Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Austrian Post at a glance
The market environment faced by Austrian Post in the first quarter of 2010 continued to be difficult. Electronic substitution of letters is ongoing, as expected, whereas the advertising market is slowly improving.
May 20, 2010
Sparkassen Immobilien AG starts 2010 with a strong first quarter
Stock exchange-listed Sparkassen Immobilien AG has started the financial year 2010 with a strong first quarter: the major financial indicators have improved significantly compared with the same period last year.
May 20, 2010
Vienna Insurance Group in the first quarter of 2010 - Best first quarter in the corporate history
In the first quarter of 2010, Vienna Insurance Group reported a total of premiums written of EUR 2.53 billion.
May 20, 2010
OMV to retreat from Russia
Austrian mineral oil company OMV wants to focus on Asia and therefore completely retreats its activity from Russia.
May 20, 2010
Austrian Post with a 33.4 million profit in first quarter
The total revenue decreased by 1.6 per cent to €585.6m. Compared to last year 912 workers were fired. Future developments are hindered by difficult market situations.
May 20, 2010
Welcome Air to expand its flight network
According to the Austrian Times, Tyrolean airline Welcome Air announced today that it would expand its flight network by autumn this year.
May 19, 2010
Tiger Lacke to enlarge production capacity in China
According to the Austrian Times, upper Austrian firm Tiger Lacke has announced it will increase its production capacity from 10,000 to 15,000 tonnes of powder lacquer annually near Shanghai.
May 19, 2010
CEESEG - Institutional Investors’ Demand Increasing Again
The institutional investors’ demand for the companies listed on the member exchanges of CEESEG is growing again after the difficult market situation following the financial crisis.
May 19, 2010
Bene AG - Sales decline for Bene in the financial year 2009/10
In a very challenging economic environment and after an impressive development in prior years, the Bene Group had to record significant declines in sales and earnings figures in the financial year 2009/10.
May 19, 2010
Telekom and Mobilkom’s staff representatives prefer a fusion - „Together we’re strong”
To allow for a better representation of employees staff representatives of Mobilkom and Telekom agreed to form a demonstrative collusion.
May 19, 2010
Three Austrian firms amongst the top hundred Red Herring finalists
Three Austrian firms are amongst the top finalists fort his year’s „Red Herring Europe award“: Flimmit, Mobilizy and Nabriva Therapeutics Inc.
May 19, 2010
China’s minister of economic affairs visiting Vienna
Chen Deming, Chinese minister of economic affairs signed contracts worth of $900m. President Heinz Fischer and Reinhold Mitterlehner (Austrian minister of economic affairs) he was accompanied by a delegation of 120 advisors.
May 19, 2010
Alfred Gusenbauer will be Strabag's chief of supervisory board
The former SPÖ Chancellor succeeds Waldemar Jud as head of the supervisory board of Strabag.
May 18, 2010
Intercell AG - Hospital bug vaccine delayed
According to an announcement by Zoe Schneeweiss and Namoi Kresge (Bloomberg) Intercell AG fell the most in two weeks in Vienna, after stating that a vaccine against a deadly hospital bug may be delayed to the first or second quarter of 2011.
May 18, 2010
Verbund to expand in Turkey
The subsidiary of Verbund and Sabanci Holding wants to bid on privatization auction of electricity networks in Turkey.
May 18, 2010
Romania - BRD Groupe Société Générale to overtake the largest bank Banca Comercială Română (BRC)
Ambitious goals for the Development Bank Romania (BRD): The second-largest institute of the country that belongs to the French Societe Generale (SG) wishes to ascend to the largest bank in Romania by 2015 - and thus pass “Erste” subsidiary BCR.
May 18, 2010
C.A.T. Oil AG - dividend announcement
The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.
May 18, 2010
phion AG - results of financial year 2009/10
IT security specialist phion - the majority of which was acquired by US group Barracuda Networks - was partly affected by reluctance of medium and large companies to invest in IT security.
May 18, 2010
Kapsch TrafficCom releases results for fiscal year 2009/10
Kapsch TrafficCom AG reported an increase in consolidated revenues at a reduced EBIT but at a clearly increased profit before as well as after tax in fiscal year 2009/10 as compared to the same period in the previous fiscal year 2008/09.
May 18, 2010
Saving energy with trams - Research Project EcoTram 3000 mwh to be saved
While trams are getting more and more comfortable they do require significant amount of energy for heating and cooling. The new project EcoTram aims to combine comfort and energy efficiency.
May 18, 2010
Austrian commercial aviation - 2009 a difficult year
In 2009 commercial aviation registered 22,6m passengers (including transit), 2.1m less passengers (8.5 per cent) compared to 2008. Airfreight decreased by 2.5 per cent or 209,200.3 tonnes while air mail also declined by 10.1 per cent.
May 18, 2010
Transaction tax - SPÖ plans a referendum
The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.
May 18, 2010
WIFO-head - transaction tax yes, but not solo
If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.
May 18, 2010
Manpower to break threshold of 3000 temporary workers
In 2009 25 branches were opened in Austria and a turnover of €84,3m was achieved.
May 17, 2010
Austrian health insurance sector recorded a small deficit
After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.
May 17, 2010
Fast News Search
This category only
