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Raiffeisen Research has removed SBO from its Top Picks list, citing a lack of support for energy stocks due to current oil price forecasts and uncertainties in future oil production projects. The updated list includes companies such as 3M, Allianz, Amazon, and Microsoft, among others. Verbund, Austria's leading electricity company, is a major player in hydropower generation and has been publicly listed since 1988.
Raiffeisen Burgenland has launched a network of energy cooperatives in Austria, achieving 100% coverage in Burgenland. This initiative integrates fast charging stations into the cooperatives, utilizing surplus electricity for e-mobility, offering significant savings for cooperative members. The model will expand to other regions by 2025, promoting sustainable and affordable mobility across Austria.
Tibbloc, a rental company specializing in energy solutions, has been acquired by Gimv, which now holds a majority stake alongside the founders. Founded in 2007, Tibbloc has grown from 70 employees and €19 million in sales to 120 employees and projected sales of €40 million by 2024, with plans to double this figure in five years. The company focuses on providing temporary rental solutions across various sectors, emphasizing low-carbon options and recent acquisitions to expand its service offerings.
Thomas Koch, Sales Manager at Raiffeisen Bausparkasse for 22 years, highlights the dynamic nature of sales, achieving over 6.5 million home loan and savings contracts. Despite current challenges in real estate financing, he remains optimistic about a market recovery by 2025, emphasizing the importance of expertise and digital solutions in navigating complexities.
Daniel Raemy, with extensive experience in private banking, partnered with Panattoni to establish the Newport Logistics Fund, focusing on high-quality logistics properties across Europe. Since its inception, the fund has successfully invested in eight projects, with Fund III launched in September 2024, targeting 300 million euros in equity for at least ten new logistics developments. Investors can expect a competitive yield of 15 percent net per year, benefiting from a robust market position and strategic partnerships.
Pig slaughtering in the EU increased by 0.7% to 146 million from January to August 2024, with pork production rising by 1.9% to 13.9 million tons, indicating a halt in the previous downward trend. Pork exports stabilized at 2.50 million tons, with China reducing its purchases by 7.3%, while significant increases were seen in exports to the Philippines, South Korea, Vietnam, and the USA.
International tickets can now be purchased via the SBB app, simplifying the booking process for Swiss travelers. However, users may encounter issues with the Half-Fare Plus payment option and face higher prices due to outdated exchange rates, which are only adjusted sporadically.
Ukrainian banks are set to sign a joint memorandum to standardize financial monitoring practices, addressing issues like tax evasion and illegal payment schemes. Raiffeisen Bank's head emphasized the importance of separating financial monitoring from banking secrecy to maintain public trust. The National Bank of Ukraine is pushing for stricter regulations to combat misuse of financial systems while aligning with EU standards.
René Benko, the founder of Signa, faces an arrest warrant issued by the public prosecutor's office in Trento, Italy, amid a sweeping investigation into corruption and illegal party financing. He is among over seventy suspects linked to fraudulent real estate transactions, including unlawful building permits. A close associate of Benko and the mayor of Riva del Garda have already been placed under house arrest.
Raiffeisen, ÖAMTC, and Siemens have launched a pioneering e-charging initiative in Burgenland, integrating charging stations into local energy cooperatives to enhance efficiency and sustainability. Members enjoy significant discounts, promoting both e-mobility and local value creation. Plans to expand this model across Austria are set for 2025, emphasizing the crucial role of municipalities in combating climate change.
AUT
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Raiffeisen Research Removes SBO from Top Picks Amid Oil Market Uncertainty
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sbb app introduces international ticket booking but faces exchange rate issues
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