Sponsored Content
Funding
Dutch Prime Minister Mark Rutte Met with Chancellor Nehammer
Austrian Chancellor Karl Nehammer Welcomed Dutch Prime Minister Mark Rutte in Vienna. Their main topic of discussion was migration and requesting EU regulations regarding the external borders.
January 30, 2023
EU Grants Austria Subsidies Which Amounts 100 Mio. Euros.
The European Commission will grant Austria 100 million Euros as a measure for the reduction of power consumption approved under the framework for state aid in crises.
January 19, 2023
How Austria Plans its Economic Recovery
The Austrian government has submitted its final plan for the European Reconstruction fund, in which projects for economic recovery are listed. These planned measures will receive funding of over EUR 3.5 billion by the EU. Find out what the areas of focus for the investments are.
May 5, 2021
European Research Council Provides Grants for 12 Austrian Researchers
The European Research Council (ERC) has awarded 12 fellowships for cutting-edge research in Austria. In total the Council is giving out over 200 grants to leading researcher across Europe with a total volume of more than EUR 500 million. The research projects span across various different sectors and sciences.
April 27, 2021
Austrian EU Commissioner Hahn Presents Funding for NextGenerationEU
The Austrian EU Commissioner for Budget and Administration Johannes Hahn has presented the "engine" of the NextGenerationEU economic recovery plan. NextGenerationEU will offer grants and loans to the member states with a total volume of EUR 800 billion by 2026. Austria will receive around EUR 3.5 billion.
April 21, 2021
Austria Implements Funding for Ethnic Group Media
After the increase of funding for ethnic groups in Austria in general about half a year ago, Susanne Raab, the Minister of the Chancellery responsible for ethnic group affairs, has now announced a separate budget for ethnic group media, which can be applied for in the near future.
April 20, 2021
Vienna Celebrates 25 Years of EU Funding
One year after Austria's accession to the EU in 1995, the first projects with the help of the European Union were established in Vienna. 25 years later, in 2021, Vienna looks back at the hundreds of projects, which improved various aspects of the city and were only possible due to the funding provided from the European Union.
April 8, 2021
Nehammer: Strong Together in the Fight Against Anti-Semitism
The Jewish Religious Society and the Austrian Ministry of the Interior extended their funding contract for three more years. The President of the Society Deutsch and Interior Minister Nehammer signed the contract, which provides funding for Jewish facilities all over Austria.
November 19, 2020
Austria and Moldova to Boost Cooperations
The Republic of Moldova has been a primary country of Austrian Development Cooperation since 2004. State Secretary Lopatka underlined this during a visit to Moldova on the occasion of the re-opening of the Austrian embassy.
March 19, 2013
Austria: Hypo Gets Additional € 700m From State
The EU threatens to close down Hypo Group because of the overdue restructuring measures.
March 9, 2013
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Refunding at Pankl
The Austrian automotive company Pankl takes a € 20m loan in order to redeem a ULSG credit early.
June 1, 2012
Total Assets of Austrian Banks Beyond € 1.0tn
At the end of 2011, the level of unconsolidated assets exceeded the € 1.0tn threshold again.
March 30, 2012
Telekom Austria: Bond Issue Completed
The telecommunication company has successfully placed € 750m Eurobond with a coupon of 4.0% p.a. The order book´s volume surpassed the proceeds substantially.
March 27, 2012
Vienna Stock Exchange Calls for New Listings
Birgit Kuras, the new member of VSE´s management board aims to enhance the stock exchange´s importance and pushes for further privatizations.
March 27, 2012
€ 2.5bn Bond Issue at Telekom Austria
The subsidiary Telekom Finanzmanagement GmbH Plans to Issue a Benchmark-Sized Eurobond Transaction.
March 26, 2012
RBI: No Capital Increase
Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.
March 23, 2012
KTM Underlines Successful Year 2011
Results were significantly up last year. The emission of a € 75m corporate bond should strengthen the long-term financing structure.
March 23, 2012
Orange Takeover Threatens to Fail
The takeover of Austria´s third-largest telecommunication service supplier Orange by the Hong Kong-based Hutchison Group may be postponed. Orange´s creditors are increasingly nervous.
March 22, 2012
Strabag SE places € 140m Bonded Loan
The Austrian construction company strengthens the diversification of financing structure. Strabag issues two fixed-interest and two variable tranches with terms to maturity of 5 and 7 years.
March 20, 2012
EIB: Fewer Funds for Austrian Companies
After a record in 2011, the European Investment Bank (EIB) will reduce lending to Austrian companies this year.
February 24, 2012
Erste Group Acts as Bookrunner for Miba
The majority of € 75m bond was placed with retail investors in Austria. The offering was 3.5 times over-subscribed.
February 21, 2012
State Aid: VBAG Redeems € 1.0bn
The Austrian VBAG repays a third of the state aid granted in 2009.
