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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
CA Immo Invests in Munich
The Austrian real estate group purchased a 50% stake in the Skygarden project in Munich. The acquired property value amounts to around € 63m.
November 21, 2011
Kaufhof: Benko Has Good Odds
The Austrian real estate investor has high chances to acquire the German retail chain Kaufhof. The sale could be closed before Christmas.
November 19, 2011
Siemens Austria to Manufacture Trams Worth € 100m
The German technology group will build 40 new generation vehicles in Vienna, with parts coming from the plant in Graz.
November 18, 2011
AutoBank Achieves Further Growth
The Austrian specialist bank increased new business volume to € 59.6m. The operating result more than doubled and amounted to € 817,000.
November 18, 2011
Increasing Interest for Kaufhof
The Austrian real estate investor René Benko got another competitor. Now three tenderers in the sale process will participate.
November 14, 2011
€ 400m for Solar Power
Tauernwind, which has built a solar power park in the Austrian Alps, intends to expand substantially.
November 12, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
ECO Business Reports Losses
The Austrian real estate company, which is listed at Vienna Stock Exchange, announces losses for the first nine months of € 6.8m.
November 12, 2011
CA Immo Sells Hotel Site in Berlin
The Europacity urban district, in which the Austrian real estate group owns a major part, is progressing apace. A first-class hotel will be opening in early 2014.
November 9, 2011
Lauda Leaves FlyNiki
Niki Lauda, founder of the Austrian Airline FlyNiki, sells his 50.1% stake to the German Air Berlin.
November 8, 2011
Benko to Acquire Kaufhof
The Austrian real estate investor René Benko plans to purchase the retail trade chain Kaufhof from the German Metro group.
November 2, 2011
Austrian IT Service Provider Expands to Canada
The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011
Germans Are Savings Champions Followed by Austrians
Erste Group Savings Study: Germans save most (€ 180 per month), followed by Austrians (€ 168) and Britons (€ 160). In CEE, the Czechs and Slovaks (€ 90) are the tireless savers.
October 27, 2011
Tourism: Moderate Increase in Guest Nights
The current summer season 2011 brought a rise in overnights by 2.2% for the Austrian tourism industry between May and September.
October 25, 2011
Rabmer Building Opens a New Subsidiary in Poland
Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.
October 24, 2011
Subway to Restart in Austria
The U.S. fast food chain aims to return to Austria. In 2005, Subway had to leave, which was due to the insolvency of a franchising partner.
October 24, 2011
Volksbanken Group Wants to Sell its 25% Stake in Insurer Victoria
According to Wirtschaftsblatt, which is citing well informed sources, ÖVAG Österreichische Volksbanken-AG want to separate completely from Victoria Insurance by selling its shares to the Victoria’s majority owner Ergo, the unit of German Munich Re.
October 21, 2011
Plaut with Increased Sales and Earnings after Three Quarters
The consulting group, which is listed at the Frankfurt Stock Exchange, announced a 14% sales increase for the first nine months of the year. EBIT more than doubled to € 0.5m.
October 20, 2011
Austrian Railways to be Widened
The EU Commission declares the Austrian South Axis to be strategically important.
October 19, 2011
U.S. Investor Buys 44% Stake in Leica
The U.S. investment fund Blackstone acquired 44% in Leica Camera from the Austrian investor Andreas Kaufmann.
October 19, 2011
Update Software Reports Positive Earnings
The Austrian software provider update software, which is listed at Frankfurt Stock Exchange, recorded a rise of 28% in sales. EBIT turned into the black zone.
October 19, 2011
Lufthansa Holds On Austrian Airlines
The German Airline will keep its Austrian subsidiary despite of persisting losses.
October 15, 2011
CRM of Doka Group Awarded
An international jury awarded prizes for the best customer-relationship management projects, ranking Doka among the top three companies, at the Customer-Relationship Management (CRM) Expo in Nuremberg, Germany.
October 14, 2011
CA Immo Commences Hotel Construction in Berlin
The Austrian real estate company invests € 53.2m in the Europacity development project. The hotel is scheduled for completion in 2013.
October 13, 2011
NKE Expands in Spite of Stagnation
The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.
October 10, 2011
Austrian Food Exports are Booming
About 66% of the domestic food production is being exported. Germany remains the most important foreign market.
