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Austria and Germany Business and Diplomatic Relations

Hypo Alpe Adria - shareholders' meeting approves capital increase

€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).

June 21, 2010

AE&E scores a contract over EUR 20 million

The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.

June 11, 2010

Schieder wants ban on short selling

The Financial Secretary sees Germany as role model.

June 4, 2010

Hypo-Alpe-Adria - Carinthia and Bayern to co-operate

For the first time in the history of judicial prosecution, Munich and Klagenfurt agreed to a formation of a "joint investigation team ", in the case of Hypo-Alpe-Adria-scandal.

May 28, 2010

Transaction tax - SPÖ plans a referendum

The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.

May 18, 2010