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Austria International Utilities Industry News
Read the latest headlines about developments in the international utilities industry in Vienna and Austria
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Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
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Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
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WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
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Vienna Based UNIDO Holds Expert Panel to Discuss Developments in Industry and Society
The United Nations Industrial Development Organization hosted an expert panel about the future of industry and society. Main topics were the advancement of attaining the sustainable development goals and shaping society as a whole.
August 21, 2020
Schwarzenegger in Vienna: Kick-off for Climate Conference
Arnold Schwarzenegger and Federal Chancellor Kurz stress the need for effective climate protection.
January 29, 2020
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Vienna Energy Forum 2020 as a Hub for Innovative and Sustainable Energy Solutions
During high-level talks at the United Nations Climate Change Conference (COP 25), Maria Patek, Austria's Federal Minister for Sustainability and Tourism, announced the hosting of the Vienna Energy Forum (VEF) 2020.
December 11, 2019
Further Increase in Greenhouse Gas Emissions in Austria
Environmental control report calls for increased investment in climate-neutral economy and society. Climate neutrality requires change in the economy and society.
October 16, 2019
Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five
The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.
September 4, 2019
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What Does Vienna Have in Common with the New Silk Road?
In order to ensure sustainable development, the cities along the New Silk Road also have to face major infrastructural and social challenges, as well as climate-ecological challenges. More than 1000 participants from more than 178 cities are expected in September in the Vienna International Center for UNIDO's Bridge for Cities Conference as part of the Belt & Road Initiative.
August 12, 2019
High-Level Forum Africa-Europe - EIB Signs 3 Africa Projects Totalling Half a Billion Euros
At the Africa‑Europe High‑Level Forum in Vienna the European Investment Bank formally agreed a total of EUR 495 million of new financing for three projects in ten countries to support sustainable transport, clean energy and internet access projects in North, West and East Africa.
December 19, 2018
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Austro-Arab Energy Community Meets in Vienna to Discuss International Cooperation
The 10th Arab-Austrian Economic Forum & Exhibition took place in Vienna yesterday, organized by the AACC Austro-Arab Chamber of Commerce in cooperation with the City of Vienna and the Regional Center for Renewable Energy and Energy Efficiency (RECREEE). Under the general theme "Energy Transition - Urban Technology and Sustainable Cities", New Opportunities for International Cooperation and Partnerships, representatives from EU institutions, international organizations, funds, European and international financial institutions as well as ministers and high-ranking personalities from the Arab economy met representatives of the local economy, politics and business community. Participants included Nabil R. Kuzbari, Richard Schenz, Michael Ludwig, Omar Al-Rawi, Mahdi Allak, Johannes Peterlik, Samir Koubaa, Michael Esterl and Li Yong.
October 2, 2018
Vienna Energy Forum and the R20 Austrian World Summit 2018: Feedback of a Participant
At the Vienna Energy Forum and the R20 Austrian World Summit recently held in Vienna, Beatriz Mayor of IIASA - International Institute for Applied Systems Analysis also participated, who shares her interesting insights as follows.
June 6, 2018
Top Energy Events Put Vienna in the Focus of the Global Clean Energy Economy
The Vienna Energy Forum 2018 in May in Vienna brings together a multitude of people and institutions to discuss and solve the key questions of the present on the topic of energy. Among them are heads of state, ministers, energy experts, representatives of international and non-governmental organizations, academia, civil society and the private sector. The PFAN Climate and Clean Energy Investment Forum and the R20 Austria World Summit are also part of this huge event. This event, sponsored by Arnold Schwarzenegger, is a high-level summit about leadership on implementing the Paris Climate Agreement and the United Nations Sustainable Development Goals.
April 19, 2018
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Andritz Receives 90 Million Euros Order for Power Plant Renewal in Canada
The listed technology group Andritz has landed a major order for the renovation of a hydroelectric power station in Canada. "The order value is over 90 million euros," said Andritz by press release. The Styrian company will therefore renew six of the eight turbine units of a power plant in the province of Saskatchewan for the Canadian electricity supplier SaskPower.
October 31, 2017
OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"
Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.
July 12, 2016
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US Company Contour Moves European Headquarters from Paris to Vienna
The Vienna-based European headquarters will be the strategic centre for all thermal and renewable energy facilities in Austria, Italy, Czech Republic, Romania, Poland, Slovakia, Bulgaria, Armenia, Spain, Northern Ireland and Ukraine.
December 11, 2015
Strabag Builds EUR 37 Million Power Plant in Switzerland
Strabag AG is building the Rhone Oberwald run-of-the-river hydroelectric plant in the Swiss canton of Valais. The contract value of € 37 million comprises the construction of the necessary tunnels, galleries and underground chambers.
