Read more headlines about Austria's international business environment (which are not covered in the other topics, including commodity and currency markets)
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Latest Headlines about other Business & Economic Developments

Manner: Results Burdened by High Commodity Prices

The Austrian candy manufacturer posted a loss of € 2m in the first six months of the year. Revenue increased by almost 11%.

August 31, 2011

Austria Is One of Three Euro Countries with Lowest Default Risk

Only three euro countries were found to have low default risk combined with a positive trend. The euro zone is seen in an “existential crisis”.

August 8, 2011

Massive Increase in Municipalities’ Foreign Currency Debt

The amount of foreign currency debt has doubled since 2009 and surpassed € 2bn in February 2011. Swiss franc denominated loans accounted for almost 100%.

July 25, 2011

Massive Increase in Wholesale Prices

Wholesale price index in March 2011: +12.1% against March 2010. Cereal and feeding stuff prices almost doubled.

April 7, 2011

Austrian Producer Prices Still on the Rise

Strong rise of industrial producer prices in January 2011: +5.0% compared to January 2010.

March 22, 2011

Sales Record for Schoeller Münzhandel

Schoeller Münzhandel, a subsidiary of the Austrian Mint, recorded sales for € 438.5m last year.

March 15, 2011

Austrian Inflation Speeds Up

The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.

March 1, 2011

Austrian Gas Price Index at a New High

The Austrian gas price index ÖGPI(C) recorded a significant increase in March 2011 in comparison with the previous month, rising to 117.16 points.

February 26, 2011

Increase of Inflation Forecast

The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices

February 24, 2011

Libya Crisis: No Shortage of Supplies

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

February 23, 2011

Austrian Industrial Producer Prices up by 4.9%

Ongoing upward trend for industrial producer prices in December 2010: +4.9% compared to December 2009; Annual average 2010: +2.7% against 2009

February 19, 2011

Oil Production Declined in Austria

Domestic oil production fell last year by 3.3% to 965,112 tons. Gas production increased however.

February 16, 2011

Wholesale Price Index Strongly Rising

Austrian Wholesale price index in January 2011: +11.6% against January 2010.

February 8, 2011

National Bank Warns against Foreign Currency Loans

According to the governor of the Österreichischen Nationalbank (OeNB, Austrian National Bank), Ewald Nowotny, the sum of pending foreign currency loans in Austria is € 54bn.

February 3, 2011

Strong Increase of Industrial Growth at the Beginning of the Year

The Bank Austria Purchasing Managers Index shows a strong increase in production in January 2011 due to accelerated order growth.

January 29, 2011

Austrian Gas Price Index Continues to Rise Slightly

The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.

January 26, 2011

Industrial Producer Prices Up by 4.2%

According to Statistics Austrian, the industrial producer price index in November 2010 went up by +4.2% compared to November 2009.

January 21, 2011

Commodity and Food Prices Rising

Austrian Wholesale price index in December 2010: +9.1% against December 2009; annual average 2010: +5.0% against 2009.

January 5, 2011

State Secretary for Finance: Euro-bonds as a Medium-term Strategy

The Austrian State Secretary for Finance, Andreas Schieder, does not discard Euro-bonds, against the majority view of German and Austrian politicians.

December 31, 2010

Further Increases in Prices of Industrial Goods

Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.

December 20, 2010

Central European Gas Hub Launch Futures Market

Central European Gas Hub and Vienna Stock Exchange launch futures market on the CEGH Gas Exchange of Wiener Börse. CEGH also operates in the OTC market.

December 10, 2010

Austrian Resistance Against Euro Bonds

Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.

December 8, 2010

OeNB Governor Nowotny Approves of Ireland Protection Measures

The governor of the Austrian National Bank says the decisions on Ireland and the European stability mechanism are positive.

November 29, 2010

Production Quota of OPEC Remains Stable

There was consensus in the Vienna-based OPEC. Members show their satisfaction with the current situation.

October 15, 2010

Global Financial Market System: Norbert Walter Urges for Regulation of Financial Markets

Economist Norbert Walter discussed world financial markets with Lower Austria Deputy Governor Sobotka and Hypo Lower Austria Chairman of the Board Harold at the HYPO Invest Club.

