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Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments
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
Tax Revenue from the Tyrolean Industry is Picking up Strongly
IV (Industrialists Association) President Schretter said: "The manufacturing industry contributes hugely to prosperity; no new burdens for our companies, the costs of green electricity are an enormous burden"
March 15, 2011
Austria Intends to Participate in World Bank Projects
AWO has been leading companies to international financial institutions: the World Bank annually awards about $ 70bn in loans for development projects
March 15, 2011
Wlodkowski: "Renewable Energy is the Only Road for the Future"
The President of the Chamber of Agriculture calls for the promotion of renewable energies. A "Fossil-lobby" allegedly wants to prevent this.
March 15, 2011
WKÖ Leads Austrian Education Exporters to China
WKÖ Secretary-General Hochhauser: Hong Kong continues being the gateway to China; Austrian exports rose to over € 500m.
March 12, 2011
Österreichische Kontrollbank: "There are no Failures to be Feared"
Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.
March 12, 2011
Rise in Austrian Exports by 21.0%
January to December 2010: imports considerably above, exports just below € 110bn.
March 12, 2011
Significant Savings Potential by the Administration
Efficiency potential in public expenditure of over € 500 million. Felderer: "Significant savings potential”.
March 11, 2011
Saubermacher Plans Expansion
The Austrian recycling company continues developing successfully. An expansion in South East Europe is being sought.
March 11, 2011
2.7% Economic Growth Due to Exports
Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.
March 11, 2011
AWO Presents Business Opportunities for Austrian Companies in China
Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).
March 11, 2011
Orange: Customer Growth and More Profits
The French telecommunications company in Austria managed to increase its profits in Austria despite falling sales.
March 11, 2011
Schoeller-Bleckmann Records Steep Rise in Profits
Schoeller-Bleckmann Oilfield Equipment AG: Substantial profit improvement in fiscal 2010 – Dividend proposal € 1.00 after € 0.50
March 11, 2011
Lack of Venture Capital for Austrian Companies
The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.
March 10, 2011
Economic Chamber Demands Redeployment of "Manual Workers Regulation" in Favor of Research
The Austrian Economic Chamber presented a list of demands to the federal government. Critics say it is to no purpose.
March 10, 2011
Leitl Favors EU Financial Transaction Tax
The President of the Austrian Economic Chamber says: "The EU Parliamen has taken an important step towards EU financial transaction tax"
March 10, 2011
Significant Rise in Earnings for CA Immo
The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.
March 10, 2011
Moderate Rise in Turnover for Austrian Service Industry
Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming
March 10, 2011
Significant Rise in Car Registrations
February 2011: Considerable increases for new passenger cars in Austria: +21.2%; over one-third more diesel-driven vehicles. Registrations rose by 23.5%.
March 10, 2011
New Sharp Criticism of the Pension System
Austria's Young Industry's opinion on pensions: "politicians can no longer deny reality" There are many known weaknesses in the system.
March 9, 2011
Austria's Businesses Satisfied with Government Research Initiative
The strategy of the Federal Government regarding RTI (Research, Technology and Innovation) is an important step for the location Austria, according to the opinion of the Economic Chamber.
March 9, 2011
Lenzing AG: 2010 Figures Confirmed
The management of the Austrian Fiber Manufacturer proposes dividend of € 1.55 per share for 2010.
March 9, 2011
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