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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
Austria: Lending Continues to Contract
Austrian banks tend to remain rather cautious. The restrictions of company loans sharpen.
October 31, 2012
Austrian Airlines Returns to Profits
AUA´s restructuring programme begins to take hold. The result for 3rd Quarter nearly doubled to € 61m.
October 31, 2012
Telekom Austria´s Vipnet Invests in Croatia
Telekom Austria´s Croatian subsidiary Vipnet Acquires 10 MHz of 800 MHz Spectrum for approximately € 20m in Croatia.
October 30, 2012
Positive Signs in Construction Industry
Output of construction of buildings and civil engineering increased by 6.6% from January until July 2012. Turnover was up by 7.0%.
October 30, 2012
CA Immo Secures Major Project in Romania
Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings. International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.
October 30, 2012
Erste Group Surprises With High Net Income
The Austrian bank posts a net profit of € 597.3m and stable operating result in the first nine months of 2012.
October 30, 2012
Erste Group´s Earnings Expected to Increase
The Austrian banking group will present its figures for the third quarter tomorrow. Net income is forecasted to improve.
October 29, 2012
Donau Chemie Starts Expansion in Hungary
The Austrian chemical group invests € 6.5m in a new factory in Eastern Hungary.
October 29, 2012
RHI Aims to Take Over Orient Refractories
The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.
October 29, 2012
Major Order for Andritz in Laos
The Austrian technology group has received an order from CH. Karnchang (Lao) Company Ltd. to supply the electromechanical equipment for the Xayaburi run-of-river hydropower station.
October 25, 2012
CA Immo´s Occupancy Rate in Prague at 90%
The Austrian real estate company CA Immo has managed to secure further tenants for four office buildings and a shopping center in Prague.
October 25, 2012
Foreign Banks Withdraw Funds from Croatia
Due to the difficult economic situation in Croatia, foreign banks reduce their exposure in Croatia.
October 24, 2012
Jürgen Kullnigg Becomes the New Chief Risk Officer of Bank Austria
Jürgen Kullnigg will join the Management Board of Bank Austria to succeed Massimiliano Fossati, who will move to UniCredit in Milan to become Chief Risk Officer Italy
October 24, 2012
Slovenia: Foundation of Bad Bank Proves Difficult
After the approval of the Slovenian Parliament, the government faces a public vote on the creation of a bad bank and an industrial holding group.
October 24, 2012
VIG Considers Expanding Further
Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.
October 24, 2012
Verbund: Better Results, Outlook Raised
In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.
October 24, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
Bawag: Hungarian Exposure Shrinks
The Austrian bank gradually withdraws from Hungary. The stake in MKB Bank becomes smaller.
October 23, 2012
Austrian Banking Industry to Downsize Radically
According to Bank Austria´s CEO Willibald Cernko, the Austrian banking industry must cut its number of branches radically.
October 23, 2012
Rewe Austria to Expand in Russia
Rewe Austria intends to open ten new stores in Russia per year. Besides Russia, the Ukraine and Romania are main target markets.
October 22, 2012
Merger Hutchison „3“ and Orange: EU Commission Extends Examination Phase
The Commission announced that the deadline for the deal will be postponed by three weeks.
October 22, 2012
Tusk: Joining Banking Union Only if it Does not Weaken Poland
The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.
October 22, 2012
Banking Package: Austria to Lose Billions
Hannes Androsch, member of the publicly owned bank holding company Fimbag, fears that Austria´s losses will be substantial.
October 22, 2012
Austrian Tax Quota to Increase
Austria´s Finance Minister Maria Fekter expects a higher tax intake in 2013. Next year, the tax quota will grow slightly to 43%. In order to prevent further expenses, Fekter rejects creating bad banks.
October 20, 2012
FCC Considers Downsizing Alpine
The financially stricken Austrian construction company may sell several business units. A sale of Alpine seems unlikely.
October 20, 2012
Poland Favors Banking Union, Czech Republic is Skeptical
The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.
