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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
Hypo-Group Changes Board of Austrian Subsidiary
Hypo Alpe Adria makes new appointments to the Executive Board of the Austrian banking subsidiary Hypo Alpe-Adria-Bank AG.
November 2, 2010
Andritz Acquires RITZ Pumpenfabrik, Germany
International technology Group ANDRITZ has signed a contract to acquire the German company RITZ
November 2, 2010
A-Tec: Banks Working on Counter-Proposal
After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.
October 30, 2010
New Retail Project in Constanta for Immofinanz
A new center located in Constanta, Romania, offering international tenants business opportunities in 130 retail units, will be opened in 2011.
October 30, 2010
RHI: New Boss Wants to Double Profits by 2015
RHI pursues ambitious growth plans. Higher sales and profits are to be generated mainly through expansion in emerging markets.
October 29, 2010
Hungarian Railway Workers Strike Against Rail Cargo
Due to employee layoffs at Rail Cargo Hungaria, the employees threaten to go on strike. Rail Cargo suffers losses both in Austria and in Hungary
October 27, 2010
Financing of OMV-Deal in Turkey Still Open
OMV leaves the financial markets still in the dark as to how it will cope with the acquisition.
October 25, 2010
Deripaska Again at Strabag
After Deripaska’s decision, and successful talks with Strabag boss Haselsteiner, the Russian oligarch is a partner in the construction group again.
October 25, 2010
Large Power Plant in Turkey: Verbund concludes Joint Venture
With an investment volume of 550 million euro, the Verbund operates together with its Turkish partner Sabanci Holding, a gas-steam power plant.
October 25, 2010
OMV: Complete Takeover of Petrol Ofisi Fixed
The deal is finished. Turkey will be the third main market for the OMV group.
October 22, 2010
KTM is Back Again
With a surprisingly positive quarterly result, the motorcycle manufacturer KTM shows its old strength. All expectations have been exceeded.
October 22, 2010
Switzerland: Pecik and Stumpf Ransom Themselves
While the two investors paid a fine for the case Sulzer, the case Oerlikon is still not finished.
October 21, 2010
Vienna International Airport: Business With Low-Cost Carriers booms.
A significant portion of Vienna International Airport’s sales are achieved with low-cost airlines. The airport's boss wishes a more extensive partnership with the Bratislava location.
October 21, 2010
OMV Plans Complete Takeover of Petrol Ofisi
OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV
October 20, 2010
The Next Acquisition: STRABAG Buys Gaul-Group
The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.
October 20, 2010
Booming Tourism: Aeroflot Pressure on Austria's Airports
New routes of Aeroflot subsidiaries to Austria are created due to the growing flow of Russian guests.
October 20, 2010
bwin Notifies Merger with PartyGaming to Competition Authority
Transfer to the London Stock Exchange is bad news for the Viennese financial center. The merger will create the world's biggest betting provider.
October 20, 2010
AUA: Licenses in Russia Expire
Austrian Airlines are worried about the landing and overflying rights in Russia. If there is no extension, there is a threat of higher costs.
October 20, 2010
Wienerberger Signs Agreement to Acquire Steinzeug Abwassersysteme
Planned acquisition of worldwide market leader and Europe’s largest producer of clay pipe systems
October 20, 2010
Austrian Airlines Loses Swiss Destination
As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport
October 19, 2010
Verbund´s Subsidiary Sorgenia Achieved Higher Profits
Net income climbed during the first three quarters to 57.6 million euros
October 19, 2010
Tax Evaders Targeted by the Ministers of Finance
Budget problems plague the majority of EU countries. In addition to budget discipline, the prosecution of tax evaders is to be addressed.
October 18, 2010
Do & Co Expands Rapidly in Turkey
After the successful expanion with Turkish Airlines, Do & Co plans to enter the event-catering market
October 18, 2010
Hypo-Group: Bavarian Lawsuit Against Carinthia
The balance sheet of the Hypo Group -nationalized in 2009- was artificially inflated, according to the accusation from Bavaria.
October 18, 2010
Supervision of Banks: Austria and Russia Intensify Cooperation
A Memorandum of Understanding just signed facilitates cooperation in banking supervision between the two countries.
October 18, 2010
Strabag Expands its Competence in Bridge Building – New Order in Poland
Strabag SE, a large construction company in Central and Eastern Europe, signed an agreement to build a new bridge complex in Toruń, Poland.
October 18, 2010
Austrian Post Cooperates with Swiss Post
The two companies plan a joint venture to bundle international activities in the field of addressed advertising mail.
