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Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
Czech National Bank Expects More Interest Rate Cuts
The governor of the Czech National Bank Miroslav Singer explained that the monetary easing program will continue.
September 27, 2012
Slovenia “No Bail-Out Candidate”
Slovenia ´s former Prime Minister Anton Rop is optimistic that the country will manage the crisis.
September 27, 2012
Voestalpine Places a Bond Issue of € 500m
The proceeds are intended for general financing purposes. The bond is predominantly subscribed by international investors
September 26, 2012
OMV Issues Eurobonds Worth € 1.5bn
OMV raises € 1.5bn in long-dated Eurobonds and announces tender offers for its 2014 Eurobond as well as its 2014 and 2016 Schuldschein loan notes to further extend its debt maturity profile.
September 19, 2012
Austrian Companies Expect Stricter Lending Conditions
Credit costs will increase in the coming years, a significant majority of Austrian managers says. As a result, the equity quota of Austrian small and medium-sized enterprises (SME) is growing.
September 17, 2012
Polish Public Debt Quota to Decrease
Although the planned budget deficit will not be met this year, Poland´s Finance Minister Jacek Rostowski expects a declining public debt quota.
September 12, 2012
Slovenia: Juncker Calls for Reforms
The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”
September 10, 2012
Nowotny Hopes for ESM
The governor of OeNB (Austrian Central Bank) thinks that the bond purchases are not sufficient. Politics must help ECB, he argues.
September 10, 2012
Merkel and Faymann Reaffirm their Commitment to the Euro
The German Federal Chancellor Angela Merkel met her Austrian counterpart Werner Faymann and Vice Chancellor Michael Spindelegger in Vienna. It was Merkel´s first state visit in Austria since 2006.
September 8, 2012
Hungary: Orban Rejects IMF´s Conditions
This week, a list containing IMF´s conditions for a € 15bn loan became public. However, it is not known whether the list is a counterfeit. Not at this price and not in this way.” Hungary´s Prime Minister Viktor Orban said.
September 8, 2012
S&P Criticizes Weak Capital Base of Austrian Banks
According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.
September 7, 2012
IMF: List of Demands against Hungary Became Public
The list contains demands of the IMF against Hungary and is the precondition for the safety loan of € 20bn. However, the list could be a counterfeit.
September 7, 2012
Conwert Buys Back Convertible Bonds
Result of tender offer for convertible bonds due2014.
September 6, 2012
Slovenia „No Problem for Austrian Banks“
Although Austria is the biggest investor in Slovenia, the Austrian banking industry does not fear a national bankruptcy.
September 5, 2012
Slovenia: “Danger for Austrian Banks is Limited”
Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.
September 3, 2012
Bank Union: Austrian Banking Industry Cautious
European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.
September 1, 2012
Outstanding Foreign Currency Loan Volumes Continue to Fall
The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.
September 1, 2012
Capital Shortfall at Hypo Group up to € 2.0bn
OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.
September 1, 2012
Foreign Investors Dominate at WSE
Warsaw Stock Exchange: The share of foreign investors in trade on the alternative market has increased substantially. WSE’s Main Market has remained stable after the previous period with foreign investors still in the lead.
September 1, 2012
FPÖ Wants Nowotny to Resign
The biggest Austrian opposition party criticizes the governor of Austrian Central Bank (OeNB) sharply. FPÖ´s leader Strache blames Nowotny to violate the “no bailout” clause.
September 1, 2012
Fekter: „Spain is No Bail-Out Candidate“
Austria´s Finance Minister Fekter says that only Spain´s banks may need help from the EU.
August 31, 2012
Romania Still Shows Weak Growth Rates
“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.
August 31, 2012
Slovenia in a Vicious Circle
Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.
August 31, 2012
conwert Issues New Convertible Bonds
conwert Immobilien Invest SE , a company listed on the Vienna Stock Exchange, has initiated a two-step transaction with the aim of reducing its leverage and extending the maturity profile of its debt.
August 30, 2012
Austrian Business Lending On the Rise
In the second quarter of 2012, business loans were up by 2.8%. By contrast, lending in the Eurozone decreased by 0.6%.
