Search: vig-vienna-insurance-group

Hypo Group Insolvency to Cost € 10bn at Least

Taxpayers in Austria would be burdened with at least € 10bn if Hypo Group was sent into insolvency.

Relevance: 1.00 · February 26, 2014

VIG Third Biggest Insurance Company in Poland

Vienna Insurance Group records strong performance in Poland.

Relevance: 1.00 · February 27, 2014

Hypo Group: New Figures Added to Number Games

The number games in regard to Hypo Group’s downsizing to not seem to cease. New figures will be released by the bank’s task force at the beginning of next week.

Relevance: 1.00 · February 27, 2014

Poland: PKO BP Takes over Nordea’s Insurance Division

Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.

Relevance: 1.00 · February 27, 2014

ANDRITZ GROUP: results for the 2013 business year

Relevance: 1.00 · February 28, 2014

Erste Group: Profits Decline

Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.

Relevance: 1.00 · February 28, 2014

Hypo Group: “Worst Thing If Government Does Not Make Decision”

According to Felderer, President of the Fiscal Council, a downgrade in the country rating must not be taken “too seriously”.

Relevance: 1.00 · February 28, 2014

Hypo Group: Decision about Future Delayed

The decision about the future of Austrian problem bank Hypo will be delayed.

Relevance: 1.00 · February 28, 2014

Moody´s Confirms Austria´s Rating Despite Hypo Group Disaster

The rating agency has reiterated Austria´s top sovereign debt rating. Moreover, the outlook was upgraded from “negative” to “stable”.

Relevance: 1.00 · March 1, 2014

Hypo Group: Five Potential Buyers for CESEE Affiliates

Alexander Picker, CEO of the nationalized bank Hypo Group Alpe Adria, is optimistic that the affiliates in the Western Balkan countries may be sold until the end of 2014.

Relevance: 1.00 · March 1, 2014

Treichl: „Not Afraid of Hypo Group Bankruptcy“

Andreas Treichl, CEO of Vienna-listed Erste Group does not think that a potential bankruptcy of the nationalized lender Hypo Group Alpe Adria would affect Erste Group´s rating.

Relevance: 1.00 · March 1, 2014

Hypo Group: Risk Identified Already in 2009

Three months after a report on the risk and susceptibility to fraud of Hypo Group’s leasing affiliates was published by PwC, ailing Hypo Group was nationalized.

Relevance: 1.00 · March 3, 2014

Austria: High Support for Hypo Group’s Investigation Petition

According to a decision in the petition committee, the online petition for the investigation of the nationlization of ailing Hypo Group Alpe Adria will be open for signing until the next committee meeting in June.

Relevance: 1.00 · March 26, 2014

BayernLB Threatens Hypo Group with Damage Claims

BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.

Relevance: 1.00 · March 26, 2014

Raiffeisen Group: Uncertain Future

On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.

Relevance: 1.00 · March 26, 2014

Austria: Looming Real Estate Bubble in Vienna

While the official opinion is that there are dangerous price tendencies, some experts warn of the danger of a real estate bubble in the Austrian capital.

Relevance: 1.00 · March 11, 2014

Austria: Hypo Group Disaster with Exorbitant Costs

The extent of the disaster of Austrian problem bank Hypo Group Alpe Adria only starts to unfold bit by bit. A further capital injection of € 750m is needed only for the ailing bank to complete its balance sheets.

Relevance: 1.00 · March 11, 2014

Vienna: Luxury Real Estate Segment Booms

In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.

Relevance: 1.00 · April 15, 2014

Erste Group Bank AG: Full Year 2013 Company Report has been Published by FriedlResearch

Published in April 2014, this report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecasts, plus a SWOT analysis.

Relevance: 1.00 · April 15, 2014

Hypo Group: Losses Expected to Run into Billions

Hypo Group Alpe Adria is expected to reveal losses of around € 2bn in the balance sheet for the business year 2013. Up to now, losses in the amount of € 1.3bn were expected.

