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Vienna International Community - Other Top Players - Latest Headlines
Read updated news about other key people in Vienna's international community
Ukraine: Not Enough Progress
According to an evaluating report of the EU, Ukraine does not show enough progress in reforms.
March 20, 2013
Cyprus Appeals for Help to Russia
In a vote on Tuesday the government has decided not to use the private money of Cyprus‘ citizens to help bail out the banks. After the rejection, the EU aid package is now off. Cyprus hopes rest on Russia at this point.
March 20, 2013
Bank Austria To Boost Capital Base
CEO Cernko wants Eastern Europe to play an important role again in the future.
March 19, 2013
EVN to Start Arbitration Procedure
Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.
March 19, 2013
Cyprus: Small Investors To Be Excluded From Tax
After protests among Cyprus‘ citizens arised and harsh criticism was expressed, the government now intends to exclude small savers from the compulsary tax and grant them a relief.
March 19, 2013
Czech Republic: Opposition Rejects Austerity Measures
Opposition leader Sobotka was re-elected last Friday as chairman of the Social Democrats. In an interview with Reuters he explains why the government needs to slow down on austerity measures.
March 18, 2013
Poland: Tusk Appears Optimistic On 2013 Budget
Prime Minister, Donald Tusk remains hopeful on fulfilling the 2013 budget criteria, despite of a disadvantageous macro economical outlook.
March 18, 2013
Slovakia: Fico’s Plans For The Future
In a speech at the congress of the Czech senior opposition Social Democrats (CSSD) on Saturday, Prime Minister of Slovakia, Robert Fico explained his future plans.
March 18, 2013
Hungary: Dissatisfaction Towards Government Grows
Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.
March 18, 2013
Austria: Investigation Against VBAG Board Members
The Austrian Justice is currently investigating a case of the Austrian Volksbanken AG (VBAG) where three former board members are accused of having forged balance sheets. Board director CEO Michael Mendel is not among the suspects.
March 18, 2013
Cyprus: Parliament Votes Tomorrow For Rescue Package
The Cyprian parliament is unlikely to vote in favor for the rescue package which forces bank clients to contribute with their private money.
March 18, 2013
Spindelegger Criticizes Orban Sharply
Austria´s Vice Chancellor and Foreign Minister Michael Spindelegger wants Hungary to “return to the European legal basis”.
March 16, 2013
Historical Moment for Serbia And Kosovo
Both governments have come to an agreement, similar to the Treaty on the Basis of Relations (Basic Treaty) between the two German states.
March 16, 2013
Cyprus to Receive € 10bn in EU Aid Money
Russia being the biggest investor in Cyprus offered extension of credits. In return, austerity measures and reforms are demanded.
March 16, 2013
Future of the EU Requires Solidarity And Integration
The EU has declared the year 2013 to be the “year of citizens”. The citizens of the EU should become aware of their European identity and their rights that come along with it.
March 15, 2013
Hungary: Orban Rejects Criticisms
After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.
March 15, 2013
Meeting of German-speaking Finance Ministers in Berlin
On Wednesday, 13 March 2013, German Finance Minister Dr Wolfgang Schäuble welcomed the German-speaking Finance Ministers of Europe to talks in Berlin. The talks focused on current finance and fiscal policy issues.
March 15, 2013
Russia: Banks At Risk Of Losing Billions
According to rating agency Moody’s, Russians banking institutes are at risk of losing money to investments in Cyprus.
March 14, 2013
Hungary: Number of Emigrants to Austria Increases
More and more Hungarians emigrate to Austria due to economic and political reason.
March 14, 2013
Eurozone: Cut in Interest Rate Not Necessary
According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.
March 14, 2013
Austria: Post Shows Solid Revenues
In 2012, Austrian Post generated € 123.2m and was therefore able to slightly increase the turnover. € 1.80 is being declared per share, which is a raise of € 0.10.
March 14, 2013
Slovenia: New Coalition Stands
Slovenia´s new Prime Minister Alenka Bratusek is the head of a four-party-coalition.
March 13, 2013
Pope Francis: Runner-Up Cardinal Jorge Bergoglio of Argentina is New Pope
The world’s 1.2 billion Roman Catholics are hailing Argentine Cardinal Jorge Mario Bergoglio as the new pope. He shall go by the name of Francis and he is the first pope from the Americas.
March 13, 2013
Bulgaria: Caretaker Government Announced
Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.
