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RHI: Rise in EBIT by 130%
The Austrian manufacturer of refractory products announced its preleminary results for 2010. Revenues increased by 23%. Operating result margin climbs from 6.4% to 9.1%.
March 9, 2011
Andritz: Favorable Business Development in 2010
The Austrian technology Group Andritz showed favorable business development in the 2010 business year. Sales rose by 11.1%, order intake increased by 23.4%
March 9, 2011
Austria's Public Debt Ratio Increases to over 80%
By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.
March 8, 2011
Demand for Minimum Wage meets with Hostility
The proposal by the Minister for officials, Gabriele Heinisch-Hosek, to introduce a minimum wage of € 1300, is mere populism, according to the Economic Chamber.
March 8, 2011
Zumtobel: Earnings Doubled
The Austrian lighting company announced its results for the first nine months of 2010/11. EBIT rose by 66%.
March 8, 2011
Demand for Increase in Retirement Age
Austrian Young Economy demands again a "sustainable" pension system. Less early retirement, but more later pensioning is required.
March 8, 2011
Leitl: "Research Support Should Be Pushed Now!"
The President of the Austrian Economic Chamber (WKÖ) speaks in favor of increasing the research bonus.
March 5, 2011
Austrian Clearingbank Concludes Activities
The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.
March 5, 2011
Danone Reports € 63m of Sales
The French producer of dairy products realizes € 63m of sales in Austria. Danone intends to extend its product line with organic products.
March 5, 2011
AWD Austria Records Losses
The Swiss/German financial consulter could not manage the turnaround in 2010.
March 5, 2011
Hardly any Effects Expected by Labor Market Opening
As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.
March 4, 2011
Economic Policy: Criticism of Berlin, Praise for Vienna
The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.
March 4, 2011
Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
March 4, 2011
High Losses for ÖVAG-subsidiary
VBI, the subsidiary of foreign equity holding company of the Austrian Volksbanken-Group, realized losses in 2010 amounting to € 21.8m.
March 4, 2011
Workers Continue Seeing the Situation on the Labor Market as Critical
The work climate index of the Austrian Chamber of Labour (AK, Arbeiterkammer Österreich) indicates that workers continue considering the situation on the labor market as critical despite rising employment.
March 4, 2011
Sales Declining at Spar Hungary
The food trade chain records declining sales in Hungary - for the first time in its history.
March 4, 2011
Leitl and Juncker Support a "Marshall Plan for Africa"
Austria and Luxembourg drive for support. Special attention is paid to education and know-how.
March 3, 2011
Slight Increase in Sales for Ottakringer
Yesterday, the Vienna beverage company Ottakringer Getränke AG announced preliminary figures for the financial year 2010.
March 3, 2011
Austrian Construction Supply Industry Stagnates
After a sales decrease of 11% in the crisis year 2009, total sales stagnates at € 3.2bn. The number of employees falls by 3.1%.
March 3, 2011
Verbund: Massive Decline in Results
As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.
March 3, 2011
FPÖ Intends to Establish Itself as an Economic Party
In an interview with the "Wirtschaftsblatt", FPÖ chairman Heinz-Christian Strache says that the party wishes to address entrepreneurs more strongly in future.
March 3, 2011
Binder+Co: Significant Rise in Sales and Profits
The Austrian engineering group Binder+Co was progressing well in 2010: sales revenues and EBIT above the level of last year, order intake up by 39%
March 3, 2011
Austrian Production Rising Substantially
Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.
March 2, 2011
Mitterlehner: "Companies are Taking On More Apprentices Again"
The Austrian Minister of Economy sees positive developments on the labor and apprenticeship market. The promotion of apprenticeships has proved to be successful.
March 2, 2011
Unemployment: Austria has Top-Position Among EU27
EU27 area unemployment rate at 9.9%, Austrian unemployment rate amounts to 4.3%. National youth unemployment is below the average too.
March 2, 2011
Strong Increase in Sales for austriamicrosystems
austriamicrosystems reports financial results for fiscal year 2010. With net profits of € 23.1m, he company managed the turnaround.
March 2, 2011
Massive Losses for Intercell
The Austrian pharmaceutical company today reported losses for 2010 amounting to € 255m. Operating cash flow has been strongly negative too.
March 2, 2011
Austrian Inflation Speeds Up
The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.
March 1, 2011
Massive Increase in Sales and Earnings for Kapsch
The Austrian Kapsch TrafficCom releases results for the third quarter of fiscal year 2010/11. EBIT margin doubled from 4.4% to 9.0%.
March 1, 2011
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
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