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Poland's Donald Tusk to Become European Council President
Current council president Herman Van Rompuy tweeted the announcement from the EU summit. Mr Tusk, Poland's centre-right prime minister since 2007, will become the European Council's president. Italy's Federica Mogherini, a centre-left politician and foreign minister will replace the UK's Catherine Ashton as EU foreign policy chief.
August 30, 2014
Canada's Foreign Affairs Minister John Baird Visits Austria and The Balkans
Canada's Foreign Affairs Minister John Baird today announced that he will visit Croatia, Serbia and Albania. The visit to the Balkans comes after Baird spoke about Ukraine and other global security issues at a high-level forum in Salzburg, organized by the International Peace Institute and the Salzburg Global Seminar.
August 27, 2014
Mitterlehner Replaces Spindelegger as Party Head and Vice Chancellor
Yesterday evening Reinhold Mitterlehner has been elected by the ÖVP board as new party chairman and vice chancellor. Spindelegger himself had left the party headquarters shortly before. The decision in the ÖVP board was unanimous. He is supposed to lead the party out of the crisis. His first statement after the designation on Tuesday evening was: "We must close ranks." He now wants to discuss in which direction to proceed with the tax reform. A political decision will fall but only in the fall.
August 27, 2014
Austrian Federal President Heinz Fischer Signs Hypo Special Act into Law
After intensive testing, together with the former President of the Constitutional Court and current adviser to the President, Prof. Dr. Ludwig Adamovich, Federal President Heinz Fischer has decided to carry out the notarization of the adopted bill and thus clear the way for review by the Constitutional Court.
July 31, 2014
VIG Subsidiary Donau Insurance to Appoint New CEO
Elisabeth Stadler will resign her position as Chairwoman of the Management Board of Ergo Austria and take over the position of CEO of listed insurance group VIG's subsidiary Donau Versicherung AG.
July 24, 2014
FDI in Austria up by EUR 25 Million
In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.
July 11, 2014
Siegfried Wolf New OIAG Supervisory Board Chairman
OIAG's supervisory board has appointed Siegfried Wolf as the new Chairman of the supervisory board.
June 27, 2014
Voestalpine Plans Further Acquisitions
In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.
June 16, 2014
AmCham Austria: Lessing Has Been Elected New President
Mr. Norbert B. Lessing takes over the job of the President of the American Chamber of Commerce in Austria from Mr. Felix Thun-Hohenstein.
June 10, 2014
Foreign Ministry: "Freedom of Religion in Austria"
The first meeting of the Interreligious Dialogue Platform at the Austrian Ministry for Europe, Integration and Foreign Affairs took place. Integration Minister launches an initiative for dialogue with recognised churches and religious communities in Austria.
June 3, 2014
Austria: Western Balkans Representatives are Meeting in Vienna
The Western Balkans Conference and the Central European Initiative (CEI) Ministerial Meeting are currently discussing questions regarding the EU enlargement, the role of the EU as a peace project and the economic situation in the Western Balkans.
June 3, 2014
Austrian EU Commissioner Hahn Blames British PM Cameron for Opening Doors to Ukip
Hahn argues, that David Cameron is to blame for his own defeat at the hands of the eurosceptic UKIP at the European elections.
May 31, 2014
Sevelda: “Russia Still Crucial Market”
In the light of the close ties with regard to economic and energy relations with Russia Karl Sevelda, CEO of Raiffeisen Bank International (RBI) warns about the tightening of penalties against Russia.
May 23, 2014
Only 3 Austrian Delegates at the St. Petersburg International Economic Forum 2014
Thousands of economic experts, businessmen and policymakers are currently in Russia's northern capital St. Petersburg for the 18th annual investment forum. Less foreigners are attend this year, as CEOs have bowed to political pressure to cancel.
May 23, 2014
Hypo Alpe Adria Appoints New Supervisory Board
At an Extraordinary General Meeting of Hypo Alpe Adria International on Friday, a new Supervisory Board was appointed.
May 23, 2014
Fischer: Room for Further Trade with Albania
Austrian President Heinz Fischer was paying a visit to Western Balkan States.
May 22, 2014
Austrian Oberbank Shines in Hungary
Austrian Oberbank bucks the trend of terminating business activity in Hungary. Instead, the financial institute plans on growing in one of the most difficult markets in Europe.
May 22, 2014
Austrian Prinzhorn Holding to Invest Massively in Hungary
Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014
Austria: Right-Winged Extreme Party Buoyed by Tailwind
The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.
