Finance
29. 07. 10 - 14:45
Erste Bank CEO wants tax on assets
The head of Austria’s second-biggest bank has caused a stir by calling for the introduction of a tax on assets.
Austria and Israel agree on double tax treaty
Business relationships between Austria and Israel are expected to improve after the countries agreed on a double taxation agreement. [...]
Erste in €40mn support deal for Tvarna mall project
A Northern Irish property firm is set to build a new shopping centre an hour’s drive from Austria after getting a multi-million Euro loan from Erste B [...]
BA boss says new taxes would endanger thousands of jobs
Politicians would put thousands of jobs at risk by issuing taxes and regulations, a top banker has warned. [...]
Austrian woes and warnings over Hungarian bank tax plans
Hungary is "playing with fire," Raiffeisenzentralbank (RZB) boss Walter Rothensteiner has warned as the country plans to go ahead with introducing a b [...]
Erste and RZB face stress test
Two Austrian banks will be among the 91 institutes undergoing a stress test by a European financial market watchdog later this month. [...]
Austrian fears as Hungary set to issue bank tax
Austrian banks are considering abandoning some of their activities in Hungary as the government there reveals plans to introduce a bank tax, it has be [...]
Court keeps €100mn Meinl bailout
The Vienna criminal court has said it will not repay 100 million Euros paid out in bail last year for Julius Meinl V. [...]
European investment bank loan for Vienna hospital
The European Investment Bank (EIB) has confirmed it is lending 300 million Euros to co-finance the construction of a new 800-bed hospital in the North [...]
HGAA investigators eye 20 suspects
Ministry experts investigating the scam of nationalised Hypo Group Alpe Adria (HGAA) said they have focused on 20 suspects. [...]
OeNB boss brands stress tests a 'passing fashion trend'
Austrian National Bank (OeNB) Governor Ewald Nowotny warned of overestimating the outcome of the upcoming bank stress tests. [...]
EC go-ahead for extended bank aid
The European Commission (EC) has given the green light for an extension of the Austrian bank assistance package. [...]
Treichl warns of bank curbing's effects on economy
Erste Bank boss Andreas Treichl has appealed to politicians to consider the effects planned regulations for banks could have on the economy. [...]
Austrian credit card usage abroad soars
Credit cards have retained their status as one of Austrians’ most favourite payment methods abroad, according to new figures. [...]
Prehofer denies Cerberus spat as BAWAG PSK departure announc
Regina Prehofer has dismissed claims she decided to leave the BAWAG PSK board over differences of opinion with the Austrian bank’s American owner. [...]
ÖVAG back in the black as search for partner continues
Volksbank AG (ÖVAG) reports good business figures for the first quarter of this year after suffering dramatic losses in 2009. [...]
BCR boss demands more effort in fighting black market
Banca Comerciala Romana (BCR) CEO Dominic Bruynseels has appealed to Romanian leaders to increase their efforts to fight black market activities. [...]
Britain refuses to trade with 500 Euro notes
Austrian travellers have been warned that the 500 Euro note is no longer available in Britain after evidence showed it was used mostly by criminals, B [...]
ÖVP split over tax on financial transactions
The People’s Party (ÖVP) is split on the question of Austria going it alone on a tax on financial transactions, it emerged today (Tues). [...]
Mitterlehner relaxed about Euro crisis
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has said he will "observe the Euro crisis in a relaxed manner for the next few weeks." [...]
Vienna fuel-price summit on 27 May
There will be a fuel-price summit at the economy ministry on 27 May, it was announced today (Tues). [...]
The rate of inflation was 2.0 per cent in April
Austria’s rate of inflation in April was 2.0 per cent, unchanged from March, according to Statistik Austria. [...]
Austrian ECB director says Euro is not in danger
Austrian European Central Bank Director Gertrude Tumpel-Gugerell has said the value of the Euro is not in danger despite its ongoing depreciation agai [...]
Transaction tax could bring in €270 billion annually
A European-wide tax of 0.1 per cent on financial transactions would bring in 270 billion Euros annually, Austrian Attac’s Karin Küblböck said in a TV [...]
Chancellor calls for more-stringent regulation of financial
Social Democratic (SPÖ) Chancellor Werner Faymann has called for more stringent regulation of financial markets and more social justice. [...]
Euro at lowest point in four years
The Euro fell to 1.2237 against the US dollar this morning (Mon), the lowest exchange rate in four years and three cents lower than late last week. [...]
BA predicts growth spurt in second quarter
Bank Austria is predicting a growth spurt in the second quarter in Austria, thanks in part to more optimism in the industry and among consumers. [...]
Minister says weak Euro will promote exports
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner said today (Fri) that the depreciation of the Euro against the dollar in the wake of the G [...]
Strabag aims at market leadership in Russia
Austrian construction firm Strabag wants to become market leader in Russia by 2020, according to its chief Hans Peter Haselsteiner. [...]
Erste Group to fight poverty in CEE
Austrian Erste Group announced yesterday (Weds) evening that it will help fight poverty in Central and Eastern Europe (CEE) by promoting "social busin [...]
Oberbank to buy back 56,000 shares
Oberbank AG announced today (Tues) it would buy back 56,000 of its shares between 18 and 21 May after shareholders gave he go ahead at their annual me [...]