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Italy in Austria | Italians in Vienna | Bilateral Relations

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

New Difficulties for Brenner Tunnel

The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.

September 12, 2011

Italian Strabag subsidiary Wins € 161m contract in Tuscany

Adanti, the subsidiary of the Austrian building company will upgrade the State Road 223 between Grosseto and Siena. Adanti´s share is 65%.

September 7, 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

ADX Buys Back 20% Interest in Lambouka

The Austro-Australian oil and gas exploration and appraisal company increases its interest in the Tunisian prospect area to 50%.

August 17, 2011

Kärntner Sparkasse Starts Withdrawal from Italy

The Carinthian regional bank is closing down two branches as a consequence of the economic crisis and new capital requirements.

July 26, 2011

Verbund’s Sorgenia Starts Eco-Subsidiary in Italy

Sorgenia Green is planning to invest € 500m in geothermal energy and hydro power projects in the next five years.

July 26, 2011

Hypo Alpe Adria Opens New Branches in Italy

The Carinthian bank is expanding its business in the neighboring country although the subsidiary will soon be in the hands of a new owner.

July 19, 2011

Helmut Bernkopf New Head of UniCredit’s Private Banking Division

Bank Austria’s Head of Corporate and Investment Banking moves up the career ladder and becomes boss of the parent company’s Private banking division.

July 12, 2011

Binder+Co Takes Over Italian Mechanical Engineering Company

Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.

July 12, 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

ÖBB’s Debt Will Amount to € 30bn in 2020

Large infrastructure development projects will almost double the Austrian Federal Railways’ debt. In relation to other European countries, Austria spends the second highest amount per capita on the expansion of rail networks.

July 4, 2011

Verbund: Speculations about Increase in Sorgenia Stake

The Austrian electricity company might sell its shares in Poweo and instead acquire its joint venture partner’s stake in Sorgenia.

July 1, 2011

Hypo Group: End of the First Round in the Bidding Process

Today, Friday, was the closing date for the submission of tenders for Hypo Group’s Austrian business. The sale process is expected to take several months.

June 17, 2011

Palmers on the Way Back to Black Figures

The Austrian lingerie group’s results are still negative due to the acquisition of Lejaby. An expansion of the Palmers brand is planned in Germany and CEE.

June 15, 2011

Verbund Evaluating Future Options for Sorgenia

The Austrian electricity company and its partner, the Milanese industrial holding CIR, will decide about the future shareholder structure of their joint venture.

June 9, 2011

ÖBB with Capital Injection for Its Italian Freight Business

The Austrian Federal Railways’ subsidiary Linea needs additional funding in order to cover its last year’s losses of € 5.8m.

June 9, 2011

Stable PIGS-Exposure of Austrian Banks

The last quarter of 2010 has brought only minor changes in the total amount of lending to the four countries in southern Europe by Austrian banks.

June 6, 2011

Hypo Alpe Adria to Sell its Italian Subsidiary

The Carinthian bank intends to divest its operations in the neighboring country. The subsidiary achieved a profit of € 10.82m in 2010.

June 1, 2011

Kärntner Sparkasse Planning Partial Pull-Out of Italy

The Austrian regional bank intends to close a part of its Italian branches. The credit business has suffered from the crisis; the future focus will be on deposits and private banking.

May 18, 2011

RBI Joint Bookrunner for € 1.75bn Bond

The bond, which is issued by Banca Monte dei Paschi di Siena, is the second largest EUR-denominated senior unsecured issue by an Italian bank in 2011

May 10, 2011

Doppelmayr Scores € 105m Contract

Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.

April 29, 2011

Verbund Subsidiary Sorgenia Managed Turnaround

The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.

April 20, 2011

ÖBB Promote Construction of the Brenner Tunnel

After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.

April 14, 2011

Resch &Frisch - Expands to Italy

The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.

April 13, 2011

Cineplexx Expands

The Austrian cinema operator intends to establish itself in Croatia. A location in the capital was already functioning, and two more have been added now.

April 12, 2011

Strong Growth in Earnings for Generali Austria

Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.

April 12, 2011

AWO: "Great Italian Interest in Austrian Steel Know-How"

Foreign Trade Austria (Außenwirtschaft Österreich, AWO), sees good opportunities for domestic firms in Italy's steel industry.

March 31, 2011

“GemeindeMilliarde” Initiative of Bank Austria Extended

In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m

March 26, 2011

Europäische Reiseversicherung AG on Growth Path

Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.

March 22, 2011

Hypo Group Starts Sales

The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.

March 19, 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

Good Prospects for Kärntner Sparkasse

The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.

March 16, 2011

WKÖ: "Clear Commitment to the Brenner Base Tunnel is Needed”

The chairman of the Austrian Economic Chamber considers the tunnel between Italy and Austria as a pioneering infrastructure project.

February 23, 2011

Southstream: Gazprom-OMV Cooperation

OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.

February 22, 2011

Brenner Tunnel: ÖBB will not pay

The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.

February 22, 2011

Spar: Moderate Growth in Market Share

The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.

February 18, 2011

Verbund Intends to Grow in Italy and France

The Austrian-Italian joint venture Sorgenia is to expand its commitment to renewable energies in Italy and France.

February 9, 2011

Rising Sales at Internorm

The Upper Austrian window manufacturer increased its sales by 2% in 2010. Despite domestic sales falling, exports are growing all the better.

February 3, 2011

New Sales Record for Novomatic

The Austrian gaming machine manufacturer considers the industry "on the upswing again". Casino licenses contributed to the result.

January 28, 2011

Casinos Austria Expands to Italy

Loss-making Casinos Austria hopes for a new and lucrative market in Italy.

January 25, 2011

Change in Leadership at Bank Austria

Paolo Fiorentino, has been elected as Chairman of the Supervisory Board of Bank Austria. Francesco Giordano will act as future Chief Financial Officer.

January 22, 2011

Generali Austria: Optimism for 2011

The Italian insurance company shows itself satisfied with the previous year's results in Austria and looks forward to 2011 with confidence.

January 21, 2011

Recovery is in Sight for Keba

The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.

January 18, 2011

Slight Decline in Furniture Exports

Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.

January 18, 2011

New Perspectives for Nabucco

The European Commission wants to commit Azerbaijan to supply gas to Europe. This is expected to be done via the Nabucco pipeline.

January 14, 2011

Polytec Sells Italian Subsidiary

Today Polytec Holding AG signed an agreement to sell 100% of the shares of Polytec Composites Italia (PCI) to Industrie Metallvakuum Ranger S.p.a. (IMR).

December 29, 2010

Italian Support for Nabucco

The Italian power company Edison cooperates with the Nabucco gas pipeline project. The aim is to create synergies.

December 28, 2010

Polbank: Intesa Bids, Raiffeisen Still in the Race

In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.

November 25, 2010

Risk Exposure of Austrian Banks: € 32 billion

The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.

November 25, 2010