Latest News

CESEE Outlook: Modest Recovery - EU is Obstacle to Growth – BREXIT Poses Uncertainties

According to the latest prognosis of the Vienna Institute for International Economic Studies, the countries of Central, East and Southeast Europe (CESEE) will have a trend growth rate of up to 3% in the period of 2016-2018. This is 1-1½ percentage points higher than average growth in the eurozone. Consumption will be the main growth driver. The Austrian economy is still benefiting from its economic ties with the region. Direct effects of BREXIT on the region will be limited – indirect effects for the European economy as a whole may be considerable.

Yesterday

Erste Group Modernises Former Headquarter in Vienna

Erste Group has only recently relocated to a new head office close to Wiener Hauptbahnhof, the main train station in Vienna. The former headquarter will be modernized in the meantime. The complex is to be overhauled and the local bank branch will be maintained, Erste Group announced.

Yesterday

Brexit Consequences Could Become More Pronounced in 2017

Negative consequences of a potential exit of the UK from the EU on the Austrian industry could become more clearly apparent in 2017, Bank Austria economists predict.

Yesterday

International Cuisine and Music Film Festival at City Hall Square

From 14 July to 4 September, Vienna’s City Hall Square is a vibrant meeting place for night owls who enjoy combining culture with food. Delicious dishes and music films from opera to pop guarantee great summer evenings.

Yesterday

Bank Austria's Ex-Manager Randa Reportedly a Candidate for Sberbank Europe CEO Post

Gerhard Randa, who was Bank Austria CEO in 1995-2003, is a candidate for the post of the CEO of Sberbank Europe, the bank's spokesperson told the online edition of the daily Presse. The final decision will be made by the end of the week.

Yesterday

Vienna-Istanbul Flights Cancelled after Attacks

Wednesday flights between Vienna and Istanbul were cancelled following the attack at the airport of Turkey's capital, the Vienna airport spokesman Peter Kleemann said. It remains to be seen whether further flights after the two morning ones will be cancelled, he added.

Yesterday

AGRANA plans strategic partnership with the shareholdersof Serbian company Sunoko via majority participation

In order to implement a strategic partnership with the shareholders of Serbian company Sunoko d.o.o., AGRANA Beteiligungs-AG has signed a term sheet with regard to achieving agreement about majority participation.

Yesterday

Heta Sells Balkan Real Estate Subsidiary to Lone Star PE

Hypo bad bank Heta sold its Balkan real estate unit Centrice Real Estate to US private equity firm Lone Star, the company said in a statement on Tuesday. The price was not revealed.

June 28, 2016

Summer in the City: Vienna Open-Air Cinemas

Every summer in Vienna, numerous open-air cinemas show films on a wide range of topics. Admission is free of charge at the Musical Film Festival at City Hall, the “Cinema under the Stars” on Karlsplatz and at the wandering "Volxkino". Original versions with English or German subtitles can often be seen.

June 28, 2016