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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
BTV with Record Figures in 2010
The regional bank for Tyrol and Vorarlberg was able to increase its net income from 20.4% to 61.8%.
March 26, 2011 · Updated: March 26, 2011; 13:03
Manufacturing Industry on Pensions: Structural Reform has to be Adressed Urgently
Manufacturing industry representatives were surprised at ÖGB statements. Instead of early retirements, more funds should be freed for future investments.
March 26, 2011
Increase in sales for OeKB Versicherung
After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.
March 26, 2011
Brau Union with Stable Results
The Austrian brewery Brau Union has sold more beer again, while maintaining sales and profits. Innovations and a more aggressive pricing policy provided for market growth.
March 26, 2011 · Updated: March 26, 2011; 12:10
Austrian Industrial Production Still Growing
Statistics Austria: Rise in Production index in January 2011: 8.4% over January 2010
March 26, 2011
“GemeindeMilliarde” Initiative of Bank Austria Extended
In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m
March 26, 2011
The Black Sea Region is Gaining in Significance for the Austrian Economy
Austria's sound foreign economic relations with the Black Sea region could be strengthened still further. The export structure of Austria is consistent to a large extent with the import demand of Ukraine and Turkey.
March 25, 2011 · Updated: March 25, 2011; 03:52
Economy: "South Axis” Demands Recovery Program
Styria and Carinthia are at a disadvantage concerning infrastructure compared with other provinces, was the criticism of the Economic Chambers of the "strong south".
March 25, 2011
Record Sales for VAMED AG
The Austrian health care group was able to increase sales and EBIT by 15%. Orders on hand at over € 800m are record high.
March 25, 2011 · Updated: March 25, 2011; 03:24
Upward Trend for Austria's Machinery and Metal Products Industry
The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).
March 25, 2011 · Updated: March 25, 2011; 03:12
Flughafen Wien Group: Net profit rises by 3.2%
Revenue: plus 6.4% to € 533.8 m, net profit: € 73.3m. Traffic: plus 8.7% in passengers to 19.7 m
March 25, 2011
Austrian Unemployment Shrinks Further
Increase in jobs and decrease in unemployment in the fourth quarter of 2010; job market relief in 2010 compared to 2009
March 25, 2011
Leitl Promotes Green Electricity Amendment
The Economic Chamber President welcomes the initiative of the Minister of Economy: green electricity is promoted, reduced the backlog of planned investments.
March 24, 2011 · Updated: March 24, 2011; 01:34
The Austrian Food Industry Still Suffers from Sales Decreases
The domestic food industry is faced with declining sales for the second year in a row: 2010 registered a decrease of 4.5%.
March 24, 2011 · Updated: March 24, 2011; 01:01
Collective Contracts: Wage Increase of 2.95% for 130,000 Construction Workers
In the current collective negotiation rounds, the construction union managed to get the so far highest wage increase. The paper-manufacturing industry agreed on an increase of 2.4%.
March 24, 2011 · Updated: March 24, 2011; 00:31
Bawag Announces Being Back in Black
Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.
March 24, 2011
Gebrüder Weiss Books Persistent Growth
The Austrian transport and logistics company closed the 2010 financial year with a provisional 17.8% increase in turnover compared to the previous year.
March 24, 2011
Bank Austria: Operating Performance Improved, Net Profits Decline
The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.
March 24, 2011
conwert Announces Augmenting Operating Results
conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.
March 24, 2011
No Sale of ÖBB-Power Plants
The proposal that the Austrian Federal Railways sell its assets rather than increase its capital meets with vehement rejection.
March 23, 2011
Higher Profits for UBM Despite Lower Production in 2010
Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.
March 23, 2011
Austria's Export Industry Grows Strongly
Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.
March 23, 2011
Eco Business Back in Black
The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
March 22, 2011
Austrian Producer Prices Still on the Rise
Strong rise of industrial producer prices in January 2011: +5.0% compared to January 2010.
