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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Red Bull: Austria’s Most Valuable Brand
According to the brand ranking “Brandz” by Millward Brown, Apple leads the way. Red Bull comes at 83rd rank before Pepsi and Nescafe.
May 21, 2013
Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“
In the margin of the Council of Ministers, Finance Minister Maria Fekter announced that Austria will hand in the new restructuring plan for Hypo Alpe Adria Group to the EU Commission in the coming days.
May 21, 2013
Slovenia Hoping for Soon Recovery
Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.
May 21, 2013
Petrom to Invest in Oil Field Redevelopment
OMV Petrom invests € 90m for the Oprisenesti oil field redevelopment.
May 21, 2013
Austria: Preliminary Results on Hypo Group Expected Next Week
Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.
May 17, 2013
Croatia: PM Warns Of Croatia Airlines’ Downfall
Prime Minister Milanovic stresses the need to make changes to guarantee a future for the airline company.
May 17, 2013
Alpine Denies Bankruptcy Rumors
The Austrian construction company is to sell its affiliates. However, the expected sale earnings are disproportionate, according to experts. Spanish parent company FCC is said of not being able to raise any further aid money.
May 17, 2013
Croatia‘s and Hungary‘s Fight About Oil Company Ina
The dispute between core shareholders of Croatian oil producer Ina has started anew.
May 17, 2013
Hypo to Require € 1bn This Year
The ailing banking institute Hypo Group in the province of Carinthia will need € 1bn. On Friday, the managing board of Hypo Group will present a restructuring plan to the Finance Minister.
May 17, 2013
Austria: New Bidder for Hypo Group
Apart from Indian Srei Group, a new interested party has entered the match for the ailing banking institute.
May 16, 2013
Turmoil At Croatian Airlines
Employees of the carrier have been on strike for the third day in a row. Numerous flights, including air travels to Austria, had to be cancelled.
May 16, 2013
Austria: Biggest Investor in Serbia
Serbia encourages Austrian enterprises to further invest in Serbian industries.
May 16, 2013
Three Major Energy Companies to Withdraw from Poland
After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.
May 16, 2013
Voestalpine Hopes for Participation in South Stream Project
CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.
May 16, 2013
Poland: Rescue Loan for LOT Approved
A new law passed on Friday makes it possible to privatize Polish carrier LOT.
May 16, 2013
Austrian Government Desperate to Sell Hypo Group
Without an agreement for a new plan and without more time for the selling of the Eastern affiliates, the crisis-struck banking institute Hypo Alpe Adria Group will not be able to make up the balances anymore, according to Austrian newspaper Presse.
May 16, 2013
Alpine: Dispute in Poland About to Escalate
A dispute about the construction of a bridge has intensified. The construction company Alpine has withdrawn from the contract for the building of a highway segment in Poland.
May 15, 2013
Bosnia, Serbia and Turkey to Sign Economic and Trade Agreement
Ministers for trade and economy from Ankara, Belgrade and Sarajevo agreed to improve economic relations in an effort to enhance shared trade.
May 15, 2013
Ukraine and Poland Could Be Future Leaders in Shale Gas Production
Management consultant enterprise A. T. Kearney regards Poland and Ukraine as the future European leaders in the productin of shale gas.
May 15, 2013
Austria: EU Competition Authority to Search Agrana
The European competition authority has paid a visit to listed starch and sugar producer Agrana in April.
May 15, 2013
Poland: PZU to Acquire Croatia Osiguranje
After years of looking for an opportunity to invest further, PZU, Poland’s major state-owned insurance company, is focusing on aquiring a controlling stake in Croatia Osiguranje.
May 14, 2013
AUA: Increased Capacity Utilization in Europe
Traffic Results for April 2013: Increased capacity utilization in Europe
May 14, 2013
Strabag Subsidiary to Build Motorway in Poland
Strabag subsidiary building A4 motorway in Poland
May 14, 2013
Rosenbauer: Out of Court Settlement Reached
Rosenbauer and two other manufacturers have signed a settlement agreement with the German municipal umbrella organizations providing for out-of-court restitution in connection with the fire fighting vehicle cartel in Germany.
