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Spain in Austria | Spaniards in Vienna | Bilateral Relations
Austria and Spain - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Bolivia: “We Don’t Need a US Embassy“
Bolivian President Morales is still infuriated over the flight incident and considers closing of US embassy in La Paz. He is supported by his counterparts from Venezuela and Ecuador.
July 5, 2013
Alpine: Serbia to Withdraw from Contract
Serbia intends to withdraw from the building contracts for the construction of a highway with bankrupt Alpine within the next 15 days.
July 3, 2013
Vienna: Bolivian President Allowed to Continue Journey
Bolivan President Evo Morales had to land in Vienna after several European countries – among them Spain, France and Portugal – refused the right to overfly.
July 3, 2013
Alpine: 2,600 Jobs Secured
Social Minister Rudolf Hundstorfer assumes that a lot of Alpine employees will continue to be employed. Former CEO Schiefer announced that Alpine was “clinically dead” when he took over management in April 2013.
July 1, 2013
Borealis to Invest EUR 65 Million in Porvoo Borstar PE Plant
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced a major upgrading project at its production site in Porvoo, Finland.
June 28, 2013
Leitl: „Austrian Enterprises Need Further Growth Impulses“
The Austrian Chamber of Commerce (WKO) commits to budget consolidation but growth is the basis for a balanced state budget.
June 27, 2013
Alpine to Be Divided Up
Swietelsky plans to take over 1,500 employees. Strabag announced interest but remains unheard.
June 27, 2013
Alpine: Work to be Resumed At Construction Sites
Time pressure grows. Work at the closed down construction sites of bankrupt Alpine it to be resumed soon.
June 26, 2013
Alpine: Biggest Bankruptcy in Austrian History
Bankrupt-gone construction company Alpine operates at 1,400 construction sites and is supposed to complete orders in the amount of € 800m. The shutting down of the enterprise has been decided.
June 25, 2013
Alpine to Be Shut Down
Bankrupt-gone construction company Alpine is facing a breaking down. After negotiations about establishing a rescue company failed, the enterprise will apply for a shutdown.
June 24, 2013
Alpine-Insolvency: 80 Companies Affected
After an analysis by credit protection association Kreditschutzverband 1870 (KSV1870), the majority of around 1,400 suppliers and subcontractors is not affected by the construction company’s bankruptcy.
June 21, 2013
Austria: Investigations on Loan to Alpine
Apparently ailing bank Hypo Group plays a role in the bankruptcy of Austrian construction company Alpine. The bank is supposed to have granted a bridge loan.
June 21, 2013
Alpine: Thousands of Jobs At Risk
Alpine’s Insolvency could cost thousands of people’s jobs. According to Social Minister Rudolf Hundstorfer, the Social Ministry would utilize all means to prevent a worst-case scenario. Alpine's affiliate in Germany is filing for bankruptcy as well.
June 20, 2013
Alpine Facing Bankruptcy
The restructuring of Austria’s second biggest construction company Alpine has failed. The enterprise therefore has to face bankruptcy.
June 19, 2013
Poland: Deputy Transport Minister Dismissed
Former Deputy Transport Minister alleged of corruption. Austrian construction company Alpine involved.
June 18, 2013
Alpine: Bondholders to Lose Assets
On Monday evening the decision was made for the financial reorganization of the Austrian construction company.
June 18, 2013
Alpine Can Take A Breather
Alpine’s liabilities amount to € 450m. Spanish parent company FCC is supposed to provide a capital injection of € 150m.
June 13, 2013
Dispute About Tender for Orient Express
The Orient Express once led through Romania. These days, this section is cause for legal disputes in connection with the tender in the amount of € 330m.
June 13, 2013
Alpine’s Fate Hanging By A Thread
The fate of Austrian construction company Alpine is hanging by a thread. If negotiations fail Alpine has to face its ruin.
June 13, 2013
Mayer-Melnhof Expands to Norway
MM Karton expands raw material supply for cartonboard production.
June 11, 2013
WKO Export Day in Vienna
On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
June 8, 2013
Czech Republic: Dumping Offers for Building of Highway
Major construction companies screw down prices for the building of a highway segment from Linz to Prague.
