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Asian Expats in Austria | Asians in Vienna | Bilateral Relations
Austria and Asian-Pacific countries - Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
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
ATB Sold to Chinese Wolong Group
The Austrian ATB company, a former subsidiary of the insolvent A-Tec Group, goes to the Chinese engineering corporation Wolong.
October 19, 2011
Alpine Has Completed „Yellow River Diversion Projekt“ in China
The 25,386-meter Pinglu Tunnel, part of a gigantic water supply project designed to supply China’s dry regions with water from the “Yellow River,” was completed after five years of construction, reported the Austrian constriction company Alpine.
October 19, 2011
Casinos Austria to Enter Vietnam
The Austrian gambling company will operate a casino in a luxury hotel in the Vietnamese capital Hanoi. Further expansions are planned.
October 17, 2011
Palfinger Aims for Growth in China
The Austrian crane manufacturer, which has recently published a capital increase, will use these funds for further investments in China.
October 15, 2011
Binder+Co Presents Promising Technology
The Austrian machine and plant manufacturer and a Chinese partner together developed a new method for production of lightweight materials.
October 13, 2011
NKE Expands in Spite of Stagnation
The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.
October 10, 2011
State Visit: "Huge Potential for Austrian Companies in India"
The Indian President Shrimati Patil absolved a state visit in Austria and met the Austrian President Heinz Fischer and the head of the Austrian Economic Chamber, Christoph Leitl.
October 8, 2011
Kovats Blames Creditors and Penta
Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan
October 4, 2011
Chinese Interest for ATB
After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.
October 1, 2011
TGW Aims for China and Brazil
The Austrian logistics company currently realizes its biggest orders in its history. Moreover, TGW intends to expand substantially.
October 1, 2011
Tiger Coatings Continues Expansion in China
The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.
September 30, 2011
Red Bull Intends to Enter China
The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.
September 27, 2011
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