Márton Éder (@martoneder) header
Márton Éder (@martoneder) profile picture

Márton Éder

@martoneder

Vienna bureau chief at Bloomberg. Writing about the Kaiserlich after years covering the Königlich. Views own, RTs ≠ endorsements. https://xitter.gq/t.co/FgXHBtp04x

Joined June 2009
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On paper, Rene Benko's property empire is worth billions. His creditors are about to find out that those valuations are too optimistic. bloomberg.com/news/articles/… via @business
Signa’s Lofty Property Valuations Point to Brutal Pain to Come

Signa’s Lofty Property Valuations Point to Brutal Pain to Come

The Upper West high-rise overlooking Berlin’s bustling Kurfürstendamm shopping boulevard is one of many glittering trophies in the portfolio of Rene Benko’s collapsing Signa, but its robust valuation...

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Rene Benko's personal fortune has likely collapsed after his main holding company filed for insolvency, but like his real estate group, the situation is very opaque. bloomberg.com/news/articles/… via @wealth
Signa Founder’s Billions Evaporate as Empire Sinks to Insolvency

Signa Founder’s Billions Evaporate as Empire Sinks to Insolvency

Rene Benko’s stake in the real estate conglomerate he built is potentially worthless following its insolvency filing.

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Márton Éder retweeted
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Bloomberg
@business16 Nov 2023
A consortium of Signa Development bondholders is assessing whether the company is in breach of debt rules over hundreds of millions of euros they’re owed by other parts of Rene Benko’s retail and property group trib.al/rvyxmBi
Signa Bondholders Probe Whether Debt Rules Broken

Signa Bondholders Probe Whether Debt Rules Broken

Cracks in the retail and property empire of Austrian billionaire Rene Benko are widening two weeks after the firm revealed its cash reserves were drying up.

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Bloomberg Markets
@markets11 Nov 2023
The suspended Elbtower is just one of the sites affected by Signa's financial issues trib.al/ceqlNNV
Billionaire Benko’s Property Woes Risk Leaving Scars in Hamburg

Billionaire Benko’s Property Woes Risk Leaving Scars in Hamburg

A concrete skeleton looming over Hamburg’s harbor was supposed to be the crown jewel of a historic revitalization project, but on a rainy day this week, cranes and forklifts stood still as uncertai...

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Bloomberg
@business7 Nov 2023
Saudi Arabia’s sovereign wealth fund hires law firm Latham & Watkins to advise on the lending it made to Rene Benko’s Signa group, as the Austrian tycoon grapples with a cash crunch trib.al/1Au9paj
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Bloomberg
@business31 Oct 2023
Red Bull heir gets €582 million ($615 million) dividend after inheriting the energy-drink empire from his late father last year trib.al/kr6rd1V
Red Bull Heir Gets $615 Million Payout After Inheriting Company

Red Bull Heir Gets $615 Million Payout After Inheriting Company

Red Bull heir Mark Mateschitz received a €582 million ($615 million) dividend as his first payment since inheriting the energy-drink empire from his late father last year.

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📢THREAD: Today @business has launched Eastern Europe Edition, our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can sing up here: bloomberg.com/account/newsle…
Image from Piotr Skolimowski (@Skolimowski)
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Güterzüge entgleisen, Murenabgänge blockieren den Verkehr. Die Alpen sind immer noch ein formidables Handelshindernis trib.al/avzTvzh

Alpentunnel-Chaos bringt Europas Transportwesen durcheinander

Als ein Erdrutsch westlich von Turin in diesem Sommer einen Alpentunnel zwischen Italien und Frankreich blockierte, wusste Livio Ambrogio sofort, was seine Spedition das kosten würde: Zeit und Geld.

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Hungary is ramping up battery production at the fastest pace on the planet on a per capita basis, but not everyone is happy about that. bloomberg.com/news/features/…
The Mission to Create Europe’s Battery Hub, Whatever the Cost

The Mission to Create Europe’s Battery Hub, Whatever the Cost

Hungary is going all in to become one of the world’s biggest suppliers for EVs, and Viktor Orban won’t let anything get in the way.

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Commerzbank Taps Ex-Erste CEO Spalt as Chief Risk Officer bloomberg.com/news/articles/… via @business
Commerzbank Taps Ex-Erste CEO Spalt as Chief Risk Officer

Commerzbank Taps Ex-Erste CEO Spalt as Chief Risk Officer

Commerzbank AG named the former chief executive officer of Erste Group Bank AG as its new head of risk, in the first major appointment under new Supervisory Board Chairman Jens Weidmann.

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A Hungarian entrepreneur critical of Viktor Orban is acquiring a minority stake in the publisher of @rzeczpospolita newspaper weeks ahead of a tightly contested national election bloomberg.com/news/articles/… via @AlbertoNardelli

Orban Critic Buys Into Leading Polish Newspaper Before Election

A Hungarian entrepreneur critical of Viktor Orban is acquiring a minority stake in the Polish publisher of influential newspaper Rzeczpospolita weeks ahead of a tightly contested national election.

