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Germans in Vienna | Deutsche in Wien | Bilateral Relations
Austria and Germany - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Foreign Direct Investment in Austria Increasing
In 2011, a moderate decline in new enterprise settlements was registered. Investments grew by 34%.
March 8, 2012
Henkel CEE Achieves Stable Results
The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.
March 8, 2012
Tax Treaty: Conflict with EU
The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.
March 7, 2012
Rewe is Said to Constrain Investigations
The Austrian Federal Competition Authority (BWB) suspects Rewe Austria to have made price arrangements. Rewe should have constrained BWB´s investigations.
March 6, 2012
EU ‘Surprised’ Austria Didn’t Warn on VBAG, Almunia Says
The European Commission was “surprised” Austria didn’t warn it about plans to bail out Oesterreichische Volksbanken AG (VBPS), according to Joaquin Almunia, the region’s commissioner responsible for approving state aid.
March 5, 2012
AUA: Negotiations Go On
Austrian Airlines does not face strikes. Not only AUA´s management is under pressure. Workers fear a new foundation of AUA or a re-sale.
March 5, 2012
Voestalpine Awarded Major Contract in the UK
Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.
March 5, 2012
Razzia at Rewe Austria Continues
Investigators announced to have found substantial evidence at Rewe Austria, which is suspected of having made price agreements.
March 3, 2012
Komptech Increases Turnover to € 111m
The Austrian environmental specialist enjoys the best year in its company history. Infrastructure projects enable continued growth.
March 3, 2012
Change on Executive Board at Austrian Airlines
Karsten Benz to become new Chief Commercial Officer and succeeds Andreas Bierwirth. The supervisory board will decide on the change of management on 13 March.
March 3, 2012
AUA´s Insolvency Becomes More Probable
German newspapers report that Lufthansa could establish a new Austrian airline company. AUA could be left then.
March 2, 2012
Board Member Bierwirth Leaves AUA
Andreas Bierwirth, member auf Austrian Airline´s management board, will exit. It is supposed that the austerity package caused controversies within AUA´s management.
March 2, 2012
Schlecker Closes Branches
The insolvent German chemist chain shuts down the half of its branches in Germany. In Austria, inprofitable shops will be closed.
March 1, 2012
AUA Delays Extraordinary Supervisory Board Meeting
AUA´s management has not reached a compromise with its staff yet. As a new collective agreement is still missing, the supervisory board meeting has been postponed by March 13.
March 1, 2012
Banking Industry As „Cash Cow“?
For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.
February 29, 2012
Rewe Suspected of Price Arrangements
The Austrian Federal Competition Authority (BWB) suspects Rewe Group for having made price arrangements with competitors and suppliers.
February 28, 2012
Merger of Nabucco-TANAP Discussed
Members of the gas pipeline projects Nabucco and TANAP talk about a merger in Vienna. The Turkish Minister of Energy participates therein.
February 28, 2012
Nationalization of VBAG: Austrian State Holds 49%
After Kommunalkredit and Hypo Group, VBAG becomes the third Austrian bank which is publicly owned.
February 28, 2012
Tyrol Equity Takes over Rim Producer BBS
The Austrian industrial hold, owned by Raiffeisen, Hypo Tyrol and Swarovski, acquired the insolvent German rim producer BBS.
February 27, 2012
Atos Keeps Vienna as CEE Headquarters
After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.
February 27, 2012
Austria: Low Attractiveness as Research Location
According to a study among European scientists, Austria loses its reputation. The most attractive destination is the U.S.
February 27, 2012
Plaut Improved Sales and Earnings
The Austrian Plaut Aktiengesellschaft, listed on the General Standard segment of the Frankfurt Stock Exchange, announced its provisional and unaudited consolidated result for fiscal 2011.
February 27, 2012
Significant Increase in Austrian Steel Exports to U.S.
U.S. Steel Imports are rising substantially, prices are on the fall. Austrian suppliers could raise their share.
February 27, 2012
Hutchinson-Orange Merger: T-Mobile Becomes Impatient
T-Mobile Austria, a subsidiary of Deutsche Telekom puts pressure on the Austrian Competition Authority. The merger must include a number of requirements.
February 25, 2012
Decision on Nabucco Again Postponed
The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.
February 24, 2012
Siemens Austria Has Growth Targets
The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.
February 24, 2012
T-Mobile Austria Records Declining Results
The Austrian subsidiary of the German telecommunication group registered a decrease in EBITDA by 10.6%. Sales were down by 6.0%.
February 23, 2012
Austria Will Not Get „AAA“ Back in Near Future
The economist at the German Deka bank, Ulrich Kater, does not think that Austria will be upgraded within the next years.
February 22, 2012
Orange-Deal: Additional Contribution Threatens
France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.
February 22, 2012
Lower Sales at Rosenbauer
The Austrian producer of fire fighting vehicles registered a 9% decrease in revenues. EBIT was down by 17%, order intake was up by 66%. Basic capacity utilization secured until 2014.
February 22, 2012
All-Clear for Opel Site in Vienna
Although the German automobile producer faces serious troubles, the Viennese factory is not endangered to cut jobs.
February 21, 2012
Nabucco Still Competes For Gas in Azerbaijan
The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.
February 21, 2012
AUA: Time Pressure Grows
Only eight days are left for the management of Austrian Airlines to agree on a new collective agreement with the employees. An acceptable solution for both sides may be barely found.
February 21, 2012
Resch Exceeds € 100m Sales
The Austrian bakery producer Resch & Frisch could record € 100m in sales last year. For 2012, sales of 105m are planned.
February 21, 2012
Market for Solar Power Shrinks
The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.
February 20, 2012
AUA Attempts to Prevent FlyNiki to Approach Tel Aviv
Austrian Airlines files a complaint against FlyNiki at the Austrian
February 18, 2012
German Justice Puts Pressure on Former Hypo Group Executives
In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.
February 18, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
AUA: Atmosphere on the Brink
Austrian Airlines is endangered to face persisting disputes. The conflict between the management and the works council sharpened further.
February 17, 2012
VBAG´s CEO: „Bank Aid Only Last Exit“
Gerald Wenzel, chairman of VBAG´s executive board, continues the downsizing strategy. A new bank aid would be the “ultima ratio”.
February 17, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
Slight Sales Increase at Internorm
The Austrian window manufacturer recorded sales of € 311m in 2011, which is a rise of 2.0% against 2010. Exports to Germany grew disproportionately high.
February 16, 2012
Air France to Enlarge Operations in Austria
The loss-making airline is under enormous growth pressure and reorganizes itself. Austria is seen as growth market.
February 16, 2012
CA Immo: PwC Leased Additional Space in Frankfurt's Tower 185
Space leased of Frankfurt´s tower 185 increased to 75%. The consulting company leased another 2,800m2.
February 16, 2012
Conflict Between AUA´s Management and Staff Escalates
2,300 employees of Austrian Airlines are endangered to be forced to switch to another collective agreement. AUA hopes to reach an agreement.
February 15, 2012
Austerity Package Brings Burden of € 900m for Companies
The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.
February 14, 2012
Bulgarian Vivacom: Telekom Austria Has Only Outside Chances
The second-largest Bulgarian telecommunication enterprise is for sale. Telekom Austria is still interested, in spite of dismal prospects.
February 14, 2012
AUA to Withdraw from Mumbai
Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.
February 13, 2012
Rising Profits and Sales at Fabasoft
The Austrian software producer announces preliminary figures for the first nine months of the fiscal year 2011/2012.
February 13, 2012
Illegal Income from Switzerland Should Support Government´s Plans
The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.
February 13, 2012
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