Sponsored Content
Italy
Coronavirus Update: South Tyrol Confirms First Death
Now the first person infected with the coronavirus has also died in South Tyrol, reports South Tyrol.
March 12, 2020
Austrian Government Announces Drastic Measures on Coronavirus
In the fight against the coronavirus, the government has announced drastic measures for the first time. Entry ban from Italy, partial suspension of air and train traffic, cancellation of events, suspension of teaching at universities and technical colleges.
March 10, 2020
Coronavirus: Austria Declares Entry Ban for Persons from Italy
Austria's federal government has today passed a travel ban for people from Italy. The primary objective is to prevent the exchange of persons and thus the spread of the COVID-19 disease into our society, said Federal Chancellor Kurz at a press conference with regard to the situation in Italy.
March 10, 2020
Air Travel to Austria: Further Flights Stopped Due to COVID-19 Spread
To contain the coronavirus, direct flights from Austria to Iran, South Korea and the northern Italian airports of Bologna and Milan will be discontinued in the next two weeks. Passengers from third countries require a medical certificate. This was announced by the Federal Government during a press conference broadcast nationwide. Details as follows.
March 7, 2020
Travel between Austria and Italy: Security Levels 3 to 5
Due to the current situation of the increasing number of confirmed cases of infection with the coronavirus (COVID-19), the Foreign Ministry advises against unnecessary travel to Lombardy. However, air and rail traffic are also affected as follows.
March 3, 2020 · Updated: March 4, 2020; 17:12
Austrian Airlines Cancels Further Flights to Italy, China and Iran Still Suspended
Due to falling demand for flights to Italy as a result of the corona crisis, Austrian Airlines is cancelling 40 percent of its flights to Italy in March and April. Flights to Tehran (Iran) will continue to be suspended until 30 April 2020 and flights to Beijing and Shanghai (China) until 24 April 2020.
March 3, 2020
First Suspected Case of Coronavirus in Upper Austria: All-Clear
A suspected case of coronavirus occurred today in the Upper Austrian city of Linz. The all-clear was given in the late afternoon. The tests for COVID-19 were negative.
February 25, 2020 · Updated: February 25, 2020; 17:20
Austria Reports Its First Two Coronavirus Cases as Outbreak Widens
In the Austrian province of Tyrol, two people have been proven to be infected with the coronavirus. A second test was also positive. These are the first two confirmed cases in Austria. The infected persons are two 24-year-old Italians from Lombardy who live in the Tyrolean capital Innsbruck.
February 25, 2020 · Updated: February 25, 2020; 14:25
Coronavirus: Emergency Meeting of Central European Health Ministers in Rome
At the invitation of the Italian Government, the Health Ministers of Austria, Italy, Slovenia, France, Switzerland and Germany are meeting today.
February 25, 2020
Austria is Arming itself against the Coronavirus
The Austrian Federal Government today presented a package of measures against "all" upcoming scenarios, with the aim of ensuring transparency, information and protection for the population. The next 2 to 3 weeks will be decisive in determining how the coronavirus situation develops.
February 24, 2020
Italy-Austria: Coronavirus Emergency Measure Caused Chaos and Panic
A false coronavirus alarm paralysed train traffic between Italy, Austria and Germany. Meanwhile the far right Freedom Party demands that the National Security Council should discuss the situation and that travel to Austria from the affected regions should be restricted.
February 24, 2020 · Updated: February 24, 2020; 11:57
Sobotka in Rome Promotes EU Enlargement Towards the Western Balkans
Meetings with top Italian politicians, but also the commemoration of the Shoah were the focus of a visit by Wolfgang Sobotka to Rome.
January 30, 2020
Foreign Trade: Imports and Exports Pass the 150 Billion Euro Mark for the First Time
The total nominal value of imports of goods in 2018 was 5.8% higher than in the previous year at 156.06 billion euros, while exports of goods rose by 5.7% to 150.1 billion euros. This results in a trade deficit of 5.99 billion euros. More than half of Austria's foreign trade was spread across only five countries.
