Friday, 18. April 2014
27. 01. 14. - 13:00
Austria's banks are due to begin talks with the government over the takeover of bad assets belonging to ailing bank Hypo Alpe Adria.
A task force set up to decide how to manage the state owned toxic assets of Hypo Alpe were weighing up the options of the government taking them on as state debt or getting support from healthy banks to relieve the burden.
The latter was recommended as the better proposal and, keen to see banks such as Raiffeisen Bank International, Erste Group and Bank Austria help support Hypo Alpe, Finance Minister Michael Spindelegger has called for talks to begin with the commercial banks.
Hypo Alpe has around 13 billion Euros held up in bad loans and leases. The bank became government owned after it went into bankruptcy in 2009 and threatened financial stability in Austria.
Since then it has received 4.8 billion in state aid and there have been reports that further financial assistant will be necessary, although National Bank Governor Ewald Nowotny says that he's been told the bank does not need more immediate aid from the state.
After talks with the healthy banks, a decision about the way forward for Hypo Alpe is expected to be made by the government in the next month.
Schools Ordered To Save, But Also To Buy Expensive Scales
Austria's embattled finance ministry has been dragged into a new scandal after it emerged that at the same time as demanding schools save 57 Millionen Euros, they were also expected to find an additional 3 million to buy an approved set of weighing scales.
OAP Hunts Down THIS Hit And Run Cyclist
Does anyone recognise this cyclist? If so you can get yourself 200 euros, and do a good deed in the process.
Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.
Free Staff For One Person Companies - But Only In NÖ
Since the beginning of the year one-man-companies, the so called "Ein-Personen-Unternehmen" in Lower Austria have been entitled to help in the form of a free assistant.
What is on at Burg Kino this week? (18 April - 24 April)
This week at the Burg Kino on the Opernring the following films are showing:
Austria Accused Of Ignoring Giant Nazi Swastika
A huge swastika that has scarred the walls of an Austrian castle for the past 80 years is still on view despite breaching strict postwar rules banning all Nazi symbols.
Jetflyers Take The Jet Ski Onto The Road
An Austrian company is making waves after they came up with the idea of taking a jet ski – and fitting it with wheels.
Nuns invite young women to get a taste of Abbey life
In a bid to revive their Austrian abbey that doubles up as a health resort, a group of nuns are inviting young women to come and stay with them to get a taste of nun life.
Austrian women earning over fifth less than men
Austrian women are earning on average 23.4 percent less than men in the country, according to Statistik Austria.
Exploring photography and art through 1960s cult film Blow-Up
Vienna's Albertina is putting on an photography exhibition featuring stills from the cult sixties photography film Blow-Up by Michelangelo Antonioni.
The most popular stories –
last 7 days
|Banks Leave The Sinking Ship And No-One Cares|
|Austrian Grand Prix on the search for 'grid girls'|
|Turtle flies from Vienna to India to try his luck with the ladies|
|'Most prolific burglar ever' behind bars|
|Austria Accused Of Ignoring Giant Nazi Swastika|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.