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WKO: Austrian Enterprises Miss out on Potential in Turkey
According to a commercial councelor at the Austrian Chamber of Commerce (WKO) in Istanbul, Austria is focused too much on Eastern Europe. Switzerland exports triple the amount to Turkey.
Relevance: 1.00 · September 19, 2013
Rothensteiner: Austrian Sovereign Debt Rating Includes Bank Bail-Out
Unlike the rating agency Moody´s, head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner thinks that the Austrian sovereign debt rating is not endangered by the nationalized banking sector.
Relevance: 1.00 · December 20, 2013
Hypo Group: Fatal Errors of Austrian National Bank
Before Hypo Group Alpe Adria was nationalized in late 2009, the Austrian National Bank (OeNB) has misjudged the situation of the problem bank completely. The Austrian government demonstrates its incompetence once again.
Relevance: 1.00 · December 30, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
Relevance: 1.00 · October 3, 2013
Austrian Banking Sector Burdened Heavily With NPL
In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.
Relevance: 1.00 · September 2, 2013
Austrian Audit Court Criticizes Group Taxation
The costs of the Austrian group taxation model total about € 450m, the Audit Court said in a current report.
Relevance: 1.00 · July 19, 2013
ESM Charges € 262 From Every Austrian
The establishing of the European Stability Mechanism (ESM) burdens every Austrian citizens with an average amount of € 262. Luxembourg is the country contributing the most per capita followed by Ireland.
Relevance: 1.00 · September 24, 2013
Spindelegger Insists on Austrian Bank Secret
On Friday the Finance Ministry confirmed to the Austrian Press Agency (APA) that there is “momentum in the field” in regard to disclosure of information about bank accounts of foreigners.
Relevance: 1.00 · February 10, 2014
Hypo Österreich = Austrian Anadi Bank
Hypo Österreich will be renamed to “Austrian Anadi Bank”.
Relevance: 1.00 · February 20, 2014
Austrian Government Wants International Group of Experts
More and more voices for a parliamentary investigation committee for ailing bank Hypo Group Alpe Adria are being raised even within the SPÖ and the ÖVP. However, the government has other plans.
Relevance: 1.00 · February 20, 2014
Banks Jeopardize Austrian Triple-A Rating
In case further aids will become imminent, Austria could lose its rating.
Relevance: 1.00 · October 31, 2013
Austrian Business Location in Danger?
The Federation of Austrian Industries (IV) has carried out a survey on the Austrian business location. Most interviewees are pessimistic.
Relevance: 1.00 · December 14, 2013
Austrian Banking Industry Has to Fear Bank Tax Increase
At the end of this week, the Austrian social democrats and the conservatives agreed on continuing their coalition. Although the fiscal strategy is not fully known yet, a bank tax increase is likely.
Relevance: 1.00 · December 14, 2013
Federation of Austrian Industry Defends Group Taxation
The Federation of Austrian Industry (IV) argues that the Austrian business location would be endangered without the group taxation.
Relevance: 1.00 · July 20, 2013
Kapsch: Enormous Problems at Austrian Business Location
President of Federation of Austrian Industries (IV) Georg Kapsch confirms the criticism voiced by President of the Austrian Chamber of Commerce (WKO) Christoph Leitl and several other politicians by the Austrian People’s Party (ÖVP).
Relevance: 1.00 · August 28, 2013
Austrian Savings Quota Drops
Compared to 2012, Austrians have less financial room. The savings quota falls from 7.4% to 5.2%.
Relevance: 1.00 · October 11, 2013
Austrian Insurance Industry Records Positive Results
In the first half of 2013, the Austrian insurance sector registered an increasing premium income. Operating income was up substantially.
Relevance: 1.00 · October 8, 2013
Austrian Industrial Sector Fears Drop in Exports
In the first five months of 2012, Austrian exports were only up by 3%. The outlook is rather gloomy. The Austrian Chamber of Commerce demonstrates pessimism.
Relevance: 1.00 · July 18, 2013
Austrian Appointed Head of the OSCE in Albania
Austrian Minister of Foreign Affairs congratulates Ambassador Raunig on his appointment as head of the OSCE Presence in Albania.
Relevance: 1.00 · July 22, 2013
Hypo Group Alpe Adria: Harsh Criticism on Austrian Government
The Austrian opposition blames the government for concealing the biggest financial disaster in Austria´s history. Governor of the Austrian National Bank Ewald Nowotny is under fire too.
Relevance: 1.00 · February 6, 2014
Austrian Bad Bank Received Further State Aid
The Austrian Ministry of Finance injected € 150m into KA Finanz, the bad bank of the publicly held Kommunalkredit.
Relevance: 1.00 · February 6, 2014
Austrian Government Guarantees Stand at EUR 112.9 bn
Newly collected data by Statistics Austria on State guarantees (governmental contingent liabilities, potential obligations and assets) show guarantees of €112.9 bn at the end of 2013 (of which 52% are granted by the state and local government sectors).
Relevance: 1.00 · February 10, 2015
Austrian Doctor Treats Vladimir Putin in Moscow
Russian President Vladimir Putin, who has disappeared from the public eye since March 5th, is said to suffer from back problems, according to information from the "Kurier". He is now supposed to be treated by a Viennese orthopedic surgeon.
Relevance: 1.00 · March 15, 2015
Expansion Course of Austrian Banks Slowed Down
After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.
Relevance: 1.00 · January 16, 2014
Austrian Real Estate Sector: Sales Are Going Down
In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.
Relevance: 1.00 · August 6, 2013
Erste Paid Back € 1.22 to Austrian State
On Thursday, Erste Group announced that the participation capital in the amount of € 1.76 was paid back completely.
Relevance: 1.00 · August 8, 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
