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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Czech Repubic to Restrict Budget Cuts
To boost domestic economy, the Finance Ministry announced to temporarily restrict budget cuts.
May 31, 2013
Austria: Hypo Alpe Adria Group and Anadi Financial Holdings Pte. Ltd. Signed Deal
After a successful restructuring of the bank the signing is an important step towards the privatization of the banking institute.
May 31, 2013
Slovenia: NKBM Still In the Reds
Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.
May 31, 2013
Hypo: Contract Could Be Signed Today
Today the Austrian affiliate of Hypo Group could be transferred to the property of Indian Srei Group. The company is a fast-growing listed enterprise with around 30,000 clients.
May 31, 2013
Poland: Alterated Restructuring Plan for LOT
LOT alters restructuring plan, expects more public aid
May 29, 2013
32 More Austrians Mentioned in Offshore-List
According to Austrian magazine News, 32 further Austrians from all occupations and age groups are listed at the so-called Offshore-Leaks.
May 29, 2013
Erste Group Claimed of Being Interested in Croatian Banks
There are rumors of the taking over of Hypo Croatia and HPB. However, the banks deny the speculations.
May 29, 2013
Romania: No Investors for Post Company
Debts and a collective agreement which makes restructuring impossible until 2018 are among the main reasons the company is not attractive to potential investors.
May 29, 2013
Hypo Group to Sell Austrian Affiliate
On Friday the deal of nationalized Hypo Bank’s Austrian affiliate will finally be sealed. Indian Srei Group will become the new owner in all likelyhood. The company will pay € 60m to € 70m.
May 29, 2013
Rosneft to Take Over Itera
According to a newspaper report, Rosneft intends to take over Russia’s second biggest gas supplier Itera for around € 2.3bn.
May 28, 2013
Capital Inflow & Outflow In Hungary Broke Records Last Year
Last year, the amount of foreign direct investments totalled EUR 10.462bn in Hungary, which exceeds the previous year’s figure by EUR 6.7bn and which is the largest amount ever recorded.
May 28, 2013
Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender
Czech Prime Minister Necas emphasized on the transparency of the decision.
May 28, 2013
RBI: Stepic’s Successor to Be Announced Next Week
Former CEO of RBI (Raiffeisen Bank International) Herbert Stepic has publicly declared his resignation last week. The announcement to his successor is a long time in the coming.
May 28, 2013
Poland: Immofinanz Group Sells Silesia City Center
Large property in Eastern Europe to be sold.
May 28, 2013
Romania to Enhance Shale Gas Production
Romania has announced to soon launch further tenders to increase the exploration of shale gas.
May 27, 2013
Hungary: EDP to Be Dropped.
Hungary can count on the termination of the Excessive Deficit Procedure (EDP) by the European Union.
May 27, 2013
Serbia to Receive Russian Support in South Stream Project
Russia to provide € 1.7bn for construction of South Stream gas pipeline project in Serbia.
May 27, 2013
Austria: Faymann Proposes Extension of Bank Levy
Not only the federation and taxpayers should avow for the losses at Hypo Group. This week the restructuring plan has to be handed to the EU Commission.
May 27, 2013
Kapsch Completes Successful Trial of EETS In Poland
Landmark moment for harmonization of European road networks.
May 27, 2013
Commission Welcomes Slovenia’s Commitment
The EU Commission approved of Slovenia’s adoption of a balanced budget rule on Friday last week.
May 27, 2013
Croatia: PM Anxious About Country’s Image
Prime Minister Zoran Milanovic announced that Croatia had to fight hard for its reputation within the European Union.
May 27, 2013
Russia As Big Disappointment for Strabag-CEO
Austrian construction company Strabag has hoped to have gained substantial foodhold in the Russian market by now.
May 27, 2013
Austria: New CEO for RBI to Be Announced "In The Coming Days"
On Monday, the supvising boad will negotiate about the filling of the post for the CEO of listed Raiffeisen Bank International (RBI).
May 27, 2013
Meinl Bank to Enter Bulgarian Market
Meinl Bank still awaits the green light from the Bulgarian National Bank before it can be opened.
May 24, 2013
Poland: Dispute Over Shale Gas Law
Polish Finance Minister Jacek Rostowski has criticized the Environment Ministry for the planned national participation in the production of shale gas.
