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Vienna International Community - Top Politicians - Latest Headlines
Read updated news about key politicians in Vienna's international community
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Low-Cost Gas Stations on Unused ÖBB Property
The Austrian Federal Railways (ÖBB) have signed a framework contract with Markus Friesacher for up to 35 low-cost gas stations on dormant property.
October 19, 2010
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A-Tec CEO Kovats: Refunding After 2nd November Possible
“There will be a solution.” Discussions with investors continue.
October 18, 2010
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Industry Representatives are Satisfied with New Skilled Workers Regulation
Industry sees the new based immigration model based on criteria as a viable compromise.
October 18, 2010
Do & Co Expands Rapidly in Turkey
After the successful expanion with Turkish Airlines, Do & Co plans to enter the event-catering market
October 18, 2010
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Airport Vienna-Schwechat: A New Concept is Called For.
The future direction of the airport will be decided on in November. A change in leadership is in sight.
October 15, 2010
Austrian Post Cooperates with Swiss Post
The two companies plan a joint venture to bundle international activities in the field of addressed advertising mail.
October 15, 2010
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Magna-Steyr Member of the Board Apfalter becomes Europe Boss of the Magna Group
Apfalter stays on as Magna-Steyr CEO; Eibeck, as Europe Vice-President, is responsible for the Russian market
October 15, 2010
Strabag renews € 2 billion syndicated surety loan
Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).
October 13, 2010
OeNB Governor Nowotny Contradicts the Deutsche Bundesbank
"The ECB should not give up purchasing bonds". Although the bond purchase program of the ECB was not needed in recent weeks, Nowotny wants to go on having it "in reserve”. The German Bundesbank warns of a too late withdrawal.
October 13, 2010
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Global Financial Market System: Norbert Walter Urges for Regulation of Financial Markets
Economist Norbert Walter discussed world financial markets with Lower Austria Deputy Governor Sobotka and Hypo Lower Austria Chairman of the Board Harold at the HYPO Invest Club.
October 12, 2010
Wilhelm Molterer: Management Consultant Since Early October
Former ÖVP Vice Chancellor and Finance Minister Wilhelm Molterer (55) started working as a management consultant. Since early October, his EuroAdvisory GmbH based at Mahler Road 11, is operative in the Vienna city center .
October 12, 2010
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Manufacturer of Fine Glass Villiglas Strengthens Management
Visionary and heir of billions Philipp D.Merckle takes Joseph Lindenberg and Manfred Pesek into the management of the fine glass manufacturing company.
October 11, 2010
Post Boss Pölzl 3 Months prior to the Liberalization
Post Boss Pölzl allegedly looks ahead with confidence to free competition, even for traditional letters.
October 1, 2010
New Connection Between Mandarin Group and Karl-Heinz Grasser
Grasser invested money for his mother in law. According to reports, the connection between the Caribbean offshore company Mandarin and the ex-finance minister has been proven.
October 1, 2010
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UniCredit SpA has appointed Federico Ghizzoni as its new chief executive
Italy's biggest bank UniCredit SpA named central and eastern European head Federico Ghizzoni its chief executive as expected on Thursday and underscored its commitment to an international role.
October 1, 2010
Wolford - Werner Baldessarini to be appointed as a member of the supervisory board
Ex-chief of Hugo Boss, the Kufstein born Werner Baldessarini is to support the Austrian hosiery and underwear manufacturer Wolford.
September 29, 2010
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Deripaska: Back to Austria as Strabag Shareholder?
In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.
September 29, 2010
UniCredit: Andrea Orcel is Possible Successor to Profumo
Andrea Orcel, chief executive of the Global Banking and Markets division of Bank of America Merrill Lynch is rumored to be the favorite in the race to succeed the retiring UniCredit CEO Alessandro Profumo.
September 24, 2010
Elsner Provides Help in Finding Missing Bawag Funds
Former BAWAG CEO wants to clarify the fate of 1.7 billion euro of failed investments allegedly made by the speculator Wolfgang Flöttl to the detriment of BAWAG.
September 24, 2010
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Austria Continues Being the Largest Investor in Romania
"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"
September 23, 2010
Uniqa: Boss Klien Will Leave Mid-2011
The Supervisory Board of Uniqa has decided that CEO Konstantin Klien (59) will retire prematurely in mid 2011.
September 22, 2010
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Profumo Resigns: Bank Austria’s Parent Group UniCredit Under Pressure
The surprise departure of UniCredit CEO Alessandro Profumo is the talk of the town in the financial industry, also in Austria.
September 22, 2010
Mitterlehner Meets Hendry: Development of Renewable Energies
The Finance Minister met with the British Energy Minister Charles Hendry for talks about the energy policy in the EU, the development of renewable energy sources and increasing the security of energy supply.
