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Vienna International Community - Top Diplomats - Latest Headlines
Read updated news about key diplomats in Vienna's international community,e.g. changes in diplomatic personnel in Austria & at Austrian representations abroad
Changes to the Management Board of Erste Group
The Supervisory Board of the Austrian bank took several personnel decisions that concern the holding company as well as the subsidiaries in Hungary and Romania.
December 15, 2011
S&T Aims to Achieve Turnaround in 2012
The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.
December 14, 2011
Pecik to Enlarge Activities in Telekom
The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.
December 14, 2011
AUA Sharpens Austerity Measures
The Viennese business location Austrian Airlines, a subsidiary of Lufthansa, has to become cheaper, says Lufthansa´s CEO Franz.
December 14, 2011
Marihart Becomes President of Primary Food Industry
Johann Marihart, CEO of the Austrian sugar and starch group Agrana, takes charge of PFP, the association of the primary food processing industry in 2012.
December 14, 2011
Kaufhof: Investigations Cause Delay in Sale Process
Suspicions of money laundering against the Austrian real estate investor René Benko prevent the take-over for the time being.
December 13, 2011
Debt Brake: Government Tries Again
In order to install the „debt brake“ into the constitution, the Austrian government tries again to persuade the opposition parties.
December 12, 2011
€ 230m Capital Increase at Hypo Tirol
The province of Tyrol, the owner of Hypo Tirol, decided to strengthen the bank´s capital base. From where the funds will be provided, is not clear yet.
December 12, 2011
Treichl: „9% Quota Is Adequate“
The CEO of Erste Group, Andreas Treichl, is optimistic to achieve the prescribed 9% tier 1 capital quota by mid-2012.
December 10, 2011
Mitterlehner Pushes for more Venture Capital
The Austrian Minister of Economics, Reinhold Mitterlehner wants to increase efficiency and reduce redundancies in economic subsidies.
December 10, 2011
Austria´s Industry Supports Croatia´s EU Accession
The Austrian Chamber of Commerce sees a huge interest of the domestic economy in Croatia´s EU accession. In 2010, Austria was the largest investor.
December 10, 2011
Pecik Calls For Supervisory Board Members
The new core shareholder of Telekom Austria, Ronny Pecik wants to extend his influence on the management.
December 9, 2011
Nowotny Attacks EBA
The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.
December 9, 2011
AUA to Strengthen Presence in Austria
Austrian Airlines, the subsidiary of the German Lufthansa, refocuses on the Austrian home market. Flights to provincial airports should be extended.
December 8, 2011
Kaufhof: Benko Offering € 2bn?
The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.
December 8, 2011
Rating Agencies Are Seen As Threat
The governor of the Austrian Central Bank, Ewald Nowotny, attacks S&P. For the head of the economic research institute IHS, Bernhard Felderer, the negative outlook must be seen as a warning signal.
December 7, 2011
„Debt Brake“: Critcism Against Opposition
After the “debt brake” has failed, the President of the Chamber of Commerce Christoph Leitl, Finance Minister Fekter and the Federal President Fischer criticize the three opposition parties.
December 6, 2011
Immofinanz-CEO Zehetner Expects Reduced Finance Costs
Due to lower interest rates and depreciations of foreign currencies in the CEE region, the Austrian real estate company will have low refinance costs, Zehenter says.
December 5, 2011
Opposition Not Convinced: „Debt Brake“ Fails
The Austrian government´s plans to introduce a “debt brake” in the constitution has failed. The three opposition parties are against the idea.
December 5, 2011
Kaufhof: Benko Is Preferred
According to the seller, the German Metro Group, the Austrian real estate investor has good odds. Benko will submit a binding offer soon.
December 5, 2011
Ambitious Restructuring Plans for S&T
After serious troubles in 2010 and 2011, the Viennese software consulter should leave the red zone next year. The new CEO, Hannes Niederhauser, is cautiously optimistic.
December 5, 2011
Up to 3.36% Salary Increase for Civil Servants
Salaries for Austrian civil servants will increase by 2.68% to 3.36%. The government and the union came to an agreement on Sunday.
December 5, 2011
Austrian Industry Supports Audit Court
For the Federation of Austrian Industries (IV), the administration has to be reformed immediately. Future investments are needed instead of administrative expenses.
