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
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
Economic Indicator: 2011 Brings More Dynamism to Austria's Economy
Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.
February 17, 2011
Vacancies in Austria up by 64%
78,900 job vacancies in the fourth quarter 2010, an annual percentage change of +64%.
February 17, 2011
Increase in Electricity and Gas Consumption
Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.
February 16, 2011
Real Estate Privatization: Proceeds up to € 1.5bn
According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.
February 16, 2011
Bizarre Allegations of Meinl against Atrium
The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.
February 16, 2011
Sales Increase at Frauenthal
The Austrian component supplier, which is listed on the Viennese Stock Exchange, could improve its financial data moderately.
February 16, 2011
Strong Sales and Weak Profits in Austria's Retail Business
Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".
February 16, 2011
aws: Investments in Austria Rise Again
"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).
February 16, 2011
Economic Growth Decreased Slightly in the 4th Quarter of 2010
The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.
February 16, 2011
Construction Costs Further on the Rise
The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.
February 16, 2011
Declining Trend in Insolvencies is Forecast for 2011
2011 brings a slight decline in insolvencies to Austria, but the economic recovery will not suffice for a substantial change in the trend.
February 16, 2011
Accusations against Hypo Group in Slovenia
The Austrian bank is under investigation because of suspicious real estate and financial transactions.
February 15, 2011
Eder Favors Further Privatizations
The CEO of Austria's largest steel company, voestalpine, would like to see the state pushed away from business still further.
February 15, 2011
ECB: Praet Succeeds Tumpel-Gugerell
The Belgian Peter Praet succeeds the Austrian Gertrude Tumpel-Gugerell as new member of the Executive Board of the ECB (European Central Bank).
February 15, 2011
SPÖ against expanding the ÖIAG
The expansion urged by Industrial Association and the ÖVP meets the resistance of the Social Democratic coalition partner.
February 15, 2011
Industrial Activity: Styria above Austrian Average
The economic barometer of the Styrian manufacturing industry is above the average of the federal provinces for the fourth consecutive year. Optimism for 2011 is increasing.
February 15, 2011
Technology Offensive in Carinthia
Very powerful R&D developments are to be observed in Carinthia: expenditure for R&D rose from 0.42% in 1993 to 2.43% according to the latest figures.
February 14, 2011
Stepic: Austria is Destroying its Business Location
The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.
February 12, 2011
Fabasoft: Decrease in Sales and EBIT
The Austrian Fabasoft AG announces preliminary figures for the first nine months of the fiscal year 2010/2011
February 12, 2011
Austrian Unemployment Shrinks
The unemployment rate (Austrian standard) decreased from 8.9% in January 2010 to 8.5% in January 2011.
February 12, 2011
Strong Sales Forecast for BWT
The Austrian water technology specialist counts on large sales growth rates for 2010 and 2011.
February 11, 2011
Fast News Search
This category only
