Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
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Vienna's Foreign and Bilateral Relations

German IVG is also Active in Austria Now

IVG Immobilien AG (IVG), the largest German real estate fund company, acquired the Austrian Hypo Real Invest in January 2011, changing its name to IVG Austria AG, with headquarters in Vienna.

May 12, 2011

Romania Offers Export Opportunities for Austria's Environment Industry

18 top Austrian companies active in the areas of environmental technology and renewable energies are present in Bucharest.

May 12, 2011

Immofinanz Closes Acquisition in Moscow

The Austrian real estate group takes over 100% of the GoodZone.

May 11, 2011

Inspections at German Subsidiary of voestalpine AG

Inspections by German Federal Cartel office at voestalpine Klöckner Bahntechnik GmbH.

May 11, 2011

WIFI International: Partnership with TOBB University of Ankara

The Austrian (WKÖ) and the Turkish (TOBB) Economic Chambers have signed a Letter of Intent for an educational partnership with WIFI.

May 11, 2011

Siemens Manufactures Parts for a New Train Generation in Graz

Siemens manufactures components for 130 new trains for the Deutsche Bahn (DB-German Railways) until 2030 in Graz. The contract is worth € 6.0bn.

May 11, 2011

Bosch Group Continues Growing in Austria

Bosch has had a good start in Austria in its anniversary year 2011 and continues having favorable growth prospects. Sales rose by 9%.

May 11, 2011

Radovan Jelasity appointed CEO of Erste Bank Hungary

Radovan Jelasity (43) will join Erste Bank Hungary as of 1 June 2011. Subsequent to the approval of the respective Hungarian authorities, he will be appointed Chief Executive Officer (CEO).

May 10, 2011

Austria's Energy Industry Considers the U.S. as a Promising Market

The U.S. market offers opportunities for Austrian technology in solar systems, pellet stoves, biogas, biomass and software to control wind turbines

May 10, 2011

RBI Joint Bookrunner for € 1.75bn Bond

The bond, which is issued by Banca Monte dei Paschi di Siena, is the second largest EUR-denominated senior unsecured issue by an Italian bank in 2011

May 10, 2011

Oracle Partners with Linz University

The U.S. software giant opens a research laboratory at the Johannes Kepler University in Linz.

May 10, 2011

Raiffeisen International Bank Intends to Get Further Involved in Poland

After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.

May 10, 2011

Atrium Strengthens Polish Portfolio

Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.

May 9, 2011

Infineon Makes an Investment for € 200m in Austria

The German technology group has announced that it intends to create 400 new jobs in Austria. The semiconductor production is to be expanded.

May 7, 2011

BDI Receives Major Order in Germany

Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.

May 6, 2011

Austria's Solar Industry Strives For Technological Leadership

The domestic solar energy industry calls for more research funding to ensure the continuation of success achieved also into the future.

May 4, 2011

Leitl: "Austria was the Largest Investor in Turkey in 2010"

WKÖ President Leitl pointed to the intense economic links between the two countries during the state visit of Turkish President Abdullah Gül to Austria.

May 4, 2011

Immofinanz Strives for Presence in Russia

The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.

May 3, 2011

VIG Re: Significant Improvements in Results

The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.

May 3, 2011

Tondach Gleinstätten is Awarded Exclusive Contract in Russia

Tondach Gleinstätten AG is awarded the contract for the supply of roofing materials for the Olympic project "Sochi 2014”

May 3, 2011

S&T Announces Group Results - Down in the Red

Consolidated revenues of the S&T Group in 2010 amounted to € 351 m, down from € 385 m in the previous year.

April 30, 2011

voestalpine Awarded Major Contract in London

20.000 tons of pre-cut heavy-plate shapes from Linz, Austria, for windpark near London. Offshore wind tower project saving up to 560,000 tons of CO2 emissions.

April 30, 2011

Doppelmayr Scores € 105m Contract

Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.

