Austria

Austrian Authorities Suspend Vienna-Salzburg Rail Traffic Due to Flood Risk

5 months ago

Austrian officials have decided to suspend rail traffic between the country's major cities, Vienna and Salzburg, due to the threat of flooding. This decision came into effect against the backdrop of expected heavy rains and deteriorating weather conditions, which could lead to rising water levels in rivers and the danger of inundations. Meteorological conditions are anticipated to remain unfavorable in the coming days, potentially affecting other transport routes and regions as well.

Raiffeisen Group: Delay in Sale of Russian Unit and Share Freeze

6 months ago

Raiffeisen International, an Austrian bank, announced that the process of selling its Russian unit has encountered delays, resulting in a freeze on the company's shares. Bank representatives explained that the delay is due to the need to comply with regulatory norms and an expectation for legal clarifications regarding the deal. This situation remains under the control of the bank's management, which is actively working to resolve it.

Erste Bank CEO Warns Austrian Society is Ignoring the Threat from Russia

6 months ago

Recently, the president and CEO of Erste Group Bank, one of the largest banking groups in Central and Eastern Europe, expressed concern that Austrian society underestimates the threat posed by Russia. In an interview, he stated that it is time for an open discussion about these concerns and for the realization of the real threat that could impact not only Austria's security but also the economy of Europe as a whole.