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Crime

Two Interested Parties for Hypo Alpe Adria Italia

Two investors have shown their interest for the take-over of Italian affiliate of nationalized Hypo Alpe Adria. Banca Popolare di Vicenza and a British-Indian Group are claimed of being interested.

July 29, 2013

Bulgarian Deputy PM: “They Want Social Justice“

In an interview with Austrian newspaper Standard, Bulgarian Justice Minister and Deputy Prime Minister Zinaida Zlatanova (40) talks about the reasons for the protest movement, planned reforms and critizism from abroad.

July 27, 2013

Hypo Group: Massive Losses in Italy

The Italian affiliate of Austrian problem bank Hypo Alpe Adria has notched up considerable losses.

July 25, 2013

Austria: Deputy Govenor Duchatczek Steps Back

After 37 years of service Duchatczek resigns from his position as Deputy Govenor of the Austrian National Bank (OeNB).

June 25, 2013

Raids at Hypo Group in Italy

Because of suspicions of tax fraud Hypo Group’s affiliate in Udine was searched by the Italian police.

June 25, 2013

Austria: Investigations on Loan to Alpine

Apparently ailing bank Hypo Group plays a role in the bankruptcy of Austrian construction company Alpine. The bank is supposed to have granted a bridge loan.

June 21, 2013

Hypo: Deal with Russian Oligarch with “Proper Mortgage”

The investigations into money laundering at the Federal Criminal Office concerning the business with Russian oligarch Vladimir Antonov were brought to an end without any results. There were no arms among the securities.

June 20, 2013

Czech Republic: Nemcova Nominated As Prime Minister

Petr Necas’ handed in his resignation on Monday after a bribery scandal.

June 19, 2013

Hypo Group: Business With Russian Oligarch

Austrian magazine „News“ unveils a remarkable business connection of Hypo Group from 2008.

June 19, 2013

Austria: Deputy Govenor of OeNB Suspended

Deputy Govenor of Austrian National Bank Duchatczek is suspected of bribery.

June 19, 2013

Lopatka: "EU Enlargement is a Driver for Reforms and Rule Of Law"

State Secretary Lopatka on DARUM EUROPA information tour.

June 18, 2013

Czech Republic: Necas Steps Back

Czech Prime Minister Petr Necas draws the conclusion from his corruption scandal and announced to step back.

June 17, 2013

Czech Republic In Turmoil Over Corruption Scandal

The Czech Republic’s political landscape is in turmoil due to the scandal. The investigations have begun on Thurday with country-wide raids. More and more bizarre details seem to appear.

June 14, 2013

Austrian Justice Minister to Support Serbia’s Approach to EU

Austria to enhance transfer of know-how in regard to the fight against corruption.

June 5, 2013

Turkey: Protests Continue

After trade union KESK aligned with demonstrators, the government offered a chance for negotiations for the first time.

June 5, 2013

Slovenia: Ex PM Convicted in Patria Case

Former Slovenian Prime Minister Janez Jansa was convicted of bribery on Wednesday in Ljubljana.

June 5, 2013

Croatia to Expect Disciplinary Procedure by EU

The Ex-Yugoslavian country has to face harder scrutinizing than its CESEE peers which joined the EU in the last decade.

June 5, 2013

Austria: Fekter Signed OECD’s Multilateral Assistence Agreement in Tax Matters

Fekter described the signing as a “further important step in the fight against tax evasion and tax fraud”.

May 29, 2013

Croatia: PM Anxious About Country’s Image

Prime Minister Zoran Milanovic announced that Croatia had to fight hard for its reputation within the European Union.

May 27, 2013

Austrian Top Banker to Appear in „Offshore-Leaks“

For the first time, a European top banker appears in the “Offshore-Leaks” database. CEO of Raiffeisen Bank International (RBI) Herbert Stepic is coming under massive pressure.

May 23, 2013

Bulgaria to Table Bill of Amendments in Energy Sector

New regulations will be drafted when caretaker government leaves office.

May 23, 2013

Orban’s „Derailment“ Causes Indignation in Germany

Hungary’s head of government Viktor Orban seems to love the confrontation. However, with the accusation of Germany using Nazi-methods he overstepped the mark in terms of tact.

May 21, 2013

Austria: EU Competition Authority to Search Agrana

The European competition authority has paid a visit to listed starch and sugar producer Agrana in April.

May 15, 2013

EU Commission Expects Austria to Agree To EUSD

Head of Eurogroup Jeroen Dijsselbloem expects a constructive approach of Austria in the debate about the automatice exchange of data of tax foreigners in Europe.

