Austria’s Raiffeisen says Ukrainian sanctions target its leasing unit
VIENNA (Reuters) – A Russian leasing unit of Austrian lender Raiffeisen Bank International is among the companies targeted by sanctions that Ukraine announced overnight, RBI said on Sunday. Ukrainian President Volodymyr Zelenskiy…
Austria’s gas dependence on Russia down to below 50%, government says
VIENNA – Austria has made progress in weaning itself off Russian naturaland boosting gas storage, the government said on Monday. “We have now already stored more than 50 terawatt hours out of…
Austria’s WIFO revises up 2022 forecast but warns economy losing steam
BERLIN – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product is expected to grow by 4.3% in…
Austria’s WIFO raising 2022 inflation forecast due to energy costs
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief said on…
Austria’s RBI gets indications of interest for Russia business
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA – Austria’s Raiffeisen Bank International, one of the European banks most exposed to Russia, has received unsolicited indications of interest for its Russia operations, the…
Austria’s RBI says Russian, Ukraine banks well-capitalised
VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk policy. “As…
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