Austrian woes and warnings over Hungarian bank tax plans

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Finance

Hungary is “playing with fire,” Raiffeisenzentralbank (RZB) boss Walter Rothensteiner has warned as the country plans to go ahead with introducing a bank tax.Hungarian Fidesz National Economy Minister György Matolcsy said after meeting with Austrian People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner today (Mon) his party would press on with setting up the controversial tax.The […]

XXXLutz ‘eyes Croatian properties’

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Business

Furniture megastore chain XXXLutz is considering taking over commercial sites in Croatia, according to local press.The Croatian Times reports today (Thurs) that the Upper Austrian firm with headquarters in Wels was one of possible buyers of estate in the cities of Zagreb, Rijeka, Osijek and Pula owned by broke firm Pevec.Darko Sketa, who handles the […]

Greek crisis will not immediately affect CEEs, Erste analyst says

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Finance

The Greek financial crisis will have no immediate impact on Central and Eastern European countries (CEEs), according to Erste Bank analysts.Erste chief analyst Fritz Mostböck said yesterday evening (Thurs) that the crisis might delay adoption of the Euro by CEEs, which had been expected to occur in 2015 or 2016.He noted Poland and Bulgaria had […]