October 10, 2011
Energieallianz Austria Continues Expansion
The Austrian energy trading company opened its third office in Germany, where supply volumes have increased more than tenfold since 2007.
October 6, 2011
Kneissl Acquired by “Friends of Sports”
The bankrupt Tyrolean ski producer is taken over by a German holding company. The brand name will be retained; the Kufstein production site will be expanded.
October 6, 2011
Trade Chain Adeg to Achieve Turnaround in 2012
The Austrian subsidiary chain of the German Rewe group still faces losses. By 2012, Adeg should leave the red zone.
October 5, 2011
conwert Takes Over Property Management for German Tower Group
Additional management of more than 4,600 residential and approx. 300 commercial units in Berlin and North Rhine-Westphalia At 30 June 2011, Austrian conwert managed a total of 60,825 residential and commercial units.
October 5, 2011
BMW Austria Fears Lack in Skilled Labor
The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.
October 4, 2011
Czech RWE-Subsidiary Plans Pipeline Through Austria
The operators of a gas pipeline “5GL” in the Czech Republic, Austria, Bavaria and Slovenia are considering to build a new pipeline connecting the Souther Czech Republic with Italy and Slovenia.
October 4, 2011
Springer Shows Interest for „Krone“ and „Kurier“
The German media group is willing to purchase the major stakes of the Austrian newspapers “Krone” and “Kurier” held by the German WAZ (Westdeutsche Allgemeine Zeitung).
October 1, 2011
Nabucco Welcomes Bayerngas’ Intent to Become New Shareholder
Nabucco Gas Pipeline International GmbH welcomes Bayerngas’ intent on becoming one of the Nabucco shareholders. Negotiations with the six current shareholders will begin immediately to determine the future share split within the consortium.
October 1, 2011
Strabag Realizes € 250m High-Rise Project in Berlin
The Austrian construction group will invest € 250m in a property in prime capital location. Completion of the project is expected in 2015.
September 29, 2011
Red Bull Intends to Enter China
The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.
September 27, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
Porr Cooperates with German InterCityHotel
In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.
September 26, 2011
World Tourism Day 2011: Guests from 50 Countries Visit Austria
According to statistics Austria, the diversification of the guest´s nationalities further increased. Culture-oriented travels become increasingly important.
September 26, 2011
German and Austrian Economy Claim Improvements for Company Loans
Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.
September 20, 2011
Semper Constantia Invest Becomes Core Shareholder of German Praktiker
The Austrian investment company has increased its stake to become the second largest shareholder in the ailing German do-it-yourself store chain.
September 15, 2011
EnBW with New Attempt to Sell Stake in EVN
The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.
September 14, 2011
Austrian Textile Industry is Optimistic
The Austrian Chamber of Commerce sees a positive development in the domestic textile industry, especially in the export sector.
September 12, 2011
CA Immo Sells Major Stake of Skyline Plaza
Together with ECE, the Austrian real estate company sells a 80% stake on the project Skyline Plaza, which is a shopping center in Frankfurt, Germany.
September 12, 2011
Trumpf Austria: „European Quality and Asian Cost Level“
In the last business year 2010/11, Trumpf Maschinen Austria was able to report substantial growth. The Austrian subsidiary of the German company still experiences no downturn of the business cycle.
September 12, 2011
C-Quadrat Receives Management Mandates with a Volume of € 300m
The Austrian fund company will assume the mandates from Germany’s third-largest insurance group in the fourth quarter.
September 8, 2011
Joschka Fischer: „Nabucco is in time“
The former Minister of Foreign Affairs of Germany, Joschka Fischer, is optimistic regarding the realization of the Nabucco Gas Pipeline.
September 6, 2011
Alpine Reports Drop in Earnings
Austria’s second largest construction group incurred a loss of € 3.1m in the first half of the year. Strong growth in construction output was offset by increasing material and personnel expenses.
August 31, 2011
Jaan Albrecht to Become CEO of Austrian Airlines
After ten years as CEO of Star Alliance the German-Mexican dual national will head the Austrian carrier starting on 1 November.
August 31, 2011
Novomatic Continues on Growth Course
The Austrian gaming machine manufacturer achieved a plus in revenue of 17% in the first half of the year. EBIT remained stable at € 108.6m.
August 30, 2011
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