May 21, 2014
Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014
On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
May 20, 2014
“Romania Can Never Become the China of Europe”
Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.
May 15, 2014
voestalpine to Invest Further in China
Listed Austrian steel producer voestalpine opened another business location in China.
May 14, 2014
Bank Austria's Ukrainian Subsidiary Not Yet To Be Sold
Because of the crisis in Ukraine the planned sale of Bank Austria's Ukrainian subsidiary has been halted.
May 13, 2014
Edi Rama: "If Europe Decides Not To Need Muslim Balkan States, Terrible Things Will Happen"
The Albanian Prime Minister Edi Rama visited the Bruno Kreisky Forum in Vienna.
May 13, 2014
Czech Republic: Rosatom to Complete Temelin?
Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.
May 12, 2014
Calls for European Energy Union Become Louder
Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.
May 9, 2014
Austria DIY Chain BauMax Avoided Insolvency
Austrian leading DIY chain bauMax announced cost saving programs as part of its restructuring measures in Turkey, Romania, Bulgaria and Croatia. BauMax intends to focus on profitable business locations only.
May 9, 2014
Wesner: “Failing in Business Does Not Mean Personal Failure”
The start-up culture in Austria is clearly different than the one in the US. On the occation of the May Day, experts, including US ambassador to Austria Alexa Wesner, talked about the differences in the start-up scenes.
May 8, 2014
Prime Minister Edi Rama: Albania’s European Renaissance
Edi Rama, Prime Minister of Albania since 2013 is going to address the Bruno Kreisky Forum in Vienna.
May 8, 2014
EU Council Trying to Find a Way Out of Ukraine Crisis
Ahead of the European Council, which is currently taking place in Vienna under the Austrian presidency, Foreign Minister Sebastian Kurz declared not to expect a solution for the conflict in Ukraine.
May 6, 2014
Hypo Group to Shut Down Subsidiaries in Italy
Until the end of this year five subsidiaries in Italy will be closed.
May 6, 2014
Pewag Striving for Larger Market Share in US
The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014
Vranitzky: Joining EU One of the Most Courageous Steps
A symposium showed the EU Accession process of Austria in the early 1990’s in a new light.
May 6, 2014
“US Rolls Out Red Carpet for Austrian Industrial Enterprises”
Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.
May 5, 2014 · Updated: May 6, 2014; 13:25
Agenda Austria 2020: Economy = State
The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.
May 5, 2014
Federation of Industries: “Industrial Compact“ for European Competitiveness
The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014
Austria: Calls for More Competence in Real Estate Management Become Louder
Stock Exchange Guru Alexander Proschofsky and real estate expert Peter Hohlbein are fighting for a seat at Conwert’s administrative board. Proschofsky has been criticizing the strategy of the listed Austrian real estate company.
May 5, 2014
Slovenia: Bratusek Remains PM for Time Being
The date of the early elections in Slovenia will be determined this weekend.
May 3, 2014
Hypo Group: Shady Deals with Balkan Diplomats
The Austrian problem bank Hypo Group has troubles recovering debts.
May 3, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Austria: Hypo Group Investigation Committee to be Established?
Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?
May 2, 2014
Fitch Upgrades Rating for Slovenia
Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.
May 2, 2014
New Serbian Government Wants Speedy EU Accession
The new Serbian government is determined to accelerate the EU accession progress.
May 2, 2014
Austria: Hypo Reveals Profit Losses
The Austrian branch of Hypo Bank, which was privatized last December and is going to be renamed to Austrian Anadi Bank, has published the annual financial report for the year 2013.
April 30, 2014
Austria Gives up Bank Secret for United States
Austria and the US have signed an agreement for the exchange of fiscal data. However, the agreement could be renewed soon.
April 30, 2014
Hypo Group Further Losses to Be Expected
Huge losses by the sale of the SEE banking network could be expected.
April 30, 2014
Immofinanz: Changes at Executive Board
Immofinanz – Dietmar Reindl appointed to the Executive Board
April 30, 2014
Situation for Austrian Banks in Russia is “Sensitive”
According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
April 29, 2014
Slovenia: Early Elections Announced
Contrary to the expectations Prime Minister Alenka Bratusek will remain in office after her defeat in the power struggle with party member of Positive Slovenia (PS) Zoran Jankovic.
April 29, 2014
Spindelegger: “Arsonists Are to Blame Not Fire Brigade”
The downsizing of ailing bank Hypo Group Alpe Adria is a heavy burden for this year’s budget. According to Finance Minister Spindelegger, the deficit comes at 2.7 percent of GDP while public debts will soar.
April 29, 2014
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