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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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
Oberbank to Expand in Hungary
The Austrian regional banks plans to open new branches in Hungary
September 5, 2012
Slovenia „No Problem for Austrian Banks“
Although Austria is the biggest investor in Slovenia, the Austrian banking industry does not fear a national bankruptcy.
September 5, 2012
Profit Decrease at Zumtobel
In the first six months of 2012, revenues of the Austrian lighting company were down by 0.9%. Net income fell from € 13.7m to € 9m, earnings decreased by 30%.
September 5, 2012
Magna Denies Reports on Expansion in Poland
According to Polish media reports, Magna was said to invest € 238m in Poland. The Canadian automotive group denies expanding in Poland.
September 4, 2012
Five Potential Buyers for Kommunalkredit
Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.
September 4, 2012
Bad Times for Vienna Stock Exchange
Compared to August 2011, stock turnover fell by 66% last month. Turnover only reached € 2.3bn.
September 4, 2012
Strabag´s Free Float at 14%
Due to share-buy backs, the free float of the Austrian construction company went down to 14%.
September 4, 2012
Strabag: Major Contract in Hamburg, Germany
STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.
September 4, 2012
Hypo Group Reduced Capital at Croatian Subsidiary
The Austrian nationalized bank cut the stock capital of the Croatian subsidiary by € 100m.
September 3, 2012
Magna to Invest € 238m in Poland
The Canadian automotive group plans to produce cars for “Mini” and “Infinity”.
September 3, 2012
Slovenia: “Danger for Austrian Banks is Limited”
Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.
September 3, 2012
Downward Trend in Austrian Industrial Sector Accelerates
Due to the crisis in the Eurozone, the downward trend in Austria accelerates.
September 3, 2012
Palfinger´s Joint Venture in China Starts Operations
The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.
September 3, 2012
Kapsch Acquired Czech Data Storage
The Austrian IT company strengthens its presence in CEE with acquisition of Data Storage in the Czech Republic.
September 3, 2012
OMV and Total Start Gas Drillings in Bulgaria´s Black Sea
Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.
September 1, 2012
Poland as European Logistics Hub
Real estate analysts predict that Poland will become Europe´s logistics hub in 2020.
September 1, 2012
Bank Union: Austrian Banking Industry Cautious
European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.
September 1, 2012
Porr Reduces Losses
Revenues fell by 7.4%, the EBT figure is still negative. The Austrian construction group sees a clear commitment to its home markets.
September 1, 2012
Outstanding Foreign Currency Loan Volumes Continue to Fall
The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.
September 1, 2012
RLB Lower Austria – Vienna Decreasing Net Income
RLB (Raiffeisenlandesbank) Lower Austria-Vienna published its results for the first six months of 2012. Net income and operating profit were down.
September 1, 2012
Capital Shortfall at Hypo Group up to € 2.0bn
OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.
September 1, 2012
Foreign Investors Dominate at WSE
Warsaw Stock Exchange: The share of foreign investors in trade on the alternative market has increased substantially. WSE’s Main Market has remained stable after the previous period with foreign investors still in the lead.
September 1, 2012
Lower Losses at bwin.party digital entertainment
In its Half year report for the six months ended 30 June 2012, a solid growth in Clean EBITDA was recorded. Losses were down from € 41m to € 21.3m.
September 1, 2012
Croatian Crisis Aggravates
For Croatia, the end of the severe recession is not foreseeable. Croatia´s real economy is hit hard, the financial sector suffers from bad loans.
August 31, 2012
Slovenia in a Vicious Circle
Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.
August 31, 2012
Wienerberger´s Pipelife Lands Contract Worth € 20m
Pipelife has been awarded a major order in Ghana: 8.8 km of 2.5 m diameter HDPE pipes for a power plant project.
August 31, 2012
Satisfactory Half Year Result for VBAG
Österreichische Volksbanken-Aktiengesellschaft (VBAG) Group has ended the first six months of 2012 with a result before taxes of € 49m.
