European Technology, Media and Telecoms Correspondent
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Aug 29, 2013

Central banks assuring markets with low rates guidance: ECB’s Nowotny

ALPBACH, Austria (Reuters) – Major central banks’ reassurances that interest rates will stay low for some time are giving markets “a certain security”, a European Central Bank policymaker said on Thursday.

Another European official, however, warned against complacency and said it was too soon to say the euro zone crisis was over.

Aug 20, 2013

Building suppliers’ moderate outlook hits shares

VIENNA/DUBLIN, Aug 20 (Reuters) – Two major European
building suppliers said on Tuesday they saw only gradual
stabilisation in Europe, disappointing markets that had expected
better news given recent positive economic data.

Wienerberger, the world’s largest brickmaker, said
construction activity in its major markets of France, Benelux
and eastern Europe was lagging the United States and Britain,
and Ireland’s CRH cut its full-year earnings outlook.

Aug 13, 2013

OMV profits fall on lower sales, crude price, dollar

VIENNA, Aug 13 (Reuters) – Surprisingly strong refining and
marketing results helped take the sting out of a
steeper-than-expected drop in second-quarter underlying profit
at Austrian oil and gas group OMV on Tuesday.

OMV said its results were hurt by lower sales volumes and
crude prices, a weak dollar and write-offs, mainly in the
exploration and production areas on which it is focusing.

Aug 12, 2013

Telekom Austria sidesteps questions on possible Slim bid

VIENNA, Aug 12 (Reuters) – Telekom Austria
sidestepped suggestions on Monday that major shareholder Carlos
Slim might try to take the company over after the Mexican tycoon
bid for the rest of its Dutch peer KPN.

Unveiling results showing competition remained cutthroat,
Chief Executive Hannes Ametsreiter declined comment on bid
speculation that pushed Telekom Austria’s share price sharply
higher on Friday.

Aug 7, 2013

Voestalpine more confident, bucks dismal steel trend

VIENNA (Reuters) – Austria’s Voestalpine (VOES.VI: Quote, Profile, Research, Stock Buzz) said it saw the first signs of stabilization at a low level in the steel market, lifting its confidence in its forecast for stable profit this year.

The specialized steel products maker continued to show resilience to the downturn that has afflicted the $500 billion steel industry, a gauge of broader economic health, as demand drops in Europe and Chinese growth momentum slows.

Aug 6, 2013

Greens eye breakthrough into Austrian government

VIENNA (Reuters) – Austria’s Green party is counting on its squeaky-clean image to propel it into the next government after a run of successes in provincial elections that few had predicted, its leader told Reuters on Tuesday.

The Greens hit home this year with an anti-corruption campaign that directly targeted the establishment parties and their corporate interest networks, a system that has dominated in Austria since World War Two.

Aug 2, 2013

It’s no ordinary dog’s life at Vienna’s Hotel Sacher

VIENNA (Reuters) – Many people believe the Austrian capital Vienna is friendlier to dogs than it is to children, and a new service from the city’s renowned Hotel Sacher seems to bear that out.

As of last week, hotel guests who cannot bear to leave their four-legged friends at home can book into rooms at the Sacher that have been newly kitted out especially for dogs, with baskets, doggy blankets, feeding bowls, muzzles and leads.

Aug 2, 2013

Mobile Austria challenges spectrum auction terms

VIENNA, Aug 2 (Reuters) – T-Mobile Austria has filed a
challenge to the terms of an auction due to be held in September
for frequencies that will enable operators to build
fourth-generation (4G) networks, its lawyer said.

The move may create uncertainty around the auction for the
4G Long-Term Evolution (LTE) networks, which aims to raise at
least 526 million euros ($698 million) and is necessary before
4G networks can be rolled out nationwide.

Jul 31, 2013

Power market upheaval sends Verbund into quarterly loss

VIENNA, July 31 (Reuters) – Austrian hydropower company
Verbund AG fell to a second-quarter operating loss on
large writedowns and said it could not rule out further
impairment charges due to upheaval in electricity markets.

Verbund made an operating loss of 323 million euros ($428
million) against a profit of 188 million a year earlier as it
struggled to compete with heavily subsidised renewable energy

Jul 30, 2013

Erste Bank says Hungarian ordeal may be over

VIENNA (Reuters) – Austria’s Erste Group Bank (ERST.VI: Quote, Profile, Research, Stock Buzz) said it hoped the worst was behind it in Hungary, where the government was taking a more conciliatory tone towards foreign banks to help its economy.

Banks in Hungary have taken a collective hit of 3.6 billion euros ($4.8 billion) since Viktor Orban’s government began an unpredictable programme of bank taxes and forced loan subsidies in 2010.

    • 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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