Latest News

Schelhammer Not to Sell Casinos Stake After All

Former church bank Schelhammer & Schattera no longer wants to sell of its stake in Casinos Austria, it follows from a statement of managing board member Gerd Stöcklmair made to daily Krone. He noted the bank was observing the market, but had not plans for change in 2016. The bank holds directly and indirectly 9.86 percent of Casinos Austria.

May 4, 2016

Erste Group Set to Sign Hungarian Deal by Mid-June

Listed bank Erste Group wants to sign the deal on the planned acquisition of a stake in its Hungarian unit by the state of Hungary by June 14, CEO Andreas Treichl told a teleconference on Wednesday as reported by Reuters news agency.

May 4, 2016

UniCredit Bank Austria sold plot for Viennese DC Tower 2

The owner of Viennese property developer Wiener Entwicklungsgesellschaft für den Donauraum GmbH (WED), UniCredit Bank Austria, has sold the plot for Donau City Tower 2 skyscraper. The buyer is one of the biggest real estate funds of Germany HausInvest of Commerz Real. The price of the deal and details have not been disclosed.

May 4, 2016

EU Court Rules in Favour of Austria in Power Plant Dispute

Environmentalists were faced with an unfavorable ruling by the Court of Justice of the EU (CJEU) on Wednesday: the court dismissed a lawsuit filed against Austria in a dispute concerning the construction of a power plant at the river Schwarze Sulm in Styria.

May 4, 2016

EU Okays Extension of Border Control Reinstatement

The European Commission has allowed Austria, Germany, Denmark, Sweden and Norway to continue border controls within the Schengen zone for another six months. However, the recommendation issued on Wednesday stipulates explicitly that the border controls at the Brenner tunnel are not part of that deal.

May 4, 2016

OMV About to Relaunch Activities in Iran, NIOC Agreement Ready

After the suspension of sanctions imposed on Iran by the West, Austria’s oil and gas group OMV is busy with the relaunch of activities in that country which the Austrians find particularly promising. OMV signed a Memorandum of Understanding (MoU) with its Iranian peer NIOC in Teheran.

May 4, 2016

RHI AG / Publication of a resolution adopted at the Annual General Meeting dated May 4, 2016 regarding the authorization to purchase no-par bearershares of the Company

At the 37th Annual General Meeting of RHI AG held on May 4, 2016 the following resolution was adopted.

May 4, 2016

Erste Group Surprises with EUR 274.7 Mln Net Profit in Q1

Blue-chip bank Erste Group posted EUR 274.8 million (USD 315.4 million) in Q1 net profit, up by 22 percent y/y and above market expectations for a slight annual decline, the company said in a report.

May 4, 2016