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„Austrian Telecommunication Market Is Damaged“
The new CEO of T-Mobile Austria Andreas Bierwirth wants to cut costs drastically. The profitability of the telecommunication industry would suffer from the decreasing prices.
October 17, 2012
Alpine: CEO Dotter Resigns
The management of the financially stricken Austrian construction group reshuffles. The holding company FCC decided to change the management.
October 17, 2012 · Updated: October 17, 2012; 19:15
Voestalpine: Eder Does Not Exclude to Leave Austria
Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.
October 15, 2012
Androsch: „AT&S Under Double Pressure“
In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.
October 15, 2012
Klaus: “Nobel Prize for EU is a Mistake”
The Czech President Vaclav Klaus criticizes the decision of the Nobel Prize Committee. For him, the decision is a “joke”.
October 13, 2012
Austrian Industry Reaffirms: „We need structural reforms”
The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.
October 13, 2012
Voestalpine: No Investments in Europe
Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.
October 12, 2012
Stepic: “Must Reduce Lending in CESEE”
The CEO of Austrian RBI (Raiffeisen Bank International) Herbert Stepic explains that new lending in Eastern Europe must be reduced substantially.
October 11, 2012
Austrian Post: New Supervisory Board President Elected
Rudolf Kemler was appointed as new chairman of the supervisory board.
October 11, 2012
Andritz is Concerned About China
The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.
October 10, 2012
Orban Rejects Joining Eurozone
The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.
October 10, 2012
Fekter Happy With Financial Transaction Tax
Austrian Finance Minister Maria Fekter: "We have only created the on-ramp to the highway – details and structure to follow by Christmas“
October 10, 2012
Rudolf Kemler New Supervisory Board President of OMV
Result of OMV‘s Extraordinary General Meeting 2012: The chairman of ÖIAG (Austrian Industrial Holding) was elected as a member of the Supervisory Board.
October 9, 2012
„Nabucco Is not Dead at All“
The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.
October 9, 2012
Flat Tax in Austria?
The Austrian opposition party presented a “fair tax” model. The other parties criticized the proposal fiercely.
October 6, 2012
Savers Must Pay for Debt Crisis
At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.
October 6, 2012
Poland´s Komorowski: “Strong Swiss Franc Causes Problems”
On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.
October 5, 2012
Fekter Appeals on Banks to Prevent Credit Crunch
Banks should be more creative in financing the real economy instead of creating new financial products, she says.
October 5, 2012
Mitterlehner: „No Economic Stimulus Package“
Austria´s Minister of Economics rejects another stimulus package for the Austrian industrial sector. The budgetary situation would not allow that, he says.
October 4, 2012
Eastern Europe Remains Austria´s Future Region
The Austrian economist Christian Keuschnigg thinks that the opening of Austrian companies toward Eastern Europe was a “highly favourable event”.
October 4, 2012
Fekter Rejects Deposit Protection in EU
At the Alpbach Financial Symposium, Austria´s Minister of Finance Maria Fekter underlined to reject the European deposit protection.
October 4, 2012
Poland´s National Bank Holds Interest Rate
After analysts expected that the Polish NBP cut the interest rate, the decision to hold the rate at 4.75% came as a surprise.
October 4, 2012
Slovakia Abolishes Flat Tax
Because of the austerity pressure, Slovakia gives up its flat tax. The corporation income tax rate increases to 23% from 19%.
October 3, 2012
„Austria Does Not Need Shale Gas“
Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.
October 1, 2012
Austrian Budget Targets Will Not Hold
In August, Finance Minister Maria Fekter underlined that the budget deficit will not exceed 2.9% of GDP. Due to the banking package, the budget deficit will be higher, though.
October 1, 2012
Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
Lenzing: Mandate of CEO Untersperger Confirmed
The Austrian fiber producer extends the management board mandate of Peter Untersperger until 2016.
October 1, 2012
Fekter Against Property Taxes
The Austrian Minister of Finance Maria Fekter (ÖVP) would support an income tax reform. Property taxes would not be acceptable, she says.