April 29, 2011

WKÖ Considers Nevada as Optimal Trading Partner

Nevada is diversifying towards renewable energies: huge opportunities for Austrian companies are expected.

April 29, 2011

Austria´s Economy Performed Better than EU-average During Crisis

The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.

April 28, 2011

Vienna Insurance Group Launches new ADR Programme in the US

The Vienna Insurance Group AG Wiener Versicherung Gruppe is grouping the independent American Depositary Receipt (ADR) programmes.

April 28, 2011

OMV Starts Operations in Tunisia

El-Badr-5 is the first OMV operated production well to go into operation with a production of 1,500 boe/d. Durra production concession has been granted. Both assets were part of the Pioneer portfolio acquired earlier this year.

April 27, 2011

Erste Group: Slight Increase in Profits Expected

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

April 27, 2011

"Austria has Lost its Chance"

The labor market opening of Austria for the more recent EU member states comes too late, according to the manufacturing industry.

April 27, 2011

New High for Austria´s New Indebtedness

Austria´s budget deficit for 2010 is at 4.6%, which is the highest one in the last 15 years. However, the average of EU-countries is even higher.

April 27, 2011

According to its Employees, S&T is “Ripe for Bankruptcy"

The leadership of the troubled Viennese IT company is trying to hide an impending bankruptcy according to the company’s employees.

April 27, 2011

OMV: No Increase in Share on Petrom

The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.

April 27, 2011

Solid Delivers Solar Technology to the U.S.

The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.

April 23, 2011

Trenkwalder Gets Fresh Capital with Droege Capital

German Droege Capital GmbH acquires the majority stake in the Austrian employment agency Trenkwalder International AG.

April 23, 2011

Texas Offers Opportunities for Austria's Energy Industry

Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.

April 22, 2011

WKÖ on Mongolia: "A Country with Development Potential"

The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.

April 21, 2011

Kapsch TrafficCom IVHS and Federal Signal Corporation enter into Cooperation for North America

Kapsch TrafficCom IVHS Corp. ("KTC ,IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding regarding ways in which the two organizations mutual business interests in North America.

April 20, 2011

Verbund Subsidiary Sorgenia Managed Turnaround

The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.

April 20, 2011

Record Results for Arcotel Hotel

ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.

April 20, 2011

Warimpex to launch a Private Placement of Convertible Bonds

The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".

April 20, 2011

GATX Rail Europe Announces Entry into Turkish Marketplace

The Vienna-based GATX Rail Europe today announced its entry into the Turkish marketplace with the deployment of newly-manufactured railway tank wagons.

April 18, 2011

"Austria Has a Historical Chance to Become Europe’s Logistics Hub"

Sources from the transport industry consider that Austria offers potentials, mainly in the Danube and rail traffic.

April 16, 2011

Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna

The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.

April 16, 2011

OMV: No Sale of Stake in Borealis

The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.

April 15, 2011

Immofinanz Opens Tenth Retail Park in Slovakia

STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.

April 15, 2011

Strabag Expands its Activities in Hydraulic Engineering Sector

The Austrian construction company acquires 100 % of the German civil hydraulic engineering firm Ludwig Voss, Cuxhaven.

April 14, 2011

ÖBB Promote Construction of the Brenner Tunnel

After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.

April 14, 2011

Vienna Harbour is Cooperating with the Port of the Emirate of Sharjah

In future, the ports of Vienna and the Emirate of Sharjah intend to cooperate more strongly. An agreement to this end was signed on Monday at the port of Vienna.

April 14, 2011

Cargo-Partner Invests 21.5 Million Euro in Slovakia

The Austrian shipping company cargo-partner sets up a logistics center in Slovakia. The first phase - a 7,300 m² large warehouse of 30,000 square meters - will be finished in early 2012.

April 13, 2011

Austria's Labor Costs above EU Average

An hour of work costs an Austrian employer an average € 28.00 - six euro more than the EU average.

April 13, 2011
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