DOCSLIB.ORG

Corporate Presentation of Hypo Vorarlberg

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Presentation of Hypo Vorarlberg © Reinhard Fasching Reinhard © CORPORATE PRESENTATION HYPO VORARLBERG BANK AG Bregenz, September 2021 CONTENTS 01 HYPO VORARLBERG BANK AG 02 COVID-19 03 CORE MARKET 04 BUSINESS DEVELOPMENT 05 SUSTAINABILITY 06 REGULATORY REQUIREMENTS 07 LIQUIDITY AND FUNDING 08 SUMMARY 09 CONTACTS 10 APPENDIX HYPO VORARLBERG 01 BANK AG BREGENZ 3 HYPO VORARLBERG AT A GLANCE Largest single banking institution in Vorarlberg Financial data ▪ 719 employees ▪ Earnings before taxes: EUR 46.2 mln ▪ Total assets of EUR 15 billion ▪ Cost-Income ratio: 59.36% ▪ Total capital ratio: 17.96% Strong distribution channels in our home ▪ CET1 capital ratio: 14.61% market ▪ 20 branches (15 in Vorarlberg, also active in St. Gallen, Bolzano and Southern Germany) ▪ Leading corporate bank in Vorarlberg ▪ approx. 90,000 retail- and approx. 11,000 business customers Ratings ▪ S&P: A+ (Outlook: negative) ▪ Moody‘s: A3 (Outlook: stable) ▪ C Rating (Prime) of ISS-ESG Source: Semi-annual report as of June 2021 4 WHO IS HYPO VORARLBERG? OVER OVER 100,000 120 OVER CLIENTS YEARS 700 EMPLOYEES (GROUP) 80% TOTAL ASSETS OF THE „TOP RATINGS 100“-COMPANIES STANDARD & POOR´S: A+ IN VORARLBERG MOODY´S: A3 LARGEST 15 ISS-ESG: SINGLE BANKING BILLION EUR C-RATING (PRIME) INSTITUTION IN VORARLBERG 5 OUR CORE COMPETENCIES The people and businesses in Vorarlberg, throughout Austria and in selected regions are our customers. We focus on what we do best – our core competencies. FINANCING + SUBSIDIES ADVISORY FINANCING CORPORATE PRIVATE PAYMENT TRANSACTIONS INVESTMENT CLIENTS CLIENTS INVESTMENT RETIREMENT PROVISIONS 6 OUR SHAREHOLDERS 76.8732 % 23.1268 % Vorarlberger Landesbank Holding (State of Vorarlberg) Austria Beteiligungsgesellschaft mbH Landesbank Landeskreditbank Baden-Württemberg Baden-Württemberg Förderbank HYPO VORARLBERG BANK AG Hypo Immobilien Hypo IMMO ITALIA Hypo Vorarlberg Leasing Holdings: & Leasing GMBH, Bolzano in Bolzano, Italy - comit Versicherungsmakler - Masterinvest KAG 7 BUSINESS STRATEGY Continuity & reliability Strengthening the brand Customer business remains at the center Consolidate or expand position Organic Growth Wealth Management Productivity & Digitalization Regions of growth in Expansion of the top Efficiency Integration of IT in the eastern Austria and segment of the Cost leadership is an bank for the further southern Germany investment business important strategic development of digital advantage applications and processes 8 02 COVID-19 STELLISEE AND MATTERHORN, KANTON WALLIS, SUI 9 COVID-19 IN AUSTRIA ▪ Restaurants, hotels, cultural and leisure facilities as well as baths are open under special safety precautions. The prerequisite for this is that guests are "tested, vaccinated or recovered" ("3-G rule"). There is also a registration requirement. ▪ From July 22, access to night gastronomy is only possible for vaccinated and PCR-tested people, and from August 15, vaccination is only valid after complete immunization as evidence of a low epidemiological risk. The proof is issued from the day of the 2nd vaccination. ▪ In all places where the 3-G rule applies, there is no mask requirement. In public transport, grocery