Vienna International Company News

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

Former Member of the Board of BayernLB Arrested

Gerhard Gribkowsky, whose foundation in Austria was concealed to the German judiciary and is now known, is in custody

January 5, 2011

AUA Staff Ready to go on Strike

The results of the polls are for starting the strike at Austrian Airlines. Should the negotiations fail, the staff is ready to go on strike.

January 5, 2011

FMA Prohibits Speculative Elements in Savings Accounts

The Austrian Financial Market Authority FMA specifies the characteristics of savings certificates. The traditional savings account is to remain non-speculative

January 5, 2011

Bank Tax in Poland?

The Polish government is considering levying taxes on banks already in 2011. From the Austrian perspective, Raiffeisen Bank International would be affected.

January 5, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-05)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 5, 2011

Satisfaction at CEE Stock Exchange Group

The CEE Stock Exchange Group (CEESEG) looks back at a “busy and successful year 2010”.

January 5, 2011

CEE Stocks to Climb by 20% in 2011

Erste Group analysts recommend: stock picking rather than sector allocation. 2011 to be a positive year for equity investments.

January 5, 2011

SW Umwelttechnik: New Orders Totalling € 6.5m

OMS, the engineering company of the Austrian SW Group, won contracts in Hungary and Romania valuing a total of € 6.5m.

January 5, 2011

MEL: Demand for Higher Quota against Meinl

A lawyer representing the investors calls for an increase of the quota on the occasion of the compromise between Meinl Bank and former MEL investors from 35% to 70%.

January 5, 2011

Hypo Group: Little Enlightment Expected from Grasser and Berlin

The Chairman of the Inquiry Committee on the Hypo Group expects little gain of information by the summons of Karl-Heinz Grasser and Tilo Berlin.

January 4, 2011

AUA: For now, Negotiations Instead of Strikes

At the end of the year, there were still signs of strike for the staff of Austrian Airlines. Now the situation seems to calm down.

January 4, 2011

Customer Growth for A1 Telekom Austria

With integrated offers, Telekom Austria managed to win back part of its market share. In particular, the mobile phone division is flourishing.

January 4, 2011

Wolf Theiss Starts Advice For Basel III

In response to the challenges presented by Basel III, the Austrian consulting company has formed a special "Basel III Task Force".

January 4, 2011

Poor Outlook for Creditors of SkyEurope

The Austrian-Slovakian airline, which became insolvent in 2009, will only reach a quota of 16%.

January 4, 2011

Strong Sales Growth at RE/MAX

The real estate group RE/MAX increased its sales by 18.3% to € 795m in 2010 and was also able to expand its share of the market.

January 4, 2011

Immofinanz Acquires 49% in EHL

The Austrian real estate companies Immofinanz and EHL Immobilien GmbH agree to long-term cooperation.

January 4, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-04)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 4, 2011

Kneissl: Insolvency Seems Inevitable

The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.

January 3, 2011

Sanochemia: Decrease in Sales, Decrease in Losses

The Vienna Stock Exchange listed manufacturer of pharmaceutical products could improve its results slighty.

January 3, 2011

Green Electricity Costs are Rising in Austria

Transfer pricing for the E-business rises in 2011, depending on the type of production, between 2.7 and 25.6%

January 3, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-03)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 3, 2011

Secret Foundation of BayernLB in Austria

In the hearings on the purchase of Austria's Hypo Group, a former Member of the Board of BayernLB concealed the existence of a foundation in Austria.

January 3, 2011

Austrian Federal Railways Needs € 400m

Christian Kern, CEO of the Federal Raiways (ÖBB), backed up his call for a capital increase.

January 3, 2011

Real Estate Prices Rose in Vienna in 2010

Real estate prices rose in Vienna, according to the portal FindMyHome.at by almost 3%; rental prices slightly over 1%.

January 3, 2011

The ATX Celebrates its 20th Anniversary

Despite long-term attractive returns of the ATX, Austrians are not eager to invest in shares.

January 3, 2011

Red Bull Massively Invests in Upper Styria

The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.

