Vienna International Professional Services Industry News

Read the latest headlines about developments in the international service industry in Vienna and Austria

“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

Upward Trend for Austria's Machinery and Metal Products Industry

The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).

March 25, 2011 · Updated: March 25, 2011; 03:12

ÖVAG Bundles Real Estate Activities

Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.

March 24, 2011 · Updated: March 24, 2011; 01:17

Bawag Announces Being Back in Black

Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.

March 24, 2011

Bank Austria: Operating Performance Improved, Net Profits Decline

The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.

March 24, 2011

conwert Announces Augmenting Operating Results

conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.

March 24, 2011

Higher Profits for UBM Despite Lower Production in 2010

Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

March 23, 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

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

ATX Launches Dividend Point Indices

The Vienna Stock Exchanges started calculating and disseminating dividend point indices.

March 22, 2011

RLB Upper Austria Records Massive Increase in Earnings

Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.

March 21, 2011

Ikrath: "Bank Tax Should Fall in 2012"

Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).

March 19, 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

Leasing Business Boom in Austria

Because of capital requirements and rigid lending conditions, leasing gains in importance as a financing alternative.

March 18, 2011

Steiermärkische Sparkasse Doubled Profits

The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.

March 17, 2011

Bawag: Successful Return to Profitability

The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.

March 17, 2011

Satisfactory Results for Insurance Industry

According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.

March 17, 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

VBI: Romania Remains a Weak Point

The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.

March 16, 2011

Sales Record for Schoeller Münzhandel

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

March 15, 2011

Bank Employees’ Salaries Increase at an Average of 2.3%

The union is satisfied with the salary increase of collective agreements for bank employees.

March 15, 2011

RLB Upper Austria Intends to Grow in Russia

The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.

March 14, 2011

Upward Trend for Erste Group and Raiffeisen

The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.

March 12, 2011

Atrium Reaches Turnaround

The real estate company recorded positive net earnings in 2010. Profits amounted to € 111.06m.

March 12, 2011

Viennese Stock Exchange Cooperates with Serbian Stock Exchange

The Vienna Stock Exchange welcomes Belgrade Stock Exchange as a new member of the data alliance.

March 11, 2011

Significant Rise in Earnings for CA Immo

The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.

March 10, 2011

Banks: No Agreement on Salary Negotiations

No agreement has been reached either in the fourth round of collective negotiations for bank employees. The situation is worsening.

March 9, 2011

Immofinanz: New Tenants for Romanian Procect

The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.

March 9, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Austrian Clearingbank Concludes Activities

The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.

March 5, 2011

AWD Austria Records Losses

The Swiss/German financial consulter could not manage the turnaround in 2010.

March 5, 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

Increasing Profits for BKS

The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.

March 4, 2011

Immofinanz: Bookbuilding for the New Convertible Issue Starts

The Austrian real estate company Immofinanz AG announced its intention to issue new convertible bonds due 2018.

March 4, 2011

The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities

In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.

March 1, 2011

Vienna Stock Exchange: Winners & Losers (2011-02-28)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

March 1, 2011

Erste Group: State Aid to be Refunded

The CEO of Erste Group, Andreas Treichl, is considering paying back the state money for the amount of € 1.2bn.

February 26, 2011

Profit Record for Erste Group

Austrian Erste Group increases 2010 net profit by 12.4% to € 1,015.4 m on strong operating result and lower risk costs.

February 26, 2011

Vienna Stock Exchange: Winners & Losers (2011-02-25)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

February 26, 2011

VBI: Purchase by Sberbank is Looming

The sale of the Eastern European holding company of the Austrian ÖVAG is taking shape. Even Chinese investors are interested.

February 25, 2011

Erste Group: Strong Increase in Lending

The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.

February 25, 2011

Austria's Insurance Industry Is on the Rise

In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.

February 24, 2011

Vienna Stock Exchange: Winners and Losers (2011-02-22)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

February 23, 2011

Saving in Austria Still Popular

Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.

February 22, 2011

Record for Austrian Savings & Loan Associations

Savings & loan associations exceeded the one million mark for the second time in 2010. Cash disbursements amounted to € 3.1bn.

February 19, 2011

Hypo Group: Losses up to € 1.3bn

The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.

February 19, 2011

OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia

OMV paid $ 800m plus $ 39.3m working capital and remains committed to maintaining a strong investment grade

February 19, 2011

Vienna Stock Exchange: Winners and Losers (2011-02-18)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

February 19, 2011

Erste Group manages € 1.25bn increase of Slovak Bonds

Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.

February 19, 2011

Vienna Stock Exchange: Winners & Losers (2011-02-17)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

February 18, 2011