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The United States of America in Austria | American Expats in Vienna

Eder Reaffirms: „European Industrial Sector Is in Danger“

In an interview with the Austrian news magazine “Presse”, voestalpine´s CEO Wolfgang Eder criticizes the European industrial policy sharply.

January 21, 2013

Bank Secret: Brussels Increases Pressure on Austria

EU-Commissioner Algirdas Semeta calls Austria and Luxembourg to give up their blockade against the reform of the interest taxation directive.

January 14, 2013

Central Europe's Relations With the U.S.

Philip H. Gordon from the Bureau of European and Eurasian Affairs at the U.S.-Central Europe Strategy Forum, Center for European Policy Analysis (CEPA) in Washington, DC remarks on the issue of U.S. relations with Central- and Eastern Europe as follows.

January 9, 2013

Equity Market: Erste Group Cautiously Optimistic

Earnings are expected to grow again, but vulnerabilities remain. The global debt crisis remains unsolved, Erste Group says.

December 29, 2012

Bawag Concludes Capital Increase of € 200m

Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.

December 28, 2012

Voestalpine Leaves Europe Step by Step

The Austrian steel company wants to reduce the dependence on Europe. Growth will take place elsewhere, CEO Wolfgang Eder says.

December 20, 2012

Voestalpine: „Growing by 50% Until 2020“

The Austrian steel group presents its strategy for the next years. The importance of conventional steel and Europe will decrease.

December 18, 2012

Ponta to Remain as Prime Minister

Despite heavy dispute with Ponta, Romania´s President Traian Basescu announced to swear him as Prime Minister. Basescu has no other choice.

December 17, 2012

Voestalpine: Major Investments in U.S.

The Austrian steel company wants to build a steel plant for $ 1.0bn in the U.S.

December 17, 2012 · Updated: December 17, 2012; 14:53

Austria: BWB Approves New Shareholder at Bawag

The U.S. investment fund Golden Tree Asset Management becomes the second core shareholder of the Austrian bank.

December 14, 2012

RHI: USA and India as Growth Markets

CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.

December 1, 2012

RHI: 2012 Will be Successful

The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.

November 30, 2012

OMV Underlines Necessity of Shale Gas Production

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.

November 20, 2012

Bawag: Cerberus Shares Ownership with U.S. Hedge Fund

The U.S. hedge fund Golden Tree Asset Management becomes a 40% shareholder at the Austrian bank.

November 19, 2012

U.S. Investors Dominate Viennese Prime Market

Vienna Stock Exchange Road Shows in Zurich and New York Garner Great Interest.

November 19, 2012

Voestalpine: Expansion into U.S.

The special steel division Böhler Uddeholm of the Austrian steel producer voestalpine opens a new site in Illinois.

November 15, 2012

Fitch Raises Turkey´s Rating

According to the U.S. rating agency, the Turkish economy performs well and became stable.

November 5, 2012

FMA: „Austria is Open to Blackmail by Banks”

Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.

October 23, 2012

Bawag Gets New Owner

In return for a capital increase of € 200m, the U.S. investment fund Cerberus cedes a 33% stake in the Austrian bank.

October 19, 2012

RHI Begins to Downsize in Europe

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

October 18, 2012

Austrian Business Location Becomes Less Attractive

The economic sentiment of U.S. companies operating in Austria is decreasing. The high non-wage labor costs are Austria´s biggest problem.

October 17, 2012

Voestalpine: No Investments in Europe

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

October 12, 2012

Andritz Acquires Allied Environmental Solutions, USA

The Austrian technology Group Andritz has acquired Allied Environmental Solutions, Inc. (AES), with headquarters in Columbia, Maryland, USA.

October 8, 2012

„Austria Does Not Need Shale Gas“

Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.

October 1, 2012

Spindelegger: "Political progress more urgently needed than ever before"

Austria´s Minister of Foreign Affairs meets President of the Palestinian National Authority Abbas and the Foreign Ministers of Tunisia and the United Arab Emirates in New York.

