Tag: austria

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Erste Group posts record profit in Q3 despite modest income

November 4, 2016, 4:11 pm
Regardless of the fact that Erste Group’s loan portfolio has been expanding for two years, now, the banking group is forced to make it on ever smaller revenue due to the low interest rate environment.... 

Erste expects net profit of about EUR 560 m for Q2

July 15, 2016, 1:32 pm
The after-tax profit Austria’s Erste Group has posted in the second quarter of 2016 may be the highest ever but certainly the highest since early 2010, according to Portfolio data. According to the... 

Hungary Mol may buy pumps in Austria too

May 17, 2016, 3:12 pm
Although Hungarian oil and gas group Mol exited the Austrian market last year, it does not exclude the possibility of buying and operating petrol stations there, Austrian daily newspaper WirtschaftsBlatt... 

Austria may build fence on border with Hungary

March 21, 2016, 4:56 pm
Austria’s Interior Minister plans to build a fence on the country’s border with Hungary in a bid to stem the flow of migrants by human smugglers, daily newspaper Kurier reported on Monday.... 

Hungary aims to catch up with Austria - c.bank chief

February 23, 2016, 1:43 pm
In the following years, Hungary needs to pursue economic policy that is aimed at boosting competitiveness, because the next 25 years will be about convergence, said György Matolcsy, Governor of the National... 

Chancellor Faymann seeks to restrict foreign employment in Austria

February 15, 2016, 8:27 am
Austria’s Chancellor plans to restrict the number of foreign employees delegated to Austria by their parent company and would set a time limit to their employment in the country, daily newspaper... 

Hungary Orbán wants "breakthrough" next year

January 22, 2016, 9:32 am
Hungary’s Prime Minister Viktor Orbán said it was a victory for common sense that Austria announced to put a limit to the number of people allowed to claim asylum this year. The PM also told public... 

Restriction of free movement of people in EU can hurt Hungary too

September 14, 2015, 2:16 pm
The management of the migrant crisis engulfing Europe demands a series of extraordinary measures by European countries, such as the temporary re-imposing of border controls which is allowed under the Schengen... 

Austria temporarily halts crossing at Hungarian border

September 14, 2015, 10:31 am
Austria’s border with Hungary has been closed temporarily in both directions on the M1 motorway at Hegyeshalom, and Austrian police were turning back drivers from their side of the border, Hungarian... 

Austria should also re-instate border controls - Foreign Minister

September 14, 2015, 10:03 am
Austria should follow in Germany’s footsteps and re-instate border control in order to avoid the current refugee crisis to lead to “terrible consequences", the country’s Foreign Minister... 

Germany re-imposes border controls to break migrant inflow

September 14, 2015, 8:56 am
Germany re-imposed border controls on Sunday after acknowledging that it could barely cope with thousands of asylum seekers arriving every single day. Interior Minister Thomas de Maiziere also announced... 

Hungarian-Austrian border crossing closed due to migrant flow on motorway

September 11, 2015, 9:11 am
Due to a massive flow of refugees the border crossing at Nickelsdorf (Miklóshalma) between Austria and Hungary has been closed in both directions on the A4 motorway early on Friday. Road closed Austria's... 

EU to invest over EUR 78 mn in the border region of Austria and Hungary

July 3, 2015, 1:51 pm
The European Commission adopted on Friday the new cross-border cooperation programme ("Interreg") between Austria and Hungary. The programme is worth more than EUR 78 million from EU Regional funds. With... 

Hungary, Slovakia lose carmaker deal as Jaguar Land Rover picks Graz to build future models

July 2, 2015, 3:48 pm
Jaguar Land Rover has agreed a manufacturing partnership with Magna Steyr, an operating unit of Magna International Inc, to build some future vehicles in Graz, Austria. Several Hungarian cities, including... 

Hungarian fuels group MOL records stellar profit at Austrian subsidiary

June 15, 2015, 3:12 pm
The Austrian subsidiary of Hungary’s oil and gas group MOL has reported a year-on-year decline in its 2014 revenues due to decreasing oil prices, but it still recorded profit last year. Mol Austria... 

Austria's Oberbank to expand further in Hungary

May 27, 2015, 12:12 pm
Austria’s Oberbank has reported profit growth for the fifth consecutive year for 2014. Its EUR 136.5 million profit is 11.5% larger than in 2013, the bank announced on Wednesday. Oberbank plans to... 

In quest for a better life: How many people left Hungary in 2014?

April 8, 2015, 7:02 pm
Whilst measuring emigration remains a complex task, data from public administration suggest that about 31,500 Hungarians left the country for a minimum duration of one year in 2014; in the estimate of... 

SPAR shops to remain open on OMV pumps around the clock despite legislation

March 19, 2015, 2:50 pm
Although Hungary’s government did everything it could think of to prevent stores operating on petrol stations from opening on Sundays, Austrian fuels group OMV has decided that even the latest law... 

SPAR willing to seek EU help protesting Hungary's supervision fee

March 18, 2015, 2:13 pm
Austrian food retail chain SPAR is willing to go take its case as far as Brussels it fails to come to terms with the Hungarian government on the supervision fee food retail chains are to pay that the company... 

Austrian Finance Minister rules out Hungary-style FX loan conversion

January 29, 2015, 3:10 pm
Austria will not adopt measures that help holders of foreign-currency loans absorb losses from the Swiss franc's surge against the euro, Finance Minister Hans Jörg Schelling said on Thursday. There... 
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