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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Bank Austria Considers Withdrawing from Kazakhstan
ATF-Bank, the Kazakh subsidiary of Bank Austria is said to be sold.
November 16, 2012
CA Immo: New Major Tenant in Vienna
The Austrian real estate supplier lets 21,500 sqm of Viennese office building to Bosch
November 16, 2012
Borealis: Profits and Sales Increase Remarkably
The Austrian chemical group Borealis recorded a net profit of € 129m in the third quarter of 2012, an increase of € 22m compared to the third quarter of 2011
November 16, 2012
Voestalpine: Expansion into U.S.
The special steel division Böhler Uddeholm of the Austrian steel producer voestalpine opens a new site in Illinois.
November 15, 2012
Declining Profit at Mayr-Melnhof
Sales remained almost stable, net income was down by 20%. Regarding the near future, the company is cautious.
November 15, 2012
Immofinanz: Major Success in Hungary
The Austrian real estate company concludes one of the biggest logistics leasing transactions of the year in Hungary.
November 15, 2012
Hypo Group: Cash Contributions Come at € 500m
The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.
November 14, 2012
CESEE: Massive Capital Outflow
In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.
November 14, 2012
CA Immo Expands in Warsaw
“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.
November 14, 2012
Bank Austria: “Austrian agriculture has optimistic prospects for the future”
Agricultural revenues grew by roughly one third in 2010 and 2011 to EUR 2.6 billion. Agriculture loses a bit of momentum in 2012: Losses in revenue despite price increases due to dramatic decline in harvest yields.
November 14, 2012
Telekom Austria´s Profit Falls Considerably
In the third quarter of 2012, the net income was down by 22%. Revenues declined slightly. In the first nine months of 2012, the performance could improve against the reference period.
November 14, 2012
Bank Austria Posts Net Profit Increase
Net operating profit up by 11 per cent thanks to slight growth in customer business, flat cost trend and further decline in provisioning charge.
November 14, 2012
Hungary: Head of Banking Association Resigns
The chairman of the Hungarian Banking Association Mihaly Patai steps down. He explains that the Hungarian state overburdens the banking sector.
November 13, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
Wienerberger: Earnings Up, Profits Down
Today, the Austrian brick group has published the results for the first nine months of 2012. Group revenues were up by 18%. Net profit declined by 26%.
November 13, 2012
Telekom Austria Under Pressure
The biggest telecommunication operator in Austria is expected to record lower profits. Moreover, the share price has reached an all-time low today.
November 12, 2012
Lenzing: Earnings Expected to Decrease
The Austrian fiber producer will present its results for the third quarter on Thursday. Operating results are expected to fall by 31%.
November 12, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
CESEE: Lending Shrinks
Foreign banks reduce lending in Central, Eastern and Southeastern Europe. Hungary and Southeastern Europe are most affected.
November 12, 2012
Borealis to Acquire Dutch DEXPlastomers
The Austrian chemical group expands into the Netherlands.
November 12, 2012
Austrian Airlines: Passenger Number Declines
From January – October 2012: 1.7 percent more passengers were carried. In October, the number of passengers was down slightly.
November 12, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
VBAG Expects Substantial Losses in 2012
This year, the partially nationalized Austrian bank will record losses reaching a two-digit million amount.
November 10, 2012
Alpine: Funding is Secured
The financially stricken construction company has reached an agreement with its creditors.
November 10, 2012
Czech Republic to Enlarge Nuclear Energy Production
Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.
November 9, 2012
Erste Group Best Private Bank in Central & Eastern Europe 2012
Due to centralized strategy combined with extensive regional know-how, Erste Group Private Banking substantially expanded its client base, managing assets worth around EUR 15bn across CEE.
November 9, 2012
RHI Opens Largest Raw Material Fusion Plant
Largest on-shore investment in Norway. Independence from Asian imports strengthened.
November 9, 2012
OMV Fosters its Presence in the UK
The Austrian oil and gas group has been awarded 16 exploration blocks and part-blocks in one of its core growth markets West of Shetlands.