stores, pharmacies, banks and post offices, the wearing of a mouth and nose protection is mandatory (as of September 15: FFP2-mask instead of mouth and nose protection, for unvaccinated persons also in stores mandatory) . There is also an exception to the mask requirement for retirement and nursing homes as well as health care facilities. ▪ 63.14 % of the total Austrian population (as of September 16) have received at least one COVID-19 vaccination, of which 59.67 % have full vaccine protection. Source: www.sozialministerium.at / Coronavirus 10 COVID-19 IN AUSTRIA ▪ COVID-19 step-by-step plan for autumn: The COVID-19regulations are set depending on the utilization of intensive care beds in hospitals: comes into force seven days As of 15 September after exceeding the limit Tighter controls on the measures in force night gastronomy and large events without Antigen-tests only valid for 24 hours allocated seating: access only for vaccinated or recovered persons FFP2-mask instead of mouth and nose protection (where masks are currently 300 beds living room tests no longer valid as “3-G” mandatory) proof 200 beds austria-wide Recommendation of FFP2-masks also in comes into force seven days stores, for unvaccinated persons mandatory after exceeding the limit “3-G” for events with more than 25 persons everywhere where “3-G” applies: access (previously 100) only for vaccinated, recovered or PCR 400 beds tested persons Source: APA/ORF.at, Government 11 COVID-19 IN AUSTRIA ▪ In order to support the economy in this crisis, the Federal Government of Austria has put together an assis- tance package to safeguard jobs and the liquidity of companies. The assistance package includes: Corona assistance package Short-time work (EUR 10.30 bln) Guarantees (EUR 7.20 bln) Tax deferrals and reductions (EUR 5.20 bln) Already paid/ Emergency aid (EUR 5.40 bln) approved Sales replacement (EUR 3.40 bln) 40.1 bln EUR Hardship Fund (EUR 2.10 bln) (As of September 13, 2021) Fix cost subsidy (EUR 1.70 bln) Default bonus (EUR 3.00 bln) Community package (EUR 0.80 bln) NPO Support Fund (EUR 0.50 bln) Other supports (EUR 0.50 bln) Source: www.bmf.gv.at / Coronavirus 12 VACCINE PROGRESS SUPPORTS ECONOMIC RECOVERY ▪ The withdrawal of containment measures to prevent the spread of COVID-19, which goes hand in hand with the progress of vaccination, leads to a strong upswing in the Austrian economy by mid-2021. ▪ At the end of July, economic output in Austria was +0.6 % just above the pre-crisis level for the first time since the outbreak of the COVID-19crisis. ▪ A significant contribution to the improvement was made by the increase in overnight stays by foreign guests in Austria. In particular, guests from Germany, by far the most important country of origin, are responsible for this positive development. ▪ There is a sideways movement in real consumer spending by Austrian households. The recent rise in inflation has a dampening effect on real consumption. ▪ By contrast, positive contributions to growth continued to come from the export-oriented industry, which had already returned to its pre-crisis level by the end of 2020. ▪ However, the industrial economy continues to develop weaker than the sentiment indicators indicate. Capacity and transport bottlenecks for