Finance, page 9

• Savings accounts most popular place to stash money last year
  Savings accounts were the investment vehicle of choice for Austrians last year, new research has shown.
• German GLS Bank to open Vienna office
  German GLS Bank announced yesterday (Mon) it will open an office in Vienna this year.
• Savings accounts pay practically no interest
  Austrian savings accounts are paying practically no interest, according to the Labour Chamber (AK).
• Volksbank partner search advisor announced
  Lazard investment bank is to advise Austrian Volksbank AG (ÖVAG) in its search for a strategic partner, it was announced today (Tues).

• Allianz says EE to remain growth region
  Insurance giant Allianz has said Eastern Europe will remain a growth region despite the economic crisis continuing to be felt in many countries there.
• OeNB chief warns of financial bubbles
  Austrian National Bank (OeNB) Governor Ewald Nowotny has warned of a growing danger financial bubbles in developing countries.
• Nowotny admits Greece concerns
  Austrian National Bank (OeNB) Governor Ewald Nowotny has admitted concerns about Euro-zone member Greece’s public finances.
• ÖVP rejects chancellor´s bank tax
  The People’s Party (ÖVP) has refused to back a tax on banks proposed by Social Democratic (SPÖ) Chancellor Werner Faymann.

• No HGAA board changes, bank's new supervisory board head says
  Incoming Hypo Group Alpe Adria (HGAA) supervisory board head Johannes Ditz has said he has no plans to replace the bank’s current boss Franz Pinkl.
• RZB boss warns customers could pay for bank tax
  Raiffeisen Zentralbank (RZB) boss Walter Rothensteiner has dismissed calls for a tax on banks.
• OeNB governor says double-dip recession unlikely
  Austrian National Bank (OeNB) Governor Ewald Nowotny said yesterday (Mon) a double-dip recession in Europe was unlikely.
• 'HGAA investors list' emerges
  An Austrian magazine has released a list of what it claims are investors benefiting from two capital increases at Hypo Group Alpe-Adria (HGAA) in 2006 and 2007 before the bank was sold to Bavaria’s BayernLB.

• Investment funds recoup almost third of losses
  Austrian investment funds recouped 11 billion Euros of losses last year, it emerged today (Fri).
• State debt more than two thirds of GBP
  Austrian state debt has jumped to more than two thirds of gross domestic product (GDP), according to figures released today (Thurs).
• Austrian Mint to sell interest in Casinos Austria, report claims
  Austrian National Bank (OeNB) subsidiary the Austrian Mint (Münze Österreich) is to sell its 33.24 per cent interest in Casinos Austria, it was reported today (Weds).
• Fake Euros on the rise
  The number of counterfeit Euro notes confiscated in Austria rose by 21 per cent year on year to 9,780 in 2009, according to new official figures.

• Erste's BCR seals €75mn EIB loan
  Erste Bank’s Romanian subsidiary is to receive a 75 million Euro loan from the European Investment Bank (EIB), it has been announced.
• OeNB chief pledges independence
  Austrian National Bank (OeNB) Governor Ewald Nowotny has pledged the bank will remain independent regardless of its ownership structure as the Finance Ministry called for the central bank to be nationalised.
• Romania to lead the way in CEE stock market growth, Erste says
  Romania will lead the way in stock market growth among Central and Eastern European countries in 2010 on further reduction in risk aversion, according to Erste Bank.
• Online credit broker pledges fight to stay in business
  Online credit broker platform Bankless-life.at has said it will fight to stay in business.

• Savings accounts most popular for spare cash, poll shows
  More than half of Austrians have put spare cash into savings accounts amid continuing uncertainty about investment products, a new poll has shown.
• BA owner UniCredit to launch capital increase
  Bank Austria (BA) owner Italian bank UniCredit is to start a 3.999-billion-Euro capital increase on Monday as it looks to merge with two subsidiaries.
• Parties deny Hypo sale insider trading
  Austrian political parties today (Mon) denied rumours they had received money from the sale of Carinthian Hypo Group Alpe Adria (HGAA) in 2007.
• Austrians to spend more in 2010
  Austrians plan to spend more in 2010, according to new research.

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