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The United States of America in Austria | American Expats in Vienna
Austria and the U.S. - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
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
Austrian Foreign Trade Figures Flattening
After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.
July 12, 2012
bwin.party´s Earnings Under Pressure
The Austro-British entertainment company issues a pre-close trading update. Due to new taxes in Germany, the expectations are decent.
July 10, 2012
Economic Report: „Reducing Dependence on Europe“
Today, the Austrian government published its "Economic Report 2012".
July 9, 2012
Voestalpine to Put Effort into Growth
The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.
July 4, 2012
Austrian Companies at Semicon West
Strong presence of Austrian Companies at the biggest event for the global microelectronic industry.
July 3, 2012
Austrian Automotive Industry in NAFTA Markets
Austrian companies from the automotive sector present themsevels in Detroit on October 25th.
July 2, 2012
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