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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Siemens Austria wins award for research project
The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".
June 23, 2010
Bene AG - Results for the first quarter of 2010/11
In the first quarter of 2010/11 sales and earnings of the Bene Group were still affected by the difficult economic environment in most of the markets.
June 23, 2010
Is Telekom Austria more expensive than the industry average?
Given the current revenue multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.
June 22, 2010
Power International Limited continues legal battle with Meinl Bank
The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.
June 22, 2010
EU has doubts about realignment of Hypo Alpe Adria
The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.
June 22, 2010
Energy ten percent more expensive
Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.
June 22, 2010
Power International Limited - AGM approves all resolutions
All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.
June 22, 2010
Markus Jochum as new CEO of Hypo Tirol
Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.
June 21, 2010
OMV shows interest in Dana Petroleum
Shares of British oil and gas group increasingly gaining according to rumours.
June 21, 2010
Liquid-gas-project in Croatia delayed
The liquid-gas-project in Croatia, Adria LNG, in which OMV is involved with about one third will be postponed for at least three years.
June 21, 2010
Hypo Alpe Adria - shareholders' meeting approves capital increase
€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).
June 21, 2010
Green power - competition for new wind turbines
The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.
June 17, 2010
Textile Industry remains attractive
The industry managed to register sales increase for the sixth consecutive year, the trend is upwards.
June 17, 2010
Internet services industry produces about €6b
The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.
June 17, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Gazprom plans to enter Slovakian market
The gas company will take over the subsidiary Energo Vemex in Slovakia.
June 16, 2010
Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer
On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.
June 15, 2010
Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna
Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.
June 15, 2010
Austrian Post - Customers are leaving
Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.
June 15, 2010
Konrad confirmed as advocate-general for Raiffeisen
Christian Konrad is elected for another four years.
June 15, 2010
Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey
International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.
June 15, 2010
Dairy firms Tirol Milch and Berglandmilch to merge
Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.
June 14, 2010
OMV could be an accomplice in war crimes and crimes against humanity
OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.
June 14, 2010
OMV remains Austria's largest company
OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.
June 14, 2010
ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m
ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.
June 14, 2010
Miba AG makes a strong start to the new business year
Miba, strategic partner to the international engine and automotive industry, had a strong start to the new business year.
June 11, 2010
Green Party Vienna sharply criticises the Summit Bank
"Scandalous interplay of politics and banks'
June 11, 2010
AE&E scores a contract over EUR 20 million
The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.
June 11, 2010
Fresh money for upcoming infrastructure projects
If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.
June 10, 2010
Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis
Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".
June 10, 2010
Skylink-time and on budget-holding
Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.
June 10, 2010
Securing the future of the GM plant in Vienna-Aspern
Economy points to larger role of GM Powertrain in the restructuring plan.
June 10, 2010
Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile
International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.
June 10, 2010
SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects
A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.
June 10, 2010
ÖBFA wants to sell more government bonds to the public
The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.
June 8, 2010
Raiffeisen launching Zuno
Raiffeisen International is starting a direct bank with the pretty name Zuno, which will start this year in Slovakia.
June 8, 2010
Rosenbauer International AG - major order from Saudi Arabia
Rosenbauer, a leading manufacturer of fire fighting vehicles, has once again received a major order from the Saudi Arabian Ministry of the Interior.
June 8, 2010
Raiffeisen banks are approaching reunification
Raiffeisen International, performed better than expected in the first quarter of 2010.
June 8, 2010
123people wins Venture Capital & Private Equity Award 2010
Jury commends startup success story, "Made in Austria"
June 8, 2010
Change at the ÖBB top - Kern replaces Klugar
The current Verbund manager Christian Kern takes over the top job of Peter Klugar at Österreichische Bundesbahnen (ÖBB).
June 7, 2010
Institute of International Finance meeting in Vienna - Soros, Papandreou, Ackermann participating
The IIF expects a large gathering of the world’s leading bankers and investors to attend the 2010 IIF Spring Membership Meeting.
June 7, 2010
Rosenbauer International AG - The new AT - the municipal fire service vehicle of the future
The AT from Rosenbauer has been a byword among fire services for more than 15 years. Moreover, ever since the first generation, it has been subject to ongoing improvements and in the meantime, over 2,000 vehicles are in operation worldwide.
June 7, 2010
Schieder wants ban on short selling
The Financial Secretary sees Germany as role model.
June 4, 2010
Presentation of local top companies to institutional investors in New York
A roadshow will be presented in New York for the first time a cooperation between Crédit Agricole Cheuvreux and the Vienna Stock Exchange.
June 4, 2010
EVN scores a gas deal in Croatia
A new gas pipeline built by Austrian energy provider EVN will provide thousands of Croats.
June 2, 2010
STRABAG wins new large orders worth € 156 million in Romania and Abu Dhabi
STRABAG, Central and Eastern Europe’s largest construction company, has won two new large orders in Romania and Abu Dhabi.
June 2, 2010
Voestalpine - Difficult business year 2009/10 successfully mastered
Due to the extremely challenging economic circumstances, in the business year 2009/10, the voestalpine Group incurred a significant decline in revenue and operating result compared to the previous year.
June 1, 2010
Bösendorfer hopes for profit from 2012
With the return to profitability Bösendorfer will again produce 300 grand piano annually in Wiener Neustadt.
June 1, 2010
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