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Vienna International Community - Top Entrepreneurs - Latest Headlines
Read updated news about key entrepreneurs in Vienna's international community
WIFO Director: "Crisis was not Taken Advantage of to Introduce Reforms"
In an interview with the newspaper "Kurier", the head of the WIFO criticizes the lack of commitment to reforms. His perspectives for Austria are nevertheless optimistic.
December 30, 2010
Creditors Wish Kovat´s Retreat
The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.
December 30, 2010
Stronach Sells Shares to Magna
The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.
December 30, 2010
State Visit from Qatar in Austria
As part of a three-day state visit by the Head of State of Qatar, talks on economic topics are mainly planned.
December 29, 2010
Leitl Demands Reforms
The President of the Austrian Economic Chamber calls for more Government work in administration, health and education.
December 29, 2010
Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax
The CEO of Bank Austria, Willibald Cernko, was interviewed by the newspaper “Kurier”. He announced that Austrian Banks will call the Constitutional Court.
December 29, 2010
ATX Forecast 2011: High Yields, High Volatility
RLB Niederösterreich-Wien predicts a very good year for security investments and expects double-digit yields.
December 29, 2010
Spindelegger: Turkey's Joining the EU Will Not Happen Before 2024
In an interview with the "Wirtschaftsblatt", the Austrian Foreign Minister stresses the relevance of Turkey. Croatia should come into the EU much earlier EU.
December 29, 2010
Italian Support for Nabucco
The Italian power company Edison cooperates with the Nabucco gas pipeline project. The aim is to create synergies.
December 28, 2010
Chamber of Labor Calls for a More Equitable Distribution
Corporate profits on one hand and reduced working hours, dismissals and wage cuts on the other, are not compatible for the Chamber of Labor.
December 28, 2010
Meinl Bank Shows Losses
Due to the elimination of investments, Meinl Bank slips into the red zone. The loss amounts to € 37m.
December 28, 2010
Sanader Remains in Extradition Custody
Custody prior to extradition was imposed on the former Croatian Prime Minister Sanader. He complains about the "arbitrariness of the Croatian authorities".
December 28, 2010
Voestalpine: Franz Rotter taking over from Claus Raidl
Already on Monday 31st March 2010 the Supervisory Board of voestalpine AG appointed Mr. Franz Rotter to the Management Board of voestalpine AG, with effect from 1st January 2011.
December 27, 2010
Investigations Against Sanader Continue
The investigation of Austrian and Croatian authorities against the former Prime Minister of Croatia in the Hypo affair are being intensified. Many questions remain unanswered.
December 23, 2010
Hypo Group: Sanader Denies Payments of Commissions
The former Croatian Prime Minister Ivo Sanader, questioned in Salzburg, denies having ever received money from the Hypo Group.
December 22, 2010
AAA Rating Confirmed for Austria
The rating agency Standard & Poor’s; leaves Austria’s credit status unchanged.
December 22, 2010
Changes in Board of Bewag have been Completed
The energy supplier from Burgenland gets a new board after a seven-week long call for tenders.
December 22, 2010
Change in Magna´s Management
The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.
December 22, 2010
Leitl: Municipal Financial Problems Act as Growth Brake
The President of the Austrian Federal Economic Chamber (WKÖ), Christoph Leitl, demands greater spending efficiency in the public sector in order to improve municipal finances.
December 22, 2010
New Markets for Red Bull and Rauch
The Austrian Food companies Rauch and Red Bull open new distribution networks through the Croatian Atlantic Group.
December 21, 2010
Urgent Need for Capital at Austrian Banks
Walter Rothensteiner, Chairman of RZB as well as the Credit Division of the Economic Chamber, considers that domestic banks are under massive capital pressure.
December 21, 2010
ÖIAG: Sale of the Post and Telekom is possible
Peter Michaelis, the departing CEO of the Austrian state holding company (ÖIAG) is considering the sale of interest holdings.
December 20, 2010
Potential of Austria's Creative Industries
Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.
December 20, 2010
Higher Dividends at Telekom Austria
Telekom Austria Group Updates its Cash Use Policy and Provides Financial Outlook at its Capital Market Day.
December 20, 2010
Porr takes over TEERAG-ASDAG and starts reorganization
The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.
