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Read updated news about key politicians in Vienna's international community
Telekom Austria: No Need for Capital Increase
Against all rumors, Telekom Austria is doing just fine. As reported by “Handelsblatt” insiders claim that a capital increase, which was speculated on, is currently not an issue.
October 18, 2013
Nowotny Demands Same Rules for All Banks
Govenor Nowotny urges for a discussion about the capital requirements (Basel III) for banks, which applies only for the major banking institutes in the US but for all banks in Europe.
October 18, 2013
RBI Considers Participation in Hypo Group’s Bad Bank
In a radio interview with “Ö1”, Karl Sevelda, CEO of Raiffeisen Bank International (RBI), announced that he regards a particpation of his bank as possible.
October 18, 2013
Bulgaria to Encourage Chinese Investments
Investments from China in Bulgaria currently come at € 85m, reports SME Times.
October 18, 2013
„Czech Republic Does Not Fully Use Its Potential“
Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.
October 17, 2013
Mitterlehner: “2014 Will Become Significantly Better“
Austrian Minister for Economy Reinhold Mitterlehner considers the Austrian economy to be in a spirit of optimism as an upturn in Europe has become evident. According to him, 2014 is supposed to become “significantly better” than 2013.
October 17, 2013
Serbia: EU Candidacy to Accelerate Reforms
On the occasion of a meeting with head of the EU Delegation to Serbia, Serbia´s Prime Minister Ivica Dacic expressed his willingness to deepen the reform process.
October 17, 2013
Austria: RBI Expects Stabilization
Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.
October 17, 2013
Austria: Voestalpine Expects Same Results as 2012
CEO Wolfgang Eder expects the same level in profits as last year.
October 17, 2013
Austria: Decisions about Hypo Group Expected This Year
Decisions about the future of problem bank Hypo Alpe Adria will in all likelihood be delayed.
October 16, 2013
Bulgaria Supports Trans Adriatic Pipeline
During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).
October 16, 2013
Ukrainian Gas Pipeline Key Issue for EU Commission
A gas pipeline plan in the Ukraine is among the EU Commission’s key infrastructure projects.
October 16, 2013
Poland to Keep VAT Rates The Same Until 2015
In order to cut debts, the Polish government decided not to lower the level of VAT.
October 15, 2013
Solution to Croatian/Hungarian Mol Issue Expected Soon
The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.
October 15, 2013
Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.
October 15, 2013
Polish Airline LOT Staves off State Aid
Because of the effective restructuring measures, the airline carrier has fended off the need for a capital injection by the Polish state, accordint to Deputy Treasury Minister Rafal Baniak.
October 15, 2013
„CESEE Is Not the Devil Anymore“
Regarding the development of the CESEE equity market, Birgit Kuras, CEO of Vienna Stock Exchange (VSE) demonstrates optimism.
October 14, 2013
Ukraine’s EU Accession: Commission Still Positive
Stefan Füle, EU Commissioner for Enlargement and European Neighborhood Policy underlined once more Ukraine’s significant progress leading the country close to the European Union.
October 14, 2013
FX Loans: ECB Warns Hungary
ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.
October 14, 2013
Federation of Austrian Industries Urges for Reforms
IV (Federation of Austrian Industries) has high hopes. The next Austrian government has to implement a number of reforms, IV´s President Georg Kapsch says.
October 12, 2013
RBI Issues EUR 500 Million of Supplementary Capital
Strengthening of capital structure provided by this measure.
October 10, 2013
Polish Government to be Rearranged
On Wednesday Prime Minister of Poland Donald Tusk announced that there will be personnel changes in November within the government which will be presented in November.
October 10, 2013
Gazprom May Face Proceedings by Austrian OMV
OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.
October 9, 2013
Bratusek: “We Are Paying for Your Debts”
On Tuesday Slovenian Prime Minister Alenka Bratusek presented the budget draft for 2014 and 2015 to the members of parliament.
October 9, 2013
Hungary and Croatia to Solve MOL/INA Issue
Both Hungarian Minister of Foreign Affairs Janos Martonyi and his Croatian counterpart Vesna Pusic intend to solve the issue between Hungarian MOL and Croatian INA.
October 9, 2013
Serbia Gets Support by Former Italian Foreign Minister
On its path to EU integration, Serbia gets further well-known support.
October 8, 2013
Poland Hopes for Cheap Gas by Gazprom
The Polish government is hoping to be able to bargain prices with Russian energy giant Gazprom, Polish Minister for Economy Janusz Piechocinski announced today.
