Hypo Alpe Adria Italia has revealed plans to expand.The bank, which is part of Austrias Hypo Group Alpe Adria (HGAA), announced today (Mon) it wanted to focus on offering services to small and medium-sized enterprises (SME) in northern Italy. Hypo Alpe Adria Italia praised these firms as the “backbone” of the regions economy. It added […]
Yamaha, the Japanese owner of Bösendorfer, has introduced a new chief executive at the tradition-rich piano maker.Yamaha announced today (Weds) that Bösendorfer deputy managing director Brian Kemble will succeed Yoshichika Sakai who has headed the Vienna-based firm since 2008. Yamaha explained Sakai will return to Japan to focus on new projects at its piano department […]
Outgoing Deutsche Bundesbank (German Federal Bank) boss Axel Weber has enjoyed a night at the opera as rumours about what he might be getting up to next are flying.The banker surprisingly announced his resignation as head of the Deutsche Bundesbank as of 1 May. Weber was previously thought to be in with a good chance […]
Erste Bank, one of Austrias leading financial institutes, has said it planned to pay back the state aid it has received over the past two years in the coming months.The Vienna-based bank, which is active in the whole Central and Eastern which (CEE) region, announced today (Fri) it intended to return the 1.2 billion Euros […]
Hundreds of staff of Erste Banks Romanian subsidiary took to the streets in Bucharest today (Fri) to demonstrate against the loss of certain rights in a controversial new labour contract proposal.Banca Comerciala Romana (BCR) unionists who represent 75 per cent of the banks employees accuse the financial institutes executive board of having an […]
Telekom Austria (TA) may have suffered a decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) and turnover last year, according to leading analysts.Experts of Erste Bank, Bank Austria (BA) owner UniCredit and Raiffeisen Centrobank (RCB) said today (Tues) that they had expected Austrias leading provider of telecommunication services and mobile connections to have […]
Criminals may have escaped with thousands of Euros after blasting a cash terminal in Vienna-Favoriten this morning (Mon).Authorities in the federal capital said today that a woman living nearby called the police after she was woken up by the blast at around 3am. Policemen found the entrance of the Raiffeisen branch smashed and the cash […]
Officials at the Institute for Advanced Studies (IHS) said today (Fri) that they were aiming to appoint a successor of current chief Bernhard Felderer this autumn.The think tank revealed that 14 economists and business experts have applied for the post. The deadline for applications was last Tuesday.”A company-internal committee will meet to discuss the applications […]
The body of a Bosnian man suspected of clubbing his wife to death with an iron pole five days ago has been found.Miladin G.s corpse was discovered behind the wheel of his Audi Q5 yesterday (Thurs). The car was salvaged from the Salzach River just a few hundred metres from the family home in Pabing-Nußdorf […]
Bank Austria (BA) bosses have said they wanted to increase the institutes focus on private clients in Burgenland.New BA Burgenland chief Andrea Staufer-Waldert said today (Weds) that the bank currently has 52,000 private customers in the eastern province. She added that BAs 13 branches in Burgenland were serving more than 2,100 small and medium-sized enterprises […]