March 12, 2013
Mignon (PACE) Praises Serbia For Progresses
Today, president of the Parliamentary Assembly of the Council of Europe (PACE) Jean-Claude Mignon gave credit to Serbia’s progress in the execution of reforms and expressed faith in finding solution for the Kosvo issue.
March 12, 2013
Latvia: Increase for Minimum Wages Turned Down
Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.
March 12, 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
Hungary: Former President Urges Successor to Veto
Former President Lazlo Solyom warns his follower, President Janos Ader,in a dramatic speech of the end of checks and balances in Hungary’s political system.
March 11, 2013
Austria: Optimistic Economy Minister Forecasts Economic Growth
In an interview with Wirtschaftsblatt, Austria’s economy minister, Reinhold Mitterlehner, forecasts an economic growth rate of 2 % for the next year, 2014.
March 11, 2013
Bulgaria: „Eagle’s Bridge“-Protests Start Today
Other meetings of protest representatives are taking place in Gabrov today to elect a committee for further negotiations with government.
March 9, 2013
Austria: Opposition Puts Forward Constitutional Challenge
Fiscal Pact undermines sovereignty of parliament and forces the country to severe austerity measures.
March 9, 2013
Hungary: Austrian Farmers on the Verge of Dispossession
A new regulation should help Hungarians prevent from "greedy speculators".
March 8, 2013
CZ: President Klaus Leaving Presidential Office
After having been in office for ten years, Czech President Vaclav Klaus left Prague Castle. Today, Friday March 8, his sucessor Milos Zeman is going to be sworn in.
March 8, 2013
Bulgaria/Romania: Schengen-Entry Postponed
The two countries will not become part of the Schengen-zone in 2013. EU interior ministers meet to discuss problem of “social tourism”.
March 7, 2013
Austria: Hypo Managing Board Warns of Losses
Hypo Group’s managers fear that selling the bank precipitately might lead to additional losses up to € 5bn for the bank and federal state.
March 7, 2013
Austria: Elsner Files Lawsuit in US Supreme Court
Former BAWAG CEO Helmut Elsner filed a lawsuit over $ 1.8bn against members of the Austrian Social Democrat party (SPÖ).
March 7, 2013
Slovenia/Croatia: Agreement over Bank Dispute
After years of debate, there seem to be a final agreement in the fight for the insolvent Ljubljanska Banka. The settlement should pave the way for Croatia’s becoming an EU member state.
March 7, 2013
Hungary: Incoming National Economy Minister Summarizes Targets
Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones
March 7, 2013
Hungary: Expropriation of Foreign Farmers
Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.
March 7, 2013
Leitl: "Restructuring Instead of Cashing in"
Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.
March 6, 2013
Poland: NBP Cuts Interest Rate to Record Low
The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.
March 6, 2013
Bulgaria: Electricity Rate to be Reduced by 7 %
Experts still fear that the reduction in electricity prices will not help stopping protests.
March 6, 2013
Verbund AG: New appointments to the Executive Board
Peter Kollmann becomes new CFO of the Austrian energy supplier. CEO Wolfgang Anzengruber was confirmed.
March 5, 2013
Last Meeting between Klaus and Gasparovic
The Presidents of the Czech Republic and of Slovakia will have a last meeting tomorrow.
March 5, 2013
Austria: New CEO for Alpine
The construction company was saved from bankrupcy and is now looking for a new CEO
March 5, 2013
Slovenia: New Government to be Built
Until March 14, the new administration should be nominated. However, 32 % think that the new head of government will not be able to form a government.
March 5, 2013
Bulgaria: Eagles Briges Civic Association To Be Found in Sofia
Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.
March 4, 2013
Latvia: Eager for the Euro. But ready?
Latvia’s leadership considers adopting the Euro in 2015 or 2016. Despite of showing the fastest economic growth rate at 5.1 % in Europe, there is scepticism Latvian population.
March 4, 2013
Serbia: No Solution to Kosovo Issue Yet
At today’s trilateral meetings in Brussels for the sequel talks about the association Serb municipalities in Kosovo a gloomy atmosphere between the parties is predominant. Neither Serbia nor Kosovo want to step down from their claims.
March 4, 2013
Czech Republic: CNB Fights Against Recession
As the interest rate was cut to a technical zero, the Czech National Bank considers intervening against the crown.
March 4, 2013