Wednesday, 16. April 2014
12. 02. 14. - 14:00
Vienna-based Erste Bank has hit back against tax burdens for Austrian banks after seeing their profits decline by 88% last year.
In a statement released yesterday, Erste Bank announced that their total income had fallen from 483.5 million euros in 2012 to just 60 million euros last year.
Struggling economies in eastern European countries are putting the pressure on the Austrian bank. Erste is also not able to realise as much as profit due to banking levies in the country, they have said.
"This is directly related to the persistently high banking tax burden on the Austrian tax group as well as goodwill writedowns over the past years," the bank said in the statement.
The banking levy introduced in 2011 by Austria has received criticism from banks in the country who feel they are already under pressure from slow recovery conditions in Europe following the financial crisis.
An increase in the levy announced earlier this year as part of the coalitions tax package means it is due to raise just under 650 million Euros in 2014.
What is on at Haydn Kino this week? (17 April - 23 April)
The following films are on at the English language cinema Haydn Kino on Mariahilfestrasse between 10 April and 16 April:
Two teenage girls go missing as they fly from Austria to fight in Syria
Two teenager girls who say they have left Austria to fight in Syria have trigged an international search operation from the Austrian police. The two - a 15-year-old and a 16-year-old - left identical letters behind telling their families goodbye and that "we will meet in in Paradise". The letters told of their plans to go to Syria to "fight for Islam". The parents of the girls reported that their children had gone missing last week and since then the police tracked them to Turkish city of Adana, where they had flown to from Austria - after that the police lost track of the girls. Adana is 75 miles northwest of Aleppo, a city that became a major battleground during the civil war taking place in Syria. Police spokesman Thomas Keiblinger say that the police are taking the farewell letters "very seriously" and are now conducting an international search for two teenage girls who left farewell letters announcing plans to "fight for Islam" in Syria. Both girls come from families who immigrated from Bosnia but have not been fully identified by Austrian police.
Ricky Martin to perform at Life Ball 2014
In a celebrating of joys of life, sensuousness and a tribute to handsomeness, the Life Ball 2014 has announced that the Latino star Ricky Martin, chosen many times over as Sexiest Man Alive, will perform at the event.
Pony And Trapped After Too Much Fresh Grass
A roly-poly pony lost its balance on an Alpine slope due to its calorie-overloaded body.
Vienna prosecutors target Ukrainian former government
Austrian officials have announced they are coordinating with Ukraine's public prosecutors over the investigation of former Ukrainian government officials accused of money-laundering and sanctions violations.
Former footballers charged over match-fixing
Austrian prosecutors have charged former footballer Dominique Taboga over allegations of match-fixing, nearly five months after his connection to the scandal was exposed.
Muslim Brotherhood leader denies move to Graz
A leader of the Islamist political group the Muslim Brotherhood has refuted claims that they are moving their headquarters from London to Graz in Austria.
House Where Hitler Born Painted Blue By Vandals
Austrian police are investigating after the house where Adolf Hitler was born was vandalised with graffiti.
Icelandic artist shoots whole film in front of live audience in Vienna
An Icelandic artist is making a film adaptation of the novel World Light in Vienna - but is carrying out the whole project, including filming, in front of a live studio audience.
Andreas Puelacher replaces Berthold as ski coach
Andreas Puelacher has replaced Mathias Berthold as the head coach of the Austrian men's Alpine ski team.
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