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Leaders

Magna May Withdraw from Austria

The automotive group threatens to leave Austria. The wages would be too high, Magna Europe´s CEO Günther Apfalter says in an interview with “Kurier”.

November 5, 2012

Rostowski: Poland´s Economic Slowdown “Only Temporary”

Regarding the medium-term economic development, the Polish Finance Minister Jacek Rostowski proves confidence.

November 2, 2012

„Banking Union Weakens Central Banks“

The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.

October 30, 2012

„Strengthening Relation with Russia“

Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.

October 25, 2012

Jürgen Kullnigg Becomes the New Chief Risk Officer of Bank Austria

Jürgen Kullnigg will join the Management Board of Bank Austria to succeed Massimiliano Fossati, who will move to UniCredit in Milan to become Chief Risk Officer Italy

October 24, 2012

Austrian Banking Industry to Downsize Radically

According to Bank Austria´s CEO Willibald Cernko, the Austrian banking industry must cut its number of branches radically.

October 23, 2012

CA Immo to Downsize

Florian Nowotny, CFO of the Austrian real estate company announces further property sales.

October 19, 2012

Vienna Stock Exchange Wants Austrian Post to Become Privatized

Birgit Kuras, CEO of Vienna Stock Exchange, wants the Austrian state to reduce its 53% stake in Austrian Post.

October 19, 2012

Porr´s Construction Output Shrinks

The third-largest Austrian construction group records an increase in orders. Porr´s CEO Karl-Heinz Strauss is satisfied.

October 18, 2012

RHI Begins to Downsize in Europe

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

October 18, 2012

Alpine: CEO Dotter Resigns

The management of the financially stricken Austrian construction group reshuffles. The holding company FCC decided to change the management.

October 17, 2012 · Updated: October 17, 2012; 19:15

Voestalpine: Eder Does Not Exclude to Leave Austria

Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.

October 15, 2012

Voestalpine: No Investments in Europe

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

October 12, 2012

Orban Rejects Joining Eurozone

The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.

October 10, 2012

Rudolf Kemler New Supervisory Board President of OMV

Result of OMV‘s Extraordinary General Meeting 2012: The chairman of ÖIAG (Austrian Industrial Holding) was elected as a member of the Supervisory Board.

October 9, 2012

Poland´s Komorowski: “Strong Swiss Franc Causes Problems”

On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.

October 5, 2012

Fekter Appeals on Banks to Prevent Credit Crunch

Banks should be more creative in financing the real economy instead of creating new financial products, she says.

October 5, 2012

„Austria Does Not Need Shale Gas“

Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.

October 1, 2012

Raiffeisen: CEE Network to be Closed

Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.

October 1, 2012

Lenzing: Mandate of CEO Untersperger Confirmed

The Austrian fiber producer extends the management board mandate of Peter Untersperger until 2016.

October 1, 2012

Fekter Against Property Taxes

The Austrian Minister of Finance Maria Fekter (ÖVP) would support an income tax reform. Property taxes would not be acceptable, she says.

September 29, 2012

Stronach Founds New Party: „Historical Event“

The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.

September 27, 2012

Austrian Industry Claims Tax Cut

The Federation of Austrian Industries (IV) wants a tax relief. In the coming years, the tax quota should be reduced to 38%.

September 20, 2012

Klaus: Czechs Against Banking Union

The Czech President notes that the Czech Republic cannot achieve anything without a recovery of the European economy. However, it would be advantageous to stay outside the Eurozone.

September 18, 2012

Eder Calls for Cut in Steel Production

The CEO of the Austrian steel producer voestalpine asks the European Union to introduce a controlled reduction of the steel production. The overcapacities would cause lower prices, Eder argues.

September 17, 2012

Nowotny: „Fiscal Union Still Far Away“

Ewald Nowotny, governor of OeNB (Austrain Central Bank) does not believe in a quick implementation of the fiscal union.

September 17, 2012

„I´m Concerned About the Atmosphere in Southeastern Europe“

In an interview with the Austrian newspaper “Presse”, the Croatian Minister of Foreign Affairs Vesna Pusic explains that Croatia still aims to become a member of the Eurozone. The Maastricht Criteria would not be fulfilled yet, she says.

