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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Record Results for Red Bull
The Austrian producer of energy drinks reached its best results ever in 2010 thanks to the markets in Turkey, Japan and Brazil.
January 22, 2011
"Conversations about the Future" between Austrian and Canadian IT companies
The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.
January 22, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-21)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners and Losers.
January 22, 2011
Andritz Receives Major order from Brazil
The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.
January 22, 2011
Change in Leadership at Bank Austria
Paolo Fiorentino, has been elected as Chairman of the Supervisory Board of Bank Austria. Francesco Giordano will act as future Chief Financial Officer.
January 22, 2011
Atrium Intends to Clarify Purported Event of Default
After the statement of the Austrian Meinl Bank to sue the real estate fund Atrium because of a “default of payment”, Atrium announces its point of view.
January 22, 2011
Upper Austrian Manufacturing Industry on Investment Course
AMAG and Lenzing show ambitions to be listed again on the Vienna Stock Exchange. Energie AG massively increases its investment budget.
January 21, 2011
Meinl Bank: New Attacks Against Atrium
The dispute between the Austrian bank and the American-Israeli real estate fund is getting fiercer. Meinl is calling a bond.
January 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-20)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
January 21, 2011
Generali Austria: Optimism for 2011
The Italian insurance company shows itself satisfied with the previous year's results in Austria and looks forward to 2011 with confidence.
January 21, 2011
Pricing Agreements in Austria's Transport Industry
The Austrian Federal Competition Authority has ncovered two shipping cartels involving several well-known carriers.
January 21, 2011
EnBW Intends to Expand Engagement in Austria
The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011
Agrana: Successful Completion of Campaigns
Agrana completed the sugar beet campaign at the sugar processing plant in Tulln|Lower Austria and, therefore, the 2010|2011 processing season at all of its facilities.
January 21, 2011
Polytec Reduced Net Financial Debt by more than 50%
The Austrian component supplier closed an agreement about the repayment of the restructuring loan and records a strong increase in profitability in 2010.
January 21, 2011
Reorganization at Austrian Post
Simplification of internal processes should strengthen competitiveness and customer proximity.
January 21, 2011
voestalpine: Increased Employee Participation Possible
For the CEO of the Austrian steel group, Wolfgang Eder, the increase of the participation from the current 13.3% to around 16% is envisaged.
January 21, 2011
New CFO for Vienna Insurance Group Slovakia
Vienna Insurance Group in Slovakia: Klaudia Volnerová is appointed Kooperativa's new Chief Financial Officer
January 21, 2011
Doppelmayr Awarded Major Contract in Sochi
The Austrian Doppelmayr Group has been awarded the contract for a 3S installation (tri-cable ropeway) in the Russian Olympic location of Sochi.
January 20, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 20, 2011
austriamicrosystems Reports Increase in Revenues
austriamicrosystems reports preliminary unaudited financial information for full year and fourth quarter 2010.
January 20, 2011
Bank Austria: Bank of Moscow is No Longer an Issue
Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.
January 20, 2011
Hypo Group Purchase by BayernLB was "unrealistic"
The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.
January 20, 2011
Weak Capital Base of Austrian Banks
According to the rating agency Standard & Poor's (S&P), Austria's major banks are equipped with very weak equity by international standards.
January 20, 2011
Strabag: Layoff Wave in the Czech Republic
Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.
January 20, 2011
Pfizer Austria: First Sustainability Report Published
Pfizer Austria published its first sustainability report based on the recognized guidelines of the Global Reporting Initiative.
January 20, 2011
Vienna International Airport: +8.7% Passengers During 2010
The strongest increase has been recorded in passenger traffic to Eastern Europe and to the Middle East. For 2011, the company expects a 5.0% increase.
January 20, 2011
ADX Energy Ltd Continues Operations in Tunisia
The Australian/Austrian ADX Energy Limited (ASX:ADX) announced to continue its operations in Tunisia
January 19, 2011
Trend Reversal: International investors push for Austria's Real Estate Market
Austria is getting increasingly popular for foreign real estate investors. Mainly speculators start to get interested in the domestic market to care.
January 19, 2011
Life Insurance Continues in Demand
While Austrian private investors have less savings, rights to pensions and life insurances rise.
January 19, 2011
Tax Treaty between Austria and Germany
Austria and Germany sign a revision protocol on double taxation agreements to implement the OECD standards of transparency and effective exchange of information.
January 19, 2011
A-Tec Sells AE&E India
The insolvent Austrian group belonging to Mirko Kovats is being gradually separated from its stakes. AE&E India goes to the Korean Doosan.
January 19, 2011
Oberbank is Expanding
Oberbank boss Franz Gasselberger has big plans. The branch network will be expanded this year by eight new branches to 150. The banker’s focus of expansion is Vienna.
January 19, 2011
Major Order for Andritz from Malaysia
The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.
January 19, 2011
Record of Assets under Management for C-Quadrat
The investment fund was able to increase the managed assets in Austria by 26% to € 3.3bn. The volumne of new investments in 2010 amounts to € 804m.
January 19, 2011
Volksbank: Romania Lowers Results
The losses in Romania constitute a distinct disadvantage, especially for the sale process of the East-Holding of the VBI.
January 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
January 19, 2011
The Hypo Group and its Consultants
In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.
January 18, 2011
SBO: Increase in Profits by 79%
The Austrian Oilfield equipment manufacturer Schoeller-Bleckmann (SBO) announces increasing sales as well as profits.
January 18, 2011
Recovery is in Sight for Keba
The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.
January 18, 2011
OMV Pulls its Staff out of Tunisia
Due to the recent developments in Tunisia, the Austrian OMV pulls back to a large extent. The cardboard manufacturer Mayr-Melnhof stays on.
January 18, 2011
Citigroup Trades on Vienna Stock Exchange
Vienna Stock Exchange gives admission to trading of Citigroup Global Markets Limited, London (UK).
January 18, 2011
Slight Decline in Furniture Exports
Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.
January 18, 2011
Austrian Construction Costs up by 3.2% in 2010
Construction cost index 2010: increase of all three construction branches in annual comparison.
January 18, 2011
A-Tec Sells Subsidiary in Germany
Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 18, 2011
Volksbanken to Sell Share in RZB
According to newspaper reports, the Austrian Volksbanken Group sells a 6% share on Raiffeisen Zentralbank.
January 17, 2011
Bank Taxes: „Job Cuts or Price Increase”
According to Michael Ikrath, bank representative of the “Sparkassen”, the new charges for Austrian banks are the highest in Europe.
January 17, 2011
Alpine Wins Contract in London
The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)
January 16, 2011
Treichl: Massive Criticism on Austrian Government
Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.
January 16, 2011
Mixed Results for Linz Airport
2010 ended with a historical record in freight earnings for the “blue danube airport linz” However, regular passenger volumes decreased slightly.
January 15, 2011
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