Hypo Group Alpe Adria (HGAA) managed a solid performance, according to its CEO. Gottwald Kranebitter said yesterday (Mon) the bank could have reached the black in 2011. Kranebitter stressed that final figures for the past year would not be released before March. He said the current course was increasing the chance to find a new […]
The Austrian economy will grow less strongly than initially expected, according to the Organisation for Economic Co-operation and Development (OECD). OECD research shows that Austria’s gross domestic product (GDP) will rise by 0.6 per cent from 2011 to 2012. Only in May, the organisation announced it expected the GDP to climb by 2.1 per cent. […]
Gazprom manager Alexander Medvedev has hit out at European politicians and competition watchdogs. Asked whether Eastern Europe (EE) must brace for another gas crisis this winter due to the conflict between his company and Ukraine, the Gazprom deputy chairman told Austrian newspaper Die Presse: “(The) energy (sector) has always been connected with politics, but not […]
Lithuanian Prime Minister Andrius Kubilius has claimed the leadership position of Germany and France “is not a bad development.” Kubilius told Austrian daily Die Presse today (Mon): “I don’t think it is a bad development that France and Germany take leading roles trying to solve this crisis. Solving crises needs new ideas and leadership. (…) […]
Rumours that Volksbank AG (ÖVAG) may be nationalised are increasing after the bank warned of immense losses. ÖVAG boss Gerald Wenzel said yesterday (Thurs) the finance institute could suffer a loss of 900 million Euros this year. He added that the losses may also be higher. ÖVAG received one billion Euros of so-called state participation […]
A right-wing member of the federal parliament (MP) has retired from politics after coming under fire for belittling a massacre. Fellow Freedom Party (FPÖ) members and left-wing competitors hit out at Werner Königshofer after he felt urged to emphasise that the “Islamic threat has struck Europe a thousand times more often” than self-styled Christian warriors […]
Neymar da Silva Santos Junior (Neymar) has revealed a national team colleague as his biggest idol. The striker told Red Bulletin magazine: “I still consider myself a fan now and then. Especially Robinho is my hero.” Robinho currently plays for AC Milan in Italy’s Serie A league. The ex-Real Madrid star, 27, and Neymar could […]
Chris Patten has called on Europeans to treat immigrants better. The former European Commissioner for External Relations said today (Tues): “Yes, we do have the highest quality of living in Europe. However, we ignore the need for reforms to sustain this standard.” Speaking to Austrian newspaper Die Presse, the ex-governor of Hong Kong criticised that […]
An analyst has warned of a “high” risk of a second Greek bankruptcy. The southern European country, which is part of the Eurozone and the European Union (EU) asked the EU, the International Monetary Fund (IMF) and the European Central Bank (ECB) for financial support for the first time last year to avoid state bankruptcy. […]
A satirical magazine has created a fake campaign train poster showing the wrecked car of a late politician. Jörg Haider spearheaded right-wing movements in Austria for decades before losing his life in a drunken car crash three years ago. Now Germany’s Titanic magazine published what it called a “Riddle for Nazis” on its homepage. The […]