Relevance: 1.00 · March 12, 2014

Austria/SEE: Crucial Days for Hypo Group’s Future

Today the supervisory board of ailing Hypo Group is gathering to determine the financial gap of Hypo Group and the amount required to complete the balance sheets for 2013. Moreover, a decision about the SEE network will have to be made.

Relevance: 1.00 · March 14, 2014

Hypo Group: Decision Has Finally Been Made

The government has finally made a decision. Ailing Hypo Group Alpe Adria will be downsized through a private bad bank.

Relevance: 1.00 · March 14, 2014

Austria: Carinthia Forced to Pay for Hypo Group

Finance Minister Michael Spindelegger announced wanting to include the federal province of Carinthia to participate in the downsizing costs for ailing bank Hypo Group Alpe Adria. Austerity measures are “inevitable”.

Relevance: 1.00 · March 17, 2014

ECB Puts Pressure on Hypo Group

The distressed Austrian nationalized lender has no access to the Eurosystem monetary policy credit instruments. About ten potential buyers might be interested in the Balkan lender.

Relevance: 1.00 · April 5, 2014

Hypo Group: Heavy Burden for Austrian Fiscal Position

The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.

Relevance: 1.00 · April 7, 2014

Erste Group Bank AG: Voting Results of the 21st AGM

Erste Group Bank AG has published the voting results of the 21st Annual General Meeting, which took place on 21 May 2014 at 10 a.m., as follows.

Relevance: 1.00 · May 22, 2014

Bosnian Billionaire to Acquire Hypo Group?

The Finance Ministry confirmed the announcement and is now examining the offer.

Relevance: 1.00 · April 4, 2014

Wolf Theiss promotes five new partners in Bucharest, Ljubljana, Sofia and Vienna - BILD

Relevance: 1.00 · April 4, 2014

Wealthy Investing in Real Estates in Vienna

Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.

Relevance: 1.00 · April 4, 2014

Austria: Carinthia Reluctant to Pay for Hypo Group

The Austrian province of Carinthia rejects contributing to the downsizing costs of nationalized Hypo Group. Finance Minister Spindelegger insists on € 500m and threatens with sanctions.

Relevance: 1.00 · April 4, 2014

Erste Group Bank AG: Voting Results of the 21st AGM - New Board Members

Erste Group Bank AG increased the number of its supervisory board members to eleven.

Relevance: 1.00 · May 22, 2014

Hypo Group Expected to Publish Figures This Week

On Thursday the Austrian taxpayers are supposed to officially get to know the financial requirements for nationalized problem bank Hypo Group Alpe Adria.

Relevance: 1.00 · March 19, 2014

Hypo Group: New Supervisory Board President

Herbert Walter becomes head of the nationalized Austrian Balkan lender Hypo Group Alpe Adria. According to Austrian Finance Minister Michael Spindelegger, Hypo Group needs even more capital injections.

Relevance: 1.00 · March 24, 2014

Hypo Group: Spindelegger Still Rejects Investigation Committee

Today the opposition will call for a joint request for a parliamentary investigation committee with regard to ailing bank Hypo Group.

Relevance: 1.00 · March 25, 2014

Real Estate in Vienna: Offer Does Not Catch up Demand

There is a growing trend towards population increase as well as small households in Vienna.

Relevance: 1.00 · March 25, 2014

Vienna Drops in “Global Cities Index”

Vienna drops three places. Regardless of the financial crisis the largest global financial centers in New York and London are still the cities with the biggest influence world-wide.

Relevance: 1.00 · April 16, 2014

Horrible Loss at Hypo Group Alpe Adria

The former Balkan lender shocks with new figures. The Austrian nationalized bank had to write off wide parts of its risky assets. Further losses are likely as well as further capital injections.

Relevance: 1.00 · April 16, 2014

Hypo Group: Former CEO Sentenced to Prison

Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.

Relevance: 1.00 · April 9, 2014

ANDRITZ GROUP: results for the first quarter of 2014

Relevance: 1.00 · May 6, 2014

Vienna: ATX Remains one of the Most Undervalued Stock Indices

"We strongly believe in the potential of the ATX. By comparison to Western Europe and the US, stocks on the Austrian market have moderate valuations and this makes them more attractive to investors."

