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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
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
"Conversations about the Future" between Austrian and Canadian IT companies
The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.
January 22, 2011
Expansion of Cooperation Between Kazakhstan and Austria
Cooperation with the Kazakhstan Development Bank intends to boost economic relations with the third-largest CIS trading partner.
January 22, 2011
Change in Leadership at Bank Austria
Paolo Fiorentino, has been elected as Chairman of the Supervisory Board of Bank Austria. Francesco Giordano will act as future Chief Financial Officer.
January 22, 2011
Generali Austria: Optimism for 2011
The Italian insurance company shows itself satisfied with the previous year's results in Austria and looks forward to 2011 with confidence.
January 21, 2011
EU: New Early Warning System Against Financial Market Risks
Two Austrian officials point out the relevance of the new institution, which will particularly benefit Austria.
January 21, 2011
EnBW Intends to Expand Engagement in Austria
The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011
New CFO for Vienna Insurance Group Slovakia
Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer
January 21, 2011
Doppelmayr Awarded Major Contract in Sochi
The Austrian Doppelmayr Group has been awarded the contract for a 3S installation (tri-cable ropeway) in the Russian Olympic location of Sochi.
January 20, 2011
Pröll is Against the Extension of the Euro Shield
The Austrian Finance Minister, Josef Pröll (ÖVP), called for stricter budget discipline and pronounces himself against a more extensive rescue shield
January 20, 2011
Bank Austria: Bank of Moscow is No Longer an Issue
Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.
January 20, 2011
Hypo Group Purchase by BayernLB was "unrealistic"
The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.
January 20, 2011
Strabag: Layoff Wave in the Czech Republic
Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.
January 20, 2011
Pfizer Austria: First Sustainability Report Published
Pfizer Austria published its first sustainability report based on the recognized guidelines of the Global Reporting Initiative.
January 20, 2011
Tax Treaty between Austria and Germany
Austria and Germany sign a revision protocol on double taxation agreements to implement the OECD standards of transparency and effective exchange of information.
January 19, 2011
Reform Backlog Prevents Austria Being a Success Model
The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.
January 19, 2011
Volksbank: Romania Lowers Results
The losses in Romania constitute a distinct disadvantage, especially for the sale process of the East-Holding of the VBI.
January 19, 2011
The Hypo Group and its Consultants
In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.
January 18, 2011
Recovery is in Sight for Keba
The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.
January 18, 2011
OMV Pulls its Staff out of Tunisia
Due to the recent developments in Tunisia, the Austrian OMV pulls back to a large extent. The cardboard manufacturer Mayr-Melnhof stays on.
January 18, 2011
Citigroup Trades on Vienna Stock Exchange
Vienna Stock Exchange gives admission to trading of Citigroup Global Markets Limited, London (UK).
January 18, 2011
A-Tec Sells Subsidiary in Germany
Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011
Alpine Wins Contract in London
The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)
January 16, 2011
Poland is a Big Opportunity for Austria's Export Economy
The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.
January 15, 2011
Bank Austria Bids for Bank of Moscow
The UniCredit subsidiary is reported as holding talks with the Bank of Moscow to acquire a 46.5% stake.
January 14, 2011
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