September 29, 2012
Stronach Calls For 25% Flat Tax
The Austrian industrial and new party leader Frank Stronach wants a radical tax reform.
September 29, 2012
Klaus: Exit Will Not Destroy Eurozone
The Czech President Vaclav Klaus says that a reduction of the member states will not destroy the Eurozone.
September 27, 2012
Telekom Austria: Acquisition of „Yesss!“ Uncertain
In an interview with „börseexpress“, Telekom Austria´s CFO Hans Tschuden explains that the takeover of Orange´s discount brand “Yesss!” must be re-considered.
September 27, 2012
Austrian Central Bank Looks for New Governor
Next year, the mandates of the board of directors are expiring. Ewald Nowotny is said to be re-elected in his current position.
September 27, 2012
Anzengruber: „Withdrawal from Turkey is no Issue Yet“
Wolfgang Anzengruber, CEO of the Austrian energy company Verbund, emphasizes that Turkey is a future market.
September 27, 2012
Spindelegger: "Political progress more urgently needed than ever before"
Austria´s Minister of Foreign Affairs meets President of the Palestinian National Authority Abbas and the Foreign Ministers of Tunisia and the United Arab Emirates in New York.
September 27, 2012
Stronach Founds New Party: „Historical Event“
The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.
September 27, 2012
Poland: Joining Eurozone After Crisis
For the governor of the National Bank of Poland Marek Belka, entering the Eurozone is conceivable as soon as the Eurozone has recovered.
September 25, 2012
Austrian Elections 2013: Stronach Confirms Candidacy
This week, the former CEO of Magna Frank Stronach will present the program of his party. The name of the party is not fixed yet.
September 25, 2012
Waiglein Becomes Director of ESM
Austria´s Minister of Finance Maria Fekter mandates Harald Waiglein as member of the board of directors.
September 22, 2012
Austrian Industry Claims Tax Cut
The Federation of Austrian Industries (IV) wants a tax relief. In the coming years, the tax quota should be reduced to 38%.
September 20, 2012
„Turkey has a Right of being a EU Member“
On the occasion of a visit in Vienna, the Turkish Minister of Economics Zafer Caglayan complains about the “disingenuous manner” of the EU towards Turkey. In the end, only Turkey will decide on the accession.
September 19, 2012
Fekter: “Spanish Banks Need € 60bn”
According to Austria´s Minister of Finance Maria Fekter, the European Union focuses on Spain. A Greek exit would be no issue anymore.
September 18, 2012
Banking Supervision: Nowotny Warns of Over-Ambition
According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.
September 18, 2012
Klaus: Czechs Against Banking Union
The Czech President notes that the Czech Republic cannot achieve anything without a recovery of the European economy. However, it would be advantageous to stay outside the Eurozone.
September 18, 2012
„Situation in Slovenia is not so Dramatic“
Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the economic situation in Slovenia is under control.
September 18, 2012
Bulgarian President Wants to Attract Austrian Investors
On the occasion with a meeting between the Bulgarian President Rosen Plevneliev, the Austrian President Heinz Fischer and Lower Austria´s governor Erwin Pröll, Plevneliev underlined the importance of Austrian investors for Bulgaria.
September 17, 2012
Semperit Announces Changes of Management Board
Richard Stralz to leave the Management Board effective November 30, 2012.
September 17, 2012
Eder Calls for Cut in Steel Production
The CEO of the Austrian steel producer voestalpine asks the European Union to introduce a controlled reduction of the steel production. The overcapacities would cause lower prices, Eder argues.
September 17, 2012
Poland Rejects Joining Banking Union
According to Poland´s Minister of Finance, a common supervision for banks is “not interesting”.
September 17, 2012
Nowotny: „Fiscal Union Still Far Away“
Ewald Nowotny, governor of OeNB (Austrain Central Bank) does not believe in a quick implementation of the fiscal union.
September 17, 2012
„Becoming Number Five Until 2015“
In an interview with the Austrian newspaper „Presse“, Uniqa´s CEO Andreas Brandstetter is optimistic to become a big player in the insurance industry in the CESEE region.
September 15, 2012
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