European Technology, Media and Telecoms Correspondent
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Oct 7, 2013

Lucian Freud’s ghosts laid to rest with Vienna show

VIENNA (Reuters) – Lucian Freud did not live to see the first exhibition of his paintings in Vienna, the city his grandfather Sigmund fled in 1938, but he helped plan the retrospective that opens this week.

Freud, considered the greatest British painter of his generation, moved with his family from Berlin to London in 1933 to escape the rise of Nazism. Four of his great-aunts were killed in concentration camps during the Holocaust.

Oct 4, 2013

Right-wing coalition prospects fade in Austria

VIENNA (Reuters) – Prospects of a center-right government in Austria faded on Friday as both the conservative People’s Party and the far-right Freedom Party (FPO) moved away from a possible alliance with the new Euroskeptic party of industrialist Frank Stronach.

The 81-year-old billionaire Austro-Canadian car parts magnate tried to break the stranglehold of the Alpine EU nation’s two mainstream parties by creating a pro-business force advocating deregulation and a possible withdrawal from the euro.

Oct 1, 2013

Austrian telecoms auction bids seen near 2 bln euros

VIENNA, Oct 1 (Reuters) – Austria’s auction for
fourth-generation telecoms frequencies is into its fourth week
with bids already about four times the minimum price set by the
regulator, according to Reuters calculations.

Based on confidential information about the auction from a
source close to the process, conservative calculations show the
total bid volume close to 2 billion euros ($2.7 billion).

Sep 29, 2013

Austrian centrist coalition survives far-right gains

VIENNA (Reuters) – The partners in Austria’s pro-Europe, centrist coalition scraped a combined majority on Sunday despite recording their worst election results since World War Two and losing support to the far-right Freedom Party and a new liberal party.

Chancellor Werner Faymann’s Social Democrats (SPO) – who had campaigned on a platform of defending jobs and pensions and redistributing wealth – got 27.1 percent of the vote, down more than two points from 2008, preliminary results showed.

Sep 29, 2013

Austrian coalition set to survive far-right gains: projections

VIENNA (Reuters) – The partners in Austria’s pro-Europe, centrist coalition appear to have won enough votes to form a new government, staving off a strong challenge from the Euroskeptic right wing, initial projections indicated on Sunday.

Chancellor Werner Faymann’s Social Democrats (SPO) – who had campaigned on a platform of defending jobs and pensions and redistributing wealth – were poised to get 26.7 percent of the parliamentary vote, according to ARGE Wahlen projections reported by the Austria Press Agency.

Sep 29, 2013

Austrian ruling coalition faces far-right challenge in vote

VIENNA (Reuters) – Austrians voted in a parliamentary election on Sunday with a resurgent far right party challenging the political establishment and calling for an end to taxpayer-funded bailouts of struggling euro zone countries.

The governing Social Democrats (SPO) and their People’s Party (OVP) conservative partners were counting on their record in piloting the Alpine republic through the global financial crisis relatively unscathed to win another five-year term.

Sep 25, 2013

Right wing strong on Europe fears ahead of Austria poll

VIENNA (Reuters) – Austria’s far-right Freedom Party (FPO) appears likely to raise its share of the vote in Sunday elections, drawing on fears over bailouts for needier euro zone countries and the cost of supporting asylum seekers.

Social Democrat Chancellor Werner Faymann’s government coalition may well survive, but opinion poll trends suggest the FPO could overtake his conservative junior partner, the People’s Party. Austria’s overall prosperity at a time of hardship in Europe has done little to dampen historic unease at immigration.

Sep 19, 2013

Strache fights euro bailouts in Austrian vote

VIENNA (Reuters) – Austrian far-right leader Heinz-Christian Strache is determined to stop the Alpine republic from bailing out poorer euro zone nations, even if it costs him a place in the next government.

Strache said his Freedom Party (FPO), long led by the late Joerg Haider, will not join a coalition after a September 29 parliamentary election unless there is a referendum on Austria’s participation in the European Stability Mechanism, which provides rescue funds to backstop ailing euro zone members.

Sep 12, 2013

Austrian central bank denies report on Hypo capital

VIENNA, Sept 12 (Reuters) – Austria’s central bank denied a
report on Thursday that it believed nationalised bank Hypo Alpe
Adria could need as much as 17 billion euros ($23
billion) in fresh state aid.

Der Standard newspaper had reported the figure as a
worst-case scenario, saying this came from an internal central
bank (OeNB) report on the troubled lender, which has already
received more than 3 billion euros from the government.

Sep 6, 2013

Lonely activist investor pushes limits in Austria

VIENNA, Sept 6 (Reuters) – Alexander Proschofsky is happy to
be one of a kind but would sometimes welcome company from others
prepared to campaign against underperforming corporate
executives in Austria.

The 43-year-old founder of Cube Invest, best known for his
leadership of a 2007-08 shareholder revolt against Julius Meinl
over the management of his namesake bank, is a rare example of
an activist investor in a culture where consensus is the norm.

    • About Georgina

      "Currently based in London, with particular responsibility for professional publishers and the European activities of global technology, media and telecoms firms. Previously European technology correspondent based in Frankfurt. Began career in local radio in Glasgow and then worked in TV news for many years for Reuters, the BBC and Sky News in London and Moscow."
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