Sponsored Content
Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
Renewable Energy: Great Potential, but Halted by Politicians
The Umweltdachverband (UWD, Environmental Federation) criticizes sharply the energy policy of the Austrian Government. Investments are made mainly in obsolete technologies
November 29, 2010
ÖBB-CEO Kern Reconstructs Freight Division
After the decisions made about personnel, Kern wants to make the freight division profitable again. The group’s CEO has accorded himself three years for the process.
November 26, 2010
Is the Austrian Industry still competitive?
The chief economist of the Industriellenvereinigung (IV), Christian Helmenstein, draws a sobering picture on the future of the domestic industry.
November 26, 2010
WKÖ’s Secretary General Advocates for Educational and Administrative Reform
Young people have to be trained practically to meet the challenges of the future. An administrative reform should not be foregone, said Hochhauser.
November 25, 2010
Leitl Vehemently Asks the Government for Structural Reforms
The President of the Austrian Economic Chamber (WK), Christoph Leitl, call on the government for location and future investments.
November 25, 2010
ÖBB: Changes in Freight Traffic Leadership
Because of poor results, the ÖBB CEO has to act on facts: The managers of the freight division are being replaced.
November 25, 2010
OMV Supervisory Board: Confirmation of Ruttenstorfer as CEO
Being accused to insider trading, the other members of the board as well as the supervisory board demonstrated to have confidence in CEO Dr. Wolfgang Ruttenstorfer.
November 25, 2010
Walter Grahammer Becomes the New Austrian Ambassador in Brussels
Previously, Grahammer acted as Head in the Ministry of Foreign Affairs.
November 24, 2010
Audit Court: Capital Increase for Vienna Airport
The Audit Court criticizes the Board again and advises a capital increase. The personal consequences may be tougher than expected yet.
November 24, 2010
AMS: Temporary Employment Will Continue to Rise
The Chairman of the Board of the AMS (Public Employment Service), Johannes Kopf, believes that the international trend of increasing temporary employment will also take root in Austria.
November 24, 2010
Management Board of UNIQA Versicherungen AG as of 1 July 2011
The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.
November 23, 2010
CEO Streimelweger leaves S&T
After the difficulties of recent months CEO Thomas Streimelweger is leaving the Vienna Stock Exchange listed company.
November 23, 2010
Austria's Energy Consumption Falls
The energy consumption of Austria decreased in 2009 compared with the previous year by 4%. Mainly industry and transport reduced their consumption.
November 23, 2010
OMV's Supervisory Board Supports CEO Ruttenstorfer
The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.
November 23, 2010
Economic Chamber President Leitl Demands Financial Transaction Tax
There is consensus between the Presidents of the Economic Chamber and the Federation of Trade Unions.
November 23, 2010
Lufthansa-CEO Mayrhuber Moves to Infenion
Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.
November 23, 2010
IHS: Capital Gains Tax on Securities is Absurd
The introduction of the capital gains tax on securities would encourage speculation rather than contain it, says IHS (Institute for Advanced Studies) Director Felderer. Private investors are the victims
November 22, 2010
Audit Court: Massive Criticism of Vienna International Airport
The Court expects significantly higher costs for Skylink than the airport itself. There are personal consequences.
November 19, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey
UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 2010
Suspicion of Insider trading: Ruttenstorfer receives support
After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".
November 18, 2010
Indonesia and Austria Agree to Extend Cooperation
President Fischer officially visited the Islamic Republic Indonesia, which is of the most important future markets of the South Asian region for Austria.
November 17, 2010
Industry Welcomes EU Energy Infrastructure Package
Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.
November 17, 2010
A-Tec: New Hopes with Ronny Pecik?
Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.
November 17, 2010
WKÖ: China Overtakes the U.S. as the Most Important Overseas Austrian Trade Partner
The volume of foreign trade (exports and imports) with China in the second third of the year was 5.6 billion euro compared to 5.1 billion euro with the U.S.
November 16, 2010
Hypo Tirol Regroups
The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.
November 16, 2010
OeNB Governor Nowotny "During the Crisis, the Euro Acted as a Protection Shield Beyond the Euro Area"
The Governor of the Austrian National Bank, Ewald Nowotny warns to fiscal discipline and talks about economic challenges and opportunities in Europe.
