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

KTM Power Sports AG - KTM speeds up earning rise in the third quarter

The KTM-group is expected to generate an EBIT of €12.4m in the 3rd quarter of 2009/10 and is heading for an overly positive business year 2009/10.

June 25, 2010

CA Immobilien Anlagen AG to acquire Europolis AG

CA Immobilien Anlagen AG agreed with Österreichische Volksbanken-AG Group to acquire all shares in Europolis AG.

June 25, 2010

Zumtobel AG - CFO Thomas Spitzenpfeil to resign at the end of September 2010

Thomas Spitzenpfeil, Chief Financial Officer of the Zumtobel Group, has announced his intention to resign in order to pursue a career opportunity on the management board of a German corporation.

June 24, 2010

Austrian Institute of Technology - "Last Chance" was used despite economic crisis

The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".

June 24, 2010

CA Immo attends to Europolis AG

Austrian Volksbank AG (ÖVAG) will conclude on Thursday its business of selling its real estate subsidiary Europolis to the CA Immo.

June 24, 2010

New plant location opened in industrial park Gmünd

The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.

June 24, 2010

Hypo SüdLeasing Ltd. - Change in Executive Team

The position of the Managing Director was assigned to Maria Klimke as of 01/06/2010. She succeeds Ms. Nora Frischherz who left the company on 31.05.2010.

June 23, 2010

Siemens Austria wins award for research project

The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".

June 23, 2010

Bene AG - Results for the first quarter of 2010/11

In the first quarter of 2010/11 sales and earnings of the Bene Group were still affected by the difficult economic environment in most of the markets.

June 23, 2010

Is Telekom Austria more expensive than the industry average?

Given the current revenue ­ multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.

June 22, 2010

Power International Limited continues legal battle with Meinl Bank

The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.

June 22, 2010

EU has doubts about realignment of Hypo Alpe Adria

The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.

June 22, 2010

Energy ten percent more expensive

Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.

June 22, 2010

Power International Limited - AGM approves all resolutions

All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.

June 22, 2010

Markus Jochum as new CEO of Hypo Tirol

Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.

June 21, 2010

OMV shows interest in Dana Petroleum

Shares of British oil and gas group increasingly gaining according to rumours.

June 21, 2010

Liquid-gas-project in Croatia delayed

The liquid-gas-project in Croatia, Adria LNG, in which OMV is involved with about one third will be postponed for at least three years.

June 21, 2010

Hypo Alpe Adria - shareholders' meeting approves capital increase

€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).

June 21, 2010

Green power - competition for new wind turbines

The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.

June 17, 2010

EU government leaders agree on bank tax

Financial transaction tax demanded for G-20.

June 17, 2010

Textile Industry remains attractive

The industry managed to register sales increase for the sixth consecutive year, the trend is upwards.

June 17, 2010

Internet services industry produces about €6b

The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.

June 17, 2010

Austrian Post boss Pölzl - No loss of customers, banking business is running normally

Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.

June 16, 2010

Gazprom plans to enter Slovakian market

The gas company will take over the subsidiary Energo Vemex in Slovakia.

June 16, 2010

Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer

On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.

June 15, 2010

Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna

Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.

June 15, 2010

Austrian Post - Customers are leaving

Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.

June 15, 2010

Konrad confirmed as advocate-general for Raiffeisen

Christian Konrad is elected for another four years.

June 15, 2010

Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey

International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.

June 15, 2010

Dairy firms Tirol Milch and Berglandmilch to merge

Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.

June 14, 2010

OMV could be an accomplice in war crimes and crimes against humanity

OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.

June 14, 2010

OMV remains Austria's largest company

OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.

June 14, 2010

ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m

ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.

June 14, 2010

Miba AG makes a strong start to the new business year

Miba, strategic partner to the international engine and automotive industry, had a strong start to the new business year.

June 11, 2010

Green Party Vienna sharply criticises the Summit Bank

"Scandalous interplay of politics and banks'

June 11, 2010

AE&E scores a contract over EUR 20 million

The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.

June 11, 2010

Fresh money for upcoming infrastructure projects

If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.

June 10, 2010

Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis

Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".

June 10, 2010

Skylink-time and on budget-holding

Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.

June 10, 2010

Securing the future of the GM plant in Vienna-Aspern

Economy points to larger role of GM Powertrain in the restructuring plan.

June 10, 2010

Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile

International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.

June 10, 2010

SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects

A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.

June 10, 2010

ÖBFA wants to sell more government bonds to the public

The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.

June 8, 2010

Raiffeisen launching Zuno

Raiffeisen International is starting a direct bank with the pretty name Zuno, which will start this year in Slovakia.

June 8, 2010

Rosenbauer International AG - major order from Saudi Arabia

Rosenbauer, a leading manufacturer of fire fighting vehicles, has once again received a major order from the Saudi Arabian Ministry of the Interior.

June 8, 2010

Raiffeisen banks are approaching reunification

Raiffeisen International, performed better than expected in the first quarter of 2010.

June 8, 2010

123people wins Venture Capital & Private Equity Award 2010

Jury commends startup success story, "Made in Austria"

June 8, 2010

Change at the ÖBB top - Kern replaces Klugar

The current Verbund manager Christian Kern takes over the top job of Peter Klugar at Österreichische Bundesbahnen (ÖBB).

June 7, 2010

Institute of International Finance meeting in Vienna - Soros, Papandreou, Ackermann participating

The IIF expects a large gathering of the world’s leading bankers and investors to attend the 2010 IIF Spring Membership Meeting.

June 7, 2010

Rosenbauer International AG - The new AT - the municipal fire service vehicle of the future

The AT from Rosenbauer has been a byword among fire services for more than 15 years. Moreover, ever since the first generation, it has been subject to ongoing improvements and in the meantime, over 2,000 vehicles are in operation worldwide.

June 7, 2010
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