February 13, 2012
Investments: Austrians Prefer Security
For 72% of the Austrians, safety comes first. The most popular investments are conservative.
February 10, 2012
Lending Conditions of Austrian Banks Worsened
According to the Austrian Central Bank (OeNB), stricter lending conditions at Austrian banks were due to the decline in economic growth and detrimental refunding conditions.
February 2, 2012
Central Bank Act: Orban Gives In
Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.
January 21, 2012
Erste Group Provides Major Loan to Telekom Serbia
The Austrian bank commits € 140m to Telekom Serbia as part of a recent syndicated loan taken by the company. Erste Group acted as joint mandated lead arranger, underwriter and bookrunner.
January 18, 2012
Austrian Banks Must Downsize in Hungary
Erste Group and Raiffeisen Bank International (RBI) must streamline their operations. Nevertheless, a further capital increase could become necessary.
January 12, 2012
Immofinanz Repays € 77.6m in Convertible Bonds
The Austrian real estate group announces the end of the put period for premature redemption of the 2014 convertible bond.
January 11, 2012
Wienerberger to Raise Bond Issue to € 200m
The subscription period for Wienerberger´s corporate bond runs from January 13.
January 11, 2012
Experts Consider Sale of Bank Austria
After the sluggish capital increase of UniCredit, experts do not exclude a sale of Bank Austria, which operates the CEE business.
January 10, 2012
Wienerberger Issues Corporate Bond
The Austrian brick producer will issue bonds of at least € 50m in order to refinance liabilities.
January 10, 2012
Austrian Balance of Current Accounts Positive
In the first three quarters of 2011, the Austrian economy achieved a strong performance. The balance of current accounts was significantly positive.
January 9, 2012
Quanmax Increases Share Capital
The Austrian distributor of IT products will use the proceeds for the acquisition of S&T. The management and major core shareholders guarantee 90% of the capital increase.
December 1, 2011
Immofinanz Refinances Shopping Center in Poland
Two German banks arranged a € 210m facility for the Austrian real estate group’s Silesia City Center in Katowice.
November 29, 2011
S&T Realizes Capital Increase and Investor Participation
Quanmax AG and grosso holding are new majority shareholders of the Austrian IT consulting company, which is planning to return to profitability in three phases.
November 24, 2011
Voestalpine Broadens Measures to Safeguard Liquidity
The Austrian steel company has agreed on a syndicated loan of € 800m in two tranches in order to safeguard medium and long-term financing.
November 24, 2011
Growing Capital Shortfall at Volksbanken Group
The Austrian bank will need another € 200m in order to comply with the EBA’s capital requirements. The price for the sale of VBI might be reduced to € 500m.
November 24, 2011
OMV Concludes New Syndicated Loans
The Austrian oil and gas company has signed two syndicated multi-currency credit facilities totaling € 1,680m, which replaces existing facilities maturing in 2012.
November 23, 2011
Raiffeisen’s Capital Shortfall Grows to € 2.5bn
The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.
November 18, 2011
Zumtobel Group Refinances Loan Agreement to 2016
The Vorarlberg-based lighting company and seven banks signed an agreement that will replace an existing syndicated facility of € 480m.
November 17, 2011
AT&S Places € 100m Corporate Bond
The Austrian technology company will use the proceeds for general strategic objectives and for improving the quality of its funding portfolio.
November 10, 2011
Moody´s Considers Downgrade of Erste Group
The rating agency says that a downgrade of the long-term rating of Erste Group from “Baa1” to “Baa2”is probable.
November 5, 2011
Federal Railways: Debt Burden € 15.2bn
The Austrian Minister of Infrastructure, Doris Bures, announced the amount of debt for Austrian Federal Railways and Asfinag.
November 5, 2011
OMV Considers € 1.5bn Credit Line
The Austrian oil and gas company is negotiating a major credit facility with a term of five years.
November 4, 2011
Linz Believes in Victory Over BAWAG
The capital of the province of Upper Austria filed a lawsuit against Bawag, which is held by the U.S. investment funds Cerberus.
November 2, 2011
Nationalization of Banks Not Excluded Anymore
According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.
October 31, 2011
Erste Group´s CEO Wants to Avoid Further State Aid
Andreas Treichl, CEO of the Austrian major bank Erste Group, wants to prevent a further influence of the Austrian state.
October 29, 2011
Reactions of Austrian Banks to Capital Buffer Requirements
Raiffeisen Zentralbank (RZB) needs € 1.9bn, Volksbank Group (VBAG) € 972m and Erste Group € 59m in order to comply with the EBA’s new requirements.
October 27, 2011
European Banking Authority: Austrian Banks Need € 2.9bn
Banks are required to establish a buffer such that the Core Tier 1 capital ratio reaches 9%. A major part of the capital needs is attributable to Volksbank Group.
October 27, 2011
Fast News Search