Relevance: 1.00 · July 2, 2014

Vienna Stock Exchange Raised EUR 3.1 Billion in Capital in 1HY 2014

In the first half of 2014, Austrian companies raised more than EUR 3.1 billion in fresh capital through the Vienna Stock Exchange. This volume is larger than the aggregate volume of the past two years (transaction volume 2012 and 2013: EUR 2.1 billion) and the highest level achieved since 2007. The volume consists of the capital increases of Raiffeisen Bank International (EUR 2.78 billion), Porr (EUR 120 million), and the successful initial public offering of FACC (around EUR 213 million).

Relevance: 1.00 · July 2, 2014

Hilton Vienna Plaza Finishes First Stage of €20 Million Re-design

Hilton Vienna Plaza is currently undergoing extensive renovation as part of a €20 million modernisation that will see the entire hotel transformed. The first stage of the re-design is set for tomorrow, June 6, 2014, followed by the full re-opening in September 2014.

Relevance: 1.00 · June 5, 2014

Austria: Western Balkans Representatives are Meeting in Vienna

The Western Balkans Conference and the Central European Initiative (CEI) Ministerial Meeting are currently discussing questions regarding the EU enlargement, the role of the EU as a peace project and the economic situation in the Western Balkans.

Relevance: 1.00 · June 3, 2014

UN Vienna: Celebrations of the International Day of Non-Violence

The Permanent Mission of India in Vienna celebrated the International Day of Non-Violence and the 145th Birth Anniversary of Mahatma Gandhi at the Rotunda at United Nations, Vienna International Centre. DG UNOV, H.E. Mr. Yuri Fedotov, DG UNIDO, H.E. Mr. Li Yong, Permanent Representatives of various countries and officials of the UN Vienna were present at the event.

Relevance: 1.00 · October 16, 2014

Indian Embassy in Vienna Launches ‘Make in India’ Campaign

India's new Prime Minister Narendra Modi launched the ‘Make in India’ campaign, aimed at reviving the job-creating manufacturing sector. India's Mission in Vienna will be organizing a business event focusing on “Make in India” on 9th November at the Austrian Chamber of Commerce, followed by events in other provinces. The campaign includes invitations to Austria’s top companies to explore investment possibilities in India.

Relevance: 1.00 · October 7, 2014

Record Year 2017: Flughafen Wien Group Handles 30.9 Million Passengers (+6.9%), Surpassing Threshold of 30 Million for the First Time

In spite of developments at Air Berlin and NIKI, 2017 will go down in airport history as a record year. The Flughafen Wien Group reported a passenger volume of over 30 million for the very first time in its history, and Vienna Airport site also exceeded the threshold of 24 million passengers for the first time.

Relevance: 1.00 · January 16, 2018

Vienna and Triest - Through History Connected

A recent visit by Triest's Mayor Roberto Cosolini highlights that Vienna and Trieste were connected in the Austro-Hungarian monarchy for more than 500 years. Especially in the 18th and 19th century the port of Trieste flourished and because of its location became one of the most developed economic areas of the Habsburg Empire. It was the most important port of one of the Great Powers of Europe. As a prosperous seaport in the Mediterranean region, Trieste became the fourth largest city of the Austro-Hungarian Empire (after Vienna, Budapest, and Prague).

Relevance: 1.00 · June 25, 2015

International Experts Discuss Counter-Terrorism Measures in Vienna

An expert conference in Vienna next week focuses on countering the incitement and recruitment of foreign terrorist fighters.

Relevance: 1.00 · June 26, 2015

Struggling Insurance Industry

Despite favorable results last year the European insurance market has to face a number of adverse factors.

Relevance: 1.00 · April 23, 2014

Romania: BRD Group Societe General with High Expectations

The Romanian lender intends to increase its lending by four percent in 2014.

Relevance: 1.00 · April 23, 2014