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Austrian Politics Headlines and Analysis

BIG Federal Property Managing Company's Sales Increased Slightly

Rental income and sales proceeds of federal property managing company Bundesimmobiliengesellschaft (BIG) jumped up in H1 2016 y/y. The market value of real estates climbed to over EUR 11.2 billion (USD 12.5 billion), compared to EUR 11 billion at the end of 2015, and BIG saw the rentable floor space remain at 7 million square meters.

August 31, 2016

Goals of Austria's OSCE Chairmanship 2017

Germany will chair the OSCE until the end of December and will then hand over to Austria in 2017. Austria will promote greater security and stability as well as the preservation of common values within the OSCE region.

August 31, 2016

RZB at Higher Risk of Regulatory Intervention

In view of the devaluation of RZB stakes in H1 balance sheets of owner banks RLB OÖ and RLB Steiermark, and of the justifications for that devaluation, Bloomberg reckons there is a higher risk of a regulatory intervention at Raiffeisen Zentralbank.

August 31, 2016

Austrian Hospitality Group Launches Joint-Venture with Iran

Austrian hospitality group DoN will provide catering for Iran's rail customers under a joint venture DoNA launched with a private Iranian entrepreneur Mohammad Khalaffi, Don's spokesman told APA.

August 22, 2016

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 2016

America Movil Reduced Stake in Telekom Austria

America Movil has reduced its stake in Telekom Austria from 59.7 percent to 51.89 percent. The Mexicans have thus complied with provisions of the syndicate agreement with ÖBIB, in line with which America Movil had to raise the free-float share stake.

July 29, 2016

Grasser Appeals Against Corruption Charges

Former Finance Minister Karl-Heinz Grasser (FPÖ/ÖVP) is defending against charges of corruption with regard to the privatization of federal housing facilities and the Linz-based Terminal Tower. Grasser’s lawyer Manfred Ainedter announced that he would appeal against the charges laid down by the prosecution.

July 29, 2016

Terminal Tower Fraud and Corruption Lawsuit

News magazine "profil" has published the names of 166 witnesses in a huge lawsuit concerning a privatization project and the Linz-based Terminal Tower. The witnesses include former finance minister and industrialist Hannes Androsch, current Sberbank banker Gerhard Randa and former supervisory board member of Immofinance Guido Schmidt-Chiari, as well as banker Julius Meinl.

July 25, 2016

Social Progress Index: Austria Ranked 13th

Austria has been ranked 13th by NGO Social Progress Imperative, in its Social Progress Index ranking. It precedes Japan and Germany and scored many points thanks to renewable energy projects. However, the state reveals shortages with respect to education, tolerance and equal opportunities. Nordic states, such as Finland, Canada and Denmark lead the index.

July 25, 2016

What Role Should the OSCE Play in the Refugee Issue?

Possible roles for the OSCE in the context of the migration and refugee flows across the OSCE area were discussed at a special meeting of the Permanent Council in Vienna. The OSCE Permanent Council is one of the main regular decision-making bodies of the Organization bringing together representatives of all 57 OSCE participating States and the 11 Partners for Co-operation.

July 21, 2016