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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
Change in Leadership at Bank Austria
Paolo Fiorentino, has been elected as Chairman of the Supervisory Board of Bank Austria. Francesco Giordano will act as future Chief Financial Officer.
January 22, 2011
EU: New Early Warning System Against Financial Market Risks
Two Austrian officials point out the relevance of the new institution, which will particularly benefit Austria.
January 21, 2011
EnBW Intends to Expand Engagement in Austria
The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011
voestalpine: Increased Employee Participation Possible
For the CEO of the Austrian steel group, Wolfgang Eder, the increase of the participation from the current 13.3% to around 16% is envisaged.
January 21, 2011
New CFO for Vienna Insurance Group Slovakia
Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer
January 21, 2011
Viennese Economic Chamber Demands Tax Relief for SMEs
The President of the Viennese Economic Chamber, Brigitte Jank, presents a three-stage relief model for small and medium-sized enterprises.
January 20, 2011
Pröll is Against the Extension of the Euro Shield
The Austrian Finance Minister, Josef Pröll (ÖVP), called for stricter budget discipline and pronounces himself against a more extensive rescue shield
January 20, 2011
Hypo Group Purchase by BayernLB was "unrealistic"
The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.
January 20, 2011
WKÖ Expects further Rise in Energy Prices
Due to the economic recovery, the Austrian Economic Chamber forsees further increases in oil prices. However, there also exists some saving potential.
January 20, 2011
Vienna International Airport: +8.7% Passengers During 2010
The strongest increase has been recorded in passenger traffic to Eastern Europe and to the Middle East. For 2011, the company expects a 5.0% increase.
January 20, 2011
Demand to Unburden Business Founders
The Austrian Economic Chamber demands the creation of tax and corporate law unburdening for company founders.
January 19, 2011
Oberbank is Expanding
Oberbank boss Franz Gasselberger has big plans. The branch network will be expanded this year by eight new branches to 150. The banker’s focus of expansion is Vienna.
January 19, 2011
Reform Backlog Prevents Austria Being a Success Model
The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.
January 19, 2011
The Hypo Group and its Consultants
In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.
January 18, 2011
Federation of Trade Unions Calls for "Tax Justice"
A new debate is sparking off in Austria, and possibly also a tax reform. The Gewerkschaftsbund (ÖGB, Federation of Trade Unions) wants workers to be tax-unburdened.
January 18, 2011
Bank Taxes: „Job Cuts or Price Increase”
According to Michael Ikrath, bank representative of the “Sparkassen”, the new charges for Austrian banks are the highest in Europe.
January 17, 2011
Treichl: Massive Criticism on Austrian Government
Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.
January 16, 2011
New Charges against Ruttenstorfer
The chairman of Austria's OMV is accused of market manipulation because of an interview.
January 14, 2011
New Perspectives for Nabucco
The European Commission wants to commit Azerbaijan to supply gas to Europe. This is expected to be done via the Nabucco pipeline.
January 14, 2011
Bawag and Post Share 520 Branches
Investments in the common branch network of the Austrian Post and the U.S. fund Cerberus owned Bawag are running.
January 14, 2011
Austria's Trade Deficit with China Shrinks
Thanks to the rising export figures, the trade deficit in the traditionally negative balance with China is declining.
January 13, 2011
Harsh Criticism of Government by Junge Industrie
Junge Industrie (Young Industry) an interface organization of the Industriellenvereinigung (Industrialists’ Federation) criticizes particularly the pension policy.
January 13, 2011
WKÖ endorses policy of the European Commission
The Austrian Economic Chamber welcomes the focus of the EU Commission on structural reforms, consolidation of public finances and competitiveness.
January 13, 2011
CA Immo Expects Sharp Rise in Earnings
After a major expansion, the Vienna-based real estate company´s assets stand at above € 5.0bn. The annual growth rate has exceeded 30% since 2005.
January 12, 2011
Rapid Increase in Exports to Emerging Markets
The Austrian export economy can benefit massively from the solid demand from Asian and South American emerging markets.
