Italy

South Tyrol Claims Economic Independence

In order to reach the same economic growth level of Germany or Austria, South Tyrol offers € 15.0bn to Italy.

January 12, 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

Concerns Over Bank Austria´s Holding Company

Share prices of the Italian UniCredit fell drastically over the last days. The major bank urgently needs a capital increase.

January 7, 2012

Hypo Alpe Adria Gets More Time to Build Up Capital

The Carinthian nationalized bank has to raise its own funds ratio to 12%. The Financial Market Authority granted a deadline extension of nine months.

December 30, 2011

Bank Austria Expects Positive Results

In spite of high losses in the third quarter, the subsidiary of the Italian UniCredit forecasts slight, but positive results.

December 28, 2011

UniCredit Plans to Abolish “Bank Austria” Brand

The Italian group will rename several subsidiaries in order to standardize its brand presence.

December 22, 2011

Bank Austria Reviews Strategy for CEE

In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.

December 17, 2011

Hypo Tirol Needs Capital Increase

The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.

December 7, 2011

Only Small Increase in Exports in 2012

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

December 6, 2011

Further Write-Offs at Hypo Tirol Possible

The Tyrolean bank could make further write-offs in 2012. Non-performing loans of € 30m in Italy are still in the books.

December 5, 2011

Hypo Tirol Expects Loss of € 110m

The Austrian regional bank’s result will be impacted by major write-downs of non-performing loans in Italy.

December 2, 2011

Jobs to be Cut at Bank Austria

After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.

November 15, 2011

High Losses for Bank Austria

Due to high write-offs in Ukraine and Kazakhstan, losses amount to € 600m in the third quarter. The first nine months bring profits of only € 4.5m.

November 14, 2011

Felderer: “Austria’s Triple-A at Risk”

The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.

November 9, 2011

Agricultural Exports Show Significant Rise

The Austrian agricultural exports reached almost their all-time high from 2008. Especially Italy is becoming increasingly important.

October 29, 2011

Hypo Group Plans to Sell Austrian and Italian Subsidiary

The nationalized bank continues its downsizing program. Major parts shall be privatized again now.

October 25, 2011

Novomatic Continues its Success in Italy

Novomatic celebrates a historic milestone in Italy, Europe’s largest gaming market. Italy is now operating the 10,000th video lottery terminal produced by Novomatic in Gumpoldskirchen, Austria.

October 20, 2011

Austrian Railways to be Widened

The EU Commission declares the Austrian South Axis to be strategically important.

October 19, 2011

Hypo Group: „Need Time, not Cash“

Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.

October 18, 2011

Lower Profits for Verbund´s Subsidiary Sorgenia

Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.

October 18, 2011

Verbund´s Subsidiary Expands in Italy

Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.

October 11, 2011

Austrian Food Exports are Booming

About 66% of the domestic food production is being exported. Germany remains the most important foreign market.

October 10, 2011

UniCredit: Sale of Bank Austria?

According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.

October 8, 2011

Kärntner Sparkasse Finalized Withdrawal from Italy

The Carinthian bank will close its operating business in Italy. The branches have been overtaken by the South Tyrolean “Südtiroler Sparkasse”.

October 8, 2011

Generali Austria Report Small Rise in Premiums

The Italian insurance group shows a small rise in premiums in spite of a difficult Austrian insurance market.

October 5, 2011

New Difficulties for Brenner Tunnel

The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.

September 12, 2011

Italian Strabag subsidiary Wins € 161m contract in Tuscany

Adanti, the subsidiary of the Austrian building company will upgrade the State Road 223 between Grosseto and Siena. Adanti´s share is 65%.

September 7, 2011

Novomatic Continues on Growth Course

The Austrian gaming machine manufacturer achieved a plus in revenue of 17% in the first half of the year. EBIT remained stable at € 108.6m.

August 30, 2011

ADX Buys Back 20% Interest in Lambouka

The Austro-Australian oil and gas exploration and appraisal company increases its interest in the Tunisian prospect area to 50%.

August 17, 2011

Kärntner Sparkasse Starts Withdrawal from Italy

The Carinthian regional bank is closing down two branches as a consequence of the economic crisis and new capital requirements.

July 26, 2011

Verbund’s Sorgenia Starts Eco-Subsidiary in Italy

Sorgenia Green is planning to invest € 500m in geothermal energy and hydro power projects in the next five years.

July 26, 2011

Hypo Alpe Adria Opens New Branches in Italy

The Carinthian bank is expanding its business in the neighboring country although the subsidiary will soon be in the hands of a new owner.

July 19, 2011

Helmut Bernkopf New Head of UniCredit’s Private Banking Division

Bank Austria’s Head of Corporate and Investment Banking moves up the career ladder and becomes boss of the parent company’s Private banking division.

July 12, 2011

Binder+Co Takes Over Italian Mechanical Engineering Company

Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.

July 12, 2011

Austria’s Exposure in Italy: € 16.5bn

Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.

July 11, 2011

ÖBB’s Debt Will Amount to € 30bn in 2020

Large infrastructure development projects will almost double the Austrian Federal Railways’ debt. In relation to other European countries, Austria spends the second highest amount per capita on the expansion of rail networks.

July 4, 2011

Verbund: Speculations about Increase in Sorgenia Stake

The Austrian electricity company might sell its shares in Poweo and instead acquire its joint venture partner’s stake in Sorgenia.

July 1, 2011

Hypo Group: End of the First Round in the Bidding Process

Today, Friday, was the closing date for the submission of tenders for Hypo Group’s Austrian business. The sale process is expected to take several months.

June 17, 2011

Palmers on the Way Back to Black Figures

The Austrian lingerie group’s results are still negative due to the acquisition of Lejaby. An expansion of the Palmers brand is planned in Germany and CEE.

June 15, 2011

Verbund Evaluating Future Options for Sorgenia

The Austrian electricity company and its partner, the Milanese industrial holding CIR, will decide about the future shareholder structure of their joint venture.

June 9, 2011

ÖBB with Capital Injection for Its Italian Freight Business

The Austrian Federal Railways’ subsidiary Linea needs additional funding in order to cover its last year’s losses of € 5.8m.

June 9, 2011

Stable PIGS-Exposure of Austrian Banks

The last quarter of 2010 has brought only minor changes in the total amount of lending to the four countries in southern Europe by Austrian banks.

June 6, 2011

Hypo Alpe Adria to Sell its Italian Subsidiary

The Carinthian bank intends to divest its operations in the neighboring country. The subsidiary achieved a profit of € 10.82m in 2010.

June 1, 2011

Kärntner Sparkasse Planning Partial Pull-Out of Italy

The Austrian regional bank intends to close a part of its Italian branches. The credit business has suffered from the crisis; the future focus will be on deposits and private banking.

May 18, 2011

RBI Joint Bookrunner for € 1.75bn Bond

The bond, which is issued by Banca Monte dei Paschi di Siena, is the second largest EUR-denominated senior unsecured issue by an Italian bank in 2011

May 10, 2011

Doppelmayr Scores € 105m Contract

Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.

April 29, 2011

Verbund Subsidiary Sorgenia Managed Turnaround

The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.

April 20, 2011

ÖBB Promote Construction of the Brenner Tunnel

After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.

April 14, 2011

Resch &Frisch - Expands to Italy

The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.

April 13, 2011

Cineplexx Expands

The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.

April 12, 2011
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