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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Bratislava: Investment in Slovak 'Las Vegas' in Danger
Bratislava might lose the planned amusement park "Metropolis", with an investment amount of 1.5 billion euro, if the Slovak government revokes the already approved tax concessions.
October 7, 2010
Rail Cargo Austria :End of Losses Not in Sight
The losses of the ÖBB subsidiary Rail Cargo Austria rise to at least 200 million euro The end is far away. Lay offs and restructuring are necessary.
October 7, 2010
Macquarie to take over Innovest from Siemens
The Macquarie Group acquires Siemens' Innovest KAG. Innovest's activities are an important platform for Macquarie Funds Group in Central Europe and fit into the strategy of Macquarie to build a global asset management company.
October 7, 2010
Zumtobel Closes Loss-Making Plant Space Cannon in Italy
Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.
October 7, 2010
Zumtobel Opened Light Center in Shanghai
More than 120 architects, designers and business partners enjoyed the Zumtobel opening gala for the new Light Center in Shanghai.
October 7, 2010
Telekom Austria: Interest in the Serbian Telekom Srbija
Following the acquisition of Velcom in Belarus, Telekom Austria (TA) is showing interest in other telcos in the Balkans. Currently, ihe favorite target is Telekom Srbija.
October 6, 2010
RHI Is Considering Raising Capital
The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.
October 6, 2010
Lufthansa suspends Linz to Munich flights as from October 31
Lufthansa discontinues its flights from Linz to Munich on October 31, tickets will be transferred or refunded.
October 6, 2010
AVL Opens Battery-Testing Lab in Shanghai
With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.
October 6, 2010
Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale
Hypo Alpe-Adria-Bank International has put up for sale a 25% share of Merkur, the insolvent Slovenian DIY and home improvement products chain, in the daily newspaper "Delo”
October 5, 2010
Alpine: New 140 Million Euro Motorway Contract in Poland
The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.
October 5, 2010
EVN resolves on capital increase – transaction together with EnBW
With the Supervisory Board’s approval, the Managing Board of EVN AG has resolved on a capital increase from authorized capital through the issuance of up to 16,352,582 new ordinary no-par value bearer shares.
October 5, 2010
Doppelmayr: Major Contract from San Francisco for 121 Million Euro
After major orders for its cable car system for Las Vegas and Venice, the cable car technology group from Vorarlberg now also got on track in the greater San Francisco area with the largest order in the company’s history.
October 5, 2010
OMV: Gas Reservoir Found in Southern Tunisia
OMV has been successful again in southern Tunisia. "The two additional findings are of economic and strategic importance and round off the success of the present OMV-drilling campaign, with a total of nine strikes in a row."
October 4, 2010
Skylink: Position on the Report of the Audit Court
The contents of the Rechnungshof (Audit Court, RH) report is said to be prejudicial; the Airport Board will submit its opinion today.
October 4, 2010
Kapsch TrafficCom: Polish 1.24 Billion Euro Contract for Truck and Bus Toll System
The company listed in the Vienna Stock Exchange will build up the entire toll system for trucks and buses weighing over 3.5 tons on Poland's roads for July 2011.
October 4, 2010
Post Boss Pölzl 3 Months prior to the Liberalization
Post Boss Pölzl allegedly looks ahead with confidence to free competition, even for traditional letters.
October 1, 2010
New Connection Between Mandarin Group and Karl-Heinz Grasser
Grasser invested money for his mother in law. According to reports, the connection between the Caribbean offshore company Mandarin and the ex-finance minister has been proven.
October 1, 2010
FACC Grows and Hires
The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.
October 1, 2010
Baur: Sales Growth and Eastward Look.
Baur Prüf- und Messtechnik reported a moderate growth in sales during the crisis year. Now the company wants to continue growing abroad.
October 1, 2010
Taxand opens CEE headquarter in Vienna
Taxand, a global organization of tax advisory firms, welcomed Taxand Austria to its fold. Each firm in each country is a separate and independent legal entity responsible for delivering client services.
October 1, 2010
Emporia Telecom intends to enter new markets
The innovative Linz based company Emporia Telecom, a global leader in mobile phones designed for the older generation, is growing and wants to conquer new markets.
October 1, 2010
Brokerjet intends to expand into Poland
The Austrian online broker Brokerjet, a subsidiary of ecetra Central European e-finance AG (ecetra means Erste Bank Central European Trading), a wholly-owned subsidiary of Erste Bank Group, is already active in the Czech Republic and Slovenia.
October 1, 2010
UniCredit SpA has appointed Federico Ghizzoni as its new chief executive
Italy's biggest bank UniCredit SpA named central and eastern European head Federico Ghizzoni its chief executive as expected on Thursday and underscored its commitment to an international role.
October 1, 2010
Bogner Edelstahl Continues to Grow
Austrian stainless steel specialist Bogner is pursuing an ambitious expansion plan in spite of the sales drop.