October 15, 2010
Production of BMW X3 Shifts From Styria to USA
In Graz, where the BMW X3 has been manufactured until now, production will focus on Minis.
October 14, 2010
OeNB Governor Nowotny Contradicts the Deutsche Bundesbank
"The ECB should not give up purchasing bonds". Although the bond purchase program of the ECB was not needed in recent weeks, Nowotny wants to go on having it "in reserve”. The German Bundesbank warns of a too late withdrawal.
October 13, 2010
Kotányi: Sales in Russia Exceed 20 Million Euro
The Lower Austrian herb and spice producer expects sales in Russia for over 20 million euro this year.
October 12, 2010
Slovakia: Changes in Automobile Production Trend
Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.
October 12, 2010
RZB Group Tatra banka among Lead Managers for Slovak Republic EUR 2 Billion Benchmark Bond
Tatra Banka (RZB Group), HSBC, SG CIB and UniCredit Bank Slovakia placed a Slovak Republic issue with a maturity of fifteen years.
October 11, 2010
Chip Manufacturer Infineon: Revalorization of the Development Center Graz
The German chip maker based in Villach is bundling competencies. All future research on tire pressure sensors will be made at the Infineon Development Center Graz with 250 employees.
October 8, 2010
Austria is Getting More Popular Among Arab People
Arab tourists find Austria increasingly pleasant. So far this year, the number of arrivals between January and August grew by 21% to 91,600 as compared to the same period of the previous year.
October 8, 2010
Bratislava: Investment in Slovak 'Las Vegas' in Danger
Bratislava might lose the planned amusement park "Metropolis", with an investment amount of 1.5 billion euro, if the Slovak government revokes the already approved tax concessions.
October 7, 2010
Zumtobel Closes Loss-Making Plant Space Cannon in Italy
Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.
October 7, 2010
Zumtobel Opened Light Center in Shanghai
More than 120 architects, designers and business partners enjoyed the Zumtobel opening gala for the new Light Center in Shanghai.
October 7, 2010
Qualified Workforce: Austria’s Target is to Attract Skilled Immigrants
ÖAAB General Secretary Lukas Mandl: "Germany has long been an immigration country. Austria also has to become one. Austria’s target should be to attract skilled immigrants, after identifying the needs."
October 6, 2010
AVL Opens Battery-Testing Lab in Shanghai
With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.
October 6, 2010
Schoeller-Bleckmann Acquired Dubai Based Special Tools Provider
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, has successfully completed acquisition of Drilling Systems International Ltd. (DSI).
October 5, 2010
Alpine: New 140 Million Euro Motorway Contract in Poland
The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.
October 5, 2010
Doppelmayr: Major Contract from San Francisco for 121 Million Euro
After major orders for its cable car system for Las Vegas and Venice, the cable car technology group from Vorarlberg now also got on track in the greater San Francisco area with the largest order in the company’s history.
October 5, 2010
OMV: Gas Reservoir Found in Southern Tunisia
OMV has been successful again in southern Tunisia. "The two additional findings are of economic and strategic importance and round off the success of the present OMV-drilling campaign, with a total of nine strikes in a row."
October 4, 2010
Kapsch TrafficCom: Polish 1.24 Billion Euro Contract for Truck and Bus Toll System
The company listed in the Vienna Stock Exchange will build up the entire toll system for trucks and buses weighing over 3.5 tons on Poland's roads for July 2011.
October 4, 2010
FACC Grows and Hires
The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.
October 1, 2010
UniCredit SpA has appointed Federico Ghizzoni as its new chief executive
Italy's biggest bank UniCredit SpA named central and eastern European head Federico Ghizzoni its chief executive as expected on Thursday and underscored its commitment to an international role.
October 1, 2010
Bogner Edelstahl Continues to Grow
Austrian stainless steel specialist Bogner is pursuing an ambitious expansion plan in spite of the sales drop.
September 30, 2010
Energieallianz Austria Creates Subsidiary in Germany
Renewable energies are a rising trend. This has been recognized by the domestic Energieallianz Austria(EAA), a subsidiary of the energy provider for Vienna, Lower Austria and Burgenland.
September 30, 2010
Raiffeisen Invests in New Branches in the Czech Republic
Raiffeisenbank a.s., the fifth largest bank in the Czech Republic, expands its network of branches in the neighboring country.
September 29, 2010
Mondi - Russia's Syktyvkar Mill modernized
Paper and packaging group Mondi confirmed that the modernization of its Russian mill was complete and the mill was ready to meet Eastern Europe's growing demand for uncoated fine paper and container board.
September 29, 2010
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