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Germans in Vienna | Deutsche in Wien | Bilateral Relations

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

Frank Stronach to Apply for Casino Licenses

The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.

August 26, 2011

Rosenbauer: CEO Wagner Retires

The boss of the Austrian manufacturer of fire fighting vehicles draws the consequences from the company’s involvement in cartel agreements on the German market.

August 26, 2011

German Municipalities to Sue Rosenbauer

After the antitrust fine of € 10.5m, the Austrian manufacturer of fire fighting vehicles might face damage payments to German municipalities. CEO Wagner refuses to step back.

August 23, 2011

Ecowind Acquired by German BayWa

Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.

August 23, 2011

Trenkwalder to Be Taken Public by New Owner

The new German majority owner of the Austrian personnel leasing company is planning an IPO in Vienna or Frankfurt.

August 16, 2011

Strabag to Cooperate with German Engineering Company

The Austrian construction group entered into a co-operation in the field of power engineering. The agreement is expected to strengthen the group’s position in existing markets.

August 11, 2011

BayernLB Demands Rescission of Hypo-Deal

The German bank has taken action against the employee fund which is accused of having misled the management about Hypo’s equity base.

August 10, 2011

Declining Sales for Schlumberger

Revenue of the Austrian champagne and spirits producer dropped by 3.9% in the first quarter of financial year 2011/12.

August 10, 2011

S&T Deeper in the Red

The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.

August 10, 2011

Strong Sales Growth for Plaut

The consulting group, which is listed at the Frankfurt Stock Exchange, announced a 16% sales increase. EBIT improved to € 420,000 in the first half of 2011.

August 10, 2011

Hypo Alpe Adria Sells Off German Biogas Plants

The Austrian nationalized bank pulls out of the biogas sector. Sale of its plants in Austria is planned for the second half of 2011.

August 2, 2011

Porr Wins Major Order in Germany

The Austrian construction company will build two tunnels as part of the Stuttgart 21 project. Total volume of the order is € 700m.

August 2, 2011

AutoBank with Improved Half-Year Results

The Austrian specialist bank increased new business volume by 4.2%. Stable growth was achieved in all areas.

August 1, 2011

Austrian FDI Recovered Slightly in 2009

The value of Austrian investments abroad grew by 6% in 2009 and amounted to € 113bn. Companies still felt the impact of the crisis on their profits.

July 26, 2011

Siemens Boss Peter Löscher to Stay until 2017

The Austrian manager will remain CEO of the German group for another five years. His contract will be extended until 2017.

July 25, 2011

UniCredit Sees ATX at 3,200 Points in 12 Months

The bank’s analysts expect the Austrian stock index to recover within the next 6 to 12 months. Close links with Germany and Eastern Europe are seen as an advantage.

July 22, 2011

voestalpine Sues EU Over Plans for Carbon Emissions

The Austrian steel company and four German competitors filed a lawsuit against the EU. They argue that CO2 emission targets are unrealistic and unachievable.

July 21, 2011

German Rail Cartel: Increasing Pressure on voestalpine

The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.

July 20, 2011

update software AG Returns to Profitability

The Austrian software company, which is listed on the Frankfurt Stock Exchange, is on its way back to black figures. Sales went up 29.2% in the second quarter, EBIT improved to positive earnings of € 0.2m.

July 20, 2011

Strabag Becomes Sole Shareholder of German Möbius

The Austrian construction company further expands its position in the German hydraulic engineering sector. A majority stake in Möbius had been acquired in 2007 already.

July 14, 2011

German LBBW Starts Sale of Property Portfolio – conwert Interested

An acquisition of the real estate portfolio is not affordable for the Austrian group. However, it might enter a partnership and take over the asset management.

July 13, 2011

Austria’s Exposure in Italy: € 16.5bn

Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.

July 11, 2011

Strong Development of Exports in Austrian Machinery Industry

In the first three months of the year, Austrian enterprises exported machinery and metalware for € 6.04bn. Germany is the main trading partner of the industry.

July 11, 2011

Economic Report 2011: Government Surprised by Quick Recovery

Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.

July 8, 2011

Upswing in Business Location Projects

The national investment promotion agency registered a strong increase in the number of companies investing in Austria. The trend is expected to continue in 2011.

July 8, 2011
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