January 12, 2011
New Controversy over the Hypo Group
According to the investigators, there would be no connection between the Austrian bank and Gribkowsky, the former member of the board of BayernLB
January 10, 2011
Austrian Tourism Operators Continue to Invest Heavily
Investment in the tourism business is estimated at € 5.0bn for 2011. The previous year’s level will therefore be maintained.
January 10, 2011
EVN Elects New Supervisory Board
The majority shareholder of the Austrian energy company EVN submitted a proposal regarding the new supervisory board elected on January 20.
January 10, 2011
Immofinanz Group: New Head of Developments Commercial
The Immofinanz Group announces the appointment of Ralph Bezjak, 43, who has recently taken on the position of Head of Developments Commercial.
January 10, 2011
Recovery in Austria´s Labor Market Continues
The domestic labor market´s data for 2010 were better than expected. The number of job-seekers declined by 3.7%
January 8, 2011
Volksbanken Profitable Again
The Austrian Volksbanken Group generated profits in 2010. The state’s money should be repaid this year.
January 7, 2011
Demands for Financial Transactions Tax
The Chairman of the Austrian Provincial Governors’ Conference, Josef Pühringer, demands the introduction of a pan-European financial transactions tax.
January 7, 2011
Management Change at IBM Austria
Tatjana Oppitz is the new Director-General at IBM Austria, replacing Leo Steiner.
January 7, 2011
Suspicion on Money-Laundering at Hypo Group
Money transfers between the Carinthian Bank, Switzerland, Liechtenstein and the Caribbean are currently being checked extensively by the judiciary.
January 7, 2011
Former Member of the Board of BayernLB Arrested
Gerhard Gribkowsky, whose foundation in Austria was concealed to the German judiciary and is now known, is in custody
January 5, 2011
Black Economy is still Difficult to Control in Austria
About 14% of the economic product evades the Treasury in the Austrian economy, but experts say the trend is declining again.
January 5, 2011
Hypo Group: Little Enlightment Expected from Grasser and Berlin
The Chairman of the Inquiry Committee on the Hypo Group expects little gain of information by the summons of Karl-Heinz Grasser and Tilo Berlin.
January 4, 2011
Special Tax: Hungary Under Fire
Especially the Austrian economy criticizes the Hungarian special tax on large companies. The EU Commission has already started an investigation.
January 4, 2011
Kneissl: Insolvency Seems Inevitable
The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.
January 3, 2011
Secret Foundation of BayernLB in Austria
In the hearings on the purchase of Austria's Hypo Group, a former Member of the Board of BayernLB concealed the existence of a foundation in Austria.
January 3, 2011
Austrian Federal Railways Needs € 400m
Christian Kern, CEO of the Federal Raiways (ÖBB), backed up his call for a capital increase.
January 3, 2011
Leitl Urges Implementation of Reform Plans
The President of the Austrian Economic Chamber shows himself pleased by the economic data 2010 and urges the continuation of educational and administrative reforms.
January 3, 2011
13 CEOs Call For Sanctions Against Hungary
Because of the new taxes introduced by the Hungarian government, a group of prominent European CEOs call for EU-sanctions.
January 2, 2011
Austrian Unemployment Further Declines
Unemployment numbers go down specifically in the production sector. Long-term unemployment also declines over average.
January 2, 2011
Red Bull Massively Invests in Upper Styria
The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.
January 1, 2011
Drastic Job Cut at ÖBB
The Austrian Federal Railways cuts 650 posts at its freight division Rail Cargo Austria (RCA).
January 1, 2011
RLB OÖ Records Substantial Growth
Raiffeisenlandesbank Oberösterreich experiences a 11.8% increase in operating profits. Cost-Income ratio further decreases.
December 31, 2010
Austria's Minister of Social Affairs Wants to Extend the Years of Employment
Rudolf Hundstorfer wants to see older workers work longer, and is trying to get the consensus of businesses.
December 31, 2010
State Secretary for Finance: Euro-bonds as a Medium-term Strategy
The Austrian State Secretary for Finance, Andreas Schieder, does not discard Euro-bonds, against the majority view of German and Austrian politicians.
December 31, 2010
Profit Warning at S&T
The Q4 data of the Austrian software consulting company show negative operational results.
December 31, 2010
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