September 11, 2012

Bank Austria: Bernkopf New Management Board Member

Helmut Bernkopf becomes Management Board member of Bank Austria with responsibility for the bank’s private and corporate customers

September 11, 2012

Kapsch Against Excluding Greece

The President of the Federation of Austrian Industries (IV) thinks that the Austrian pension system shows a substantial savings potential.

September 10, 2012

Nowotny: Austrian Banking Sector “More Boring, but More Stable”

European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.

August 31, 2012

Barroso: “We Must Complete Europe” (Part 2)

At the Alpbach Economic Symposium 2012, the President of the EU-Commission José Manuel Barroso explained the “logics of integration”. In order to meet new challenges, the EU has to promote integration, Barroso says.

August 30, 2012

Debt Crisis: “Somebody Will Have to Pay”

European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.

August 30, 2012

Faymann Against Breaking Up the Eurozone (Part 1)

At the AlpbachE conomic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.

August 30, 2012

Barroso: “We Must Complete Europe” (Part 1)

At the Alpbach Economic Symposium 2012, the President of the EU-Commission José Manuel Barroso explained the “logic of integration”. In order to meet new challenges, the EU has to promote integration, Barroso says.

August 30, 2012

Austrian Government to Reshuffle?

In the governing ÖVP, a power struggle is going on, insiders say. Rumours are not breaking up and are highly controversial. Finance Minister Maria Fekter may be replaced by Michael Spindelegger.

August 29, 2012

Education: Vranitzky Shows Dissatisfaction with Austrian Government

The former Austrian Federal Chancellor Franz Vranitzky criticizes the Austrian government sharply. For him, the university sector is a “very bad example of inequality between the generations”.

August 29, 2012

Ametsreiter Calls for Activity

On the occasion of the Alpbach Forum 2012, Telekom Austria´s CEO Hannes Ametsreiter underlined the necessity of implementing reforms in Austria.

August 29, 2012

Rasinger Wants to Become ÖIAG´s Chairman

In July, the Austrian investor representative Wilhelm Rasinger confirmed his willingness to become ÖIAG´s new director.

August 18, 2012

Paierl Said to Become Next Chairman at ÖIAG

After months of discrete discussions, the new chairman of the Austrian Industrial Holding (ÖIAG) seems to be certain.

August 16, 2012

Succession: Difficult Search at ÖIAG

The search for a new director for the Austrian Industrial Holding proves difficult. In spite of the attractive job, many potential candidates rejected.

August 13, 2012

ÖIAG: New Potential Candidate

Rumors on the succession of Markus Beyrer do not break up. The manager Werner Lanthaler seems to have good prospects.

August 6, 2012

ÖIAG: Search Goes On

The number of candidates for the succession of Markus Beyrer as CEO of the Austrian industrial holding keeps within limits.

August 2, 2012

SBO: „We are growing organically“

In an interview with the Austrian business magazine „Wirtschaftsblatt“, SBO´s CEO Gerald Grohmann underlines the company´s intention to keep the gearing low and generate further growth.

July 31, 2012

Roiss Claims Energy Strategy

Gerhard Roiss, CEO of the Austrian energy company OMV, warns of a withdrawal of the energy-intensive industry tot he U.S.

July 26, 2012

„AUA Must Be in the Black Numbers“

For Austrian Airline´s CEO Jaan Albrecht, the implementation of the austerity program and the transfer of undertaking is mandatory.

July 26, 2012

Former AUA Board Member Bierwirth Enters T-Mobile

Andreas Bierwirth becomes CEO of T-Mobile Austria. The current CEO Robert Chvatal leaves the company for “personal reasons”.

July 25, 2012

Nowotny: „Germany Has Key Function“

The governor of OeNB (Austrian Central Bank) is against forced loans in Austria. Regarding Eurobonds, Germany as Europe´s biggest economy would have the key function.

July 18, 2012

Nowotny to be Re-Elected

The governor of OeNB (Austrian Central Bank) Ewald Nowotny is said to be re-elected in his current position.

July 18, 2012

Koren will be new CEO of VBAG

Starting from 1 september 2012, Koren becomes the new head of VBAG´s management board. New member of the board Rainer Borns should represent a „strong connecting link to regional Volksbanks“.

July 17, 2012

Changes in Petrom’s Executive Board

Petrom, the largest oil and gas producer in Southeastern Europe, announces a change in its Executive Board. Starting September 1, 2012.

July 13, 2012
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