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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
Skoda’s Domination in Poland
According to research conducted by Samar, Skoda has been the unquestionable leader of the Polish car market during last 30 months.
October 11, 2011
Gloom Over Clothing Industry in Poland
In the first half of this year over 13 thousand of clothing shops disappeared from the Polish market.
October 11, 2011
Santander Close to Become a Leading Player in Poland
According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.
October 11, 2011
NKE Expands in Spite of Stagnation
The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.
October 10, 2011
Austrian Food Exports are Booming
About 66% of the domestic food production is being exported. Germany remains the most important foreign market.
October 10, 2011
Vienna Airport to Cooperate Closer With Bratislava
The Vienna International Airport (VIA) is looking for potential synergetic effects in Bratislava, which should bring further passenger growth.
October 10, 2011
UniCredit: Sale of Bank Austria?
According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.
October 8, 2011
Upper Austria Waits for Google
The Austrian province already has provided the infrastructure for the U.S. internet service provider google. But construction works for the data processing center did not began until now.
October 8, 2011
Kärntner Sparkasse Finalized Withdrawal from Italy
The Carinthian bank will close its operating business in Italy. The branches have been overtaken by the South Tyrolean “Südtiroler Sparkasse”.
October 8, 2011
RBI: Capital Injection for Hungarian Subsidiary Likely
The Austrian bank’s losses from the conversion of foreign currency loans will amount to approximately € 100m.
October 7, 2011
OMV’s Petrom Opens Wind Park in Romania
The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.
October 7, 2011
Energieallianz Austria Continues Expansion
The Austrian energy trading company opened its third office in Germany, where supply volumes have increased more than tenfold since 2007.
October 6, 2011
New Board Member for Slovak Subsidiary of VIG
Erik Nikmon was appointed to the Managing Board of Kooperativa. He will take up his position on 1 November.
October 6, 2011
New Record in Agricultural Foreign Trade
The first half of 2011 brought double-digit growth rates in all product categories. Exports to Hungary increased by 43%, making it the number three buyer country.
October 6, 2011
Kneissl Acquired by “Friends of Sports”
The bankrupt Tyrolean ski producer is taken over by a German holding company. The brand name will be retained; the Kufstein production site will be expanded.
October 6, 2011
Teak Holz Wins Major Order
The Upper Austrian timber company signed a € 50m contract for external forest management activities in Costa Rica.
October 6, 2011
Personnel Changes in the Managing Board of Czech VIG Subsidiary
The Austrian Vienna Insurance Group reshuffles the board of the Czech Kooperativa.
October 5, 2011
Trade Chain Adeg to Achieve Turnaround in 2012
The Austrian subsidiary chain of the German Rewe group still faces losses. By 2012, Adeg should leave the red zone.
October 5, 2011
Generali Austria Report Small Rise in Premiums
The Italian insurance group shows a small rise in premiums in spite of a difficult Austrian insurance market.
October 5, 2011
Ukraine Guarantees Gas Supply to Austria
The Ukraine invites Austrian companies to construct liquefied gas terminal.
October 5, 2011
conwert Takes Over Property Management for German Tower Group
Additional management of more than 4,600 residential and approx. 300 commercial units in Berlin and North Rhine-Westphalia At 30 June 2011, Austrian conwert managed a total of 60,825 residential and commercial units.
October 5, 2011
Vienna Insurance Group Merges Bulgarian Subsidiaries
The Austrian insurance corporation intends to strengthen its market presence via the merger of Bulstrad and Bulgarski Imoti,
October 5, 2011
BMW Austria Fears Lack in Skilled Labor
The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.
October 4, 2011
OMV: Withdrawal from Czech Republic Possible
The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.
October 3, 2011
Hostile Takover of Telekom Austria?
According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.
October 3, 2011
Potential for Austrian Suppliers in Spain
The Austrian AWO started a market exploration journey to Spain in order to create first business contacts. In the first term of 2011, exports to Spain grew by 6.6%.
October 3, 2011
Dutch Imtech Acquires Austrian Comnet
The Dutch Imtech (technical services provider in Europe) announces that it acquires the Austrian ICT company Comnet. This acquisition will strengthen Imtech’s position in the Austrian ICT market.
October 3, 2011
Czech Railways Orders 16 Railjets from Vienna
Major Order for Siemens Austria from the Czech National Railways Ceske Drahy: the railway group exercises an option, which was reserved for the Austrian Federal Railways originally.
October 3, 2011
Chinese Interest for ATB
After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.
October 1, 2011
Springer Shows Interest for „Krone“ and „Kurier“
The German media group is willing to purchase the major stakes of the Austrian newspapers “Krone” and “Kurier” held by the German WAZ (Westdeutsche Allgemeine Zeitung).
October 1, 2011
Slight Increase in Unemployment
Austria´s unemployment grew by 1.9% in September 2011. The main reason is the lower number of trainings.
October 1, 2011
RHI Buys Irish Raw Materials Producer
The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.
September 30, 2011
Sergey Monin Appointed as CEO of Raiffeisenbank in Russia
He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.
September 30, 2011
Tiger Coatings Continues Expansion in China
The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.
September 30, 2011
Kresta Takes Over Swiss Buss ChemTech
The newly acquired company will become the technology center of the Austrian plant building company.
September 30, 2011
Strabag Awarded Motorway Project in Poland
Two subsidiaries of the Austrian construction group lead the consortium which signed a contract worth € 120m. The group’s share is 55%.
September 30, 2011
Andritz Not Affected by Belo Monte Construction Stop
The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.
September 29, 2011
Voith Hydro Receives Major Order from Russia
The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.
September 29, 2011
Intercell: EU Invests € 30m in Research Program
The Austrian pharmaceutical company will receive co-funding for a collaborative research project from the European Union.
September 29, 2011
VIG to Start Due Diligence on Warta in October
The Austrian insurance group intends to grow on the Polish market. An acquisition would double its premium income in the country.
September 28, 2011
Cartel Suspicions Against OMV
The Commission of the EU suspects ten gas companies of market abuse. The Austrian OMV wants to cooperate with the authorities.
September 27, 2011
Siemens VAI: Major Order from South Korean Steel Industry
The Austrian Siemens VAI Metals Technologies has received the order to build a steelwork. The factory´s capacity should be 2m tons per year.
September 27, 2011
Donau Chemie Builds Factory in Hungary
The Viennese chemical group builds a hydrochloric acid factory near the Hungarian capital Budapest for € 6m.
September 27, 2011
Atrium Completes the € 191m Acquisition of Palac Flora in Prague
The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.
September 27, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
Porr Cooperates with German InterCityHotel
In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.
September 26, 2011
Strong Order Intake for Head
The Dutch and Vienna-listed sports article manufacturer Head records rising sales. Expectations for 2012/2013 are stable.
September 26, 2011
New Subsidiary for Rabmer Bau in Poland
The Austrian construction group, which is spezialized in renovating canal systems, established a new company in Poland.
September 26, 2011
“Austrian Exports to Turkey to Double“
According to the Austrian Chamber of Commerce in Istanbul, Austrian companies could benefit strongly from the persisting economic boom in Turkey.
September 26, 2011
Kneissl to Be Taken Over by Foreign Investor
Negotiations about the sale of the bankrupt Tyrolean ski producer are about to be concluded. Three investors from Europe and overseas are still interested in an acquisition.
September 23, 2011
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