Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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Vienna International Company News

OMV targets a 20% market share in Serbia

Important changes are foreseen for 2011 in the Serbian oil industry. Because, effective from January 1, the energy company NIS will lose, albeit theoretically, its artificially upheld monopoly position…

September 13, 2010

Plansee expands into India and China

Despite the decline in sales, the Tyrolean company Plansee expands into Asia.

September 13, 2010

Hypo: 700,000 € go from Berlin to KPMG

The auditing firm, formerly headed by the current Hypo-boss Kranebitter, received more money than previously known.

September 13, 2010

Vienna International Airport: 13.0% increase in passengers during August 2010

In August 2010 the number of passengers handled by Vienna International Airport increased 13.0% year-on-year to 1,991,481.

September 10, 2010

Erste Bank intends to become Austria´s leading bank by 2015

Erste Bank, the banking unit of Erste Group responsible for Austria, announced that it was planning to overtake Raiffeisen and become Austria´s leading bank by 2015.

September 10, 2010

Sugar cartel held Austria by the short hairs from 2004 to 2008

Südzucker, Agrana and another provider sealed off the Austrian sugar market by collusion from 2004 to 2008. The Competition Authority has filed an application for a fine. A chief witness has spilled the beans.

September 10, 2010

ÖBB: Layoff of 100 executives and 1,000 administrative jobs

In order to save the financially strongly ailing ÖBB, it is being set on a course of austerity by the new boss, Christian Kern, who has been appointed on Friday. 100 executive and 1,000 administrative jobs are to be cut within the next three years.

September 10, 2010

XXXLutz takes over Slovenia's largest furniture retailer

The furniture store XXXLutz recently took over Slovenia’s largest furniture retailer Lesnina.

September 10, 2010

Bauhaus arrives in Bulgaria via Vienna

The German do-it-yourself group Bauhaus, which controls all its CEE business from Austria, has ambitious plans for Bulgaria.

September 10, 2010

Hypo Alpe-Adria-Bank - The new Group Press Officer

Dominic Köfner to take on the role of Group Press Officer for Hypo Alpe-Adria-Bank International AG (HGAA)

September 9, 2010

Zotter intends to conquer German cities

The Styrian chocolate maker Josef Zotter wants to open chocolate shops in the German cities of Berlin, Hamburg and Munich. He is currently looking for experienced franchise partners.

September 9, 2010

Personnel-leasing PSL - 61 positions are tottering

As part of its reorganization, PSL wants to lease the company for a rent of 80 percent of the POA to the new PRS Personalservice GmbH.

September 9, 2010

Gambling - Awarding of Austrian concessions not in line with EU laws

After Germany, the domestic monopoly must also be abolished. According to the EU Court of Justice, the awarding of the concession to Casinos Austria is against EU laws due to the lack of a call for tenders.

September 9, 2010

Reorganiser Grossnigg is interested in S&T

The in deficit IT group S&T is about to be restructured. Format, the Austrian magazine, reports that reorganizer Erhard Grossnigg intends to take over the majority of shares.

September 9, 2010

Putin: Gas pipeline Nabucco with "little chance of success"

Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.

September 8, 2010

Ankerbrot opens its first own CEE store

After the Austrian company has grown a year ago with partners in CEE, the management now has opened a branch office in Bratislava.

September 8, 2010

Horváth & Partners Study - CEE remains attractive

A new study of the Horváth & Partners Management Consultants studied the success factors for setting up the subsidiaries of production sites in CEE.

September 8, 2010

Parker Hannifin opens subsidiary in Upper Austria

In the future, Parker Hannifin, a U.S. industry supplier, will operate in 17 CEE countries from Austria.

September 8, 2010

Energy - Three offers for Verbund power plants

Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.

September 7, 2010

Berlakovich - Agricultural subsidies must not fall

ÖVP Minister of Agriculture Berlakovich rejected the demand of EU Budget Commissioner Lewandowski. The agricultural budget is one percent of the EU budget and can not continue to shrink.

September 7, 2010

Riedel opens office in Shanghai

Georg Riedel, head of family-owned glass maker Riedel, has announced plans to put more focus on the firm’s investment in China.

