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Austria: “Council of the Wise“ for Hypo Group
Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.
February 25, 2014
Vienna: City with Highest Quality in Life
Just like last year Vienna is on top of the list of the major cities with the highest life quality. Baghdad ranks last in the survey carried out by Mercer.
February 19, 2014
Hypo Disaster: Who Are the Beneficiaries?
International investment companies, funds and domestic banks are the major recipients of the billions of Euros in the Hypo Group disaster.
February 19, 2014
Austria Most Popular Country among Hungarians
93 percent of Hungarians feel compassion towards Austria.
February 19, 2014
Hypo Bankruptcy Could Severly Harm BayernLB
Rating agency Moody’s sees German BayernLB impacted by the critical capital situation in the coming years.
February 18, 2014
Spindelegger Positive about Creation of Financial Transaction Tax
In the run-up to the beginning of the ECOFIN Council in Brussels, negotiations about the further proceeding of the financial transaction tax were held among eleven EU finance ministers.
February 18, 2014
Slovenia: Heading for Recovery
Slovenia seems to have circumnavigated the crisis as the small country is not a Eurozone bail-out candidate anymore, according to Prime Minister Bratusek.
February 17, 2014
Government Downplaying Effects of Hypo Group Desaster
Today, both Chancellor Werner Faymann and Finance Minister Michael Spindelegger had to explain their actions in regard to Hypo Group Alpe Adria in parliament.
February 17, 2014
Threat of Bankruptcy: Moody´s Cuts Hypo Group Alpe Adria´s Rating
The U.S. rating agency downgrades the rating of the Austrian nationalized lender by four notches. Moody´s referred to the uncertainty and the vague statements of the Austrian government.
February 15, 2014 · Updated: February 15, 2014; 18:47
Austria: Changes Ahead of Buwog’s IPO
Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).
February 14, 2014
Immofinanz Kicking Off IPO of Buwog
Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.
February 13, 2014
Banks Lose Credibility and Trust
A survey reveals the fear of financial institutes enriching themselves at the expense of of private persons is widely spread.
February 12, 2014
Hypo Group: Emergency Sitting in National Assembley Fixed
An extraordinary session in the National Assembley will take place next Monday in regard to Hypo Group Alpe Adria.
February 12, 2014
Hypo Group: Bad Bank Active at Least 10 Years
Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.
February 12, 2014
Hypo-Disaster: Harsh Criticism from Opposition
The opposition parties have expressed their unanimous criticism about the government failing to come to a joint decision with the Austrian banks and consequently forwarding all costs to the taxpayers.
February 11, 2014
Ukraine: Tough Market for Foreign Banks
The coming two years will be challenging for foreign banks operating in Ukraine.
February 11, 2014
Wifo: Recovery Continues
Early indicators by the Austrian Institute of Economic Research (Wifo) point to a gradual recovery of the economy both in the European Union and in Austria.
February 11, 2014
Austria: Bank Participation for Hypo Off
A participation model with Austrian banks can be ruled out for ailing Hypo Group. Instead, a more expensive version will be applied.
February 10, 2014
FMA: Hypo Group Bankruptcy Incalculable Risk
The government does not dismiss the idea of a bankruptcy of ailing Hypo Alpe Adria. However, the Financial Market Authority (FMA) has expressly warned of this form of downsizing of the state bank.
February 10, 2014
Hypo Group Alpe Adria: Bankruptcy Would Affect Foreign Investors
In case of an unorderly insolvency of the Austrian nationalized lender, not only Austrian creditors would have to absorb losses. The majority of the bondholders are German and Swiss investors.
February 6, 2014
VSE and Kazakhstan Stock Exchange to Intensify Cooperations
Vienna Stock Exchange (VSE) and Kazakhstan Stock Exchange intensify cooperation – joint data vending agreed.
January 30, 2014
WKO Rejects Further Financial Burdens for Banks
According to the Austrian Chamber of Commerce (WKO), the financial burdens of banking institutes in Austria are significantly higher than those of their competitors in other EU member states.
January 29, 2014
Austria: Government Makes € 1bn for Hypo Group Available in Budget
Nationalized problem bank Hypo Group Alpe Adria has listed a need for state subsidies in the amount between € 400m and € 900m in this year’s downsizing plan.
