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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Hungary: Industrial Production Continues Decreasing
According to preliminary data, the Hungarian industrial production decreased by 1.4% in January.
March 7, 2013
Hungary: Expropriation of Foreign Farmers
Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.
March 7, 2013
Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison
Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.
March 6, 2013
Latvia: Drop in Industrial Productivity by 3.5 %
Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %
March 6, 2013
Estonia: Turnover in Business Sector Increased by 7 %
2012 proves to be a successful year for the business sector
March 6, 2013
Bulgaria: Electricity Rate to be Reduced by 7 %
Experts still fear that the reduction in electricity prices will not help stopping protests.
March 6, 2013
Slovakia: Gross Domestic Product Rose in Q 4 of 2012
Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.
March 6, 2013
Lithuania: Investment in Tangible Fixed Assets and Construction 2012 Grew Slightly
Statistics Lithuania presents a statistical publication Investment in Tangible Fixed Assets and Construction, which provides statistical information for the year 2012 prepared based on quarterly statistical survey data.
March 6, 2013
Verbund: Group Result Increased, Higher Dividend
EBITDA: +15.4% to €1.2bn | Group result: +9.4% to €389m | Recommended dividend: +9% | €0.60 per share.
March 6, 2013
Austria: Zumtobel Attracted Attention of FMA
The sudden price slump of 6 % for shares astonishes the authorities. Profits have dropped from € 18.0m to € 9.7m.
March 6, 2013
Verbund AG: New appointments to the Executive Board
Peter Kollmann becomes new CFO of the Austrian energy supplier. CEO Wolfgang Anzengruber was confirmed.
March 5, 2013
Austria: Rise in Profits to be Expected for Verbund
Specialists predict a plus in profits while revenues receded by approx. 17 %.
March 5, 2013
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn
The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.
March 5, 2013
Austria: New CEO for Alpine
The construction company was saved from bankrupcy and is now looking for a new CEO
March 5, 2013
“Austrian Industry Still Taking a Breather”
Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.
March 5, 2013
Austria: Insurance Company Allianz Gains Profits
Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.
March 5, 2013
Czech Airlines May be Taken Over by Korean Air
The Korean airline company aims to take over the publicly held stake in Czech Airlines.
March 5, 2013
Austria: Zumtobel Shows Profit Shrinkage and Faces Structural Measures
Group revenues fade by 1.8% to EUR 946.5 million (prior year: EUR 964.2 million) while adjusted EBIT totals EUR 29.5 million (adj. EBIT margin: 3.1%; prior year: 3.5%). Adj. EBIT is higher in Q3 than in prior year due to structural adjustment measures.
March 5, 2013
Austria: Alpine Turns Out a Big Burden For FCC
The construction company has avoided bankrupcy and is save – for the time being.
March 5, 2013
Bulgaria: Eagles Briges Civic Association To Be Found in Sofia
Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.
March 4, 2013
Czech Republic: Economy still Down. Hopes are Up.
Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.
March 4, 2013
Hungary: Percentage of Foreign Direct Investments in Decline
Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
March 4, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
Slovakia: Economy Stagnating
On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %
March 4, 2013
Estonia: Stable Growth in Retail Sales
According to Statistics Estonia, in January 2013 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 4% at constant prices.
March 4, 2013
“I do not expect for crediting requirements to tighten”
There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
Latvia: Retail Trade Turnover Grows Moderately
Last month, the turnover in the Latvian retail trade industry was up by 1.2%. Compared to January 2012, the turnover was up by 5.2%.
March 2, 2013
BayernLB Rejects Settlement with Hypo Group
The German banking group and its former Austrian subsidiary do not reach a compromise. BayernLB wants Hypo Group to repay a loan of € 2.3bn.
March 2, 2013
Romania As Risk Factor for Austria´s Public Finance
The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.
March 2, 2013
Does the Hungarian Telecommunication Sector Face Nationalizations?
According to rumors, Hungary´s government plans to nationalize the Hungarian subsidiary of the telecommunication operator Vodafone.
March 2, 2013
Lithuanian Banking Sector: Lending Up, Profitability Down
Over the past year, the assets of banks operating in the country and branches of foreign banks decreased.
March 2, 2013
Poland: LOT Airline Downsizing Personnel
Due to the restructuring program, the unprofitable airline company has to lay off 360 workers.
March 2, 2013
Alpine: Austrian Ministry of Finance Rejects Waiver
Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.
March 1, 2013
Romania: Moderate Growth in Manufacturing and Construction Industry
Trends in the evolution of economic activity during: February - April 2013.
March 1, 2013
Hungary: Rise in Investments in Manufactury Industry
Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.
March 1, 2013
Hungary: Significant Drop in Retail Sales
Sales are falling particularly in food, drinks, tobacco, petrol, books and computer equipment.
March 1, 2013
Alpine: Future Still Highly Uncertain
Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.
February 28, 2013
T-Mobile: Profitability Deteriorates
The Austrian subsidiary of Deutsche Telekom suffers from declining turnover and EBITDA figures.
February 28, 2013
Hungary Enlarges Railway Network
State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013
Fekter Pleased with New Banking Regulations
Austrian Minister of Finance: "Agreement stabilizes banking sector, protects taxpayers and strengthens Austrian SMEs".
February 28, 2013
Austrian Private Banking Market Consolidates
Bank Austria Private Banking sees itself as benefiting from this development. “The idea of security in asset management must constantly be redefined. Investors will have to accept more risk.” Bank Austria says.
February 28, 2013
EVN Suffers from Business in Bulgaria
In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level
February 28, 2013
Erste Group: Profit Higher than Expected
The Austrian bank posts a net profit of EUR 483.5 million in 2012.
February 28, 2013
Austria: “Short Supply on Real Estate Market”
Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.
February 27, 2013
Alpine: Major Contract in Czech Republic
Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.
February 26, 2013
Austrian Railways Achieved Net Profit Last Year
For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.
February 26, 2013
Erste Group: High Losses Ahead
Analysts believe that the Austrian bank record substantial losses in the fourth quarter of 2012.
February 26, 2013
Austria: Wienerberger in the Red
Results for 2012:Group revenues: € 2,356 million (+23% versus 2011). Operating EBITDA: € 246 million (+2% versus 2011). After tax loss: € 41 million.
February 26, 2013
CEZ: Czech Republic Calls Brussels for Help
After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.
February 25, 2013
Austria: Final Talks about the Future of Alpine
Everything revolves around the debt cut and the Future of Construction Company.
February 25, 2013
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