Friday, 24. May 2013 - 20:05
21. 06. 12. - 17:00
The stock-exchange listed Vienna Insurance Group (VIG) plans to invest more heavily in Central and Eastern European real estate, local media reported on Wednesday.
"Central and Eastern Europe are a more interesting objective for us than western countries," new VIG CEO Peter Hagen said in an interview in the Wednesday edition of the "Handelsblatt."
The real estate market slump in that region is of no concern, Hagen said, because the issue comes down to attractive locations.
"The center of Prague will always be the center of Prague," he said.
Hagen added that the growth potential for insurance policies in Eastern Europe is high, and a per-person doubling of life insurance plans to 20 dollars would result in an extra premium value of $500 million.
"Those would be contributions that we in the west could only dream of," he said, adding that an expansion to Russia was not planned due to various complexities in the market and because of its much larger size.
Birth balance negative once again
The birth balance of 2012 has been negative for the first time in three years. This was due to an increase in deaths. Another trend is that women give birth to their first child when they are older.
Suspected fraud in community flats sector
Five recently renovated community flats are being taken apart again. The state-housing organisation "Wiener Wohnen" is examining whether the renovation works have been carried out properly.
Long Night of the Churches tonight
The programme of "Long Night of the Churches" offers hundreds of events in Vienna alone. It partly focuses on the topic of asylum. The question whether aliens go to heaven will also be discussed.
Army officer sentenced over getting recruits to lay flooring at his house
The state court of Vienna sentenced a second lieutenant of the Austrian Army to nine months in jail due to misuse of authority. He had three recruits lay the flooring in his own house.
Child injured on zebra crossing
A ten-year-old girl was severely injured in a car accident in Vienna-Margareten yesterday (Wed). A car hit her on a zebra crossing. It remained unclear whether the girl or the driver was supposed to wait.
Long Night of the Churches
Hundreds of churches Austria-wide to open their doors for the "Long Night of the Churches" (original: "Langen Nacht der Kirchen") on May, 24.
Cheapskate Tourist Almost Died In Sewer Visit
A German tourist had a lucky escape after he decided to go underground to get a view of the Vienna sewers, and fell badly breaking several bones including his hip and his leg.
Preparation for Life Ball begins
The preparations of the Life Ball in Vienna are at full blast after delays due to bad weather last weekend. Star guests like Eva Longoria and Carmen Electra are expected at Vienna Airport on Friday.
Woman killed by Vienna tram
A female pedestrian tried to cross a street in Vienna Hietzing yesterday afternoon (Tues) without paying attention to the traffic. She was hit by the tram number 60 and died at the scene.
15 minutes free parking instead of 10
The 15-minute parking ticket will replace the 10-minute parking ticket in autumn. The only alternative is to buy your parking ticket with your phone. A parking clock does not protect you from a fine.
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