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Vienna International Community - Other Top Players - Latest Headlines
Read updated news about other key people in Vienna's international community
High Expectations about the New AUA Chairman
The Frenchman Thierry Antinori, is to complete successfully for Lufthansa the restructuring of the Austrian subsidiary.
December 8, 2010
Bavaria: "Hypo-Sale was Correct"
The issue Hypo Alpe Adria preoccupies not only the Austrian justice: Bavaria's Prime Minister Horst Seehofer defended the sale to Austria.
December 8, 2010
Austrian Resistance Against Euro Bonds
Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.
December 8, 2010
Kovats Has to Increase Quota
The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.
December 8, 2010
Kovats Remains CEO of A-Tec for the Time Being
Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.
December 6, 2010
Nowotny Pleads for Euro-Bonds
The governor of the Austrian National Bank, Ewald Nowotny, is for the introduction of euro-bonds. Germany’s resistance is pre-programmed.
December 6, 2010
Economic Chamber in Tokyo: Biotechnology as an Opportunity
The President of the Vienna Economic Chamber, Brigitte Jank, sees above all great opportunities for Austria in Japanese biotechnology and pharmaceutical industries.
December 6, 2010
Voestalpine: Doubling of Sales in Five Years
By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.
December 6, 2010
Trade Between Russia and Austria is Booming
The volume of trade between Austria and Russia has increased by 30%. Innovation and modernization are core issues for both countries.
December 6, 2010
Leitl Vehemently Defends Euro Protection Shield
The President of the WKÖ (Austrian Federal Economic Chamber), Christoph Leitl, gives a clear answer to the euro critics: without the euro, Austria would have become a problematic case in 2009.
December 6, 2010
Failure of Austria's Software Industry
The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.
December 6, 2010
Wikileaks: Criticism of Austrian Politicians by the U.S.
The critical view on Austria's leading politicians on part of the U.S. is written down in the recent revelations of the Wikileaks platform.
December 5, 2010
Vienna Airport Board Sees no Fault of Their Own
The controversial directors of Flughafen Wien (Vienna International Airport) defend themselves against public criticism of the construction project "Skylink".
December 5, 2010
Discussion over Insider Trading Among Austrian Leadership
Domestic insider trading regulations could be improved, imply top personalities of the Austrian economy. Radical proposals are also being made.
December 3, 2010
Michaelis Leaves Austria's State Holding Company
The contract of Peter Michaelis, Chairman of The State Holding Company OIAG, expires in June 2011. There is disagreement over the succession in the government.
December 3, 2010
Triple-A Rating: Treichl vs. Nowotny
The Chairman of the Erste Group is not convinced anymore by Austria's financial policy; the Governor of the National Bank however, still stands on "AAA".
December 3, 2010
Strike threat at AUA
Salary negotiations at Austrian Airlines falter. The staff wants at least a salary increase equivalent to inflation.
December 2, 2010
Bawag is Profitable Again
The Austrian bank Bawag PSK, now owned by the U.S. fund Cerberus, is to have profits again this year: € 100m are expected.
December 2, 2010
OMV CEO: Insider-process on January27
While the trial date for the CEO of OMV has already been set, many leading personalities express their trust in an open letter.
December 2, 2010
Mitterlehner: To Expand Further Good Trade Relations with Switzerland…
The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".
December 2, 2010
Austria's Industry Welcomes Electricity Reform
Whereas Industrialists and the Economic Chamber (WKO) are asking for enactment today, the Umweltdachverband (UWD, Environmental Federation) is against it.
December 1, 2010
aws is Commited to the Promotion of Technology
The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.
December 1, 2010
It Is Official: Deripaska Is Back at Strabag
Basic Element group exercises the call option for 17 percent stake in Strabag.
December 1, 2010
AUA is to Get New Leadership
Austrian Airlines, a Lufthansa subsidiary, is to get the Frenchman Thierry Antinori as its new CEO. The board is to be expanded with this appointment.
November 30, 2010
Industrialists: Destruction of Business Location Averted
The Industriellenvereinigung (IV, Industrialists Association) is relieved about issues concerning location policy, and at the same time calls for structural reforms.
November 30, 2010
Massive Lay Offs at Hypo Group
The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.
November 30, 2010
OeNB Governor Nowotny Approves of Ireland Protection Measures
The governor of the Austrian National Bank says the decisions on Ireland and the European stability mechanism are positive.
November 29, 2010
Leitl: Finland and Austria Have Much to Learn From Each Other
Finnish ex-Prime Minister Lipponen exposes economic success secrets of his country.
November 29, 2010
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
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