Vienna International Community - Other Top Players - Latest Headlines

Read updated news about other key people in Vienna's international community

Does the Euro Collapse Now? (Part 1)

The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.

August 17, 2012

IV Emphasizes: „New Taxes Harm Growth and Jobs“

Georg Kapsch, President of the Federation of Austrian Industries (IV), calls for growth stimulating measures. The industrial sector is the growth engine for Austria, he argues.

August 17, 2012

Paierl Said to Become Next Chairman at ÖIAG

After months of discrete discussions, the new chairman of the Austrian Industrial Holding (ÖIAG) seems to be certain.

August 16, 2012

Austrian Railways to Record Profits

In the first six months of 2012, ÖBB (Austrian Railways) has recorded operating profits.

August 16, 2012

Stronach Enters Political Stage

The Austro-Canadian industrialist Frank Stronach founds his own party and intends to run for the next election in 2013. Stronach wants Austria to leave the Eurozone.

August 13, 2012

Succession: Difficult Search at ÖIAG

The search for a new director for the Austrian Industrial Holding proves difficult. In spite of the attractive job, many potential candidates rejected.

August 13, 2012

„30 Million Passengers in 2020“

In an interview with „Kurier“, VIA´s board member Julian Jäger explains why the third landing strip is essential for Vienna Airport.

August 8, 2012

Lenzing to Expand Further

Lenzing´s CEO explains that the frame conditions for Lenzing are highly satisfying at the moment. However, 2012 will not be another record year.

August 7, 2012

FMA Pushes for Bank Insolvency Law

The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.

August 7, 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

Austrian Railways „Fit for the Capital Market in a Few Years“

Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.

August 6, 2012

ÖIAG: New Potential Candidate

Rumors on the succession of Markus Beyrer do not break up. The manager Werner Lanthaler seems to have good prospects.

August 6, 2012

Rising Profit at Bank Austria

Bank Austria posts net profit of € 646m for the first six months. Net operating profit was up by 11.1 per cent. Lending volume rises by 3.3 per cent to € 136bn.

August 3, 2012

ÖIAG: Search Goes On

The number of candidates for the succession of Markus Beyrer as CEO of the Austrian industrial holding keeps within limits.

August 2, 2012

Czech Republic: Erste Group´s CEO Advises Against Introducing the Euro

According to Andreas Treichl, the Czech Republic should not enter the Eurozone now.

August 2, 2012

SBO: „We are growing organically“

In an interview with the Austrian business magazine „Wirtschaftsblatt“, SBO´s CEO Gerald Grohmann underlines the company´s intention to keep the gearing low and generate further growth.

July 31, 2012

Telekom Austria: Expansion Program to be Accelerated

After the entry of Carlos Slim, Telekom Austria hopes to get more funds for further expansion steps.

July 30, 2012

Kommunalkredit Sale: „There are potential buyers“

Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.

July 27, 2012

Slim´s Entry at Telekom Austria Approved

The Austrian Federal Competition Authority (BWB) has no objections against the acquisition by Carlos Slim.

July 27, 2012

ÖIAG: Malanik to Succeed Beyrer?

In June, Markus Beyrer decided to leave the Austrian Industrial Holding (ÖIAG). The former management board member Malanik could succeed.

July 27, 2012

Roiss Claims Energy Strategy

Gerhard Roiss, CEO of the Austrian energy company OMV, warns of a withdrawal of the energy-intensive industry tot he U.S.

July 26, 2012

„AUA Must Be in the Black Numbers“

For Austrian Airline´s CEO Jaan Albrecht, the implementation of the austerity program and the transfer of undertaking is mandatory.

July 26, 2012

IHS: Austria Grows Faster Than Eurozone

The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.

July 26, 2012

Vienna Stock Exchange: „Too Early for Investments“

VSE´s CEO Birgit Kuras explains why listings at Vienna Stock Exchange are declining. In the medium term, the conditions for the equity market would be favorable, however.

July 26, 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

Former AUA Board Member Bierwirth Enters T-Mobile

Andreas Bierwirth becomes CEO of T-Mobile Austria. The current CEO Robert Chvatal leaves the company for “personal reasons”.

