Vienna International Community - Top Politicians - Latest Headlines

Read updated news about key politicians in Vienna's international community

Personnel Changes in the Managing Board of Czech VIG Subsidiary

The Austrian Vienna Insurance Group reshuffles the board of the Czech Kooperativa.

October 5, 2011

Andritz: Strong Rise in Sales Expected

At the Andritz Capital Market Days 2011, CEO Wolfgang Leitner today specified the sales and earnings targets of the Austrian technology group for 2011 and 2012.

October 5, 2011

BMW Austria Fears Lack in Skilled Labor

The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.

October 4, 2011

Androsch „Another Three to Four Billions for Hypo Group“

The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”

October 4, 2011

Kovats Blames Creditors and Penta

Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan

October 4, 2011

Mitterlehner: „Settlement of Headquarters Key Question for Austria“

The Austrian Minister of Economics, Reinhold Mitterlehner, wants to push the development of the domestic location through improving framework requirements steadily.

October 4, 2011

Atrium Appoints New CFO

The Vienna-listed Atrium European Real Estate Limited, a real estate company focused on shopping centres in Central and Eastern Europe, announces the appointment of David Doyle as CFO, with effect from 1 January 2012.

October 4, 2011

Hostile Takover of Telekom Austria?

According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.

October 3, 2011

A-Tec: Investors Call Kovats to Resign

The founder and CEO of the Austrian technology group A-Tec Mirko Kovats comes under fire. Wilhelm Rasinger from the Austrian investor´s representation asks Kovats and the liquidator Matthias Schmidt to step down.

October 3, 2011

Erste Group´s CEO: „The Situation is Serious“

Andreas Treichl, CEO of the Austrian Erste Group considers to delay the repayment of the Bank Aid.

October 1, 2011

A-Tec to be Dissolved

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

October 1, 2011

Sergey Monin Appointed as CEO of Raiffeisenbank in Russia

He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.

September 30, 2011

New Chief Financial Officer for Immofinanz

Birgit Noggler was appointed to the Executive Board of the Austrian real estate company. She will take up the post on 1 October.

September 30, 2011

A-Tec: Kovats Cancels Sale to Contor

The Austrian conglomerate needs another € 90m in order to fulfill the restructuring plan. A new general meeting will be held.

September 28, 2011

Intercell Looking for Private Equity Shareholder

According to Bloomberg, the Austrian pharmaceutical company negotiates with potential investors in order to strengthen the equity base.

September 27, 2011

Lenzing Confirms Weninger as CEO

The Austrian fiber manufacturer Lenzing Extends Management Board Mandate of Friedrich Weninger.

September 27, 2011

Rise in Turnover for Verkehrsbüro

The Austrian travel agency group records a rise in turnover up to € 850m.

September 26, 2011

New Subsidiary for Rabmer Bau in Poland

The Austrian construction group, which is spezialized in renovating canal systems, established a new company in Poland.

September 26, 2011

AUA Supervisory Board Appoints Jaan Albrecht as New CEO

The Executive Board team of the Austrian carrier was increased to three members. Jaan Albrecht takes over the position of Chief Executive Officer (CEO).

September 22, 2011

New Board Member at ÖBB-Infrastruktur AG

Siegfried Stumpf succeeds Herwig Wiltberger, who retires from the Board on health reasons at the end of November.

September 22, 2011

IMF: „NPL in Eastern Europe Decreasing“

After the announcement of the Hungarian government to convert foreign currency loans at the expense of banks, the IMF has good news for Austrian banks.

September 21, 2011

German and Austrian Economy Claim Improvements for Company Loans

Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.

September 20, 2011

Austerity Package at Vienna International Airport

The two new CEOs of Flughafen Wien, Julian Jäger and Günther Ofner announce to stop hiring new employees and to create a more efficient organizational structure.

September 20, 2011

OMV Board Member Werner Auli to Leave Executive Board

After nearly 25 years of active service at the Austrian oil and gas company OMV, Werner Auli will be stepping down as a member of the Executive Board due to health reasons at the end of 2011

September 19, 2011

FPÖ Claims New Currency Area

The chairman of the Austrian Freedom Party, Heinz-Christian Strache, calls for the creation of a “core Europe” with a new currency.

September 19, 2011

OMV Publishes New Strategy

Gerhard Roiss became CEO of the Austrian OMV six months ago. This week, Roiss will present the company´s strategy at the capital market´s day in Istanbul, Turkey.

September 19, 2011

Turnaround of RCA Is „Very Close“

The restructuring process of the Rail Cargo Hungaria, a subsidiary of the Austrian Federal Railways (ÖBB) is going on. The rail cargo segment reports better results than expected.

September 19, 2011

New Austerity Measures at RHI

The new CEO of the Austrian refractory manufacturer RHI, Franz Struzl, insists on the expansion to BRIC-countries and the sales target of € 2.0bn.

September 19, 2011

Austrian Minister of Science: € 1.00bn for Universities

Karlheinz Töchterle (ÖVP), announced that Austrian universities may receive € 1.00bn from 2013 to 2015 separately. However, critics already commented the plan.

September 12, 2011

Austria Considers Lawsuit Against Hungary

The Austrian Minister of Foreign Affairs, Michael Spindelegger (ÖVP) threatens Hungary to file a lawsuit at the European Court of Justice. Hungary plans to stress banks massively.

September 12, 2011

Trumpf Austria: „European Quality and Asian Cost Level“

In the last business year 2010/11, Trumpf Maschinen Austria was able to report substantial growth. The Austrian subsidiary of the German company still experiences no downturn of the business cycle.

September 12, 2011

New Major Shareholder for Telekom Austria?

After the exit of a U.S. fund, investor Ronny Pecik might acquire a substantial stake in the Austrian telecommunication group.

September 9, 2011

New Job for Former Finance Minister Pröll

Siemens Austria reduces the size of its Executive Board and appoints the former politician to its Supervisory Board.

September 9, 2011

Emporia Hires Boris Nemsic as Advisor

The telecom expert was appointed to the advisory board of the Upper Austrian manufacturer of mobile phones for elderly people.

September 8, 2011

Saloon Talks in Polish Ambassy: „Europe Needs New Leadership“

In the Polish Ambassy in Vienna, the former Prime Ministers of Poland, Aleksander Kwasniewski and Austria, Wolfgang Schüssel, talked about their vision for the European Union.

September 8, 2011

RHI AG: Change in the Management Board

Henning E. Jensen informed the Supervisory Board of RHI AG today that he will resign, with immediate effect, from his function as the CEO of RHI AG on his own request.

September 7, 2011

CEE Economic Forum: Green Trends for Eastern Europe

In 2011, Forum Velden in Carinthia celebrates its 5th anniversary. Since its foundation in 2006, over 1.500 experts, top-managers and politicians from over 25 countries have participated in the Forum.

September 7, 2011

IMF Puts Pressure on Austria

The IMF shows itself content with the Austrian post-crisis policies. But now, Austria has to reduce new indebtedness.

September 7, 2011

Federation of Austrian Industries: “No New Taxes!”

The debate about the introduction of property taxes in continues. The Institute of Economic Research (WIFO) approves such taxes.

September 6, 2011

Joschka Fischer: „Nabucco is in time“

The former Minister of Foreign Affairs of Germany, Joschka Fischer, is optimistic regarding the realization of the Nabucco Gas Pipeline.

September 6, 2011

Leitl: „Austrian Economy Suffers from Lack in Skilled Labor“

According to Christoph Leitl, President of the Austrian Chamber of Commerce, 70% of all enterprises have difficulties in finding highly-skilled workers.

September 6, 2011

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