AUSTRIA
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Grampet Signs Precontract To Buy Company In Austria; Also Eyes Polish Market
Grampet, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, is present on the logistics segment in Austria with the company Grampetcargo Austria.
Former McDonald’s Romania CEO Gets Franchise for 10 Restaurants in Austria
Former McDonald’s Romania chief executive officer and minority shareholder Daniel Boaje has bought the McDonald’s franchise for ten restaurants in Austria from entrepreneur Dietmar Kuhn.
Entrepreneur Remus Cosovanu Plans To Take Spartan Restaurant Brand To Hungary, Austria
Romanian entrepreneur Remus Cosovanu from Timisoara (western Romania), who holds the Spartan franchise on the restaurant market, has opened the seventh Spartan unit in Timisoara and wants to...
Austrian Banks' Exposure To Romania Down EUR5B Since 2011 Peak
The exposure of Austrian banks to Romania fell by EUR5 billion to EUR25.8 billion at the end of 2013 from a high of more than EUR30 billion in the spring and summer of 2011.
Companies in Romania Took EUR11B Loans Directly From Foreign Banks
Companies in Romania had EUR11 billion loans taken out directly from banks abroad, mostly from Germany and Austria, at the end of last year, according to Romania’s central bank (BNR) data.
Austrians Finally Conquer Romania’s Constructions Market
Austrian investors bought Romania’s largest oil company OMV Petrom ten years ago and its largest bank BCR eight years ago, but it was only in 2012 that they climbed to the top spot on the lo...
Austrian Tourists Spent Over EUR52M In Romania Last Year, Up 15%
Over 218,000 Austrian tourists visited Romania in 2012, nearly 14% more than in 2011, and spent an estimated EUR52 million in the country, said Simion Giurca, head of the office promoting Ro...
Volksbank To Become Newest State-Owned Bank In Romania
Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the natio...
Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania
Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Aus...