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Austria and Germany - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism

UBM with slightly improved results

Focus on hotels and housing, regional focus remains on Poland and Germany.

August 31, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Strabag signs a deal in Abu Dhabi

The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager

July 21, 2010

International companies discover Austria again

In the first half of 2010, 93 companies settled in Austria; in the same period in 2009 there were only 84. Total investment volume tripled from €37m ($46,95m) to almost €103m ($130,69).

July 8, 2010

MAN-Chief

The Austrian Georg Pachta-Reyhofen remains at the top of the German trucks and engineering group MAN.

July 2, 2010

Zumtobel AG - CFO Thomas Spitzenpfeil to resign at the end of September 2010

Thomas Spitzenpfeil, Chief Financial Officer of the Zumtobel Group, has announced his intention to resign in order to pursue a career opportunity on the management board of a German corporation.

June 24, 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

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

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

Schieder wants ban on short selling

The Financial Secretary sees Germany as role model.

June 4, 2010

Hypo-Alpe-Adria - Carinthia and Bayern to co-operate

For the first time in the history of judicial prosecution, Munich and Klagenfurt agreed to a formation of a "joint investigation team ", in the case of Hypo-Alpe-Adria-scandal.

May 28, 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