The head of Austrias second-biggest bank has caused a stir by calling for the introduction of a tax on assets.Erste Bank boss Andreas Treichl told weekly magazine News today (Thurs): “A decent taxation on assets must be set up, of course, as well as (higher) real estate tax levels and inheritance tax.”Treichl also said tax […]
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 […]
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 Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner today (Mon) his party would press on with setting up the controversial tax.The […]
The Vienna criminal court has said it will not repay 100 million Euros paid out in bail last year for Julius Meinl V.The British businessman was freed after one and a half days in custody in Vienna after legal officials received the record 100-million-Euro bailout.Herbert Eichenseder, a member of the entrepreneurs team of legal advisors, […]
Volksbank AG (ÖVAG) reports good business figures for the first quarter of this year after suffering dramatic losses in 2009.ÖVAG chief Gerald Wenzel said today (Fri) earnings before interest and taxes (Ebit) soared to 21.6 million Euros after the bank had losses of 93.4 million Euros in the first three months of last year.He added […]
Banca Comerciala Romana (BCR) CEO Dominic Bruynseels has appealed to Romanian leaders to increase their efforts to fight black market activities.The former Barclays Bank official said yesterday (Weds) the mortgage sector was “still at risk” due to the current situation in the Eastern European country which has been badly hit by the economic crisis. He […]
Central and Eastern European (CEE) economies in trouble and expensive hazelnuts are hurting Viennese sweets producer Manner financially.The firm reported today (Weds) that its turnover declined by 6.7 per cent year on year to 35.8 million Euros in the first quarter of 2010. Turnover declined substantially in Slovenia, Hungary and Croatia and also fell in […]
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 […]
The chiefs of Austrias biggest banks ensured they would not reduce investments in financially struggling Greece.Raiffeisenzentralbank (RZB) boss Walter Rothensteiner said after a meeting with the heads of Austrias other four major banks and Peoples Party (ÖVP) Finance Minister: “We will not speculate against Greece, and we wont reduce our investments in the country.”Austrian banks […]
Austrian Peoples Party (ÖVP) Finance Minister Josef Pröll has said he is planning to get banks on board to help financially struggling Greece.Pröll said yesterday evening (Sun) he would speak with the heads of Austrias main banks about whether they could imagine getting involved in the international subsidisation plan for the financially struggling European Union […]