raw materials are likely to prevent a stronger expansion of production. Source: www.oenb.at, Konjunktur aktuell – June 2021 / Wöchentlicher BIP-Indikator der OeNB für die Kalenderw ochen 25-29 13 IMPACT OF COVID-19 FOR HYPO VORARLBERG ▪ Coping with the COVID-19 pandemic and its consequences will shape the entire fiscal year 2021 and is expected to affect all business areas of Hypo Vorarlberg. ▪ Due to the reserves made in the past years and the stable equity situation, Hypo Vorarlberg can overcome the current difficult economic situation. ▪ In addition to a solid equity base, Hypo Vorarlberg has sufficient liquidity reserves and a diversified funding structure. ▪ Hypo Vorarlberg is taking the right steps. A corona company traffic light was formed. A crisis team meets regularly and the employees work in team splitting. ▪ Hypo Vorarlberg is currently reviewing the technical implementation of the inclusion of the Bridge- Finance guarantees in the cover pool. 14 OUR 03 CORE MARKET RHEINTAL 15 WIRTSCHAFTSLAGE – VORARLBERG UND ÖSTERREICH VORARLBERG ÖSTERREICH Bevölkerung: 397.139 Bevölkerung: 8.901.1064 Fläche: 2.601 km2 Fläche: 83.879 km2 16 ECONOMIC SITUATION – AUSTRIAN FUNDAMENTALS in % Austria Euro-Zone 2020 2021 2022 2020 2021 2022 Gross Domestic Product (GDP), real -6.3 4.0 5.0 -6.5 4.8 4.5 Inflation (HICP) 1.4 2.3 2.1 0.3 1.9 1.4 Unemployment rate 5.4 5.0 4.8 7.8 8.4 7.8 Current account balance in % GDP 2.5 0.2 0.4 2.2 3.1 3.1 Budget surplus/deficit (Maastricht) in % GDP -8.9 -8.4 -4.3 -7.2 -8.0 -3.8 Structural budget surplus/deficit in % GDP -6.4 -6.3 -4.2 -3.6 -6.2 -3.7 Debt to GDP in % 83.9 89.6 88.1 100.0 102.4 100.8 Rating of Austria Longterm Shortterm Outlook Moody's Aa1 P-1 Stable Standard & Poor's AA+ A-1+ Stable Fitch AA+ F1+ Stable DBRS AAA R-1 (high) Stable Sustainability Rating Sustainanalytics # 10 of 172 countries worldwide ISS-ESG # 12 of 60 countries worldwide EPI (Yale Universität) # 6 of 180 countries worldwide SDG Index # 6 of 166 countries worldwide Source: www.oebfa.at, August 2021 17 ECONOMIC SITUATION – VORARLBERG AND AUSTRIA Real change in Gross Domestic Product Debt Per Capita 2019 in EUR (2012-2020 in %, average per year) Vorarlberg 1.84% Tyrol 811 Tyrol 1.81% Vorarlberg 945 Upper Austria 1.58% Upper Austria 1,245 Burgenland 1.46% Salzburg 2,091 Styria 1.45% Austria 3,188 Salzburg 1.36% Burgenland 3,723 Lower Austria 1.36% Styria 3,787 Austria 1.35% Vienna 4,474 Carinthia 0.94% Lower Austria 5,445 Vienna 0.94% Carinthia 6,172 0.0% 0.5% 1.0% 1.5% 2.0% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Source: www.wko.at, July 2021 18 ECONOMIC SITUATION – VORARLBERG AND AUSTRIA Unemployment Rate 2020* Economic growth 2000 - 2020 5% Upper Austria 6.5% Salzburg 7.3% 3% Vorarlberg 7.7% 1% Tyrol 8.1% Styria 8.4% -1% Burgenland 9.4% Lower Austria 9.4% -3% Austria* 9.9% -5% Carinthia 11.3% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Vienna 15.1% 2020 Vorarlberg Austria 0% 2% 4% 6% 8% 10% 12% 14% 16% *Austrian calculation method Source: www.wko.at, July 2021 19 REAL ESTATE OVERVIEW REAL ESTATE IN EUR/M² State capital 2020 2019 % Salzburg 942 913 3.2% Innsbruck 915 876 4.5% Vienna 664 627 6.0% Bregenz 610 588 3.6% Linz 358 341 4.9% Graz 269 251 7.2% Eisenstadt 200 197 1.3% Klagenfurt 190 181 5.4% St.