May 13, 2013

US: Kerry Announced Support of Ukraine’s EU Integration

US Secretary of State John Kerry announced his support for Ukraine’s move towards an EU membership.

May 13, 2013

Austria: Solution for Bank Secret Issue Until May 22

After the recent turbulances within the Austrian government coalition, Chancellor Werner Faymann hopes to find an agreement with the EU concerning the bank secret until May 22.

April 29, 2013

Albania: Under EU’s Watch

Brussels called for further modernizations of the judiciary in Albania before the EU considers Accession talks with the country. Futhermore the union announced to keep a close eye on the elections in June.

April 24, 2013

EU Commission Waiting For Austria’s Decision

The EU Commission expects a uniform stance in regard to Austria’s bank secret and the transition to automatic exchange of information.

April 23, 2013

Austria and Turkey to Deepen Relations

Justice Minister Karl wants to improve cooperations with Turkey.

April 17, 2013

Austria: Three Convictions at Immofinanz Process

Former head of Immofinanz, Petrikovics, was sentenced to six years in prison. Co-defendants Schwager and Thornton were sentenced as well.

April 12, 2013

EU Examines Bulgarian Electricy Market

On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.

April 12, 2013

Cyprus to Receive More Capital

Cyprus requires more money than expected and will receive it. Head of Eurogroup, Jeroen Dijsselbloem, has promised an examination if money laundering exists.

April 12, 2013

Ukraine: Yanukovych Rejects Pardoning Tymoshenko

President Yanokovych does not consider a pardoning as long as trials continue.

April 11, 2013

Fekter: „Austria is a High-Tax Country“

Bank secrecy will be an official issue at the meeting of EU finance ministers in Dublin on Saturday. Fekter criticizes the UK sharply.

April 11, 2013

Russia: Kalashnikov-Producer Izhmash Suspected of Embezzlement

A former General Director is suspected of having transferred securities beyond their value. A lawsuit based on corruption allegations was filed against a former Deputy Agriculture Minister.

April 11, 2013

Fekter: “I Will Fight to Preserve Banking Secrecy in Austria!”

“Data protection is a valuable institution. We will continue to protect innocent citizens, but will also continue to lead the way in pursuing tax evaders.”

April 8, 2013

Russia: Economic Growth Below Expectations

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

April 8, 2013

Cyprus: Evidence Destroyed?

According to reports by the media in Cyprus, important evidence about the heavily affected Bank of Cyprus was destroyed.

April 4, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

Serbia: Financial Underhand Practices Discovered

Financial underhand practices had lead to losses of € 700m for the Serbian state.

March 30, 2013

Hungary: Tax Overhaul Finalized

Minister for National Economy: taxation system completed - time for fine-tuning.

March 27, 2013

Russia Wants Berezovsky’s Heritage

After the death of Kremlin critic Boris Berezovsky, Russia wants to grab the former entreprenuer’s assets.

March 25, 2013

Austria: Welfare Fraud Costs € 1bn Per Year

According to a study, which was commissioned by the Chamber of Commerce (WKO) and carried out by the Johannes-Kepler University in Linz, social fraud causes a smaller amount of economic damage than fiscal evation and black labor.

March 19, 2013

Austria: Meinl‘s Bail Money to Be Reduced Significantly

According to the Higher Regional Court (OLG) in Vienna, Julius Meinl is to receive € 90m of his bail money back.

March 19, 2013

Cyprus: Parliament Votes Tomorrow For Rescue Package

The Cyprian parliament is unlikely to vote in favor for the rescue package which forces bank clients to contribute with their private money.

March 18, 2013

Red Bull Sells More Than 5bn Cans Worldwide

Energy drink producer Red Bull was able to increase turnovers by almost 16 %, totaling € 4.93bn.

March 15, 2013

Eurozone: Cut in Interest Rate Not Necessary

According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.

March 14, 2013

Mignon (PACE) Praises Serbia For Progresses

Today, president of the Parliamentary Assembly of the Council of Europe (PACE) Jean-Claude Mignon gave credit to Serbia’s progress in the execution of reforms and expressed faith in finding solution for the Kosvo issue.

March 12, 2013

Serbia Faces Political Crisis

After severe allegations against Prime Minister Ivica Dacic, the Serbian governing socialists reject to hold new elections. The coalition partner still supports Dacic.

February 4, 2013

Vienna Airport Customs Office: Number of Seizures Was Up Significantly

"The Vienna Airport customs office’s annual announcement of its performance statistics once again confirms the outstanding work of Austria’s customs officials." the Austrian Ministry of Finance says.

January 21, 2013
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