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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Rothensteiner: „No Credit Crunch“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.
December 3, 2012
Verbund Sells Enerjisa to E.ON
Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.
December 3, 2012
CA Immo: Major Leasing Agreement in Bulgaria
Together with its joint venture partners Robul and Bank Austria Real Invest, CA Immo has already signed new lease agreements for around 17,600 sqm of space in the Megapark office complex this year.
December 3, 2012
RHI: USA and India as Growth Markets
CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.
December 1, 2012
Czech Republic: Deposits Grow Substantially
At the end of September, client deposits at Czech banks reached CZK 3,100bn. Compared to September 2011, this is an increase by 8.3%.
December 1, 2012
Serbia: Industrial Data on the Rise
In Serbia, the economic activity and foreign trade grows again, the Statistical Office says.
December 1, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
Austrian Industrial Sector Expands
Positive production trends in industry and construction in August 2012; turnover +3.9%. Output of construction of buildings and civil engineering increased by 6.3% from January until August 2012.
November 30, 2012
VBAG Records Operating Losses
The Group result was positive only because of one time effects due to accounting regulation. Next year, VBAG expects substantial losses again.
November 30, 2012
“Turnaround in sight for industrial activity”
The Bank Austria Purchasing Managers' Index climbs in November to best reading since June. Rising orders nudge production up slightly in Austrian industry for the first time since the summer
November 30, 2012
Hypo Group Sold AluFlexPack to MTC
After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.
November 30, 2012
RHI: 2012 Will be Successful
The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.
November 30, 2012
OMV Sells Its Marketing Subsidiary in Bosnia-Herzegovina
With this move, OMV Refining & Marketing has completed the next step in implementing the defined divestment program that contributes to reduce the weighting of the Refining and Marketing division in the overall OMV portfolio.
November 30, 2012
Slovenia to Inject Further Money in NLB
The biggest Slovenian banking group NLB records a capital shortfall of € 375m. Risky loans reach more than € 1.5bn.
November 29, 2012
The Banker: RBI Bank of the Year in CEE
Already fourth award for RBI as “Best Bank” in CEE this year. Network banks in Albania, Belarus, Bosnia and Herzegovina and Romania receive local “Bank of the Year“ awards.
November 29, 2012
IMF: Higher Risks for Austrian Banks in CESEE
In an interview with the Austrian news magazine “Presse”, IMF´s Executive Director Johann Prader explained that the European debt crisis has arrived in Central, East and Southeast Europe.
November 28, 2012
Strabag: Losses Ahead
Next Friday, the Austrian construction group presents its results for the first nine months of 2012.
November 28, 2012
„Too Many Banks in Austria“
Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.
November 28, 2012
Austrians Reject Further Bank Aids
About 61% of the Austrian citizens are against further bank aids by the Austrian state. Economists fear that the bank aids are lost forever.
November 28, 2012
Uniqa: Earnings and Net Income Improved Substantially
EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.
November 28, 2012
RBI: Net Income Up by 13%
Raiffeisen Bank International posts a profit before tax of more than € 1bn for the first three quarters.
November 28, 2012
RBI Expected to Record Higher Net Results
Tomorrow, Raiffeisen Bank International (RBI) publishes its results for the first nine months of 2012. The interest income is anticipated to decline slightly.
November 27, 2012
Orange-Takeover: One Step Closer to the Goal
Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.
November 27, 2012
Hungary: Retail Trade Sector Shrinks
Due to the declining real income, sales in the retail trade industry fell by 3.9% compared to 2011.
November 26, 2012
OMV Focuses on Black Sea and North Sea
By 2020, the Austrian oil and gas group will ship natural gas from the Black Sea to Austria. Investments in the North Sea region are being fostered.
November 24, 2012
KA Finanz: Capital Shortfall to Become Bigger
The financially stricken bank is expected to need further cash contributions.
November 24, 2012
Austrian Railways: Sale is „No Issue”
Christian Kern, CEO of Austrian Railways (ÖBB) underlines that the company must not be sold.
November 24, 2012
Hungary: Small Concession for Banking Industry
The banking sector in Hungary is under pressure. The government in Budapest decided to pay back debts of municipalities by the end of the year.
November 24, 2012
New Record Results for Montana Tech Components
The Switzerland-based industrial group Montana Tech Components AG (MTC-Group) recorded an increase in turnover by 10%. EBITDA was up by 33%.
November 23, 2012
Porr: Renaissance Group to Enlarge its Interest
The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.
November 23, 2012
VIG: Satisfying Results Ahead
Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.
November 23, 2012
Verbund Leaves Turkey
The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.
November 23, 2012
Slovenian NKBM in Difficulties
The second-biggest Slovenian Nova Kreditna Banka Maribor (NKBM) bank suffers from its risky assets. The NPL quota is still on the rise.
November 22, 2012
OMV to Expand Production
Until 2016, the Austrian gas and oil group intends to enhance the daily production up to 350,000 barrels.
November 22, 2012
RBI Threatens to Leave Hungary
The Austrian Raiffeisen Bank International criticizes the burden for the banking sector in Hungary.
November 22, 2012
Porr: Shareholder Structure to Change
The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.
November 22, 2012
AMAG: Management Board Reappointed
The Supervisory Board of AMAG Austria Metall AG announces the reappointment of the Management Board members.
November 22, 2012
Vienna International Airport Improves Results
Positive commercial development at Flughafen Wien AG: first three quarters bring higher revenues and earnings.
November 22, 2012
Conwert Notes Falling Revenue and Net Income
The Austrian real estate company publishes results for the first nine months of 2012. Earnings before tax (EBT) at 22.5m increased more than sixfold.
November 22, 2012
Kapsch TrafficCom: Losses Ahead
The Austrian toll system developper Kapsch TrafficCom will publish its results tomorrow.
November 21, 2012
Real Estate Market: Austria Is Underdeveloped
Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012
Hutchison Austria: Takeover Approved
The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.
November 21, 2012
AUA to Strengthen CEE Network
After Air Berlin decided to reduce the number of flights from Vienna to Eastern European destinations, Austrian Airlines intends to fill the gap.
November 20, 2012
CA Immo: Mixed Results
Consolidated net income after minorities increased by 27% to € 39.0 m in the first nine months of 2012. EBIT was down by 11.8%.
November 20, 2012
OMV Underlines Necessity of Shale Gas Production
The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.
November 20, 2012
Hungarian Construction Industry Performs Well
In September 2012, construction increased by 6.8% in output year-on-year. The construction of buildings rose by 4.2% and that of civil engineering works grew by 9.4%.
November 20, 2012
Ukrainian Banking Sector Expands Slightly
Despite the economic slowdown in the Ukraine, lending is on the rise.
November 19, 2012
Bawag: Cerberus Shares Ownership with U.S. Hedge Fund
The U.S. hedge fund Golden Tree Asset Management becomes a 40% shareholder at the Austrian bank.
November 19, 2012
U.S. Investors Dominate Viennese Prime Market
Vienna Stock Exchange Road Shows in Zurich and New York Garner Great Interest.
November 19, 2012
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