Search: vig-vienna-insurance-group

Pecik to Buy Hypo Group´s SEE-Affiliates?

The Austrian investor Ronny Pecik is said to be interested in acquiring the Southeast European subsidiaries of nationalized Hypo Group.

Relevance: 1.00 · October 2, 2013

Atrium European Real Estate Limited / Promotion of Ljudmila Popova to Group Executive Management Team

Relevance: 1.00 · October 7, 2013

Sale of Hypo Group: Small Number of Potential Buyers

In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.

Relevance: 1.00 · December 7, 2013

Croatia: Hypo Group Losing Last Industrial Participation

Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.

Relevance: 1.00 · October 14, 2013

Austria: Decisions about Hypo Group Expected This Year

Decisions about the future of problem bank Hypo Alpe Adria will in all likelihood be delayed.

Relevance: 1.00 · October 16, 2013

RBI Considers Participation in Hypo Group’s Bad Bank

In a radio interview with “Ö1”, Karl Sevelda, CEO of Raiffeisen Bank International (RBI), announced that he regards a particpation of his bank as possible.

Relevance: 1.00 · October 18, 2013

Telekom Austria AG / Telekom Austria Group acquires spectrum for a total of EUR 1,030 million in Austria (Ad-Hoc)

Relevance: 1.00 · October 21, 2013

Life Insurance Industry Under Pressure

For the insurance industry, life insurance products become less and less profitable.

Relevance: 1.00 · October 24, 2013

Hypo Group: Worst Expectations May be Exceeded

For the Austrian state, the ailing nationalized banking group may become a financial GSA. The legal dispute with the former owner BayernLB bears enormous dangers for Austria´s public finance.

Relevance: 1.00 · October 25, 2013

aws LISA: With BIO-Europe in Vienna the focus of the global biotech industry will once more be on Austria

Relevance: 1.00 · November 4, 2013

Austria: Liquidation No Option for Hypo Group

Nationalized-by force Hypo Group Alpe Adria, which is struggling under liabilities running in the billions, will not be closed. OeNB rejects rumors about establishing a bad bank

Relevance: 1.00 · November 4, 2013

Hypo Group Insolvency: Total Damage of € 26bn

Ewald Nowotny, governor of the Austrian National Bank (OeNB), warns of follow-up costs in case of a bankruptcy of the Austrian nationalized lender.

Relevance: 1.00 · December 17, 2013

Hypo Group: Investors Claim Refunds

A group of aggrieved investors in Hypo Group Alpe Adria files claims for damages. These so-called small investors provided amounts from € 30,000 to € 300,000 and feel disadvantaged compared to bigger investors.

Relevance: 1.00 · November 20, 2013

AGRANA Beteiligungs-AG raises Group forecast for full year

In the first half of the 2015|16 financial year, AGRANA, the sugar, starch and fruit products manufacturer, posted revenue of EUR 1,263.5 million (H1 prior year: EUR 1,285.2 million).

Relevance: 1.00 · October 8, 2015

The Miss Earth Beauty Pageant is Coming to Vienna

Miss Earth, an annual international beauty pageant promoting environmental awareness is celebrating its 15th year in Vienna. Along with its rivals Miss Universe and Miss World, Miss Earth is one of the three largest beauty pageants in the world in terms of the number of national-level competitions to participate in the world finals and one of the most publicized beauty contests in the world. The reigning titleholders dedicate their year to promote specific projects and often address issues concerning the environment and other global issues. Climate Change will be the focus of Miss Earth for its Crystal Year celebration. Around 90 delegates from all over the world will be arriving on November 18, to start their activities and converge at the Marx Halle in Vienna on December 5, 2015 for the Coronation Night.

Relevance: 1.00 · October 9, 2015

Hypo Group: „We Are not the Only One Who Must Pay“

Austrian Minister of Finance Michael Spindelegger underlines that the Austrian taxpayers are not the only ones who must bear the losses of the nationalized lender Hypo Group Alpe Adria.

Relevance: 1.00 · April 5, 2014

Hypo Group too Expensive for BayernLB

According to an official expert, regional German lender BayernLB’s fatal decision to take over Hypo Group Alpe Adria was based on questionable company evaluations.

Relevance: 1.00 · April 7, 2014

Uniqa Growing Faster Than Czech Insurance Market

Insurance group Uniqa reveals a significant increase in premiums in the first three quarter in 2013. Moreover, Uniqa showed an increase of CZK 3.3bn in the sector non-life insurance and CZK 877m in life insurances.

Relevance: 1.00 · January 22, 2014

BayernLB Bought Hypo Group Alpe Adria above Value

Apparently former member of BayernLB’s supervisory board acquired Hypo Group Alpe Adria above its value.

Relevance: 1.00 · January 16, 2014

Low Expectations in Nuclear Talks with Iran in Vienna

Optimism among officials about successful talks to end Iran’s nuclear program is restrained.

Relevance: 1.00 · February 19, 2014

Task Force: Time Is Running out for Hypo Group

The final report by the task force of problem bank Hypo Group Alpe Adria calls upon the Austrian government to make a decision about the downsizing until mid-March.

Relevance: 1.00 · March 11, 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

Austria: Hypo Group’s Final Report Eagerly Awaited

The eagerly awaited final report of Hypo Group’s task force is supposed to be presented to the government this weekend.

Relevance: 1.00 · March 8, 2014

Hypo Group: „The Wrong Decisions were Made“

Johannes Ditz, former chairman of the Austrian nationalized Hypo Group Alpe Adria, thinks that the Austrian government could have avoided a massive burden for the taxpayers.

Relevance: 1.00 · December 28, 2013

Another Emergency at Hypo Group Alpe Adria

The series of bad news does not come to an end. After enormous capital injections in 2013, the nationalized Austrian lender again needs help from the Austrian state.

Relevance: 1.00 · January 24, 2014

Hypo Group Denies New Capital Shortfall

The nationalized Austrian lender Hypo Group Alpe Adria is said to require fresh founds in the amount of € 500m. The bank´s management claims the opposite.

Relevance: 1.00 · January 25, 2014

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

Vienna Real Estate Market Hopelessly Overstrained?

Real estate trustees in Vienna demand a limit to state-subsidized apartments and call for “unrestricted” rents.

Relevance: 1.00 · April 23, 2014

Hypo Group: Decision about Downsizing Expected Soon

At the beginning of next week the final report for the planned downsizing of Hypo Group will be presented.

Relevance: 1.00 · March 4, 2014

Austria: Expert Paper for Hypo Group’s Bad Bank

An expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria is expected to be handed in to the government until the middle of the week.

Relevance: 1.00 · January 13, 2014

Global Real Estate & Economy Talks (GREET) in Vienna

GREET is short for “Global Real Estate & Economy Talks“. It is the platform for commercial property and investments in CEE and SEE, including Russia, Turkey and CIS.

Relevance: 1.00 · May 19, 2014

Hypo Group: Privatization of Balkan Business Until 2015

The nationalized problem bank intends to sell its Balkan business within 2014.

Relevance: 1.00 · April 17, 2014

Hypo Group: Italian Branch Turns Out a Huge Problem

According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.

Relevance: 1.00 · April 17, 2014

Hypo Group: Time Pressure Grows Dramatically

Future bank aids for the nationalized Austrian lender are limited. Haircuts for creditors and bondholders are not unlikely.

Relevance: 1.00 · April 17, 2014

Erste Group to Reduce Goodwill

Erste Group reduces goodwill by about EUR 350 million.

Relevance: 1.00 · December 17, 2013

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