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Vienna International Construction Industry News
Read the latest headlines about developments in the international construction industry in Vienna and Austria
Austria: Alpine’s Future Sealed
The restructuring contract has been signed by banks and insurance companies. Shareholders are not affected by a haircut.
March 26, 2013
Czech Republic: Confidence in Domestic Economy Inreased Marginally
Overall confidence in domestic economy increased slightly in March. The composite confidence indicator (economic sentiment indicator) increased by 0.2 points compared to February.
March 25, 2013
FCC to Cut Down On Manpower
Alpine’s parent company, Spanish construction enterprise FCC is going to cut back on 1,000 jobs. Furthermore, company shares that are not part of the core business in the amount of € 2.2bn are supposed to be sold.
March 20, 2013
Slovenia: Highest Decrease in Construction Industry
In January 2013, compared with December 2012, the production in construction in the Eurozone was down by 1.4% and down by 1.3% in EU27-states. Slovenia experiences the highest decrease with 7.4 %.
March 19, 2013
Austria: Increasing Demand in Flats
Half of the required flats in Austria are missed in Vienna. Experts have long forcasted the growing need in newly constructed buildings particularly in the city centers.
March 18, 2013
Hungary: Construction Industry Suffers From Decline
Year-on-year, construction output decreased by 4.1% in January 2013 according to both unadjusted and working day adjusted indices. Output went down by a seasonally adjusted 1.5% month-on-month.
March 18, 2013
Czech Republic: Contruction Industry Sees Further Declines
In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.
March 15, 2013
Slovak Unemployment Rate on the Rise
In January, compared with January 2012, the employment decreased in five surveyed sectors.
March 14, 2013
Romania: Construction Output Goes Down
Volume of construction works, series adjusted with the working days number and seasonality, registered a decrease of 2.3% in January 2013, compared to December 2012.
March 13, 2013
Slovakia: Construction Output Declined by 14.1 %
In January 2013, construction output decreased, year-on-year, by 14,1 % to EUR 206,9 million. After seasonal adjustment, it decreased by 3,3 %, compared with December 2012.
March 12, 2013
Austria: RHI Faces Downsizing
RHI, the Austrian manufacturing company of fireproof equipment for steel and cement factories, needs to economize and is considering closing down in Europe.
March 9, 2013
Lithuania: Investment in Tangible Fixed Assets and Construction 2012 Grew Slightly
Statistics Lithuania presents a statistical publication Investment in Tangible Fixed Assets and Construction, which provides statistical information for the year 2012 prepared based on quarterly statistical survey data.
March 6, 2013
Austria: New CEO for Alpine
The construction company was saved from bankrupcy and is now looking for a new CEO
March 5, 2013
Austria: Alpine Turns Out a Big Burden For FCC
The construction company has avoided bankrupcy and is save – for the time being.
March 5, 2013
Hungary: Percentage of Foreign Direct Investments in Decline
Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
March 4, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
Alpine: Austrian Ministry of Finance Rejects Waiver
Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.
March 1, 2013
Romania: Moderate Growth in Manufacturing and Construction Industry
Trends in the evolution of economic activity during: February - April 2013.
March 1, 2013
Alpine: Future Still Highly Uncertain
Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.
February 28, 2013
Alpine: Major Contract in Czech Republic
Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.
February 26, 2013
Austria: Final Talks about the Future of Alpine
Everything revolves around the debt cut and the Future of Construction Company.
February 25, 2013
Czech Republic: Trends in 2012
Export and Import Price Indices and Price Indices for International Transport
February 25, 2013
Strabag to Return to Libya
Because of the war in 2011, the Austrian construction group withdrew from Libya. In total, 1,500 workers were employed in Libya.
February 23, 2013
Porr Achieves Turnaround
The Austrian construction group could generate a stable output. The order stock has reached a new record high.
February 23, 2013
Hungary: Sharp Decline in Dwelling Construction
In 2012, 10560 new dwellings were built, 17 percent fewer than in the previous year. The number of dwelling construction permits was 10600, a 15 percent decline compared to the data of 2011.
February 22, 2013
Strabag and Rio Tinto Enter into Exclusive Partnership
Cooperation between the Austrian construction group and the Australian mining group in research & development. Two phases: field trials and exclusivity period-
February 22, 2013
Construction Industry: Polish Output Fell Sharply
In the EU, the construction output was down by 2.7%. Poland and Bulgaria record a substantial decrease in production.
