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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
Power International Limited continues legal battle with Meinl Bank
The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.
June 22, 2010
EU has doubts about realignment of Hypo Alpe Adria
The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.
June 22, 2010
Power International Limited - AGM approves all resolutions
All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.
June 22, 2010
Markus Jochum as new CEO of Hypo Tirol
Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.
June 21, 2010
Hypo Alpe Adria - shareholders' meeting approves capital increase
€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).
June 21, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Finance Minister Pröll against publication of stress tests
Finance Minister Josef Pröll has expressed his discontent at a press briefing this afternoon about the current European debate on the publication of stress tests of individual banks based on the U.S. model.
June 16, 2010
Hungary - Orbán's crusade has what it takes for an export success
Viktor Orbán could have used his appearance at the IIF conference in Vienna to refurbish the image of his bankrupt government.
June 15, 2010
Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna
Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.
June 15, 2010
Konrad confirmed as advocate-general for Raiffeisen
Christian Konrad is elected for another four years.
June 15, 2010
Survey - Restrictive lending in Austria
In a survey of the Credit Protection Association (KSV 1870) entrepreneurs declared, that borrowing is currently slow, and the allocation restrictive.
June 14, 2010
ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m
ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.
June 14, 2010
Pröll - Austria will introduce a bank tax in a solo attempt.
"The bank tax will be discussed together with the banks and it will be implemented, I stand for that," announced Finance Minister Pröll.
June 11, 2010
Green Party Vienna sharply criticises the Summit Bank
"Scandalous interplay of politics and banks'
June 11, 2010
Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis
Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".
June 10, 2010
IIF Meeting - Viennese outcry against Basel
At its meeting in Vienna on Thursday, the World Bank Association IIF (Institute of International Finance) presented a study on the impact of stricter banking regulations.
June 10, 2010
ÖBFA wants to sell more government bonds to the public
The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.
June 8, 2010
Raiffeisen launching Zuno
Raiffeisen International is starting a direct bank with the pretty name Zuno, which will start this year in Slovakia.
June 8, 2010
Raiffeisen banks are approaching reunification
Raiffeisen International, performed better than expected in the first quarter of 2010.
June 8, 2010
123people wins Venture Capital & Private Equity Award 2010
Jury commends startup success story, "Made in Austria"
June 8, 2010
Institute of International Finance meeting in Vienna - Soros, Papandreou, Ackermann participating
The IIF expects a large gathering of the world’s leading bankers and investors to attend the 2010 IIF Spring Membership Meeting.
June 7, 2010
Schieder wants ban on short selling
The Financial Secretary sees Germany as role model.
June 4, 2010
Presentation of local top companies to institutional investors in New York
A roadshow will be presented in New York for the first time a cooperation between Crédit Agricole Cheuvreux and the Vienna Stock Exchange.
June 4, 2010
Annual Economics Conference of the OENB discusses “Central Banking after the Crisis”
Each spring, the Economics Conference of the Oesterreichische Nationalbank (OeNB) provides a forum for policymakers, academics and the interested public to discuss topical issues in economic policy.
May 31, 2010
Banks are approaching reunification
Raiffeisen International, the listed Ostbankenholding of the sector, has ended the first quarter of 2010 better than expected.
May 31, 2010
Chief Justice - AvW to pay investors
The Supreme Court declined a revision. The ruling is regarded as indicative of the current 400 million euro investment scandal.
May 31, 2010
Uniqa - First quarter with more profit and premium income
The listed company Uniqa insurance managed to increase first quarter profit and premium income.
May 28, 2010
Hypo-Alpe-Adria - Carinthia and Bayern to co-operate
For the first time in the history of judicial prosecution, Munich and Klagenfurt agreed to a formation of a "joint investigation team ", in the case of Hypo-Alpe-Adria-scandal.
May 28, 2010
Austrian federal government is now sole owner of the Federal Reserve
The price fluctuations in international currency markets helped the Austrian National Bank (OeNB) in 2009 to a strong profit increase.
