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


Events for October
M T W T F S S
29 30 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 31 1 2
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Raiffeisen latest bank to hint about moving abroad

The bank levy imposed by the Austrian state is fuelling anger among lenders in the country with the second suggestion in a week that banks are thinking about moving their headquarters abroad to avoid paying the extra tax.

The head of Raiffeisen bank, Heinrich Schaller, has said that the lender may move to Germany and "it would be negligent in business management terms" to not consider it at all.

The news follows that of Erste Group, who it is strongly believed are considering moving their offices to the Czech Republic capital Prague after the Czech president suggested as much last week.

Schaller has said that if they were to move to Germany, the cost of their bank levy would fall from 34 million EUR that is in Austria to just 5 million EUR. He also suggested that Raiffeisen is not the only bank in the country that is considering moving abroad.

Another main lender Bank Austria has called for talks to begin with the government over the issue.

The backlash from the banks has worried some commentators who fear the impact losing major players in the financial sector could have on the country.

"It seems that nobody in politics understands exactly how catastrophic the situation is in this country when we don't have any large banks," said political commentator Andreas Unterberger, writing on his blog about the Erste Bank.

Austrian Times


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


Cosmo and Nanu
ORF Watch

Tag cloud:
losing  levy  backlash  government  Germany  talks  bank  impact  commentators  Unterberger  Bank  lenders  Czech  hint  Austrian  abroad  players  Raiffeisen  Schaller  Erste

Latest News

 

Rare Bald Ibis Makes Microlight Flight To Italy
The project to introduce an extinct bird back to Europe is hailing success after successfully negotiating a new route over the Alps and training 14 Northern Bald Ibises how to fly south to winter feeding grounds in southern Tuscany.

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

 


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