December 5, 2011
UK Court Freezes Assets of Kohn
A British judge froze funds of 27m pounds (€ 31.4m) of the Austrian former investment banker Sonja Kohn, who is accused to have participated in Bernard Madoff´s frauds.
December 3, 2011
OMV Raises Oil Production in Libya
The Austrian oil and gas company OMV receives already about 50% of the pre-war volume. However, a full recovery will need another twelve months.
December 3, 2011
Porr Considers Capital Increase
In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.
December 3, 2011
Wiedeking Joins Benko’s Signa Holding
The German manager becomes a member of the Austrian real estate group’s advisory board.
November 30, 2011
Management Board Salaries Increased by 13.2% in 2010
Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.
November 29, 2011
Austrian Post Intends to Grow through Acquisitions
CEO Georg Pölzl wants to invest € 100m in Eastern and Western European markets. The dividend might be raised to € 1.65 per share.
November 29, 2011
Austria to Pay for Failing Kyoto
By 2014, Austria will have to pay penalties because of the missed Kyoto targets. Payments could amount up to € 1.0bn.
November 28, 2011
Benko Puts Pressure on Kaufhof
The Austrian real estate investor René Benko presents his growth program and wants to outbid his rival, the U.S. investor Berggruen.
November 28, 2011
Austrian Tourism Industry is Cautiously Optimistc
The Austrian Minister of Economic, Reinhold Mitterlehner considers that the tourism industry has learned to deal with an economic crisis.
November 28, 2011
Civil Servants Claim 3.9% Salary Increase
Negotiatons between the Austrian government and the trade union for civil servants did not bring an agreement.
November 26, 2011
Investigations Against Benko
The Austrian real estate investor Benko is suspected for money laundering. Benko denies and sees a link to the Kaufhof-deal.
November 26, 2011
Treichl to be Confirmed as CEO
Erste Group´s CEO Andreas Treichl will extend his function at the Austrian major bank.
November 26, 2011
Austrian Government Pushes for Further Austerity Measures
The Minister of Finance, Maria Fekter, did not exclude an austerity package. First effects should be seen already in 2012. However, it is not clear yet if economic forecasts for the next year will hold.
November 26, 2011
Pecik Now Owns 15% in Telekom Austria
The Austrian investor has bought additional shares in the telecommunication group, making him the second largest shareholder.
November 25, 2011
Financial Market Authority Terminates Inquiry Against CEO of Erste Group
The head of the Austrian bank group had been accused of balance sheed fraud. A second investigation for alleged market manipulation is still ongoing.
November 24, 2011
FCC Acquires Remaining Shares in Alpine
Supervisory board chairman Aluta-Oltyan will sell his 20% stake in Austria’s second largest construction company to the Spanish majority owner.
November 23, 2011
Leitl Promotes Exports to BRICS-Countries
The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.
November 22, 2011
Fekter Optimistic to Hold AAA-Rating
Austria's Finance Minister expressed confidence on Tuesday that the country would hold on to its AAA sovereign rating.
November 22, 2011
Austrian Minister of Economics Criticizes Hungary
On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.
November 21, 2011
A-Tec: Investigations Against Kovats
Investigations by the Austrian Public Prosecution Authority against the CEO of A-Tec, Mirko Kovats, proceed. The suspicions are massive.
November 19, 2011
Voestalpine Cuts Production
For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.
November 19, 2011
Felderer Pleads for Pay Freeze for Civil Servants
The head of the Austrian Institute of Advanced Studies (IHS), Bernhard Felderer, suggests to stop the salary increase for civil servants next year.
November 19, 2011
Jobs to be Cut at Bank Austria
After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.
November 15, 2011
Sharp Criticism Against Felderer
The head of the Viennese Chamber of Labor, Werner Muhm, attacks the director of IHS, Bernhard Felderer. His economic forecast is “propaganda of fear”.
November 12, 2011
Spindelegger: Cost Cuts and Privatizations to Save Triple-A
Annual interest payments would grow by € 3bn if Austria was downgraded by one notch.
November 11, 2011
Changes in the Board of Budapest Stock Exchange
Michael Buhl takes over as CEO in addition to his functions at the Vienna Stock Exchange and the CEE Stock Exchange Group.
November 11, 2011
Felderer: “Austria’s Triple-A at Risk”
The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.
November 9, 2011
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