Vienna International Basic Resources Industry News

Read the latest headlines about developments in the international basic resources industry in Vienna and Austria

Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.

April 16, 2014

Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.

March 28, 2014

Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.

March 26, 2014

Serbia: Share of NPL Increases Dramatically

The share of bad loans in Serbia has increased to 21.3 percent.

March 6, 2014

Austria: Solid Growth and Recovery in Industrial Industry

Austria’s industrial recovery continues.

March 3, 2014

“Polish Economy at Crossroads“

In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.

February 21, 2014

Bulgaria: FDI Keeps Increasing

FDI (foreign direct investments) increased by € 1,229.4m in Bulgaria in 2013 while equity capital came at € 953.4m last year.

February 18, 2014

Austria: Economic Upturn Still in Standby-Mode

According to the analysis of the economic indicator of Bank Austria, there is moderate growth and hope for the first quarter in 2014.

February 17, 2014

Austria: Economic Growth Accelerates

In the fourth quarter in 2013 GDP increased by 0.3 percent compared to the previous quarter and by 0.9 percent year-on-year.

February 14, 2014

Serbia: One of Fastest Growing Economies

Last year Serbia was among the ten fastest growing economies in Europe, as pointed out by Deputy Prime Minister Aleksandar Vucic.

January 8, 2014

Austria: Kapsch Delivers Warning to Policy-Makers

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.

December 27, 2013

Austria: Industrial Output Shrinks

In October the industrial production in Austria declined.

December 23, 2013

Slovenia: Significant Decline in Business Confidence

Sentiment indicator lower than in the previous month In October 2013 (-13 percentage points) the sentiment indicator was 1 percentage point lower than in September 2013 (-12 percentage points).

October 28, 2013

Voestalpine to Construct New Plants in China

The Austrian steel manufacturer will invest € 450m in new facilities and plans to triple revenues until 2020.

October 28, 2013

German Rail Manufacturing Plant of Voestalpine to be Closed

At the end of October voestalpine will shut down its rail manufacturing plant TSTG Schienen Technik GmbH & Co KG in Duisburg, Germany.

October 21, 2013

Austria: Voestalpine Expects Same Results as 2012

CEO Wolfgang Eder expects the same level in profits as last year.

October 17, 2013

Austrian Industrial Sector Well Positioned in International Competition

In 2012, the Austrian industrial sector was well positioned in the international competition, according to a study by the Austrian Institute for Economic Research (Wifo).

October 14, 2013

Trade in Austria Has Increased Since Opening of CESEE Market

Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.

October 10, 2013

Voestalpine Expects Turnaround

The European demand in steel is increasing. Austrian steel manufacturer voestalpine expects the worst of the crisis for the steel industry to be over.

October 7, 2013

Eurozone: Inflation Drops to 1.1 Percent

According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.

September 30, 2013

Romania: Modest Growth for Metal Industry

Romania's metals sector will continue to see modest growth.

September 27, 2013

RHI: Growth Plans in Emerging Markets

Franz Struzl, CEO of producer of fused cast refractories RHI, announced that the long-term strategic corporate goals were still relevant. However, it is not clear when the targets will be reached.

September 24, 2013

Poland: Warsaw Stock Exchange to Introduce WIG30

The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.

September 23, 2013

China to Acquire Ukrainian Farmland

In the coming fifty years crops are supposed to be grown and animals should be bred in the Ukraine for the Chinese market.

September 23, 2013

Austria: Voestalpine Opens Rolling Mill

voestalpine opens state-of-the-art duo rolling mill at Böhler Bleche GmbH & Co KG in Mürzzuschlag

September 20, 2013

Romania: Austrian Investors Demand Transparency

In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.

September 17, 2013

Turkey: Industrial Turnover Index Grew 14.8 Percent

The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.

September 13, 2013

Eurozone: Industrial Production Decreased 1.5 Percent

Industrial production fell in fifteen EU member states.

September 13, 2013

Austria: voestalpine Sells its Interest in VA Intertrading

The voestalpine Group announced today that over the next three years it will gradually sell its 38.5% interest in VA Intertrading to an investor.

September 13, 2013

Turkey: Strong Industrial Production at Start of Q3

Turkey saw a strong industrial production at the start of the third quarter, according to official data, which gives hope for an improved economic growth as the country is facing more and more economic difficulties.

September 10, 2013

Romania: Industrial Sales Increased 4.7 Percent in 2013

Romania’s industrial sales increased 4.7 percent in the first seven months.

September 9, 2013

Russia: Disappointed About Joining WTO

A year ago, Russia joined the World Trade Organization (WTO). However, the country is not satisfied with the results despite of having negotiated about joining for 19 years.

August 26, 2013

Eurozone: Strongest Growth Rates in Two Years

The Eurozone continues to recover. Businesses in industrial production and in the service sector increased to a new high in more than two years. However, growth in both sectors is still not enough for the creation of new jobs.

August 22, 2013

Ukraine Remains in a Recession for a Year

In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.

August 20, 2013

Wienerberger Facing Losses

H1 results confirm Wienerberger's diversification strategy.

August 20, 2013

Russia: Rusal to Slip into the Red

Russian metal giant Rusal has to decrease production by 357,000 tons this year due to a drop in prices in aluminium. The company now hopes for state subsidy.

August 19, 2013

Russia Blocks Imports from Ukraine

Kyiv demands to immediately remove bureaucratic obstacles.

August 16, 2013

Mayr-Melnhof Group: Profits Above Last Year's Value

Results for the 1st Half-year 2013

August 15, 2013

Wifo: Economic Growth with Brakes On

Economic upswing will take time. Considering the individual branches an uneven picture emerges.

August 9, 2013

Significant Increase in Serbian Exports

Serbia's exports rose 6% and imports 4.1%.

August 1, 2013

Romania: Drop of VAT on Bread and Baked Goods

Around 70 percent of Romanian bread and baked goods are sold on the black market. A drop in VAT is supposed to change that.

July 31, 2013

Voestalpine: Cartel Proceedings Finally Settled

voestalpine AG response to the German Cartel Office's rail cartel announcement issued yesterday.

July 24, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 2013

Austrian GDP Growth Above European Average

In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.

July 12, 2013

Wienerberger‘s Brick Division Behind Expectations

Brick manufacturer Wienerberger informed investors about a rebound of the company’s biggest division: Business in Europe is considerably behind expectations.

July 12, 2013

Construction of voestalpine plant in US by Siemens and Midrex

voestalpine entrusts construction of the direct reduction plant in Texas to Siemens and Midrex.

July 5, 2013

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

Eder Appeals for Reindustrialization in Europe

In an interview with Austrian daily „Kurier“, Wolfgang Eder, CEO of Austrian steel producer voestalpine talks about the future of the European steel industry and the differences to the US energy policy.

June 20, 2013

Siemens VAI Lands Major Contract in China

Tangshan orders cold rolling complex from Siemens.

June 18, 2013

Bankruptcy Case Mayr-Melnhof in Switzerland

In Domat/Ems, Switzerland’s biggest sawmill was supposed to be operated. The only thing left now, however, is a financial hole running in the millions. Erste Group is concerned by losses as well.

June 17, 2013