December 20, 2010
French SNCF Participates in Westbahn Project
The French National Railways acquire a stake of 25% in the Haselsteiner project.
December 17, 2010
Austrian Economic Chamber focuses Growth Market China
Minister of Economy Mitterlehner presented together with the President of the Economic Camber, Leitl, strategies for the export market China.
December 17, 2010
A-Tec Quota Too Low for Creditors
The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.
December 17, 2010
Austria's Tax Revenues are Higher than Expected
As the economy developed relatively well this year relatively, tax revenues increased. The deficit for 2010 might therefore turn out to be lower than planned.
December 17, 2010
Controversies About S&T Personnel
The chairman of the Vienna-based IT services provider, Thomas Streimelweger sues the supervisory board because of his dismissal, which he allegedly offered.
December 16, 2010
Accusations Against Sanader Grow Stronger
Many clues point to improper activities by former Croatian Prime Minister Ivo Sanader in connection with the Hypo Group.
December 16, 2010
Decline in sales at Siemens Austria
Sales have dropped by 20% but the profit situation is stable. Orders have improved by 14%.
December 16, 2010
voestalpine: Change in Executive Board
The Supervisory board has decided the succession of executive board member Mülner. His successor as head of the Railway Systems Division is Franz Kainersdorfer.
December 16, 2010
WKÖ: EU patent to stimulate Austrian innovation
The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.
December 16, 2010
Changes on the Management Board of Vienna International Airport
After several weeks of controversial discussions, the Supervisory Board announced Christoph Herbst as new CEO. He will succeed Herbert Kaufmann.
December 16, 2010
Austrian Economic Chamber is Against Euro-Bonds
Chamber President Leitl calls for an in-depth cooperation in economic policy instead of euro-bonds.
December 15, 2010
EVN: Changes in the Executive Board of EVN
The energy supplier located in Lower Austria announces the early retirement of Burkhard Hofer, member and spokesman of the Executive Board.
December 15, 2010
New Head for Bank Austria´s CEE Division
Gianni Franco Papa designated to head Bank Austria’s CEE operations. The experienced manager is responsible for the Group’s planned growth.
December 15, 2010
Skylink: Resignation of Executive Board or Supervisory Board
The Vienna Airport Skylink debacle is becoming a political issue. Staffing decisions have been made.
December 14, 2010
Madoff Affair: Accused Defend Themselves
The accused Sonja Kohn and Stefan Zapotocky defend themselves vehemently against accusations and allegations. Both are, according to the accusation, part of the Madoff system.
December 14, 2010
Demands against the Hypo Group Amount up to € 300m
The investigation team appointed for the Hypo Group has determined property damages for over 300m. This amount is the basis for eventual claims.
December 14, 2010
New Board Member at OMV
Supervisory Board of OMV: Manfred Leitner appointed to the OMV Executive Board with effect from April 1, 2011.
December 14, 2010
AUA: Signs of Strike
The staff is voting for strike measures. Protests are planned for after the Christmas holidays.
December 14, 2010
Contradictions about Sanader's Connection to Carinthia
The connection between the former Croatian Prime Minister Sanader and the Carinthian Hypo Group is multifaceted, but also full of contradictions.
December 14, 2010
Government Support for the Hypo Group
The Hypo Group is still far away the end of restructuring. Losses between € 700m and € 900m are expected for this year. The state gives a guarantee for 500m.
December 13, 2010
Austria Benefits from Low Loan Interest Rates
Because of low interest rates and spreads, Austria is able to get convenient financing on the loan market. Euro-bonds would mean significant costs for Austria.
December 13, 2010
Changes in Trend for the Austrian Labor Market
Imminent job cuts because of the uncertain business development.
December 13, 2010
Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy
Massive disadvantages for Austrian companies because of financing made more difficult are feared by the members of the of the Vienna Stock Exchange board, Michael Buhl and Heinrich Schaller.
December 13, 2010
Madoff Proceedings: Billion Lawsuit against Bank Austria
The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.
December 13, 2010
Economic Chamber: Positive Outlook for 2011
The Business Barometer presents both opportunities and risks for the Austrian economy. Shortage of skills and low investment continue being weak points.
December 13, 2010
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