August 24, 2012
Central and East Europe Summit in Vienna
Vienna Stock Exchange Group invites CEE companies and politicians in October 2012.
August 20, 2012
Foreign Currency Loans Decrasing
Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.
August 17, 2012
Dispute Over Hypo Group
Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.
August 16, 2012
Fitch Downgrades Slovenian Banks
The U.S. rating agency downgrades the lown-term ratings of major Slovenian banks. The outlook is negative for all of them.
August 10, 2012
Fitch Downgrades Slovenia
The Southern neighbor country of Austria was downgraded to “A-“. The outlook is negative now.
August 8, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Moody´s Downgrades Slovenia
Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.
August 3, 2012
Investor Confidence in Austrian Issues Remains Very High
Austria’s government and corporate sectors are still able to borrow at historically low rates, the loss of the triple A sovereign rating notwithstanding.
August 3, 2012
Slovenian Abanka Vipa Needs Fresh Capital
The third-biggest Slovenian bank needs a capital injection of € 50m. In total, Abanka Vipa has a risky assets of € 600m.
July 31, 2012
Vienna Stock Exchange: „Too Early for Investments“
VSE´s CEO Birgit Kuras explains why listings at Vienna Stock Exchange are declining. In the medium term, the conditions for the equity market would be favorable, however.
July 26, 2012
Nowotny Wants Bank License for ESM
The governor of OeNB (Austrian Central Bank) Ewald Nowotny told the news agency Bloomberg that there would be some good reasons for this solution.
July 26, 2012
RHI Places € 130m Bonded Loan
RHI AG, a world market leader for refractory products, successfully completed the placement of a € 130m bonded loan on July 25, 2012.
July 26, 2012
Moody´s to Watch Austria Carefully
After the U.S. rating agency has lowered the outlook for the AAA-countries Germany, Netherlands and Luxembourg, Austria´s rating will be checked thoroughly.
July 24, 2012
Slovenia in Financial Distress
In order to prevent becoming a bail-out candidate, the Slovenian government aims to resolve a „debt brake“. It turns out that this goal is highly uncertain.
July 21, 2012
Outlook 2012: „ATX moderately positive in 2012“
Erste Group: „Environment to remain volatile; relatively low debt in Austria and CEE and yields on Austrian government bonds confirm save haven“.
July 21, 2012
Fekter Does not Want to Bundle Austrian Problem Banks
As the public debt level would rise dramatically, Austria´s Finance Minister Maria Fekter rejects the idea of a common bad bank.
July 19, 2012
Slight Growth in Ukrainian Financial Industry, Uncertainty Remains
According to Austrian RCB (Raiffeisen Centrobank), the lending activity remains subdued amid looming economic uncertainty. Deposit growth resumed in June both in corporate and retail segments.
July 19, 2012
Nowotny: „Germany Has Key Function“
The governor of OeNB (Austrian Central Bank) is against forced loans in Austria. Regarding Eurobonds, Germany as Europe´s biggest economy would have the key function.
July 18, 2012
Record Low for Interest Rates on Austrian Sovereign Bonds
For bond investors, Austria is a safe haven. Since the beginning of the year, the interest rate on sovereign bonds was down from 3.1% to 1.9%.
July 18, 2012
„IMF Is Not Our Enemy“
Hungary´s Prime Minister Viktor Orban returns to the bargaining table. The country needs up to € 20bn.
July 17, 2012
VBAG Buys Back € 236m Hybrid Bonds
The Buyback program generates book profits of € 130m.
July 17, 2012
Fekter Against Forced Loans
Austria´s Finance Minister Maria Fekter opposes to DIW´s suggestion to impose forced loans on wealthy persons.
July 16, 2012
SPÖ Supports Idea of Forced Loans
Like their German counterparts, the Austrian Social Democrats want to introduce forced loans for rich persons.
July 14, 2012
Grexit would Cost Austria € 11.0bn
The Brussels-based think tank CEPS states that Austria would have to bear costs of € 10.9bn in case of a Greek exit out of the Eurozone.
July 13, 2012
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