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Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
ECB: Praet Succeeds Tumpel-Gugerell
The Belgian Peter Praet succeeds the Austrian Gertrude Tumpel-Gugerell as new member of the Executive Board of the ECB (European Central Bank).
February 15, 2011
SPÖ against expanding the ÖIAG
The expansion urged by Industrial Association and the ÖVP meets the resistance of the Social Democratic coalition partner.
February 15, 2011
Magna Pushes its Presence in Emerging Markets
The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.
February 12, 2011
Kovats Stays On as CEO of A-Tec
The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.
February 12, 2011
Lopatka Demands Structural Reforms and Budgetary Discipline
The State Secretary for Finance at the German-Austrian Financial and Economic Forum.
February 11, 2011
Serious Allegations Against Former AUA CEO
Sheikh Mohamed Al Jaber, who wanted to take over Austrian Airlines in 2008, considers himself to have been seriously deceived by the former management and raises accusations.
February 10, 2011
Jank: Vienna Leads in Company Start-Ups
Almost 8,000 enterprises founded in 2010, a quarter of all Austrian start-ups, comes from Vienna.
February 10, 2011
Hypo Group Changes Leadership in Slovenia
Both the Slovenian subsidiary bank and the leasing company will receive a new leadership for "restructuring reasons".
February 10, 2011
Property Restoration Provides Hopes for Growth and Employment
With the release of € 400m for thermal rehabilitation, five times as much is to be generated in sales. Up to 80% of this amount stays in Austria.
February 10, 2011
Burger is the New Chairman of the Vivatis Group
The food company, owned by RLB Oberösterreich obtains an industry expert with Armin Burger.
February 9, 2011
Eastern Europe Slows Siemens Austria Down
The pre-crisis level has not been reached yet, says CEO Hesoun. Public savings programs prevent the technology company's growth.
February 9, 2011
150 New Bank Austria Branches in Eastern Europe
The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.
February 9, 2011
Kneissl is Insolvent
Parts of the Austrian Kneissl group have started insolvency. Sheikh Al Jaber’s capital contribution did not take place.
February 8, 2011
Tension between ÖBB and ÖVP
The conflict over the finances of the Austrian State Railway between the ÖBB and the ruling ÖVP goes on.
February 8, 2011
Bank Tax is "untimely" for ÖVAG
The Austrian Volksbank Group's CEO, Gerald Wenzel, expects expenditure of € 40m due to the bank tax.
February 8, 2011
RBI Faces an Increase in Equity
The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.
February 8, 2011
Energie AG Plans Capital Increase
The Upper-Austrian energy company is to raise funds in order to realize further investment projects.
February 7, 2011
ÖBB CEO Kern Closes In on Politicians
The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, reacts angrily to accusations made by politicians.
February 5, 2011
WIFO Promotes Expansion of the State Holding
The Director of the Austrian Institute of Economic Research wants to concentrate all Austrian state-owned enterprises in the ÖIAG.
February 5, 2011
Eder Considers European Manufacturing Industry is at a Disadvantage
For the CEO of the Austrian steel company voestalpine, the European manufacturing industry is at a disadvantage, despite innovative leadership.
February 5, 2011
Change in the Management Board of RHI AG
Henning Jensen, previously CFO, becomes CEO of the Austrian refractories company.
February 5, 2011
Austrian Foreign Trade Figures Rising Strongly
From January to November 2010, Austrian foreign trade grew substantially. Imports and exports increased by 15.8%
February 5, 2011
Oettinger Increases Pressure on OMV
In an interview with the daily newspaper "Presse", the European Commissioner for Energy considers that OMV must move now regarding Nabucco.
February 4, 2011
Leitl Urges to Invest in the Future
Despite consolidation needs, the government has to invest more in education, research and innovation, says the President of the WKÖ.
February 4, 2011
Manufacturing Industry on the Rise
The economic barometer of the Federation of Austrian Industries (IV) grows. Production increase and stable employment are expected.
February 4, 2011
Mitterlehner Wishes to Push SMEs and Venture Capital
The Austrian Minister of Economy launches an initiative with the aim of doubling the venture capital of Austrian companies to € 400m.
