Sponsored Content
Germany
Meeting of German-speaking Finance Ministers in Berlin
On Wednesday, 13 March 2013, German Finance Minister Dr Wolfgang Schäuble welcomed the German-speaking Finance Ministers of Europe to talks in Berlin. The talks focused on current finance and fiscal policy issues.
March 15, 2013
Hungary: Number of Emigrants to Austria Increases
More and more Hungarians emigrate to Austria due to economic and political reason.
March 14, 2013
Austrian Airlines Records Profits
Due to one-time effects, the Austrian subsidiary of Lufthansa returns to the profit zone. Austrian Airlines expects the final turnaround in 2013.
March 14, 2013
Austrian Banks to Stay in Hungary
In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.
March 14, 2013
Austria: New Head of Division for Magna
Former head of Opel, Karl-Friedrich Stracke, is going to assume the automotive engineering division at Magna in Steyr, Austria.
March 12, 2013
Austria: Hypo Group Still Sailing in Stormy Waters
Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.
March 12, 2013
Austria: Nationalizing Hypo Group Prevented BayernLB from Losses
EU Competition Commission pushes the Austrian government to shut down the loss-making Hypo Group.
March 11, 2013
Hungary: Demonstrations in Budapest
Protests against the planned constitutional amendmends took place on Saturday, March 9. US and EU express their concern about the political developments.
March 9, 2013
Lithuania: Exports Decreased by 7.6 % in January
Foreign trade in January 2013 decreased. Major losses in Agricultural sector.
March 8, 2013
Austria: Increase Of Foreign Trade
Even with the economy crisis, the percentage of foreign business expands.
March 8, 2013
Bulgaria/Romania: Schengen-Entry Postponed
The two countries will not become part of the Schengen-zone in 2013. EU interior ministers meet to discuss problem of “social tourism”.
March 7, 2013
Austria: Hypo Managing Board Warns of Losses
Hypo Group’s managers fear that selling the bank precipitately might lead to additional losses up to € 5bn for the bank and federal state.
March 7, 2013
Austria: Insurance Company Allianz Gains Profits
Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.
March 5, 2013
Romania/Bulgaria: Germany Plans Veto against Schengen Entry
According to the journal “Spiegel”, the German government does not regard the two countries as Schengen-worthy.
March 4, 2013
T-Mobile Austria Not for Sale
German T-Mobile emphasizes that the Austria subsidiary will not be sold. T-Mobile Austria has been stagnating for years.
March 2, 2013
BayernLB Rejects Settlement with Hypo Group
The German banking group and its former Austrian subsidiary do not reach a compromise. BayernLB wants Hypo Group to repay a loan of € 2.3bn.
March 2, 2013
Does the Hungarian Telecommunication Sector Face Nationalizations?
According to rumors, Hungary´s government plans to nationalize the Hungarian subsidiary of the telecommunication operator Vodafone.
March 2, 2013
T-Mobile: Profitability Deteriorates
The Austrian subsidiary of Deutsche Telekom suffers from declining turnover and EBITDA figures.
February 28, 2013
Austria Become Second Most Important Trading Partner for Hungary
Last year, only the foreign trade volume between Hungary and Germany was higher. Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz says.
February 23, 2013
Austrian Business Location Still Popular
According to a survey carried out by ABA Invest Austria, Austria ranks third in Europe.
February 19, 2013
Immofinanz Withdraws from the Tender for GBW AG
The Austrian real estate group has withdrawn its non-binding offer for the purchase of the tendered shares in GBW AG, Munich, and informed the seller, Bayerische Landesbank, of this decision on 13 February 2013.
February 13, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Austria´s Economic Situation Is „Unfavorable“
Today, the German economic research institute ifo has published a report on the economic outlook in the Eurozone.
February 6, 2013
Immofinanz Continues Sales in Vienna
The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.
February 4, 2013
Austria Records Highest Unemployment of All Times
With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.
February 1, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Immofinanz: New Projects in Berlin
Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.
