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Wednesday, 08. February 2012 - 01:02

Breaking News:

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.

04. 08. 10. - 12:00

Moody's lowers Hypo Tirol Bank rating

Hypo Tirol Bank bosses have claimed they are satisfied despite Moody’s decision to lower its estimation of the bank.

The New York City-headquartered rating agency announced yesterday (Tues) that it had changed Hypo Tirol Bank’s soundness ranking from Aa1 to A2.

CEO Wilfried Stauder stressed in a first reaction today he was "satisfied" considering the difficult economic development.

Moody’s explained its decision was based on the Innsbruck-based institute’s "weak capitalisation".

The rating agency announcement comes weeks after Austria’s biggest banks passed the European Union’s (EU) "stress test".

Raiffeisenzentralbank (RZB), Erste Bank and UniCredit subsidiary Bank Austria (BA) did well in the check.

Seven of the 91 examined bank houses failed the test in which experts tried to find out whether they would manage to survive a dramatic economic downturn.

Moody's lowers Hypo Tirol Bank rating

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