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Austria News

Profits dip at Austrian banking giant RBI

Vienna - Austrian banking group Raiffeisen Bank International, which has a major presence in central and eastern Europe, said Thursday that net profit fell 20 percent in 2013 to 603 million euros ($831.2 million).The drop was due to higher provisioning for bad ...
In the Media by AFP

Austrian offers up 7,000 artworks to save DIY chain

Vienna - An Austrian businessman offered Monday to sell his renowned 7,000-work contemporary art collection to the state for 86 million euros ($118.5 million) to save his stricken international home improvement chain."My wife and I are ready to hand over the en...
In the Media by AFP

Ukraine oligarch freed on record 125-mn-euro bail in Austria

Vienna - Ukrainian oligarch Dmytro Firtash has been released from prison in Austria after paying a record 125 million euros ($172 million) in bail and promising not to leave the country, authorities said Friday."The bail was credited to the bank account of Vien...
In the Media by AFP

Fake Prince Harry cons Austrian floor layer

Vienna - A Facebook user posing as Britain's Prince Harry conned an Austrian floor layer out of nearly 30,000 euros after pretending to hire him for renovation work at Buckingham Palace, police said Saturday.The fake prince offered the workman a million-euro co...
In the Media by AFP

Austria prepares to extradite Ukraine oligarch to U.S.

Vienna - Austrian authorities said Friday that Ukrainian oligarch Dmytro Firtash has been placed in "extradition custody", the first step towards a possible extradition to the United States.Vienna district criminal court said that Firtash, a backer of ousted pr...
In the Media by AFP

Kardashian confronts tradition at elite Vienna ball

At 24, Olga Goreglyad is a veteran of society balls around Europe but her ambition will not be fulfilled until she dances on Thursday night as a debutante at Vienna's Opera Ball - something celebrity ...
In the Media by Georgina Prodhan (Reuters)

Austrian cross country skier Duerr tests positive for EPO

Austrian cross-country skier Johannes Duerr has apologized for the stupidity that saw him kicked out of the Sochi Winter Olympics after testing positive for performance-boosting EPO.
In the Media by Karolos Grohmann (Reuters)

Dujmovits, Karl eye break after breaking Austria's duck

Julia Dujmovits wants to party for a month and Benjamin Karl is hoping for a holiday in Egypt after they broke Austria's Extreme Park medal drought at the Sochi Olympics on Saturday.
In the Media by Nick Mulvenney (Reuters)

Austria should stand by Hypo creditors: Nowotny

Austria should not demand creditors of struggling state bank Hypo Alpe Adria <HAABI.UL> take a "haircut" on the debt, central bank head Ewald Nowotny said, contradicting the country's finance mi...
In the Media by Georgina Prodhan (Reuters)

Austria's Hypo at a crossroads

The fate of Austria's nationalized lender Hypo Alpe Adria could be a harsh reality check for banks and investors across Europe.
In the Media by Michael Shields and Andreas Kröner (Reuters)
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