Austria

Business, finance, investment and politics in Austria
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Slovenia: List of Debtors of NLB Published

The Slovenian bad bank BAMC (Bank Asset Management Company) has published the list of debtors of the country’s two largest banks, which are responsible for the disaster of the state-controlled banks.

2 hours ago

Struggling Insurance Industry

Despite favorable results last year the European insurance market has to face a number of adverse factors.

5 hours ago

Austria: Bawag to Go Public?

Bawag PSK is likely to go public, as reported by Bloomberg.

8 hours ago

Austria: Calls for Reduction of Bureaucracy Become Louder

Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.

9 hours ago

Austrians Cautiously Observant

Despite economic recovery the Austrian citizens are still cautiously observant.

Yesterday

Austria: Hypo Commission Costs Less than Anticipated

Irmgard Griss, head of the investigation commission appointed by the Finance Ministry with regard to Hypo Group Alpe Adria’s nationalization, announced wanting to leave the decision about the costs with the government.

Yesterday

Business in Ukraine Becomes More Riskful

Insurance companies warn export companies that wanting to arrange for insurance of defaults in payment obligations or political unrest right now is coming too late.

Yesterday

UniCredit: Common Bad Bank with Intesa Sanpaolo?

The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.

Yesterday

Austrian Banking Sector: Less Banks, More Employees

Since 2000, the number of employees was up by 2,600 in the Austrian banking industry. In the same period, 165 bank shops were closed. Nevertheless, Austria is still over-banked.

Yesterday

Poland: Economic Upswing Endangered by Conflict in Ukraine

In general, Poland´s economic growth accelerates. However, the recent developments in Poland´s neighbor country are a substantial risk factor.

April 18, 2014