Erste Group Sold Over EUR 1.1 Billion Non-Performing Loans in 2014

In 2014 Erste Group got rid of major packages of non-performing loans. Over the year the bank sold EUR 1.1 billion (USD 1.25 billion) in non-performing loans (2013: EUR 0.7 billion). In the fourth-quarter alone EUR 575.2 million in non-performing loans were sold. The current volume amounts to EUR 10.9 billion.

February 27, 2015

AMAG Boosts Profit for 2014, Dividend to be Doubled

The listed Upper-Austrian aluminium producer AMAG raised its after-tax profit thanks to, above all, tax effects, by 6 percent to EUR 59.2 million. The dividend for shareholders is supposed to be doubled to EUR 1.20 per share the company announced.

February 27, 2015

T-Mobile Austria Doubled Operating Profit to EUR 64 Million

T-Mobile Austria has doubled its operating profit (EBIT) - adjusted by the costs of LTE frequency auction in 2013 - last year to EUR 64 million. Sales decreased by 1.6 percent to EUR 815 million. EBITDA increased by 9.9 percent to EUR 211 million (USD 240 million).

February 27, 2015

Analysis: Hungarian Deal with Russia Gives Hungary Enough Gas for 3-5 Years

Gas that Hungary can requisition from Russia under an agreement reached recently will be enough to last 3-5 years, Minister of Foreign Affairs and Trade Peter Szijjarto said on public television.

February 27, 2015

C.A.T. oil AG / New Management Board for C.A.T. oil AG

The newly established Supervisory Board of C.A.T. oil AG, headed by majority shareholder Maurice Dijols, has appointed with immediate effect the future Management Board of the oilfield service company. Three long-time industry experts with international experience take over the top executive level of the listed company with its headquarters in Vienna.

February 27, 2015

Austria Chocolate Market Grows to EUR 176 Million

Last year Austrians ate 21.2 million kilograms of chocolate. The whole market of slab chocolate increased by 3.5 percent to EUR 176 million (USD 200 million).

February 27, 2015