February 19, 2013
Hungary´s Construction Output Falls by 6%
Year-on-year, construction output decreased by 5.9% in 2012 and by 3.1% in December. Over the whole year, both the construction of buildings (7.6%) and civil engineering works (4.0%) decreased.
February 15, 2013
Strong Growth in Lativan Construction Industry
Data of the Central Statistical Bureau show that, in comparison with 2011, construction output in 2012 has grown by 14.8%. Of which construction of buildings increased by 14.7% and of civil engineering structures – by 16.2%.
February 15, 2013
Strabag: Results in 2012 Below Initial Targets
The Austrian construction group records a slightly shrinking output volume. The order backlog was down by 1%.
February 13, 2013
Bulgaria: Trade and Industrial Sectors Shrink
In November industrial production contracted at the same rate as in October (1.8%). The volume of output of manufacturing remained unchanged on an annual basis. The real-terms decline of domestic trade accelerated to 7.4% yoy.
February 11, 2013
Slovak Construction Fell Massively
In December 2012, construction output decreased, year-on-year, by 16,5 % to EUR 416,9 million. After seasonal adjustment, it was higher by 0,7 % compared with November 2012.
February 8, 2013
Czech Construction Industry Shrinks Substantially
Construction output down by 6.5% in 2012. In December 2012 the construction output declined by 17.3%, year-on-year (y-o-y).
February 6, 2013
Alpine: Creditors Face Haircut
The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.
February 2, 2013
Deripaska Increases Stake in Strabag
The Russian industrialist Oleg Deripaska buys 0.6% of Strabag shares. In total, he holds a stake of 18.2%.
January 18, 2013
Construction Output: Sharp Decrease in Slovenia and Slovakia
In the Euro area, the production in construction was down by 0.4%.
January 17, 2013
Hungary: Construction Output Decreases
In November 2012, construction output was down by 11.7% on the high base a year ago.
January 17, 2013
STRABAG Postpones Investments in Offshore Wind
Investments of several hundred million euros shelved. Strabag refers to the “uncertain legal situation in German offshore wind sector”.
January 15, 2013
Slovakia: Construction Production Decreases Sharply
In November 2012, construction output decreased, year-on-year, by 13,4 % to EUR 479 million. After seasonal adjustment, it was lower by 0,4 % compared with October 2012.
January 11, 2013
Czech Construction Output on the Fall
In November 2012 the construction output fell by 2.7%, year-on-year (y-o-y), in real terms.
January 7, 2013
CESEE: Construction Industry Shrinks Further
The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013
Alpine: New Management Under Pressure
The Austrian construction company fights for survival. At the beginning of January, the management has to present a restructuring package.
December 29, 2012
Austrian Construction Industry Grows
Output of construction of buildings and civil engineering increased by 6.6% from January until September 2012. The order volume was up by 3.4%.
December 28, 2012
Alpine to Cut a Third of its Workforce
The Austrian financially stricken construction company has to implement radical restructuring measures.
December 21, 2012
Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line
The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400m with a consortium of banks.
December 21, 2012
Decreasing Production Output in Slovenia and Slovakia
October 2012 compared with September 2012: Euro area production in construction down by 1.6%.
December 19, 2012
Hungary: Construction Output Increased by 1.4%
In October 2012, construction increased by 1.4% in output year-on-year. Within this, the construction of buildings decreased by 0.3% and that of civil engineering works grew by 2.7%.
December 17, 2012
Strabag SE Appoints Christian Harder as CFO
Managing Director of STRABAG SE subsidiary BRVZ to join management board of STRABAG SE effective 1 January 2013. Appointment of Thomas Birtel as Deputy CEO.
December 17, 2012
Slovak Construction Shows Strong Growth
In October, construction output decreased, year-on-year, by 11 % to EUR 484 million. After seasonal adjustment, it increased by 1 % compared with September 2012.
December 10, 2012
Czech Construction Output Decreases
In October 2012 the construction output decreased by 4.3%, year-on-year (y-o-y), in real terms. Even a higher number of working days has not stopped the decline in construction output.
December 10, 2012
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