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Privatizations
Poland Promotes Privatizations
This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012
Slovenia: Sustersic Rules Out Coming Under Rescue Umbrella
In an interview with the Austrian news magazine “Standard”, Slovenia´s Minister of Finance Janez Sustersic says that his country is not candidate for the safety net ESM.
December 28, 2012
Romanian Post to be Privatized
In total, 51% of the company will be sold. The Romanian state will keep a 24% stake in Post.
December 18, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
Romania: EBRD Presses for More Reforms
According to the European Bank for Reconstruction and Development, Romania must become more attractive for investors.
November 10, 2012
Slovenia: Creation of Bad Bank Should Solve Credit Crunch
At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.
November 6, 2012
Poland Starts Privatization Program
The Polish government wants to sell state-owned assets worth € 5bn.
October 18, 2012
EU as „Serbia´s Most Important Market“
The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.
October 4, 2012
Viennese Investors to Sell UkrTelekom
The Ukrainian investor Rinat Achmetow is said to acquire UkrTelekom.
October 3, 2012
IMF Puts Pressure on Slovenia
Slovenia is urged to implement quick reforms. Otherwise the country may have to be bailed out by the safety net.
October 3, 2012
Austrian Railways to be Privatized?
ÖVP (Austrian People´s Party) again pushes for a privatization of ÖBB (Austrian Railways). The sale of the freight division would be conceivable, ÖVP´s chairman Michael Spindelegger says.
October 2, 2012
Dacic: „Reforms, Attracting Investments and Starting EU Integration“
The Serbia Prime Minister Ivica Dacic underlined that the government will implement reforms in order to stop the economic crisis.
September 26, 2012
Crucial Days for Slovenia
This week, Slovenia´s Parliament may decide on establishing a bad bank. After Prime Minister Janez Jansa warned of a national bankruptcy, the Slovenian opposition is under pressure.
September 26, 2012
Serbia to Privatize Publicly Held Companies
In order to reduce the budget deficit, the Serbian Minister of Finance Mladjan Dinkic plans to sell a part of the state-owned companies.
September 22, 2012
ÖIAG to be Enlarged?
Publicly held companies like Verbund or Austrian Railways should be integrated into the Austrian industrial holding group.
September 21, 2012
Romanian Romgaz to be Privatized
The privatization of Romgaz at Bukarest Stock Exchange may become Romania´s biggest IPO. According to the Romanian news agency hotnews, other big privatizations in Romania may be postponed.
September 10, 2012
Austrian Railways: Pöchhacker Opposes to Privatization Plans
Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.
September 10, 2012
ÖBB to Become Privatized?
In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.
September 8, 2012
Kemler New CEO of ÖIAG
The former CEO of Hewlett Packard Austria was elected as new Chief Executive Officer of the Austrian Industrial Holding.
September 7, 2012
IMF: List of Demands against Hungary Became Public
The list contains demands of the IMF against Hungary and is the precondition for the safety loan of € 20bn. However, the list could be a counterfeit.
September 7, 2012
Slovenia: „Irish or Greek Way“
The Slovenian economist Egon Zakrajsek explains that Slovenia´s illiquidity only a question of time. The problem banks should be sold, he recommends.
September 5, 2012
Five Potential Buyers for Kommunalkredit
Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.
September 4, 2012
Kapsch Sees Austria´s Main Problem in Education Sector
In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.
August 22, 2012
Several Potential Buyers for Kommunalkredit
In 2013, the nationalized Austrian bank must be re-privatized. The buyer won´t be an Austrian bank.
August 21, 2012
Demerger at Hypo Group Resolved
In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.
August 14, 2012
Austrian Railways „Fit for the Capital Market in a Few Years“
Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.
August 6, 2012
Kommunalkredit: Small Profit, Big Risks
In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.
August 4, 2012
Kommunalkredit Sale: „There are potential buyers“
Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.
July 27, 2012
Slovenia in Financial Distress
In order to prevent becoming a bail-out candidate, the Slovenian government aims to resolve a „debt brake“. It turns out that this goal is highly uncertain.
July 21, 2012
Resistance Against Enlargement of ÖIAG
The chairman of ÖBB´s (Austrian Railways) supervisory board Horst Pöchhacker rejects the idea of integrating ÖBB, Verbund or Asfinag into the publicly held Austrian industrial holding ÖIAG.
July 19, 2012
Heavy Dispute Over ÖIAG
The Austrian Minister of Finance plans to incorporate the publicly held stakes in ÖBB, Asfinag and Verbund into ÖIAG. The coalition partner SPÖ and Reinhold Mitterlehner oppose to this attempt.
June 21, 2012
Liebscher Calls for New Model of Bad Banks
The chairman of Austria´s Fimbag, the state holding of nationalized banks, wants to put aside toxic assets of nationalized banks.
June 18, 2012
Mitterlehner Suggests Dissolving ÖIAG
The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.
June 16, 2012
„Shotdown of Hypo Group Would Cost € 6.0bn“
The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.
June 15, 2012
Hypo Group: The Time is Pressing
Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.
June 11, 2012
Bad Bank for Hypo Group?
The nationalized Austrian bank Hypo Group Alpe Adria considers to create a bad bank in order to avoid further capital injections.
June 8, 2012
Kommunalkredit Sale: Austria Hires Morgan Stanley
The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.
June 6, 2012
Hypo Group: Further State Aids not Excluded
Johannes Ditz, chairman of the nationalized Hypo Group Alpe Adria, wants to sell about a third of the interests until 2014. In the end, losses are likely.
May 30, 2012
The Euro - A Big Error (Part 3)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 29, 2012
Telekom Austria Interested in Kosovo´s PTK
The Austrian telecommunication service provider still shows interest in taking over the Kosovo-based telecommunication company PTK. Last year, the sale was stopped.
May 4, 2012
Kommunalkredit: Losses Reach € 150m
The nationalized Austrian lender had to write down Greek sovereign bonds. Write-offs totaled € 176m.
April 30, 2012
Hypo Group Alpe Adria Splits Operations
The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.
April 26, 2012
Romanian Government Considers Privatizations
The remaining publicly held stakes in Petrom, a subsidiary of Austrian OMV may be privatized. OMV does not participate in the transaction.
April 10, 2012
Romania Plans Further Privatizations
Above all, a sale of the minority stake in the oil company Petrom could bring up to $ 600m. The Austrian OMV, which is the majority owner of Petrom, could be interested.
March 27, 2012
Telekom Austria: Pecik Denies Sales Talks
The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.
March 19, 2012
Austerity Package: Sorger Misses Reforms
The President of the Federation of Austrian Industries (IV), Veit Sorger, sees a massive lack in structural reforms. The austerity package is a “missed opportunity”.
March 3, 2012
Public Dispute Over Privatizations
The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.
February 29, 2012
Kommunalkredit: More Costly than Hypo Group
The Austrian state had to made expenses of € 4.65bn for the nationalized Kommunalkredit. In total, the bank package´s volume reaches € 11bn.
February 9, 2012
Still Capital Requirement at Kommunalkredit
The „bad bank“ of the nationalized Austrian bank, KA Finanz, receives € 190m by the Austrian state. Moreover, another € 600m are needed in the first half of 2012.
February 7, 2012
Privatization of Kommunalkredit Starts
The sale of the nationalized bank will start in the second half of 2012. For 2011, losses could reach up to € 150m.
February 4, 2012