May 14, 2013
Zumtobel: Factory Expansion Despite JCL Exit
Zumtobel stands by outsourcing of logistics despite JCL exit.
May 14, 2013
Austria: OeNB Positive About Hypo’s Future
Issuing Bank Director Ittner is confident that it will not come to a liquidation of the ailing banking institute.
May 14, 2013
US Software Producer Oracle to Invest in Romania
US software producer Oracle will invest approximately € 100m in Romania
May 14, 2013
Majority of Czechs Want to Keep the Koruna
A clear majority of Czech citizens reject the Euro and want to keep their national currency, the Czech Koruna.
May 14, 2013
Slovenia Pressed to Take “Swift and Decisive” Actions
On Monday Eurozone Finance Ministers warned Slovenia to take “swift and decisive” action to address its economic imbalances.
May 14, 2013
Austria to Give Up Bank Secret for Foreigners
After years of blocking, Austrian Finance Minister Maria Fekter gave green light to the abandoning of the bank secret for foreigners.
May 14, 2013
Poland: LOT Ready To Be Privatized
A new law passed on Friday makes it possible to privatize Polish carrier LOT.
May 14, 2013
Indian Srei Group to Acquire Austrian Hypo?
Austria is looking for a buyer for the domestic Hypo affiliates. Indian Srei Group seems to have good chances.
May 13, 2013
EU Commission Expects Austria to Agree To EUSD
Head of Eurogroup Jeroen Dijsselbloem expects a constructive approach of Austria in the debate about the automatice exchange of data of tax foreigners in Europe.
May 13, 2013
Austria: Domestic Banks Reject Taking Over Hypo Group
The task force, appointed for Hypo Alpe Adria Group by the government, held a meeting again today. It is only two more weeks until the suggestions have to be presented to Brussels. Domestic banks reject participating in a bad bank.
May 13, 2013
Main Investors at CEE Stock Exchange Group from US
Institutional Investors and the CEE Stock Exchange Group in 2012.
May 13, 2013
CEE/CESEE: Banking Sector on Fastlane
The banking sector in CEE continues to outperform its Western European counterpart.
May 13, 2013
Slovenia Likely To Require More State Funds Than Expected
According to Morgan Stanley, the Slovenian national treasury will need a further amount of € 11bn until 2016. Slovenian Finance Minister Cufer is expected to present the new program in Brussels today.
May 13, 2013
Bulgaria: CEZ to Keep License
Former PM Borisov had been critical of CEZ in Bulgaria. Energy Minister Vasilev annouced the power supplier would not lose its license.
May 13, 2013
Austrian Bank Secret: Faymann Vs. Fekter
Austria‘s agreement to an automatic exchange of data has become a personal match between Chancellor Faymann and Finance Minister Fekter.
May 13, 2013
Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy
Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.
May 10, 2013
CEESE: Economic Growth Stagnant
Orban claims Hungary is the country with the highest growth rate in CEE/CESEE next year.
May 10, 2013
Slovenia: NLB to Fire Workstaff
Slovenia's biggest bank, NLB, is to make up to 700 of its workstaff redundant.
May 10, 2013
Slovenia to Raise VAT and Sell 15 State Enterpises
Slovenia has announced to put 15 state companies up for sale and raise VAT in order to acquire revenues and avoid international bailout.
May 10, 2013
Maria Fekter: Hot-Tempered Lady At the Fireplace
Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.
May 8, 2013
Gazpromneft-Aero Signed Major Contract With Turkish Airlines
Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.
May 8, 2013
Austria: Task Force for Hypo Group
The Austrian government is going to establish a task force for the nationalized by force problem bank Hypo Alpe Adria Group.
May 8, 2013
Czech Republic: Extraordinary Income Boosts CEZ Results
Increase in net profits by 24 % results from revenues from the certificates and integrations.
May 8, 2013
Austria: Pipelife Strengthens Wienerberger Q1 Results
Long, snowy winter leads to volume declines for Bricks & Tiles Europe. Report First Quarter 2013
May 8, 2013
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