Austria/Slovenia: Reaction to electricity import ban

Article Abstract:

As one of the 15 countries from which Austria has banned electricity imports on environmental or humanitarian grounds, Slovenia has banned imports of Austrian electricity. It is expected that the impact on the electricity industry will be small, as the bans can be circumvented by buying the electricity via suppliers in other countries, but the effect on other industries could be larger because of the worsening of diplomatic relations between the countries. For example, the Austrian banks which are applying to take over Slovenian banks following their privatisation are likely to be affected.

International economic relations, Electric Power Generating, Electric Power Generation, Electric services, Slovenia

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AUSTRIA: FOREIGN PARTNER FOR HYPO ALPE-ADRIA

Article Abstract:

The Austrian bank Hypo Alpe-Adria, which is owned 52% by the state of Carinthia and 48% by Grazer Wechselseitige, is looking for a partner. The new partner, which could take part in a capital increase of Hypo Alpe-Adria planned for 2001, will come from an European Union country other than Austria. Hypo Alpe-Adria's group balance sheet total in 2000 is expected to rise 18% to Sch 72bn, of which Croatia and Slovenia contribute Sch 26bn and Italy Sch 13bn. Operating profit is estimated at Sch 900mn and profit on ordinary activities at well over Sch 400mn.

Sales, profits & dividends

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