January 21, 2013
Hungary Wants Tax Treaty with Switzerland, Germany and Austria
Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.
January 17, 2013
OeNB Does Not Bring Gold Reserves to Austria
Unlike Deutsche Bundesbank, the Austrian National Bank (OeNB) does not transfer the gold reserves from London back home.
January 17, 2013
CA Immo to Focus on Germany and Austria
Following years of rapid expansion in Germany and Eastern Europe, CA Immo is adjusting the focus of its real estate portfolio to existing core markets and the offices asset class.
January 17, 2013
Austria: Regional Energy Providers Invest Massively in Renewable Energy
In 2013, the regional energy supplier Energie AG wants to invest € 180m. The Vienna-listed EVN group intends to increase its renewable energy portfolio by € 800m until 2020.
January 16, 2013
Euro Exchange Rate: Nowotny Contradicts to Juncker
According to Eurogroup-chief Jean-Claude Juncker, the exchange rate of the euro is “dangerously high”. Nowotny disagrees with Juncker.
January 16, 2013
Benko Establishes Joint Venture with Israeli Investor
The Austrian real estate investor René Benko has found a partner. The joint venture will focus on commercial properties in Germany.
January 16, 2013
Austrian Federal Competition Authority Approves Verbund´s Deal in Turkey
The Austrian energy group Verbund sells its stake in the Turkish joint venture Enerjisa to German E.ON. In return, Verbund gets E.ON´s hydro power plans in Bavaria.
January 11, 2013
Klaus Meets Merkel
Czech President Vaclav Klaus wants to persuade Merkel to stop the integration process in the EU.
January 10, 2013
BUWOG to Strongly Expand Business in Berlin
Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.
January 10, 2013
EU Accession: Turkey Shows Self-Confidence
Turkey puts further pressure on Brussels. Until 2023, Turkey wants to become a EU member country.
January 4, 2013
Austrian Signa Holding Acquires „KaDeWe“ in Berlin
The Austrian real estate group Signa Holding acquired 17 shopping centers in Berlin. In total, the sales price comes at € 1.1bn.
December 22, 2012
conwert acquires majority stake in German KWG
Acquisition of approx. 60% stake in German residential property company with 9,700 units. Purchase price of approx. 620 € / sqm.
December 21, 2012
Switzerland Ratifies Tax Treaty with Austria
Switzerland has approved the tax deal with Austria and the UK. The treaty will come into force by January 2013.
December 20, 2012
CESEE: Poverty Grows Considerably
In Europe, one in four citizens is affected by poverty, the Russian newspaper “Rossijskaja Gaseta” states.
December 18, 2012
Siemens Austria: Dividends Reach € 750m
This year, the Austrian subsidiary of the German technology group recorded a moderate profit decrease.
December 18, 2012
Immofinanz: Expansion into Germany
The Austrian real estate company intends to deploy treasury shares to obtain bank financing in order to continue the expansion into Germany.
December 17, 2012
Sharp Attack Against Hypo Group
The legal dispute between Austrian Hypo Group and German BayernLB escalates. The majority owner of BayernLB announced that Hypo Group´s lawsuit will be fought by all means.
December 15, 2012
CA Immo Expands Into Berlin
The real estate company CA Immo has reported the letting of around 6,800 sqm of office space in relation to another development project in the Europacity district of Berlin.
December 13, 2012
Croatia: EU Scepticism Grows
After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.
December 8, 2012
OMV and RWE Talk About Stakes in Nabucco
The German energy group plans sells its shares to Austrian OMV. OMV´s CEO Roiss expects that the consortium of Nabucco will change.
December 8, 2012
Austria Faces Recession
Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.
December 7, 2012
Juncker´s Succession: Faymann Out of the Race
The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.
December 6, 2012
Immofinanz: New Major Project in Germany
With the Casa Stupenda, a pioneering plus-energy house is under construction in Duesseldorf’s MediaHarbor. The outstanding construction costs total approx. € 100m, and completion is scheduled for 2015.
December 6, 2012
Fast News Search