Load more

Recommended publications
  • Elternbildungs- Einrichtungen
    Ermässigung von 30 Prozent: Elternbildungs- Bildungshaus Batschuns Zwischenwasser, T +43 5522 44290 0, www.bildungshaus-batschuns.at einrichtungen „Familiengespräche" Vorarlberger Familienverband Vergünstigte Angebote: Bregenz, T +43 5574 47671, www.familie.or.at Jugend- und Bildungshaus St. Arbogast Erfahrungen mit anderen Eltern austau- „Gigagampfa" Götzis, T +43 5523 625010, schen, praktische Anregungen für den Ehe- und Familienzentrum www.arbogast.at Erziehungsalltag mitnehmen, eigene Stärken der Diözese Feldkirch entdecken, eine Auszeit vom Alltag Feldkirch, T +43 5522 74139, Katholische ArbeitnehmerInnen- nehmen und das Zusammensein mit Kindern www.efz.at Bewegung Vorarlberg in entspannter Atmosphäre erleben – das ist Götzis, T +43 664 2146651, das Ziel von Weiterbildungs an geboten. „Kinder brauchen Antworten“ www.kab-vorarlberg.com IfS – Institut für Sozialdienste Röthis, T +43 5 1755530, Katholisches Bildungswerk Vorarlberg Eltern und Erziehungs berechtigte www.ifs.at Feldkirch, T +43 664 2146651, erhalten mit dem Vorarlberger www.elternschule-vorarlberg.at Familienpass bei allen vom Land „Wertvolle Kinder“ & „Familienimpulse" geförderten Veranstaltungen eine Vorarlberger Kinderdorf Volkshochschule Bludenz Ermäßigung. Bregenz, T +43 5574 49920, Bludenz, T +43 5552 65205, www.vorarlberger-kinderdorf.at www.vhs-bludenz.at „Eltern-chat“ & „Purzelbaum-Eltern- Volkshochschule Bregenz Weitere Informationen unter: Kind-Gruppen“ Bregenz, T +43 5574 525240, www.vorarlberg.at/familie (Elternbildung) Katholisches Bildungswerk Vorarlberg www.vhs-bregenz.at und www.pffiffikus.at Feldkirch, T +43 5522 34850, www.elternschule-vorarlberg.at Volkshochschule Rankweil Rankweil, T +43 5522 46562, www.schlosserhus.at weitere Anbietende Bodenseeakademie okay.zusammen leben – Projektstelle Vorarlberger Kinderfreunde Dornbirn, T +43 5572 33064, für Zuwanderung und Integration Bregenz, T +43 664 9120446, www.bodenseeakademie.at Dornbirn, T +43 5572 3981020, www.kinderfreunde.at www.okay-line.at connexia – Gesellschaft für Gesundheit Volkshochschule Götzis und Pflege gem.
    [Show full text]
  • BSBZ Agriculture School Vorarlberg – New Building Tract E, Hohenems
    BSBZ Agriculture School Vorarlberg – New Building Tract E, Hohenems Project Information A flexible learning landscape with freedom. Builder-Owner In the 1970s the technical agricultural and forestry Land Vorarlberg, Abteilung Hochbau school, near Hohnems, with its attached boarding facilities became the central training facility for Location Vorarlberg. In order to take into account the Hohenems dynamic development of this facility, the building had to be reprogrammed and enlarged several Completion times over the following decades. As early as 2006, 2019 the buildings were already divided into clear structures through carefully designed interventions, around courtyard typography, confidently differentiating itself from its heterogeneous built environment. The newly built classroom wing expands the sense of space and strengthens the existing spatial potential. It complements the entrance structure to form a walkway, creating another courtyard, which is designed as a protected relaxation area for the students, thanks to the natural garden and spacious terraces. While mainly the technical facilities and workrooms are housed in the solid basement, the two floors above were designed as open and flexible learning landscapes with natural timber surfaces and light flooring. In order to be able to separate the classrooms from the adjoining common areas with spatially formulated built-in furniture, ceiling-like girders and steel supports take the static loads of the load-bearing central axes. This part of the building, like the last expansion phase, is built in stacked laminated planks with acoustically effective solid timber ceilings, with the ceiling above the ground floor being made as a timber-concrete composite to reduce vibrations. The tried-and- tested façade design made of dark red, rough-sawn timber slats was also adopted again and supplemented with new elements in order to establish a design and consistency for the entire school.
    [Show full text]
  • Naf World Cup 2019
    naf world cup 2019 NAF World Cup DORNBIRN 3rd-6th October 2019 Brought to you by naf world cup 2019 CONTENTS Introduction And then it began ....................................................................................................................... 3 Location State of Vorarlberg ...................................................................................................................4-5 City of Dornbirn .......................................................................................................................6-7 Venue – Messe Dornbirn ...........................................................................................................8-9 Travel Information .................................................................................................................10-11 Lodging ..................................................................................................................................... 12 Sightseeing ................................................................................................................................ 12 Schedule Pre-Tourney Schedule................................................................................................................. 13 Event Schedule .......................................................................................................................... 13 Goodies Event App ................................................................................................................................. 14 Coin .........................................................................................................................................
