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Vienna International Community - People in the News - Latest Headlines

Green Party: Accusations against OMV

The member of the Austrian Parliament, Peter Pilz (Greens) considers bribe payments from the oil and gas company OMV to Mensdorff-Pouilly.

September 6, 2011

Hungary Bourse President Resigns

Hungary's Budapest Stock Exchange President Mihaly Patai submitted his resignation Monday, state news agency MTI reported. This step is mainly due to disputes with the majority owner, the Austrian Vienna Stock Exchange.

September 6, 2011

Ex-Chancellor Schüssel Resigns from Parliament

Wolfgang Schüssel retires from the political stage as a consequence of the market manipulation and corruption affair at Telekom Austria.

September 5, 2011

CEO of Raiffeisenbank Russia Dead

Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.

September 5, 2011

New Management for Vienna International Airport

The new Management Board team Julian Jäger and Günther Ofner start work today with key decisions and clear strategic goals

September 5, 2011

A-Tec: Kovats to Step Back by Year-End

The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.

September 1, 2011

Jaan Albrecht to Become CEO of Austrian Airlines

After ten years as CEO of Star Alliance the German-Mexican dual national will head the Austrian carrier starting on 1 November.

August 31, 2011

ÖBB: “Cargo Business on the Right Track“

The Austrian Federal Railways’ CEO is satisfied with the development of the group’s cargo unit. RCA achieved a positive operating result in the first half of the year.

August 26, 2011

Frank Stronach to Apply for Casino Licenses

The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.

August 26, 2011

Rosenbauer: CEO Wagner Retires

The boss of the Austrian manufacturer of fire fighting vehicles draws the consequences from the company’s involvement in cartel agreements on the German market.

August 26, 2011

IHS: No Zero Deficit until 2021

The research institute calculated that Austria will not be able to achieve a balanced budget in the next ten years. Felderer calls for reforms of the pension and healthcare systems.

August 24, 2011

SNCF Acquires Stake in Westbahn

The French national railway company participates with 26% in ÖBB’s new competitor. Operations start on 11 December.

August 24, 2011

Kovats with New Plans for A-Tec

According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.

August 24, 2011

Industry Raises Alarm over Lack of Technicians and Apprentices

voestalpine CEO Eder and WKÖ president Leitl call for measures against the shortage of skilled personnel. They want to increase the attractiveness of technical jobs and raise the retirement age.

August 23, 2011

Tumpel-Gugerell Appointed to the Supervisory Board of ÖBB

The former central banker will join the Supervisory Board of the Austrian Federal Railways’ holding company.

August 18, 2011

Hans Tschuden Remains CFO of Telekom Austria

The Austrian telecommunication group re-elected Hans Tschuden as Chief Financial Officer and Vice Chairman of the Management Board.

August 17, 2011

Financial Market Authority Terminates Inquiry against CEO of Immofinanz

The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.

August 12, 2011

Hypo: New Charges against Former CEO Kulterer

The Carinthian bank’s former CEO and three other persons are accused of having caused a damage of € 5.5m.

August 12, 2011

Sale of A-Tec Imminent – Mirko Kovats Attacks Politicians and Banks

The Austrian conglomerate’s negotiations with investors are about to be concluded. CEO Kovats criticized banks for being “no help in securing jobs”.

August 11, 2011

Changes in the Management Board of Pankl

The Austrian component supplier extended the contract of CEO Wolfgang Plasser for further five years. Josef Faigle will succeed Alfred Hörtenhuber as COO.

August 1, 2011

Martin Schwedler Appointed CEO of Raiffeisen Investment in Moscow

The previous board member of RIAG will focus on expanding the Austrian bank’s presence in Russia’s growing M&A and ECM business.

August 1, 2011

IHS: Keuschnigg in Pole Position for Succession of Felderer

The institute’s board of trustees has voted for the Tyrolean Keuschnigg as successor of retiring boss Felderer. Contracts still have to be signed.

July 28, 2011

“Keep Cool and Look Forward”

Alois Wögerbauer, Executive of 3 Banken-Generali Investment-Gesellschaft m.b.H., gives his view on the current situation at the Vienna Stock Exchange.

July 26, 2011

Siemens Boss Peter Löscher to Stay until 2017

The Austrian manager will remain CEO of the German group for another five years. His contract will be extended until 2017.

July 25, 2011

Mitterlehner with Plans for Reform of ÖIAG

The Minister of Economics intends to reposition the Austrian state holding company. Markus Beyrer, the new CEO, is currently evaluating new concepts.

July 25, 2011

House Searches at A-Tec’s Management

Serious allegations have been made against Board Members of the Austrian conglomerate which is currently negotiating with potential investors. Eight houses have been searched.

