Austria
Gazprom-Austrian OMV agreement: A political blow to Nabucco
February 24, 2011After selling a large block of shares in Hungarian MOL to the Kremlin-connected Surgutneftegaz, Austrian OMV CEO Wolfgang Ruttenstorfer’s final gift to European energy security is an agreement with Gazprom that interferes with the EU-backed Nabucco...
Romanian Commercial Bank Chisinau is investing in the development of quality higher education
April 29, 2010Romanian commercial bank Chisinau S.A. (BCR Chisinau), together with the Embassy of the Republic of Austria in Moldova, has unveiled the BCR Aula Austria study room within the Free International University of Moldova (ULIM). The room gives students access...
Nabucco Intergovernmental Agreement Signed in Ankara
July 14, 2009By Saban Kardas On July 13 the Nabucco transit countries removed an important obstacle for the strategic pipeline project. Attending a high profile meeting hosted by Turkey, the prime ministers of Austria, Bulgaria, Hungary, Romania and Turkey inked...
Moldova and Austria are interested in winemaking cooperation
June 26, 2009According to Moldova-vin agency, a delegation of the agency has recently visited Vienna to participate in a sitting of the Austrian-Moldovan Commission for Economic Cooperation. "In the course of a working meeting in the Parliament the Stiria administrative...
Surgut Neftegaz Tries Crashing MOL'S Doors
June 10, 2009By Vladimir Socor The Kremlin-connected oil company Surgut Neftegaz has launched judicial proceedings in Budapest's metropolitan court against Hungarian MOL, the most successful private oil and gas company in Central Europe. The Russian company alleges...
Analysis: Austria’s OMV fails in hostile takeover battle against Hungary’s MOL
August 08, 2008Author: Vladimir Socor On August 6 the board of directors of Austria’s OMV energy conglomerate decided to abandon its hostile takeover attempt against the Hungarian counterpart MOL (OMV press release, August 6; Der Standard, August 7)....
Austria's winemakers to strengthen export focus after strong 2006
December 29, 2006Vienna (dpa) - Austrian wines held their strong export position in 2006 despite smaller harvests, Austria's Wine Marketing Agency (OWM) said Thursday evening. According to OWM estimates, exports sunk to approximately 54 million litres in 2006, but...
Former US Treasury Secretary to join BAWAG board
December 15, 2006Vienna (dpa) - Former US Treasury Secretary John Snow will join the board of troubled Austrian bank BAWAG, it was disclosed Friday, a day after a consortium led by US hedge fund Cerberus won the bidding for BAWAG. BAWAG chief executive Ewald Nowotny...