Search: vienna-insurance-group

Austria: “Council of the Wise“ for Hypo Group

Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.

Relevance: 1.00 · February 25, 2014

Austria: Hypo Group Council to Strain Budget Even More

The Finance Ministry will appoint an international consulting team for the downsizing of nationalized problem bank Hypo Group Alpe Adria. However, costs are increasing dramatically by this step.

Relevance: 1.00 · February 25, 2014

Flughafen Wien Group Continues its Success Path:Substantial Growth in Passenger Volume, Revenue and Net Earnings in the First Half of 2017

Flughafen Wien AG continued its positive business development in the first half of 2017 - generating substantial increases in revenue and earnings - and thus its 25-year success story. Since the IPO of the Flughafen Wien AG share on June 15, 1992, the share price and enterprise value have increased five-fold.

Relevance: 1.00 · August 22, 2017

Telekom Austria Group - Results of América Móvil public tender offer (Ad-hoc)

Relevance: 1.00 · July 15, 2014

Century Casinos Delisting from Vienna Stock Exchange approved

Century Casinos, Inc. announced today that the Vienna Stock Exchange approved the delisting from the Vienna Stock Exchange.

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

Government Downplaying Effects of Hypo Group Desaster

Today, both Chancellor Werner Faymann and Finance Minister Michael Spindelegger had to explain their actions in regard to Hypo Group Alpe Adria in parliament.

Relevance: 1.00 · February 17, 2014

Austria: Hypo Group Reason for Major Budget Gap

The ailing bank is a major cause for the massive Austrian budget deficit increase. According to reports, up to € 1.3bn will be required even this year.

Relevance: 1.00 · November 11, 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

Erste Group: Shareholder Structure Changes

The core shareholder of Erste Group continues to reduce its stake in the third-biggest Austrian banking group.

Relevance: 1.00 · December 5, 2013

Hypo Group: No Alternative to Bad Bank

The time pressure on the Austrian government is growing day by day. The nationalized Austrian problem bank urgently needs a bad bank.

Relevance: 1.00 · January 14, 2014

Property Market: Vienna More Attractive than Berlin or Munich

Compared to German metropolises, the Viennese property market has still a significant upside potential. Nevertheless, the office market in Vienna is expected to stagnate in the next few years.

Relevance: 1.00 · January 15, 2014

Hypo Group: Other Downsizing Unit than Bad Bank?

Rumors about other models than a bad bank have appeared.

Relevance: 1.00 · January 15, 2014

Hypo Group: Calls for Bankruptcy Become Louder

The Austrian government wants to prevent the bankruptcy of the nationalized lender Hypo Group Alpe Adria. However, there are better arguments for an orderly insolvency.

Relevance: 1.00 · February 3, 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 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

Hypo Group: Further State Aid Necessary This Year

Finance Minister Spindelegger fears that nationalized problem bank Hypo Group Alpe Adria will require further state aids for its downsizing still within this year.

Relevance: 1.00 · March 10, 2014

Austria: Spindelegger Demands Valid Figures by Hypo Group

Finance Minister Michael Spindelegger demands valid figures from Hypo Group Alpe Adria before any further capital injections will be made by the Austrian state.

Relevance: 1.00 · March 15, 2014

Austria: Insolvency of Hypo Group Still an Option

Both the center of government and the Austrian National Bank (OeNB) reject Hypo Group’s bankruptcy. However, insolvency options are currently being assessed by the Finance Ministry and the Federal Law Office.

Relevance: 1.00 · December 4, 2013

Spar to Relaunch "Huma” Shopping Park in Vienna-Simmering

The starting signal for building work to turn the HUMA Shopping Center into probably the most modern shopping center in the capital has already been given in December 2014. A shopping center with more than 90 shops, restaurants, catering outlets and services, 2000 free parking spaces and 800 jobs is being built at a traditional location in Vienna-Simmering on a gross leasable area of 50,000 square meters.

Relevance: 1.00 · February 17, 2015

Warsaw Stock Exchange not to Merge with Vienna Stock Exchange

For the time being plans for the merger of the Vienna and Warsaw stock exchanges have been postponed. The Warsaw Stock Exchange (WSE) declared that it had decided to abandon plans for a merger with Vienna Stock Exchange (VSE).

Relevance: 1.00 · September 24, 2014

Vienna Culinary Festival at the Vienna Stadtpark

At the beginning of May, the Vienna Stadtpark will be turned into a place of epicurean delights: The "Genussfestival" will be a showcase for select culinary specialties from Austria.

Relevance: 1.00 · April 28, 2016

Music and Culture Festival Draws 30,000 Guests to the Vienna Danube Canal

The three-day music and culture festival will draw about 30,000 guests to the Danube Canal in Vienna again for the tenth time, from 27 to 29 May 2016. The watercourse running through the city center, which is normally a popular local recreation area, becomes the stage for numerous live concerts by mostly Austrian Indie bands on this weekend.

Relevance: 1.00 · April 29, 2016

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

IHS Rejects Hypo Group’s Bankruptcy

According to Keuschnig, it is also a question about a “national bankruptcy“.

Relevance: 1.00 · February 13, 2014

Real Estate: Vienna´s Office Market Saturated

In contrast to office markets in CESEE (Central, Eastern and Southeastern Europe), the Viennese office market has no major projects in the pipeline. The growth potential is rather limited.