January 1, 2011

Drastic Job Cut at ÖBB

The Austrian Federal Railways cuts 650 posts at its freight division Rail Cargo Austria (RCA).

January 1, 2011

RLB OÖ Records Substantial Growth

Raiffeisenlandesbank Oberösterreich experiences a 11.8% increase in operating profits. Cost-Income ratio further decreases.

December 31, 2010

VBI Romania is a Source of Worries for ÖVAG

Volksbank International (VBI) is to be sold by the Austrian Volksbanken Group. The Romanian subsidiary keeps the group from doing so.

December 31, 2010

Structural Change in Austrian Winter Tourism

Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.

December 31, 2010

Sales Drops in Austrian Construction Industry

The construction output value in building construction and engineering decreased by 3.5% from January to September 2010. The order situation is also deteriorating.

December 31, 2010

Splitting-off at IT Service Provider Beko

The shareholders of the Austrian Beko Holding are about to decide a splitting-off of Cross Informatik GmbH. Besides, ownership structure of Beko will change.

December 31, 2010

Profit Warning at S&T

The Q4 data of the Austrian software consulting company show negative operational results.

December 31, 2010

Atrium Reacts Sharply to Meinl´s Lawsuit

Atrium European Real Estate Ltd comments the recent lawsuit by Meinl Bank: “A desperate response.”

December 31, 2010

Austria's Material Goods Production Increases Massively

The production trend in the manufacturing and construction industry shows a positive effect in September 2010. Sales increased by 10.3%.

December 31, 2010

Kovats also Suffers Private Plight

The chairman of the insolvent A-Tec, Mirko Kovats, has to grant Raiffeisen liens on his personal properties

December 31, 2010

Immofinanz Sues Lobbyist

The Austrian real estate group Immofinanz sues its former adviser, Walter Meischberger, because of the "Buwog Affair".

December 30, 2010

Record performance for the ATX

The main index of the Vienna Stock Exchange managed to get into a top position in international comparisons. The losses caused by the crisis could be partially offset.

December 30, 2010

WIFO Director: "Crisis was not Taken Advantage of to Introduce Reforms"

In an interview with the newspaper "Kurier", the head of the WIFO criticizes the lack of commitment to reforms. His perspectives for Austria are nevertheless optimistic.

December 30, 2010

Analysts Expect ATX to Underperform in January

The main index of the Vienna Stock Exchange experienced a strong rally in December. Thus, ATX outperformed compared to other European indices.

December 30, 2010

Creditors Wish Kovat´s Retreat

The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.

December 30, 2010

Stronach Sells Shares to Magna

The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.

December 30, 2010

A-Tec: Restructuring Plan Accepted

The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.

December 30, 2010

ÖVAG: Sales Process of East-holding is Under Way

For the coming year, the Austrian Voksbanken are planning to restructure the Group. A buyer is currently being sought for the East-holding.

December 30, 2010

Meinl Starts New Actions against Atrium

The exchange of blows between Meinl Bank and Atrium is getting more violent. Meinl Bank is presently filing a claim before the Arbitration Court of the Economic Chamber.

December 29, 2010

Polytec Sells Italian Subsidiary

Today Polytec Holding AG signed an agreement to sell 100% of the shares of Polytec Composites Italia (PCI) to Industrie Metallvakuum Ranger S.p.a. (IMR).

December 29, 2010

Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax

The CEO of Bank Austria, Willibald Cernko, was interviewed by the newspaper “Kurier”. He announced that Austrian Banks will call the Constitutional Court.

December 29, 2010

ATX Forecast 2011: High Yields, High Volatility

RLB Niederösterreich-Wien predicts a very good year for security investments and expects double-digit yields.

December 29, 2010

Profits Increase for Banks in Austria

The profitability in the first three quarters of 2010 of Austrian banks shows continued strong growth.

December 29, 2010

Italian Support for Nabucco

The Italian power company Edison cooperates with the Nabucco gas pipeline project. The aim is to create synergies.

December 28, 2010