June 5, 2015
Verbund Raises Earnings Forecast and Dividend for 2014
Verbund AG announced today that the earnings forecast for financial year 2014 is being raised. Verbund expects EBITDA of around €800m (previous forecast: €770m) and a Group result of around €125m (previous forecast: €85m) in financial year 2014. The planned dividend continues to be based on a payout ratio of approximately 50% of the adjusted group result which in 2014 will be around €210m (previous forecast: €190m).
January 22, 2015
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Verbund Withdraws from Bulgaria
Verbund withdraws from Bulgaria by selling its 16 MW wind farm on the Bulgarian Black Sea coast to Inwind Sp Ltd, a project company of Bulgarian Inovent Holding AD. The transaction is scheduled to close by the end of 2014. Both companies agreed on not disclosing any financial details of the transaction.
October 30, 2014
Fischer: Room for Further Trade with Albania
Austrian President Heinz Fischer was paying a visit to Western Balkan States.
May 22, 2014
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Austrian Prinzhorn Holding to Invest Massively in Hungary
Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014
Czech Republic: CEZ Losing With RWE Contract?
A gas contract with German RWE is causing the Czech energy group losses in the billions.
May 12, 2014
Czech Republic: Rosatom to Complete Temelin?
Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.
May 12, 2014
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CEZ Bulgaria in “Full Compliance with the Law”
CEZ, along with other foreign utilities in Bulgaria, does not regard itself being obliged to pay a certain amount to state-controlled utility NEK.
May 9, 2014
Verbund: Trying to Get Rid of Sorgenia
The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.
May 8, 2014
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Austria: “Council of the Wise“ for Hypo Group
Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.
February 25, 2014
Czech Republic: New Government Confirmed
Seven weeks after the national elections, the Czech Social Democrats (CSSD) have agreed to form a coalition with ANO and the Christian Democrats (KDU-CSL).
December 11, 2013
Poland Leads Ranking of Top Enterprises in CEE
Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.
September 24, 2013
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Poland: Warsaw Stock Exchange to Introduce WIG30
The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
September 23, 2013
Electricy Thieves Caused Losses for EVN in Bulgaria.
Austrian energy provider EVN lost € 800,000 because of electricity thieves.
August 27, 2013
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Slovenia: Decrease of Net Electricity
In the seven months of 2013, Slovenia's total consumption of electricity decreased for less than 1% over the same period one year ago.
August 27, 2013
Czech Republic: New Elections Expected At the End of October
Prime Minister Petr Necas’ resignation leads to new elections soon. The Social Democrats, who want to introduce the Euro, are potential winners.
August 16, 2013
EVN: Transfer of Shares
EVN carries out and terminates release of own shares to employees.
August 8, 2013
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Austria: Verbund to Take Austerity Measures
Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.
August 1, 2013
Austria: Operative Losses for Verbund
Quarters 1–2/2013: Verbund improves EBITDA and Group result considerably. In total, the water supply, asset swap and impairments have a favourable impact on results.
July 31, 2013
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EVN Forced to Lower Electriciy Prices in Bulgaria
Austrian energy provider EVN is ordered by the regulator to drop electricity prices.
July 30, 2013
Czech Republic: US Export-Import Bank Offers Loan for Temelin
The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.
July 30, 2013
Bulgaria to Lower Electricity Prices by August
Bulgaria will lower the price of electricity on August 1st
July 30, 2013
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Czech Republic: CEZ to Postpone Completion of Temelin
Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.
July 25, 2013
Turkey: Erdogan Demands Peaceful End Of Protests
After his return from Northern Africa, Turkish Prime Minister Recep Tayyip Erdogan has demanded an immediate stop of protests in his country. Many Russian investors are supposed to have drawn their assets from Turkey.
June 8, 2013
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Czech Republic: New Rounds of Negotiations for Temelin Tender
Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.
April 24, 2013
S&P: Austrian Energy Suppliers more Robust than Competitors
Southern European providers are especially affected by the current debt crisis. Austrian companies “seem to be immune”, the rating agency says.
November 3, 2011
Full Order Books For VTA
The Austrian water technology company expects a substantial rise in sales for 2012. Recently an order from Indonesia has been recorded.
October 30, 2011
Unequal Distribution of Wealth in Austria
The richest 10% of Austria´s population possess 54% of the monetary wealth. Regarding real estate, inequality is observed too.
October 30, 2011
More Dividends For Agrana´s Shareholders
The Austrian fruit and starch company Agrana announces a dividend increase for the business year 2011/12.
October 22, 2011
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Palfinger Aims for Growth in China
The Austrian crane manufacturer, which has recently published a capital increase, will use these funds for further investments in China.
October 15, 2011
NKE Expands in Spite of Stagnation
The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.
October 10, 2011
Energieallianz Austria Continues Expansion
The Austrian energy trading company opened its third office in Germany, where supply volumes have increased more than tenfold since 2007.
October 6, 2011
Austria and Azerbaijan Expand Cooperation
An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.
September 20, 2011
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