May 27, 2010
New FMA standards against money laundering
In the future, all transfers in Austria can be traced back; donations to certified organizations and payments of up to € 1000 are exempt.
May 27, 2010
Warimpex successfully completes capital increase
In a difficult environment on the financial markets Warimpex successfully completed its capital increase by placing 14,400,001 new ordinary shares, representing approximately 36% of the existing share capital.
May 27, 2010
OeNB Raised its Operating Profit to EUR 318 Million in 2009
In 2009, the Oesterreichische Nationalbank (OeNB) achieved a somewhat higher operating profit than in 2008.
May 27, 2010
AGM of C-QUADRAT Investment AG
C-QUADRAT Investment AG achieved a significant year-on-year increase in its consolidated net profit for the year and looks back on a successful financial year 2009.
May 27, 2010
Leitl - No to Bank tax charged - European financial transaction as better solution
"The economy needs a permanently stable financial system. But not at the expense of savers and Investors"
May 26, 2010
Manfred Url succeeds Erich Rainbacher as CEO of Raiffeisen Bausparkasse
Manfred Url succeeds Erich Rainbacher as CEO of Raiffeisen Bausparkasse, Johannes Schuster joins the board of RZB.
May 21, 2010
Sberbank partially repays subordinated loan to the Central Bank, positive signal to creditors
Sberbank, the largest bank in Russia and CIS, announced that it had redeemed the first RUB 200 bn tranche of the RUB 500 bn subordinated loan from the Central Bank of Russia.
May 21, 2010
Sparkassen Immobilien AG - Results of AGM
Stock exchange-listed Sparkassen Immobilien AG announces that the 75% majority required for the approval of the resolution in agenda item 7 with respect to the rights of participating certificates to conversion into ordinary shares was not achieved.
May 21, 2010
Immofinanz makes a hop – soon more shares on the market
Despite the announcement that in the coming months 55 million shares will be placed on the market, the share Immofinanz responded with an increase to the agreement with Constantia BV.
May 21, 2010
Solo attempt at transaction tax is possible says Chamber of Labour
"At purchase of every sausage roll a value-added tax is due, then why don’t financial speculators have to pay no sales tax for market transactions?
May 21, 2010
Sparkassen Immobilien AG starts 2010 with a strong first quarter
Stock exchange-listed Sparkassen Immobilien AG has started the financial year 2010 with a strong first quarter: the major financial indicators have improved significantly compared with the same period last year.
May 20, 2010
Vienna Insurance Group in the first quarter of 2010 - Best first quarter in the corporate history
In the first quarter of 2010, Vienna Insurance Group reported a total of premiums written of EUR 2.53 billion.
May 20, 2010
Solo attempt as an infringement of regulation
It sounds uneventful, also hardly known by relevant experts however contains explosive substance in the context of the debated transaction tax.
May 20, 2010
CEESEG - Institutional Investors’ Demand Increasing Again
The institutional investors’ demand for the companies listed on the member exchanges of CEESEG is growing again after the difficult market situation following the financial crisis.
May 19, 2010
Three Austrian firms amongst the top hundred Red Herring finalists
Three Austrian firms are amongst the top finalists fort his year’s „Red Herring Europe award“: Flimmit, Mobilizy and Nabriva Therapeutics Inc.
May 19, 2010
National Council pro "Euro security shield"
Social Democrats SPÖ, People Party ÖVP and Green Party members Van der Bellen and Moser vote pro coalition while the freedom party rejects the referendum.
May 19, 2010
Romania - BRD Groupe Société Générale to overtake the largest bank Banca Comercială Română (BRC)
Ambitious goals for the Development Bank Romania (BRD): The second-largest institute of the country that belongs to the French Societe Generale (SG) wishes to ascend to the largest bank in Romania by 2015 - and thus pass “Erste” subsidiary BCR.
May 18, 2010
Transaction tax - SPÖ plans a referendum
The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.
May 18, 2010
WIFO-head - transaction tax yes, but not solo
If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.
May 18, 2010
Transaction tax is favourable to bank tax according to WIFO
According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.
May 17, 2010
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