Rapidly growing significance of CEE in automotive industry
Central and Eastern Europe (CEE) has become an important factor for the world's automotive industry, which is a highly consolidated and globalised business. In 2006, the overall production of motor vehicles reached 69 million units and was dominated by three traditional automotive regions: North America, Japan and Western Europe.
"Writing for CEE" 2007 prize winners awarded
The Austrian journalist Martin Leidenfrost is the winner of the "Writing for CEE" Award 2007. The award ceremony for the prize sponsored by Bank Austria Creditanstalt (BA-CA) and APA – Austrian Press Agency took place on Wednesday evening in Vienna.
Results for the first nine months of 2007 (1):
Bank Austria Creditanstalt Group achieves strong profit growth
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group, one of the leading European banking groups, achieved a significant improvement in its results in the first nine months of 2007 compared with the same period of the previous year, despite the turbulence in financial markets.
BA-CA finalizes the acquisition of the majority shareholding in ATF Bank in the Republic of Kazakhstan
Today, Bank Austria Creditanstalt AG ("BA-CA"), responsible within the UniCredit Group for commercial banking activities in CEE, has finalized the acquisition of 91.8 % of the total issued share capital of JSC ATF Bank ("ATF" or the "Bank") for a consideration of approximately US $ 2,117 million (approximately € 1,452 million at current exchange rates).
The new UniCredit Bank starts operations in Czech Republic
The subsidiaries of UniCredit Group in the Czech Republic merged into "UniCredit Bank". The integration process of HVB Bank and Živnostenská banka was finalised on Monday 5 November.
South Eastern Europeans want to invest in their homes
The region of South Eastern Europe continues to deliver strong growth well above EU level. 2007 will be another year of fast growth for this region, with an expected GDP increase of 5.9%. Growth continues to be supported by lively consumption and investment activity.
Willi Hemetsberger Presents Investment Guide for Turkey
The newly released "Turkey – Profile of a Converging Economy" offers investors a comprehensive look at this booming market on the Bosporus.
BA-CA signs agreement to acquire majority shareholding in Ukrsotsbank in Ukraine
Bank Austria Creditanstalt AG (BA-CA), responsible within the UniCredit Group for commercial banking activities in CEE, has signed an agreement to acquire approximately 95 percent of the share capital of Ukrsotsbank (USB) from the Group of investors represented by Interpipe Group.
Global Finance awards UniCredit Group Best Investment Bank in CEE
The financial magazines Global Finance and Acquisitions Monthly have acknowledged the outstanding role of UniCredit Group in the field of investment banking in Europe.
New destinations for expansion in the CEE growth market
UniCredit Group aims to expand its leading position and pursue further growth in the fast-growing region of Central and Eastern Europe. Based on organic growth, the Group will open some 200 new branches by the end of 2008.
The newly formed "UniCredit Bulbank" starts in Bulgaria
The subsidiaries of UniCredit Group in Bulgaria, the three banks Bulbank, HVB Bank Biochim and Hebros Bank, merged into "UniCredit Bulbank" as of 27 April 2007 when the last court registration to the new entity has been granted.
Turkey on the fast track
The impressive progress made by Turkey in the last five years in terms of economic stability and convergence towards European standards has dramatically increased the attractiveness of the country for foreign investors, especially for European investors (in parallel with the Turkish convergence process to the European Union).
The fourth largest Slovakian bank starts operations
HVB Bank Slovakia and UniBanka, the two banks of UniCredit Group in Slovakia, finalized their integration process on 2 April 2007.
CA IB Named Best Investment Bank
The financial magazine Finance New Europe named CA IB the best investment bank in Central and Eastern Europe for the second time in a row.
CEE countries gaining the edge in medium/high tech sectors
The Central and Eastern European (CEE) countries are definitely among the winners in international trade performance in the past decade.
UniCredit Group wins several awards for its CEE activities
The US financial magazine "Global Finance" named UniCredit Group "Best Trade Finance Bank in Central and Eastern Europe".