Relevance: 1.00 · February 15, 2014

Wolf Theiss appoints new consultant and four new senior associates in Vienna, Bucharest and Ljubljana - BILD

Relevance: 1.00 · March 13, 2014

Hypo Group Redeems Loan

Even though the Austrian nationalized Hypo Group urgently needs state aids to get by bondholders will be compensated for their investments.

Relevance: 1.00 · March 17, 2014

Hypo Group: Government Explains Downsizing Solution

On Tuesday the Austrian government will explain the decided downsizing solution for the ailing bank Hypo Group Alpe Adria. Carinthia only wants to pay € 300m in downsizing costs.

Relevance: 1.00 · March 18, 2014

European Startups in Vienna: Entering a New Age of Pioneering

From October 29th startups will compete for the attention of investors and companies in Vienna. The application for the Pioneers Challenge has just begun. Start-ups have no easy job to enthuse investors for their ideas. But Vienna offers one of the best ways to do just that: During the Pioneers Festival in late October young companies can secure the attention of potential donors and inspire other companies and media for their innovations.

Relevance: 1.00 · September 18, 2014

Massive Tensions in Vienna´s Residential Property Market

In Austrian capital, rents are increasing unstoppably. Demand is still much bigger than supply.

Relevance: 1.00 · March 31, 2014

Hypo Group: Settlement Rejected by BayernLB

The majority stockholder of BayernLB, the former parent company of Hypo Group Alpe Adria, is not willing to negotiate about a settlement with the Austrian problem bank.

Relevance: 1.00 · April 1, 2014

Hypo Group: “Acutely Gaping Capital Hole“

In a compulsory notification published on Friday morning, Hypo Group Alpe Adria has reported about an “acutely gaping capital hole” which has to be covered by the Austrian Federation.

Relevance: 1.00 · March 21, 2014

Hypo Group: More than One Billion Required?

As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.

Relevance: 1.00 · March 21, 2014

Hypo Group: € 1.43bn Required This Year

A total capital need of € 1.43bn is forecast by the ailing bank.

Relevance: 1.00 · March 21, 2014

Austria: Petition Around Hypo Group to be Stopped

The stop of the online petition for a parliamentary investigation committee seems to be unavoidable. The opposition claims the government is trying to “choke off” democracy.

Relevance: 1.00 · March 21, 2014

“Bank Aid for Hypo Group Is too Late“

The Austrian economist Franz Hahn argues that capital injections into Hypo Group Alpe Adria are ineffective.

Relevance: 1.00 · November 16, 2013

Austria: Government Rules Out Hypo Group’s Insolvency

Chancellor Faymann referred to incalculable economic and political consequential effects due to the liabilities assumed by Hypo Group Alpe Adria.

Relevance: 1.00 · December 3, 2013

Austria: “Taxpayers Have to Bleed for Hypo Group“

Franz Schellhorn, head of think tank Agenda Austria, told “Handelsblatt” in an interview that having delayed the issue of Hypo Group was a fatal mistake by the Austrian government. He points out the consequences of the disaster.

Relevance: 1.00 · March 7, 2014

Hypo Group Alpe Adria: Liebscher Against Haircut

Klaus Liebscher, chairman of Hypo Group’s supervisory board, is strictly against a debt cut at the nationalized bank. He expects a decision about a bad bank only in the first quarter next year.

Relevance: 1.00 · December 10, 2013

Hypo Group Alpe Adria to Receive Next Capital Injection

On Friday the ailing bank is expected to receive fresh money again in association with the extraordinary general meeting.

Relevance: 1.00 · December 11, 2013

Austria: Hypo Group Insolvency Best Solution for Taxpayers

According to consulting agency Oliver Wyman, an insolvency of ailing bank Hypo Group would be the most favorable option for taxpayers as instead of domestic banks foreign banking institutes will be burdened.

Relevance: 1.00 · December 12, 2013

Capital Injection for Hypo Group Approved

In the general assembley of Hypo Group the path was cleared for a further capital injection in the amount of € 800m.

Relevance: 1.00 · December 13, 2013

Erste Group and Bank Austria Face Lawsuits

Two Austrian lending banks are involved both as plaintiffs and as defendants in bankrupt construction company Alpine’s court trials.

Relevance: 1.00 · January 2, 2014

Poland: Little Trust in Insurance Companies

According to a survey, Polish citizens lack in trust in insurance companies.

Relevance: 1.00 · January 3, 2014

Hypo Group Alpe Adria: „Bad Bank Will Come“

Klaus Liebscher, chairman of Hypo Group´s supervisory board, underlines that a bad bank will be established for the nationalized lender. Nevertheless, the bank remains the biggest financial disaster in Austria´s history.

Relevance: 1.00 · January 4, 2014

Orco Property Group: Cut in Number of Board Members

Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.

Relevance: 1.00 · January 8, 2014

Austria: Hypo Group Looking for New CRO

Deputy CEO and chief risk officer of Hypo Group Wolfgang Edelmüller will resign as of the end of February.

Relevance: 1.00 · January 10, 2014

Austria: Capital Increase for Hypo Group Decided

The Austrian problem bank Hypo Group Alpe Adria will receive € 750m in fresh capital.

Relevance: 1.00 · April 4, 2014

Government Examines Haircut of Hypo Group’s Investors

Ignoring the warnings of Hypo Group’s task force, Finance Minister Michael Spindelegger now wants investors in Hypo Group to participate in the restructuring of the ailing bank.

Relevance: 1.00 · February 21, 2014