

Federal President Heinz Fischer, currently on an official visit in Moscow, has underscored in an interview that Austria was loyal to the EU about sanctions imposed on Russia. However, whoever wants to improve bilateral relations will not be too happy about sanctions, he added. In this way the Federal President relativized Russian media reports which implied that he allegedly spoke in favour of lifting sanctions for the annexation of the Crimea, which by the EU is deemed unlawful under international law.

April 6, 2016

Panama Papers in Austria: Raiffeisen, RBI, Hypo Vorarlberg Implicated

In the aftermath of the Panama Papers scandal, Austrian media, like media from 80 other countries, report about the involvement of local firms and bankers in the shady financial deals that were to enable tax evasion. In Austria two banks have landed in the spotlight: RBI and Hypo Vorarlberg.

April 4, 2016

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

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

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

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

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015

CEE in the Autumn of 2015 is the New Safe Haven

The key conclusion of UniCredit’s CEE Quarterly 4Q 2015 is that the CEE region, despite its heterogeneity, looks better positioned than most other large emerging markets to cope with potential challenges. In particular they found that market volatility spiked in 3Q15, with the uncertainty surrounding the anticipated Fed rate hike augmented by growing worries about a “hard landing” in China.

September 25, 2015