September 27, 2012

“European Union Not Endangered”

Austrian Vice-Chancellor Michael Spindelegger defends the euro at the renowned US university Harvard and emphasises Austria’s performance on the international stage

September 26, 2012

Kapsch and Apple Expand Cooperation

Austrian Kapsch BusinessCom intensifies its cooperation with Apple. Kapsch offers solutions that will soon allow even the newest models such as the iPhone 5.

September 24, 2012

Haynes: Cerberus Supports Bawag

Bawag´s CEO Byron Haynes confirms that the bank will cut jobs. The customer segment should be kept, however. Instead, the cost structure should become more efficient.

September 20, 2012

Ukrainian Delegation Has Begun Working Visit to the U.S.

Ukrainian official delegation headed by the Governor of the National bank of Ukraine - Sergyi Arbuzov arrived to the USA to begin a four-day working visit.

September 19, 2012

Austrian Financial Assets Decreasing

Austria is still among the wealthiest nations worldwide. According to a study of the German insurer Allianz, Austria ranks 15.

September 18, 2012

Bawag to Cut 700 Jobs

The Austrian bank plans to sharpen its austerity program. The private trade segment should be downsized in order to reduce the equity requirement.

September 18, 2012

Austrian Audit Court to Check Gold Reserves

According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.

September 1, 2012

Kapsch TrafficCom IVHS Wins Project in Houston, Texas

Award signifies Kapsch’s first Incident Detection System deployment in the U.S.

August 30, 2012

Spindelegger: “No United States of Europe”

The Austrian Vice-Chancellor wants to promote a political union in Europe. However, this system should not be the same like in the U.S.

August 30, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012

Voestalpine Underlines Expansion Into Asia and America

For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.

August 25, 2012

Lenzing Continues to Supply Fibers to US Army

Flame-resistant fibers from Austria of superior quality.

August 25, 2012

Bawag May Sell Leasing Unit

The Austrian lender Bawag, which is owned by the U.S. investment fund Cerberus, is said to sell its leasing business.

August 23, 2012

Voestalpine Expands Into USA

In the next several years, the Austrian steel group will be investing more than € 100m in new plants in China, the USA, South Africa, Romania, and Germany

August 23, 2012

Grexit: Aiginger Warns of Shock in the Balkan Region

Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.

August 21, 2012

VBAG to Sell Container Business

The Austrian partly nationalized bank is said to sell its container leasing business for € 163m.

August 18, 2012

Hungary: Most Foreign Firms from Austria

In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%

August 7, 2012

No Merger Between VBAG and Bawag

Bawag´s CEO Byron Haynes reaffirmed that U.S. owned bank is not interested in a merger with the partly nationalized VBAG.

August 6, 2012

„Dayli“: Up to 20% Yield

With the acquisition of Schlecker Austria, the Austrian investment funds TAP 09 wants to achieve the turnaround soon.

August 2, 2012

AUA Invests € 80m in Long Distance Flights

Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.

July 30, 2012

Kapsch TrafficCom: Major Contract in U.S.

The Austrian IT company achieves a contract award in Texas for supply of first total system in North America. The contract value for implementation reaches $ 79 million (about € 64m).

July 30, 2012

Bawag and Generali Extend Cooperation

The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.

July 23, 2012

Sikorsky and Pankl enter into new long Term Supply Agreement

Austrian Pankl Aerospace Systems wins first Sikorsky Entrepreneurial Challenge.

July 23, 2012

U.S. Zumiez Acquires Austrian Action Sports Retailer

Blue Tomato Sold for € 60m. Zumiez Inc. Acquires Leading Austrian Action Sports Retailer

July 18, 2012

Kapsch TrafficCom: Rise in Revenues Ahead

Analysts expect the Austrian IT company to record a substantial increase in revenues. The earnings are different.

July 16, 2012