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Vienna's Foreign and Bilateral Relations
Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
FACC Builds New Technology Center
The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.
July 16, 2012
Further Increase in Austrian National Debt
Due to the European debt crisis, Austria´s public debt level will increase from 72.2% to 74.7% of the country´s GDP.
July 16, 2012
“The time has come to design the EU of the 21st century”
„Europe – Quo Vadis?“ The Austrian Foreign State Secretary Waldner opens the Forum Europe in Styria with a keynote speech.
July 16, 2012
CA Immo: Success in Berlin and Munich
The Austrian real estate company has sold extensive land reserves in Berlin and has concluded further rental contracts in Munich for the Skygarden office building.
July 16, 2012
Poland Not to Enter the Eurozone Soon
For the time being, Poland will keep the Zloty. After the Eurozone has managed the current crisis, an accession is conceivable, Foreign Minister Radoslaw Sikorski says.
July 14, 2012
Income Grows Slower Than GDP
For years, the increase in wages and salaries is lower than the rise in company profits.
July 14, 2012
Sberbank to Provide € 300m for VBI
The Russian Sberbank intends to inject € 300m into the Austrian VBI (Volksbank International). Growth into the CEE region should be promoted.
July 13, 2012
Kapsch: Poland Showing Excellent results
Revenue for Poland of over € 178m, investments amortized after only 18 months
July 13, 2012
Schuler Recommends Accepting Takeover Bid by Andritz
The Board of Management and the Supervisory Board of the German engineering company recommend that shareholders accept the takeover bid issued by Andritz. A Bid price of € 20.00 per share is deemed to be fair.
July 12, 2012
Zumtobel Group Strengthens its Presence in China
The Austrian lighting company announces that the newly built factory was opened in Tianjin, China, for road and tunnel lighting. R&D activities in China will be expanded.
July 12, 2012
Crossing Borders - Expectations towards Europe
From Date: Saturday, September 1, 9:00 am to 2:00 pm, the Alpbach Closing Event “Crossing Borders - Expectations towards Europe” takes place.
July 12, 2012
Fischer Wants to Check ESM
Austria´s Federal President Heinz Fischer does not sign the ESM approval by the Austrian Parliament yet. „I am not under time pressure.“ he says.
July 11, 2012
Stable Outlook for Austrian Industrial Sector
Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.
July 11, 2012
„No Austerity Measures in the Czech Republic“
The Vienna Institute for International Studies underlines that the Czech Republic´s financial situation is very stable at the moment. Austerity policies would not be required.
July 11, 2012
WSE Remains European Leader by Number of IPOs
Warsaw Stock Exchange is the leader by the number of IPOs and Europe’s third market by the value of IPOs in Q2 2012.
July 11, 2012
Austrian Banks Fulfilled EBA Requirements
The European Banking Authority published today an overview report on the implementation of the capital exercise. The vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1).
July 11, 2012
Poland: Alpine Excluded from Tendering Procedure
After a dispute with Polish authorities, the Austrian construction company Alpine has been excluded from the tendering procedure of the national highway S8.
July 10, 2012
Austrian Industry Urges Government to Continue Austerity Policies
The Austrian government has to perform its job in order to retain competitiveness and economic growth in future. Finance Minister Fekter is highly satisfied with the government´s economic report.
July 10, 2012
Schlecker Austria Sees High Probability of Takeover
The insolvency manager of the German chemist chain Schlecker sees a favorized potential buyer for Schlecker Austria.
July 9, 2012
ESM Approved by Austrian Parliament
The controversial European Stability Mechanism was ratified by the Austrian National Council. The right opposition parties criticized the approval massively.
July 6, 2012
Railway Cartel: € 8.5m Fine for voestalpine
The steel group participated in a railway cartel in Germany. The cartel proceedings are finished now.
July 5, 2012
Alpbach Forum “Lobbying and Networking in the European Union”
From Saturday, August 25, 9:00 a.m. to Sunday, August 26 1:45 p.m, the Alpbach Forum will deal with lobbying and networking in the EU.
July 5, 2012
Austria Leads European Employment Rankings
Regarding regional unemployment and total unemployment, Austria ranks first. The youth unemployment rate is the second-lowest in the EU.
July 4, 2012
New CEO at ATB
Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.
July 4, 2012
Austrian Companies Exhibiting at Farnborough Airshow
Farnborough International Airshow is the world's most iconic global aviation event and one of the most important exhibitions in the aerospace industry worldwide.
