VIENNA, Nov 18 (Reuters) – Raiffeisen Bank
International AG (RBI) has managed to make a profit in
the third quarter despite high writedowns in Hungary, its
unlisted parent RZB said on Friday.
Raiffeisen Zentralbank (RZB) also estimated the Raiffeisen
group would need an extra 600 million euros ($810.8 million) in
capital by mid-2012 to meet regulatory targets.
VIENNA, Nov 15 (Reuters) – Austria will try to balance
its budget faster than first planned and use a constitutional
debt brake to get a firmer grip on public finances and protect
its triple-A rating, officials said on Tuesday.
The steps come amid mounting market pressure on euro zone
members to reduce debt and some market talk that Austria — one
of only six top-rated sovereigns using the euro currency –
could drop out of the club.
The leader of Austria’s Roman Catholic Church has faced down calls for radical change from priests and lay people, saying dialogue was useful but calls for disobedience should be challenged. “We are in talks and will remain in talks because I and the bishops are still convinced that a lot can and must be cleared up by dialogue,” Vienna Cardinal Christoph Schönborn said on Friday after a four-day meeting of bishops.
VIENNA (Reuters) – Very low levels of radioactive iodine-131 have been detected in the Czech Republic and elsewhere in Europe but the particles are not believed to pose a public health risk, the U.N. nuclear agency said on Friday.
The International Atomic Energy Agency, the Vienna-based U.N. watchdog, said it was seeking to determine the source but that it was not believed to come from Japan’s stricken Fukushima plant after its nuclear emergency in March.
Dissident Austrian Catholics announced lay people will start celebrating Mass when a priest is unavailable, a clear call to disobedience just as the country’s bishops hold their autumn conference.
VIENNA, Oct 28 (Reuters) – Erste Bank ruled out
taking more state aid from Austria as emerging Europe’s
second-biggest lender tries to fill an estimated capital
shortfall of nearly 750 million euros ($1.06 billion) by
A first tranche of non-voting state capital the bank got in
2009 was on “very friendly” terms, Chief Executive Andreas
Treichl told a conference call on Friday after the bank released
a well-flagged quarterly loss of 1.49 billion euros.
MOSCOW/VIENNA, Oct 21 (Reuters) – Vimpelcom is not
interested in buying a stake in Telekom Austria , a
source said on Friday, after a report that an investor group
planned to sell shares to the Russian telecoms group.
Austrian magazine Format reported, without citing sources,
that an investor group led by businessman Ronny Pecik planned to
sell a stake it was building in Telekom Austria to Vimpelcom and
its ally Turkcell .
BUDAPEST/VIENNA, Oct 21 (Reuters) – While euro zone leaders
plan to use taxpayers’ money to shore up their banks, Hungary’s
prime minister is in a “fight” against the nation’s lenders and
is piling pressure on them as he tries to jump-start consumer
And, for the banks at least, it may be about to get worse.
Viktor Orban has already slapped them with an extraordinary
tariff to offset personal income tax cuts and launched a
campaign to cut a huge level of foreign currency debt that is
expected to cause big losses for financial institutions.
VIENNA, Oct 19 (Reuters) – Austria’s 2012 budget deficit is
set to narrow more than expected to 3.2 percent of gross
domestic product (GDP) despite a sharp economic slowdown,
undergirding the country’s AAA debt rating, Finance Minister
Maria Fekter said.
Higher revenue from sales, income and corporate taxes is set
to counter increased spending on key areas such as education,
research and energy conservation as well as higher debt
servicing costs, she told parliament on Wednesday.
VIENNA, Oct 13 (Reuters) – Oesterreichische Volksbanken AG , the Austrian bank that failed this year’s European
stress test, will post a 2011 loss and reorganise to shore up
its balance sheet, the country’s fourth-biggest lender said on
Vienna-based Volksbanken announced after a supervisory
board meeting that it aims to form a mutual liability
association with its main regional bank shareholders, as
financial sources had earlier told Reuters.