Sponsored Content
Vienna International Business News | Economic | Investment | Financial
Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments
Fierce Criticism of Austria's Energy Policy
Anschober (Greens): "The Minister of Economy insists on the worst promotion policy of green electricity in Europe: this is hostile to the business and labor market"
April 21, 2011
Research Undertaken by Enterprises is Growing Again
An increase in research expenditure of 5% is expected for 2011. The expenditure should amount to € 8.3bn this year.
April 20, 2011
Verbund Subsidiary Sorgenia Managed Turnaround
The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.
April 20, 2011
Sales Increase of 7.4% for Intersport
Sales of Intersport Austria-group grew by 7.4% to € 667.7m (2008/2009: € 622m) in the financial year 2009/2010.
April 20, 2011
Austria's Dairy Industry has Overcome the Crisis
Sales of dairies increased by 5%, results declined slightly. The export share is 43.5%.
April 20, 2011
Strong Profit Growth for Raiffeisen Landesbank Niederösterreich-Vienna
The annual income of the regional bank rose by 80.5% to € 308.6m. The operating profit grew by 57.8%.
April 20, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
Record Results for Rosenbauer Group
The Austrian company manufacturing fire fighting vehicles could realize a rise of 70% in EBIT. Export ratio amounts to 93%.
April 20, 2011
Decrease in Profit at Hypo Lower Austria
Despite improvements in operating profits, net profit of the company drops from € 19.8m to € 7.1m.
April 19, 2011
Rethinking of Health Policy Required
Junge Wirtschaft (Young Business) demands more economic incentives for healthy lifestyles for employees. This should allow an increase in retirement age.
April 19, 2011
Bad Image for Tourism-Related Professions
Austria's tourism industry workers are dissatisfied with their jobs because of relatively low pay and bad working conditions.
April 19, 2011
Insolvencies on the Rise Again
Although insolvencies for the full year 2010 decreased by almost 6%, there sees to be a trend reversal in the first three months of 2011.
April 19, 2011
Losses for update software AG
The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.
April 19, 2011
Prices for Industrial Goods still on the Rise
Industrial producer prices are still increasing in Austria: +5.3% in February 2011 compared to February 2010.
April 19, 2011
Moderate Increase in Used Motor Vehicles
Registrations of used motor vehicles from January to March 2011: +6.2%; passenger cars +5.8%, lorries +3.9%
April 19, 2011
Austrian Research Intensity Expected to be 2.79% of GDP in 2011
According to an estimate of Statistics Austria, for the first time presumably more than €8 billion will be spent on research and experimental development (R&D) in 2011.
April 19, 2011
ÖVAG Group Achieved Turnaround in 2010
Operating results rose by 34% against 2009, profit after taxes was € 55m. The government participation capital will be refunded this year.
April 18, 2011
Maria Fekter is the New Finance Minister
As part of the changes in the ÖVP government team, Minister for Internal Affairs Maria Fekter changes over to the more prestigious Ministry of Finance
April 16, 2011
Financial Problems in Austrian Municipalities
The revenue of Austrian municipalities should not be fall further in 2011, however, new expenditures will be caused by additional competences.
April 16, 2011
Inflation went up to 3.1%
Austrian Consumer Price Inflation increased to 3.1% in March 2011 - the main drivers are energy and food prices.
April 16, 2011
"Austria Has a Historical Chance to Become Europe’s Logistics Hub"
Sources from the transport industry consider that Austria offers potentials, mainly in the Danube and rail traffic.
April 16, 2011
Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller
For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.
April 16, 2011
Austrian Construction Costs Increase Further
Construction cost continued to increase sharply in March 2011: +3.3% against 2010.
April 16, 2011
Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna
The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.
April 16, 2011
Austria Fell for the First Time in the International Property Rights Index
The IPRI compares 129 different countries for their economic benefits in strong protection of land, intellectual property and other private property.
April 15, 2011
ÖBB Debt Reduction is Further Delayed
The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,
April 15, 2011
Raiffeisen Zentralbank Posts 57% Increase in Profits
Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).
April 15, 2011
Sparkassen Immobilien AG: Significant EBIT Improvement
The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.
April 15, 2011
Semperit AG Holding: Thomas Fahnemann succeeds Rainer Zellner as CEO
New composition of Management and Supervisory Boards. Annual General Meeting approves dividend of € 1.25 per share.
April 15, 2011
Spindelegger New Vice-Chancellor and Head of ÖVP
Michael Spindelegger succeeds Josef Pröll as leader of the conservative party and Vice-Chancellor. Who will be in charge of the Minister of Finance, is still not clear.
April 15, 2011
Households are Relying Increasingly on Managed Financial Products
Almost half the savings of Austrian households were invested in mutual fund shares, life insurance or pension funds, i.e. in managed financial products.
April 15, 2011
ÖBB Promote Construction of the Brenner Tunnel
After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.
April 14, 2011
Electric Mobility as a Topic of the Future for Domestic Enterprises
Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.
April 14, 2011
Austria's trade as a Job Creation Engine
77,000 jobs were created by trades and crafts in the last eight years. The manufacturing industry lost 17,000.
April 14, 2011
Kommunalkredit within the Profit Sector
After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.
April 14, 2011
Vice-Chancellor Pröll Resigns
The Minister of Finance and Vice-Chancelor of Austria, Josef Pröll, decides to leave the political arena.
April 13, 2011
Decline in Sales for Salzburg AG
The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.
April 13, 2011
Austria's Labor Costs above EU Average
An hour of work costs an Austrian employer an average € 28.00 - six euro more than the EU average.
April 13, 2011
AutoBank‘s Figures Slightly Negative
The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.
April 13, 2011
Increase in Passengers at VIA
Vienna International Airport: 4.9% higher passenger traffic in March 2011
April 12, 2011
Monthly Expenditures of Austrian Households: € 2,910
Household Budget Survey 2009/10: Monthly expenditures for housing and energy account for 24%.
April 12, 2011
No Rush Expected on the Labor Market after the End of the Transitional Periods
After 30 April 2011, an additional access to the Austrian labor market of about 11,500-16,500 people annually from Hungary, the Czech Republic and Slovakia is expected.
April 12, 2011
Strong Growth in Earnings for Generali Austria
Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.
April 12, 2011
Registration of new passenger cars increased by 7.8%
New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.
April 11, 2011
Hundstorfer and Leitl Promote Increase in Retirement Age
The Austrian Minister of Social Affairs as well as the Head of WKÖ (Austrian Economic Chamber, Christoph Leitl, want to reduce public payments for pensions.
April 11, 2011
Styria: "The crisis is over"
The Austrian Institute of Economic Research (WIFO) considers that the federal province hit extremely hard by the economic crisis has resumed the upward trend.
April 9, 2011
ÖVAG Participates in the Stress Test
Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.
April 9, 2011
Leitl: Export Year 2011 Started in a Fulminant Way
Exports increased in January by 26%; the target for the full year is to achieve the pre-crisis year’s record export volume of € 117bn.
April 9, 2011
Raiffeisen Bank International Posts Consolidated Profit of € 1.1bn in 2010
Consolidated profit rises 141.5 per cent year-on-year to € 1,087 m (pro forma 2009: € 450 m)
April 9, 2011
ÖIAG Provides Increased Revenue for the Sate
The Austrian state holding company will deliver about 250mby means of higher dividend payments to its owner, the Republic of Austria.
April 8, 2011
Fast News Search
This category only
