Austria and Asian-Pacific countries - Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
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Asian Expats in Austria | Asians in Vienna | Bilateral Relations

Hutchison: Market Share of 30% until 2015

Hutchison Austria, the smallest telecommunication supplier in Austria, wants to become a hard competitor for the market leader Telekom Austria.

September 24, 2012

RHI Demonstrates Optimism

The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.

September 24, 2012

Merger of Hutchison and Orange Still Uncertain

The takeover of Austrian telecommunication operator Orange by the Hong Kong based Hutchison faces legal problems.

September 21, 2012

Alpine Completes First Singapore Subway Tunnel

The Austrian construction company is building six subway tunnels and three subway stations for the Singapore Downtown Line.

September 10, 2012

Palfinger´s Joint Venture in China Starts Operations

The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.

September 3, 2012

Contract award for tolling system in Sydney

Kapsch TrafficCom achieved a contract in Australia. The value for implementation reaches AUD 10 million (about € 8.5m)

August 28, 2012

Crisis in Eurozone: Stepic Is Optimistic

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

August 25, 2012

ATB Enhances Profitability

In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.

August 25, 2012

Hungary: Most Foreign Firms from Austria

In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%

August 7, 2012

Siemens Austria: Major Contract in India

A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).

August 7, 2012

AUA Invests € 80m in Long Distance Flights

Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.

July 30, 2012

Despite Approved Orange Takeover: Deal is Uncertain

Canning Fok, CEO of the Hong Kong-based telecommunication operator is surprised of the announcement oft he authorities to examine the deal between Orange, Hutchison and Telekom Austria thoroughly.

July 30, 2012

Siemens Austria to supply Electrical Works to Indian BMM Ispat

The Indian steelmaker BMM Ispat Ltd. ordered the core systems for an electrical steel plant from Siemens VAI Metals Technologies.

July 23, 2012

OMV: Libyan Output at Pre-War Level

The Austrian oil company could increase its oil production in the second quarter. OMV has to register extraordinary expenses of € 170m.

July 20, 2012

FACC Builds New Technology Center

The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.

July 16, 2012

Austrian Foreign Trade Figures Flattening

After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.

July 12, 2012

Zumtobel Group Strengthens its Presence in China

The Austrian lighting company announces that the newly built factory was opened in Tianjin, China, for road and tunnel lighting. R&D activities in China will be expanded.

July 12, 2012

Economic Report: „Reducing Dependence on Europe“

Today, the Austrian government published ist „Economic Report 2012“.

July 9, 2012

Active Direct Investments Higher than Passive Direct Investments

Austrian enterprises make more investments abroad than foreign countries do in Austria, Austrian Central Bank announced.

July 5, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

New CEO at ATB

Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.

July 4, 2012

„Up to 70% of European Steel Capacities are Endangered“

Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.

July 3, 2012

Orange Sale: EU Commission is Concerned too

After the Austrian Federal Competition Authority (BWB) expressed its concerns about the acquisition of Orange by Hutchison Austria, the EU Commission announces to deepen its examination.

June 29, 2012

Orange Deal: „Federal Competition Authority is Ignorant“

The Austrian Federal Competition Authority (BWB) has to examine the takeover of Orange by Hutchison Austria thoroughly. The patience of all parties is limited.

June 28, 2012

Orange: Takeover Is Questionable

The takeover of the third-biggest telecommunication operator in Austria by the Hong Kong-based Hutchison may fail.

June 22, 2012

Austria´s Exports to Asia on the Rise

Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.

June 21, 2012

Orange Takeover to be Postponed

The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.

June 15, 2012

Austrialian Mining Company Plans to Exploit Lithium in Austrian Alps

Global Strategic Metals NL plans a site with an investment volume of € 125m in Austria. For Austria, the lithium deposits would be a „highly strategic asset“.

June 9, 2012

Slow Growth in Austrian Foreign Trade

January to March 2012: small increase in imports (2.3%) and exports (2.8%).

June 6, 2012

Andritz: Remarkable Order Intake in India

The Indian subsidiary of Austrian Andritz Hydro started 2012 on a promising note by getting a number of new contracts in India and abroad.

June 6, 2012

Austrian Furniture Industry Increases its Exports

In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.

June 6, 2012

„India and China are not the Problems“

Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.

June 5, 2012

Russians Push New Railway Line to Vienna

Russian Railways intends to establish an axis between China and Europe.

June 4, 2012

Solar Heating Specialist TiSUN expands to Asian markets

In 2011 the Austrian company, TiSUN GmbH, established a subsidiary company in Mumbai, TiSUN-EDES Solar (India) Pvt. Ltd., in order to be able to service the vast Asian market more efficiently.

June 1, 2012

State Visit: Fischer in Vietnam

On the occasion of the state visit of Austria´s Federal President Heinz Fischer, the Austrian Chamber of Commerce signed commercial contracts worth € 150m.

June 1, 2012

Austrian Business Location: Further Slump in Competitiveness

According to the Swiss Management Institute IMD, Austria only ranks 21th among 59 analyzed countries. The Austrian tax policy is the absolute weak point.

May 31, 2012

Efkon Strengthens its Market Position in India

New projects in India which were won by the Austrian toll solution supplier are worth approx. € 10m.

May 23, 2012

Red Bull Still Waits for China

The Austrian energy drink producer aims to enter the Chinese market but still waits for the approval by Chinese authorities.

May 16, 2012

ATB Records Mixed Results

In spite of stagnating revenues the Austrian subsidiary of Wolong Group recorded an increase of 50% in operating results. Net income was down, though.

May 11, 2012

Hungarian Bank Tax May be Abolished

The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.

May 10, 2012

Strong Growth at Palfinger

Revenue and EBIT increased by another 17 per cent. The Austrian crane manufacturer expects a moderate growth trend in 2012.

May 10, 2012

RHI to Acquire Orient Refractories?

The Austrian refractory manufacturer is said to take over the Delhi bases Orient Refractories. The target company denies the rumor.

May 7, 2012

Miba Continues Strong Growth

The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.

May 3, 2012

Cross Industries Still in the Red

Due to interest expenses, the Austrian industrial holding company recorded losses of € 4.5m after € 4.8m in 2010.

April 30, 2012

Austria Strengthens Political and Economic Cooperation with South Asia

The Austrian State Secretary Wolfgang Waldner attends 19th EU-ASEAN Ministerial Meeting in Brunei.

April 30, 2012

Frauenthal Sells Division to Japanese Ibiden

The Austrian Frauenthal Group reached an agreement with Japanese Ibiden Group on the sale of its Industrial Honeycombs division.

April 26, 2012

OMV Raises Production

Due to the economic recovery in Libya, the Austrian oil and gas group OMV increased Oil production.

April 24, 2012

RHI Pursues Growth Strategy in India

The Austrian RHI AG, the world’s biggest maker of fireproofing ceramics, is pursuing a takeover in India and may start a joint venture in Russia to expand its global reach.

April 21, 2012

Where is Austria´s Gold?

The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.

April 10, 2012

Free Float at KTM Declines

The Austrian motor-cycle manufacturer has a free float of only 2.9%. The two main shareholders are CEO Stefan Pierer and the Indian Rajiv Bajaj.

April 6, 2012