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Austrian Households Hold Financial Assets Worth € 500bn

Last year, financial assets grew by 1.4% in nominal terms. New debts grew by 0.5% only.

Relevance: 1.00 · April 24, 2014

S&P: Hypo Group Bankruptcy Would Trigger Downgrade in Austrian Banking Sector

In case of a bankruptcy of the nationalized bank Hypo Group Alpe Adria, the three largest Austrian banks Erste Group, Bank Austria and Raiffeisen Zentralbank might be downgraded by one or two notches.

Relevance: 1.00 · March 8, 2014

Austrian Banking Sector Fears New Crisis in Russia

For both Bank Austria and Raiffeisen Bank International, the crisis in Ukraine is an enormous threat. What is more, Russia might develop into a serious danger for foreign banks.

Relevance: 1.00 · March 8, 2014

Austrian Banks Forced to Prepare in Case of Bankruptcy

From 2014 on, the Austrian Banks are required to start planning the emergency scenario in case of a liquidation in order to be able and react more quickly.

Relevance: 1.00 · November 7, 2013

Hypo Group Alpe Adria: Austrian Government Is Helpless

The nationalized lender urgently needs a sustainable future concept. In reality, however, uncertainty is dominating.

Relevance: 1.00 · January 27, 2014

Austrian Raiffeisen Sector to Create Risk Fund

In order to establish a cross-guarantee system, the Austrian Raiffeisen sector has to create a risk fund in the amount of € 400m.

Relevance: 1.00 · January 27, 2014

Hypo Petition Puts Pressure on Austrian Government

The support of the online petition for the establishing of an investigation committee has gained more than 105,000 supporters which puts increasing pressure on the government.

Relevance: 1.00 · March 28, 2014

Austrian Banking Industry Depends on Russia and Czech Republic

For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.

Relevance: 1.00 · December 12, 2013

Moody’s Raises Outlook on Austrian Banks

Rating agency Moody’s has raised the outlook on five Austrian Banks.

Relevance: 1.00 · March 7, 2014

Austrian RBI Under Pressure

The Austrian National Bank (OeNB) and the Austrian Financial Market Authority (FMA) want Raiffeisen Bank International, the second-biggest lender in CESEE, not to repay the participation capital.

Relevance: 1.00 · April 2, 2014

Austrian Oberbank Shines in Hungary

Austrian Oberbank bucks the trend of terminating business activity in Hungary. Instead, the financial institute plans on growing in one of the most difficult markets in Europe.

Relevance: 1.00 · May 22, 2014

High Potential for Austrian Investments in Moldova

Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.

Relevance: 1.00 · May 22, 2014 · Updated: May 22, 2014; 13:05

Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014

On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

Relevance: 1.00 · May 20, 2014

Austrian Trade Mission to Lagos, Nigeria

Several Austrian companies from various industry sectors are looking for strong local partners and new opportunities for cooperation in Lagos.

Relevance: 1.00 · May 20, 2016

Wifo: Austrian Economic Growth Still Sluggish

Seasonally adjusted and corrected for working day effects, GDP increased by 0.2 percent compared to the second quarter. The upturn becomes evident only in a very moderate pace.

Relevance: 1.00 · December 9, 2013

Ukraine: Austrian Banks Reopened Branches

After the political disaster in the Ukraine all bank shops in the country’s capital Kyiv have opened again on Monday.

Relevance: 1.00 · February 25, 2014

Recovery of Austrian Economy Continues

Austrian economy continues its recovery despite weaker upswing.

Relevance: 1.00 · March 17, 2014

Austrian Finance Minister Michael Spindelegger Quits

Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.

Relevance: 1.00 · August 26, 2014

Hypo Group: „Austrian Government Has Negotiated Poorly“

In the cause of the nationalized Balkan lender Hypo Group Alpe Adria, the performance of the Austrian government is miserable, according to Austrian economist Christian Keuschnigg.

Relevance: 1.00 · February 16, 2014

Stable Outlook for Recovery of Austrian Economy

The outlook for economic improvement has stabilized. Both Wifo’s economy test and Wifo’s early indicator point to an upward trend.

Relevance: 1.00 · November 8, 2013

Austrian Insurance Companies to Grant Credits

The Financial Market Authority has given green light to Austrian insurance companies for handing out loans. Insurers hope for an improvement in investment income.

Relevance: 1.00 · December 4, 2013

Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (1/2)

In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.

Relevance: 1.00 · February 4, 2014

Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (2/2)

In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.

Relevance: 1.00 · February 4, 2014

Austrian Bank Secret Remains Until 2017

Austrian Finance Minister Spindelegger will present proposals for amendments of the EUSD tomorrow.

Relevance: 1.00 · March 10, 2014

Austrian Investment Funds Report Generally Positive Performance in May

Austrian investment funds recorded a mostly positive y/y performance at the end of May. Of the 1,604 funds operating on the market for at least one year, 1,338 showed a positive performance, while 262 of them saw a y/y negative performance. Four funds saw no change of the asset volume.

Relevance: 1.00 · June 16, 2014

Business Indicator: Austrian Economy Makes a Subdued Start to the New Year

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The renewed decline of the Business Indicator in December, taking it into negative territory, was influenced by the generally gloomier sentiment in the Austrian economy, which deviates to some extent from the trend seen across Europe.

