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  • State banks need further bailouts
    Austria’s nationalised banks will need further billion euro bailouts, according to a report in Austrian weekly "Format".
  • Austrian parliament approves eurozone rescue fund
    Austria's parliament has approved the eurozone's permanent rescue fund, clearing the way for the country's broader participation in the 17-nation zone's financial crisis management.
  • Austrians mainly use cash to pay
    A new study has shown that Austrian's favourite method of spending remains cash, while credit cards or bank cards are used on average about four times a month.
  • Erste Group increased ownership in BCR to 93.27 percent
    Erste Group Bank AG (Erste Group) increased its ownership in Banca Comerciala Romana (BCR) from 93.04 percent to 93.27 percent or by 34.5 million shares following another share purchase offer made to the BCR minority shareholders other than the investment funds (SIFs), the group informed today (Tues).
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