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Retirement Plan: „Austria is Negative Example“
The Federation of Austrian Industries (IV) argues that Austria would be a negative example for the sustainability of the retirement plan. Early retirements should be limited, IV claims.
February 17, 2012
Cernko Against „Talking Down Austrian Banks“
Bank Austria´s CEO is strictly against an undifferentiated view on CEE-countries. Austrian banks with an exposure in the CEE region shall not be talked down.
February 17, 2012
Siegfried Wolf Enters Sberbank
The Austrian national and executive at Magna in Russia becomes President of VBI´s supervisory board.
February 16, 2012
Cernko: „Triple A Only in the Medium Term“
Bank Austria´s CEO Willibald Cernko does not think that Austria re-gains its “AAA” status within the next three years.
February 16, 2012
Leitl Pushes for Reforms
The President of the Austrian Chamber of Commerce appreciates that actions worsening the Austrian business location conditions were prevented.
February 15, 2012
Vienna Airport to Cut Personnel Costs
The Vienna International Airport aims for reducing personnel costs at the new terminal “Skylink”.
February 15, 2012
„Financial Transaction Tax Could Cause Recession“
According to the CEO of Vienna Stock Exchange, Michael Buhl, a financial transaction tax would cost productivity at enterprises.
February 14, 2012
Rasinger: „Telekom Austria Needs New Executives“
The spokesman of Austrian retail investors, Wilhelm Rasinger, wants to change Telekom Austria´s management, which are “untroubled”.
February 14, 2012
Moody's Put Austria on Warning
The Austrian “AAA” rating has been confirmed by the U.S. rating agency. However, credit-watch is put on “negative”.
February 14, 2012
Kapsch to Succeed Sorger
The Viennese industrialist Georg Kapsch (52) is said to succeed Veit Sorger (69) as President of the Federation of Austrian Industries (IV).
February 13, 2012
Substantial Growth for ING DiBa
The Dutch Bank Group achieved a 12% growth in customers in Austria. Deposits were up by 9.5%.
February 13, 2012
Doubt and Criticism on Austerity Package
For the director of IHS, the austerity measures do not contain real reforms. The implementation could become difficult. Administration reforms and health system reforms are too low, observers say.
February 13, 2012
Bank Austria Writes Off Greek Bonds
The Austrian subsidiary of the Italian UniCredit Group has to write off Greek sovereign bonds by € 100m.
February 13, 2012
Austerity Package Has Lack in Structural Reforms
The industrialists regard the Austrian austerity package even-tempered. WIFO misses structural reforms.
February 11, 2012
Austrian Government Presents € 27bn Austerity Package
The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.
February 11, 2012
AUA to be Re-Sold?
Rumors on Austrian Airlines do not end. A sale by Lufhansa is discussed, even the insolvency is not excluded.
February 9, 2012
Oettinger Expects Succesful Contracts Over Gas Deliveries
The EU-Commissioner for Energy, Günther Oettinger, anticipates that Azerbaijan will close contracts over natural gas deliveries within the coming months.
February 8, 2012
CEO of PlusCity Increases Engagement in Croatian Westgate
Ernst Kirchmayr, CEO of the Upper-Austrian shopping center has raised his stake in the Zagreb-based shopping center “Westgate”.
February 8, 2012
Keuschnigg to Succeed Felderer
Christian Keuschnigg will succeed Bernhard Felderer as director of the Austrian Institute of Advanced Studies (IHS) in June.
February 8, 2012
CA Immo Brings an Action Against Grasser
The former Minister of Finance, Karl-Heinz Grasser, faces a lawsuit by the Austrian real estate company. CA Immo claims € 200m.
February 7, 2012
Leitl Pushes Investments in Colombia
For Christoph Leitl, the President of the Austrian Chamber of Commerce, Colombia is the entry to South America for European companies.
February 7, 2012
Zielpunkt Gets New Owner
MBO at the Austrian supermarket chain: CEO Jan Satek takes over the company and wants to focus on local supply.
