Vienna International Professional Services Industry News
Read the latest headlines about developments in the international service industry in Vienna and Austria
The Croatia-Connection of the Hypo Group
The recent arrest of former Croatian Prime Minister Ivo Sanader casts shadows on the Carinthian Hypo Group.
December 10, 2010
Difficult Times for Austrian Investors in Zagreb
The plan of an Austrian group of investors to build the largest shopping center in Europe in the Croatian capital threatens to fail.
December 10, 2010
Is Austria a Risk Country?
Due to its engagement in Eastern Europe, Austria is partially considered as a potential risk country. Lack of understanding for this assessment is shown by Austria.
December 10, 2010
Economic Chamber: No More Credit Crunch for Austria’s Businesses
A study by the Austrian Economic Chamber shows the high level of satisfaction of local businesses with their banks: the credit crunch has disappeared.
December 10, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-10)
Daily News Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 10, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
December 9, 2010
Conwert Appoints Volker Riebel as New CEO
Chairman of the Administrative Board, Johannes Meran: “With Mr. Riebel, we won an internationally recognised real estate professional as CEO.”
December 9, 2010
Volksbanken: State Aid to be Repaid
The Austrian Volksbanken (ÖVAG) will reportedly pay back more than the agreed € 300m of state aid in 2010.
December 8, 2010
Bavaria: "Hypo-Sale was Correct"
The issue Hypo Alpe Adria preoccupies not only the Austrian justice: Bavaria's Prime Minister Horst Seehofer defended the sale to Austria.
December 8, 2010
Austrian National Bank: Credit Shortage Has Been Overcome
The analysis of the Oesterreichische Nationalbank (OeNB, Austrian National Bank) on loan growth shows slowly recovering credit dynamics in Austria.
December 8, 2010
Financing Requirements for Building Societies
According to Basel-III regulations Austrian building societies will require amounts in the hundreds of millions to equip themselves with sufficient equity.
December 8, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 7, 2010
Raiffeisen Bank International's direct bank Zuno launches in Slovakia
Zuno, which target Internet-focused customers, launches operations in Slovakia. Additional CEE countries will follow in 2011.
December 6, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 6, 2010
Vienna Insurance Group Expands in Albania
The Acquisition of Interalbanian by the biggest Austrian Insurance company is successfully completed.
December 6, 2010
New Regulations for Bank Managers' Bonuses
Additional compensations for managers in the banking sector are subject to new regulations approved by the Austrian National Council. Payments will be deferred in time.
December 5, 2010
Hypo Group: Motives for Purchase of BayernLB Unexplained
In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.
December 5, 2010
Passing On of Bank Information: FMA Defends Itself
Since, according to Wikileaks, the Austrian Financial Market Authority (FMA) has passed on bank data to the U.S., a position has been taken about the issue.
December 5, 2010
Michaelis Leaves Austria's State Holding Company
The contract of Peter Michaelis, Chairman of The State Holding Company OIAG, expires in June 2011. There is disagreement over the succession in the government.
December 3, 2010
Triple-A Rating: Treichl vs. Nowotny
The Chairman of the Erste Group is not convinced anymore by Austria's financial policy; the Governor of the National Bank however, still stands on "AAA".
December 3, 2010
Stable Recovery of Austrian Economy
The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.
December 3, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 3, 2010
Vienna Stock Exhange: Winners and Losers (2010-12-02)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 2, 2010
Equity Requirements of Austrian Banks are € 18 billion
Due to the new Basel III regulations, Austrian banks will need a much stronger capital base by 2019. The estimation is € 15 billion to € 18 billion.
December 2, 2010
U.S. Sees Money Laundering Activities at Austrian Banks
Wikileaks has published notes of the U.S. Embassy in Vienna. There were allegedly money exchanges between Austrian banks and criminals.
December 2, 2010
Bawag is Profitable Again
The Austrian bank Bawag PSK, now owned by the U.S. fund Cerberus, is to have profits again this year: € 100m are expected.
December 2, 2010
aws is Commited to the Promotion of Technology
The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.
December 1, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 1, 2010
Kaufmann Group Builds for € 130 Million in Zagreb
The real estate Kaufmann group from Linz starts its second major project in the Croatian capital. The investment volume amounts to € 130 million.
November 30, 2010
Erste Group is Holding Repayment of Public Funds
The participation capital granted by the State following the bank crisis will only be paid back by the Erste Group after specifications of Basel III are set.
November 30, 2010
The Budget is Finally Set
After weeks of discussions about the 2011Austrian Federal Budget, the final details were announced today. There are very few amendments to the original project.
November 30, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 30, 2010
Massive Lay Offs at Hypo Group
The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.
November 30, 2010
Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria
Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.
November 29, 2010
Government Adapts Capital Gains Tax on Securities
Taxation will be implemented from October 1; loss compensation is allowed. There are no essential changes however.
November 29, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-26)
Daily News Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 26, 2010
Vienna Insurance Group Takes a 100% Stake in TBIH
VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.
November 26, 2010
Uniqa Records Sharp Rise in Premiums and Profit
Premiums went up by 10.2% to €4,655 m. Life insurance drives growth, with premiums up by 18.7% Profit increases by 142.7% to €103 m.
November 26, 2010
Polbank: Intesa Bids, Raiffeisen Still in the Race
In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.
November 25, 2010
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
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