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Vienna International Business News | Economic | Investment | Financial

Infenion Announces 4Q 2010 Results

Quarterly revenue up by 6 percent sequentially. Segment Results of € 171m, a 24 percent increase from prior quarter.

November 16, 2010

Semperit Announces its Results of Q1-Q3 2010

Group revenue up by 17% to € 519.3m. EBT rose by. 15% to € 62.9m

November 16, 2010

Lenzing Group Announces Results for Q3 2010

Lenzing experiences its best quarter in company history. A new record result is expected for 2010.

November 16, 2010

Austria's Exposure in Ireland: 3.4 Billion Euro

Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.

November 15, 2010

Austria´s Economy: Recovery Accelerates

According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.

November 15, 2010

Mechanical Engineering Returns to High of Growth

The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.

November 15, 2010

High Demand for Minimum Benefit

In the first month after the introduction of the minimum benefit already 14,500 applications have been submitted. A significantly lower demand had been expected.

November 15, 2010

The ÖBB is a Risk Factor for the State Budget

While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.

November 15, 2010

OeNB Governor Nowotny "During the Crisis, the Euro Acted as a Protection Shield Beyond the Euro Area"

The Governor of the Austrian National Bank, Ewald Nowotny warns to fiscal discipline and talks about economic challenges and opportunities in Europe.

November 15, 2010

C-Quadrat Investment AG Reports Q1-3/2010 Results

The fund management company records increasing income as well as rising profits.

November 15, 2010

Infrastructure Development: Investing in the Future or Incurring Debt?

While industry competes for sites for the development of infrastructure, legitimate questions are being raised on financial issues.

November 15, 2010

Traffic Expenditures: € 4.3bn less

As a consequence of the new budget, public infrastructure projects are being reduced considerably. Postponed projects and low-cost alternatives will save money.

November 12, 2010

Fabasoft Announces Figures for the First Half of 2010

Fabasoft AG announces preliminary Group figures for the first half of the fiscal year 2010/2011. Slight losses are expected.

November 12, 2010

Wind Energy: Vendors Pressed for Time

Promotion for Austrian wind energy expires in 2012. The industry has only recently been able to set up new facilities.

November 12, 2010

It is Official: Coalition Between SPÖ and Greens in Vienna

Vassilakou becomes Deputy Mayor under Häupl. The program aims to have a recognizable green handwriting.

November 12, 2010

BWT Announces its Results for Q3

BWT records a strong growth in revenues and EBITDA. However, net results fell by 10%.

November 12, 2010

Austria: Strong Growth Again in the Third Quarter 2010

According to the latest flash estimate of the Austrian Institute of Economic Research (WIFO), Austria's economy again expanded in the third quarter of 2010 by 0.9% over the previous quarter (after +1.2% in the second quarter).

November 12, 2010

Carinthia: Industry Faces Stagnation

Despite recent positive economic data, Carinthian industrial firms are less confident. For the coming year, a stagnation in production and in profits is expected.

November 11, 2010

Linz AG: Pause After Investment Offensive

The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.

November 11, 2010

Telekom Srbija: Sale is Resisted

The partially for sale Telekom Srbija which Telekom Austria is said to be interested in, raises passions in Serbia. Opposition to the sale is taking shape.

November 11, 2010

Pankl Announces Results for 2009/10

The Styrian company Pankl Racing Systems AG presented its preliminary results for the 12-Month period in fiscal year 2009/10. Revenues grew by 20.5 percent in Q4.

November 11, 2010

Manner: Slight Decline in Sales and Profits

Sales of the Viennese confectionery manufacturer are 1.4% lower that those of the previous year. Continued high prices of raw materials put pressure on the results.

November 11, 2010

Standard & Poor’s: Austria's Credit Rating at Risk

The reasons for such gloomy prospects are not problems with the banks or domestic companies, but rather the demographic situation threaten Austria's credit rating.

November 11, 2010

Strabag: Major Contract in Romania for 220 Million Euro

A consortium led by Austria's Strabag has won a contract to build a Romanian motorway for 220.6 million euro.

November 11, 2010

Frauenthal Announces Results for Third Quarter of 2010

The process of consolidation at the Frauenthal Group continued according to schedule in the third quarter: revenues increased by 17.8%.