October 12, 2010

Vienna Stock Exchange - Agreement with Macedonian Stock Exchange on Joint Dissemination of Data

In the future, the price data of the stock exchange of Macedonia will be disseminated in real time via the datafeed Alliance Data Highway (ADH) of the Vienna Stock Exchange.

October 8, 2010

Postponed: Decision on Nabucco Not Before 2011

Because the talks with the main supplying country Azerbaijan are proceeding with exceeding slowness, the decision about the construction of the pipeline will not be possible this year.

October 8, 2010

Immofinanz: Positive Signs Again

At exactly 12:53 pm on Thursday, an order for 926 shares allowed the Immofinanz stock to fight its way back to the zero-line. Investors hope that the worst is over by now.

September 30, 2010

Meinl Bank Pays 6 Million Euro: Airport Intl. and Power Intl. Reach a Partial Agreement

Meinl Bank and International Power pull back all the claims against each other, except those in the arbitration court.

September 27, 2010

Böhler-Uddeholm Forge Operation Obtains 130 Million Euro From voestalpine

The stock exchange listed steel group voestalpine has invested 130 million euro in a new forge operation at Böhler Edelstahl, Kapfenberg.

September 23, 2010

Foreign Direct Investments (FDI) Declined by 80%

Participation in companies and real estate are attractive, but Austrian firms are reluctant to make acquisitions in Eastern Europe.

September 22, 2010

CEE Banking Sector Report: Still More Credit Losses in the East

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

September 21, 2010

Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned

After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.

September 20, 2010

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

CESEE Bank Conference: Joint Supervisory Academy in Vienna

Finance Minister Josef Pröll wants to create common standards for the CEE region with an Eastern Bank Supervisory Academy in Vienna.

September 17, 2010

Sugar cartel held Austria by the short hairs from 2004 to 2008

Südzucker, Agrana and another provider sealed off the Austrian sugar market by collusion from 2004 to 2008. The Competition Authority has filed an application for a fine. A chief witness has spilled the beans.

September 10, 2010

Energy - Three offers for Verbund power plants

Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.

September 7, 2010

Voestalpine back in black

The Austrian steel company Voestalpine has benefited from strong economic recovery in the first quarter of 2010/11 and has by far exceeded earnings expectations of analysts.

August 20, 2010

Vienna Stock Exchange - 2,650 points by the end of the year

Compared to the world's major stock exchanges the ATX is seen as an average performer with -5% in the first half of this year.

July 16, 2010

EURO - Confidence returns

Patient Euro is on the road to recovery. Europe's debt crisis and the financial problems mainly of Greece greatly affected the exchange rate earlier this year. Now, the Euro regains strength. After the low of $1.18, the Euro recovered step by step rising

July 16, 2010

Raiffeisen recommends - "Hands off of Gold"

RLB-manager Gerhard Rehor interprets rising gold price as signs of a bubble, and discourages investment.

July 14, 2010

Vienna Stock Exchange - Strong rebound situation similar to 2009

Despite a poor image in the chart last week the ATX registered a strong rebound.

July 9, 2010

Banks swap gold - Caused by Central banks?

European banks have tons of bunkers gold at the "Super Fed" BIS (Bank for International Settlement). But they could have acted only as intermediary.

July 8, 2010

Vienna Stock Exchange - Weak week

With -6.2%, the ATX registers a weak week. The only positive factor is that recent annual lows were not crossed.

July 2, 2010

Vienna Stock Exchange - The largest price gains and losers in the first Six months

Airport Vienna with largest share, Intercell leads losers list.

June 30, 2010

All currencies declining against gold

The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to Stöferle.

June 23, 2010

Power International Limited continues legal battle with Meinl Bank

The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.

June 22, 2010

Vienna Stock Exchange includes two fundamental indices

The Vienna Stock Exchange introduces two Fundamental Indices, CECE and CEETX fundamental, which includes the company CECE and the CEESEG (CEETX) Traded Index.

June 22, 2010

Power International Limited - AGM approves all resolutions

All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.

June 22, 2010

Vienna Stock Exchange - Wienerberger and Voestalpine very robust

The Vienna Stock Exchange ended Monday’s trading day with weak volume and higher prices. The ATX rose 42.66 points, or 1.81 percent, to 2405.77 units.

June 14, 2010