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
Pankl Takes Over German Automotive Company
The Austrian automotive and racing company Pankl acquires the German specialist Huber, which is located in Munich.
January 11, 2012
3.4% Passenger Increase for AUA
According to Austrian Airlines traffic results, more than 11 million passengers were carried in 2011.
January 11, 2012
CA Immo Completes Tower 185 Project in Frankfurt
Rental premises in the tower were simultaneously handed over to PwC, the principal tenant. The total investment in Tower 185 stands at approximately € 450m.
January 11, 2012
Austrian Airlines Records High Losses
Against previous expectations, the Austrian subsidiary of Lufthansa could not improve its results in 2011 compared to 2010.
January 10, 2012
Fitch: Austria´s AAA-Rating Not Endangered
According to the U.S. rating agency, the financial stability in Austria is still excellent. The bond auction today went well.
January 10, 2012
Major Order for Strabag in Poland
The Austrian construction group strengthens its market position in Polish transportation infrastructures segment with a € 254m order.
January 9, 2012
Agrana Sues Chinese Yantai North Andre Juice.
The Austrian sugar and starch company claims $ 9.8m from the Chinese Yantai North Andre Juice.
January 9, 2012
Austerity Package: AUA in Difficulties
The implementation of further austerity measures faces resistance. Moreover, competition for Austrian Airlines becomes even stronger.
January 7, 2012
Austrian Has Lowest Unemployment Rate in EU
Euro area unemployment rate at 10.3%, EU27 at 9.8%. Austria ranks first with 4.0%. Regarding youth unemployment, only the German unemployment rate is lower.
January 7, 2012
Germany Calls for Austrian Electricity
In order to guarantee stability of the German power grid, Austria has to export more electricity to Germany.
January 5, 2012
Thomas Cook Austria Achieves Record Result
The Austrian subsidiary of the Germany Thomas Cook AG recorded a rise in operating profits by 19% in 2011.
January 4, 2012
Siemens Austria Achieves Major Order in Russia
The Austrian subsidiary of the German technology group constructs the largest pellet plant in Russia.
January 4, 2012
Hungary: High Losses for Banks
According to the Hungarian banking association, costs for the coerced conversion of foreign currency loans reach about € 952m.
January 4, 2012
Worsening Economic Outlook for 2012
Economists and analysts expect a massive fall in Austrian economic growth for 2012.
January 4, 2012
Uniqa´s Czech Subsidiary Beats Market Growth
The Czech subsidiary of the Austrian insurance group achieved an 11% premium income growth, which is significantly beyond the market growth (1.8%).
January 3, 2012
Tyrol Equity Takes Over German RSN Sihn
The Austrian investment company acquired 50.1% in the German automotive supplier company RSN Sihn.
January 2, 2012
Slight Decrease in Unemployment
In December 2011, the Austrian unemployment rate was 8.2%, which is slightly below the previous year´s level.
January 2, 2012
Pollmann China Doubles Production Area
The Austrian automotive supplier company expands its activities in China.
January 2, 2012
Kapsch TrafficCom Wins Major Contract in Russia
The Austrian supplier of toll collection systems was chosen for the operation of a 400 km-long segment of the M4 Federal Highway.
December 29, 2011
VBAG: Sale of VBI to Be Closed in 2012
Contrary to the original schedule, the sale of the eastern European bank will not be closed by the end of the year.
December 29, 2011
Voestalpine Involved in Further Cartel
According to German newspaper reports, the Austrian steel producer is involved in another cartel in the rail market.
December 28, 2011
Rising Market Share for Porsche Holding
The Salzburg-bases Porsche Holding announces that more than every third sold car in Austria comes from the VW/Porsche Group.
December 28, 2011
Tourism: Slight Increase in Capacities
Austria offers 65 200 accomodation establishments and 1.09 million beds for tourists in 2011.
December 28, 2011
Polbank: RBI wants to Lower Price
The Austrian Raiffeisen Bank International delays the closing of the acquisition. RBI negotiates over a reduction of the acquisition price.
December 27, 2011
CA Immo, Warimpex and UBM Open Airport City St. Petersburg
The Austrian real estate companies concluded the first phase of the office building and hotel project in direct vicinity of St. Petersburg’s Pulkovo 2 international airport.
