Marton Eder

A former Hungarian central bank governor and critic of Viktor Orban said he quit a top job at Erste Group Bank AG following “blackmail” from the financial regulator in Budapest.

Austria’s Erste Group Bank AG is ready to consider bolt-on acquisitions in all of its countries as it works to integrate its largest ever acquisition in Poland.

The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.

Erste Group Bank AG is working on a significant risk transfer tied to commercial real estate loans in Austria as regulators push lenders to bolster their capital buffers against potential defaults in the sector.

Hungary’s central bank governor, Mihaly Varga, gave a cautious endorsement of the government’s plan to join the euro, but warned careful preparation would be needed.

An ex-Austrian intelligence officer was found guilty of passing on state secrets to a fugitive former top executive at the fraudulent payments company Wirecard in a high-profile spy case that has prompted authorities in Vienna to tighten rules on espionage.

Hungary will probably have a “very high” budget shortfall this year, Prime Minister Peter Magyar said, adding that Viktor Orban’s administration had likely “falsified” data.

Markus Marterbauer ist österreichischer Finanzminister. Obwohl er Milliarden Euro an Ausgaben streichen und den Haushalt stabilisieren soll, ist er bislang nicht zum Sündenbock für die wirtschaftlichen Probleme seines Landes geworden.

Austria lost its last top credit score from a major assessor because of persistently high budget deficits, ending a decades-long streak as one of Europe’s best-rated issuers.

Shares in chip-part maker Austria Technologie & Systemtechnik AG rallied the most in six years after the company raised its guidance and pledged increased output and investment as part of a deal to supply Advanced Micro Devices Inc.