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
Revenue Growth by 30% for Quanmax
In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.
April 28, 2011
Verbund: Development of Operating Result Positive
Verbund, Austria's biggest electricity company, presents a considerable better operating result in quarter 1/2011, but a declining Group result due to one-off effects in the previous year that do not apply in the current reporting period.
April 28, 2011
Strabag Reports Stable Results
Revenues of the Austrian construction company decline slightly. Earnings per share show a plus of 8 % to € 1.53 – Management Board proposes a dividend per share of € 0.55.
April 28, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Erste Group Reports Small Profit Increase
Erste Group increases Q1 2011 net profit to € 260.6 m on lower risk costs, despite negative impact from banking taxes.
April 28, 2011
Austrian Educational Level Rises
Educational level of young people aged 15 to 34 compared with their parents: Trend towards higher education.
April 28, 2011
Decline in Profits for Wiener Privatbank
The profits of the Privatbank fell by 34% in 2010. The bank reported an equity ratio of 48% on the 2010 balance sheet date (31 December 2009: 44%).
April 28, 2011
Strabag: Significant Rise in Earnings Expected
According to analysts, the Austrian construction company will record a substantial rise in profits. However, sales will decline.
April 28, 2011
Sales Increase for Plaut
Plaut Aktiengesellschaft, which is listed on the General Standard segment of Frankfurt Stock Exchange announces a significant growth in sales as well as profits.
April 28, 2011
SW Umwelttechnik Reports Satisfying Rise in Sales
Sales of the Austrian technology company were up by 12%. The company completed its first major export projects in Bulgaria and Moldova.
April 28, 2011
Lending Behavior of Banks Remains Stable
The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.
April 28, 2011
Industrial Business Situation: Optimism with Restrictions
Economic recovery continues in Austria, as well as employment growth. Capacity utilization remains stable
April 28, 2011
Erste Group: Slight Increase in Profits Expected
UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.
April 27, 2011
"Austria has Lost its Chance"
The labor market opening of Austria for the more recent EU member states comes too late, according to the manufacturing industry.
April 27, 2011
Austrians are Patriots when Shopping for Food
A majority of Austrian consumers puts emphasis on the domestic origin of food.
April 27, 2011
New High for Austria´s New Indebtedness
Austria´s budget deficit for 2010 is at 4.6%, which is the highest one in the last 15 years. However, the average of EU-countries is even higher.
April 27, 2011
EVN-Subsidiary Records Substantial Rise in Profits
The Rohöl-Aufsuchungs AG (RAG) shows a 23.1% increase in sales. Profits were up by 60%.
April 27, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
Lower Austria Seeks Airport Privatization
Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.
April 23, 2011
Rising Production in Austrian Industries
Austrian Production index in February 2011: 8.9% over February 2010
April 23, 2011
Austrian Government Reshuffle has been Completed
The resignation of Josef Pröll triggered a reshuffle in the ÖVP. Most of the positions have been filled by now.
April 22, 2011
aws: Willingness to Invest in Austria’s Manufacturing Industry Grows
The investment projects promoted from January to March 2011 were larger and more ambitious than one year ago.
April 22, 2011
Texas Offers Opportunities for Austria's Energy Industry
Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.
April 22, 2011
Herbst’s Withdrawal is Imminent
The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.
April 22, 2011
Rising Number of One-Day Registrations of Cars
One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours
April 22, 2011
Banner on Growth Course
The Upper-Austrian manufacturer of car batteries could raise its sales up to € 225m. Investments of € 20m are planned.
April 22, 2011
Erste Group Wins Lawsuit in Sweden
In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.
April 21, 2011
More Unemployed are Looking for Full-Time Jobs Than at the Start of the Crisis
The Austrian Chamber of Labor criticizes that despite the economic boom there are less full-time jobs available than before the economic crisis.
April 21, 2011
WKÖ on Mongolia: "A Country with Development Potential"
The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.
April 21, 2011
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
Fast News Search
This category only
