Erste Bank doubles supervisory board wages

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Finance

Decision-makers at Austria’s 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 institute’s supervisory board will receive 700,000 Euros for its achievements last year, up from half the amount in 2009 when the […]

Business elite’s salaries back at pre-crisis level

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Business

Top-level managers of Austria’s leading companies raked in a fifth more last year than in so-called crisis year 2009.Reports from today (Tues) have it that members of the executive boards of the 20 Austrian firms quoted on the Vienna Stock Exchange (WBAG) earned around 20 per cent more in 2010 than the year before when […]

HTI on road to recovery as WBAG switch nears

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Business

Internationally operating technology group HTI High Tech Industries AG (HTI) managed to reduce its losses as the firm gets ready to enter the Vienna Stock Exchange’s (WBAG) Prime Market.The Linz-based company is currently quoted on the WBAG’s Mid Market. Its stocks will be traded on the Prime Market of the WBAG on 1 May. One […]

Betbull losses in decline

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Business

Sports betting provider Betbull has managed to reduce its losses.The company, which is based in Malta and listed on the Vienna Stock Exchange (WBAG), said today (Weds) it lost 1.9 million Euros in the first three quarters of this year after a loss of three million Euros during the same time span of 2009.Betbull, which […]

HTI earnings recovered in first nine months

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Business

Technology firm High Tech Industries AG (HTI) is back in the black.The company headed by Peter Glatzmeier said today (Thurs) its earnings before interest and taxes (Ebit) were 3.3 million Euros in the first three quarters of this year. HTI suffered losses of 21.4 million Euros in the same period of 2009.Its earnings before interest, […]

Banca Transilvania to list on WBAG

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Finance

Romanian bank Banca Transilvania (BT) is going to list on the Vienna Stock Exchange (WBAG) after shareholders’ approval of the move.BT, listed on the Bucharest exchange since 1997, said today (Fri) the decision to list on the WBAG would make the company “more visible and more attractive to foreign investors.”Horia Ciorcila was re-elected president of […]

Banca Transilvania eyes WBAG move

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Finance

Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.The news platform reports today (Fri) that the possible move will be discussed at a shareholders’ meeting on 28 April.The institute has been traded on the Bucharest Stock Exchange since 1997.The European Bank for Reconstruction […]