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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Government Adapts Capital Gains Tax on Securities
Taxation will be implemented from October 1; loss compensation is allowed. There are no essential changes however.
November 29, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-26)
Daily News Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 26, 2010
Verbund Completes its € 1bn Capital Increase
Vienna Stock Exchange listed Verbund AG successfully completed its capital increase and placed 39,215,686 new shares.
November 26, 2010
Vienna Insurance Group Takes a 100% Stake in TBIH
VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.
November 26, 2010
Kapsch TrafficCom Increases Revenues by 85%
In contrast to negative earnings in FY10-H1, Kapsch TrafficCom Group, listed on the Vienna Stock Exchange, recorded clearly positive earnings in FY11-H1.
November 26, 2010
Uniqa Records Sharp Rise in Premiums and Profit
Premiums went up by 10.2% to €4,655 m. Life insurance drives growth, with premiums up by 18.7% Profit increases by 142.7% to €103 m.
November 26, 2010
ÖBB-CEO Kern Reconstructs Freight Division
After the decisions made about personnel, Kern wants to make the freight division profitable again. The group’s CEO has accorded himself three years for the process.
November 26, 2010
Insolvency of AE&E
No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.
November 26, 2010
Vienna International Airport: Decisions on Personnel are Postponed
The previously rumored change of leadership at Vienna International Airport is not taking place yet. There is time until mid-December for the board, highly criticized because of Skylink.
November 26, 2010
Polbank: Intesa Bids, Raiffeisen Still in the Race
In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.
November 25, 2010
Risk Exposure of Austrian Banks: € 32 billion
The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.
November 25, 2010
aws Has Expansion Plans
The state-owned SME financing agency aws will double its fund volume to € 160 million, and extend its investments.
November 25, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-25)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 25, 2010
AE&E: Next Insolvency is Coming Up
A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.
November 25, 2010
Discounts for Austrian Airlines and Lauda at Vienna International Airport
Vienna International Airport grants Austrian Airlines and Flyniki discounts. Flyniki rises to the second most important partner.
November 25, 2010
Siemens Opens Multimedia Center in Vienna
Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.
November 25, 2010
Kneissl: Bankruptcy Application Possible Despite Capital Increase
The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.
November 25, 2010
ÖBB: Changes in Freight Traffic Leadership
Because of poor results, the ÖBB CEO has to act on facts: The managers of the freight division are being replaced.
November 25, 2010
Vienna International Airport: Strong Growth in Profits and Passengers
The Vienna International Airport (Flughafen Wien) could increase its EBIT by 15%, passengers have risen by 8.3% to 14.87m.
November 25, 2010
OMV Supervisory Board: Confirmation of Ruttenstorfer as CEO
Being accused to insider trading, the other members of the board as well as the supervisory board demonstrated to have confidence in CEO Dr. Wolfgang Ruttenstorfer.
November 25, 2010
Hirsch Servo Still Records Losses
Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.
November 25, 2010
S Immo Records Profits Again
Vienna-based Sparkassen Immobilien AG records a successful operating performance in the first three quarters of 2010 after the weak year 2009.
November 25, 2010
CA Immo Returns Back to Black
CA Immo presents its Q3 Results: strong increase in EBIT to € 134.6m (2009: € -6.1m), net income grew to € 13.5m (2009: € -78.3m).
November 25, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-24)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 24, 2010
Food Industry Under Pressure
Above all, lack of capital and high labor costs are plaguing Austrian food producers.
November 24, 2010
Audit Court: Capital Increase for Vienna Airport
The Audit Court criticizes the Board again and advises a capital increase. The personal consequences may be tougher than expected yet.
November 24, 2010
Wiener Privatbank SE Announces Q1-Q3 2010 Results
Wiener Privatbank records slightly decreasing results
November 24, 2010
Conwert Announces Q1-Q3 2010 Results
The Vienna-based real estate company records a good business development and a significant increase in earnings.
November 24, 2010
AE&E Files Insolvency Application
After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.
November 24, 2010
Wiener Stadtwerke Inaugurates New Headquarters
The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010
SW Umwelttechnik Announces Q1-Q3 2010 Results
The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.
November 24, 2010
Encouraging Development of Austrian Tourism
The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.
November 24, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-23)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 23, 2010
Tann Paper Opens Factory in Russia
The Upper-Austrian company makes its initial step in Russia. Further investments are possible.
November 23, 2010
Management Board of UNIQA Versicherungen AG as of 1 July 2011
The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.
November 23, 2010
ECO Business-Immobilien AG Announces Q1-Q3 2010 Results
Vienna-based ECO Business-Immobilien AG records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
November 23, 2010
CEO Streimelweger leaves S&T
After the difficulties of recent months CEO Thomas Streimelweger is leaving the Vienna Stock Exchange listed company.
November 23, 2010
Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area
The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.
November 23, 2010
India: New Promising Market for Austrian Supply Industry
Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.
November 23, 2010
Meinl Bank Sues Atrium for € 1.2 billion
After Atrium instituted proceedings for damages against Meinl Bank before the High Court of Justice in London, Meinl Bank responded with a countersuit.
November 23, 2010
Austria's Energy Consumption Falls
The energy consumption of Austria decreased in 2009 compared with the previous year by 4%. Mainly industry and transport reduced their consumption.
November 23, 2010
OMV's Supervisory Board Supports CEO Ruttenstorfer
The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.
November 23, 2010
Lufthansa-CEO Mayrhuber Moves to Infenion
Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.
November 23, 2010
F-Star Acquired Major Order
The Vienna-located f-star and Boehringer Ingelheim to collaborate in discovery and development of therapeutic antibodies.
November 23, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-22)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 22, 2010
Atrium Announces Q1-Q3 2010 Results
Atrium European Real Estate, a real estate company focused on CEE countries, leaves the red and records a strong operational performance.
November 22, 2010
Volksbanken Group Announces Q3 Results
Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.
November 22, 2010
BKS and BTV Show Profit Growth
The two sister banks report strong profits. Expectations are cautiously optimistic.
November 22, 2010
Siemens Austria: New Orders from Bangkok
The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..
November 22, 2010
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
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