Austrian Airlines (AUA) works council chiefs are up in arms over revelations that the debt-stricken carrier forked out bonuses of three million Euros last year.Pilot council representatives said today (Fri) decision-makers were threatening their future and the fate of the whole company when they were informed that 150 managers received bonuses of three million Euros […]
Tag: Erste
Austrian companies have invested six billion Euros in Romania since the fall of Communism, a diplomat has revealed.Michael Schwarzinger, the Austrian ambassador in Bucharest, said that amount has been spent by businesses from his country since the reintroduction of democracy in Eastern Europe (EE) after the fall of the Iron Curtain in 1989.Austrian oil and […]
A top banker has been accused of “showing personal characteristics of greed and arrogance” after he branded Austrias political elite as “too stupid and cowardly.”Erste Group Bank AG (Erste Bank) boss Andreas Treichl incited an intense discussion about the decision-making of Social Democrats (SPÖ) and the Peoples Party (ÖVP) when he claimed at a business […]
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 […]
A bank in Carinthia has vowed to compensate its clients after conmen withdrew thousands of Euros from their accounts.Kärntner Sparkasse said today (Weds) police are examining the incident. The firm explained that fraudsters apparently managed to get account information of clients after a small camera was set up at a cashpoint in Klagenfurt.Large amounts of […]
Semperit share value drives upwards
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Semperit AG Holding (Semperit) shares soared in value today (Tues).As of 2pm, one stock in the rubber and synthetics industry company was traded at 40.81 Euros, up by 1.56 per cent. Semperit is based in Vienna and part of the German Continental AG group, a leading producer of tyres.Vienna-based fireproof products maker RHI AG also […]
Erste Bank eyes 2011 state aid repayment
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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 […]
BCR board ‘irresponsible’, say unionists
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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 […]
A Romanian shopping centre into which Austrian Sparkassen Immobilien poured 200 million Euros has made it into the Guinness Book of World Records for the largest indoor Christmas light display.Guinness World Records officials acknowledged the bid as a new world best after visiting the installation which features 449,658 lights at the Sun Plaza mall in […]
A Northern Irish property firm is set to build a new shopping centre an hours drive from Austria after getting a multi-million Euro loan from Erste Banks 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 Italys Intesa Sanpaolo […]