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Switzerland in Austria | Swiss in Vienna | Bilateral Relations
Austria and Switzerland - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Austrian Tourism Industry is Cautiously Optimistc
The Austrian Minister of Economic, Reinhold Mitterlehner considers that the tourism industry has learned to deal with an economic crisis.
November 28, 2011
Austrian IT Service Provider Expands to Canada
The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011
Strong Rise in Sales for austriamicrosystems
Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.
October 24, 2011
R&D Expenses on the Rise
The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).
October 24, 2011
Victory AG Sold to China
The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.
October 22, 2011
Austrian Food Exports are Booming
About 66% of the domestic food production is being exported. Germany remains the most important foreign market.
October 10, 2011
Kresta Takes Over Swiss Buss ChemTech
The newly acquired company will become the technology center of the Austrian plant building company.
September 30, 2011
Austrian Foreign Trade Rising Significantly
January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%
September 6, 2011
SkyWork Launches Services to Vienna
The Swiss Airline now provides flights to the Austrian capital.
September 6, 2011
S&T Deeper in the Red
The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.
August 10, 2011
Zhengzhou Acquires Plant in Upper Austria
The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.
August 9, 2011
IHS: Keuschnigg in Pole Position for Succession of Felderer
The institute’s board of trustees has voted for the Tyrolean Keuschnigg as successor of retiring boss Felderer. Contracts still have to be signed.
July 28, 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
austriamicrosystems to Be Included in SIX Swiss Exchange’s SPI Middle Index Basket
Inclusion of the Austrian microelectronics and semiconductor manufacturer in the SPI Middle index basket becomes effective September 19, 2011.
July 21, 2011
Gerhard Niesslein Becomes CEO of Orascom Development Holding
The Swiss-based town developer appoints Austrian Gerhard Niesslein as new CEO of the Group. Samih Sawiris remains Executive Chairman focusing on the firm's strategic development.
July 15, 2011
ACP Says No to IPO
The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.
June 27, 2011
Austrian Labor Market Relatively Stable during Crisis
A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 2011
JCL Logistics Acquires Competitor in the Netherlands
The Styrian logistics provider will become market leader in the Benelux countries. The company is active in 25 countries already.
June 9, 2011
Swiss Expert Criticizes Austria’s Role in International Money Laundering
OECD expert: “Austria is used as a gateway for international money laundering. It is doing too little to fight the phenomenon.” Only twelve convictions were made in 2009.
May 26, 2011
Hypo Tirol Continues Restructuring Process
The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.
April 27, 2011
Payer Takes over Fluid Pack Production from Roche
July 2011 will see Roche Diagnostics in Graz transfer 6 fluid pack production systems to Payer International Technologies in St. Bartholomä. The cooperation with Roche continues.
April 15, 2011
Profit Decline at Zürich Austria
The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 2011
Red Bull Mobile now also in Belgium
The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.
April 7, 2011
S&T Reduces Jobs
The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 2011
Strabag: Takeover of Swiss Companies
Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.
March 8, 2011
AWD Austria Records Losses
The Swiss/German financial consulter could not manage the turnaround in 2010.
March 5, 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
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
EnBW Intends to Expand Engagement in Austria
The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011
austriamicrosystems Reports Increase in Revenues
austriamicrosystems reports preliminary unaudited financial information for full year and fourth quarter 2010.
January 20, 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
A-Tec Sells Subsidiary in Germany
Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011
Austria's Competitiveness Increases Slightly
Austria rose one place, to the 21st, in the ranking of the most liberal economies.
January 14, 2011
Immofinanz: Record Letting Results for German Subsidiary
The Austrian Real Estate Group benefits from the upswing in the German property market.
January 12, 2011
Austria's Export Economy is Booming
Given the high growth rates in the past year, the Austrian export economy shows itself also optimistic for 2011.
December 22, 2010
JCL Logistics and Rail Cargo Austria Step into Strategic Alliance
Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.
December 15, 2010
Madoff Proceedings: Billion Lawsuit against Bank Austria
The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.
December 13, 2010
Mayr-Melnhof: Bankruptcy in Switzerland
The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.
December 8, 2010
Mitterlehner: To Expand Further Good Trade Relations with Switzerland…
The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".
December 2, 2010
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
Roche Lays Off 400 Jobs in Styria
The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.
November 18, 2010
Switzerland: Pecik and Stumpf Ransom Themselves
While the two investors paid a fine for the case Sulzer, the case Oerlikon is still not finished.
October 21, 2010
AUA: Licenses in Russia Expire
Austrian Airlines are worried about the landing and overflying rights in Russia. If there is no extension, there is a threat of higher costs.
October 20, 2010
Austrian Airlines Loses Swiss Destination
As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport
October 19, 2010
Austrian Post Cooperates with Swiss Post
The two companies plan a joint venture to bundle international activities in the field of addressed advertising mail.
October 15, 2010
Oerlikon: Acquittal for Stumpf, Vekselberg, Pecik
In the case of Oerlikon, the Swiss Federal Criminal Court acquitted investors Viktor Vekselberg, Georg Stumpf and Ronny Pecik from the charge of violating the Exchange Act in the case of OC Oerlikon.
September 24, 2010
A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer
AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.
September 20, 2010
Swiss Post International is Not Interested in the Austrian Mail Business
According to its Austrian CEO, Georg Weidinger, the state-run Swiss Post is not one of the future competitors of the Post AG in the mail business,
September 20, 2010
Volksbank Vorarlberg: High Losses in Switzerland
Commitment to financial advisor JML did not go as desired: losses up to 3.9 million euro
September 15, 2010
Strabag keeps Implenia in suspense
Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.
June 25, 2010
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