July 25, 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

Growing Pressure on Viennese Location for Headquarters

The Viennese Chamber of Commerce intensifies the dialogue with international headquarters. In autumn, the first headquarter congress will take place in Vienna.

July 21, 2012

RBI: Bad Development in Hungary

Herbert Stepic, CEO of Raiffeisen Bank International expects that the development of non-performing loans is stable this year.

July 21, 2012

"Wage Cuts in Southern Europe Inevitable"

Christian Keuschnigg, director of the Austrian Institute of Advanced Studies thinks that a fiscal union will not work. The recession in Southern Europe will go on.

July 21, 2012

Hutchison: „Telecommunication Network Overburdened in Two Years“

Jan Trionow, CEO of Hutchison Austria, appeals on authorities to approve the takeover of the competitor Orange. The Austrian telecommunication network will face capacity problems soon.

July 21, 2012

Hypo Group: „As Little Bank Aids as Possible“

Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.

July 20, 2012

Austerity Program at RBI

Raiffeisen Bank International´s CEO Herbert Stepic is against a capital increase. The market conditions would be unfavorable.

July 20, 2012

Vienna Insurance Group: Still Growth Potential in CESEE

VIG´s new CEO Peter Hagen aims to achieve external as well as internal growth. The process of catching up will go on.

July 20, 2012

Resistance Against Enlargement of ÖIAG

The chairman of ÖBB´s (Austrian Railways) supervisory board Horst Pöchhacker rejects the idea of integrating ÖBB, Verbund or Asfinag into the publicly held Austrian industrial holding ÖIAG.

July 19, 2012

Takeover of Croatian Aluflex Failed

The Austrian Hypo Group Alpe Adria will not sell the Croatian aluminum group to the Swiss MTC (Montana Tech Components).

July 19, 2012

Hutchison´s CEO: „Austria Benefits from Merger“

Hutchison Austria still holds on the acquisition of the third largest telecommunication service supplier Orange.

July 19, 2012

Nowotny: „Germany Has Key Function“

The governor of OeNB (Austrian Central Bank) is against forced loans in Austria. Regarding Eurobonds, Germany as Europe´s biggest economy would have the key function.

July 18, 2012

Nowotny to be Re-Elected

The governor of OeNB (Austrian Central Bank) Ewald Nowotny is said to be re-elected in his current position.

July 18, 2012

„IMF Is Not Our Enemy“

Hungary´s Prime Minister Viktor Orban returns to the bargaining table. The country needs up to € 20bn.

July 17, 2012

Koren will be new CEO of VBAG

Starting from 1 september 2012, Koren becomes the new head of VBAG´s management board. New member of the board Rainer Borns should represent a „strong connecting link to regional Volksbanks“.

July 17, 2012

Fischer Signs ESM and Fiscal Pact

The Austrian Federal President Heinz Fischer approves the parliamentary referanda on the highly controversial ESM and Fiscal Pact. Now, only a constitutional complaint may prevent these issues.

July 17, 2012

Bulgaria Aims to Join Eurozone

Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.

July 16, 2012

CEO Strauss Buys 38% of Porr´s Shares

Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.

July 16, 2012

Austrian Railways to Record Profits Already in 2012

Christian Kern, CEO of Austrian Railways, explains that the company´s restructuring is going on. The results would be better than the expectations.

July 16, 2012

“The time has come to design the EU of the 21st century”

„Europe – Quo Vadis?“ The Austrian Foreign State Secretary Waldner opens the Forum Europe in Styria with a keynote speech.

July 16, 2012

Changes in Petrom’s Executive Board

Petrom, the largest oil and gas producer in Southeastern Europe, announces a change in its Executive Board. Starting September 1, 2012.

July 13, 2012

VBAG-Restructuring Proves Problematic

In March, the Austrian VBAG Banking Group became partly nationalized. A new CEO has not been found yet.

July 12, 2012

Austrian AAA „Not in Danger“

The Austrian economist and chairman of the public debt council Bernhard Felderer thinks that Austria will keep its Triple-A rating. Felderer´s statement is not undisputed.

July 12, 2012