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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Immofinanz Prepares for BUWOG Sale
The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.
August 3, 2013
Slovenian Banking Sector: Equity Capital Base Improves
The banking system’s overall capital adequacy improved last year to 11.9% on average. The banks primarily focused on improving their core Tier 1 capital ratio, which was up 1.1 percentage points to stand at 10%.
August 3, 2013
CESEE: „Growth Story Did Not End“
In an interview with the Austrian newspaper “Presse”, chairman of the CEESEG supervisory board Willibald Cernko explains that Central and Eastern Europe needs a new growth model.
August 3, 2013
Slovenian Real Estate Sector Shrinks
The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.
August 3, 2013
Immofinanz Posts Lower Net Income
The Austrian real estate company has published the results for the financial year 2012/13. Property sales at record high, net profit lower due to decline in positive valuation effects.
August 2, 2013
Moody´s Downgrades Austrian Verbund
The rating agency lowers the rating of the Austrian energy group from „A3“ to „Baa1“.
August 2, 2013
Slovenian Banking Sector Still Under Enormous Pressure
Besides the decreasing negative net income and the high impairment losses, Slovenia´s banks register a decreasing lending activity. Deposits are going down as well.
August 2, 2013
Slovenia: Non-Performing Loans Stabilizing
The Slovenian banking industry still suffers from a high NPL quota. The NPL volume is going down slightly, however.
August 2, 2013
AMAG: Sales and Net Income Down
Due to the declining aluminum price, the Austrian aluminum producer posts smaller profits. All divisions working at full capacity.
August 2, 2013
AUA Posts Positive Operating Result
Austrian Airlines´operating result was up by EUR 20 million in the first half-year.
August 2, 2013
Moody’s to Examine Hypo Pfandbriefe
The Aa2-Rating of Pfandbriefe of Hypo Group without governmental guarantee are under observation. This is because of the insecurity of the final decision of the EU Commission about the restructuring plan.
August 1, 2013
Kapsch TrafficCom Starts Collecting Tolls in Belarus
The costs of the toll system established by Kapsch TrafficCom in Belarus came at € 267m and starts operating now.
August 1, 2013
Austria: Verbund to Take Austerity Measures
Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.
August 1, 2013
Cyprus Is Showing Progress
According to estimates by its international creditors, Cyprus is showing progress at the reorganization of its state budget.
July 31, 2013
Romania: Drop of VAT on Bread and Baked Goods
Around 70 percent of Romanian bread and baked goods are sold on the black market. A drop in VAT is supposed to change that.
July 31, 2013
Slovenia Likely to Overcome Problems in Banking Sector
Slovenia’s problems in banking sector are controllable, according to experts.
July 31, 2013
Eurozone: Business Investments Decreased to 18.8 Percent
Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively
July 31, 2013
Bulgaria: Danger of Policy Drifting
Bulgaria's fundamentals are strong but politics suggest policy drift.
July 31, 2013
Ukraine’s Banking System to Approximate EU Standards
Introduction of Basel-II regulation earlier in 2013 helped banks create more reserves.
July 31, 2013
Austria: Operative Losses for Verbund
Quarters 1–2/2013: Verbund improves EBITDA and Group result considerably. In total, the water supply, asset swap and impairments have a favourable impact on results.
July 31, 2013
Trend: Service Industry Drifts to CESEE
Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.
July 30, 2013
EVN Forced to Lower Electriciy Prices in Bulgaria
Austrian energy provider EVN is ordered by the regulator to drop electricity prices.
July 30, 2013
Czech Republic: US Export-Import Bank Offers Loan for Temelin
The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.
July 30, 2013
Bulgaria to Lower Electricity Prices by August
Bulgaria will lower the price of electricity on August 1st
July 30, 2013
Slovenia Lures Russian Investors
Slovenia invites Russian investors to participate in privatization plans.
July 30, 2013
47.5 Percent Compulsory Levy in Cyprus
Major investors are losing almost half of their assets.
July 30, 2013
Meager Profits for Erste Group in First Half 2013
Erste Group posts net profit of EUR 301.2 million for first half of 2013; risk costs decline
July 30, 2013
RBI Trying to Avoid Becoming “Cash Cow“ in Hungary
In an interview with “Wirtschaftsblatt“, CEO of RBI Karl Sevelda talks about further burdens in Hungary and the bank’s reaction to them, capital increase and how participation capital can be replaced.
July 29, 2013
Gazprom Acquires Kirghiz Gas Network
In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.
July 29, 2013
Two Interested Parties for Hypo Alpe Adria Italia
Two investors have shown their interest for the take-over of Italian affiliate of nationalized Hypo Alpe Adria. Banca Popolare di Vicenza and a British-Indian Group are claimed of being interested.
July 29, 2013
Russia: Stronger Regulations for Market for Consumer Loans
Business with consumer credits have started comparatively late in Russia. Now, the market is supposed to be regulated further.
July 29, 2013
Zumtobel Takes Over Chinese Affiliate
Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.
July 29, 2013
ECB: No Risk of Deflation in Europe
The European Central Bank (ECB), in contrast to the International Monetary Fund (IMF), does not see the danger of a general downward trend in prices with all its negative effects for the economy.
July 29, 2013
Alpine: Financial Difficulties Existed Longer Than Assumed So Far
The crisis of insolvent construction company Alpine goes back much farther than assumed so far. The company had problems in 2009 already to settle invoices.
July 27, 2013
KapschTrafficCom Still Struggling in South Africa
The South African government cannot start the project since the state-controlled toll company is already in desperate straits. Further financial aids are not in sight.
July 25, 2013
Austria: 82 Percent of Alpine Employees With New Jobs
After the construction company’s bankruptcy, 82 percent of Alpine employees have found a new job again. Around 100 persons are still working on the winding up of the company.
July 25, 2013
Czech Republic: CEZ to Postpone Completion of Temelin
Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.
July 25, 2013
Hypo Group: Massive Losses in Italy
The Italian affiliate of Austrian problem bank Hypo Alpe Adria has notched up considerable losses.
July 25, 2013
Immofinanz Postpones Buwog’s Going Public
Austrian real estate company Immofinanz has put off the initial public offering of its affiliate Buwog. The reason for the postponement is the unstable market environment. The new date for an IPO is 2014.
July 24, 2013
Uniqa Places € 350m Capital Bond
UNIQA successfully places €350 million supplementary capital bond.
July 24, 2013
Voestalpine: Cartel Proceedings Finally Settled
voestalpine AG response to the German Cartel Office's rail cartel announcement issued yesterday.
July 24, 2013
Serbia and Bulgaria to Team Up in Energy Policy
Serbia and Bulgaria discuss South Stream, Nis-Sofia gas interconnection and the completion of the section of Corridor 10
July 24, 2013
OMV: Problems in Libya Slow Down Production
The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.
July 24, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
China: Big Plans for Ljubljana Airport
China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.
July 24, 2013
Alpine Inable to Pay in Mid-2012 Already
Former CFO supposed to have asked Spanish parent company FCC for liquidity assistance in the amount of € 115m, otherwise “we are dead”.
July 24, 2013
Hypo Group: Current Capital Injection Not Enough
Klaus Liebscher, head of the supervisory board of the nationalized Austrian problem bank, thinks that the Ministry of Finance will have to inject further money.
July 23, 2013
Profitability: Austrian Banks Perform Worst
According to a current report published by A.T. Kearney, the Austrian banking industry suffers from a low profitability.
July 23, 2013
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