November 15, 2010
Traffic Expenditures: € 4.3bn less
As a consequence of the new budget, public infrastructure projects are being reduced considerably. Postponed projects and low-cost alternatives will save money.
November 12, 2010
S&T Denies Bankruptcy Petition
The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.
November 12, 2010
It is Official: Coalition Between SPÖ and Greens in Vienna
Vassilakou becomes Deputy Mayor under Häupl. The program aims to have a recognizable green handwriting.
November 12, 2010
Leitl: Austrians Go into Retirement Too Early
Those who go into early retirement in Austria are rewarded. The government should create more incentives to retire later on in life.
November 10, 2010
Sharp decline in Creation of New Foundations
In particular, legal uncertainty and abolished tax advantages cause the creation of fewer foundations in Austria.
November 10, 2010
UniCredit CEO Ghizzoni: Counting on eastern growth
The eastern business should be expanded, says Ghizzoni, CEO of the parent company of Bank Austria.
November 10, 2010
Strong Growth of Austria's Export Figures
Growth in exports was 15.3% in the first eight months of 2010, mainly to emerging markets.
November 10, 2010
Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver
The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.
November 8, 2010
Union: Call After 40 weeks of Work per Year
The Union of Salaried Employees (GPA) presents a new working model.
November 5, 2010
Strabag: Time is Running Out for Deripaska
The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.
November 5, 2010
Vienna: Negotiations Between the SPÖ and the Greens Almost Concluded
The last major points are budget issues. Both sides are however optimistic of reaching an agreement.
November 5, 2010
Trichet Succession: The Austrian Nowotny Has Chances As Outsider
The European Central Bank (ECB) will appoint a new president in November 2011. The favorites are the German Axel Weber and the Italian Mario Draghi. But Nowotny has outsider chances.
November 5, 2010
Change of Leadership at Bewag?
According to reports, there are plans for a premature replacement of the board at the power company from Burgenland.
November 3, 2010
Hypo-Group Changes Board of Austrian Subsidiary
Hypo Alpe Adria makes new appointments to the Executive Board of the Austrian banking subsidiary Hypo Alpe-Adria-Bank AG.
November 2, 2010
Lauda is Evaluating whether to Move From Vienna
The owner and CEO of the Austrian low-cost airline Flyniki is considering a withdrawal from Austria. He is very upset over the tax on airline tickets to be implemented on January 1, 2001.
November 2, 2010
Strabag CEO Haselsteiner: Koralmtunnel Has To Be Built
Haselsteiner reacts sharply to criticism of the construction of the Koralm tunnel. He sees the infrastructure measure as economically sensible.
November 2, 2010
Hypo Group: Serious Allegations Against Kulterer
The former airline “Styrian Spirit" is said to have been financed without collateral, according to expert opinion. Kulterer defends himself and points to guarantee commitments by Jörg Haider.
October 29, 2010
AUA: Outrage at Ticket Tax
Austrian Airlines are fearing a massive drop in sales and even see the tax as a threat to their existence.
October 25, 2010
Financing of OMV-Deal in Turkey Still Open
OMV leaves the financial markets still in the dark as to how it will cope with the acquisition.
October 25, 2010
HYPO Group: Further Liabilities Necessary?
The Carinthian HYPO Group would suffer massive losses should it sell its real estate in the Balkans. Due to the write-offs, new liabilities of the Republic might be required.
October 25, 2010
Deripaska Again at Strabag
After Deripaska’s decision, and successful talks with Strabag boss Haselsteiner, the Russian oligarch is a partner in the construction group again.
October 25, 2010
Large Power Plant in Turkey: Verbund concludes Joint Venture
With an investment volume of 550 million euro, the Verbund operates together with its Turkish partner Sabanci Holding, a gas-steam power plant.
October 25, 2010
Bank Austria CEO Cernko: No More Bank Tax Soon
Due to Basel III, location reasons and to safeguard jobs, the bank tax will only be effective temporarily, according to Cernko
October 22, 2010
Corporate Bond of Novomatic: Surprisingly High Demand
Issuing volume has been doubled. The placement process has been closed very early, Novomatic-boss Wohlfahrt is content with the succesful bond issue.
October 22, 2010
Fast News Search
This category only