Relevance: 1.00 · January 16, 2015

Austrian Chamber of Commerce Hosts the "Make in India" Launch Event

The Indian Embassy in Vienna in cooperation with the Austrian Chamber of Commerce, organized the "Make in India" launch event at the WKO in Vienna. The main focus of the event was the recently announced “Make in India” campaign.

Relevance: 1.00 · October 15, 2014

Austrian Development Agency Celebrates 10 Years, 3.000 Projects and EUR 900 Mln Invested

„In the last 10 years, we have contributed to the improvement of the lives of millions of people in our partner countries with 3.000 projects and approximately €900m”, says Federal Minister Sebastian Kurz on the occasion of the Austrian Development Agency’s (ADA) anniversary, in the Museum of Ethnology in Vienna. The ADA is active in 11 core countries on four continents, combating poverty, securing peace and working for improved environmental protection.

Relevance: 1.00 · October 17, 2014

Speech by Austrian Foreign Minister Kurz at the UN General Assembly

Following is the recent speech by Foreign Minister Sebastian Kurz on the occasion of the 69th UN General Assembly. Vindobona believes that this is a brilliant speech, which shows how a neutral country like Austria can make a constructive contribution to the solution of pressing international challenges.

Relevance: 1.00 · October 17, 2014

Austrian Real Estate: Prices to Increase only in Vienna

While the property price level does not stop to increase in Austria´s capital, the rest of Austria faces stagnating property prices.

Relevance: 1.00 · February 12, 2014

Schoeller-Bleckmann Oilfield Equipment AG / Publication pursuant to sec 82 (9) Austrian Stock Exchange Act in conjunction with secs 4 and 5 Austrian

Relevance: 1.00 · March 31, 2014

Final Time-Out for Austrian Bank Secret

During the EU Summit the final time-out for the Austrian bank secret for foreigners was decided. Both Austria and Luxembourg agreed to give up their banking secrets.

Relevance: 1.00 · March 21, 2014

CESEE: Austrian Banks Face New Challenges

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.

Relevance: 1.00 · November 26, 2013

Faymann: Austrian State Finances are Stable

Chancellor Werner Faymann rejects the opposition’s claim that Austria is on its path to national bankruptcy.

Relevance: 1.00 · December 3, 2013

Austrian Real Estate Market Shrinks

In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.

Relevance: 1.00 · March 6, 2014

Eder: Austrian Industrial Location Not Attractive Anymore

Austria may lose one of its most important industrial flagships. Wolgang Eder, CEO of the Vienna-listed steel manufacturer voestalpine threatens to leave Austria.

Relevance: 1.00 · April 18, 2014

Austrian Banking Sector: Less Banks, More Employees

Since 2000, the number of employees was up by 2,600 in the Austrian banking industry. In the same period, 165 bank shops were closed. Nevertheless, Austria is still over-banked.

Relevance: 1.00 · April 22, 2014

Austrian Banking Sector: € 35bn NPL

Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.

Relevance: 1.00 · December 9, 2013

OeNB Calls on Austrian Banks to Strengthen Their Capital Base Further

Presentation of the Financial Stability Report 26 of the Oesterreichische Nationalbank (OeNB).

Relevance: 1.00 · December 11, 2013

Austrian GDP per Capita Second-Highest in EU

In terms of GDP per capita, Austria is the second-richest EU country.

Relevance: 1.00 · December 12, 2013

Austrian SME Suffer from Credit Shortage

The real economy benefits only partly from the low interest rates. According to Creditreform, borrowing becomes more and more difficult for small and medium-sized enterprises.

Relevance: 1.00 · December 20, 2013

Austrian Public Debt Reaches New High

The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.

Relevance: 1.00 · December 30, 2013

Austrian Real Estate Market Cools Down

While urban rented apartments will grow moderately, the commercial property market is expected to shrink significantly.

Relevance: 1.00 · January 2, 2014

Hungary: Austrian Farmers Still Left in the Dark

There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.

Relevance: 1.00 · January 9, 2014

Causa Aliyev: Austrian Justice Minister under Pressure

Austrian Justice Minister Brandstetter has registered more former members of the Kazakh secret service than was previously known.

Relevance: 1.00 · January 16, 2014

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

Relevance: 1.00 · April 27, 2016

Bank Levy: Austrian Regional Banks Under High Pressure

The Austrian government will raise the bank levy significantly. Smaller banks have to perform disproportionately high taxes, Oberbank´s CEO Franz Gasselsberger says.

Relevance: 1.00 · January 16, 2014

Austrian State Sues Six Banks

The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.

Relevance: 1.00 · January 17, 2014

Audit Court Criticizes Austrian Government Sharply

Josef Moser, president of the Austrian Audit Court, has sharply criticized the government’s resolution.

Relevance: 1.00 · January 17, 2014

Only 3 Austrian Delegates at the St. Petersburg International Economic Forum 2014

Thousands of economic experts, businessmen and policymakers are currently in Russia's northern capital St. Petersburg for the 18th annual investment forum. Less foreigners are attend this year, as CEOs have bowed to political pressure to cancel.

Relevance: 1.00 · May 23, 2014