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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
WKÖ: Development Plan for North Africa
Given the dramatic situation in North Africa, Christoph Leitl, President of the Economic Chamber (WKÖ) pleads for a ‘European Marshall Plan'.
March 1, 2011
SW Umwelttechnik: Turnover up by 12%
Despite improving sales, the Austrian company still records losses. However, the operating results are positive.
March 1, 2011
Beko Still Reports Losses
Despite a strong increase in sales, the Austrian ITservice provider is still in the red.
February 26, 2011
Stable Sales for Rewe Austria
The German food retail group was able to increase its sales moderately last year. The number of employees has increased.
February 26, 2011
Henkel CEE grows in Eastern Europe
The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.
February 26, 2011
EVN Records Rising Revenues
The Austrian energy company announced its results for the first quarter in 2010/11. EVN could benefit from rising electricity costs.
February 26, 2011
Hirsch Servo Reports Improvements, but Still Losses
Sales rose by 20%, the EBIT could turn into black. However, profit after taxes are still negative.
February 26, 2011
BWT Records strong Increase in Sales and EBIT
The Austrian Water Technology company posts an increase in sales by 15%. EBIT grew by 17.4%.
February 26, 2011
Profit Record for Erste Group
Austrian Erste Group increases 2010 net profit by 12.4% to € 1,015.4 m on strong operating result and lower risk costs.
February 26, 2011
Significant Growth for Borealis
The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.
February 26, 2011
Vienna is Among the Cities with the Greatest Purchasing Power in Europe
Austria comes out relatively well in a study on the purchasing power of Europe The capital leads the Austrian comparison.
February 25, 2011
Strong Sales Growth for McDonald's
The fast-food chain achieved 9.4% more customers. Sales increased by 8.7%.
February 25, 2011
Mixed Results for Investors in Bosnia
The outlook for 2011 is positive. Last year, however, was difficult for Austrian companies in Bosnia-Herzegovina.
February 25, 2011
Erste Group: Strong Increase in Lending
The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.
February 25, 2011
HEAD NV Announces Higher Sales
The Dutch/Austrian global manufacturer and marketer of sports equipment, announced the preliminary results today.
February 25, 2011
Tightening of Credit Policy Expected
The new Basel III rules will result in a tightening in lending, especially for small and medium-sized enterprises.
February 25, 2011
Leitl Fears Falling Back behind Asia
During a state visit to Singapore the President of the Austrian Economic Chamber (WKÖ) again urges the Austrian government to undertake reforms.
February 24, 2011
Increase of Inflation Forecast
The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices
February 24, 2011
Strong Growth in Results for OMV
The Austrian energy company OMV records a strong increase in EBIT as well as profitability.
February 24, 2011
Austria's Insurance Industry Is on the Rise
In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.
February 24, 2011
Leitl Demands More Support for SMEs
The Small Business Act must be also implemented at national level in a sustained way, says the President of the Austrian Economic Chamber.
February 24, 2011
Rosenbauer Group: Growing Sales and Results
EBIT could almost double, revenues rose by 10%. However, the order intake decreased by 14%.
February 24, 2011
Molterer Nominated as Vice-President of the EIB
Former Vice-Chancellor and Finance Minister Wilhelm Molterer is nominanted as candidate for Vice-President of the European Investment Bank (EIB).
February 23, 2011
Sales Growth for Quehenberger
The Austrian logistics company posted higher sales in 2010 than expected, however without reaching the profit zone.
February 23, 2011
Manufacturing Industry Welcomes Red-White-Red Card"
IV-President Sorger: Innovative immigration system is an incentive for highly skilled workers; the abolition of the quota is a major political location signal.
February 23, 2011
Kazakhstan as a Chance for Foreign Trade
Austrian Economic Chamber promotes further development of economic relations with Kazakhstan.
February 23, 2011
WKÖ: "Clear Commitment to the Brenner Base Tunnel is Needed”
The chairman of the Austrian Economic Chamber considers the tunnel between Italy and Austria as a pioneering infrastructure project.
February 23, 2011
Wienerberger Still in the Red
The Austrian brick manufacturer experiences declining sales. Losses were reduced.
February 23, 2011
Brenner Tunnel: ÖBB will not pay
The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.
February 22, 2011
Sales Declining at Strabag
The Austrian construction company recorded an output volume at € 12.8bn in 2010. Order backlog up 6%
February 22, 2011
Pankl Racing Systems AG: Doubling Profits, Stagnating Sales
The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.
February 22, 2011
Strongly rising Sales and Earnings for Lenzing Group
The Lenzing Group, an Austrian operator in cellulose fibers for the textile and nonwovens industry, achieved record results in the 2010 business year.
February 22, 2011
Saving in Austria Still Popular
Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.
February 22, 2011
Record Sales for Würth Austria
The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations
February 22, 2011
Austrian Economic Chamber pursues contacts in New Zealand
A business delegation led by WKÖ President Leitl visits New Zealand and Australia to strenghten economic relations.
February 22, 2011
Austrian Economic Chamber in Singapore
The Austrian Economic Chamber’s delegation pursues contacts with potential partners during the state visit of President Fischer.
February 22, 2011
Minister for Social Affairs: Retirement Age to be Raised
The Austrian Minister for Social Affairs, Rudolf Hundstorfer, intends to raise the retirement age until 2025.
February 19, 2011
Baumit Group: Steady Sales
The sales situation of the Austrian construction group shows hardly any changes: sales for € 790m were recorded in 2010.
February 19, 2011
Free Trade Agreement with South Korea
WKÖ: Additional trade potential for Austrian companies in South Korea for € 350m.
February 19, 2011
Austrian Industrial Producer Prices up by 4.9%
Ongoing upward trend for industrial producer prices in December 2010: +4.9% compared to December 2009; Annual average 2010: +2.7% against 2009
February 19, 2011
voestalpine: EBIT Rise Three-Fold
The Austrian steel company voestalpine records a further progression of earnings in 3rd fiscal quarter 2010/11.
February 19, 2011
The IHS insists on higher retirement age
The Institute of Advanced Studies (IHS) admonishes the Austrian government to raise the retirement age.
February 18, 2011
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
Shortage of Highly Skilled Workers in Austria
The lack of highly qualified employees in Austria turns into an increasingly strong competitive disadvantage.
February 18, 2011
EU Requests Nabucco to Enter a Cooperation
The European Union is pushing a merger between Nabucco and the ITGI pipeline project.
February 18, 2011
Semperit: Substantial Rise in Earnings
The Semperit Group could achieve a new revenue and earnings record in 2010. Revenue was up by 17.2%, EBIT rose by 18.4%.
February 18, 2011
Sanochemia: Strong Increase in EBIT
The Austrian pharmaceutical company today announced its figures for Q1. Earnings rise eight-fold.
February 18, 2011
Strong Sales Growth Expected for voestalpine
Analysts expect that the largest Austrian steel group will present strong quarterly results.
February 17, 2011
Austria's Budget Deficit is Lower than Expected
The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.
February 17, 2011
Austrian Economic Chamber criticizes Pension System
The Premium Model of the Economic Chambers rewards working longer instead of early retirement.
February 17, 2011
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