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Vienna International Professional Services Industry News
Read the latest headlines about developments in the international service industry in Vienna and Austria


Risk Exposure of Austrian Banks: € 32 billion

The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.
November 25, 2010
aws Has Expansion Plans

The state-owned SME financing agency aws will double its fund volume to € 160 million, and extend its investments.
November 25, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-25)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 25, 2010
S Immo Records Profits Again

Vienna-based Sparkassen Immobilien AG records a successful operating performance in the first three quarters of 2010 after the weak year 2009.
November 25, 2010
CA Immo Returns Back to Black

CA Immo presents its Q3 Results: strong increase in EBIT to € 134.6m (2009: € -6.1m), net income grew to € 13.5m (2009: € -78.3m).
November 25, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-24)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 24, 2010
Wiener Privatbank SE Announces Q1-Q3 2010 Results

Wiener Privatbank records slightly decreasing results
November 24, 2010
Conwert Announces Q1-Q3 2010 Results

The Vienna-based real estate company records a good business development and a significant increase in earnings.
November 24, 2010
AE&E Files Insolvency Application

After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.
November 24, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-23)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 23, 2010
Management Board of UNIQA Versicherungen AG as of 1 July 2011

The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.
November 23, 2010
ECO Business-Immobilien AG Announces Q1-Q3 2010 Results

Vienna-based ECO Business-Immobilien AG records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
November 23, 2010


Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area

The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.
November 23, 2010
Meinl Bank Sues Atrium for € 1.2 billion

After Atrium instituted proceedings for damages against Meinl Bank before the High Court of Justice in London, Meinl Bank responded with a countersuit.
November 23, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-22)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 22, 2010


Atrium Announces Q1-Q3 2010 Results

Atrium European Real Estate, a real estate company focused on CEE countries, leaves the red and records a strong operational performance.
November 22, 2010
Volksbanken Group Announces Q3 Results

Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.
November 22, 2010
BKS and BTV Show Profit Growth

The two sister banks report strong profits. Expectations are cautiously optimistic.
November 22, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-19)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 19, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey

UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-18)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 18, 2010
Allianz Austria Announces Q1-Q3 2010 Results

With good results for the first nine months, both in the investment and the core business, Allianz could increase the net operating result by 27.3%.
November 18, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-17)

Daily News-Flash from tthe Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 17, 2010
Warimpex Announces Results of Q1-Q3 2010

Upward trend continues in the third quarter of 2010: Sales up by 21 percent.
November 17, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-16)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 16, 2010
Oberbank Announces Results for Third Quarter 2010

Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.
November 16, 2010
Merger Between Volksbanken and Investkredit

The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.
November 16, 2010
Hypo Tirol Regroups

The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.
November 16, 2010


Austria's Exposure in Ireland: 3.4 Billion Euro

Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.
November 15, 2010
C-Quadrat Investment AG Reports Q1-3/2010 Results

The fund management company records increasing income as well as rising profits.
November 15, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-12)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 12, 2010


AE&E: New Details on Negotiations

Negotiations over the troubled A-Tec's subsidiary AE&E continue, but they get an unexpected sideshow.
November 12, 2010
S&T Denies Bankruptcy Petition

The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.
November 12, 2010
Immofinanz Expands into the Czech Republic and Slovakia

Immofinanz established a new retail concept: STOP.SHOP. has grown in both importance and size in recent years. The Czech Republic and Slovakia are the most important countries.
November 11, 2010


Erste Group: Job Reduction in Hungary

The Austrian bank plans to cut 250 jobs in Hungary. Reasons are the bad loans and the introduction of the bank tax.
November 11, 2010


Basel III: Banks Expect Lower Profits

Private banks will have to adjust to lower profits because of Basel III regulations..
November 11, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-10)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 10, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-09)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 9, 2010
Immofinanz Starts Share Repurchase Program

Immofinanz buys back shares to refinance its convertible bonds. The program´s volume is estimated to € 137m.
November 9, 2010


Vienna Insurance Group: Robust Rise in Earnings and Profits

Vienna Insurance Group experienced a rise in profits by 10,9 percent. Premiums increased by 7,1 percent to € 6.5 bn.
November 9, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-08)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 8, 2010
A-Tec: No Agreement Yet

According to the boss of the Kreditorenschutzverbandes (KSV, Creditor Protection Association), Hans-Georg Kantner, there will still be no solution on today Monday. Negotiations are still underway.
November 8, 2010
Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver

The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.
November 8, 2010
Bank Boss Confirms: Bank Tax will be Passed on to Customers

Massive criticism of the federal government is also coming now from the boss of Raiffeisen Zentralbank (RZB). Bank customers will have to bear both the bank tax and the securities tax.
November 8, 2010


Bank Tax: Constitutional Concerns

Banks are to contribute a fixed tax amount based on the values given for 2010 for three years. Constitutional jurists consider this modus operandi as "highly questionable".
November 8, 2010


Vienna Stock Exchange: Winners and Losers (2010-11-06)

Daily News-Flash from the Vienna Stock-Exchange. Upgrades&Downgrades;, Winners&Losers;
November 6, 2010
Strabag: Time is Running Out for Deripaska

The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.
November 5, 2010
A-Tec: Compromise Between Banks and Creditors

The creditors of the ailing industrial group A-Tec have been able to reach a compromise with the banks to provide further financing for the Group.
November 5, 2010
Trichet Succession: The Austrian Nowotny Has Chances As Outsider

The European Central Bank (ECB) will appoint a new president in November 2011. The favorites are the German Axel Weber and the Italian Mario Draghi. But Nowotny has outsider chances.
November 5, 2010


Vienna Stock Exchange: Today´s Winners and Losers (2010-11-04)

Daily News-Flash from the Vienna Stock Exchange
November 4, 2010