May 24, 2013
Zeman Demands Stock Exchange for CEE
Czech President Milos Zeman has declared himself in favor of the merger of the stock exchanges in Prague and Warsaw.
May 24, 2013
Austria: Faymann Positive About Extension for Hypo Group
Chancellor Werner Faymann presented himself restrained yet confident about the extension granted by the Commission regarding the deadline for the winding-down of Hypo Alpe Adria Group.
May 24, 2013
Siemens to Cut 1,000 Jobs in Austria?
No official figures were disclosed. However, there are “programs”, which have to be negotiated with employees, according to a spokesman.
May 24, 2013
RBI: Meeting About Stepic’s Successor on Monday
Today, Herbert Stepic announced his resignation as CEO of Raiffeisen Bank International (RBI) due to personal reasons.
May 24, 2013
FCC Wants Guggenheim Partners As Financial Ally
With debts having amounted to more than € 8bn, Spanish parent company of Alpine is now looking for potential financial partners.
May 24, 2013
Austria: Stepic Offers Resignation
Herbert Stepic offers his resignation as CEO of RBI.
May 24, 2013
Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now
The Governor of Austrian’s National Bank confirms that the result for the ailing Hypo Group will not be “good” due to the losses that have amounted over the past years.
May 23, 2013
Slovenia: Fiscal Rule to Be Introduced in 2015
Prime Minister Bratusek announced her consent to introduce fiscal rule in 2015.
May 23, 2013
Poland: Hold on Tax to Attract Investors
Hydrocarbons tax on hold till 2020 to enhance investments in shale gas.
May 23, 2013
Voestalpine Intends to Boost Business in Germany
The Upper-Austrian steel manufacturer voestalpine wants to significantly increase its business in Germany.
May 23, 2013
bwin.party to Concentrate On Ten Markets Only.
After the weak figures in the first quarter, bwin.party CEO Norbert Teufelberger wants to get the online gambling provider back on track. However, the company also cast an eye to enter the US market.
May 23, 2013
Austrian Top Banker to Appear in „Offshore-Leaks“
For the first time, a European top banker appears in the “Offshore-Leaks” database. CEO of Raiffeisen Bank International (RBI) Herbert Stepic is coming under massive pressure.
May 23, 2013
Bulgaria to Table Bill of Amendments in Energy Sector
New regulations will be drafted when caretaker government leaves office.
May 23, 2013
Srei Group to Offer € 65.6m for Hypo
The Indian Srei Group offers € 65.5m for Austrian Hypo affiliate.
May 22, 2013
Raiffeisen Centrobank to Join Prague Stock Exchange
Raiffeisen Centrobank joins the Prague Stock Exchange as trading member.
May 22, 2013
Leitl: „EU Has To Deliver Clear Confession to Business Location Europe”
According to Leitl, the EU Summit has to deliver a “clear confession to business and industrial location” Europe.
May 22, 2013
MotoGP™ and bwin Continue Partnership Until 2015
Commercial rights holder of the MotoGP™ World Championship, Dorna Sports, and bwin, Europe’s largest sports book, announce a two-year extension of their longstanding partnership which began in 2004.
May 22, 2013
Immofinanz: First Office Project in Warsaw
Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw
May 22, 2013
VBAG and VR Leasing Launch Sale Process
VBAG and VR Leasing launch sales process for VB-Leasing International.
May 22, 2013
Banking Secret until 2015 in European Union
The banking secret for tax foreigners in the European Union could finally be completely aborted by 2015. There is an ambiguity about Luxembourg’s position in advance to the EU mini-summit over the extended EU Savings Directive (EUSD).
May 22, 2013
Joint Nabucco-Declaration Signed by Governments
Austria, Hungary, Romania, Bulgaria, Turkey adopt Nabucco joint declaration.
May 22, 2013
Slovenia Taking Drastic Measures
NLB plans to cut workforce by 20 percent. The Slovenian government signed an agreement with unions to cut wage costs and is discussing to raise VAT. The country is hoping for € 1bn for the selling of state-owned enterprises.
May 22, 2013
Austria: Three Major Banks Have Made Their „Last Will“
Three Austrian banks have already made their „testament“. Erste Group, Raiffeisen and Bank Austria have presented plans for a possible restructuring. The plans are part of the future bank insolvency law.
May 22, 2013
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