Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Cosmo&Nanu

Cosmo&Nanu

Government enters talks with banks

Hypo could receive 1bn Euros in state aid this year

Ailing Austrian bank Hypo Alpe Adria could receive 1 billion Euros from the government in 2014, Finance Minister and leader of the Austrian People's Party Michael Spindelegger has confirmed.

The news contradicts expectations that the bank would receive between 400 and 900 million Euros as part of a plan agreed to by the EU to give Hypo up to 5.4 billion in state aid over four years.

The bank has already received 1.75 billion Euros of this last year. With the 1 billion scheduled for 2014, the government is now left with 3.65 billion Euros that they can give the bank in aid.

Whether Hypo receives the full amount set aside for them this year depends on the level of support the government is hoping to they'll get from the healthy Austrian banks in dealing with the 13 billion Euros of bad assets held by Hypo.

The government is currently in talks with banks such as Erste Bank, Bank Austria and Raiffeisen Bank to see if they can absorb some of Hypo's toxic assets although it is not a popular plan as banks already feel under strain from a recent hike in a national bank levy.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!




Tag cloud:
held  popular  absorb  billion  currently  strain  Raiffeisen  Austrian  Hypo  Euros  government  talks  Bank  bank  national  assets  levy  toxic  Erste  aside


Latest News

 

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.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

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.


Austrian Zimmers