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

„3“ Wants to Retain „Aggressive Competition“

The Hong Kong-based Hutchinson Whampoa Group, which operates the telecommunication service supplier “3” in Austria, took over the competitor “Orange”. However, “3” keeps its “aggressive” style.

February 4, 2012

Palfinger to Enter China in 2012

The Austrian crane manufacturer plans to enter the Chinese market in the first half of 2012. China will become the biggest market for Palfinger, says CEO Ortner.

February 4, 2012

Gebauer & Griller to Expand Supply in India

The Indian subsidiary of the Austrian automotive component supplier Gebauer & Griller expands its production line.

February 3, 2012

Hutchinson Takes Over Orange

The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.

February 3, 2012 · Updated: February 3, 2012; 13:23

Palfinger: Rise in Sales and Profits Expected

Tomorrow, the Austrian crane manufacturer Palfinger presents figures for the financial year 2011. Sales are estimated to grow by 30%, net results should reach € 40m.

February 2, 2012

RBI Structures Credit Facility for Chinese Company

Austrian Raiffeisen Bank International (RBI) finances delivery of the plant by Andritz-Group for Chinese Ganzhou.

February 1, 2012

voestalpine Concluded Largest Single Contract to Date

The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.

January 27, 2012

KTM to Enter India

Together with its Indian partner, the Austrian motor-bike producer KTM aims for entering India.

January 25, 2012

Moderate Growth at Darbo

The Austrian jam producer Darbo could continue ist growth course in 2011. Sales were up by 2.5%.

January 23, 2012

TGW to Expand in China and Brazil

The Austrian storage logistics supplier gained a first contract from China after having established a distribution company. In Brazil, TGW agreed on a joint venture.

January 20, 2012

Binder Creates New Technology Company

Binder+Co AG has started the 2012 financial year with the foundation of a new subsidiary in the shape of Bublon GmbH. Binder+Co Group now consists of a total of four companies.

January 16, 2012

Hutchinson Acquired Orange

The Chinese telecommunication operator takes over Frenche Orange. The acquisition price totals € 1.0bn.

January 14, 2012

Zotter Sounds Chinese Market

The Austrian chocolatier Josef Zotter wants to offer his products to Chinese customers. A market entry is considered.

January 11, 2012

Agrana Sues Chinese Yantai North Andre Juice.

The Austrian sugar and starch company claims $ 9.8m from the Chinese Yantai North Andre Juice.

January 9, 2012

T-Mobile and Hutchinson 3G Become Partners

The Austrian subsidiary of the German T-Mobile and the Chinese Hutchinson 3G closed an agreement over a long-term grid partnership.

January 5, 2012

Pollmann China Doubles Production Area

The Austrian automotive supplier company expands its activities in China.

January 2, 2012

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Growth Potential for Semperit

The Austrian synthetic product manufacturer already recognizes the weakening of the business cycle. However, investments will not be reduced. The BRIC countries are seen as future markets.

December 27, 2011

Siemens Austria Expands in China

Siemens Metals Techologies enlarges its production facilities in China. Investments of $ 80m are expected.

December 14, 2011

Wolong Holds 98.8% in ATB Austria

The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.

December 13, 2011

Orange-Sale to Chinese Hutchinson Uncertain

The sale of the Austrian subsidiary of France Télécom is not fixed yet. Negotiations already run for four months.

December 12, 2011

OMV and Shell Set to Survey Off Great South Basin

The British-Dutch Shell Group and the Austrian OMV Group start research works near New Zealand.

December 12, 2011

Magna to Develop Luxury Cars in Styria

The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.

December 10, 2011

Siemens VAI Receives Order from India

The Indian JSW Steel placed a major order at the Austrian Siemens VAI.

December 8, 2011

Austrian Foreign Trade Deficit on the Rise

From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.

December 7, 2011

Only Small Increase in Exports in 2012

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

December 6, 2011

Vienna Has the Best Living Standard

The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.

November 29, 2011

Strabag Wins New Orders for Environmental Technology Division

The Austrian construction group secured new business worldwide. The total volume is € 110m.

November 29, 2011

Share Repurchase at Palfinger

The Management Board of the Austrian crane manufacturer resolves to exercise its authorization to acquire own shares. The maximum contingent is € 10m.

November 26, 2011

Leitl Promotes Exports to BRICS-Countries

The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.

November 22, 2011

Conference on European Economic Integration

“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.

November 18, 2011

Strabag Subsidiary Wins Contracts in India

EFKON, an Austrian supplier of toll systems has been awarded for contracts in India worth € 6.5m.

November 16, 2011

Lenzing: Strong Rise in Profits Expected

For analysts, the Austrian fiber manufacturer Lenzing will report highly satisfying results. Sales, earnings as well as profits should increase.

November 12, 2011

ATB Posts Loss due to Court Ruling

The former subsidiary of A-Tec lost a lawsuit and has to pay € 13.4m. EBIT amounted to € 6.1m in the period July to September.

November 11, 2011

Intercell Receives Approval for Vaccine in India

The Austrian pharmaceutical company achieved an important milestone in the roll-out of its Japanese Encephalitis vaccine in endemic countries.

November 10, 2011

OeNB and People’s Bank of China Sign Investment Agreement

The agreement enables the Austrian National Bank to Invest via PBC in Renminbi-denominated assets.

November 10, 2011

Red Bull Aims to Sell 4.6bn Cans

The Austrian energy drink producer wants to realize further growth. About one third of Red Bull´s budget goes into marketing.

November 5, 2011

China Entry: Palfinger Under Pressure

In order to ensure the internationalization strategy, the Austrian cranes manufacturer is expected to show improvements in entering the Chinese market.

November 5, 2011

Austrian Trade With China to Double

On the occasion of the state visit of the Chinese President Hu Jintao, the Austrian Minister of Economics stated to aim a deepening of the bilateral economic relations.

November 1, 2011

State Visit: Hu Jintao in Austria

The Chinese President Hu Jintao arrived in Austria. Today the official meetings with the Austrian President Heinz Fischer and the Government will take place.

October 31, 2011

Full Order Books For VTA

The Austrian water technology company expects a substantial rise in sales for 2012. Recently an order from Indonesia has been recorded.

October 30, 2011

Chinese Companies Looking for Investment Opportunities in Austria

China’s President Hu Jintao comes for a state visit and is accompanied by a 160-member business delegation.

October 28, 2011

AUA Remains in the Red in 2011

The Austrian carrier improved its operating profit by 30% in the third quarter 2011. A positive result, however, will not be achieved in the full year.

October 27, 2011

R&D Expenses on the Rise

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).

October 24, 2011

Lenzing Expands Capacities in China

The Austrian fiber manufacturer experiences still strong growth in China. Investments will rise significantly too.

October 24, 2011

Leitl Deepens Relations to Chinese Province Jiangsu

The Austrian President of the Economic Chamber regards the Chinese province Jiangsu as an important export market and trading partner.

October 22, 2011

Victory AG Sold to China

The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.

October 22, 2011

AT&S: Massive Investments in China

The Austrian manufacturer of conductor boards will invest € 600m for its factory in the Chinese Chongqing.

October 22, 2011

Austria Ranked 32nd in the “Doing Business 2012” Ranking

Doing Business 2012: Doing Business in a More Transparent World assesses regulations affecting domestic firms in 183 economies.

October 20, 2011

AT&S Reports Solid Quarterly Results

The Austrian technology company achieved record sales of € 131.4m in the second quarter. A new sales office in Taiwan will be opened soon.

October 20, 2011