Read the latest headlines about developments in the international technology industry in Vienna and Austria
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Vienna International Technology Industry News

Online Sports Betting: Competition from William Hill

Local providers of online sports betting get a new competitor. William Hill, Britain's largest betting shop operator (about 2,300 stores) has launched its own Internet offering for Austria.

October 13, 2010

Klosterneuburg: LVA Invests 11.2 million euro in New Complex

The private food testing institution is erecting a new office and laboratory building north of Vienna, with 4,500 square meters of floor space for 120 employees.

October 13, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010

Chip Manufacturer Infineon: Revalorization of the Development Center Graz

The German chip maker based in Villach is bundling competencies. All future research on tire pressure sensors will be made at the Infineon Development Center Graz with 250 employees.

October 8, 2010

Asfinag: Toll Revenues for 1.63 Bllion Euro in 2010

The motorway vignette will bring the state-owned motorway company Asfinag 350 million euro this year, truck tolls one billion. Total revenues will be around 100 million above those of 2009, but debts increase by around 600 million.

October 8, 2010

AVL Opens Battery-Testing Lab in Shanghai

With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.

October 6, 2010

Doppelmayr: Major Contract from San Francisco for 121 Million Euro

After major orders for its cable car system for Las Vegas and Venice, the cable car technology group from Vorarlberg now also got on track in the greater San Francisco area with the largest order in the company’s history.

October 5, 2010

Kapsch TrafficCom: Polish 1.24 Billion Euro Contract for Truck and Bus Toll System

The company listed in the Vienna Stock Exchange will build up the entire toll system for trucks and buses weighing over 3.5 tons on Poland's roads for July 2011.

October 4, 2010

FACC Grows and Hires

The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.

October 1, 2010

Baur: Sales Growth and Eastward Look.

Baur Prüf- und Messtechnik reported a moderate growth in sales during the crisis year. Now the company wants to continue growing abroad.

October 1, 2010

Vienna now has its own Expat Center

In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).

September 30, 2010

Insolvencies: Declining Trend for Both Companies and Individuals

KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.

September 28, 2010

Austria Continues Being the Largest Investor in Romania

"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"

September 23, 2010

webfreeTV - Revocation of Listing at the Vienna Stock Exchange

webfreeTV.com, the multimedia service provider from Burgenland is being excluded from the Vienna Stock Exchange as of October 31 because of repeated violation of disclosure requirements.

September 21, 2010

Siemens Austria: Corruption Prosecution Expands Investigation

According to a media report, the prosecution has questioned two ex-managers of the group on suspicion of infidelity. They allegedly bribed business partners in South Eastern Europe.

September 21, 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

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

Plansee expands into India and China

Despite the decline in sales, the Tyrolean company Plansee expands into Asia.

September 13, 2010

Reorganiser Grossnigg is interested in S&T

The in deficit IT group S&T is about to be restructured. Format, the Austrian magazine, reports that reorganizer Erhard Grossnigg intends to take over the majority of shares.

September 9, 2010

Parker Hannifin opens subsidiary in Upper Austria

In the future, Parker Hannifin, a U.S. industry supplier, will operate in 17 CEE countries from Austria.

September 8, 2010

Magna - Plan of arrangement completed

Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.

September 1, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

TeleTrader decreases loss, raises revenues slightly

TeleTrader, a stock-listed IT service provider, posted in H1 2010 a loss on ordinary activities of EUR 62,000 (US$ 48,819), which was slightly better than the loss in H1 2009 (EUR 170,000/US$ 215,900).

August 30, 2010

AT&S to shift gears

The expansion in China and India as a driver for the circuit board manufacturer.

July 22, 2010

Intercell AG - publication pursuant to Sections 4 and 5 of the Publication Ordinance

Since 2002, the shareholders meeting of Intercell AG has issued stock options on a regular basis to members of the management board, the supervisory board and employees.

July 21, 2010

Eco World Styria - Styrians to outstrip U.S.

The network meets the future on the international market as "The World's Green Tech Valley": a success story.

July 16, 2010

Intercell reports Phase II Study Results of its Vaccine Enhancement Patch for Pandemic Influenza

Intercell AG today announced the results of a Phase II clinical trial of its investigational Vaccine Enhancement Patch (VEP) system for avian H5N1 influenza.

July 2, 2010

Christ Water Technology AG - Invitation to the AGM

Pursuant to the Squeeze-out Act, CWT is obliged to make an announcement regarding any planned resolution to squeeze out minority shareholders at least one month before the day of the AGM.

July 1, 2010

S&T System Integration & Technology Distribution AG - Change to the Management Board

CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.

June 29, 2010

Intercell AG -Resolutions of the AGM

Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.

June 28, 2010

Christ Water Technology AG - Remaining minority shareholders to receive €2.10 per share

The Management Board of CWT and Eimco as principal shareholder of CWT have now jointly fixed the appropriate compensation at €2.10 ($2.6) per CWT share. The appropriateness of this compensation remains to be reviewed by the Supervisory Board of CWT.

June 25, 2010

Austrian Institute of Technology - "Last Chance" was used despite economic crisis

The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".

June 24, 2010

New plant location opened in industrial park Gmünd

The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.

June 24, 2010

Internet services industry produces about €6b

The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.

June 17, 2010

Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile

International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.

June 10, 2010

SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects

A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.

June 10, 2010

Telekom Austria approves dividend of 75 cents

Austria's telecommunications service provider Telekom Austria decided at its regular meeting today, a dividend of 0.75 euros for 2009.

May 28, 2010

BWT AG - AGM agrees on all items of the agenda

The AGM of BWT Aktiengesellschaft passed all items of the agenda. The dividend was raised to EUR 0.40 per share after EUR 0.38 last year and will be discounted on May 31st and paid on June 2nd.

May 26, 2010

SW Umwelttechnik - Quarter 1 results

Quarter 1 turnover reached the same level as that of the previous year even though it was a severe and snowy winter - the result was noticeably improved due to the instigated cost saving measures and focusing on locally financed projects.

May 26, 2010

Telekom and Mobilkom’s staff representatives prefer a fusion - „Together we’re strong”

To allow for a better representation of employees staff representatives of Mobilkom and Telekom agreed to form a demonstrative collusion.

May 19, 2010

China’s minister of economic affairs visiting Vienna

Chen Deming, Chinese minister of economic affairs signed contracts worth of $900m. President Heinz Fischer and Reinhold Mitterlehner (Austrian minister of economic affairs) he was accompanied by a delegation of 120 advisors.

May 19, 2010

phion AG - results of financial year 2009/10

IT security specialist phion - the majority of which was acquired by US group Barracuda Networks - was partly affected by reluctance of medium and large companies to invest in IT security.

May 18, 2010

Kapsch TrafficCom releases results for fiscal year 2009/10

Kapsch TrafficCom AG reported an increase in consolidated revenues at a reduced EBIT but at a clearly increased profit before as well as after tax in fiscal year 2009/10 as compared to the same period in the previous fiscal year 2008/09.

May 18, 2010