    [Show full text]
  • Aktualisierung Des Biotopinventars Vorarlberg
    Aktualisierung des Biotopinventars Vorarlberg Gemeinde Langen Dieses Projekt wurde von der Europäischen Union kofinanziert. Europäischer Fonds für regionale Entwicklung. Im Auftrag der Vorarlberger Landesregierung Abteilung Umwelt- und Klimaschutz (IVe) AVL Arge Vegetationsökologie und Landschaftsplanung Februar 2009 Einführung: Univ. Prof. Mag. Dr. Georg Grabherr Geländeerhebung: Dipl. Ing. Rosemarie Zöhrer Bericht: Mag. Andreas Beiser Aktualisierte Fassung 18.06.2020 Inhalt Seite Einführung 4 -- Kurzer Rückblick und Ausblick 4 -- Was ist ein Biotop? 5 -- Wann gilt ein Biotop als BESONDERS SCHUTZWÜRDIG? 6 Gemeindebericht 8 -- Allgemeine Angaben zur Gemeinde 8 -- Biotopausstattung 9 -- Schutzstatus der Biotopflächen 11 -- Verbindung zu angrenzenden Gemeinden 12 -- Kostbarkeiten der Gemeinde 13 Witmoos (Biotop 22201) Besenbirkenhaine am Feßlerberg (Biotop 22207) Großraumbiotop Bregenzerachschlucht Langen (Biotop 22210) -- Kurzdarstellung der weiteren Biotopflächen Moore zwischen Krebsgraben und Lechabach (Biotop 22202) Moor beim Hittabihl (Biotop 22203) Moos unterhalb Fischanger (Biotop 22204) Schachenhölzele und umgebende Moore (Biotop 22205) Hainbuchen-Lindenmischwälder steiler Südhänge über Hälin und Rietern (Biotop 22206) Moor-, Wiesen- und Heckenkomplex südlich Sägewerk (Biotop 22208) Großraumbiotop Rotachschlucht Langen (Biotop 22209) Rotachzubringer (Lechbach, Krebsgraben, Huberbach , Todsgraben), Magerweiden am Geserberg, Grauerlenbestand bei Bollengschwend, Wirtatobel und Gipfelregion des Hirschberg (Biotop 22211) Kesselbach in
    [Show full text]
  • Police Headquarters – County Control Centres Vorarlberg Light for the Night Shift Study from the Research Centre for User-Centred Technologies
    Police Headquarters – County Control Centres Vorarlberg Light for the night shift Study from the Research Centre for User-Centred Technologies The County Control Centres of the Vorarlberg State Police Head- Aim in Phase 2: Maintain the natural rhythm quarters operate around the clock. The renovation of the control In the second phase, the illuminance level of 385 lux at the begin- centre in the town of Bludenz has been used to implement a mod- ning of the shift was reduced to 160 lux at midnight. This light level ern lighting solution and to test a dynamic lighting concept, with the was then maintained for the remainder of the shift until 06:00. The aim of making the night shift more comfortable for the members of colour temperature was kept at a constant 3000 Kelvin. With an av- staff. UCT Research, an interdisciplinary research centre for user- erage of 1.5 points, this scenario was markedly better rated, as the centred technologies at the FHV technical college in Vorarlberg, police personnel felt significantly more awake and alert during the had the task of programming various lighting scenarios and then night and were then able to sleep much better when they had fin- evaluating these as part of a pilot study. The investigation was ished work. The improvement was particularly noticeable amongst carried out in the winter months to achieve the clearest results. members of staff aged 50 and over. Participants recorded their state of alertness during the course of the night shift, along with the quality of their sleep in the subse- The conclusion: There is a better solution than simply trying to turn quent relaxation phases.
