Latest News

Cerberus and Bank Austria Held Further Talks Concerning Branch Network

UniCredit, parent of Bank Austria, and Cerberus fund, the US shareholder of BAWAG Bank, reportedly held talks concerning the branch network of Bank Austria, the daily Standard wrote citing BAWAG sources.

Yesterday

Bank Austria Supervisory Board Approves Zadrazil as Future CEO

Bank Austria supervisory board approved the appointment of Robert Zadrazil as the bank's new CEO in Friday's sitting. Zadrazil will replace incumbent Willibald Cernko as of March 1 as the head of UniCredit's Austrian unit and take over responsibilities also of retail and corporate banking head Helmut Bernkopf. Bernkopf will step down as a result of an "amicable” settlement with the end of March.

Yesterday

Heta Creditors Stick Together

The creditors of Heta, the bad bank left after the winding down of Hypo Alpe Adria bank, who demand the repayment of the full amount they are owed for Heta bonds, stick together, Kurier daily writes. Their agreement on how to proceed has been extended until summer, although initially it was supposed to expire by 6 March.

Yesterday

Erste Group Moving to New Headquarters at Vienna Central Station

By March employees of Erste Group will have moved into the new head office of the company in Vienna, as Erste Holding and Erste Bank are relocating from various locations to one Erste Campus near Vienna Main Train Station. Most of the real estates of the bank have been already sold, but the bank keeps its former head quarter at Am Graben and the IT office.

Yesterday

Private Investor Puts EUR 2 Million in Animal Tracking System Tractive

Upper Austrian start up for animal tracking system Tractive has found an investor. Frenchman Harold Primat living in Switzerland is going to invest EUR 2 million (USD 2 million) in the company, Trend economic magazine reports.

Yesterday

Eybl Takeover Drags Sports Direct Down, Firm is in Red for 2014/15

The takeover of Austrian sports gear retailer Eybl/Sports Experts by British discount shop Sports Direct has turned into a financial disaster. Sportsdirect.com Austria GmbH posted a loss of over EUR 45 million (USD 50 million) for FY 2014/15, with the revenue shrinking to EUR 188.7 million, WirtschaftsBlatt reports.

Yesterday

Styrian Siemens Arm to Work on Irish Project

The technology group Siemens has secured two deals for onshore wind power plants in Ireland. The transformers for the wind park Sliabh Bawn will be developed and build by the Styrian Siemens factory in Weiz. A total of 20 transformers of 3.4 MVA will be delivered to Ireland in 2016. The beginning of construction is scheduled for the beginning of 2017.

Yesterday

Palfinger AG / Publication pursuant to secs. 4 and 5 of the AustrianPublication Regulation of 2002

PALFINGER AG's current holdings of treasury stock amount to 282,756 shares. The stock option programmes decided upon at the Annual General Meetings in 2009 and 2010 have expired; in the past it was not possible to use treasury stock for acquisitions. Therefore, the Management Board has decided to sell the Company's treasury stock on the stock exchange via an independent banking partner.

Yesterday

Austria Ranked Seventh in OECD Rating of Spending on Research

Austria spends about three percent of its GDP on research, which makes Austria seventh among the 34 countries the OECD took into account in its rating, including Argentina, China, Taiwan, Romania, Russia, Singapore and South Africa. The ranking was led by South Korea (4.29 percent) and Israel (4.11 percent).

Yesterday

Number of Job Openings Rose by 6.7 Pct on 2015

Austria saw the number of available jobs rise by 6.7 percent to about 66.6k in 2015, the first growth in a number of years, show the data of stats office Statistik Austria.

Yesterday