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Leaders

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

Uniqa Growing Faster Than Czech Insurance Market

Insurance group Uniqa reveals a significant increase in premiums in the first three quarter in 2013. Moreover, Uniqa showed an increase of CZK 3.3bn in the sector non-life insurance and CZK 877m in life insurances.

January 22, 2014

Bank Dispute between Croatia and Slovenia Reappears

Last year Slovenia was ordered in the first instance to pay back the foreign currency deposits of LB’s former affiliate in Sarajevo.

January 22, 2014

Austria: Debt Rate Rises Unstoppably

In the third quarter last year the Austrian public debt rate increased significantly compared to the previous quarter.

January 22, 2014

Croatia Supports Albania in EU Accession Course

Albania hopes that EU Accession Negotiations will take place in June 2014.

January 22, 2014

Austrian Bank Levy: “Penalty Gone Wild”

On the basis of a new method of calculation around € 90m more in bank levy should be generated compared to the previous year.

January 22, 2014

Czech Economy to Grow Not Sooner than 2016

The Czech economy will struggle to show economic growth both this and next year, according to the Czech Federation of Trade Unions CMKOS.

January 21, 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

Serbia: "Kosovo Part of Whole Package"

Serbia hopes to join the union until the year 2020. The solving of the issue with Kosovo remains a key condition. Austrian Foreign Minister Kurz stresses the importance of the region becoming a part of the European Union.

January 21, 2014

Czech Republic: New Government Facing Bumpy Road

The first obstacles for forming a new government seem to have been surmounted – for the time being.

January 21, 2014

Austria: Fischer Calls Upon Respect of Human Rights

At the New Year Reception for the diplomatic corps in Austria, President Heinz Fischer called upon the strict compliance to human rights.

January 20, 2014

Poland to Do without Further Bond Issues

Poland will abstain from issuing new US-Dollar or Eurobonds.

January 20, 2014

Kotian: “Growth in CEE is Accelerating“

In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.

January 20, 2014

Austrian Banks to Resist Further Burdens?

Podium discussion at Viennese law firm Binder Grösswang.

January 20, 2014

Czech Republic: Sobotka Sworn in as PM

Head of the Czech Social Democrats (CSSD), Bohuslav Sobotka, was sworn in as new Prime Minister by President Milos Zeman on Friday afternoon.

January 17, 2014

Slovenia: Controversies over Ambassador’s Statements

Joseph Mussomeli, US ambassador to Slovenia, needs to justify himself to the Slovenian Foreign Ministry over his statements about the country’s independence.

January 17, 2014

Hungary: Forex Loan Problem to be Solved

According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.

January 17, 2014

Audit Court Criticizes Austrian Government Sharply

Josef Moser, president of the Austrian Audit Court, has sharply criticized the government’s resolution.

January 17, 2014

WSE to Become Regional Leader?

The Warsaw Stock Exchange (WSE) hopes to take over a “dominant” role in trading in Central Europe, as announced by GPW, the bourse’s operator, on Thursday.

January 17, 2014

Immofinanz: Good Prospects for 2014

Immofinanz is one of the major real estate enterprises in both Austria and Europe.

January 16, 2014

Austria: What Happened to the Budget Gap?

The question remains even after the government was confirmed and the first tax package presented.

January 16, 2014

Bulgaria: Loan Portfolios Expected to Increase

The increase in industrial production will have a positive effect on the number of loans taken out.

January 16, 2014

Causa Aliyev: Austrian Justice Minister under Pressure

Austrian Justice Minister Brandstetter has registered more former members of the Kazakh secret service than was previously known.

January 16, 2014

Austria Inflation Rate Dropped in 2013

Last year the overall annual inflation rate dropped to 2.0 percent after 2.4 percent in the previous year.

January 16, 2014

Expansion Course of Austrian Banks Slowed Down

After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.

January 16, 2014

S&P: Polish Banks to Remain “Strongly Profitable”

In 2014’s outlook on Polish banks rating agency Standard&Poor; announced that Polish banks are expected to benefit from an ongoing economic recovery and remain “strongly profitable”.

January 15, 2014

Bank Austria Declines Selling Plans in Ukraine

CEO of Bank Austria, Gianni Franco Papa, rejects rumors about Bank Austria intending to leave the Ukraine.

January 14, 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

CESEE: Lack in FDI Causes Modest Economic Growth

The International Monetary Fund (IMF) is cautiously optimistic about economic growth in CESEE.

January 14, 2014

Austria: Expert Paper for Hypo Group’s Bad Bank

An expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria is expected to be handed in to the government until the middle of the week.

January 13, 2014

Serbia Facing Testing Year

The Serbian government is currently working on a plan to improve the competitiveness of domestic enterprises.

January 13, 2014

Austrian Budget Planning to be Completed in May

The six groups in the National Assembley have agreed to the parliamentary plan for the first half year of 2014.

January 13, 2014

Austria: VBAG Not to Receive Further Aids

Ailing banking institute VBAG of the Austrian Volksbanken Group will not be granted further state aids.

January 13, 2014

Poland: Finance Minister Optimistic About Growth

According to Finance Minister Mateusz Szczurek, economic growth in Poland could exceed three percent year-on-year in 2015.

January 10, 2014

Austria: Hypo Group Looking for New CRO

Deputy CEO and chief risk officer of Hypo Group Wolfgang Edelmüller will resign as of the end of February.

January 10, 2014

Czech President Announces Appointment of Government

After months of disputes between the election winner and Czech President Milos Zeman, the date of the appointment of the new government was announced.

January 10, 2014

RBI: Change in Shareholdings Expected

The announcement to increase capital by Raiffeisen Bank International (RBI) did not come as a surprise. However, experts and investors did not expect such a high volume (up to € 2.5bn) and fear a dilution in shareholdings.

January 10, 2014

Slovenia: 2014 Credit Line of € 7.7bn

On Thursday the Slovenian government adopted a budget financing plan which includes this year’s credit line of up to € 7.7bn.

January 10, 2014

Austria: VIG to Sell Stakes in Porr

Listed Vienna Insurance Grop (VIG) downsizes its stake in Austrian construction company Porr, which is also listed at the Vienna Stock Exchange.

January 9, 2014

Poland: Key Interest Rate to Remain Unchanged

As expected, the key interest rate will not be changed. According to Marek Belka, governor of the Polish National Bank (NBP), there was no need in monetary interventions.

January 9, 2014

Eurozone: Further Capital Injections at Banks Expected

The Council of the European Central Bank (ECB) is holding a summit today. The low inflation rate in the Eurozone is still a dilemma for the monetary authorities.

January 9, 2014

Hungary: Austrian Farmers Still Left in the Dark

There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.

January 9, 2014

Slovenia: Growth through Diplomatic Network

Slovenian Finance Minister Karl Erjavec assured that throught diplomatic network the country’s economy will still be supported.

January 9, 2014

Orco Property Group: Cut in Number of Board Members

Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.

January 8, 2014

Austria: First Tax Package to Be Presented

The Austrian government intends to present the first tax package tomorrow.

January 8, 2014

Sobotka Presses for Appointment of Czech Government

As reported by Czech news agency CTK, party leader of the Czech Social Democrats (CSSD) Bohuslav Sobotka will get together with President Milos Zeman to request a fast appointing of the new government.

January 8, 2014

Slovenia: Calls for Reforms Become Louder

The Slovenian Chamber of Commerce (GZS) calls upon the government to accelerate the realization of reforms to boost economic growth.

January 8, 2014
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