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

Russia is a New Promising Market for Kapsch

The Austrian technology group has reaped its first contract in Russia. The market has great potential, according to sources from Kapsch.

April 12, 2011

Erste Bank takes over Intermarket Bank

With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.

April 11, 2011

ÖVAG Participates in the Stress Test

Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.

April 9, 2011

Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies

The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.

April 9, 2011

Profit Decline at Zürich Austria

The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.

April 8, 2011

Leitl: "Austria is Very Well Positioned for the Opening of the Labor Market"

Experts estimate immigration potential to be between 15,000 to 25,000 people; gains from migration for Austria, as from 1 May, about € 900m.

April 8, 2011

Hirsch Servo Opens New Plant in Romania

Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.

April 6, 2011

Central Asia as a Region of the Future for the Austrian Export Business

The Austrian Federal Economic Chamber (WKÖ) sees excellent delivery and investment opportunities for the domestic economy in Central Asia.

April 6, 2011

FACC Expands Austrian Establishment

The Chinese aircraft component group accelerates the pooling of development activities at the Upper Austrian establishment.

April 5, 2011

Wienerberger Acquires French Plastic Pipe Business from Alphacan

Alphacan France is a specialist for the development, production and maketing of PVC pipe systems.

April 5, 2011

Strong Year 2010/11 for Keba

The automation company has seen strong revenue growth in the previous year. The growth outlook is positive thanks to new markets.

April 2, 2011

Turkcell Intends to Get Into Austria

The Turkish mobile operator strives for an entry into the Austrian market.

April 1, 2011

Mitterlehner: New Modernization Partnership Concluded with Russia

Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.

April 1, 2011

AWO: "Great Italian Interest in Austrian Steel Know-How"

Foreign Trade Austria (Außenwirtschaft Österreich, AWO), sees good opportunities for domestic firms in Italy's steel industry.

March 31, 2011

Hypo-Group Restructuring to be Completed by 2012

The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.

March 31, 2011

VIG Leaves Russia

The Austrian Vienna Insurance Group accepts the offer to sell its Russian insurance participations.

March 31, 2011

Romania's Premier: "Sale to OMV was a Huge Loss"

Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.

March 30, 2011

Foreign Capital Inflows Make a Comeback to CEE

Foreign direct investments picked up by 9% in CEE; Czech Republic scored best in attracting FDIs, says Erste Group.

March 30, 2011

Alpine: Confrontation with Polish Authorities

Due to the termination of a construction project, a violent dispute has broken out between the construction company and Polish authorities.

March 29, 2011

BP Austria: Sales for € 1.3bn

The British oil company increased its sales last year from € 1.05bn to € 1.3bn. The operating profit quadrupled.

March 29, 2011

€ 110m Project for Andritz

The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.

March 29, 2011

Strabag Awarded for Project in Frankfurt

A subsidiary of the Austrian construction group Strabag, Züblin, is building the "TaunusTurm" in Frankfurt financial district. Construction period ends in 2013.

March 29, 2011

Shares of bwin.party to Start Trading in Vienna

The stocks of bwin.party Digital Entertainment PLC (“bwin.party”), which starts listing on the London Stock Exchange as of 1 April 2011, will also be traded on the Third Market of the Vienna Stock Exchange.

March 26, 2011

Difficult Search for a Buyer for OMV Refinery

The Austrian energy group has tried, so far unsuccessfully, to sell a refinery of its Romanian subsidiary Petrom. Now it will be closed down.

March 25, 2011 · Updated: March 26, 2011; 13:13

AT&S Expands in China

The Austrian electronics company plans to build a € 500m factory in China.

March 24, 2011 · Updated: March 24, 2011; 01:46

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

Dispute between Emirates and AUA

Emirates Airlines accuses Austrian Airlines to work with unfair means against the doubling of Vienna-Dubai flights.

March 23, 2011

Andritz: Order from Finland

The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.

March 22, 2011

Austrian National Bank Expects Tougher "Stress Tests"

The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).

March 19, 2011

ÖBB: Massive Losses in Ireland

The ÖBB had to write off € 260m because of a sale and lease-back transaction.

March 19, 2011

Hypo Group Starts Sales

The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.

March 19, 2011

Awards for Austrian Products at British Food Fair

Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.

March 19, 2011

Lannacher has Delivery Problems with Iodine Tablets

The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.

March 18, 2011

Wienerberger Acquires Belgian Brick Producer

The Austrian brick manufacturer reached the acquisition of facing brick producer Heylen Bricks in Veldwezelt, Belgium

March 18, 2011

Bulgaria: EVN Thermal Power Plant Almost Completed

The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.

March 17, 2011

Bawag: Successful Return to Profitability

The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.

March 17, 2011

Opportunities for Austrian Medical Technology in the UK

An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.

March 17, 2011

Good Prospects for Kärntner Sparkasse

The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.

March 16, 2011

VBI: Romania Remains a Weak Point

The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.

March 16, 2011

Bwin & Party Gaming: Merger Plan Requirements now met in Austria

Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.

March 16, 2011

Lenzing: Demand is Greater than Capacity

The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.

March 15, 2011

AMAG: € 170m Special Dividend before IPO

The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.

March 15, 2011

RLB Upper Austria Intends to Grow in Russia

The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.

March 14, 2011

EPIC: Acquisition of Ukrainian Telekom is arranged

The purchase of the Ukrainian Telekom company by the Viennese financial investor EPIC has been completed. The purchase price is € 946m.

March 12, 2011

Case IH: Increase in Tractor Production

The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.

March 12, 2011

Österreichische Kontrollbank: "There are no Failures to be Feared"

Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.

March 12, 2011

FACC is Considering Going Public in Asia

The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.

March 11, 2011

AWO Presents Business Opportunities for Austrian Companies in China

Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).

March 11, 2011

Orange: Customer Growth and More Profits

The French telecommunications company in Austria managed to increase its profits in Austria despite falling sales.

March 11, 2011

Škoda Increases Efficiency with S&T

The Austrian software company concluded a new IT-system for the Czech car manufacturer.

March 11, 2011