January 29, 2014
Austria: Bank Particpation Still Uncertain
It is still unclear whether the Austrian banks will participate in a downsizing construction of Hypo Group. First results will be presented in February
January 28, 2014
Austria: OeNB Forecasts Modest Economic Growth
According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.
January 24, 2014
Foreign Banks Leaving Bulgarian Market
In the past three years three non-domestic banks have left the Bulgarian market.
January 24, 2014
Hypo Group: Decision Within First Quarter of 2014
The long-awaited meeting between the government and Hypo Group’s taskforce has been fixed to find a solution of the Austrian problem bank. The option of a bank participation is still on top of the list.
January 23, 2014
Austria: Nowotny Calls for Fast Decision on Hypo Group
The Governor of the Austrian National Bank (OeNB) presses the government to act quickly and avoid further straining the budget and burdening the taxpayers.
January 21, 2014
Erste to Maintain Business in Hungary
According to CEO of Erste Group’s Hungarian affiliate, the bank will remain in the country to expand business activity.
January 21, 2014
S Immo Looking Forward to 2014
9.98% price performance and new projects in Berlin. Summary of 2013 and outlook for 2014
January 21, 2014
Oberbank Continues Expansion Strategy
The Austrian regional bank considers Vienna and the Czech Republic as potential growth markets.
January 17, 2014
BayernLB Bought Hypo Group Alpe Adria above Value
Apparently former member of BayernLB’s supervisory board acquired Hypo Group Alpe Adria above its value.
January 16, 2014
Croatian Economy Suffers from Low Investor Confidence
In the first nine months of 2013, FDI continued to shrink. However, the FDI will improve gradually, analysts say.
January 16, 2014
Hypo Group: Other Downsizing Unit than Bad Bank?
Rumors about other models than a bad bank have appeared.
January 15, 2014
Citizens from CEE Major Benefit for EU
A current paper published by the OECD shows that the European Union benefits from migration of Eastern European citizens as they compensate imbalances in the labor markets.
January 15, 2014
Property Market: Vienna More Attractive than Berlin or Munich
Compared to German metropolises, the Viennese property market has still a significant upside potential. Nevertheless, the office market in Vienna is expected to stagnate in the next few years.
January 15, 2014
CA Immo: Operating Performance above Expectations
CA Immo: Strong performance in 2013 boosts profitability and share price development.
January 14, 2014
Nowotny Sees Growth Potential in Eurozone and CEE
According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.
January 14, 2014
Bank Austria Generates Fresh Capital
On Monday, January 13, UniCredit Bank Austria issued its first mortgage bond for 2014 to strengthen its capital base.
January 14, 2014
RBI Expects Growth to Accelerate in 2014
2014 marked by growth recovery, according to RBI Research.
January 9, 2014
Poland: On Path of Recovery and Growth
The Polish economy has been growing steadily since the beginning of 2013. However, budget deficit slightly exceeded forecasts.
January 7, 2014
Hungary: MKB Bank Sells Romanian Subsidiary
As announced in a statement Hungarian MKB Bank has sold its entire stake of its Romanian subsidiary.
January 3, 2014
Austria: Personnel Changes at Immofinanz
Daniel Riedl succeeds Alexander Hoff as spokesman of the BUWOG Management Board.
January 3, 2014
CEE: Economic Sentiment Cautiously Optimistic
The economic sentiment for Eastern European countries is becoming more optimistic, however, only cautiously. Poland is on top of the list of economists at JP Morgan.
January 2, 2014
Austria: Hard Times for Regional Banks
Not only large banks are under pressure. In 2014, Austrian regional banks expect enormous challenges to deal with.
December 31, 2013
Austria: Kapsch Delivers Warning to Policy-Makers
Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.
December 27, 2013
Austria Bought Time for Examining Hypo Deal
Austria was granted more time for a possible appeal of the purchase of problem bank Hypo Group Alpe Adria from former parent company BayernLB.
December 23, 2013
Austrian and Germans Offered Most for Bulgarian Schuldschein
Average interest rates for Bulgarian Schuldschein loan range between 3.4 to 4.6 percent. Austrian and German investors offered most of the € 290m loan.
December 23, 2013
Austria: Rules for Bank Tax to Be Changed
The governing parties call for changes in the bank tax which would increase the burden of some Austrian banks.
December 20, 2013
Buwog's Spin Off More Likely than IPO
Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.
December 19, 2013
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