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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
A-Tec Has to Divest Itself of Holdings
In the course of restructuring, several holdings of the insolvent conglomerate are sold in order to achieve an appropriate quota.
December 20, 2010
Meinl against Atrium: Up to 7,000 Lawsuits
The Austrian bank files lawsuits against the successor company of her former real-estate funds MEL.
December 20, 2010
Further Increases in Prices of Industrial Goods
Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.
December 20, 2010
New Project in Poland for Atrium
Atrium strengthens polish portfolio with € 168.5m acquisition of a shopping centre in Warsaw.
December 20, 2010
Immofinanz Records Increasing Revenues and Earnings
Revenues of the Austrian Real Estate Company were up by 3.3%. EBIT increased by 19%.
December 20, 2010
Potential of Austria's Creative Industries
Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.
December 20, 2010
Higher Dividends at Telekom Austria
Telekom Austria Group Updates its Cash Use Policy and Provides Financial Outlook at its Capital Market Day.
December 20, 2010
Porr takes over TEERAG-ASDAG and starts reorganization
The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.
December 20, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-20)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 20, 2010
JoWood is Deep in the Red
The Vienna game developer has to accept a loss of over € 25m in the first three quarters. Sales have fallen sharply.
December 17, 2010
French SNCF Participates in Westbahn Project
The French National Railways acquire a stake of 25% in the Haselsteiner project.
December 17, 2010
FMA: Solid Performance of Austrian Pension Funds
The Financial Market Authority (FMA) publishes a report on the Austrian pension funds. The performance is diverse. .
December 17, 2010
Allegations of Market Abuse Against ÖBB
The Austrian Federal Railways are facing another accusation by the Federal Competition Authority. Rail Cargo is said to have abused its market power.
December 17, 2010
A-Tec Quota Too Low for Creditors
The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.
December 17, 2010
Beko: Sales Drop by 15%
The Austrian IT company Beko Holding AG has to accept sensitive decreases in sales and profits.
December 16, 2010
Controversies About S&T Personnel
The chairman of the Vienna-based IT services provider, Thomas Streimelweger sues the supervisory board because of his dismissal, which he allegedly offered.
December 16, 2010
Accusations Against Sanader Grow Stronger
Many clues point to improper activities by former Croatian Prime Minister Ivo Sanader in connection with the Hypo Group.
December 16, 2010
Ottakringer expands range of products
The Austrian beverage company performed four significant acquisitions, causing Ottakringer to be also represented in the CEE region.
December 16, 2010
Decline in sales at Siemens Austria
Sales have dropped by 20% but the profit situation is stable. Orders have improved by 14%.
December 16, 2010
voestalpine: Change in Executive Board
The Supervisory board has decided the succession of executive board member Mülner. His successor as head of the Railway Systems Division is Franz Kainersdorfer.
December 16, 2010
WKÖ: EU patent to stimulate Austrian innovation
The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.
December 16, 2010
EVN Reports Growing Results
The energy provider from Lower Austria could raise its EBIT by 6.9%. EBITDA grew by 11.6%. Revenues remained stable.
December 16, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 16, 2010
Changes on the Management Board of Vienna International Airport
After several weeks of controversial discussions, the Supervisory Board announced Christoph Herbst as new CEO. He will succeed Herbert Kaufmann.
December 16, 2010
Intercell Raises Authorized Capital
The Management Board of the Austrian biotechnology company is authorized to increase the share capital up to a nominal amount of € 855,000.00.
December 16, 2010
SIS to be Sold to Atos Origin
The French Atos Origin Acquired Siemens IT Solutions and Services, both companies expect synergy effects. Drastic job cuts in Vienna are feared.
December 15, 2010
Russia Reaches for Volksbank International
VBI, the holding company for the Eastern interests of the Österreichischen Volksbanken, is for sale. Russian parties are interested.
December 15, 2010
JCL Logistics and Rail Cargo Austria Step into Strategic Alliance
Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.
December 15, 2010
Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011
Strong exports and government stimulus programs enabled growth. Despite public savings constraint, Allianz expects further upward trends.
December 15, 2010
Growth Trends in Austria's Insurance Industry
The FMA report for the 3rd quarter of 2010 indicates a light growth trend for the Austrian insurance industry.
December 15, 2010
Cooperation Between Korean LG and Austrian Zumtobel
LG Innotek and Zumtobel Group conclude LED cooperation agreement.
December 15, 2010
Statistik Austria: Construction Costs Continue to Rise
Costs increase for residential and housing development construction; the index of bridge and road construction has declined however.
December 15, 2010
Bene Still Reports Losses
The Austrian manufacturer of office furniture reports an increase in sales by 10.2% in Q3 2010. Sales in Germany dropped by 18.5%. UK market perfomed well.
December 15, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 15, 2010
OeNB: Recovery of the Financial System in a Persistently Uncertain Environment
The OeNB considers that domestic banks benefit from the positive development in the CEE region. However, uncertainties stay on as before.
December 15, 2010
Economic Chamber: Cautious Optimism in Austrian Industry
Industrial production is at the level of 2006; exports are still below pre-crisis levels.
December 15, 2010
EVN: Changes in the Executive Board of EVN
The energy supplier located in Lower Austria announces the early retirement of Burkhard Hofer, member and spokesman of the Executive Board.
December 15, 2010
New Head for Bank Austria´s CEE Division
Gianni Franco Papa designated to head Bank Austria’s CEE operations. The experienced manager is responsible for the Group’s planned growth.
December 15, 2010
No competition for Austrian Post
The letter market remains under control of the Post in Austria. Despite liberalization plans, there are no interested parties on the market.
December 15, 2010
ATB Group Still Records Losses
The A-Tec division ATB publishes its results for the first nine months: declining sales and losses.
December 14, 2010
Linz AG: Decrease in Operating Profits
The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
December 14, 2010
Complaint of Unconstitutionality against Securities Capital Gains Tax
Austria banks and investment companies file a complaint before the Constitutional Court against the as of next year introduced tax on securities capital gains.
December 14, 2010
Skylink: Resignation of Executive Board or Supervisory Board
The Vienna Airport Skylink debacle is becoming a political issue. Staffing decisions have been made.
December 14, 2010
Madoff Affair: Accused Defend Themselves
The accused Sonja Kohn and Stefan Zapotocky defend themselves vehemently against accusations and allegations. Both are, according to the accusation, part of the Madoff system.
December 14, 2010
New Logistics Center for Gebrüder Weiss in Romania
The logistics company Gebrüder Weiss has entrusted the construction of a logistics center in Sibiu to the Unger Steel Group as general contractor again.
December 14, 2010
Demands against the Hypo Group Amount up to € 300m
The investigation team appointed for the Hypo Group has determined property damages for over 300m. This amount is the basis for eventual claims.
December 14, 2010
New Board Member at OMV
Supervisory Board of OMV: Manfred Leitner appointed to the OMV Executive Board with effect from April 1, 2011.
December 14, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-14)
Daily News-Flash from then Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 14, 2010
Serious setback for Intercell
The Vienna vaccine manufacturers has to terminate a research project unexpectedly at a late stage. Heavy losses are expected for this year.
December 14, 2010
Austrians spend about € 2.5bn on gifts
Spending propensity shows a rising trend. Cash is still the most widely means of payment.
December 14, 2010
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