July 10, 2019
Italian President Sergio Mattarella in Austria
Italy's President Sergio Mattarella was on a two-day state visit to Austria. The main topics discussed were Sea Watch 3, South Tyrol and the situation of the European Union after the elections.
July 3, 2019
Diplomats for the International Day Against Homophobia, Transphobia and Biphobia 2019
More and more embassies, delegations and permanent representations to international organisations supported this day (IDAHOBIT), that raises awareness of LGBT rights violations and stimulate interest in LGBT rights work worldwide, as well as EuroPride 2019 in Vienna.
May 29, 2019
Hub to the Far East - ÖBB Rail Cargo and Port of Trieste Strengthen Cooperation
At a critical time when the question of Italian economic independence from China is being discussed throughout Europe, ÖBB's Rail Cargo Group is intensifying its cooperation with the port of Trieste in order, among other things, to be able to use the transport connection of the Adriatic port to the Far East.
March 22, 2019
Una Notte Italiana at the Concordia Ball 2019
The Concordia Ball, the most important ball held annually at Vienna City Hall, will take place on Friday, 14 June 2019 under the motto "Una Notte Italiana". If you have always dreamed of elegantly waltzing through a festively decorated ballroom, look no further! Grab your dancing shoes, dress in your best gown and enjoy a stunning experience in the home town of the Waltz!
March 7, 2019
Tourism: Vienna Achieves New Record Number of Overnight Stays
Vienna recorded a new tourist record in March with an increase of 8.5% compared to the previous year. The number of guest overnight stays rose to 1,169,000. Most of the tourists came from Germany, Italy, Russia, Spain, the UK and Switzerland.
April 19, 2018
Federal President Widow Margot Klestil-Löffler Designated to Become Special Envoy to Russia and China
Due to tensions in the CEI Central European Initiative in Trieste between the Italian diplomat Giovanni Caracciolo di Vietri as CEI Secretary General and his deputy Margot Klestil-Löffler, it is rumored that the Foreign Office must find a new job for Klestil-Löffler. This is what the daily "Der Standard" writes in its Thursday issue.
February 23, 2018
Unicredit Bank Austria Preliminary Results: Net Profit of About EUR 1.3 Billion for 2015
Unicredit Bank Austria has published its preliminary results for the 2015 financial year. Unicredit's Austrian subsidiary posts a net profit of about EUR 1.3 billion for 2015. Systemic charges including bank levies are up by EUR 89 million to EUR 326 million.
February 10, 2016
UniCredit Final Restructuring Program on Bank Austria's Retail Business
UniCredit announced a major step in its strategic plan execution, by launching a profound restructuring program on its Austrian retail business that will enable Bank Austria to develop its business in a sustainable way, while bringing down significantly its cost income ratio. The restructuring plan will allow to reduce by 2018 Bank Austria's overall costs by € 150mn per year on an ongoing basis on top of the Strategic Plan and with main focus on personnel expenses, leading to an overall cost decrease by almost € 300mn versus 2014 in order to ensure the business sustainability in the long-run.
December 15, 2015
Bank Austria Posts Net Profit of EUR 660 Million for the First Nine Months
UniCredit Bank Austria announced that net profit in the three months to end-September dropped to 172 million euros from 291 million in the previous three months. As reported, the bank plans to terminate up to 14,000 jobs and restructure or exit its retail business in Austria and leasing operations in Italy as it seeks to strengthen its equity.
November 11, 2015
UniCredit - Bank Austria: CEE Operations Move from Vienna to Milan - Retail Business to be Sold or Restructured
Until the end of 2016, all CEE interests with currently 48,000 employees have to be transferred to Milan. Until now this division has been the most important earner for Bank Austria. The 13 banking subsidiaries of Bank Austria in Eastern and Southeastern Europe employ nearly 48,000 people - and thus the majority of the approximately 57,000 employees of Bank Austria. The retail banking business of in Austria with 1.6 million customers has to be sold or restructured, Unicredit announced in the afternoon.
November 11, 2015
Tensions Prior to Announcement of the UniCredit Savings Plans
It is rumored that the groupwide reduction of up to 14,000 jobs will be announced today. It is also about the future of Bank Austria. Bank Austria's parent UniCredit may withdraw the group's CEE head office from Vienna.
