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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
Germans in Vienna | Deutsche in Wien | Bilateral Relations
New Inspections at voestalpine Subsidiary
The German Federal Cartel Office today made new inspections at a local subsidiary of the Austrian steel company.
May 12, 2011
Good Prospects for BDI
The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.
May 12, 2011
German IVG is also Active in Austria Now
IVG Immobilien AG (IVG), the largest German real estate fund company, acquired the Austrian Hypo Real Invest in January 2011, changing its name to IVG Austria AG, with headquarters in Vienna.
May 12, 2011
Inspections at German Subsidiary of voestalpine AG
Inspections by German Federal Cartel office at voestalpine Klöckner Bahntechnik GmbH.
May 11, 2011
Siemens Manufactures Parts for a New Train Generation in Graz
Siemens manufactures components for 130 new trains for the Deutsche Bahn (DB-German Railways) until 2030 in Graz. The contract is worth € 6.0bn.
May 11, 2011
Bosch Group Continues Growing in Austria
Bosch has had a good start in Austria in its anniversary year 2011 and continues having favorable growth prospects. Sales rose by 9%.
May 11, 2011
Profit Decline for C-Quadrat
Strong increase in management fees from € 7.6 m to € 11.5 m (+52 %). Net profit amounts to € 1.0 m.
May 9, 2011
Infineon Makes an Investment for € 200m in Austria
The German technology group has announced that it intends to create 400 new jobs in Austria. The semiconductor production is to be expanded.
May 7, 2011
BDI Receives Major Order in Germany
Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.
May 6, 2011
Austrian Airlines Cannot Achieve Turnaround
The Austrian Airlines, which is in a restructuring process, is still deep in the red. In the first quarter of 2011, operating losses amounted to € 63.5m.
May 5, 2011
Austria's Current Account: Net Income 2.7% of the GDP
Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.
May 5, 2011
Austrian Tourism: Small Decrease in Overnights
Current tourism winter season 2010/11: Overnights decreased slightly by 0.9% - rise in overnights in March by 2.7%.
April 29, 2011
Revenue Growth by 30% for Quanmax
In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.
April 28, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Sales Increase for Plaut
Plaut Aktiengesellschaft, which is listed on the General Standard segment of Frankfurt Stock Exchange announces a significant growth in sales as well as profits.
April 28, 2011
Hypo Tirol Continues Restructuring Process
The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.
April 27, 2011
Windtner Pleads for expansion of Electricity Grids
The CEO of Energie AG considers that an energy revolution is about to happen in an interview with the newspaper "Kurier". The relevance of electric vehicles is expected to grow slowly but steadily.
April 26, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
Trenkwalder Gets Fresh Capital with Droege Capital
German Droege Capital GmbH acquires the majority stake in the Austrian employment agency Trenkwalder International AG.
April 23, 2011
Eastern Europe as Growing Market for Austrian Wine Exports
Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.
April 23, 2011
It is Official: T-Mobile and Orange Launch Network Cooperation
The German and French telecom companies expect to save € 60m. The network coverage is to increase by 10%.
April 22, 2011
Overnight Stays Record for Vienna in March: +3.3%
This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.
April 21, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
OMV: German Refinery to be Converted
Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.
April 19, 2011
Losses for update software AG
The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.
April 19, 2011
Erste Group Manages € 1.00bn increase of Slovak sovereign bonds
Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors
April 18, 2011
Cooperation between T-Mobile and Orange
A joint radio network is established by the German and the French telecommunications groups in Austria.
April 16, 2011
Strabag Expands its Activities in Hydraulic Engineering Sector
The Austrian construction company acquires 100 % of the German civil hydraulic engineering firm Ludwig Voss, Cuxhaven.
April 14, 2011
Strabag Consortium Wins PPP Contract in Germany
The Austrian construction company has been awarded to upgrade a highway-section in Bavaria, Germany.
April 12, 2011
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 2011
Austria’s Exposure to Portugal: € 433m
France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.
April 8, 2011
S&T Reduces Jobs
The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 2011
Turkcell Intends to Get Into Austria
The Turkish mobile operator strives for an entry into the Austrian market.
April 1, 2011
Good Prospects for Quanmax
The Austrian distributor of IT products could increase its profit. This year, the sales target is € 100m for the first time.
April 1, 2011
Hypo-Group Restructuring to be Completed by 2012
The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.
March 31, 2011
Strabag Awarded for Project in Frankfurt
A subsidiary of the Austrian construction group Strabag, Züblin, is building the "TaunusTurm" in Frankfurt financial district. Construction period ends in 2013.
March 29, 2011
Eco Business Back in Black
The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
March 22, 2011
Rising Sales for Pfanner
The Austrian fruit juice producer achieves sales at its pre-crisis level. In 2010, sales amounted to € 235m after € 225m in 2009.
March 19, 2011
Telekom Srbija: Duel between Deutsche Telekom and Telekom Austria
In the selling process of the Serbian Telekom, the German and the Austrian telecom companies are seen as favourites.
March 7, 2011
AWD Austria Records Losses
The Swiss/German financial consulter could not manage the turnaround in 2010.
March 5, 2011
Wienerwald Grows Again
The restaurant chain is expected to start growing again after a long crisis. Investments worth € 20m are planned for the current year.
March 4, 2011
Economic Policy: Criticism of Berlin, Praise for Vienna
The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.
March 4, 2011
Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
March 4, 2011
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Optimism in Austria's Creative Industries
Creatives wish to go new ways to support SMEs with creative services. The economic and technical network is to be intensified.
March 3, 2011
Tourism: Trend for High-Price Segment Continues
Austria's tourism industry shows itself satisfied with the current winter season. Guests come increasingly from Eastern Europe.
March 3, 2011
Takeover of the Austrian Porsche Holding
The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.
March 1, 2011
Major order for Siemens Austria
The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.
February 26, 2011
Stable Sales for Rewe Austria
The German food retail group was able to increase its sales moderately last year. The number of employees has increased.
February 26, 2011
Henkel CEE grows in Eastern Europe
The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.
February 26, 2011
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