Sponsored Content
Vienna International Community - People in the News - Latest Headlines
Read updated news about key players in Vienna's international community, such as expats, executives, politicians, diplomats, investors, artists and others.
Merkel and Faymann Reaffirm their Commitment to the Euro
The German Federal Chancellor Angela Merkel met her Austrian counterpart Werner Faymann and Vice Chancellor Michael Spindelegger in Vienna. It was Merkel´s first state visit in Austria since 2006.
September 8, 2012
ÖBB to Become Privatized?
In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.
September 8, 2012
Czech Republic: No VAT Increase
The governing coalition failed in seeking approval by the parliament. In order to lower the budget deficit, the government intended to lift the VAT rates.
September 7, 2012
Kemler New CEO of ÖIAG
The former CEO of Hewlett Packard Austria was elected as new Chief Executive Officer of the Austrian Industrial Holding.
September 7, 2012
ÖIAG: Three Potential Candidates
The Austrian Industrial Holding needs a new chairman. Tomorrow, the decision should be published.
September 6, 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
Bad Times for Vienna Stock Exchange
Compared to August 2011, stock turnover fell by 66% last month. Turnover only reached € 2.3bn.
September 4, 2012
„Europe Is Stronger than Many Think”
Austria´s Federal President Heinz Fischer thinks that the exclusion of certain member states out of the Eurozone is “highly problematic”. In two or three years, the crisis in the Eurozone is managed, he believes.
September 3, 2012
Slovenian Bankruptcy Would Hit Austria Particularly Hard
Prime Minister Janez Jansa announced that Slovenia may have to declare its national bankruptcy in October. Austria´s share in foreign direct investment made in Slovenia reaches about 50%.
September 3, 2012
Bank Union: Austrian Banking Industry Cautious
European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.
September 1, 2012
FPÖ Wants Nowotny to Resign
The biggest Austrian opposition party criticizes the governor of Austrian Central Bank (OeNB) sharply. FPÖ´s leader Strache blames Nowotny to violate the “no bailout” clause.
September 1, 2012
Nowotny: Austrian Banking Sector “More Boring, but More Stable”
European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.
August 31, 2012
Pribil: „ECB Must Not Become Safe Haven for Zombie Banks”
At the European Forum Alpbach, the Director of the Austrian Financial Market Authority (FMA) Kurt Pribil stresses the importance of a centralized banking supervision authority.
August 31, 2012
“We Must Go On with a Political Union”
On the occasion of the European Forum Alpbach 2012, Anna Diamantopoulou, Former European Commissioner for Employment and Social Affairs calls for a completion of the European project.
August 30, 2012
Barroso: “We Must Complete Europe” (Part 2)
At the Alpbach Economic Symposium 2012, the President of the EU-Commission José Manuel Barroso explained the “logics of integration”. In order to meet new challenges, the EU has to promote integration, Barroso says.
August 30, 2012
Debt Crisis: “Somebody Will Have to Pay”
European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.
August 30, 2012
Faymann Against Breaking Up the Eurozone (Part 2)
At the Alpbach Economic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.
August 30, 2012
Faymann Against Breaking Up the Eurozone (Part 1)
At the AlpbachE conomic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.
August 30, 2012
Barroso: “We Must Complete Europe” (Part 1)
At the Alpbach Economic Symposium 2012, the President of the EU-Commission José Manuel Barroso explained the “logic of integration”. In order to meet new challenges, the EU has to promote integration, Barroso says.
August 30, 2012
Spindelegger: “What We Need Is more Self-Confidence!”
At the Alpbach Forum 2012, Austria´s Vice Chancellor Michael Spindelegger explains that Europe suffers from a lack of confidence and self-confidence. The European people expect a message from the EU.
August 30, 2012
Spindelegger: “No United States of Europe”
The Austrian Vice-Chancellor wants to promote a political union in Europe. However, this system should not be the same like in the U.S.
August 30, 2012
Austrian Government to Reshuffle?
In the governing ÖVP, a power struggle is going on, insiders say. Rumours are not breaking up and are highly controversial. Finance Minister Maria Fekter may be replaced by Michael Spindelegger.
August 29, 2012
Austrian Industry Promotes Employment of Older Workers
The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.
August 29, 2012
Education: Vranitzky Shows Dissatisfaction with Austrian Government
The former Austrian Federal Chancellor Franz Vranitzky criticizes the Austrian government sharply. For him, the university sector is a “very bad example of inequality between the generations”.
August 29, 2012
Keuschnigg Pleads for Increasing Retirement Age
At the Alpbach Forum 2012, the Austrian economist Christian Keuschnigg explained the necessity of implementing reforms for the Austrian retirement plan.
August 29, 2012
Ametsreiter Calls for Activity
On the occasion of the Alpbach Forum 2012, Telekom Austria´s CEO Hannes Ametsreiter underlined the necessity of implementing reforms in Austria.
August 29, 2012
Kapsch: “We Cannot Risk the Welfare State”
At the Alpbach Meeting, the President of the Federation of Austrian Industries (IV) Georg Kapsch underlines the necessity of competition. The
August 28, 2012
Eder: „We are Cautious“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, thinks that the market conditions will remain difficult.
August 27, 2012
Strabag: CEO Haselsteiner Is Said to Consider Delisting
The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.
August 27, 2012
Voestalpine Underlines Expansion Into Asia and America
For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.
August 25, 2012
Crisis in Eurozone: Stepic Is Optimistic
In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.
August 25, 2012
Orban Underlines Success of Hungarian Crisis Management
Hungary´s Prime Minister Viktor Orban wants to lower the public debt quota further. Hungary´s recession would be due to the weak Eurozone, he says. Orban forgot to mention some details, however.
August 24, 2012
Kapsch Sees Austria´s Main Problem in Education Sector
In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.
August 22, 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
Rasinger Wants to Become ÖIAG´s Chairman
In July, the Austrian investor representative Wilhelm Rasinger confirmed his willingness to become ÖIAG´s new director.
August 18, 2012
Poland Does Not Expect Recession in 2013
The Polish Minister of Finance Jacek Rostowski explained that the Polish economy will grow by 2.5% this year.
August 18, 2012
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
Fast News Search
This category only