December 23, 2011
Strabag Group Expands Range of Services with Structural Timber Engineering
The German subsidiary Züblin gains access to the field of timber construction through an acquisition.
December 23, 2011
Lenzing Group and smartfiber AG Intensify Their Cooperation
The Austrian fiber manufacturer takes over production of two specialty fibers from its German cooperation partner.
December 21, 2011
VBAG Sells Insurance Segment
The Austrian Volksbanken AG sells its stake in Victoria Volksbanken to Ergo Austria.
December 20, 2011
Major Order from Russia for Siemens Austria
The Russian railway company RZD reserves eight high-speed trains “Velaro RUS”. The order will be delivered in January 2014.
December 20, 2011
Gebrüder Weiss Builds New Branch in Czech Republic
In Jeneč, near Prague, the Austrian logistics supplier builds a new terminal with an office complex and cross-docking facilities. Investments amount to € 15m.
December 17, 2011
Plansee Group Sells PMG
The Austrian provider of metallurgically manufactured products sells the business division to a German asset management company.
December 16, 2011
Austria to Be By-Passed by South Stream Gas Pipeline
The rival project to Nabucco will not end at OMV’s Central European gas hub.
December 15, 2011
Pecik to Enlarge Activities in Telekom
The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.
December 14, 2011
VIG and Zurich Fight for Polish Warta
According to the Polish newspaper Rzeczpospolita, the Swiss Zurich and the Austrian Vienna Insurance Group are the favorites for the acquisition of Warta.
December 14, 2011
AUA Sharpens Austerity Measures
The Viennese business location Austrian Airlines, a subsidiary of Lufthansa, has to become cheaper, says Lufthansa´s CEO Franz.
December 14, 2011
Wolong Holds 98.8% in ATB Austria
The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.
December 13, 2011
Tannpapier Fears For its Existence
The Austrian manufacturer of cigarette papers suffers from the tightening of the EU-tobacco-directive.
December 13, 2011
Kaufhof: Investigations Cause Delay in Sale Process
Suspicions of money laundering against the Austrian real estate investor René Benko prevent the take-over for the time being.
December 13, 2011
Austria Fifth Richest Country in EU
GDP per capita in the Member States ranged from 44% to 271% of the EU27 average in 2010. Austria´s figure amounts to 126%.
December 13, 2011
Infineon to Invest in Austria
In spite of the weak economic forecasts, the German semiconductor producer wants to invest further in the Austrian business location.
December 12, 2011
Immofinanz Sells Project in Germany
The Austrian real estate group sells its stake in a project in Düsseldorf in order to grow in Russia and Poland.
December 12, 2011
Atrium Completes Acquisition of Shopping Centre in Poland
The Vienna-listed real estate company Atrium finished the acquisition of a € 55m project in the seventh largest city in Poland.
December 12, 2011
Difficult Search for Investors at Wall Street
Austrian companies try to find new investors in the U.S. The relatively small size of Vienna Stock Exchange and the euro-crisis make this difficult.
December 8, 2011
Kaufhof: Benko Offering € 2bn?
The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.
December 8, 2011
Rating Agencies Are Seen As Threat
The governor of the Austrian Central Bank, Ewald Nowotny, attacks S&P. For the head of the economic research institute IHS, Bernhard Felderer, the negative outlook must be seen as a warning signal.
December 7, 2011
Benko Confirms Binding Offer
Both Metro Group and René Benko´s Signa Holding confirmed that a binding offer for Metro´s subsidiary Kaufhof has been put.
December 6, 2011
Increasing Gap in Incomes
Although Austria´s Gini coefficient is relatively low, the gap between high and low incomes becomes larger.
December 6, 2011
Kaufhof: Benko Is Preferred
According to the seller, the German Metro Group, the Austrian real estate investor has good odds. Benko will submit a binding offer soon.
December 5, 2011
Hypo Group: € 3.0bn Debts at BayernLB
The nationalized Hypo Group is still massively indebted at its former holding company, the German BayernLB. The loan will be due by the end of 2013.
December 3, 2011
Polish Financial Market Authority Claims RBI´s Quotation
The Vice-President of the Polish financial market authority, Wojciech Kwasniak, asks the Austrian Raiffeisen Bank International to quote in Warsaw, besides the listing in Vienna.
December 3, 2011
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