Raiffeisen Bank International (RBI) increased its profit excluding the Russian business in the third quarter of 2026 by ten percent to 1.13 billion euros and successfully completed the acquisition of the Romanian Garanti Bank. #RBI #Gewinnsteigerung #Bankenübernahme (translated)
The separation of the Russia business from Globus under the name Hyperglobus raises serious ethical concerns in light of tax payments and financial support for an organization that supplies the Russian army. #Globus #Hyperglobus #Russlandgeschäft (translated)
Emanuel Boeminghaus wrote that the machine manufacturer Vollmer, founded in 1909, has filed for bankruptcy. About 450 employees at the German headquarters are affected; the company employs around 1,200 people worldwide. The restructuring is to take place in self-administration, operations will continue, and the coming six months are already financed. Boeminghaus cited the loss of the Russian business, which accounted for about ten percent of revenue before the Ukraine war, as burdens, as well as increased costs, supply problems, and weak demand. A new building initially estimated at 100 million euros has risen to around 150 million euros and was halted in 2023. By 2025, Vollmer had already announced the reduction of about 15 percent of jobs at the headquarters. Boeminghaus wrote that after 117 years, the future of hundreds of employees is uncertain. He cited a report from t-online dated October 20, 2026, which referred to the Schwäbische Zeitung and SWR as sources. https://t.co/aN6uNKCtfG #Insolvenz #Maschinenbau #Industriekrise (translated)
