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CESEE
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.
October 3, 2013
Austria Well Positioned in Global Economic Integration
According to a recent study by the Vienna Institute for Economic Studies (wiiw), Austria is well positioned in the global production and economic integration.
October 3, 2013
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.
October 2, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
New Economic Strategy for SEE
On Tuesday, economic experts held a meeting in the Albanian capital Tirana to examine a draft strategy for development and employment in the SEE region until the year 2020.
October 2, 2013
Bulgaria: Major Decrease of Insurance Business
The insurance industry saw a strong decrease of business of 13 percent in only four years.
October 2, 2013
Austria: Struggling to Keep up with Economic Growth and Competitiveness
IV demands overhaul of funding policy by the government so that Austria will improve in international competitiveness.
October 1, 2013
Modest Increase in Croatian Purchase Power
Croatian per capita consumer spending is forecast to increase by a modest 18% to 2017.
October 1, 2013
Hypo Group: Sale of Assets in SEE to Take Forms
The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.
September 29, 2013
CESEE: Consumer Loans Decline Considerably
Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.
September 29, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
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”.
September 27, 2013
Raiffeisen Sector: Austerity Cuts Ahead
RZB (Raiffeisen Zentralbank), the majority shareholder of Vienna-listed RBI (Raiffeisen Bank International) plans to reduce its costs substantially.
September 26, 2013
EU Commission: Poland Lacks in Innovation and Work Efficiency
According to the EU Commission’s annual report on the competitiveness among the EU member countries, which was released on Wednesday, Poland has been improving its competitiveness.
September 26, 2013
Raids at Ukrainian Affiliate of Bank Austria
Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.
September 25, 2013
Hungary: Competitiveness of Industrial Sector Shrinks
Regarding Hungary´s competitiveness, there is a clear downward trend. This year, Hungary is expected to achieve an economic turnaround.
September 24, 2013
Uniqa´s Re-IPO: Focus on CESEE
The Austrian insurance group plans a capital increase of € 750m. Uniqa´s CEO Andreas Brandstetter underlines the growth story in Central, Eastern and Southeastern Europe.
September 24, 2013
RBI: Sevelda to Remain CEO unil 2017
Karl Sevelda, who was appointed new CEO of listed Raiffeisen Bank International (RBI) at the beginning of June, does not regard himself as interim head of the bank.
September 23, 2013
Austrian Government Highlights Close Relations to Hungary
“Border region between Austria and Hungary as a dynamic place.”
September 21, 2013
Slovakia: Economic Forecasts Improves
The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.
September 21, 2013
Head of Slovenia’s Chief Bank Arrested
Janko Medja, manager of Slovenia’s most important bank NLB, was arrested because of suspicion of corruption.
September 20, 2013
Banking in CESEE: Risk Provisions to Decline
Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.
September 20, 2013
Bank Austria to Close Subsidiaries in Hungary
Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.
September 19, 2013
Croatia: No End of Recession in Sight
For the seventh quarter in a row, Croatia´s GDP was down. The main problem is the weakening domestic consumption and the high unemployment quota.
September 19, 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.
September 18, 2013
CESEE Banking: Funding Improves
Regarding the stability of the banking system in the CESEE region, there are still substantial differences between the countries.
September 18, 2013
Treichl: Requirements for Banks Increased Massively
According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).
September 17, 2013
CESEE Investment Market with Growing Potential
The Eastern European investment market continues to post robust levels of transaction.
September 17, 2013
Bank Austria Considers Establishing Franchise Banks in Austria
The streamlining of the CESEE network of Bank Austria seems to take on a very concrete form now.
September 16, 2013
RBI Revises Expected Provisioning Requirement
Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.
September 16, 2013
Austrian Banking Sector: Profitability Below Potential
Not only the high NPL quota in the CESEE region, but also the overcapacity in Austria is a burden for the domestic banking industry.
September 14, 2013
Boom in CESEE Will not Return
In the next years, the growth rates of the pre-crisis will not come back in the CESEE region. For the banking industry, the region is still a substantial risk factor.
September 14, 2013
Austria Must Implement Liquidation Mechanism for Banks
In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.
September 13, 2013
Austria: Enormous Amounts Could Pile Up For Hypo Group
According to Austrian daily “Standard“, the winding down of the ailing bank Hypo could be even more expensive than assumed so far. The amount of required capital reanges between € 6.2bn (until the end of 2014) and € 17bn (until 2017).
September 11, 2013
Romania: Chinese Investors to Support Infrastructure Projects with € 3bn
According to the Romanian Infrastructure and Foreign Investments Department (DPIIS), investors from China will support the construction of new highways and electricity generating power plants in the amount of more than € 3bn.
September 11, 2013
Former President of Budapest Stock Exchange New Head of Division at RBI
RBI appoints Attila Szalay-Berzeviczy Head of Group Securities Services Business.
September 11, 2013
IMF: Praise and Criticism for Austria
According to the IMF´s country report, Austria´s main problem is the fiscal situation.
September 11, 2013
€ 800m for Uniqa´s Re-IPO
The second-biggest Austrian insurance group plans has ambitious growth plans. The capital increase will bring a substantial change in Uniqa´s shareholder structure.
September 9, 2013
VBAG to Start Selling Process of Volksbank Malta Ltd.
The Austrian VBAG has started the selling process of its affiliate Volksbank Malta Ltd. (VB Malta).
September 5, 2013
Austrian Banks Register Growing NPL
The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.
September 5, 2013
Austria: Up to € 11.7bn for Downsizing Hypo Group
Years of discussion went by; now the EU Commission has approved the downsizing plan for nationalized Hypo Alpe Adria.
September 4, 2013
Hypo: New Risky Loan Agreements Even in 2012
According to the EU Commission, risky loans were granted by ailing Hypo Group even in 2012.
September 3, 2013
Poland: RCB Roadshow with Twelve Listed Austrian Companies
On Wednesday Polish investors will get together with managers of listed Austrian enterprises.
September 3, 2013
Slovenia: Telekom Austria Hesitates
The Vienna-listed Telekom Austria Group has two major growth opportunities in Slovenia. Slovenian Telekom and Telemach are for sale.
September 3, 2013
OMV to Take Over Offshore Block in Madagascar
OMV acquires interest in offshore Madagascar block
September 2, 2013
EU Approves Hypo Group´s Restructuring Plan
The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.
September 2, 2013
Uher: “Banking Union in Eurozone Great Danger“
Thomas Uher, member of the board of directors at Erste Bank, warns of a banking union that is only limited to the Eurozone.
August 30, 2013
Alpine: Nine out of Ten Former Employees Have a Job
90 percent of former Alpine employees have a new job. However, 404 persons are still looking for a new employment.
August 30, 2013
VBAG: First Half Year with Losses of € 87m
Partly-nationalized VBAG made net losses in the amount of € 87m in the first half of 2013. In the first half year of 2012 high book profits caused profits to be slightly above zero.
August 29, 2013
Hypo Alpe Adria Threatened with Losses of up to € 3.5bn
According to the restructuring plan and in a worst case scenario, even more losses could amount than in the past five years together. Reports by the media say, this year alone figures never seen before could pile up.
August 29, 2013
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