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Vienna Stock Exchange Cooperates With Eurex
With Eurex derivatives exchange, Vienna Stock Exchange wins a new customer.
February 16, 2012
Capital Increase at RBI?
According to market rumors, Raiffeisen Bank International is said to revisit € 1.00bn sale as shares rise.
February 8, 2012
CEE Countries with Bigger Space for Higher Bond Yields
Romania, Czech Republic and Slovakia with biggest room for manoeuvre in case yields would spike; Hungary should avoid financing at +6%, says Erste Group.
February 6, 2012
Stepic: „Reaching AAA Again Is Possible“
RBI´s CEO Herbert Stepic thinks that due to the strength of Austria´s real economy, re-gaining the triple A is possible within the next years.
January 28, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
Treichl: „S&P Errs Sometimes“
Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.
January 25, 2012
Takeover of Ljubljana Stock Exchange Completed
The Austrian CEE Stock Exchange Group widens its stake in the Slovenian Ljubljana Stock Exchange to 99.85 %.
January 21, 2012
Austrian Banks Hold € 18bn in Foreign Sovereign Bonds
At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.
January 19, 2012
Austrian Lending Restrictions Under Observation
The plan of the Austrian FMA and OeNB to restrict lending in CEE countries could be a violation of EU-law.
January 19, 2012
Austrian Banks Claim to Continue „Vienna Initiative“
In 2009, international banks agreed on maintaining their lending operations in Eastern Europe. Now, the cooperation should be extended.
January 18, 2012
Growth of CEE Banking Sector Above European Average
2012 should remain a challenging year for CEE banking, with regulatory changes and European debt crisis as main risk factors, but Western European banks´ deleveraging should be a manageable drag.
January 18, 2012
„Vienna Is One of the Most Undervalued Stock Exchange in the World“
According to the investment funds manager Alois Wögerbauer, Vienna has a huge upside potential.
January 12, 2012
Slow Growth in CEE Expected
According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.
January 11, 2012
Concerns Over Bank Austria´s Holding Company
Share prices of the Italian UniCredit fell drastically over the last days. The major bank urgently needs a capital increase.
January 7, 2012
Hungary: High Losses for Banks
According to the Hungarian banking association, costs for the coerced conversion of foreign currency loans reach about € 952m.
January 4, 2012
CEE Investments Recommended
According to Erste Group, equities to become more attractive in 2012 compared to 2011. Turkey is seen as highly interesting investment location.
January 4, 2012
Critics for FMA and Central Bank
Michael Ikrath, general secretary from Austrian Sparkassen, criticizes the Financial Market Authority and the Central Bank for equity requirements imposed on domestic banks.
December 28, 2011
Siemens Austria Reports Strong Performance
The Austrian subsidiary of the German technology group shifts € 1.0bn dividends to its headquarters. Operating results were highly satisfying.
December 20, 2011
Hypo Group to Sell Interests in SEE Earlier
Due to the equity regulations, the Austrian bank prefers to sell its business in South Eastern Europe instead of the Italian and Austrian subsidiary.
December 19, 2011
OeNB: Developments in the Sovereign Debt Crisis Will Be Crucial for Financial Stability
The Austrian National Bank (OeNB) presented the 22nd Financial Stability Report.
December 16, 2011
Treichl: „9% Quota Is Adequate“
The CEO of Erste Group, Andreas Treichl, is optimistic to achieve the prescribed 9% tier 1 capital quota by mid-2012.
December 10, 2011
Erste Group: Drastic Cut in Hungary
The Austrian bank cuts 450 jobs in Hungary. However, Erste Group emphasizes to stay in Central and Eastern Europe.
December 9, 2011
Immofinanz-CEO Zehetner Expects Reduced Finance Costs
Due to lower interest rates and depreciations of foreign currencies in the CEE region, the Austrian real estate company will have low refinance costs, Zehenter says.
December 5, 2011
Austrian Central Bank Calls for Rise in Equity for Banks
The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
November 21, 2011
Conference on European Economic Integration
“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.
November 18, 2011
VSE Cooperates with Montenegro Stock Exchange
Vienna Stock Exchange and Montenegro Stock Exchange sign agreement on data vending cooperation.
November 16, 2011
UniCredit to Withdraw from CEE?
The holding company of Bank Austria, the Italian UniCredit, may close its operations in Eastern Europe. The consequences for Bank Austria are unknown.
November 14, 2011
Profit Decline for Telekom Austria
Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.
November 14, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Growth Potential in CEE Banking Sector
The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets
November 8, 2011
Weak Development for Austrian Private Insurers
After a substantial growth in 2010, this year shows only a slight upward trend for the insurance industry. The outlook however is rather pessimistic.
November 1, 2011
Still Danger of Overheating in SEE Property Markets
According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.
October 15, 2011
Kelag to Invest € 70m in Bosnia-Herzegovina
The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.
September 29, 2011
Sale of Volksbank International Finalized
The Eastern European subsidiary will be sold for a price ranging from € 585m to € 645m depending on business performance in 2011.
September 8, 2011
S Immo: Earnings more than Doubled in the First Half of 2011
The Austrian real estate company recorded EBIT of € 51.3m, up 70.6% year-on-year. Net income doubled to € 10.1m.
August 29, 2011
Ecowind Acquired by German BayWa
Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.
August 23, 2011
Upswing in Business Location Projects
The national investment promotion agency registered a strong increase in the number of companies investing in Austria. The trend is expected to continue in 2011.
July 8, 2011
International Business Important for Austrian Insurers
The Austrian insurance companies recorded moderate growth in the first quarter of the year. More than 50% of their premium income comes from their international business.
June 21, 2011
Austrian Financial Sector Stable – Remaining Challenges in Particular Business Segments
Stress test results show Austria’s banks to be more resistant to risks than in 2010 – Boosting equity remains on the agenda nevertheless.
June 21, 2011
Labor Market Continues Strong Development
The number of employed, vacancies, and full-time jobs increased in the first quarter of 2011. The feared inrush of job seekers from Eastern Europe did not materialize.
June 16, 2011
AUA Give Up Their Focus on CEE
Austrian Airlines are going to improve their connections to Western Europe at the expense of their destinations in the East. The company is currently serving 46 airports in CEE.
May 30, 2011
Eastern Europe Becoming Attractive Again
For two years Austrians have abstained from investing in Eastern Europe, resulting in a loss of market share in these countries. Interest starts to recover now.
May 25, 2011
Cineplexx Expands
The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.
April 12, 2011
Southeastern Europe as a Region of Hope for Austria
Great interest of Austrian companies at the Austria Foreign Trade Forum on Export and Investment Opportunities in Southeastern Europe
April 2, 2011
Hypo-Group Restructuring to be Completed by 2012
The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.
March 31, 2011
Steiermärkische Sparkasse Doubled Profits
The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011
Saubermacher Plans Expansion
The Austrian recycling company continues developing successfully. An expansion in South East Europe is being sought.
March 11, 2011
Sales Growth for Quehenberger
The Austrian logistics company posted higher sales in 2010 than expected, however without reaching the profit zone.
February 23, 2011
Kapsch Wins Order in Serbia
The Austrian Kapsch CarrierCom wins another order from Southeastern Europe with DataXtender.
February 9, 2011
Humanomed to Expand to CEE/SEE
The Austrian Humanomed-Group, a health care company, sees potential to expand to countries in (South) Eastern Europe.
January 28, 2011
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