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Italy in Austria | Italians in Vienna | Bilateral Relations
Austria and Italy - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Austria: Preliminary Results on Hypo Group Expected Next Week
Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.
May 17, 2013
Hypo to Require € 1bn This Year
The ailing banking institute Hypo Group in the province of Carinthia will need € 1bn. On Friday, the managing board of Hypo Group will present a restructuring plan to the Finance Minister.
May 17, 2013
Indian Srei Group to Acquire Austrian Hypo?
Austria is looking for a buyer for the domestic Hypo affiliates. Indian Srei Group seems to have good chances.
May 13, 2013
Former Polish President: “EU Needs Ukraine”
In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.
April 22, 2013
Rothensteiner: „Strictly Against Discussion“
Head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner is everything else but happy about the current discussion about the bank secret and deposit guarantee.
April 17, 2013
Austria: Hypo Group to Come Under Fire
Pressure from Brussel grows for a fast selling of Hypo Group.
April 16, 2013
Austia: Stable Industrial Production
Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.
April 12, 2013
Concern About Hypo Group in Friuli
MEP Serracchiani has requested to get involved in the current affairs.
April 8, 2013
European Banks Leaving CESEE Countries
Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.
April 2, 2013
Moody’s Warns EU
The rating agency warns the EU governments about over-estimating the ability to overcome the Euro-crisis.
March 27, 2013
Austrians Poorer Than Italians or Spaniards?
According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.
March 22, 2013
Bank Austria To Boost Capital Base
CEO Cernko wants Eastern Europe to play an important role again in the future.
March 19, 2013
Bank Austria's Profits Under Pressure
In the fourth quarter, Bank Austria has recorded a net loss of € 676m. In the whole year, CEE division showed a profit before tax of € 1.712bn which is an increase of 6 % compared to 2011. One-off charges totalled € 879m.
March 18, 2013
Bank Austria Takes Drastic Measures
Because of selling the Kazakhstan division and bad credits, quarter losses of € 553m for parent company UniCredit have to be faced.
March 16, 2013
Bank Austria to Sell ATF
Bank Austria will sell its affiliation in Kazakhstan, ATF Bank, which was acquired in 2007. ATF made losses into the billions.
March 15, 2013
Austria: Hypo Group Still Sailing in Stormy Waters
Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.
March 12, 2013
Czech Republic: Agrofert Takes Over German Bakery Chain Lieken
Barilla, the world’s leading manufacturer of pasta products, announced that it had fixed a deal with the Czech company Agrofert to sell the German baking enterprise, Lieken AG.
February 25, 2013
Austrian Exports Reach new All-Time High
The Austrian Chamber of Commerce (WKO) today presented the foreign trade results of 2012. This year, WKO´s President Christoph Leitl expects s moderate increase in exports.
February 21, 2013
Palfinger Establishes Joint Venture for Access Platforms in Italy
The Austrian crane manufacturer is establishing Palfinger Platforms Italy Srl., a joint venture with headquarters in Bolzano, Italy.
February 19, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Bank Austria Centralizes Operations in Baltic Countries
The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.
January 29, 2013
“South Tyrolean autonomy must not be undermined”
State Secretary outlines Austria’s position to a delegation of the South Tyrolean Parliament
November 26, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
Strabag Aims to Take Over Italian Highway Operator
The Italian highway operator Milano Serravalla is going to be privatized. The Austrian construction company plans to acquire the majority.
November 7, 2012
IHS: Collapse of Eurozone would Cost 157,000 Jobs
The Austrian Institute of Advances Studies IHS says that Austria´s economic growth would be lower by 11 percentage points until 2016.
November 5, 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
Hypo Group: Problems in Italy
The Austrian banking group, which was nationalized in 2009, must downsize. The sale of the Italian subsidiary proves difficult, however.
September 25, 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
Hypo Group Cuts Jobs in Italy
The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.
September 13, 2012
„The situation is inconvenient, but not dramatic“
In an interview with the Austrian newspaper Kurier, the Austrian Minister of Economics Reinhold Mitterlehner underlines that “we must keep our nerves”.
September 13, 2012
Euro-Crisis Enters Austria
In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.
September 10, 2012
Hypo Group´s Capital Shortfall at € 2.2bn
Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.
September 6, 2012
Further Increase in Unemployment
At the end of August 2012, 289,000 persons were looking for a job in Austria. At the same time, employment still grows.
September 3, 2012
Fekter: „Spain is No Bail-Out Candidate“
Austria´s Finance Minister Fekter says that only Spain´s banks may need help from the EU.
August 31, 2012
Austrian Guarantees Total € 80bn
In the worst case, Austria´s public debt quota may increase up to 100%, the Austrian opposition warns.
August 27, 2012
Grexit: Aiginger Warns of Shock in the Balkan Region
Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.
August 21, 2012
South Stream Pipeline May Run Across Croatia
Instead of Hungary, the pipeline project South Stream may pass through Croatia. Gazprom currently negotiates with the Croatian operator Plinacro.
August 20, 2012
Austrian Real Income Fell Dramatically
Economists often say that Austria has benefitted from the euro. According to a study of UBS, Austria has lost a substantial degree of prosperity, however.
August 20, 2012
Red Bull: Difficulties in Italy
The Austrian energy drink producer faces examinations by the Italian Competition Authority.
August 13, 2012
S&P Confirms Bank Austria´s Rating
Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.
August 8, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Bank Austria as UniCredit´s Cash Cow
Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.
August 4, 2012
Strabag to Expand into Italy
The Austrian construction group intends to enter the Italian construction company „Autostrade Pedemontana“.
July 31, 2012
Bankruptcy Prevented: Schlecker Austria Becomes „daily“
The Austrian investment funds TAP 09 acquires the financially stricken chemist chain. Schlecker Austria should become a local grocer.
July 31, 2012
Nowotny Wants Bank License for ESM
The governor of OeNB (Austrian Central Bank) Ewald Nowotny told the news agency Bloomberg that there would be some good reasons for this solution.
July 26, 2012
Aiginger: „Feeding Banks Makes No Sense“
The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.
July 24, 2012
Fekter: Greek Exit is „No Issue“
Austria´s Finance Minister Maria Fekter thinks that a Greek exit is no option for the time being. „We wait for the report of the Troika.“
July 24, 2012
Bawag and Generali Extend Cooperation
The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.
July 23, 2012
Bank Austria: Major Investment at Russian Subsidiary
UniCredit Group increases the equity base of the Russian subsidiary.
July 14, 2012
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