February 7, 2012
OMV: New Executive Board Member for Gas and Power Segment
Hans-Peter Floren to succeed Executive Board Member Werner Auli . Supervisory Board Chairman Markus Beyrer is “delighted with the highly qualified appointment”.
February 6, 2012
Emirates: Antinori Wants AUA´s Staff to Switch
The head of marketing at Emirates, Thierry Antinori, wants dissatisfied employees at AUA to change to Emirates.
February 6, 2012
Intercell Plans to Achieve Turnaround in 2014
The Vienna-listed pharmaceutical company Intercell expects to return to the profit zone in 2014.
February 6, 2012
Government: Dispute Over Pensions
The Austrian government parties SPÖ and ÖVP disagree over contributions by retirees. The austerity package is far from being resolved.
February 6, 2012
Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“
For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.
February 6, 2012
Pecik Aims for Reaching Blocking Minority
The Austrian investor Ronny Pecik intends to re-organize the supervisory board. Nevertheless, operating functions are not targeted.
February 4, 2012
Sorger „Focusing on Business Location“
The President of the Federation of Austrian Industries, Veit Sorger, reaffirmed the strengthen Austria´s economic competitiveness.
February 4, 2012
Support for AUA´s Management
Christoph Leitl, President of Austrian Chamber of Commerce (WKÖ), shows support for the management of Austrian Airlines.
January 31, 2012
Austerity: ÖVP Becomes Impatient
Negotiations between the coalition partners SPÖ and ÖVP are going on. ÖVP´s chairman Spindelegger locates an “incredibly big need of consolidation”.
January 31, 2012
FPÖ Wants Cuts in Spendings
The biggest Austrian opposition party suggests reducing public expenditures in order to reduce the budget deficit. Chairman Strache calls for a “subsidy brake”.
January 30, 2012
Felderer Attacks Austrian Government
The head of the Austrian Institute of Advanced Studies fiercely criticizes Austrian politicians. Felderer claims to put effort in the restructuring of public finance.
January 30, 2012
New Management Board Member at RBI
Raiffeisen Bank International: Klemens Breuer starts in mid-April. Patrick Butler chooses to resign his mandate.
January 30, 2012
Hypo Group´s Result „Close to Zero“
CEO Gottwald Kranebitter announced that Hypo Group Alpe Adria could reduce its losses significantly in 2011.
January 30, 2012
Al Jaber Owns Kneissl Again
The insolvent ski manufacturer Kneissl will be owned by the Arab investor Al Jaber again. Creditors approved to a 20% quota.
January 28, 2012
VKB Records Rise in Results
The regional bank VKB´s operating result improved by 9.0%.
January 28, 2012
Romanian President Appreciates Erste Group´s Decision
Traian Basescu, President of Romania, is pleased with Erste Group´s announcement to continue its business in Romania.
January 28, 2012
Stepic: „Reaching AAA Again Is Possible“
RBI´s CEO Herbert Stepic thinks that due to the strength of Austria´s real economy, re-gaining the triple A is possible within the next years.
January 28, 2012
Austerity: Leitl and Sorger Call for More Effort
The Presidents of the Federation of Austrian Industries (IV) and the Chamber of Commerce (WKÖ) aim for re-gaining the “AAA” for Austria. The government should cut expenses instead of rising taxes.
January 27, 2012
RBI´s CEO Expects € 60m Losses in Hungary
Herbert Stepic, CEO of Austrian Raiffeisen Bank International, emphasizes to stay in Hungary. The foreign currency debt conversion causes severe losses.
January 26, 2012
Austrian Economy: Slowdown, But No Recession
The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.
January 26, 2012
S&P Downgrades Austrian Provinces
The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.
January 26, 2012
Treichl: „S&P Errs Sometimes“
Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.
January 25, 2012
Scharinger: „Rating Agencies Are Instruments of Torture“
The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.
January 24, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
Strache Claims Cut in Subsidies
The chairman of the Austrian opposition party FPÖ criticized the government fiercely for its fiscal policy.
January 23, 2012
Leitl: „Croatians are Most Welcome“
The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.
January 23, 2012
Central Bank Act: Orban Gives In
Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.
January 21, 2012
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