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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Kapsch and Thales Win Contract in Bulgaria
As leader of the consortium, Thales has signed a contract with the Bulgarian railway infrastructure company NRIC to provide electronic signalling and telecommunication technology for the Sofia-Plovdiv railway line.
February 7, 2013
Borealis to Acquire Outstanding Shares of TOTAL Affiliate GPN SA
Borealis, an Austrian provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL to purchase all outstanding shares of GPN SA, France’s largest nitrogen fertilizer manufacturer.
February 7, 2013
Czech Service Industry Shrinks
In Q4 2012, seasonally adjusted sales in services decreased, quarter-on-quarter, at constant prices by 1.6%.
February 7, 2013
Romania Privatizes Freight Division of National Railways
Romania´s government sells a 51% stake in CFR Marfa, the publicly held rail freight company.
February 6, 2013
Czech Construction Industry Shrinks Substantially
Construction output down by 6.5% in 2012. In December 2012 the construction output declined by 17.3%, year-on-year (y-o-y).
February 6, 2013
Turkish Airlines Expands Massively
According to CEO Temel Kotil, Turkish Airlines has an enormous growth potential. The function of Istanbul as hub between Asia and Europe is a crucial for Turkish Airlines.
February 6, 2013
Size of Austrian Bank Aid: € 20bn
Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.
February 5, 2013
Rothensteiner: „Bank Taxes Cause a Cut in Lending”
Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) says that bank taxes have a detrimental impact on the economic development.
February 5, 2013
Slovenia: Non-Performing Loans Still on the Rise
The banking system’s high credit risk increased slightly in the first nine months of the year, but at a slower pace than in 2011.
February 5, 2013
Slovenia´s Banking Industry in Distress
Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.
February 5, 2013
Immofinanz Continues Sales in Vienna
The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.
February 4, 2013
Alpine: Creditors Face Haircut
The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.
February 2, 2013
Schwarzenegger Calls for a “Sexy, Hip” Approach at the Vienna R20 Conference
Arnold Schwarzenegger called for an end to “doom and gloom” environmentalism and more of a “sexy, hip” approach at the Vienna R20 Conference.
February 1, 2013
Budapest Stock Exchange: One of the Region's Most Liquid Markets
Despite the globally dwindling capital market activity, the Budapest Stock Exchange (BSE) still remained one of the region's most liquid markets in 2012.
February 1, 2013
OMV Sells Its Marketing Subsidiary in Croatia
With this transaction OMV Refining and Marketing has completed the next step in implementing the defined divestment program.
February 1, 2013
RBI Posts Smaller Profit
RBI: Full year pre-tax profit 2012 slightly above € 1 billion (consolidated profit over € 700m).
January 31, 2013
Sale of Kommunalkredit to Collapse?
The sale of the Austrian nationalized bank is everything but successful. The sale will have to be postponed again.
January 31, 2013
Hungary: Lending Declines
Household and non-financial corporate sector interest rates: December 2012.
January 31, 2013
Nowotny Underlines Improving Outlook
Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.
January 30, 2013 · Updated: January 30, 2013; 18:34
OeNB: Austrian Banks Remain Cautious
According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.
January 30, 2013
Slovenia: Corporate Lending Falls Considerably
Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013
Serbia: Foreign Debt Grows
Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.
January 30, 2013
Bank Austria Centralizes Operations in Baltic Countries
The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.
January 29, 2013
Austria: Non Performing Loans on the Rise
According to RBI´s (Raiffeisen Bank International) CEO Herbert Stepic, the NPL quota has risen in Austria last year.
January 29, 2013
Continued Success for Austrian Wine Exports
The Austrian wine industry managed to maintain export volumes in 2012 despite the low yields and even saw revenues increase.
January 29, 2013
Peter Czapek becomes CEO of Bank Austria Real Invest
Gerhard Dreyer, 53, now responsible for Investment and Asset Management as well as Group Investments. Günter Hofbauer, 47, remains responsible for risk management and controlling.
January 29, 2013
Index Cooperation between Vienna Stock Exchange and Kazakhstan Stock Exchange
(The Vienna Stock Exchange has acquired a new index cooperation partner with the Kazakhstan Stock Exchange (KASE).
January 29, 2013
„Our Future is Central and Eastern Europe“
Andreas Treichl, CEO of Austrian Erste Group, stresses the importance of the CESEE region and the necessity to become more efficient.
January 29, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Andritz Acquires Majority stake in Shanghai Shende Machinery
Austrian technology Group Andritz has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting.
January 28, 2013
Austria Plans Biggest Hydro Power Plant in its History
In Southwestern Styria, Verbund, Austrian Railways and the Styrian energy supplier EStAG want invest more than € 1.0bn in a new hydro power plant.
January 26, 2013
Austria: Kommunalkredit May Become Even More Expensive
According to experts, the bail-out of the Austrian fully nationalized bank is not managed yet. Austrian taxpayers must expect further capital injections.
January 26, 2013 · Updated: January 26, 2013; 20:24
Erste Bank Savings and Credit Outlook: Austrians Only Cautiously Optimistic
Austrians: only one third expect an improvement in Europe's economic situation this year
January 25, 2013
EU Wants Austria to Give Up Bank Secret
Commissioner Algirdas Semeta threatens with a complaint against Austria. According tom him, Austria and Luxembourg are blocking the automatic information exchange.
January 25, 2013
Austrian Tourism Records New All-Time-High
Tourism in 2012: Almost 131 million overnights mark new all-time-high in number of overnights.
January 25, 2013
Hungary: Retail Trade Shrinks Significantly
The volume of sales in retail trade decreased by 4.1% in November.
January 25, 2013
Bank Austria Places € 500m Bond
Bank Austria today issued a five-year bond with a volume of EUR 500 million. This was the first euro-denominated senior unsecured benchmark bond from the bank in over seven years, and the first benchmark bond issued this year.
January 24, 2013
Treichl: „BCR Will be Positive this Year“
Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.
January 24, 2013 · Updated: January 24, 2013; 21:58
Vienna Suffers from Housing Shortages
In the next 20 years, Vienna will need up to 200,000 new accommodation units.
January 23, 2013
Turkey Plans to Build World´s Biggest Airport
Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.
January 23, 2013
Erste Group´s CEO Wants to Create CESEE Stock Exchange
Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).
January 23, 2013
Conwert Finishes Major Investment
The Austrian real estate company closes the acquisition of majority interest in KWG Kommunale Wohnen AG.
January 21, 2013
Nabucco: Decision Will Be Announced by Mid-2013
The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.
January 21, 2013
CESEE Property Market Highly Heterogeneous
In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.
January 21, 2013
Immofinanz: New Projects in Berlin
Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.
January 21, 2013
Hungary: Production of Main crops Decreases Sharply in 2012
In 2012, 25% less cereals were produced on a 2% larger area than in the previous year.
January 21, 2013
Strong Political Support for Nabucco
Nabucco countries acknowledge the ministerial declaration extending legal and regulatory framework to Nabucco West.
January 19, 2013
Stepic on Austrian Banking Sector: „There is some Need for Reforms”
In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.
January 19, 2013 · Updated: January 19, 2013; 19:31
Russian Rosatom May Build Nuclear Power Plant in Bohunice
Because of the completion of the Czech nuclear power plants, the Czech energy company CEZ is expected to withdraw from the construction project.
January 19, 2013
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