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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
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
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
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
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
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
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 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 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
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 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
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
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 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
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
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
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
Shortages in Austrian Real Estate Market
The Austrian real estate association (ÖVI) warns of a low building activity. There is a lack of more than 10,000 new housing units per year, ÖVI argued.
Relevance: 1.00 · January 8, 2014
Austrian Division of Hypo Alpe Adria Managed to Turn A Profit
In the past half year the Austrian division of nationalized bank Hypo Group made small profits.
Relevance: 1.00 · August 20, 2013
Adria Airways to be Acquired by China Southern Airlines
Chinese Southern Airlines wants to gain a foothold in the Slovenian air traffic sector. Besides Adria Airways, Ljubljana Airport will be privatized.
Relevance: 1.00 · August 25, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
Relevance: 1.00 · August 27, 2013
Poland: RCB Roadshow with Twelve Listed Austrian Companies
On Wednesday Polish investors will get together with managers of listed Austrian enterprises.
Relevance: 1.00 · September 3, 2013
Eight Austrian Banks to be Supervized by ECB
The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.
Relevance: 1.00 · September 6, 2013
Austrian Banking Sector Proves Stable
The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.
Relevance: 1.00 · September 18, 2013
Fekter: Austrian Budget Gap Based on Unfavorable Economic Forecast
Yesterday afternoon current Finance Minister Maria Fekter and State Secretary of Finances Andreas Schieder met with the parliamentary budget committee. The opposition parties demanded answers and clarification in regard to the budget gap.
Relevance: 1.00 · November 19, 2013
Austrian Bank Tax Paid By Bank´s Customers
The Austrian Institute of Advanced Studies (IHS) reports that it is “likely” that banks shift the burden to their customers.
Relevance: 1.00 · September 26, 2013
Austrian Elections 2013: Governing Parties Lose Moderately
The Austrian political landscape has changed. New parties will enter the Austrian Parliament. Nevertheless, there is no realistic alternative to the “grand coalition” between SPÖ and ÖVP.
Relevance: 1.00 · September 29, 2013 · Updated: September 29, 2013; 17:59
Austrian Real Estate Market: “Small Market in Good Shape with Potential”
The Austrian real estate market is a small, stable market with net cash flow returns of around 5 percent in the last nine years. This is the result published in Bank Austria´s report “Real Estate Country Facts”.
Relevance: 1.00 · September 27, 2013
Austrian Commercial Real Estate Market on Right Track
Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.
Relevance: 1.00 · September 27, 2013
Austrian Industrial Sector Remains Cautious
Although the macro-economic frame conditions have brightened a bit, the outlook is mixed.
Relevance: 1.00 · September 27, 2013
Austrian Real Estate Market: Residential Housing Still Affordable
Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.
Relevance: 1.00 · September 27, 2013
Austrian Property Market: Housing Still Affordable
The Austrian real estate market is characterized by the low home ownership rate. In a European comparison, costs are below-average.
Relevance: 1.00 · December 7, 2013
Austrian FDI Worth Less than in 2003
Due to the financial crisis after 2008, foreign investments of Austrian investors have lost in value dramatically.
Relevance: 1.00 · December 7, 2013
Austrian Industrial Sector Well Positioned in International Competition
In 2012, the Austrian industrial sector was well positioned in the international competition, according to a study by the Austrian Institute for Economic Research (Wifo).
Relevance: 1.00 · October 14, 2013
Austrian Banks Expected to Pass Auditing
According to the financial supervisors, the Austrian banks are likely to pass the ECB’s (European Central Bank) auditing since there are no significant adjustment requirements.
Relevance: 1.00 · October 23, 2013
Higher Cost Pressure for Austrian Banking Industry
Due to national and international regulations, Austrian banks have to bear higher costs than their foreign competitors.
Relevance: 1.00 · October 31, 2013
Austrian Banks Demand Cut in Bank Levy
Major banks in Austria demand tax reliefs in return for a participation in Hypo Group Alpe Adria’s bad bank.
Relevance: 1.00 · November 5, 2013
Austrian Banks: “Less than No Interest” in Bad Bank Participation
According to Felderer, Austrian major banks have “less than no interest” in a participation of a Hypo Group’s bad bank.
Relevance: 1.00 · December 17, 2013
Austrian Real Estate Market: Prices Stagnate on a High Level
After the boom in the last years, the Austrian real estate market has lost momentum. Next year, the price level will not move up further.
Relevance: 1.00 · December 17, 2013
Executives of Austrian Companies in the US and Canada Met in Chicago
For the second time, the Annual Conference for Executives of Austrian Subsidiaries returned to Chicago. A group of renowned financial, legal, economic experts and consultants presented an outlook on the business environment as well as forecasts for the US and Canadian economies to an audience of some 100 top-level Austrian executives and important decision makers from a variety of industries.
Relevance: 1.00 · October 8, 2015
Austrian President and Various Ministers at the UN-General Assembly
Federal President Dr. Heinz Fischer, Foreign Minister Sebastian Kurz, Minister for Agriculture, Forestry, Environment and Water Management Andrä Rupprechter and Minister for Education and Women’s Affairs Gabriele Heinisch-Hosek were in New York on the occasion of the leader’s week opening the 70th General Assembly of the United Nations (UNGA).
Relevance: 1.00 · October 8, 2015
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 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 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 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 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 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
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
