VIENNA, Dec 12 (Reuters) – An Austrian count accused of
covertly helping Britain’s biggest arms group win business in
central and eastern Europe insisted on Wednesday he served only
as a well-connected adviser who had nothing to do with bribes.
As his money laundering and perjury trial got under way in
Vienna, Alfons Mensdorff-Pouilly entered not guilty pleas on all
counts and painted himself as a man whose acumen and family ties
propelled him from struggling poultry farmer to prosperity.
VIENNA, Nov 29 (Reuters) – Austria ordered a fresh review of
business deals linked to its $2 billion order of Eurofighter
jets in 2003, aiming to settle allegations they might have been
used to help cloak bribes paid to win the contract.
German prosecutors have alleged aerospace group EADS
paid at least 50 million euros ($63.5 million) in
bribes to Austrian officials to secure the sale of 15
VIENNA, Nov 28 (Reuters) – Raiffeisen Bank International
said it expected bad loans to keep rising into next
year given tense conditions in its emerging European markets,
knocking its shares after a mixed bag of quarterly results.
The Austrian bank, which vies with Erste Group to
be central and eastern Europe’s second-biggest bank after
UniCredit, sees a slight increase in non-performing
loans “in the next months” as the economic downturn lingers.
VIENNA (Reuters) – A dealer in rare Stradivarius violins coveted by the world’s top violinists was sentenced on Friday to six years in prison for embezzlement after his glittering global empire crumbled.
Dietmar Machold, 63, built his Bremen-based family business into a juggernaut with branches in Zurich, Vienna, New York and Chicago to serve elite musicians and collectors of the instruments that can command prices of several million dollars.
VIENNA, Nov 7 (Reuters) – Austrian energy group OMV
said underlying quarterly profit rose a third after
Libya and Yemen helped boost production and refining margins
OMV also said on Wednesday it would take time to restore
full output in Libya – now around 90 percent of levels before
the civil war that toppled Muammar Gaddafi, adding refining
margins would have to fall given overcapacity in the market.
VIENNA, Nov 2 (Reuters) – Nationalised Austrian bank Hypo
Alpe Adria is readying a roughly 1 billion euro state-backed
hybrid bond combined with up to 500 million euros ($647 million)
in fresh state capital to shore up its balance sheet, sources
close to the situation said.
Austrian regulators have given Hypo until the end
of this year to come up with 1.5 billion euros in extra capital
as a buffer against recession and jittery markets, giving it a
capital ratio of 12 percent of adjusted assets.
VIENNA, Oct 30 (Reuters) – Erste Group Bank
expects 2013 profit to rise as emerging European economies pick
up, provisions for bad loans stay in check and revenues expand,
the Austrian lender said on Tuesday.
Erste, which vies with Raiffeisen Bank International (RBI)
to be central and eastern Europe’s No.2 lender after
UniCredit, also plans to resume paying a dividend on
2012 results, Chief Executive Andreas Treichl said.
VIENNA/AUSTIN, Texas (Reuters) – International election monitors took a dim view on Wednesday of Texas’ threat to prosecute them if they observe voting in the state a bit too closely on November 6.
The exchange pitted the Vienna-based human rights watchdog Organization for Security and Cooperation in Europe against Texas Attorney General Greg Abbott, who warned the OSCE not to interfere with polling in state elections.
VIENNA, Oct 18 (Reuters) – Senior Austrian bankers accused
the Hungarian government of treachery by abandoning a pledge to
halve a controversial bank levy next year.
But they said they had no plans to quit their eastern
neighbour despite the latest run-in with Prime Minister Viktor
Orban and his unorthodox fiscal policies.
VIENNA, Oct 16 (Reuters) – Austria will run bigger public
deficits than hoped this year and in 2013 as the economy
performs less well than expected and aid for its struggling
banks eats into state finances, the finance ministry said.
The draft 2013 budget projects a deficit of 2.3 percent of
gross domestic product, wider than the previous target of 2.1
percent but still well below the euro zone average, Finance
Minister Maria Fekter said, adding the country expected to be
able to continue financing itself at rock-bottom rates.