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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
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
Lufthansa Increases Pressure on AUA
The German parent company intends to convert the previously loss-making Austrian Airlines into a profitable company at last.
February 18, 2011
Austria's Budget Deficit is Lower than Expected
The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.
February 17, 2011
Porr Enters Alliance in Slovenia
The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.
February 17, 2011
Bizarre Allegations of Meinl against Atrium
The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.
February 16, 2011
Erste Bank Hungary CEO to resign
Edit Papp, the CEO of Erste Bank Hungary, has decided to pursue other professional opportunities and therefore announced her resignation.
February 16, 2011
Accusations against Hypo Group in Slovenia
The Austrian bank is under investigation because of suspicious real estate and financial transactions.
February 15, 2011
Red Bull Intends to Double Sales
The Austrian energy drink producer plans a period of strong growth for the next eight years.
February 15, 2011
Epic Acquires 93% of Ukrtelecom
The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn
February 15, 2011
Haidlmair Group: Major Contract from the U.S.
The medium-sized Austrian toolmaker Haidlmair has obtained a major contract from a U.S. logistics company.
February 12, 2011
Sales Increase for Waldquelle
The Austrian-Czech mineral water producer increased its sales moderately in 2010. The market share increases continuously.
February 11, 2011
Rosenbauer: Settlement with German Cartel Office
Anti-trust proceedings of the Austrian Rosenbauer AG end with official notice of € 10.5m fine.
February 11, 2011
Massive Increase in Public Debt
Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.
February 10, 2011
Serious Allegations Against Former AUA CEO
Sheikh Mohamed Al Jaber, who wanted to take over Austrian Airlines in 2008, considers himself to have been seriously deceived by the former management and raises accusations.
February 10, 2011
Potential for Austrian Construction Industry in Poland
Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.
February 10, 2011
Hypo Group Changes Leadership in Slovenia
Both the Slovenian subsidiary bank and the leasing company will receive a new leadership for "restructuring reasons".
February 10, 2011
Kneissl is Insolvent
Parts of the Austrian Kneissl group have started insolvency. Sheikh Al Jaber’s capital contribution did not take place.
February 8, 2011
A-Tec: Bad News from China
Because of a joint venture gone insolvent in China in 2008, there are unpaid claims for about € 15m against the Austrian A-Tec.
February 8, 2011
Manpower Austria Increased Sales
The sales of the U.S. services group Manpower increased last year by 54% to € 130m in Austria.
February 8, 2011
Eder Considers European Manufacturing Industry is at a Disadvantage
For the CEO of the Austrian steel company voestalpine, the European manufacturing industry is at a disadvantage, despite innovative leadership.
February 5, 2011
Purchase of Petrol Ofisi Lowers OMV´s Results
In its Trading Statement Q4/10, OMV announces extraordinary expenses due to the major purchase of the Turkish Petrol Ofisi amounting to € 170m.
February 5, 2011
Spanish FCC reaches for Alpine
The Spanish construction group FCC already has a share of 80% of the Austrian Alpine. The remaining 20% is to be also purchased now.
February 4, 2011
Raiffeisen Bank International Acquires 70% of Polbank
The Austrian RBI purchases Polbank for € 490m in cash. Polbank is seen as ideal complement to existing Raiffeisen Bank Polska .
February 4, 2011
Vienna Insurance Group Expands in Turkey
Vienna Insurance Group in Turkey: Acquisition of a 10 percent stake in Ray Sigorta is completed.
February 4, 2011
Siemens Austria Receives an Order for Poland
The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.
February 3, 2011
Kapsch and Google Enterprise Enter into a Partnership
Google Enterprise IT provider and Austria's leading ICT service-partner Kapsch BusinessCom will work together in future in cloud computing.
February 3, 2011
Atrium Terminates Trust Agreements with Meinl
The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.
February 3, 2011
Agrana Closes Chinese Joint Venture
The Austrian Agrana and the Chinese YNA divide their joint ventures for apple juice concentrate in China.
February 2, 2011
Innovativeness in Austria Drops
In the European comparison, Austria’s innovativeness is dropping and is presently located only in the upper mid-range.
February 2, 2011
Strabag SE Awarded two Road Construction Contracts in Romania
The Austrian construction company rehabilitates and upgrades national roads DN14 and DN15A. Combined value of both contracts around € 106m.
February 2, 2011
New Advance for Baltic-Adriatic Corridor
The Carinthian Economic Chamber supports the information campaign of Governor Gerhard Dörfler in favor of the Baltic-Adriatic Corridor.
February 2, 2011
Austrian Companies on Roadshow to London
Especially one of Austria´s leading banks, Erste Group, will be presented at the Investor Day in London.
February 2, 2011
Engel Expands in China
Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.
February 1, 2011
Kapsch TrafficCom with First Contract Award in Russia
The Austrian Kapsch TrafficCom AG announces that its Russian subsidiary has been awarded an order to equip traffic crossings.
February 1, 2011
Constantia Packaging Sells Austrian Subsidiaries
The industrial holding owned by the US-american JP Morgan sells the board manufacturer Duropack and the aluminium company AMAG.
January 31, 2011
bwin: Uncertain Future in Austria
After the approval by the shareholders of the merger with the British PartyGaming, the task division is still to be determined.
January 29, 2011
Pankl: Acquisition of US-company
The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%
January 29, 2011
Strabag: Russia as Growth Driver
For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion
January 28, 2011
GM Powertrain-Austria Celebrates its 20 Millionth Transmission
The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.
January 28, 2011
Meinl Bank Continues to Claim Default of Atrium
Meinl Bank: „Atrium zahlt Meinl Bank states: "Contrary to their own announcement Atrium is not paying back the 10.75% convertible bond". Cross default risk remains upright
January 28, 2011
Telekom Austria Announces Closing of Spectrum Net Takeover
The acquisition of the second Bulgarian fixed network provider will be completed within the next weeks.
January 28, 2011
New Order in Poland for Kapsch CarrierCom
Kapsch CarrierCom has won the next large order for the deployment of a digital train radio system.
January 28, 2011
WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China
The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.
January 27, 2011
Record Sales for BMW Austria
The German car manufacturer was able to set a new sales record in Austria last year. The engine plant also reports record sales.
January 27, 2011
Magna Steyr Expands Production in Graz
The German carmaker group BMW has a further model of the British brand "Mini" manufactured in Austria.
January 27, 2011
Austria: The Gateway to Central Asia?
Leading Austrian politicians intend to attract attention at the World Economic Forum to what promises to be a new target region.
January 26, 2011
Andritz: Order in Portugal
The Austrian industrial plant manufacturer based in Graz reports an order for € 40m from the Portuguese power company EDP.
January 26, 2011
Casinos Austria Expands to Italy
Loss-making Casinos Austria hopes for a new and lucrative market in Italy.
January 25, 2011
Germany: Largest Investor in Austria
Based on the number of new companies settling in Austria, Germany is the largest investor. More than 40% of the new arrivals come from the northern neighbor.
January 25, 2011
Magna Expands Styrian Plants
The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.
January 22, 2011
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