March 22, 2011
Semperit Raises Dividends
The Austrian Semperit Group confirms the figures announced on February 17, 2011 for the 2010 financial year.
March 22, 2011
300,000 Austrians in Poverty despite Working
The term "working poor" is an established fact in Austria. Full 6% of full-time employees are in poverty.
March 22, 2011
Europäische Reiseversicherung AG on Growth Path
Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.
March 22, 2011
Manufacturing Industry Sharply Criticizes the Union
Employees' proposals are not very productive, the Austrian Industrial Association says. There is no shift from wages toward corporate profits.
March 22, 2011
WKÖ: No EU Interference in Tariff Negotiations
The President of the Austrian Economic Chamber expects no interference from Brussels in domestic collective agreement negotiations.
March 22, 2011
Strong Increase in Car Registrations
Demand for passenger cars increases heavily in Austria. Registrations of used motor vehicles in February 2011: +15.0%; passenger cars +14.0%, lorries +10.6%
March 22, 2011
Pankl: Operating Profits Rising
Pankl Racing Systems AG confirms preliminary figures for the 15-month period 2009/10. EBIT doubled. sales remained stable.
March 22, 2011
RLB Upper Austria Records Massive Increase in Earnings
Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.
March 21, 2011
Austrian National Bank Expects Tougher "Stress Tests"
The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).
March 19, 2011
Ikrath: "Bank Tax Should Fall in 2012"
Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).
March 19, 2011
Austria's Agricultural Exports Continued to Rise in 2010
Ministry of Agriculture: "Success of export initiative and focus on quality of domestic agriculture”.
March 19, 2011
Young Industry on Pensions: Failure of Politicians is "Evidence of Incapacity"
Mitterbauer said: "Austria continues to be a record holder for early retirement, despite the massive and long-term need for action." Inaction is "an affront to the younger generations".
March 19, 2011
Rising Sales for Pfanner
The Austrian fruit juice producer achieves sales at its pre-crisis level. In 2010, sales amounted to € 235m after € 225m in 2009.
March 19, 2011
Mayr-Melnhof: Satisfying Results for 2010
The Austrian packaging company realized an increase in sales by 11.1.% Profit was above the previous year´s level by 13.3%.
March 18, 2011
Disaster in Japan Stops Exports
Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.
March 18, 2011
Tough Negotiations Epected in Austria's Electrical Industry
Collective agreement negotiations for about 50,000 workers in the electrical industry start today.
March 18, 2011
Manufacturing Industry Supports Reform of the Energy System
Federation of Austrian Industries: "Energy efficiency has to get back into focus, the development of hydropower is a priority for Austria"
March 17, 2011 · Updated: March 18, 2011; 01:24
Austrian Airlines Reduces Losses
Loss from operating activities substantially decreased: from minus € 230.9m to minus € 64.7m. Number of passengers grew by 9.7%.
March 18, 2011
Steiermärkische Sparkasse Doubled Profits
The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011
Vienna Reacts to Predicted Housing Shortage
Union and construction industry welcome the "housing offensive" of the city government.
March 17, 2011
Satisfactory Results for Insurance Industry
According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.
March 17, 2011
Austrian Inflation Rate Increases up to 3.1%
Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.
March 17, 2011
Good Prospects for Kärntner Sparkasse
The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.
March 16, 2011
Employment Reduction in Austrian Manufacturing Industry
The number of workers in the manufacturing industry fell by 3.2% in 2010. Moreover, there was a massive reduction in the demand for temporary workers.
March 16, 2011
WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"
Production value of Austrian industry remains behind pre-crisis values despite a recovery.
March 16, 2011
Austrian Post: Stable Turnover, Increasing Earnings
Revenue was up by 0.3%. EBIT rose by 5.0% to € 156.9m. Dividend proposal to the Annual General Meeting: € 1.60 per share
March 16, 2011
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