    [Show full text]
  • Monika Grabuschnigg
    MONIKA GRABUSCHNIGG Monika Grabuschnigg (b. 1987, Austria) completed her M.A. in Fine Arts at the Academy of Fine Arts in Vienna, and studied as an exchange student at the Bezalel Academy of Arts and Design in Jerusalem and in Santiago at the Universidad Católica de Chile. Grabuschnigg focuses in her artistic practice on the feeling of acceleration in an increasingly augmented, anxiety-inducing and commercialized alienating environment. Her work investigates, fragments, and reassembles cultural phenomenons: (technological) symbols are distorted and reconstructed into new narratives, the evidence of searching for an epistemology in a contemporary world in which our physical desires and guiding beliefs are directed and dictated by malign algorithms. The primary source of Grabuschnigg’s art practice is clay and she consciously uses the tactility that this material transfers; precisely because her works deal with the dialectics of analog and virtual realities. The materiality of clay as a contradiction to a digital age, which is dedicated to the smooth and perfect. In 2018 Grabuschnigg was an awardee of the Berlin Art Prize and in 2016 she received the young artist award from the Federal State Government of Vorarlberg, Austria. Her works have been collected in the State Museum Vorarlberg, the Federal Artothek in Vienna, and the Graphic Collection of the Academy of Fine Arts, Vienna. Born 1987 In Vorarlberg, Austria Lives and works in Berlin Education 2012-2013 MA, Art in Context, UDK University of Arts, Berlin 2012 Guest Studies Media class,
    [Show full text]
  • Austria and Its Culture Facts & Figures
    Austria and its Culture Facts & Figures History of Austria Government Today’s Republic of Austria is a small state, whose Country Name: conventional long form: origins can be traced back into history. Populated since Republic of Austria, conventional short form: the prehistoric times, Austria’s location in the heart of Austria, local short form: Oesterreich, local long Europe means that it has had its share of the continent’s form: Republik Oesterreich historical developments. It evolved from a border region Government Type: Federal Republic into a powerful empire and multiracial state, which Capital: Vienna collapsed at the end of the First World War. In 1918, the Administrative Divisions: 9 states, small, newly proclaimed Republic of Austria had at first (Bundesland, Burgenland, Kaernten, to come to terms with the European environment. Austria Niedersoesterreich, Oberoesterreich, Salzburg, emerged from the Second World War and the sufferings Steiermark, Tirol, Vorarlberg, Wien associated with it as a state that feels secure in its Independence: 1156 (from Bavaria existence and which plays a decisive role in Europe. Legal System: Civil law system with Roman law origin; judicial review of legislative acts by Geography the Constitutional Court; separate administrative Location: Central Europe, north of Italy and Slovenia Area: Total= 83,858 sq km, Water= 1,120 sq km, Land= 82,738 sq and civil/penal supreme courts; accepts km compulsory neutrality Climate: Temperate; continental; cloudy; cold winters with frequent rain in lowlands & snow in the mountains; cool summers with Economy occasional showers GDP: purchasing power parity - $227.7 billion Terrain: In the west & south mostly mountains (Alps); along the GDP per Capita: purchasing power parity - $27,900 eastern & northern margins mostly flat or gently sloping.
    [Show full text]
  • Disposition of Remains Report 2021
    Revised and updated February 2021 New update will be released in January 2024 MEMORANDUM DATE: February 1, 2021 FROM: American Embassy Consular Section Vienna, Austria SUBJECT: CASC: Disposition of Remains Report 2021 TO: Department of State (CA/OCS/ACS/EUR) REF: (a) 7 FAM 260; (b) Disposition Remains Report 2017 Since there has been no change in Austrian regulations and procedures concerning the disposition of human remains, we are submitting below only a revised list of costs. The prices quoted are based on exchange rate of US $ 1.00 equals Euro 0.90. a. LOCAL BURIAL (with ten year lease on grave, renewable) City of Vienna $ 6500 Lower Austria $ 4800 - 7200 Upper Austria $ 4800 - 8400 Styria $ 4200 - 5000 Carinthia $ 4800 - 6000 Burgenland $ 4200 - 6000 Salzburg $ 6000 - 7200 Tyrol $ 6000 Vorarlberg $ 6700 - 8400 b. PREPARATION OF REMAINS FOR SHIPMENT TO THE UNITED STATES Vienna $ 6000 Lower Austria $ 6000 - 8900 Upper Austria $ 6000 - 8400 Styria $ 6000 - 8400 Carinthia $ 4800 - 6000 Burgenland $ 4800 - 7200 Salzburg $ 6000 Tyrol $ 6000 Vorarlberg $ 8900 c. COST OF SHIPPING PREPARED REMAINS TO THE UNITED STATES East Coast $ 2900 South Coast $ 2900 Central $ 2900 West Coast $ 3200 Shipping costs are based on an average weight of the casket with remains to be 150 kilos. d. CREMATION AND LOCAL BURIAL OF URN Vienna $ 5800 Lower Austria $ 9000 Upper Austria $ 3400 - 6700 Styria $ 4200 - 5000 Carinthia $ 5000 Burgenland $ 4200 - 5900 Salzburg (city) $ 4200 - 5900 Salzburg (province) $ 5500 Tyrol $ 5900 Vorarlberg $ 8400 e. CREMATION AND SHIPMENT OF URN TO THE UNITED STATES Vienna $ 3600 Lower Austria $ 4800 Upper Austria $ 3600 Styria $ 3600 Carinthia $ 4800 Burgenland $ 4800 Salzburg $ 3600 Tyrol $ 4200 Vorarlberg $ 6000 e.
