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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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
Hypo Group: Motives for Purchase of BayernLB Unexplained
In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.
December 5, 2010
Passing On of Bank Information: FMA Defends Itself
Since, according to Wikileaks, the Austrian Financial Market Authority (FMA) has passed on bank data to the U.S., a position has been taken about the issue.
December 5, 2010
Andritz Purchases and Restructures AE&E Austria
The Styrian plant builder buys the A-Tec subsidiary for rumored € 10 million. Restructuring plan is to be financed by Andritz.
December 3, 2010
Michaelis Leaves Austria's State Holding Company
The contract of Peter Michaelis, Chairman of The State Holding Company OIAG, expires in June 2011. There is disagreement over the succession in the government.
December 3, 2010
Triple-A Rating: Treichl vs. Nowotny
The Chairman of the Erste Group is not convinced anymore by Austria's financial policy; the Governor of the National Bank however, still stands on "AAA".
December 3, 2010
Stable Recovery of Austrian Economy
The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.
December 3, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 3, 2010
Vienna Stock Exhange: Winners and Losers (2010-12-02)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 2, 2010
DO & CO - Good Results in a Difficult Environment
The Austrian catering company Do&Co; currently achieves high growth in profits. Globally, Do&Co; however remains a small player.
December 2, 2010
Strike threat at AUA
Salary negotiations at Austrian Airlines falter. The staff wants at least a salary increase equivalent to inflation.
December 2, 2010
Equity Requirements of Austrian Banks are € 18 billion
Due to the new Basel III regulations, Austrian banks will need a much stronger capital base by 2019. The estimation is € 15 billion to € 18 billion.
December 2, 2010
Stuttgart21: Strabag and Porr Hope for Major Project
The two Austrain building companies, Strabag and Porr, are struggeling for the disputed major infrastructure project in Germany, Stuttgart 21.
December 2, 2010
U.S. Sees Money Laundering Activities at Austrian Banks
Wikileaks has published notes of the U.S. Embassy in Vienna. There were allegedly money exchanges between Austrian banks and criminals.
December 2, 2010
Bawag is Profitable Again
The Austrian bank Bawag PSK, now owned by the U.S. fund Cerberus, is to have profits again this year: € 100m are expected.
December 2, 2010
OMV CEO: Insider-process on January27
While the trial date for the CEO of OMV has already been set, many leading personalities express their trust in an open letter.
December 2, 2010
Wind Energy: Austrian Suppliers Export for € 450 million
More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.
December 2, 2010
Zumtobel Announces Increasing Profits
Dynamic components business brings Austrian lighting group 60% increase in Profits. Revenues were up by 8%.
December 2, 2010
Strabag Receives Major Project in Poland
Construction of new railway and bus station of Katowice operated by the Austrian building company Strabag.
December 2, 2010
Doppelmayr: Slight decline in Sales but Good Result
Doppelmayr, The aerial and surface ropeway manufacturer from Vorarlberg underwent a slight drop in sales, but net income hasincrea sed significantly. Cautious optimism is being shown.
December 1, 2010
Austria's Industry Welcomes Electricity Reform
Whereas Industrialists and the Economic Chamber (WKO) are asking for enactment today, the Umweltdachverband (UWD, Environmental Federation) is against it.
December 1, 2010
aws is Commited to the Promotion of Technology
The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.
December 1, 2010
Joint Venture Between Swiss and Austrian Post
The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.
December 1, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 1, 2010
Growth Trend in Austrian Advertising Market
After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.
December 1, 2010
Fabasoft in the Red
The Austrian software producer experiences slightly falling sales. Operating results are negative.
December 1, 2010
It Is Official: Deripaska Is Back at Strabag
Basic Element group exercises the call option for 17 percent stake in Strabag.
December 1, 2010
Expansion Potential of Austrian Pharmaceutical Industry in Japan
Japanese pharmaceutical companies need new products and international cooperation. An opportunity for local companies.
December 1, 2010
A-Tec in the Red
The insolvent Vienna Stock Exchange listed company undergoes sales declines and a negative EBIT.
November 30, 2010
AUA is to Get New Leadership
Austrian Airlines, a Lufthansa subsidiary, is to get the Frenchman Thierry Antinori as its new CEO. The board is to be expanded with this appointment.
November 30, 2010
Extra-budgetary Debts Grow Unabated
Debt levels which are not attributed to the Austrian Federal Budget rise exorbitantly. Above all, the ÖBB and Asfinag are responsible.
November 30, 2010
Kaufmann Group Builds for € 130 Million in Zagreb
The real estate Kaufmann group from Linz starts its second major project in the Croatian capital. The investment volume amounts to € 130 million.
November 30, 2010
Erste Group is Holding Repayment of Public Funds
The participation capital granted by the State following the bank crisis will only be paid back by the Erste Group after specifications of Basel III are set.
November 30, 2010
bauMax Expands Further in Romania
On November 30, 2010 the Austrian DIY chain bauMax inaugurated its thirteenth Romanian market in Constanta.
November 30, 2010
The Budget is Finally Set
After weeks of discussions about the 2011Austrian Federal Budget, the final details were announced today. There are very few amendments to the original project.
November 30, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 30, 2010
Stable Results and Sales Growth for Swietelsky
The Upper Austrian construction company recorded a strong growth in sales (+7.1%) in the first half-year. Results only vary slightly.
November 30, 2010
Salary Increase in Trade up to 2.3%
Low incomes are taken more into account than higher salaries; the minimum wage in trade now amounts to € 1,300.
November 30, 2010
Massive Lay Offs at Hypo Group
The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.
November 30, 2010
Strong Sales Growth in Goods Production and Construction
According to Statistik Austria, sales growth in goods production was 14.3%. Orders for the construction industry decline however.
November 30, 2010
Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria
Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.
November 29, 2010
Major Order for Porr in Libya
Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.
November 29, 2010
Strabag Records Small Decrease in Sales
EBITDA was up by 8% to € 476m, EBIT up by 10% to € 193 m. EPS rises by 5% from € 0.90 to € 0.95.
November 29, 2010
DO & CO Completed Capital Increase
The Capital Increase of Do & Co Restaurants & Catering AG has taken place successfully. The subscription and offer price was set at € 21.90
November 29, 2010
Renewable Energy: Great Potential, but Halted by Politicians
The Umweltdachverband (UWD, Environmental Federation) criticizes sharply the energy policy of the Austrian Government. Investments are made mainly in obsolete technologies
November 29, 2010
A-Tec: Kovats’s Prestige Projects on the Brink
Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.
November 29, 2010
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