Vienna International Company News

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

Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy

Massive disadvantages for Austrian companies because of financing made more difficult are feared by the members of the of the Vienna Stock Exchange board, Michael Buhl and Heinrich Schaller.

December 13, 2010

Madoff Proceedings: Billion Lawsuit against Bank Austria

The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.

December 13, 2010

Lenzing Expands Fiber Production Capacity

The Lenzing Group, an Austrian actor in man-made cellulose fibers, sets the course for the future expansion of its fiber production capacity.

December 13, 2010

Vienna Stock Exchange: Winners and Losers (2010-12-13)

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

December 13, 2010

The Croatia-Connection of the Hypo Group

The recent arrest of former Croatian Prime Minister Ivo Sanader casts shadows on the Carinthian Hypo Group.

December 10, 2010

OMV: Nabucco Underway as Planned

Austrian OMV considers that the gas pipeline project of European energy companies is developing according to plans.

December 10, 2010

Difficult Times for Austrian Investors in Zagreb

The plan of an Austrian group of investors to build the largest shopping center in Europe in the Croatian capital threatens to fail.

December 10, 2010

Is Austria a Risk Country?

Due to its engagement in Eastern Europe, Austria is partially considered as a potential risk country. Lack of understanding for this assessment is shown by Austria.

December 10, 2010

Economic Chamber: No More Credit Crunch for Austria’s Businesses

A study by the Austrian Economic Chamber shows the high level of satisfaction of local businesses with their banks: the credit crunch has disappeared.

December 10, 2010

WIFO: Austrian Manufacturing Industry in Good Position

The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.

December 10, 2010

Vienna Stock Exchange: Winners and Losers (2010-12-10)

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

December 10, 2010

Miba Increases Both Sales and Earnings

At € 313.7m, revenue of the Austrian component supplier is up 37 percent from the previous year. Number of employees of the Miba Group up by 20 percent.

December 10, 2010

Doubts Over Kovats’s Restructuring Plan

The value of AE&E Group is dubious. Kovats could have problems with the quota.

December 10, 2010

AUA: Negotiations Failed, Imminent Protests

Collective agreement negotiations between employee representatives and top leaders of Austrian Airlines had to be interrupted without results.

December 10, 2010

OMV: Operating Result of Over € 2.0bn Expected

The CEO of the Austrian oil group, Wolfgang Ruttenstorfer says: "2010 was a good year for OMV”.

December 10, 2010

It is Official: Telekom Austria Bids in Serbia

What has only been suspected until now, is official: Telekom Austria bids against well-known competitors for the privatized part of Telekom Srbija.

December 10, 2010

AUA: Significant Passenger Growth in November

Austrian Airlines transported 6.8 percent more passengers than 2009/11. Plus 9.9 percent in the first eleven months this year

December 9, 2010

Vienna Stock Exchange: Winners and Losers (2010-12-09)

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

December 9, 2010

Conwert Appoints Volker Riebel as New CEO

Chairman of the Administrative Board, Johannes Meran: “With Mr. Riebel, we won an internationally recognised real estate professional as CEO.”

December 9, 2010

Strabag: Haselsteiner Confirmed as CEO

Hans Peter Haselsteiner has been reappointed, Siegfried Wanker acts as new technical board member in Special Divisions & Concessions segment.

December 9, 2010

Andritz: Major Order from Taiwan

Andritz receives major order for annealing and pickling line for stainless steel strip in Taiwan.

December 9, 2010

Volksbanken: State Aid to be Repaid

The Austrian Volksbanken (ÖVAG) will reportedly pay back more than the agreed € 300m of state aid in 2010.

December 8, 2010

Mayr-Melnhof: Bankruptcy in Switzerland

The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.

December 8, 2010

Strabag Hopes for Projects in Russia

Russia will hold the 2018 World Cup, expected to be the most expensive of all times. Numerous construction projects will be awarded.