August 31, 2012
Nowotny: Austrian Banking Sector “More Boring, but More Stable”
European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.
August 31, 2012
Remarkable Loss at Strabag
In the first six months of 2012, Strabag´s output volume slightly (-2 %) lower than in the six-month comparison period. Non-operating effects push six-month EBITDA down from € 197.18m to € 16.14m. Net income reached € -157m.
August 31, 2012
Pribil: „ECB Must Not Become Safe Haven for Zombie Banks”
At the European Forum Alpbach, the Director of the Austrian Financial Market Authority (FMA) Kurt Pribil stresses the importance of a centralized banking supervision authority.
August 31, 2012
Debt Crisis: “Somebody Will Have to Pay”
European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.
August 30, 2012
EVN Posts Solid Results
Outlook 2011/12: Group net profit is expected to be at the same level of the previous year. Refinancing syndicated revolving credit facility of € 500.0m.
August 30, 2012
Austrian Construction Industry: Growing Output, Shrinking Order Volume
Increase in volume of orders by 22.5% in civil engineering and construction of buildings at the end of May 2012.
August 30, 2012
conwert Issues New Convertible Bonds
conwert Immobilien Invest SE , a company listed on the Vienna Stock Exchange, has initiated a two-step transaction with the aim of reducing its leverage and extending the maturity profile of its debt.
August 30, 2012
Kapsch TrafficCom IVHS Wins Project in Houston, Texas
Award signifies Kapsch’s first Incident Detection System deployment in the U.S.
August 30, 2012
Re-IPO to Increase Uniqa´s Free Float
In 2013 or 2014, the Austrian insurance company plans a Re-IPO. At the moment, the preparations are already under way.
August 29, 2012
Hungary to Nationalize Energy Industry
Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.
August 29, 2012
Telekom Austria Considers Partnership With Dutch KPN
At the beginning of December, Telekom Austria´s CEO Hannes Ametsreiter will present a common strategy with Dutch KPN. In meantime, synergies should be found.
August 29, 2012
RZB Posts Moderate Profit Increase
RZB´s (Raiffeisen Zentralbank) profit before tax rose 6.2 per cent to € 931m. Return on Equity increased mildly to 16.2 per cent (+0.4 percentage points)
August 29, 2012
RBI Improves Results
Raiffeisen Bank International's consolidated profit for the first half of 2012 rises by 13.9 per cent to € 701m. The net interest income was down by 3.6%. The second quarter´s results were down.
August 29, 2012
VIG Withdraws from Russia
Vienna Insurance Group concludes sale of holdings in Russian Insurers MSK Life, SG MSK and SoVita.
August 29, 2012
Uniqa Records Strong Results
Today, the Austrian insurance group announced an increase in EBT by 43.2% to € 106.5m. Consolidated profit increases by 67.1% to € 57.3m. Recurring premiums are up 0.8% to € 2,583.0m.
August 29, 2012
Pioneers Festival 2012: Vienna is Hotspot for Innovative Companies
The place for more than 2,500 pioneers from all over the world as well as web, technology and mobile start-ups to network, present their innovations and exchange experiences.
August 29, 2012
Ametsreiter Calls for Activity
On the occasion of the Alpbach Forum 2012, Telekom Austria´s CEO Hannes Ametsreiter underlined the necessity of implementing reforms in Austria.
August 29, 2012
Bawag´s Profit Is Decreasing
In the first half of 2012, Bawag´s earnings were down moderately. The net income declined by 14%.
August 28, 2012
Contract award for tolling system in Sydney
Kapsch TrafficCom achieved a contract in Australia. The value for implementation reaches AUD 10 million (about € 8.5m)
August 28, 2012
Uniqa´s Net Income Expected to Triple
According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.
August 28, 2012
Eder: „We are Cautious“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, thinks that the market conditions will remain difficult.
August 27, 2012
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