    [Show full text]
  • Austria's Constitution of 1920, Reinstated in 1945, with Amendments Through 2009
    PDF generated: 26 Aug 2021, 16:54 constituteproject.org Austria's Constitution of 1920, Reinstated in 1945, with Amendments through 2009 This complete constitution has been generated from excerpts of texts from the repository of the Comparative Constitutions Project, and distributed on constituteproject.org. constituteproject.org PDF generated: 26 Aug 2021, 16:54 Table of contents Chapter I: General Provisions. European Union . 3 Section A: General Provisions . 3 Section B: European Union . 23 Chapter II: Federal Legislation . 26 Section A: The National Council . 26 Section B: The Federal Council . 29 Section C: The Bundesversammlung. 31 Section D: Federal Legislative Procedure . 31 Section E: Participation of the National Council and of the Federal Council in the Execution by the Federation . 35 Section F: Status of Members of the National Council and the Federal Council . 40 Chapter III: Federal Execution . 43 Section A: Administration . 43 1. The Federal President . 43 2. The Federal Government . 46 3. The Federal Security Authorities . 49 4. The Federal Army . 50 5. The Federal School Authorities . 51 6. Universities . 53 Section B: Jurisdiction . 53 Chapter IV: Legislation and Execution by the Laender . 56 Section A: General Provisions . 56 Section B: The Federal Capital Vienna . 61 Chapter V: Self administration . 62 Section A: municipalities . 62 Section B: Other self administration . 68 Chapter VI: Control of Public Accounts and Administration of Public Funds . 68 Chapter VII: Constitutional and Administrative Guarantees . 74 Section A: Independent Administrative Tribunals in the Laender . 74 Section B: Asylum Court . 75 Section C: The Administrative Court . 76 Section D: The Constitutional Court . 79 Chapter VIII: Ombudsman board .
    [Show full text]
  • Green Bond Presentation Hypo Vorarlberg Bank Ag
    FURKAJOCH OVERLOOKING BREGENZERWALD GREEN BOND PRESENTATION HYPO VORARLBERG BANK AG Switzerland, March 2020 CONTENTS 01 HYPO VORARLBERG BANK AG 02 SUSTAINABILITY 03 BRANCH ST. GALLEN 04 GREEN BOND FRAMEWORK 05 IMPACT REPORTING 06 CONCLUSIO 07 APPENDIX HYPO VORARLBERG 01 BANK AG BREGENZER HAFEN, BODENSEE HYPO VORARLBERG AT A GLANCE Largest single banking institution in Vorarlberg Financial data ▪ 713 employees ▪ Earnings before taxes: EUR 73.39 mn ▪ Total assets of EUR 14.3 billion ▪ Cost-Income ratio: 57.56 % ▪ Total capital ratio: 16.35 % Strong distribution channels in our home market ▪ CET1 capital ratio: 13.54 % ▪ 20 branches (16 in Vorarlberg, also active in St. Gallen, Bolzano and Southern Germany) ▪ Leading corporate bank in Vorarlberg ▪ approx. 90,000 retail- and approx. 11,000 business customers Ratings ▪ S&P: A+ (Outlook: negative)* ▪ Moody‘s: A3 (Outlook: stable) ▪ ISS ESG: C (Prime) ▪ DZ Bank seal of quality for sustainability Source: quarterly report of Hypo Vorarlberg as of September 2019 *updated April 2020 4 OUR SHAREHOLDERS 76.8732 % 23.1268 % AUSTRIA BETEILIGUNGSGESELLSCHAFT MBH VORARLBERGER LANDESKREDITBANK LANDESBANK HOLDING LANDESBANK BADEN-WÜRTTEMBERG (LAND VORARLBERG) BADEN-WÜRTTEMBERG FÖRDERBANK HYPO VORARLBERG BANK AG HYPO HYPO VORARLBERG HYPO IMMOBILIEN HYPO IMMO ITALIA HYPO VORARLBERG VERSICHERUNGS- LEASING IN BOZEN, & LEASING GMBH, BOZEN INFORMATIK MAKLER ITALIEN 5 ON THE RIGHT TRACK WITH OUR BUSINESS STRATEGY ORGANIC WEALTH RAISING DIGITALIZATION GROWTH MANAGEMENT PRODUCTIVITY Regions of growth in Expansion
    [Show full text]
  • Vorarlberg in Winter What’S Hot and What’S Ahead in 2017/18 Experience Vorarlberg Real Time #Visitvorarlberg
