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Sweden in Austria | Swedes in Vienna | Bilateral Relations

Fekter Promotes Financial Transaction Tax

There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.

June 23, 2012

Green Party: ESM Approval Depends on Financial Transaction Tax

The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.

June 22, 2012

„Austria Must Not Become Mediocre“

The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.

June 18, 2012

Andritz Biomass Plant Opened in Sweden

The operation of Andritz' third biomass power plant in Sweden has been successfully transferred to its owner, Bollnäs Energi, during a celebration on 25 May 2012.

June 6, 2012

The Euro - A Big Error (Part 4)

The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.

May 31, 2012

Major Orders for Sandvik Austria

The Austrian subsidiary of the Swedish plant construction group achieved two major orders in Brazil and Laos.

May 11, 2012

New Record in Swedish-Austrian Bilateral Trade Volume

Austrian exports to Sweden reached a new record level in 2011. Moreover, the first surplus could be registered.

March 17, 2012

Unemployment of Older Aged Workers Increases Disproportionately

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

March 17, 2012

Lutz Enters Croatia

The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.

January 26, 2012

H&M Registers Sales Decrease in Austria

The Swedish clothing chain records a decrease in sales in Austria.

January 26, 2012

New Record for Austrian Wine Exports

Although the quantity of wine exports is shrinking steadily, the export volume worth € 126m reached a new record.

December 28, 2011

Tele2 Finalizes Acquisition of Silver Server

The Austrian Internet service provider is taken over for € 12.3m after the competition authority has approved the deal.

December 23, 2011

Rumors Say Raiffeisen Looking for New Investors

According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.

December 19, 2011

Strabag Strengthens Brand Presence in Sweden

The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.

November 17, 2011

Ikea Austria Reaches Over € 600m in Sales

The Swedish furniture corporation raised its market share in Austria to 13.9%. Sales grew by 1.6% up to € 604.2m.

October 15, 2011

Strabag Awarded Three Infrastructure Projects in Sweden and Finland

The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.

August 9, 2011

Building Project for Strabag in Sweden

The Austrian construction company is going to develop over 15,000 m² of residential and retail space. The project has a volume of SEK 600m (€ 67m) and will be completed in 2013.

June 16, 2011

Swedish Investor Buys Insolvent JoWood

The Austrian computer game producer will resume business after its acquisition. A payout plan ratio for the creditors has not yet been determined.

June 6, 2011

Erste Group Wins Lawsuit in Sweden

In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.

April 21, 2011

bwin: Possible Separation of the Swedish Subsidiary

Following the merger between the Austrian bwin and the British PartyGaming, bwin could be parted from the Swedish Ongame.

February 8, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

Joint Venture Between Swiss and Austrian Post

The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.

December 1, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010
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