September 6, 2010

Opel - Plant in Vienna Aspern provides EUR 10.6 million per year to Germany

The staff of the automotive plant of General Motors in Aspern provides around EUR 10.6m p.a. for the reorganization of German car producer Opel

September 3, 2010

Verbund calls extraordinary GM to decide on capital increase

Verbund appreciates positive decision of majority shareholder

September 3, 2010

VBAG Group result for the first half of 2010: positive development continued

In the second quarter of 2010, Österreichische Volksbanken-AG (VBAG) Group confirmed the turnaround of the first quarter.

September 3, 2010

Styrian factory of Triumph again to introduce short-time work

The Styrian factory of Swiss lingerie maker Triumph International in Hartberg (Styria) is again to introduce short-time work for its 290 employees, as the head of the local AMS office confirmed.

September 2, 2010

Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million

TMT Services and Supplies, the South African subsidiary of Kapsch TrafficCom has been awarded a contract by the City of Johannesburg worth approximately EUR 17.5 million.

September 2, 2010

CA Immo International completes first phase of DIY store OBI in Romania

Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.

September 2, 2010

Casinos Austria International in the red

The overseas subsidiary of Casinos Austria, Casinos Austria International (CAI), fell deep into the red in the first six months of 2010.

September 1, 2010

Casinos Austria Opens Casino in Glasgow

Third CAI project in 2010 – total investment of € 50 million.

September 1, 2010

Magna - Plan of arrangement completed

Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.

September 1, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

Registration numbers of new passenger cars are up

Provisional number of new passenger car registrations in August 2010: +10.4%.

September 1, 2010

Teak Holz issues convertible bond with value of EUR 10 million

The bond matures in five years and bears a coupon of 5 percent.

September 1, 2010

UBM with slightly improved results

Focus on hotels and housing, regional focus remains on Poland and Germany.

August 31, 2010

Strabag cutting down losses

The construction company increased its backlog by ten percent, the number of employees fell by six per cent, the net loss was cut in half.

August 31, 2010

Raiffeisen Centrobank AG - Interim Financial Report released

Raiffeisen Centrobank made the biggest contribution to the result of the group with a profit after tax of EUR 14.401 mn.

August 31, 2010

OMV to cover 9 percent of Romanian energy demand

The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.

August 30, 2010

Hofer making 'organic' profits

Growth drivers are milk, fruit and vegetables. After a crisis based collapse in 2008 and 2009, the organic market increased significantly this year.

August 30, 2010

Kelag with more sales and profits

Economic recovery brought growth for the Corinthian energy provider in the first half of 2010.

August 30, 2010

Kommunalkredit back in black

Kommunalkredit AG earned €7.5m ($9.5) net, in the first half of 2010. It is the first period since the split in November 2009; a comparison with the previous year is therefore limited.

August 30, 2010

TeleTrader decreases loss, raises revenues slightly

TeleTrader, a stock-listed IT service provider, posted in H1 2010 a loss on ordinary activities of EUR 62,000 (US$ 48,819), which was slightly better than the loss in H1 2009 (EUR 170,000/US$ 215,900).

August 30, 2010

More profits and less jobs at Rosenbauer

The fire service supplier earned €14.64m ($18.7) this year, €4.21m ($5.37) more than a year ago.

August 30, 2010

EVN: long winter driving profits

The energy supplier earned €204.9m ($261.6) in the first nine months of the current fiscal year, 16.7 percent more than a year ago. The long winter in Austria helped.

August 30, 2010

Schöps has interest in Stiefelkönig

Retail outlets are for sale, initial talks with entrepreneur Jamal Al-Wazzan already took place.

August 30, 2010

Investkredit back in black

Institute earned €9.6m ($12.24) in the first 6 months.

August 30, 2010

Austrian Banks in Central, Eastern and Southeastern Europe

According to a recent comparative study from the Austrian Central Bank (OeNB), the long-term commitment of Austrian banks in Central, Eastern and Southeastern Europe (CESEE) offers good prospects.

August 27, 2010

Telekom Austria: JPMorgan raised price target

Analysts at JPMorgan have revised their price target.

August 26, 2010

Verbund - Fight over capital increase further delayed

The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.

August 26, 2010

Raiffeisen Evolution shifting back

The real estate developer Raiffeisen evolution (RE) was significantly affected by the uncertainty in the property markets in 2009.

August 26, 2010

Allianz Austria registers profits

Allianz Austria has improved its half year results by around 45 per cent, which amounts to pre-crisis levels.

August 25, 2010