Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments
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Vienna International Business News | Economic | Investment | Financial

Economic Chamber President Leitl Demands Financial Transaction Tax

There is consensus between the Presidents of the Economic Chamber and the Federation of Trade Unions.

November 23, 2010

Atrium Announces Q1-Q3 2010 Results

Atrium European Real Estate, a real estate company focused on CEE countries, leaves the red and records a strong operational performance.

November 22, 2010

Volksbanken Group Announces Q3 Results

Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.

November 22, 2010

BKS and BTV Show Profit Growth

The two sister banks report strong profits. Expectations are cautiously optimistic.

November 22, 2010

Pankl Announces 2009/10 Results

The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.

November 22, 2010

Job Dissatisfaction Rises Dramatically

Austrians show themselves increasingly dissatisfied with their work. The current working climate index is at its lowest level in four years.

November 22, 2010

Solid Growth inTrade Between Austria and the Czech Republic

Exports between the two countries rise by around 20%. Cooperation is to be extended also to research.

November 22, 2010

CEE: Catch-Up Process Starts Again

After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.

November 22, 2010

IHS: Capital Gains Tax on Securities is Absurd

The introduction of the capital gains tax on securities would encourage speculation rather than contain it, says IHS (Institute for Advanced Studies) Director Felderer. Private investors are the victims

November 22, 2010

Rosenbauer Group Announces Q1-Q3 2010 Results

Revenues rose by 9.6%, EBIT is 22.4% above the level of 1-9/2009.

November 19, 2010

Economic Espionage: Damages for 880 Million Euro in Austria

Every year, Austrian companies lose 880 million euro to economic and industrial espionage.

November 18, 2010

Bwin Announces Q1-Q3 2010 Results

Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.

November 18, 2010

OECD: Austria's growth until 2012 at 2%

According to the report, the economy is returning back to normal values, but it will have to manage without fiscal stimulus.

November 18, 2010

Study: Agricultural Subsidies Produce No Growth

The Austrian Institute of Economic Research has determined that growth in the Austrian regions is accelerated by EU regional promotional financing, but not by agricultural subsidies.

November 18, 2010

Roche Lays Off 400 Jobs in Styria

The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.

November 18, 2010

Allianz Austria Announces Q1-Q3 2010 Results

With good results for the first nine months, both in the investment and the core business, Allianz could increase the net operating result by 27.3%.

November 18, 2010

Voestalpine Announces Q1-Q3 2010 Results

Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales

November 18, 2010

Linz Textil Announces Q1-Q3 2010 Results

The textile group was able to attain a sales increase of 20% and also a significant increase in earnings.

November 18, 2010

Indonesia and Austria Agree to Extend Cooperation

President Fischer officially visited the Islamic Republic Indonesia, which is of the most important future markets of the South Asian region for Austria.

November 17, 2010

Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3

Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.

November 17, 2010

Binder&Co; Announces Q1-Q3 Results

Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.

November 17, 2010

Junge Industrie Wien: Explosive Generational Balance Study

Junge Industrie Wien calls for "courageous steps". The credo is future investments instead of transfer payments.

November 17, 2010

Private Consumption of Austrians Increases

After the crisis of 2009, in which private consumption stagnated, expenditure on consumption rises massively again. The growth rate is 4.2%,

November 17, 2010

Industry Welcomes EU Energy Infrastructure Package

Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.

November 17, 2010

Hoteliers: Threat of Staff Shortage

On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.

November 17, 2010

GPA: Private Employees Receive 2.2% Salary Increase.

Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".

November 17, 2010

Warimpex Announces Results of Q1-Q3 2010

Upward trend continues in the third quarter of 2010: Sales up by 21 percent.

November 17, 2010

Post AG Announces Results for Q1-Q3 2010

The Austrian Post experienced a very stable period. Sales declined slightly, EBIT and cashflows increase moderately.

November 17, 2010

Mayr-Melnhof Announces Results for Q3 2010

Mayr-Melnhof records a significant increase of results in Q3. The rise in cartonboard prices compensates the recent cost surge.

November 16, 2010

Procurement: Economy Welcomes Extension

Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse

November 16, 2010

Study: 41% of Working Time in Austria is Unproductive

According to a study by the consulting firm Czipin Consulting, productivity continued to fall in 2008 and 2009.

November 16, 2010

Oberbank Announces Results for Third Quarter 2010

Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.

November 16, 2010

Consumer Price Inflation up to 2.0% in October 2010

Main drivers for inflation are energy prices. Thus, inflation further accelerates.

November 16, 2010

WKÖ: China Overtakes the U.S. as the Most Important Overseas Austrian Trade Partner

The volume of foreign trade (exports and imports) with China in the second third of the year was 5.6 billion euro compared to 5.1 billion euro with the U.S.

November 16, 2010

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
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