October 8, 2013
IMF Forecasts Only Minimal Growth for Austria in 2013
The International Monetary Fund (IMF) forecasts not even one half percent of GDP growth this year for Austria. However, 2014 has better chances for accelerated growth.
October 8, 2013
Poland: Amazon to Establish Three Logistic Centers
Leading online retailer Amazon will open three major logistic centers in Poland. According to the company’s own proclamation, this step does not relate to the latest striking problems in Germany.
October 8, 2013
Fekter Presses for Provisional Budget Financing
Finance Minister Maria Fekter (ÖVP) does not count on the government to present a budget draft in time, which was scheduled October 22 and involves the Finance Act until the end of the year.
October 8, 2013
Austria: President Prefers Grand Coalition
President Heinz Fischer has confirmed his wish for the formation of a grand coalition as this would be “the most reasonable solution”, according to him. Other possibilities were afflicted with too many uncertainties.
October 7, 2013
Romania: Bucharest Stock Exchange to Be Enlarged?
Ludwik Sobolewski, new CEO of Romania’s Bucharest Stock Exchange (BSE), is toying with the idea of enlarging the institution and making it a competition to Budapest, Vienna and Prague withing two years only.
October 7, 2013
Hungary Rejects Extradiction of Head of Mol
A Hungarian court rejected the extradiction of Zsolt Hernadi, who is alleged of having bribed former Croatian Prime Minister Ivo Sanander.
October 7, 2013
CA Immo to Sell Mercedes Benz Headquarters in Berlin
After selling Tower 185 in Frankfurt, CA Immo will now sell the headquarters of Mercedes Benz in Berlin. By this measure, debts will decline significantly for the Austrian real estate company.
October 7, 2013
Porr: Capital Increase and Rise in Profits Expected
CEO of listed Austrian construction company Porr Karl-Heinz Strauss is still in favor of a capital increase in 2014 or 2015 and calls upon the government to create “projects for the future”.
October 7, 2013
Bulgaria Takes out Schuldschein Note Loan via German Banks
The Bulgarian government has decided to take out a Schuldschein note loan in the amount of € 360m through German banks, media reports claim.
October 7, 2013
Voestalpine Expects Turnaround
The European demand in steel is increasing. Austrian steel manufacturer voestalpine expects the worst of the crisis for the steel industry to be over.
October 7, 2013
Political Crisis in Slovenia to Sharpen Further
The power struggle between Prime Minister Alenka Bratusek and Ljubljana´s mayor Zoran Jankovic escalates. Jankovic is said to receive more support from his party.
October 5, 2013
Sevelda: Not the Right Time for Capital Increase
In an interview with Financial Times (FT) Karl Sevelda, CEO of RBI, states that a capital increase would be difficult at the moment due to an unfavorable economic environment.
October 4, 2013
Keuschnigg Advises Austria to be Patient
According to Keuschnigg it was not possible to increase the core capital quota of the banks to the level necessary or to reduce public debts by 120 percent in two years only.
October 4, 2013
Austria: Downsizing Models for Hypo
Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.
October 4, 2013
Poland Increases Funding for SMEs
According to Polish Finance Minister Rostowski, the government plans on extending a funding program for the support of small and medium sized companies in order to improve the country’s economy.
October 3, 2013
UniCredit Toying With Idea of Take-Over in Poland
Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.
October 3, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
October 3, 2013
COO Daniel Riedl appointed CEO of BUWOG
The 20th Annual General Meeting (AGM) of IMMOFINANZ AG, Daniel Riedl was appointed as CEO of the subsidiary Buwog. Riedl will prepare Buwog´s IPO.
October 3, 2013
Austria: Pussyfooting around Forming Government Coalition
The Austrian People’s Party is picky in regard to choosing a coalition partner. So far the ÖVP has shown no interest in starting coalition talks with former partner SPÖ. However, there are not many options left.
October 2, 2013
Ukraine: Clashes between Police and Protesters
During a demonstration against the government in Kiev on Wednesday clashed occurred between police forces and around 400 supporters of the opposition.
October 2, 2013
Slovenia to Decide about Selling of Telekom Slovenije
The Slovenian government will decide upon the fate of Telekom Slovenije on Thursday, October 3.
October 1, 2013
Serbia’s EU Accession Talks to Start in January 2014
Talks on Serbia's EU accession to start no later than January.
October 1, 2013
Austria: Unemployment Will Not Stop Increasing
In September, the number of persons unemployed continued to increase while employment rose slightly. In total, a number of 335,661 persons were jobless which makes an increase of 13.8 percent on an annual comparison.
October 1, 2013
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