    Vorarlberg – 100 Shades of White What’s the plan for today? Hitting the slopes? A snowshoe ramble followed by a toboggan ride or mounting to a lodge on foot, with a promise of dazzling views and savoury regional delicacies? A trendy après-ski concert or museum visit? Winter in Vorarlberg in Austria’s very west is as colourful as it gets. A natural scenery of impressing beauty that Thanks to short distances and regional ski night at torchlight, are organised regularly. A string of quaint villages all ooze charm. touches the senses, blending majestic pass networks, you can easily discover Cross-country trails are almost everywhere. At many places, the blend of traditional peaks and gently undulating hills. There is several ski areas. And there is a surfeit of toboggan runs, and contemporary (timber) architecture is a vast choice of excellent ski terrain, man- some even with night-time facilities. eye-catching. aged by highly professional lift companies. If you want to learn skiing, perfect your No wonder, since the art of skiing was dis- technique, or venture on a ski tour, check Vorarlberg ticks all the boxes when it comes Many hotels and holiday apartments also covered here on the Arlberg and further out the next ski school which offers just the to convenience and quality. Your day is manage a skilful mix of trad and mod. developed ever since. An abundance of service you need. The little ones can pract - abuzz with activity. Music gigs are hosted There, you can lodge in sophisticated natural snow and ample artificial snow- ice their first turns in playfully designed at the ski lodges and in some hotels to end surroundings, enjoy heart-felt hospitality, making facilities provide top-notch conditi- surroundings on “magic carpets”, accomp - the day of skiing in style.
    [Show full text]
  • 1 Federalism, Sub-National Constitutionalism, and The
    Federalism, Sub-national Constitutionalism, and the Protection of Minorities Joseph Marko/Austria 1. – 3. The Austrian federal system is a combination of integration and devolution. After the break-down of the Habsburg monarchy after World War I the Austrian Republic was established on the territory of the former German speaking „crownlands“ as a unitary state by a decision of the Provisional National Assembly in October 1918. However, at the same time, the „Länder“, as the subnational units were then called, claimed legislative power on their territories. This was then acknowledged by the Provisional National Assembly in November 1918 and the provisional Länder Assemblies were legitimated as Länder parliaments. Moreover, most Länder declared their „accession“ to the newly created republic in order to demonstrate their original independent statehood and claim for autonomy. These events are interpreted in two different ways until the very day: Whereas the Viennese school of legal positivism is of the opinion that the federal system was created „top-down“ by devolution of the unitary state, the Innsbruck school advocates the conception that the Länder came together to create the federal state „bottom-up.“ With the adoption of the federal constitution in 1920, however, the dominant Viennese school of legal positivism of Hans Kelsen and Adolf Merkl enforced, based on their theory of a hierarchy of legal norms, the conception that all subnational powers are devolved from the federal constitution so that all constitutions of the nine Länder (Burgenland, Carinthia, Upper Austria, Lower Austria, Salzburg, Styria, the Tyrol, Vorarlberg and Vienna) are to be seen as mere delegated law.
    [Show full text]