July 20, 2011

Julian Jäger and Günther Ofner to Take Over Management of Vienna Airport

Following the resignation of Christoph Herbst, Vienna Airport has selected Jäger and Ofner as new members of the Management board. They will take up work at the beginning of September.

July 19, 2011

Gerhard Niesslein Becomes CEO of Orascom Development Holding

The Swiss-based town developer appoints Austrian Gerhard Niesslein as new CEO of the Group. Samih Sawiris remains Executive Chairman focusing on the firm's strategic development.

July 15, 2011

Former Cheuvreux Duo Berger and Reisenberger to Work for Wiener Privatbank

Former Cheuvreux analysts Alfred Reisenberger and Eduard Berger join Wiener Privatbank as of August 1.

July 15, 2011

A-Tec: Kovats Wants to Stay on Board

CEO Mirko Kovats does not want to give up control over the Austrian conglomerate. He is trying to push through a sale to his favorite bidder which would give him a role in the group.

July 15, 2011

Helmut Bernkopf New Head of UniCredit’s Private Banking Division

Bank Austria’s Head of Corporate and Investment Banking moves up the career ladder and becomes boss of the parent company’s Private banking division.

July 12, 2011

Boris Nemsic Joins Delta Partners

The former CEO of Telekom Austria was appointed executive partner of Delta Partners' investment business.

July 6, 2011

Alfred Gusenbauer Starts Venture Capital Company

The former Austrian Chancellor and three partners founded the Cudos Group. It will invest in industrial companies in Austria and CEE.

July 6, 2011

CEO Volker Riebel Leaves conwert

The Austrian real estate company announced a new management structure: CEO Riebel leaves; the managing board will consist of two directors.

July 6, 2011

Wilhelm Molterer Appointed Vice-President of the EIB

The former Austrian Vice Chancellor and Finance Minister will start his new job as Vice-President of the European Union’s bank on 1 July.

June 30, 2011

Peter Layr New President of Oesterreichs Energie

The CEO of EVN will succeed Wolfgang Anzengruber as President of the branch association of Austrian energy. He was elected for three years.

June 28, 2011

Vienna Stock Exchange with Satisfying Results and Changes in the Supervisory Board

Heimo Scheuch and Andreas Brandstetter will succeed Wolfgang Reithofer and Konstantin Klien in the Supervisory Board of Wiener Börse AG and its parent company CEESEG AG.

June 16, 2011

No Money from Al Jaber: Restructuring of Kneissl Has Failed

The last attempt to rescue the Tyrolian ski manufacturer has failed as majority owner Al Jaber has not transferred the € 2.1m necessary to continue business. The company will be liquidated.

June 15, 2011

Bene: Change in the Composition of the Management Board

Thomas Bene resigns from the board after having worked for the Austrian furniture company for 17 years.

June 10, 2011

AUA: Broken Al-Jaber-Deal Has Consequences

One former and one current board member of the airline were sentenced to penalty payments for not having provided information to the shareholders.

June 9, 2011

Michaelis: “Should Have Sold Postbus”

The CEO of ÖIAG regrets his decision to integrate the bus company into ÖBB. He will be succeeded by Markus Beyrer at the end of June.

June 3, 2011

Ex-Finance Minister Pröll Hired by Raiffeisen

The former Austrian Finance Minister was named CEO of Leipnik-Lundenburger Invest Beteiligungs AG as of July 1.

June 1, 2011

CEO of Verbund Expects Steady Increase of Electricity Price

Anzengruber demands faster approval procedures for the expansion of infrastructure in order to keep prices on an affordable level.

June 1, 2011

Kneissl: Creditors Accept Restructuring Plans

Al Jaber has to pay € 2m into an escrow account before June 15. Otherwise, the Tyrolian company will be liquidated.

June 1, 2011

OMV: New CEO and Organizational Structure of Its Turkish Operations

Gülsüm Azeri is going to succeed Melih Türker as CEO of the Austrian oil and gas group’s Turkish operations.

May 25, 2011

Managers' Salaries Reach Pre-Crisis Level

CEOs in Austria earned € 186,000 on average in 2010. The decline of the previous years has been made up for.

May 18, 2011

CEO of BWT Increases Control Over His Group

Andreas Weißenbacher increased his share in BWT to now 26.2%. He also controls 37% of German WMF. Both companies improved their results in 2010.

May 17, 2011

Erste’s Treichl Says Politicians ‘Cowardly’ on Basel III Rules

Andreas Treichl, CEO of Erste Group, provokes fierce reactions with his criticism of Austrian politicians and new international capital rules.

May 16, 2011

voestalpine: Eder Threatens to Withdraw from Austria

The voestalpine steel company has to struggle already massively with the EU’s climate change protection objectives, said Eder. They should not be increased further.

May 14, 2011

Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"

Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union

May 14, 2011
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