UNIQA Versicherungen AG (UNIQA) boss Andreas Brandstetter announced plans for a capital increase. Brandstetter said the move would be carried out later this year instead of only in 2013. He explained that another capital increase would be within the bounds of possibility for next year. He said the revenues from the measure would be used […]
Franz Gasselsberger has ruled out an engagement of Oberbank in Eastern Europe (EE). The Linz-based finance institute runs some branches in the Czech Republic, Slovakia and Hungary but concentrates on activities in Austria and Germany. Now its CEO said the plan was to continue “to grow in an organic way”. Gasselsberger told the Kurier: “We […]
Austria’s third-biggest construction company has warned its shareholders of potential losses. Porr AG announced today (Thurs) it might suffer a loss of 70 to 80 million Euros before tax by the end of this year. The firm said it was challenged by write-offs in Eastern European (EE) countries like Hungary and Romania where state-owned institutions […]
Finance Minister Maria Fekter has claimed Austria’s triple A rating is “safe” despite banks’ struggles in Eastern Europe (EE). The People’s Party (ÖVP) minister told radio station Ö1 on Saturday that she saw no imminent risk to Austria losing its top rating currently established by the world’s leading credit rating agencies. However, the minister admitted […]
Austrian health sector services provider Vamed AG is considering investing hundreds of millions of Euros in Romania, according to newspapers in the Eastern European (EE) country. The online news platform Romanian Times cites local newspapers claiming that the Vienna-based firm is interested in spending 200 million Euros on projects in the country which joined the […]
Austria has been found to be among the European Union (EU) nations with the highest gross domestic product (GDP) per capita. Eurostat, the European Commission’s (EC) research and statistic agency, said today (Thurs) that Austria’s per capita GDP was 25 per cent higher than the EU average last year. The institution found the same rate […]
Vienna International Airport (VIA or VIE) registered over six per cent more passengers last month than in May 2010, it was announced today (Weds).The aerodrome Austrias busiest airport and a key air traffic gateway to destinations in Eastern Europe (EE) counted 1.905 million customers in May 2010, up by 6.5 per cent compared […]
Nearly five per cent of people travelling to Romania are Austrians, new figures show.The National Statistics Institute (INS) announced today (Fri) that 4.8 per cent of all holidaymakers who chose Romania in April came from Austria. The agency added that, with 61.7 per cent, a majority of tourists were European Union (EU) citizens.Hungarians take the […]
Upper Austrian investigators smashed what is believed to be one of the busiest drug trafficking organisations of the country.The four suspects three men and one woman aged between 19 and 27 are accused of having dealt with heroin and marijuana worth 160,000 Euros. The illegal substances were smuggled into Austria from Eastern Europe […]
Decision-makers at Austrias biggest bank have been accused of acting greedily by sharply raising supervisory board members salaries.The Erste Group Bank AG (Erste Bank) board announced today (Thurs) that each member of the financial institutes supervisory board will receive 700,000 Euros for its achievements last year, up from half the amount in 2009 when the […]