October 20, 2012
Austrian Railways: Net Income to Reach € 200m in Medium Term
Despite the difficult economic situation, CEO Christian Kern aims to increase the profitability further. “The fourth quarter will be brutal.” he says.
October 20, 2012
Siemens Austria Builds Wind Power Plant in Turkey
The Austrian subsidiary of the German technology group has received a major order from Turkey.
October 20, 2012
Hungary Does not Exclude to Increase Bank Tax
Prime Minister Orban refers to the pressure coming from Brussels. Hungary must reduce the budget deficit below 3.0% of GDP.
October 20, 2012
Bawag Gets New Owner
In return for a capital increase of € 200m, the U.S. investment fund Cerberus cedes a 33% stake in the Austrian bank.
October 19, 2012
Immofinanz to Increase Dividends
Eduard Zehetner, CEO of Immofinanz does not exclude to increase dividends to € 0.2 per share.
October 19, 2012
Fekter Interested in Hungary´s Bank Taxation Plans
The Austrian Minister of Finance wants to analyse the taxation plans of the Hungarian government thoroughly. The bank taxes would be “highly interesting”, Fekter says.
October 19, 2012
CA Immo to Downsize
Florian Nowotny, CFO of the Austrian real estate company announces further property sales.
October 19, 2012
OMV Announces Production Growth
Due to recovery of production in Yemen, OMV´s oil output was up substantially.
October 19, 2012
Amag´s Management Shows Optimism
Gerhard Falch, CEO of the Austrian aluminum producer Amag expects satisfying results in the third quarter.
October 19, 2012
Porr´s Construction Output Shrinks
The third-largest Austrian construction group records an increase in orders. Porr´s CEO Karl-Heinz Strauss is satisfied.
October 18, 2012
RBI: We Will Not Leave Hungary
Herbert Stepic, CEO of Austrian RBI (Raiffeisen Bank International) is highly dissatisfied with Hungary´s decision not to reduce bank taxes. However, RBI will stay, he says.
October 18, 2012 · Updated: October 18, 2012; 17:08
Voestalpine Confirms Guidance
The Austrian steel company expects stable operating profits. Demand is declining substantially, CEO Eder comments.
October 18, 2012
Hungarian Tax Plans: Austrian Banks Annoyed
Because of the pressing need to reduce the budget deficit, Hungary´s government decided not to lower the bank tax. Moreover, the financial transaction tax will be doubled.
October 18, 2012
„Austrian Telecommunication Market Is Damaged“
The new CEO of T-Mobile Austria Andreas Bierwirth wants to cut costs drastically. The profitability of the telecommunication industry would suffer from the decreasing prices.
October 17, 2012
Orange Austria Improves Profitability
The third-largest Austrian telecommunication operator records a decrease in revenues. Net income was up, however.
October 17, 2012
Alpine: CEO Dotter Resigns
The management of the financially stricken Austrian construction group reshuffles. The holding company FCC decided to change the management.
October 17, 2012 · Updated: October 17, 2012; 19:15
Debt Crisis Weighing Down on Euro Zone more than on US
According to Austrian Erste Group Research, the economic development in the Eurozone remains subdued.
October 17, 2012
RBI Cuts Slovenian Subsidiary Radically
The Austrian Raiffeisen Bank International plans to lay off the half of its workforce in Slovania.
October 16, 2012
OMV Signs Major Oil Acquisition in Norway
“A further important move to establish Norway as core country in OMV’s Exploration and Production portfolio”: The Austrian oil group acquires a 20% stake in the Edvard Grieg oil field development from RWE.
October 16, 2012
Immofinanz Shows Progress in Romania
The wholly owned Immofinanz Group subsidiary Adama announces the start of construction on the second phase of two of its existing projects.
October 16, 2012
Voestalpine: Eder Does Not Exclude to Leave Austria
Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.
October 15, 2012
Androsch: „AT&S Under Double Pressure“
In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.
October 15, 2012
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