Bank Austria (BA) chief Willibald Cernko has revealed interest in Hypo Group Alpe Adria (HGAA).The banker said today (Weds) BA was interested in acquiring HGAAs Austrian business. He explained: “We are talking about 60,000 customers here. It would be highly ignorant not to consider this.”Cernko stressed there were “many requirements” before a possible takeover. The […]
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 […]
A former Croatian politician and army general serving a jail term for abuse of office has managed to sell one of his high-profile properties in Vienna, it has been reported.Austrian weekly magazine profil has reported today (Mon) that a real estate agent employed by ex-Croatian Deputy Defence Minister Vladimir Zagorec has sold a villa in […]
Austrian Social Democratic (SPÖ) Chancellor Werner Faymann has met with Croatian Democratic Union (HDZ) Prime Minister Jadranka Kosor just three days after her predecessor was arrested in Austria.A spokesman for Kosor claimed that today’s (Mon) meeting was agreed upon “a long time ago”, and dismissed it had anything to do with the arrest of ex-HDZ […]
Former Hypo Group Alpe Adria (HGAA) chief Wolfgang Kulterer is considering asking for compensation over his three-month custody.The bankers lawyer Ferdinand Lanker said today (Mon) he may ask for financial compensation for his client since he doubted the righteousness of his custody.Kulterer was arrested and put in custody in Klagenfurt in August before being released […]
Former Hypo Group Alpe Adria (HGAA) head Wolfgang Kulterer has been released from custody after three months.The banker, who is accused of being responsible for massive losses suffered by the bank in Croatia and other countries in southern Europe, left Klagenfurt prison yesterday (Thurs) after a bail of 500,000 Euros was transferred to juridical authorities.Kulterers […]
Journalist representatives are outraged over an investigation by German prosecutors into Austrian reporters for citing from interrogation records.Munich juridical authorities decided to question profil writers Ulla Schmid and Michael Nikbakhsh Kurt Kuch from weekly magazine News after they revealed statements made by former Hypo Group Alpe Adria (HGAA) decision-makers.German state prosecutors controversially regard the Austrian […]
A Greek businessman is offering more than one billion Euros for ailing Hypo Group Alpe Adria (HGAA), it has emerged.Gernot Pointner, a spokesman for Vasileios Xeniadis, announced today (Fri) the investor was ready to cough up 1.35 billion Euros “immediately” if the Austrian government met him for talks.HGAA had to be nationalised last year following […]
Former Croatian Democratic Union (HDZ) Prime Minister Ivo Sanader has founded a company in Austria, it has emerged.The controversial ex-politician who surprisingly stepped down as prime minister last year holds a 95 per cent stake in Prima Consulting GmbH, according to Tyrolean newspapers.Reports have it that Sanader teamed up with Austrian businessman Wolfgang […]
Former Hypo Group Alpe Adria (HGAA) boss Wolfgang Kulterer has had his custody extended.Klagenfurt prosecutors announced today (Mon) they decided to extend the bankers detention over fears he might flee and try to cover up potential crimes previously carried out by him in connection with the near collapse of HGAA.Kulturer was arrested on 13 August. […]