July 4, 2012
Austrian Delta Bloc UK Wins British Precast Innovation Award
Delta Bloc UK, have been awarded British Precast’s Innovation award for 2012 for their Precast Concrete Road Safety Barrier project on the M4 in South Wales.
July 4, 2012
Austrian Companies at Semicon West
Strong presence of Austrian Companies at the biggest event for the global microelectronic industry.
July 3, 2012
Austrian Airlines: Operated by Tyrolean
The transfer of undertakings is completed. About 2,000 AUA staff members shifted to the regional airline Tyrolean.
July 3, 2012
Banking Supervision: Satisfaction and Criticism
Austrian Members of the European Parliament welcomed the decisions taken by the euro summit. By contrast, the opposition party FPÖ criticizes the result as „final step towards a debt union“.
July 3, 2012
„ECB as Only Supervisor Not Likely“
OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.
July 2, 2012
C-Quadrat to Acquire UK Fund Management Company
The Austrian Investment Fund intends to take over the British BCM Group, which manages assets of € 800m.
July 2, 2012
Austria Ratifies ESM
The government parties SPÖ and ÖVP got support by the oppositional Green Party. The remaining opposition parties criticized the „loss of sovereignty“ massively.
July 2, 2012
Boom in New Listings at Prague Stock Exchange
The CEESEG member Prague Stock Exchange is pleased about new listings despite the current economic crisis.
July 2, 2012
„Good Prospects“ For Schlecker Austria
The insolvency manager of the bankrupt German chemist chain views „promising talks with potential investors“.
June 30, 2012
London Cable Car Put Into Action
This week, the official opening of the 'Emirates Air-Line' (London Cable Car) took place. The cable car was produced by the Austrian manufacturer Doppelmayr and the Swiss partner Garaventa.
June 29, 2012
Austria Connect 2012 in Washington D.C.
From September 13, 2012 to September 15, 2012 the Austrian Trade Commissions will hold its conference in Washington D.C.
June 29, 2012
VIG Completed Polisa Life Acquisition in Poland
The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.
June 28, 2012
Austrian Presence at Intersolar North America
Austrian companies will show their new innovations in San Francisco, California on July 10 – 13.
June 28, 2012
Spindelegger: „Austria Must Delegate Competencies“
The Austrian Vice Chancellor and chairman of ÖVP Michael Spindelegger wants the centralize the European Union.
June 27, 2012
Leitl: „Securing Austria´s Top Ranking“
WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.
June 27, 2012
Austria Still Blocks Agreement on Taxation of Interest Income
The Commission of the European Union wishes Austria to give up its blockade against a reform of the direction on the taxation of interest income. Austria stands by its oppositional attitude.
June 27, 2012
EU Discusses Growth and Employment Pact
Austria´s State Secretary Waldner at the General Affairs Council in Luxembourg: „Putting and end to the negative spiral“.
June 27, 2012
Austria Among More Expensive EU Countries
In 2011, the price levels varied from 51% of the EU27 average in Bulgaria to 142% in Denmark. Austria came at 107%.
June 26, 2012
Dismal Prospects for Schlecker Austria
An insolvency of Schlecker Austria seems likely. A sale to MTH is still uncertain.
June 25, 2012
Investment Attractivity: Poland Ranks Second
According to Ernst & Young, the most attractive location for investments in Europe is Germany, which is followed by its Eastern Neighbour Poland.
June 25, 2012
Albrecht: „We Will Remain Austrian“
AUA´s CEO explains that about 80% of the reorganization of Austrian Airlines has been achieved. The airline would be on the right way, Albrecht affirmed.
June 23, 2012
Alpine Establishes Joint Venture with German RGM
Alpine establishes the AFM - Austrian Facility Management joint venture with Germany's RGM.
June 23, 2012
Pankl: Major Contract of U.S. Subsidiary
Pankl Racing Systems AG - Sikorsky and Pankl Aerospace Systems enter into new long term supply agreement (Multi-Year VIII Contract).
June 22, 2012
Government´s Plans on Bank Insolvency Law Failed
The Austrian government initially planned to initiate a bank insolvency law in order to liquidate financially stricken banks without major difficulties. Now, the plan has failed.
June 22, 2012
Chemical Industry Warns of Investment Stop
Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.
June 22, 2012