September 30, 2010
Energieallianz Austria Creates Subsidiary in Germany
Renewable energies are a rising trend. This has been recognized by the domestic Energieallianz Austria(EAA), a subsidiary of the energy provider for Vienna, Lower Austria and Burgenland.
September 30, 2010
Immofinanz: Positive Signs Again
At exactly 12:53 pm on Thursday, an order for 926 shares allowed the Immofinanz stock to fight its way back to the zero-line. Investors hope that the worst is over by now.
September 30, 2010
Vienna now has its own Expat Center
In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).
September 30, 2010
McDonald´s opening new McCafes in Austria
The fast-food chain McDonald´s is planning to open four new McCafes in Austria soon - in Innsbruck, Stockerau, Vienna and St. Pölten.
September 30, 2010
Rehau invests EUR 2 million into office centre in Guntramsdorf
Polymer producer Rehau is to invest more than EUR 2 million into the modernisation of its Austrian office centre in Guntramsdorf, near Vienna.
September 30, 2010
Demmers Teehaus Seeks Entry into New CEE Markets
The Austrian tea specialist Demmer, who is expanding into CEE with a franchising strategy, wants to enter new markets.
September 30, 2010
Supreme Court: Investors Misled by Meinl European Land Promotional Brochure
The Supreme Court ruled in favor of an investor who was led astray by a MEL-shares promotional brochure. The Meinl Bank describes the ruling as "contradictory," and as "not a good sign for the Austrian capital market."
September 30, 2010
Raiffeisen Invests in New Branches in the Czech Republic
Raiffeisenbank a.s., the fifth largest bank in the Czech Republic, expands its network of branches in the neighboring country.
September 29, 2010
Wolford - Werner Baldessarini to be appointed as a member of the supervisory board
Ex-chief of Hugo Boss, the Kufstein born Werner Baldessarini is to support the Austrian hosiery and underwear manufacturer Wolford.
September 29, 2010
Insolvent AvW Invest AG Cannot Submit Financial Statements
The Carinthian financial company AvW, belonging to Wolfgang Auer-Welsbach who is in custody, cannot provide the necessary documents to prepare its financial statements.
September 29, 2010
Mondi - Russia's Syktyvkar Mill modernized
Paper and packaging group Mondi confirmed that the modernization of its Russian mill was complete and the mill was ready to meet Eastern Europe's growing demand for uncoated fine paper and container board.
September 29, 2010
Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights
Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.
September 29, 2010
Deripaska: Back to Austria as Strabag Shareholder?
In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.
September 29, 2010
Magna: Rapprochement to Opel through Astra-order
Magna will take over the development of a new Opel Astra model. Just a year ago, Magna attempted to acquire the whole German GM subsidiary, but the takeover was aborted by General Motors.
September 29, 2010
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia
After the debacle of the Hypo Group Alpe Adria (HGAA), the Bayerische Landesbank will have to wait up to 7 years for the repayment of the 3.9 billion euro. The repayment plan provides for this period.
September 28, 2010
Humanomed Takes Over Management of Private Clinics in the CEE Region
The know-how of the private clinic operator is to be exported. The objective is not to only give advice, but also to take over the management of private clinics in the CEE region.
September 28, 2010
Insolvencies: Declining Trend for Both Companies and Individuals
KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.
September 28, 2010
Vienna Stock Exchange - Launch of Three Net Dividend Indices
The Vienna Stock Exchange launched three new indices today: ATX Net Total Return (ATX NTR), CECE Net Total Return (CECE NTR) and RDX Net Total Return (RDX NTR).
September 28, 2010
Austrian Real Estate: Increased supply of 339%
Office space supply is on rise, but demand is lagging behind. Prime rents and yields went down y/y.
September 27, 2010
CEE Real Estate: Outlook is brightening
CEE real estate stocks are currently in a phase of brisk corporate action. Financially sound companies with attractive assets are interesting takeover targets, while other companies are being taken over.
September 27, 2010
ÖBB: 100 Million Euro Savings Through Improved Purchasing
ÖBB want to save 100 million Euro during the next three years with cheaper and better organized purchasing. Shunting and traction are merged.
September 27, 2010
Meinl Bank Pays 6 Million Euro: Airport Intl. and Power Intl. Reach a Partial Agreement
Meinl Bank and International Power pull back all the claims against each other, except those in the arbitration court.
September 27, 2010
Immofinanz: Net Income Decreases by 57%
Immofinanz AG showed half as much profit in the first quarter after its merger, as a lasting non-recurring effect from the first quarter. Earnings per share diluted after the merger with Immoeast.
September 27, 2010
Bank Austria: Primeo-investor Wins in First Instance
An investor asked Bank Austria to sell her Primeo participation two months before the Madoff fraud was busted, but Bank Austria has not paid up yet.
September 27, 2010
A-Tec - Franz Fehringer appointed as CFO
Franz Fehringer, head of the Treasury and Accounts Department, and a member of the management team, has been appointed as the group´s Chief Financial Officer.
September 27, 2010
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