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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
GATX Rail Europe Announces Entry into Turkish Marketplace
The Vienna-based GATX Rail Europe today announced its entry into the Turkish marketplace with the deployment of newly-manufactured railway tank wagons.
April 18, 2011
ÖVAG Group Achieved Turnaround in 2010
Operating results rose by 34% against 2009, profit after taxes was € 55m. The government participation capital will be refunded this year.
April 18, 2011
Sanochemia: Capital Increase Disappointing
The Austrian pharmaceutical company could not meet its own expectations regarding the capital increase. A strategic investor bailed out.
April 18, 2011
Cooperation between T-Mobile and Orange
A joint radio network is established by the German and the French telecommunications groups in Austria.
April 16, 2011
"Austria Has a Historical Chance to Become Europe’s Logistics Hub"
Sources from the transport industry consider that Austria offers potentials, mainly in the Danube and rail traffic.
April 16, 2011
BDI – BioEnergy: Management Board Changes
The founders of BDI – BioEnergy International AG, Wilhelm Hammer (64), CEO, and Helmut Gössler (52), CTO, will be leaving the Management Board of the Austrian biotechnology company.
April 16, 2011
Isovoltaic Cancels IPO
The Austrian solar technology company, which should have realized the IPO this week, intends to put effort into its growth without a stock market listing.
April 16, 2011
ÖVAG to be Split
Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2011.
April 16, 2011
Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna
The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.
April 16, 2011
Lenzing to switch to prime market of Vienna Stock Exchange on 18 April
Lenzing AG will start listing on the Vienna Stock Exchange’s prime market – the premium segment – as of 18 April 2011.
April 16, 2011
ÖBB Debt Reduction is Further Delayed
The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,
April 15, 2011
OMV: No Sale of Stake in Borealis
The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.
April 15, 2011
Raiffeisen Zentralbank Posts 57% Increase in Profits
Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).
April 15, 2011
Payer Takes over Fluid Pack Production from Roche
July 2011 will see Roche Diagnostics in Graz transfer 6 fluid pack production systems to Payer International Technologies in St. Bartholomä. The cooperation with Roche continues.
April 15, 2011
Sparkassen Immobilien AG: Significant EBIT Improvement
The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.
April 15, 2011
Immofinanz Opens Tenth Retail Park in Slovakia
STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.
April 15, 2011
Semperit AG Holding: Thomas Fahnemann succeeds Rainer Zellner as CEO
New composition of Management and Supervisory Boards. Annual General Meeting approves dividend of € 1.25 per share.
April 15, 2011
Strabag Expands its Activities in Hydraulic Engineering Sector
The Austrian construction company acquires 100 % of the German civil hydraulic engineering firm Ludwig Voss, Cuxhaven.
April 14, 2011
Verbund: Expected Improvement in Earnings for 2011
Wolfgang Anzengruber, CEO of the Austrian energy group Verbund, foresees growth in earnings and a stable result for 2011
April 14, 2011
EVN Makes € 105m Investment in Croatia
The Croatian subsdiary of the Austrian energy company EVN started construction works on Zadar county gas network.
April 14, 2011
OMV Announces Major Gas Discovery in Australia
OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.
April 14, 2011
Vienna Harbour is Cooperating with the Port of the Emirate of Sharjah
In future, the ports of Vienna and the Emirate of Sharjah intend to cooperate more strongly. An agreement to this end was signed on Monday at the port of Vienna.
April 14, 2011
Kommunalkredit within the Profit Sector
After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.
April 14, 2011
Austria's Small Caps with Above Average Performance
In the EU comparison, as well as to Large Caps, Austria’s Small Caps record large gains.
April 14, 2011
Decline in Sales for Salzburg AG
The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.
April 13, 2011
Cargo-Partner Invests 21.5 Million Euro in Slovakia
The Austrian shipping company cargo-partner sets up a logistics center in Slovakia. The first phase - a 7,300 m² large warehouse of 30,000 square meters - will be finished in early 2012.
April 13, 2011
Telekom Austria Receives an Extension
Telekom Austria has been granted an extension of the deadline for submitting a revised offer for 51% of Telekom Srbija.
April 13, 2011
Resch &Frisch - Expands to Italy
The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.
April 13, 2011
AutoBank‘s Figures Slightly Negative
The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.
April 13, 2011
Austrian Construction Industry Aims at the Czech Republic
Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.
April 13, 2011
Increase in Passengers at VIA
Vienna International Airport: 4.9% higher passenger traffic in March 2011
April 12, 2011
Kapsch CarrierCom Starts in Algeria
The Austrian provider of telecommunication solutions enters the African market: major GSM-R project in Algeria.
April 12, 2011
Strabag Consortium Wins PPP Contract in Germany
The Austrian construction company has been awarded to upgrade a highway-section in Bavaria, Germany.
April 12, 2011
Substantial Financing Needs for S&T Again
The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.
April 12, 2011
Russia is a New Promising Market for Kapsch
The Austrian technology group has reaped its first contract in Russia. The market has great potential, according to sources from Kapsch.
April 12, 2011
Cineplexx Expands
The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.
April 12, 2011
Occupational Pension Funds: Deposits in Investment funds +32%
By the end of 2010, the volume of pension rights of the ten occupational pension funds operating in Austria amounted to € 3.56bn, representing an increase of 26% compared with the end of December 2009.
April 12, 2011
Strong Growth in Earnings for Generali Austria
Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.
April 12, 2011
Passenger Decrease at AUA
Austrian Airlines Traffic Result for January to March 2011: Crisis in the Middle East and in Japan burden the result.
April 11, 2011
Registration of new passenger cars increased by 7.8%
New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.
April 11, 2011
Intercell: Vaccine Development to Suspend
Update on Phase II/III Clinical Trial of Investigational Staphylococcus aureus Vaccine, V710. The share of Intercell crashed seriously.
April 11, 2011
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 2011
Team 7: Tripling of Sales by 2020
The natural furniture manufacturer is on the rise. The goal is to reach € 200m in sales by 2020.
April 9, 2011
ÖVAG Participates in the Stress Test
Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.
April 9, 2011
Criticism on AMAG IPO
The placement of the shares before today's initial public offering has not been undertaken correctly, according to bank representatives. On the first day of trading the shares lost 6% of the issue price.
April 9, 2011
Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies
The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.
April 9, 2011
Raiffeisen Bank International Posts Consolidated Profit of € 1.1bn in 2010
Consolidated profit rises 141.5 per cent year-on-year to € 1,087 m (pro forma 2009: € 450 m)
April 9, 2011
AMAG Quotes at Vienna Stock Exchange
Vienna Stock Exchange: Initial listing of AMAG stock on prime market today.
April 9, 2011
Corporate Banking: Bank Austria still dominant
Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.
April 9, 2011
Profit Decline at Zürich Austria
The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 2011
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