February 4, 2011
The Westbahn Complains Because of ÖBB-Subsidies
In December, the new “Westbahn” (Western Railway) will start competing with the ÖBB (Austrian state railways) which are allegedly being privileged by the government.
February 3, 2011
Industrial Association: Internal Solution for Succession
After the departure of Markus Beyrer, Christoph Neumayer as Secretary General and Peter Koren will lead the Austrian Industrial Association (IV).
February 3, 2011
National Bank Warns against Foreign Currency Loans
According to the governor of the Österreichischen Nationalbank (OeNB, Austrian National Bank), Ewald Nowotny, the sum of pending foreign currency loans in Austria is € 54bn.
February 3, 2011
Privatizations Could Raise up to € 24bn on Vienna Stock Exchange
Especially the privatization of public infrastructure and energy companies could increase the market capitalization of the Vienna Stock Exchange considerably.
February 3, 2011
Leitl Demands Support for Brenner Tunnel
The President of the Austrian Economic Chamber considers the Brenner Tunnel infrastructure project as crucial for the business location Austria.
February 2, 2011
ÖIAG: Markus Beyrer is the New Chairman
The so far Secretary General of the Industriellenvereinigung (Industrial Federation), Markus Beyrer, is Peter Michaelis’s successor on the board of the ÖIAG.
February 2, 2011
Declining Unemployment in Austria
Uunemployment could be reduced by 4.3% even in the traditionally for the labor market difficult winter months.
February 2, 2011
Miba AG Expands Management Board
Norbert Schrüfer will be appointed CEO of Technologies Group. F. Peter Mitterbauer, Jr., will take over the position of CEO of the Miba Friction Group.
February 2, 2011
Austrian Retail Trade Accelerates Economic Upward Trend
In 2010, the Austrian retail trade rose by 4.0%. Thus, this figure represents the highest retail trade growth since the 1990s.
February 2, 2011
AvW Trial: Eight Years in Prison
An 8 years imprisonment sentence was imposed on the founder and CEO of AvW Group, Wolfgang Auer-Welsbach,
February 1, 2011
Austria's Budget Deficit is at 4.1%
Although the budget deficit is lower than expected, but the official national debt could increase considerably due to the ÖBB.
February 1, 2011
Skylink: Judicial Investigations are Presently being Conducted
The final report of the Audit Court on the Vienna International Airport Skylink project has been submitted. Criticism is devastating. Criminal investigations are starting.
February 1, 2011
Member of the Board of the Stock Exchange to be Scharinger's Successor?
Heinrich Schaller, Member of the Board of the Vienna Stock Exchange is considered as favorite to succeed the longtime CEO of Raiffeisen Landesbank OÖ.
February 1, 2011
Billions in Investments are Necessary in the Telecommunications Industry
Investments for three to four billion euro are required by the Austrian network technology according to Karim Taga (AD Little).
January 29, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Polytec: CEO Reduces own Shares
Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.
January 29, 2011
Strabag: Russia as Growth Driver
For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion
January 28, 2011
Ruttenstorfer Acquitted
The trial against Ruttenstorfer, CEO of the Austrian oil company OMV took place yesterday. Ruttenstorfer had been charged for insider trading.
January 28, 2011
Leitl Welcomes Medvedev's Idea for a European-Russian Economic Area
Closer cooperation between the EU and Russia would "stabilize economic and social development". Austria's foreign trade with Russia is flourishing.
January 28, 2011
Meinl Bank Continues to Claim Default of Atrium
Meinl Bank: „Atrium zahlt Meinl Bank states: "Contrary to their own announcement Atrium is not paying back the 10.75% convertible bond". Cross default risk remains upright
January 28, 2011
Verbund: Two Board Posts Vacant
The Austrian energy company advertises two executive board posts.
January 28, 2011
New Heads of Credit Risk Management at Bank Austria
Heinz Tschiltsch new head of CEE Credit Operations, Harald Brückl responsible for Special Credit Austria department.
January 28, 2011
WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China
The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.
January 27, 2011
Strong Sales Growth for DiTech
Net sales for the in-house production PC stores increased by 31% to € 96.2 m. 38.3% of sales are generated online.
January 27, 2011
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