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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
Lufthansa Claims Exemption of Air Ticket Tax
In order to restructure the Austrian loss making subsidiary AUA, the German airline pushes the Austrian government to abandon the air ticket tax.
March 17, 2012
Microsoft Austria Defends First Rank at „Great Place to Work“
In 2012, the U.S. software company is again the best employer among companies beyond 250 employees.
March 17, 2012
Atrium Considers Secondary Listing on the Warsaw Exchange
The Vienna-listed, Jersey-based real estate company reviews a secondary listing at Warsaw Stock Exchange.
March 16, 2012
30% in AMAG Sold to B&C Industrial Holding
One Equity Partners (OEP), a subsidiary of JP Morgan, sold a major stake in the Austrian aluminum company to B&C Industrial Holding.
March 16, 2012
Raiffeisen Places Chinese Bonds
The Austrian bank places 750 million yuan in first sale dim sum bonds.
March 16, 2012
Bawag Underlines its Profitability
The Austrian bank, which is owned by the U.S. investment fund Cerberus, could report profits before taxes of € 156m. Against 2010, this is a rise by 13%.
March 16, 2012
Doubt About Austerity Package
Austria´s Finance Minister Fekter had to defend the government´s austerity package again. Experts are in doubt about the successful implementation.
March 15, 2012
B&C Holding Interested in 30% AMAG Stake
The industrial holding aims for entering the aluminum producer AMAG. RLB Upper Austria is interested too.
March 15, 2012
Lufthansa Grants Capital Injection to AUA
The German Airline raises the capital of the loss-making subsidiary by € 140m with reservations.
March 15, 2012
Haselsteiner Buys 15% Stake in Conwert
Hans-Peter Haselsteiner, CEO of the Austrian construction company Strabag, buys a 15% stake in the Austrian real estate supplier Conwert. The seller is the London-based Petrus Advisers LLP.
March 14, 2012
Austria Is Concerned About UK´s Human Rights Reform
UK´s Prime Minister David Cameron intends to reform the European Court of Human Rights. Austria said it had “serious concerns” about his ideas.
March 14, 2012
AUA Prepares Transfer of Undertakings
Austrian Airlines increases pressure on its aircrew. The deadline to negotiate the new collective agreements was extended again by one month.
March 14, 2012
Voestalpine Closes TSTG Schienentechnik
The shutdown of German TSTG is due to a “lack in efficiency”. Because of the current cartel proceedings, the Austrian steel company has to build provisions of € 205m.
March 13, 2012
CEE Exchange “Open to Merger of Equal”
The CEE Stock Exchange Group, which includes bourses in Vienna, Budapest, Prague and Ljubljana, said it’s open to holding “merger of equals” talks with the Warsaw Stock Exchange (GPW), its biggest rival.
March 13, 2012
Palfinger Puts Effort Into China Entry
The Austrian crane manufacturer announced its joint venture with the Chinese partner Sany at the Austrian Federal Competition Authority (BWB).
March 13, 2012
Ascom Divests its Security Communication Business in Austria
The Swiss IT solution provider sells its subsidiary Ascom Austria Ges.m.b.H. in a management buy-out to the current Managing Director Peter Bernhofer.
March 13, 2012
AUA: Negotiations Failed
Negotiations between Austrian Airline´s management and the aircrew representation ended without any concrete results. Yesterday, the workforce seemed to be willing to reach a compromise.
March 13, 2012
GDP per Capita: Vienna Ranks 11th
In 2009, Austrian regions remained above average in terms of regional GDP per capita in the EU.
March 13, 2012
AUA: Compromise May Be Reached
After weeks of negotiations, the works council at Austrian Airlines seems to make concessions to the management. Tomorrow, the deadline expires.
March 12, 2012
Red Bull Not Interested in Monster Beverage
Monster Beverage may not be a willing target. Moreover, the Austrian energy drink producer achieves strong organic growth in the U.S.
March 12, 2012
Despite Loss of AAA: Austria Pays Less Interest
The Austrian Republic had to pay € 300m less than initially expected in 2011. In spite of the downgrade by S&P, the trend seems to continue.
March 10, 2012
RBI Mandated Lead Arranger and Bookrunner for Moscow Airport
The loan of € 165m for the largest Russian Airport is for general corporate purposes. The international financing consortium consists of ING, Société Générale and RBI.
March 9, 2012
„The Public Sector Does not Get Enough“
Klaus Pöttinger, President of Upper Austria´s IV takes Switzerland as model. Taxes would be too high, efficiency of the public sector is too low, he says.
March 9, 2012
Orange Takeover: Hutchison is Optimistic
The Hong Kong-based telecommunication company Hutchison 3 is sure that the takeover of Orange will be approved by the competition authorities. The competitor T-Mobile is not convinced at all.
March 9, 2012
BWB Finishes Razzia at Rewe Austria
Due to suspicions of price arrangements, the Austrian Federal Competition Authority (BWB) secured comprehensive documents of Rewe Austria. The longest razzia in BWB´s history is finished.
