AUSTRIA: MOTORISTS FACED WITH HIGHER COSTS

Article Abstract:

Austria's new coalition government consisting of the conservative People's Party OVP and the far-right Freedom Party FPO is planning to increase the engine-linked motor insurance tax by 30%. The hike that is said to be overdue is expected to raise an additional income of Sch 4bn. Insurance companies, which have to collect the tax, are concerned about the increase because it coincides with their plans to raise premiums by 4-6%. Insurance companies are making losses in the motor vehicle sector. Austrian motorists will also be faced with the increase of the annual motorway usage tax (vignette). From the beginning of 2001 it will cost Sch 1,000 rather than Sch 550.

Trucking, General Freight Trucking, Taxes

---

AUSTRIA: GERMAN INSURANCE PARTNER FOR TISPA

Article Abstract:

Bayerische Versicherungskammer wants to expand to the Austrian market. It is to take a 2.5% stake in Tiroler Sparkasse (Tispa) within a capital increase. Bayerische Landesbank (BayernLB) holds a 25% plus one share stake in Tispa. Tispa expects an operating profit of more than Sch 300mn on a balance sheet total of Sch 46bn in 1999.

Commercial Banking, Retail Banking Services, Clearing Banks, Financial Transactions Processing, Reserve, and Clearinghouse Activities, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Retail banking, Bank clearinghouses, Tiroler Sparkasse, Bayerische Versicherungskammer

---

Similar abstracts:

• Abstracts: AUSTRIA: TOURISTS' PREFERENCES IN 2001. AUSTRIA: DECLINE SEEN IN TOURISM. Austria: Short-time work in tourism not catching on
• Abstracts: AUSTRIA: INSURANCE MERGER CLEARED. AUSTRIA: GENERALI TO BOOST FINANCIAL SERVICES. AUSTRIA: INSURERS' DISPUTE ABOUT HOLOCAUST FUNDS
• Abstracts: Austria: VA Tech to sell subsidiary. AUSTRIA: AGREEMENT ON MAGNA PROJECT. UK: NEW JOB FOR NIKI LAUDA AT JAGUAR
• Abstracts: DENMARK: RETAILERS WILL COMPETE WITH PHARMACIES. Denmark: Dako to sell its US research unit. DENMARK:NOVO READY TO SELL DRUGS AT COST PRICE
• Abstracts: DENMARK: FDB'S SALE OF BAKERY UNIT PROFITABLE. Denmark: Two bakeries per week shut down. US: DANISCO'S BAKERY ENZYME A SUCCESS

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.