November 11, 2010

Vienna International Airport: Strong Increase in Passengers

Vienna International Airport: Plus 11.4% in passengers during October 2010. Forecast for 2010: +9.0 % in passengers.

November 11, 2010

Palfinger: Upward Trend in the First Three Quarters 2010

Market recovery and savings measures allowed for above-average increase in earnings. Revenue grew by 19.9 percent to € 464.9m

November 11, 2010

Erste Group: CEE Companies More Efficient than Western Counterparts

CEE companies are more efficient, more profitable and less indebted as Western companies. The German corporate sector is the only sector to compete with CEE companies.

November 10, 2010

Leitl: Austrians Go into Retirement Too Early

Those who go into early retirement in Austria are rewarded. The government should create more incentives to retire later on in life.

November 10, 2010

Sharp decline in Creation of New Foundations

In particular, legal uncertainty and abolished tax advantages cause the creation of fewer foundations in Austria.

November 10, 2010

UniCredit CEO Ghizzoni: Counting on eastern growth

The eastern business should be expanded, says Ghizzoni, CEO of the parent company of Bank Austria.

November 10, 2010

Construction Costs: Continuous Upward Trend

Just as previously, construction prices continue rising in Austria. There is no end in sight for the upwards trend.

November 10, 2010

Bank Austria: Results for the First Nine Months of 2010

Bank Austria experienced a significant drop in profits as well as operating results. However, the third quarter of 2010 showed an outstanding performance.

November 10, 2010

Results of Telekom Austria Group for the First Nine Months

Group revenues declined by 3.9% to € 3,480.1m, operating income increased dramatically.

November 10, 2010

Strong Growth of Austria's Export Figures

Growth in exports was 15.3% in the first eight months of 2010, mainly to emerging markets.

November 10, 2010

OMV Announces Results of January – September 2010

Austria´s biggest company posts a strong operating performance compared to previous year.

November 10, 2010

Intercell AG: Losses Doubled, Positive Outlook

Today, Vienna-based Intercell AG announced its financial results for the third quarter of 2010 and presented changes to the Management Board.

November 9, 2010

OeKB: Further Expansion in CEE Region

According to the OeKB (Oesterreichische Kontrollbank), the business climate index in Central and Eastern Europe (CEE) showed an improvement in recent months.

November 9, 2010

Fast Growth in Temporary Employment

The demand for temporary workers has increased strongly on the Austrian labor market strong, reaching almost the level before the economic crisis.

November 9, 2010

JoWood: Losses Over 20 Million Euro

The stock exchange listed Viennese computer game manufacturer Jowood Entertainment AG continues showing massive losses for the half year. A capital reduction is imminent.

November 9, 2010

Equity Ratio of SME has Increased to Around 25%

According to the Austrian Institute for SME Research, the equity ratio for SME grows. Large companies, however, are faced with declining equity ratios.

November 9, 2010

Vienna Insurance Group: Robust Rise in Earnings and Profits

Vienna Insurance Group experienced a rise in profits by 10,9 percent. Premiums increased by 7,1 percent to € 6.5 bn.

November 9, 2010

Austerity Package: Resistance from the Federal Provinces

While cries for savings are getting louder in the provinces, declarations of both consensus and objections come from the provincial capital cities

November 8, 2010

Metal Workers: Up to 3% Wage Increase

Workers in the metal industry receive a strong wage increase. The minimum wage rises by 2.5%.

November 8, 2010

Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver

The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.

November 8, 2010

Umweltdachverband: Electricity Industry Power Plant List is Utopian!

Energy projects are unrealistic, alternatives have been ignored and the environment is neglected completely, according to the accusations.

November 8, 2010

Bank Boss Confirms: Bank Tax will be Passed on to Customers

Massive criticism of the federal government is also coming now from the boss of Raiffeisen Zentralbank (RZB). Bank customers will have to bear both the bank tax and the securities tax.

November 8, 2010

Andritz: Favorable Development in the First Three Quarters

Technology Group ANDRITZ showed a favorable business development in the first three quarters of 2010. Sales, earnings and profitability rose substantially.

November 8, 2010

Bank Tax: Constitutional Concerns

Banks are to contribute a fixed tax amount based on the values given for 2010 for three years. Constitutional jurists consider this modus operandi as "highly questionable".

November 8, 2010

Union: Call After 40 weeks of Work per Year

The Union of Salaried Employees (GPA) presents a new working model.

November 5, 2010