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Wednesday, 08. February 2012 - 14:02

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Greens write off debt brake accord Greens chairwoman Eva Glawischnig has claimed the government stopped being interested in adding a debt brake to the constitution.
Electricity supplier switch barriers to disappear Peopleâ€™s Party (Ã–VP) Economy Minister Reinhold Mitterlehner has promised a further reduction of bureaucratic obstacles for people planning to change their electricity providers.
End of austerity package talks in sight, says Khol A Peopleâ€™s Party (Ã–VP) board member has claimed that the upcoming savings package would be presented within the coming days.
Erste Bank expert optimistic about Hungary The chief analyst of Austriaâ€™s biggest bank has said chances for a political agreement about the difficult economic condition of Hungary are good.
Spindelegger upsets SPÃ– Peopleâ€™s Party (Ã–VP) Vice Chancellor Michael Spindelegger has caused a stir by revealing details of the upcoming austerity package.
Tragic schoolgirl Julia to be laid to rest An Austrian schoolgirl whose disappearance was once linked to incest monster Josef Fritzl is to be buried today.
Camera leads to hit and run boarder arrest Austrian police have arrested a hit-and-run snow boarder after issuing the man's picture to local media.
Vranitzky appreciates tuition fees discussion Former Social Democratic (SPÃ–) Chancellor Franz Vranitzky has said he welcomes the current debate about a reintroduction of tuition fees.
Westbahn welcomes 6,000 a day Westbahn manages to sell one in two of the overall number of tickets it offers, a spokesman said today (Fri).
Wiener Linien records rising demand for annual passes The number of people opting for annual Wiener Linien tickets is soaring.
Vice chancellor refuses to exclude FPÃ– The Peopleâ€™s Party (Ã–VP) keeps refusing to disassociate itself from the Freedom Party (FPÃ–) following FPÃ– leader Heinz-Christian Stracheâ€™s controversial comparisons with the Nazi era.
Vienna Ã–VP endorses proposed district cuts Vienna Peopleâ€™s Party (Ã–VP) Josefstadt district head Veronika Mickel suggested continuing to speak about a reduction of positions in the city's administration.

08. 06. 10. - 14:00

Prehofer denies Cerberus spat as BAWAG PSK departure announced

Regina Prehofer has dismissed claims she decided to leave the BAWAG PSK board over differences of opinion with the Austrian bank’s American owner.

Prehofer announced today (Tues) she would resign as board member at Austria’s fourth-biggest bank this September or October. Her contract would have expired only in September 2011.

Asked whether this decision comes on the back of alleged disparities between her and New York investment firm Cerberus Capital Management’s plans for the BAWAG PSK, former Bank Austria (BA) manager Prehofer stressed: "My decision is a very personal one. My resignation will happen as part of a mutual agreement."

The 54-year-old Upper Austrian added: "I’m looking forward to new challenges. I haven’t decided where to continue my career. There are several opportunities for me in Austria."

BAWAG PSK boss Byron Haynes said: "I regret but accept Regina Prehofer’s decision."

Haynes said the process of finding a successor will take several months but has already started.

BAWAG PSK has been rumoured to be in the running of becoming a strategic partner of struggling Volksbank AG (ÖVAG) which suffered losses of 1.123 billion Euros after taxes in 2009.

Prehofer denies Cerberus spat as BAWAG PSK departure announced

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