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Sarah Jacob@sarahannjacob4 Sep 2023
A severe supply shortage of rental properties across Europe is forcing young professionals to move in with their parents bloomberg.com/news/features/… via @bbgequality with @AliceKantor @MorwennaConiam @AllegraCa1 Ott Tammik @halmeida5 @martoneder @cagankoc Jessica Loudis
Housing Shortages Turn Rental Apartments Into a Scarce Commodity Across Europe

Housing Shortages Turn Rental Apartments Into a Scarce Commodity Across Europe

Inequality is rising as those who can’t afford to buy property fork out a larger portion of their income on housing.

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Österreichische Firmen sind prädestiniert, ein Stück vom Kuchen des Ukraine-Wiederaufbaus abzubekommen. Wäre da nicht die Nähe zu Russland. trib.al/P22DMi6
Österreichs Geschäftsmodell stößt im Ukraine-Krieg an Grenzen

Österreichs Geschäftsmodell stößt im Ukraine-Krieg an Grenzen

Waagner-Biro Bridge Systems baut seit 160 Jahren Brücken. Die modularen Systeme des Wiener Unternehmens dienen oft als Not- oder Behelfsbrücken über Flüsse und Täler. Angesichts der ukrainischen...

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We wrote about Austria’s geopolitical dilemma and how it’s affecting the prospects for business investments in a region long considered its key market. w/ @virtualnomad bloomberg.com/news/articles/…
War in Ukraine Tests Austria’s Status as Gateway to the East

War in Ukraine Tests Austria’s Status as Gateway to the East

bloomberg.com
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Márton Éder retweeted
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Bloomberg
@business4 Jul 2023
Abu Dhabi and Austria’s OMV are exploring a combination of Borouge and Borealis to create a chemicals and plastics company worth more than $30 billion, sources say trib.al/7E8JQek
Borouge Surges as Abu Dhabi Envisions $30 Billion Chemical Giant

Borouge Surges as Abu Dhabi Envisions $30 Billion Chemical Giant

Borouge Plc surged the most in over a year as Abu Dhabi explores an ambitious plan to use the company to create a chemicals and plastics giant worth more than $30 billion.

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“For the sake of market transparency, we strongly advocate for OPEC to allow journalists from relevant global news outlets to attend.” bloomberg.com/news/articles/…
OPEC Shuts Bloomberg, Reuters and WSJ Out of Oil Conference

OPEC Shuts Bloomberg, Reuters and WSJ Out of Oil Conference

OPEC has canceled accreditation for reporters from three major news organizations to cover a conference in Vienna that will feature the head of BP Plc and the European Union’s top energy official.

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Wien steht eher vor einer langsamen Korrektur seines stark überbewerteten Wohnungsmarktes als vor einem plötzlichen Einbruch der Preise, sagt die OeNB. bloomberg.com/news/articles/… via @BBGaufDeutsch @martoneder
Wien steht vor langsamer Korrektur des überteuerten Wohnmarktes

Wien steht vor langsamer Korrektur des überteuerten Wohnmarktes

Wien steht eher vor einer langsamen Korrektur seines stark überbewerteten Wohnungsmarktes als vor einem plötzlichen Einbruch der Preise. Zu diesem Schluss kommt eine aktuelle Studie der Oesterreich...

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A slump in Vienna home prices is unlikely, according to the Austrian National Bank. A more plausible scenario may be a bout of stagnation after a decade-long boom. bloomberg.com/news/articles/…
Vienna’s Overpriced Property Market May Take Years to Cool Off

Vienna’s Overpriced Property Market May Take Years to Cool Off

Vienna is more likely to face a slow correction to its overvalued housing market than a sudden shock, according to a report from Austria’s central bank.

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Bloomberg
@business5 Jun 2023
An ex-Austrian bank chief wanted in the US over his alleged role in a giant Brazilian corruption scandal lost a bid to halt his extradition from the UK trib.al/KcdMvqB
Banker ‘Lured’ by CIA Loses Fight Against Extradition to US

Banker ‘Lured’ by CIA Loses Fight Against Extradition to US

An ex-Austrian bank chief wanted in the US over his alleged role in a giant Brazilian corruption scandal lost a bid to halt his extradition from the UK.

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Check out our new City Tracker to help track Europe's housing woes 👇 Vienna (not Stockholm) is now at the epicenter 👀 bloomberg.com/news/articles/… via @business @JackSidders @martoneder

Vienna Becomes Epicenter of Europe’s Housing Woes

Bloomberg’s housing tracker shows the Austrian capital is showing some of the steepest declines in Europe

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