June 3, 2013
Leitl: „There Is No More Time To Waste“
Switzerland and Sweden pull away from the rest of the European countries in regard to international competitiveness, according to the latest IMD report, while Austria has been falling behind.
May 31, 2013
World Competitive Ranking: Austria Loses 7 Ranks
The World Competitive Ranking of Lausanne IMD Private School of Economics has become one of the most significant location comparisons on an international basis in the last 25 years.
May 29, 2013
FCC Wants Guggenheim Partners As Financial Ally
With debts having amounted to more than € 8bn, Spanish parent company of Alpine is now looking for potential financial partners.
May 24, 2013
MotoGP™ and bwin Continue Partnership Until 2015
Commercial rights holder of the MotoGP™ World Championship, Dorna Sports, and bwin, Europe’s largest sports book, announce a two-year extension of their longstanding partnership which began in 2004.
May 22, 2013
Alpine Denies Bankruptcy Rumors
The Austrian construction company is to sell its affiliates. However, the expected sale earnings are disproportionate, according to experts. Spanish parent company FCC is said of not being able to raise any further aid money.
May 17, 2013
Alpine: Dispute in Poland About to Escalate
A dispute about the construction of a bridge has intensified. The construction company Alpine has withdrawn from the contract for the building of a highway segment in Poland.
May 15, 2013
Slovenia Likely To Require More State Funds Than Expected
According to Morgan Stanley, the Slovenian national treasury will need a further amount of € 11bn until 2016. Slovenian Finance Minister Cufer is expected to present the new program in Brussels today.
May 13, 2013
CEO of Alpine: „Hubris Led to Losses“
Schiefer, new CEO of Alpine, explained in an interview why Alpine made losses in 2012.
April 25, 2013
Slovenia to Emerge From Quagmire By Itself?
A recent report by the OECD paints a dim picture of the country’s economic future.
April 17, 2013
Bad Outlook for Slovenia’s Economy
Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.
April 11, 2013
Household Assets in Austria Lower Than in Spain
The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.
April 10, 2013
Austria: How to Finance Future Innovations
„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).
April 9, 2013
EU’s Austerity Cuts Adverse to Health
EU’s austerity measures negatively affect citizen’s health, is the result of a health study carried out by “The Lancet”. The Commission was supposed to examine the political effects.
March 27, 2013
Austria: Tax Burden Lessens With Higher Income
According to an OECD study only three industrialized nations (Austria, Germany and Spain) show a degressive tax system.
March 26, 2013
Austria: Alpine’s Future Sealed
The restructuring contract has been signed by banks and insurance companies. Shareholders are not affected by a haircut.
March 26, 2013
Austrians Poorer Than Italians or Spaniards?
According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.
March 22, 2013
FCC to Cut Down On Manpower
Alpine’s parent company, Spanish construction enterprise FCC is going to cut back on 1,000 jobs. Furthermore, company shares that are not part of the core business in the amount of € 2.2bn are supposed to be sold.
March 20, 2013
Andritz Lands Major Contract With Mondi
Andritz to support Mondi’s program for energy optimization and environmental protection with supply of state of the art plants and technologies
March 12, 2013
Austria: Alpine Turns Out a Big Burden For FCC
The construction company has avoided bankrupcy and is save – for the time being.
March 5, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
Alpine: Austrian Ministry of Finance Rejects Waiver
Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.
March 1, 2013
Alpine: Future Still Highly Uncertain
Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.
February 28, 2013
Austria: Final Talks about the Future of Alpine
Everything revolves around the debt cut and the Future of Construction Company.
February 25, 2013
Austrian Exports Reach new All-Time High
The Austrian Chamber of Commerce (WKO) today presented the foreign trade results of 2012. This year, WKO´s President Christoph Leitl expects s moderate increase in exports.
February 21, 2013
Alpine: Creditors Face Haircut
The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.
February 2, 2013
OMV: Final Investment Decision for Aasta Hansteen Gas Field
World’s largest floating spar platform in the Northern Norwegian Sea: Final investment decision taken to develop the promising Aasta Hansteen gas field including new pipeline infrastructure.
January 9, 2013
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