March 9, 2012
Cernko Criticizes VBAG Bail-Out
Willibald Cernko, CEO of Bank Austria considers that the Austrian state reacted too late. A partly nationalization could have taken place already one year before.
March 9, 2012
AUA: Confrontation of Management and Workforce Sharpens
The management of Austrian airlines must find an agreement with its pilots until March 13. A solution is not in sight.
March 8, 2012
„Going to America 2012“: AWO Supports Austrian Business in USA
Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.
March 8, 2012
Rewe is Said to Constrain Investigations
The Austrian Federal Competition Authority (BWB) suspects Rewe Austria to have made price arrangements. Rewe should have constrained BWB´s investigations.
March 6, 2012
Fekter: "Eurogroup Chief Must Be Head of Government"
Austria’s Finance Minister Maria Fekter said the next leader of the group of euro-area finance ministers has to be a head of his or her government in order to have the necessary authority.
March 6, 2012
Moody's Changes Outlook on Verbund's Rating to Negative
The U.S. rating agency Moody's Investors Service has today changed to negative from stable the outlook on the A2 senior unsecured rating of the Austrian energy company Verbund .
March 6, 2012
Kapsch TrafficCom IVHS to Open New North American Head Office
Kapsch TrafficCom IVHS Inc., a subsidiary of Austrian Kapsch TrafficCom AG, announced the opening of the new corporate head office in Tysons Corner, Virginia.
March 6, 2012
Isovoltaic Said to Start Stake Sale After Failed IPO
Isovoltaic AG, an Austrian solar developer, started the sale of a 45 percent stake as it seeks an alternative to last year’s failed initial public offering, according to a person with knowledge of the process.
March 5, 2012
AUA: Negotiations Go On
Austrian Airlines does not face strikes. Not only AUA´s management is under pressure. Workers fear a new foundation of AUA or a re-sale.
March 5, 2012
Razzia at Rewe Austria Continues
Investigators announced to have found substantial evidence at Rewe Austria, which is suspected of having made price agreements.
March 3, 2012
VBAG´s Executive Board Asked to Resign
Parts of the Volksbanken sector, which hold stakes in VBAG, offer resistance to the management board.
March 3, 2012
Change on Executive Board at Austrian Airlines
Karsten Benz to become new Chief Commercial Officer and succeeds Andreas Bierwirth. The supervisory board will decide on the change of management on 13 March.
March 3, 2012
Fiscal Treaty: Austrian Economy Satisfied, Opposition Criticizes
After the signing of the EU fiscal treaty at the EU Summit today, reactions in Austria are very different. The largest opposition party FPÖ calls for a popular vote.
March 2, 2012
Board Member Bierwirth Leaves AUA
Andreas Bierwirth, member auf Austrian Airline´s management board, will exit. It is supposed that the austerity package caused controversies within AUA´s management.
March 2, 2012
Nowotny: „Austrian Banking Activities in CEE Better than their Reputation”
According to the governor of the Austrian Central Bank (OeNB), Ewald Nowotny, Austrian banks engaged in Central and Eastern Europe are more stable than they are supposed to be.
March 1, 2012
Rise in Austrian Unemployment Rate
At the end of February, 380,000 persons were unemployed. This is a rise of 5.2%. At the EU level, Austria´s unemployment rate is still the lowest.
March 1, 2012
Schlecker Closes Branches
The insolvent German chemist chain shuts down the half of its branches in Germany. In Austria, inprofitable shops will be closed.
March 1, 2012
AUA Delays Extraordinary Supervisory Board Meeting
AUA´s management has not reached a compromise with its staff yet. As a new collective agreement is still missing, the supervisory board meeting has been postponed by March 13.
March 1, 2012
austriamicrosystems Reports Rise in Revenues and Earnings
The manufacturer of high performance analog ICs registered a 32% rise in revenues. EBIT rose by 59%.
February 29, 2012
Immofinanz Group Develops Office Building in Prague
The Austrian real estate group makes an investment of 24.6m in the Czech Republic. The project will be finalized in 2013.
February 29, 2012
VBAG´s Rescue Endangers Austerity Targets
In 2012, savings should reach € 576m. However, only write-offs in VBAG cost € 700m. The Austrian government seeks for additional revenues.
February 29, 2012
Rewe Suspected of Price Arrangements
The Austrian Federal Competition Authority (BWB) suspects Rewe Group for having made price arrangements with competitors and suppliers.
February 28, 2012
Palfinger: Joint Venture in China
The Austrian crane producer initiates a joint venture company with Chinese Sany Heavy Industries.
February 28, 2012
Record for McDonald´s Austria
In 2011, McDonald´s Austria registered a rise in guests by 4.4% and sales of € 515m.
February 28, 2012
Nationalization of VBAG: Austrian State Holds 49%
After Kommunalkredit and Hypo Group, VBAG becomes the third Austrian bank which is publicly owned.
February 28, 2012
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