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 Bank’s Slovenska sporitelna.British media report today (Fri) that the Slovakian subsidiary of Vienna-headquartered Erste Bank teamed up with VUB bank – a Slovakian competitor owned by Italy’s Intesa Sanpaolo […]

Office complex blaze causes huge damage

General News

Experts are investigating after an office complex in Leibnitz, Styria, was devastated by a fire last night (Weds/Thurs).Local officials said today around 50 firemen managed to extinguish the blaze shortly, causing around 200,000 Euros of damage.They added no one was injured as fire-fighters avoided the blaze spreading to adjoining buildings.

Siemens boss calls for ‘stable and transparent’ financial economy


Siemens chief Peter Löscher said he saw signs of recovery of the European economy as he attended the opening of a new office complex in Vienna today (Fri).The Austrian said: “Tendencies of the European economy managing to recuperate are clearly visible despite the nervousness dominating the international financial markets.”Löscher stressed that a “stable and transparent” […]