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
Dispute between Emirates and AUA
Emirates Airlines accuses Austrian Airlines to work with unfair means against the doubling of Vienna-Dubai flights.
March 23, 2011
Andritz: Order from Finland
The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.
March 22, 2011
Austrian National Bank Expects Tougher "Stress Tests"
The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).
March 19, 2011
ÖBB: Massive Losses in Ireland
The ÖBB had to write off € 260m because of a sale and lease-back transaction.
March 19, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Awards for Austrian Products at British Food Fair
Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.
March 19, 2011
Lannacher has Delivery Problems with Iodine Tablets
The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.
March 18, 2011
Wienerberger Acquires Belgian Brick Producer
The Austrian brick manufacturer reached the acquisition of facing brick producer Heylen Bricks in Veldwezelt, Belgium
March 18, 2011
Bulgaria: EVN Thermal Power Plant Almost Completed
The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.
March 17, 2011
Bawag: Successful Return to Profitability
The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.
March 17, 2011
Opportunities for Austrian Medical Technology in the UK
An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.
March 17, 2011
Good Prospects for Kärntner Sparkasse
The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.
March 16, 2011
VBI: Romania Remains a Weak Point
The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.
March 16, 2011
Bwin & Party Gaming: Merger Plan Requirements now met in Austria
Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.
March 16, 2011
Lenzing: Demand is Greater than Capacity
The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.
March 15, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
RLB Upper Austria Intends to Grow in Russia
The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.
March 14, 2011
EPIC: Acquisition of Ukrainian Telekom is arranged
The purchase of the Ukrainian Telekom company by the Viennese financial investor EPIC has been completed. The purchase price is € 946m.
March 12, 2011
Case IH: Increase in Tractor Production
The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.
March 12, 2011
Österreichische Kontrollbank: "There are no Failures to be Feared"
Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.
March 12, 2011
FACC is Considering Going Public in Asia
The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.
March 11, 2011
AWO Presents Business Opportunities for Austrian Companies in China
Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).
March 11, 2011
Orange: Customer Growth and More Profits
The French telecommunications company in Austria managed to increase its profits in Austria despite falling sales.
March 11, 2011
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 2011
Lack of Venture Capital for Austrian Companies
The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.
March 10, 2011
Leitl Favors EU Financial Transaction Tax
The President of the Austrian Economic Chamber says: "The EU Parliamen has taken an important step towards EU financial transaction tax"
March 10, 2011
Immofinanz: New Tenants for Romanian Procect
The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.
March 9, 2011
Leitl: "Austria Continues as Top Investor in Bulgaria"
Bulgarian President Parvanov for economic talks at the WKÖ: Foreign trade volume between Bulgaria and Austria amounts to € 900m.
March 9, 2011
Austria's Construction Industry Expects Stagnation
In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.
March 8, 2011
Major Order from China for Emco
The A-Tec's subsidiary Emco has receaved an order from China for € 7m.
March 8, 2011
Zumtobel: New Light Center in Dubai
The lighting company based in Vorarlberg, Austria, is multiplying its competences in the Middle East. The Dubai Light Center aims to present realistic solutions for professional interior lighting.
March 8, 2011
Strabag: Takeover of Swiss Companies
Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.
March 8, 2011
Magna Europe in Euphoria
The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 2011
Danone Reports € 63m of Sales
The French producer of dairy products realizes € 63m of sales in Austria. Danone intends to extend its product line with organic products.
March 5, 2011
Hardly any Effects Expected by Labor Market Opening
As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.
March 4, 2011
Economic Policy: Criticism of Berlin, Praise for Vienna
The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.
March 4, 2011
Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
March 4, 2011
Sales Declining at Spar Hungary
The food trade chain records declining sales in Hungary - for the first time in its history.
March 4, 2011
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
FPÖ Intends to Establish Itself as an Economic Party
In an interview with the "Wirtschaftsblatt", FPÖ chairman Heinz-Christian Strache says that the party wishes to address entrepreneurs more strongly in future.
March 3, 2011
Unemployment: Austria has Top-Position Among EU27
EU27 area unemployment rate at 9.9%, Austrian unemployment rate amounts to 4.3%. National youth unemployment is below the average too.
March 2, 2011
The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities
In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.
March 1, 2011
Takeover of the Austrian Porsche Holding
The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.
March 1, 2011
Stable Sales for Rewe Austria
The German food retail group was able to increase its sales moderately last year. The number of employees has increased.
February 26, 2011
Significant Growth for Borealis
The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.
February 26, 2011
VBI: Purchase by Sberbank is Looming
The sale of the Eastern European holding company of the Austrian ÖVAG is taking shape. Even Chinese investors are interested.
February 25, 2011
HEAD NV Announces Higher Sales
The Dutch/Austrian global manufacturer and marketer of sports equipment, announced the preliminary results today.
February 25, 2011
Leitl Fears Falling Back behind Asia
During a state visit to Singapore the President of the Austrian Economic Chamber (WKÖ) again urges the Austrian government to undertake reforms.
February 24, 2011
Leitl Demands More Support for SMEs
The Small Business Act must be also implemented at national level in a sustained way, says the President of the Austrian Economic Chamber.
February 24, 2011
Molterer Nominated as Vice-President of the EIB
Former Vice-Chancellor and Finance Minister Wilhelm Molterer is nominanted as candidate for Vice-President of the European Investment Bank (EIB).
February 23, 2011
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