December 8, 2010

Turkey: Verbund Fails in Privatization

The Austrian-Turkish joint venture was unable to participate in the privatization of the Turkish power grids. The Group's objectives remain valid nonetheless.

December 8, 2010

High Expectations about the New AUA Chairman

The Frenchman Thierry Antinori, is to complete successfully for Lufthansa the restructuring of the Austrian subsidiary.

December 8, 2010

Bavaria: "Hypo-Sale was Correct"

The issue Hypo Alpe Adria preoccupies not only the Austrian justice: Bavaria's Prime Minister Horst Seehofer defended the sale to Austria.

December 8, 2010

Austrian Resistance Against Euro Bonds

Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.

December 8, 2010

Austrian National Bank: Credit Shortage Has Been Overcome

The analysis of the Oesterreichische Nationalbank (OeNB, Austrian National Bank) on loan growth shows slowly recovering credit dynamics in Austria.

December 8, 2010

A Las Vegas for Europe

On the Austria-Hungarian border, the European “EuroVegas” gaming metropolis is to be built for € 5.0bn.

December 8, 2010

Financing Requirements for Building Societies

According to Basel-III regulations Austrian building societies will require amounts in the hundreds of millions to equip themselves with sufficient equity.

December 8, 2010

Kovats Has to Increase Quota

The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.

December 8, 2010

Romania Sells Stake in Petrom

The state share in the Romanian Petrom, a subsidiary of the Austrian OMV, is to be reduced. OMV is interested.

December 7, 2010

Increase of Austrians’ Purchasing Power

Despite higher taxes and lower benefits, the purchasing power of the Austrian people will grow in 2011 by an estimated 2.6%.

December 7, 2010

Vienna Stock Exchange: Winners and Losers (2010-12-07)

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

December 7, 2010

Sales Gowth in the Services Sector

In the third quarter, trade and services reached a revenue growth of 7.2% over the previous quarter of this year and of 5.2% over the same quarter of the previous year.

December 7, 2010

Strong Sales Growth at Infineon Austria

The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.

December 6, 2010

Kovats Remains CEO of A-Tec for the Time Being

Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.

December 6, 2010

Raiffeisen Bank International's direct bank Zuno launches in Slovakia

Zuno, which target Internet-focused customers, launches operations in Slovakia. Additional CEE countries will follow in 2011.

December 6, 2010

BDI - BioEnergy Builds Biodiesel Plant in Belarus

The Styrian company expands its operations to Belarus. The order value amounts to € 10m.

December 6, 2010

Sattler AG Expands to the U.S.

The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.

December 6, 2010

Economic Chamber in Tokyo: Biotechnology as an Opportunity

The President of the Vienna Economic Chamber, Brigitte Jank, sees above all great opportunities for Austria in Japanese biotechnology and pharmaceutical industries.

December 6, 2010

Andritz Criticized Because of Belo Monte Hydroelectric Power Plant

After being sharply criticized by church organizations because of a construction project in Brazil, the plant manufacturer now turns to the public.

December 6, 2010

Voestalpine: Doubling of Sales in Five Years

By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.

December 6, 2010

Vienna Stock Exchange: Winners and Losers (2010-12-06)

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

December 6, 2010

Vienna Insurance Group Expands in Albania

The Acquisition of Interalbanian by the biggest Austrian Insurance company is successfully completed.

December 6, 2010

Failure of Austria's Software Industry

The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.

December 6, 2010

Significant Losses at JoWood

The Vienna computer game manufacturer JoWood released its semi-annual report. The loss amounts to € 24 million.

December 5, 2010

New Regulations for Bank Managers' Bonuses

Additional compensations for managers in the banking sector are subject to new regulations approved by the Austrian National Council. Payments will be deferred in time.

December 5, 2010

Vienna Airport Board Sees no Fault of Their Own

The controversial directors of Flughafen Wien (Vienna International Airport) defend themselves against public criticism of the construction project "Skylink".

December 5, 2010