November 9, 2012
Strabag: Major Order in Chile
Strabag awarded large-scale contract for Alto Maipo Hydropower Plant in Chile. Contract value of USD 490m. Design and construction time of four and a half years.
November 9, 2012
CEE Deleveraging Remains Moderate
Austrian, German and Italian banks kept lending to CEE6 (except Hungary) relatively stable. Shifts in foreign capital structure and allocation from private to public sector might pose risks to future growth.
November 8, 2012
Voestalpine: Savings Higher than Planned
The Austrian steel group could reduce its costs more effectively than initially planned. From 2010 to 2013, total savings reach € 650m.
November 7, 2012
Erste Group Supports Romanian BCR
The Austrian bank Erste Group injects € 111m in Romanian BCR.
November 7, 2012
A-Tec: Quota Reaches 39%
The insolvent A-Tec Group pays out the insolvency quota next week.
November 7, 2012
Slovakia: Internal Trade Growing Moderately
The Slovakian retail trade sector is shrinking. The wholesale turnover was up by 2.2%
November 7, 2012
Slovenia: Creation of Bad Bank Should Solve Credit Crunch
At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.
November 6, 2012
OMV: Good Performance Expected
The Austrian oil and gas group will publish the results for the first nine months tomorrow.
November 6, 2012
Poland: Lending Criteria to Tighten
According to the Polish National Bank (NBP), banks will tighten lending conditions further. NBP wants to support economic growth, but has to prevent a credit bubble.
November 6, 2012
Hypo Group Starts Selling Business in SEE
The nationalized Austrian banking group has to downsize drastically. Today, Hypo Group started to put the subsidiaries in Southeastern Europe for sale.
November 6, 2012
Czech Construction Industry Affected by Recession
In September 2012 the construction output decreased by 10.6%, year-on-year (y-o-y), in real terms.
November 6, 2012
AMAG: Sales Up, Earnings Down
Sales up slightly to € 635m from same nine-month-period of prior year. EBITDA for the AMAG Group at€ 109.9m in the first three quarters of 2012 (comparable period of 2011: € 124.6m).
November 6, 2012
Andritz Group With Solid Business Development
The Austrian technology Group Andritz showed solid business development during the third quarter of 2012 and the first three quarters of 2012. Net income was up by 11.1%.
November 6, 2012
RHI Increases Earnings Again
Revenues of the Austrian RHI Group increased by 7.0% in the third quarter of 2012 in comparison to the same quarter of 2011 and amounted to € 459.9 million.
November 6, 2012
Croatia Does not Participate in South Stream Pipeline
The Russian gas pipeline South Stream will not run across Croatia. Initially, Croatia was viewed as transit country.
November 5, 2012
Magna May Withdraw from Austria
The automotive group threatens to leave Austria. The wages would be too high, Magna Europe´s CEO Günther Apfalter says in an interview with “Kurier”.
November 5, 2012
Hungary: New Threats for Banks
The Hungarian government plans to take over debts from small municipalities. Banks fear that the Hungarian state demands a debt relief.
November 5, 2012
Hungary: Decrease in Home Construction
In the first nine months of 2012, 6509 new dwellings were built, 20 percent fewer than a year ago.
November 5, 2012
Hybrid Bond for Hypo Group
In order to cover the capital shortfall of Hypo Group, the Austrian state may inject € 500m into the nationalized bank. Furthermore, the bank plans to issue bonds worth € 1.0bn.
November 3, 2012
Moody´s Downgrades Austrian VBAG
The U.S. rating agency underlines that the Austrian state will help the financially stricken bank further.
November 3, 2012
RHI: Satisfying Results Ahead
The Austrian refractory company faces high expectations. The results of the third quarter will be published next Tuesday.
November 3, 2012
Austrian Airlines: Austerity Program Not Finished
In the first nine months, AUA´s operating income was positive. However, the restructuring process will go on.
November 2, 2012
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