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AUSTRIA

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Foreign Banks Cut Exposure To Romania By EUR2.6B In 3Q
Banks-Insurance · International Statistics Contradict Bankers

Foreign Banks Cut Exposure To Romania By EUR2.6B In 3Q

The Austrian banks cut exposure to Romania by some EUR1.9 billion in the third quarter of 2011 compared with the mid-year level, due to pressures to reduce vulnerability to risk and consolid...

Radu Bostan · 02.02.2012 · 00:00 · 2 min
Austrian Central Bank Insists On Restricting Lending Terms For New Loans
Banks-Insurance

Austrian Central Bank Insists On Restricting Lending Terms For New Loans

The governor of the central bank of Austria, Ewald Nowotny, says publicly he does not intend to drastically restrict the position of Austrian banks in the region, but unofficially continues...

Daniela Stoican · 18.01.2012 · 00:00 · 6 min
Raiffeisen CEO: It’s Natural To Continue Our Business In Romania
Banks-Insurance

Raiffeisen CEO: It’s Natural To Continue Our Business In Romania

Romania is a key market for Raiffeisen and the Austrian group has no intention of abandoning its local businesses, since this is a strategic, long-term investment, which remains profitable d...

Daniela Stoican · 06.12.2011 · 00:00 · 2 min
EBRD Accuses Austrian Central Bank Of Scaring Investors
Banks-Insurance

EBRD Accuses Austrian Central Bank Of Scaring Investors

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstr...

Daniela Stoican · 25.11.2011 · 00:00 · 2 min
Austrian Post Buys 26% In Romanian PostMaster For Undisclosed Amount
Companies

Austrian Post Buys 26% In Romanian PostMaster For Undisclosed Amount

The Austrian Post, with EUR2.3 billion in turnover last year, has entered the Romanian market through the acquisition of 26% in PostMaster, preparing to gain business when the monopoly of st...

Mirabela Tiron · 21.10.2011 · 00:00 · 1 min