September 21, 2010
Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned
After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.
September 20, 2010
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Austria's Management and Supervisory Boards’ Salaries on the Test Bench
The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.
September 20, 2010
Ferdinand Piëch: Fortune Transferred to Austrian Foundations
The 73-year-old Porsche co-owner and Volkswagen's supervisory board chairman Ferdinand Karl Piëch has bequested his fortune.
September 20, 2010
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CESEE Bank Conference: Joint Supervisory Academy in Vienna
Finance Minister Josef Pröll wants to create common standards for the CEE region with an Eastern Bank Supervisory Academy in Vienna.
September 17, 2010
Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying
The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.
September 16, 2010
Austrian Post Refurbishes its Board
ÖIAG boss Peter Michaelis gives green light for the refurbishment of the Post’s board. Meanwhile, rumors are growing that the changes will not only affect the parcels sector.
September 16, 2010
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ÖIAG Boss Michaelis Under Pressure
ÖIAG Boss Peter Michaelis considers that the "campaign" against him evidences that "the actual work of ÖIAG provides no target for criticism." He considers his 700,000-euro salary as justified.
September 15, 2010
Investkredit and ÖVAG: As Of Now, They Have a Common Board
In addition to CEO Gerald Wenzel, Wolfgang Perdich, Martin Fuchsbauer and Michael Mendel are also members of the common board. The merger of both financial institutions is to take place in early 2011.
September 15, 2010
Hypo: 700,000 € go from Berlin to KPMG
The auditing firm, formerly headed by the current Hypo-boss Kranebitter, received more money than previously known.
September 13, 2010
Hypo Alpe-Adria-Bank - The new Group Press Officer
Dominic Köfner to take on the role of Group Press Officer for Hypo Alpe-Adria-Bank International AG (HGAA)
September 9, 2010
Slovakia increases VAT temporarily
As soon as the budget is back on its feet, the tax will be 19 percent again, according to Prime Minister Iveta Radicova. A deficit of up to eight percent is forecast for 2010.
September 9, 2010
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Zotter intends to conquer German cities
The Styrian chocolate maker Josef Zotter wants to open chocolate shops in the German cities of Berlin, Hamburg and Munich. He is currently looking for experienced franchise partners.
September 9, 2010
Reorganiser Grossnigg is interested in S&T
The in deficit IT group S&T is about to be restructured. Format, the Austrian magazine, reports that reorganizer Erhard Grossnigg intends to take over the majority of shares.
September 9, 2010
Energy - Three offers for Verbund power plants
Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.
September 7, 2010
Berlakovich - Agricultural subsidies must not fall
ÖVP Minister of Agriculture Berlakovich rejected the demand of EU Budget Commissioner Lewandowski. The agricultural budget is one percent of the EU budget and can not continue to shrink.
September 7, 2010
Riedel opens office in Shanghai
Georg Riedel, head of family-owned glass maker Riedel, has announced plans to put more focus on the firm’s investment in China.
September 6, 2010
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OMV boss with possible prosecution
OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.
August 20, 2010
New management at S&T Austria GmbH
Eduard Bugelnig, Patrick Schnebel and Robert Latka take over management of the Austrian subsidiary of S&T.
July 23, 2010
Head of Erste Bank Treichl advocates stress test ranking
"Then, investors can visualize the results," said Treichl after a bankers' meeting with Trichet.
July 22, 2010
A-Tec Industries announces changes on Management Board
Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.
July 21, 2010
Karl-Heinz Strauss new boss of Porr
The Carinthian project developer and CEO of numerous private foundations and major shareholder of Porr Karl-Heinz Strauss is the new boss of the construction company.
July 15, 2010
Magna International AGM - Shareholders will vote about Frank Stronach’s future
The Austrian-Canadian supplier Magna International set a new general meeting for July 23rd, to vote about the retreat of founder Frank Stronach.
July 9, 2010
MAN-Chief
The Austrian Georg Pachta-Reyhofen remains at the top of the German trucks and engineering group MAN.
July 2, 2010
New management duo for Erste Bank Austria
Following the retirement of Bleyleben-Koren, the Bank will be lead by the duo Uher and Bosek.
July 1, 2010
S&T System Integration & Technology Distribution AG - Change to the Management Board
CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.
June 29, 2010
Stronach handing off control of Magna International
Shareholders decide on the planned restructuring of the international subcontractor- development of e-cars
June 28, 2010
Hirsch Servo shrinks Board
The listed Carinthian machine manufacturer and packaging supplier Hirsch Servo AG reduced its board. Chief Financial Officer Andrew Zois leaves the company, wanting to pursue new professional challenges.
June 28, 2010
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