Austria

Business, finance, investment and politics in Austria
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Austria: RLB OÖ Still Threatening to Leave

According to managing director of Raiffeisenlandesbank Oberösterreich (RLB OÖ) Heinrich Schaller, the tax burden is too high in Austria. The bank is still threatening to leave for Germany if the bank levy will not be changed.

1 hour ago

Horrible Loss at Hypo Group Alpe Adria

The former Balkan lender shocks with new figures. The Austrian nationalized bank had to write off wide parts of its risky assets. Further losses are likely as well as further capital injections.

Yesterday

Bank Austria Ends Business on Crimea

One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.

Yesterday

Conwert to Leave Germany?

A consortium of investors is highly interested in the German subsidiary of the Austrian real estate group. The consortium is led by conwert´s former board director Johannes Meran.

Yesterday

Vienna Drops in “Global Cities Index”

Vienna drops three places. Regardless of the financial crisis the largest global financial centers in New York and London are still the cities with the biggest influence world-wide.

Yesterday

Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.

Yesterday

Austria: RLB OÖ Rows Bank on Threat to Leave

Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.

Yesterday

Erste Group Bank AG: Full Year 2013 Company Report has been Published by FriedlResearch

Published in April 2014, this report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecasts, plus a SWOT analysis.

April 15, 2014

Massive Dispute at Conwert

The Austrian real estate group faces troubles: representatives of small shareholders want to join the administrative council. Major shareholder Hans Peter Haselsteiner wants to dispatch his own representatives.

April 15, 2014

Vienna: Luxury Real Estate Segment Booms

In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.

April 15, 2014