November 11, 2015
Euromoney Names UniCredit-Bank Best Bank in CEE
Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.
July 14, 2015
Vienna and Triest - Through History Connected
A recent visit by Triest's Mayor Roberto Cosolini highlights that Vienna and Trieste were connected in the Austro-Hungarian monarchy for more than 500 years. Especially in the 18th and 19th century the port of Trieste flourished and because of its location became one of the most developed economic areas of the Habsburg Empire. It was the most important port of one of the Great Powers of Europe. As a prosperous seaport in the Mediterranean region, Trieste became the fourth largest city of the Austro-Hungarian Empire (after Vienna, Budapest, and Prague).
June 25, 2015
Analysis: Austrian Economy Falls Behind Eurozone Average
The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.
June 1, 2015
Voestalpine Buys Italian Drawn Wire Producer
Voestalpine is expanding its activities in the drawn wire business segment and has completed its acquisition of Italian company Trafilerie Industriali S.p.A. based in Nervesa della Battaglia (Treviso). The acquisition of this Italian manufacturer of special wires brings additional strength to the Voestalpine product portfolio of drawn wire for the automotive industry.
January 12, 2015
Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area
At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.
October 23, 2014
Italian SNAM to Acquire TAG Gas Pipeline for EUR 505 Mln
The Italian gas pipeline operator SNAM is going to buy the alpine Trans-Austria-Gasleitung GmbH (TAG), a pipeline running through Austria and the Alps. The price of the pipeline stretch amounts to EUR 505 million, Italian media reports. Austria’s listed oil and gas group OMV holds an 11-percent stake in TAG.
September 15, 2014
Analysis: The Brenner Base Tunnel
The Brenner Base Tunnel is a planned 55-kilometre long railway tunnel through the base of the Brenner massif. It will run from Innsbruck Hauptbahnhof in Austria to Franzensfeste (Fortezza) in Italy, replacing part of the current Brenner railway. The line is part of Line 1, the Berlin to Palermo route, of Trans-European Transport Networks (TEN-T).
August 11, 2014
Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City
The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).
July 25, 2014
FDI in Austria up by EUR 25 Million
In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.
July 11, 2014
Austria: Western Balkans Representatives are Meeting in Vienna
The Western Balkans Conference and the Central European Initiative (CEI) Ministerial Meeting are currently discussing questions regarding the EU enlargement, the role of the EU as a peace project and the economic situation in the Western Balkans.
June 3, 2014
Czech Arca Capital to Invest in Romania
As reported by daily E15, Czech investment group Arca Capital is planning to make a huge investment in Romania.
May 12, 2014
Fiat Intensifies Investments in Poland
As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.
May 9, 2014
Verbund: Trying to Get Rid of Sorgenia
The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.
May 8, 2014
Hypo Group to Shut Down Subsidiaries in Italy
Until the end of this year five subsidiaries in Italy will be closed.
May 6, 2014
Bulgaria: Banking Sector Getting Back on Feet Again
In the first quarter this year profits of the Bulgarian banking sector grew by 34 percent.
May 2, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Hypo Group Further Losses to Be Expected
Huge losses by the sale of the SEE banking network could be expected.
April 30, 2014
Situation for Austrian Banks in Russia is “Sensitive”
According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
April 29, 2014
Austrian Banking Sector Making Losses
For the first time in 2013, the Austrian banks made losses in the amount of € 1.035bn.
April 29, 2014
Do Taxes Justify a Relocation of Business?
Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.
April 24, 2014
Slovenia: List of Debtors of NLB Published
The Slovenian bad bank BAMC (Bank Asset Management Company) has published the list of debtors of the country’s two largest banks, which are responsible for the disaster of the state-controlled banks.
April 23, 2014
UniCredit: Common Bad Bank with Intesa Sanpaolo?
The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.
April 22, 2014
Hypo Group: Italian Branch Turns Out a Huge Problem
According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.
April 17, 2014
Bank Austria Ends Business on Crimea
One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.
April 16, 2014
Industrial Location Austria Losing Attractiveness
Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
RBI Terminates Business on Crimea
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.
April 15, 2014
Fast News Search
