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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Semperit Announces Changes of Management Board
Richard Stralz to leave the Management Board effective November 30, 2012.
September 17, 2012
Eder Calls for Cut in Steel Production
The CEO of the Austrian steel producer voestalpine asks the European Union to introduce a controlled reduction of the steel production. The overcapacities would cause lower prices, Eder argues.
September 17, 2012
OMV Gives Up Fracking Plans
The Austrian oil and gas company announced that there will be no shale gas production in Austria.
September 17, 2012
Austrian Economy at a Standstill – "But probably not for long"
Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.
September 17, 2012
Mayr-Melnhof to Become Market Leader in Colombia
The Austrian carton producer Mayr-Melnhof Packaging acquires Colombian Plegacol and creates a new Colombian market leader in folding cartons.
September 17, 2012
VBAG Streamlines Management Board
Wolfgang Perdich to step down from Board of Management on 30 September 2012.
September 17, 2012
Vienna Insurance Group Becomes Market Leader in Macedonia
After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.
September 17, 2012
RHI Adapts Brazil Project
The Austrian producer of refractories refers to increase in import duties and anti-dumping duties in Brazil.
September 17, 2012
BNP Paribas Joins the Vienna Stock Exchange as new Trading Member
As of today, the French BNP Paribas Arbitrage S.N.C, headquartered in Paris, and BNP Paribas Arbitrage S.N.C. in London joined the Vienna Stock Exchange as new trading members.
September 17, 2012
Slovak Leasing Industry Shrinks
In the first half of 2012, sales in the Slovak leasing market were down by 5%.
September 15, 2012
„Becoming Number Five Until 2015“
In an interview with the Austrian newspaper „Presse“, Uniqa´s CEO Andreas Brandstetter is optimistic to become a big player in the insurance industry in the CESEE region.
September 15, 2012
VBAG Redeems Bonds
The partly nationalized Austrian bank has repaid bonds guaranteed by the Austrian state.
September 14, 2012
Kuwait Petroleum Interested in Croatian and Bosnian OMV Stations
OMV sells 91 petrol stations in Croatia and Bosnia. After the Croatian INA has announced to have submitted a binding offer, Kwait Petroleum shows interest.
September 14, 2012
OMV Sells 15% Stake in CEGH to Slovak Eurstream
The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.
September 14, 2012
Stock Exchange Ranking: Kapsch Has First Place
No other company has managed the crisis better than the Austrian toll system company, Contrast Management Consulting says.
September 14, 2012
Slovenian Construction Industry Reaches New Low
Since 2008, Slovenia´s construction output decreased by 66%. This year, the construction industry will shrink again.
September 13, 2012
Banking Union: Austrian FMA Wants to Integrate Eastern European Countries
According to the board of Austria´s Financial Market Authority, not only the banks of the Eurozone should be supervised.
September 13, 2012
Hypo Group Cuts Jobs in Italy
The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.
September 13, 2012
Spar Records Losses in Hungary
The Austrian retail chain operates 400 branches in Hungary. The economic crisis caused substantial losses.
September 13, 2012
EU Against Orange-Takeover
The Commission of the European Union does not allow Hutchison Austria to take over its competitor Orange for the time being.
September 13, 2012
Austrian Airlines Not Profitable Before 2013
The Austrian subsidiary of Lufthansa will not achieve a positive net income this year.
September 12, 2012
Erste Group Expects Higher Equity Quota
The Vienna-listed Erste Group expects that a new minimum equity quota will be prescribed in 2013.
September 12, 2012
Capital Increase at voestalpine
The Austrian steel company resolves to increase registered capital by 2% in order to further expand employee shareholding scheme.
September 12, 2012
INA Underlines Interest in OMV´s Petrol Stations
The Croatian oil group wants to take over the petrol station business of Austrian OMV in Croatia and Bosnia.
September 12, 2012
Good Prospects for Orange-Takeover
The Austrian subsidiary of Hong Kong-based Hutchison will be allowed to acquire its competitor Orange, insiders say. The requirements are already fulfilled.
September 11, 2012
RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS
The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.
September 11, 2012
CA Immo Completes Mercedes-Benz Sales Headquarters in Berlin
The last concrete was laid on the roof today. The foundation stone was only laid in November 2011 and the building is set to be completed by mid 2013.
September 11, 2012
Verbund Commissions 100 MW Wind Farm in Romania
The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.
September 11, 2012
UNIQA Establishing Market-Friendly Group Structure
The Austrian insurance group aims to create a new, streamlined Group structure to prepare for the Re-IPO.
September 11, 2012
Austrian Airlines Harmonizes its Medium-Haul Fleet
First Airbus A320 to enter operation in fleet renewal lands in Vienna and is expected to be put into operation on 1st October 2012.
September 11, 2012
Bank Austria: Bernkopf New Management Board Member
Helmut Bernkopf becomes Management Board member of Bank Austria with responsibility for the bank’s private and corporate customers
September 11, 2012
Slovakia: Declining Construction Production in July 2012
In July, the Slovakian construction output decreased, year-on-year, by 11,2 % to € 459,9m.
September 11, 2012
Austrian Airlines: Moderate Increase in Passengers
Austrian Airlines Traffic Results for August 2012: Targeted capacity adjusted, further improvement of passenger load factor.
September 11, 2012
City of Vienna Appeals against Third Landing Strip
Vienna Airport: The core shareholder appeals against the result of the positive environmental impact assessment. According to the City of Vienna, this is only due to formal reasons.
September 10, 2012
Hungary: Bank Tax Intake Lower than Expected
The bank tax proceeds only reach 40% of the planned volume.
September 10, 2012
Slovenia: Juncker Calls for Reforms
The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”
September 10, 2012
Austrian Railways: Pöchhacker Opposes to Privatization Plans
Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.
September 10, 2012
Alpine Completes First Singapore Subway Tunnel
The Austrian construction company is building six subway tunnels and three subway stations for the Singapore Downtown Line.
September 10, 2012
ÖBB to Become Privatized?
In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.
September 8, 2012
Germany to Depend on Austria´s Electricity “for the next 50 years“
After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.
September 8, 2012
Sales Increase for Miba
The Austrian automotive component supplier recorded an increase in sales and earnings in the first half year of 2012.
September 7, 2012
S&P Criticizes Weak Capital Base of Austrian Banks
According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.
September 7, 2012
New Airline for Hungary?
After the insolvency of Malev in March 2012, the Hungarian government is said to promote a new airline.
September 6, 2012
Immofinanz: New Project in Cologne
The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.
September 6, 2012
S&P: Foreign Currency Loans Endanger Austrian Banks
According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.
September 6, 2012
Verbund is Said to Sell Stake in Turkish Enerjisa
According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.
September 6, 2012
Hypo Group´s Capital Shortfall at € 2.2bn
Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.
September 6, 2012
Conwert Buys Back Convertible Bonds
Result of tender offer for convertible bonds due2014.
September 6, 2012
Agrana Launches 2012 Fall Campaigns
This year, the Austrian sugar and starch company expects lower yields.
September 6, 2012
Croatian INA Submits Offer to OMV
Austrian OMV sells its petrol station business in Croatia and Bosnia. The Croatian subsidiary of Hungarian MOL has submitted a binding offer.
September 5, 2012
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