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Leaders

Mignon (PACE) Praises Serbia For Progresses

Today, president of the Parliamentary Assembly of the Council of Europe (PACE) Jean-Claude Mignon gave credit to Serbia’s progress in the execution of reforms and expressed faith in finding solution for the Kosvo issue.

March 12, 2013

Latvia: Increase for Minimum Wages Turned Down

Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.

March 12, 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

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Hungary: Constitutional Amendmends Signed By Vast Majority

EU Commission fears that Hungary’s state institutions will have to experience major restrictions.

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

Hungary: Former President Urges Successor to Veto

Former President Lazlo Solyom warns his follower, President Janos Ader,in a dramatic speech of the end of checks and balances in Hungary’s political system.

March 11, 2013

Slovenia/Croatia: Paving the Way for Brussels

Today, both heads of government, Janez Jansa and Zoran Milanovic, signed the “Memorandum of Understanding” in Mokrice which will permit Croatia to become a full EU member.

March 11, 2013

Austria: Optimistic Economy Minister Forecasts Economic Growth

In an interview with Wirtschaftsblatt, Austria’s economy minister, Reinhold Mitterlehner, forecasts an economic growth rate of 2 % for the next year, 2014.

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

Bulgaria: „Eagle’s Bridge“-Protests Start Today

Other meetings of protest representatives are taking place in Gabrov today to elect a committee for further negotiations with government.

March 9, 2013

Austria: Opposition Puts Forward Constitutional Challenge

Fiscal Pact undermines sovereignty of parliament and forces the country to severe austerity measures.

March 9, 2013

Hungary: Austrian Farmers on the Verge of Dispossession

A new regulation should help Hungarians prevent from "greedy speculators".

March 8, 2013

CZ: President Klaus Leaving Presidential Office

After having been in office for ten years, Czech President Vaclav Klaus left Prague Castle. Today, Friday March 8, his sucessor Milos Zeman is going to be sworn in.

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: Elsner Files Lawsuit in US Supreme Court

Former BAWAG CEO Helmut Elsner filed a lawsuit over $ 1.8bn against members of the Austrian Social Democrat party (SPÖ).

March 7, 2013

Slovenia/Croatia: Agreement over Bank Dispute

After years of debate, there seem to be a final agreement in the fight for the insolvent Ljubljanska Banka. The settlement should pave the way for Croatia’s becoming an EU member state.

March 7, 2013

Hungary: Incoming National Economy Minister Summarizes Targets

Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones

March 7, 2013

Hungary: Expropriation of Foreign Farmers

Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.

March 7, 2013

Poland: NBP Cuts Interest Rate to Record Low

The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.

March 6, 2013

Slovenia: Bratusek New Head of Government

Today, Slovenia´s Lower House of Parliament has elected a new Prime Minister. Janez Jansa continues to manage the government business.

February 27, 2013

Poland: Rostowski Becomes Deputy Prime Minister

Poland´s government has completed a government reshuffle. Finance Minister Jacek Rostowski was promoted to Donald Tusk´s Deputy Prime Minister.

February 21, 2013

Klaus Recommends to Split Eurozone

According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.

February 7, 2013

Rothensteiner: „Bank Taxes Cause a Cut in Lending”

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) says that bank taxes have a detrimental impact on the economic development.

February 5, 2013

„Whatever Happens to the Euro, Happens to Our Currency“

In an interview with the Austrian daily newspaper “Kurier”, Latvia´s Prime Minister Valdis Dombrovskis explains why Latvia joins the Eurozone. However, the Latvians are not convinced at all.

January 30, 2013

Austria: Non Performing Loans on the Rise

According to RBI´s (Raiffeisen Bank International) CEO Herbert Stepic, the NPL quota has risen in Austria last year.

January 29, 2013

Peter Czapek becomes CEO of Bank Austria Real Invest

Gerhard Dreyer, 53, now responsible for Investment and Asset Management as well as Group Investments. Günter Hofbauer, 47, remains responsible for risk management and controlling.

January 29, 2013

„Our Future is Central and Eastern Europe“

Andreas Treichl, CEO of Austrian Erste Group, stresses the importance of the CESEE region and the necessity to become more efficient.

January 29, 2013

Erste Group´s CEO Wants to Create CESEE Stock Exchange

Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).

January 23, 2013

Eder Reaffirms: „European Industrial Sector Is in Danger“

In an interview with the Austrian news magazine “Presse”, voestalpine´s CEO Wolfgang Eder criticizes the European industrial policy sharply.

January 21, 2013

Stepic: „CESEE Region Faces Challenging Year“

RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.

January 15, 2013

Nowotny Expected to Remain for Full Term

Finance Minister Fekter thinks that Nowotny will not resign before the end of his new term.

January 9, 2013

Slovenia: Government in Crisis

After severe allegations of corruption, Slovenia´s government is under pressure.

January 9, 2013

Nowotny Remains Governor of OeNB

According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).

January 7, 2013

Vienna Stock Exchange: Management Demonstrates Optimism

Birgit Kuras, CEO of Vienna Stock Exchange, is satisfied with the performance of the Austrian main index ATX.

December 30, 2012

Bawag: Changes in Management Board

Retail director Wolfgang Klein becomes Deputy CEO of the Austrian bank. Corey Plinkston joins the management board. Byron Haynes keeps his position as CEO:

December 22, 2012

Wienerberger reduces Managing Board from Three to Two Members

Johann Windisch to leave the Managing Board and take over responsibility for the Bricks & Tiles Division in Europe. Contracts of Heimo Scheuch and Willy Van Riet extended for five years.

December 13, 2012

Telekom Austria: Reappointment of CEO Ametsreiter Uncertain

The future of Telekom Austria´s top management is still open. Anyway, the company gets a third management board member.

December 6, 2012

RHI: 2012 Will be Successful

The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.

November 30, 2012

Nowotny: „CESEE Needs New Growth Model“

Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.

November 26, 2012

„The Worst Is Over Now“

In an interview with the Austrian newspaper “Die Presse”, Birgit Kuras explains that Vienna Stock Exchange faces an upward trend.

November 23, 2012

AMAG: Management Board Reappointed

The Supervisory Board of AMAG Austria Metall AG announces the reappointment of the Management Board members.

November 22, 2012

Nowotny: „Not Afraid of Inflation“

Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the danger of a stagnating economy is bigger than the danger of an increasing inflation.

November 20, 2012

OMV Underlines Necessity of Shale Gas Production

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.

November 20, 2012

Poland: Pawlak Steps Down

The Polish Minister of Economics Waldemar Pawlak resigns. His re-election as leader of the Agrarian Party has failed.

November 19, 2012

Steel Industry: „Up to 100,000 Jobs Endangered“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.

November 17, 2012

Treichl: Austria Should Cooperate with CEE Countries

Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.

November 16, 2012

State Visit: Klaus Received by Fischer

Today, the Czech President Vaclav Klaus has met his Austrian counterpart Heinz Fischer in Vienna. The commonalities are rather small.

November 13, 2012

Nowotny: More Power for Big Countries

The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.

November 7, 2012

Romania: Joining Eurozone is „Not for Sure”

Romania´s Prime Minister Victor Ponta expressed his concerns about introducing the euro in Romania.

November 5, 2012