Sponsored Content
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
Orange-Deal: Additional Contribution Threatens
France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.
February 22, 2012
Expansion of the Board of ATB
The Management Board of ATB Austria Antriebstechnik AG was enlarged: the British national Ian Lomax becomes Chief Operating Officer.
February 21, 2012
Market for Solar Power Shrinks
The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.
February 20, 2012
KTM With Satisfying Results
The Austrian motorcycle manufacturer could increase turnover by 13.4%. EBIT was up by 7.6%, net profits rose by 30.2%.
February 16, 2012
Austerity Package Brings Burden of € 900m for Companies
The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.
February 14, 2012
Major Order for voestalpine
The automotive division of the Austrian steel group received orders worth € 700m.
February 14, 2012
Bulgarian Vivacom: Telekom Austria Has Only Outside Chances
The second-largest Bulgarian telecommunication enterprise is for sale. Telekom Austria is still interested, in spite of dismal prospects.
February 14, 2012
AUA to Withdraw from Mumbai
Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.
February 13, 2012
A-Tec´s Quota to Reach 30%
In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.
February 10, 2012
SLR Group Plans Major Increase in Sales
The Austrian foundry company expects to realize sales of 60m in 2011/12. In the first half year, sales were up by 24%.
February 9, 2012
Innovation Index: Austria Falls Behind
Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.
February 7, 2012
Euro-Crisis: Austrian Managers are Optimistic
In spite of the current euro-crisis, most Austrian managers believe that the currency will remain. Moreover, a deepening of the cooperation between EU-member states is expected.
February 6, 2012
„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
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
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
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
Fast News Search
This category only
