Japan wants to use the Hong Kong crisis to persuade its bankers to mover to Tokyo,…
Austria
Business news and investment opportunities in Austria
STATS
Source: World Bank
Currency: Euro
GDP: 455.3 billion USD (2018)
GDP per capita: 51,461.95 USD (2018)
GNI per capita: 55,300 PPP dollars
GDP growth rate: 2.4% annual change (2018)
Internet usage: 87.94% of the population (2017)
Putin pours oil on NS2’s troubled waters amid fears of German power play
Russian President Vladimir Putin moved to allay European fears of a political agenda behind the controversial…
OMV boss defiant over Nord Stream 2 pipeline in face of US sanctions
The new sanctions imposed on Russia by the US have made the financing of large projects…
Iran considers Austrian petrochemical hub to target Eastern Europe
Austrian petrochemical hub: Iran’s Petrochemical Commercial Company (PCC) is thinking of building a petrochemical hub in Austria…
OMV puts Nord Stream 2 costs at €10bn with 2019 commission date
Nord Stream 2 costs: The Austrian oil and gas distributor OMV has put the cost of laying…
OMV puts Turkish fuel subsidiary Petrol Ofisi’s 1800 petrol stations up for sale
The Austrian oil group OMV is putting its Turkish subsidiary Petrol Ofisi up for sale, it…
Austria gets behind Nord Stream 2
Austria will lend its support to the controversial Nord Stream 2 pipeline, its Vice-Chancellor of Austria…
Balkan states consider Turkish Stream extension up to Austria
Turkish Stream extension: The Foreign Ministers of Hungary, Serbia, Macedonia and Greece could sign an MoU committing them…
Bulgaria to develop Khan Asparuh oil field in Black Sea
Bulgaria is to begin developing the Khan Asparuh oil field in its Black Sea waters next…
Raiffeisenbank pulls out of Russian auto loan market
Austria’s Raiffeisenbank is to stop issuing new loans for the purchase of passenger cars and commercial vehicles…
S&T to invest millions in Russian companies in show of confidence
The board of Austrian IT provider S&T has approved an investment plan which will see millions of…
Lukoil-Ukraine gas stations sold to Austria’s AMIC
Lukoil-Ukraine: Lukoil has agreed to sell the 240 Ukrainian gas stations and six oil depots it owns…
Deripaska increases Strabag stake
Deripaska increases Strabag stake: Russian billionaire Oleg Deripaska has raised his stake in the Austrian Strabag construction company…
Gazprom pushes ahead with South Stream Austrian spur
South Stream Austrian spur: Gazprom is to press ahead with its plan to build an Austrian spur…