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Austria and Western European countries - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
Western European Expats in Vienna, Austria | Bilateral Relations
Illegal Income from Switzerland Should Support Government´s Plans
The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.
February 13, 2012
Austrian Government Presents € 27bn Austerity Package
The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.
February 11, 2012
A-Tec´s Quota to Reach 30%
In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.
February 10, 2012
Schlumberger Records Rise in Earnings
In spite of difficult market conditions, the Austrian sparkling wine producer holds on its ambitious growth targets. Exports should be reinforced.
February 10, 2012
Sale of Brixlegg Concluded
The former copper-division of the insolvent Austrian A-Tec Group has been sold to the Swiss Umcor AG.
February 10, 2012
Merger of Glencore and Xstrata: voestalpine Not Concerned
The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.
February 8, 2012
Keuschnigg to Succeed Felderer
Christian Keuschnigg will succeed Bernhard Felderer as director of the Austrian Institute of Advanced Studies (IHS) in June.
February 8, 2012
Innovation Index: Austria Falls Behind
Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.
February 7, 2012
Emirates: Antinori Wants AUA´s Staff to Switch
The head of marketing at Emirates, Thierry Antinori, wants dissatisfied employees at AUA to change to Emirates.
February 6, 2012
Montana Tech Components Acquires Croatian Aluminum Companies
The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.
February 6, 2012
Pecik Aims for Reaching Blocking Minority
The Austrian investor Ronny Pecik intends to re-organize the supervisory board. Nevertheless, operating functions are not targeted.
February 4, 2012
Enso Hydro Looking for Hydro Power Plants in SEE
The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.
February 1, 2012
Pecik Aims For Becoming Chairman of TA´s Supervisory Board
The Austrian investor Ronny Pecik is said to put effort in replacing the current chairman of Telekom Austria´s supervisory board, Markus Beyrer.
January 31, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
H&M Registers Sales Decrease in Austria
The Swedish clothing chain records a decrease in sales in Austria.
January 26, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
New Record in Agricultural Exports
In 2011, Austrian food exports exceeded € 9.0bn for the first time.
January 21, 2012
Austriamicrosystems Reports Strong Rise in Revenues
austriamicrosystems announces its preliminary financial information for full year and fourth quarter 2011.
January 19, 2012
RHI Takes Over Swiss Stopinc AG
The Austrian producer of refractory takes over refractory specialty producer Stopinc AG. RHI thus increase the stake held from 50% to 100%.
January 18, 2012
New Record for Austrian Wine Exports
Although the quantity of wine exports is shrinking steadily, the export volume worth € 126m reached a new record.
December 28, 2011
Tele2 Finalizes Acquisition of Silver Server
The Austrian Internet service provider is taken over for € 12.3m after the competition authority has approved the deal.
December 23, 2011
Pecik Extends Stake in Telekom Austria
The Austrian investor Ronny Pecik is told to become the largest shareholder in Telekom Austria. Up to 29% are possible.
December 20, 2011
Rumors Say Raiffeisen Looking for New Investors
According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.
December 19, 2011
Norwegian Telenor to Enter Telekom Austria
The core shareholder at Telekom Austria, Ronny Pecik, could re-sell its recently acquired stakes. Telenor and the Russian Sistema are interested.
December 17, 2011
Austrian Investor Interested in Croatian Aluminum Company
The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.
December 10, 2011
AUA to Strengthen Presence in Austria
Austrian Airlines, the subsidiary of the German Lufthansa, refocuses on the Austrian home market. Flights to provincial airports should be extended.
December 8, 2011
Only Small Increase in Exports in 2012
After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.
December 6, 2011
Legal Success for Bank Austria
A Swiss court granted the bank’s appeal against an obligation to pay € 245m to a German public body.
December 2, 2011
Vienna Has the Best Living Standard
The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.
November 29, 2011
Strabag Wins New Orders for Environmental Technology Division
The Austrian construction group secured new business worldwide. The total volume is € 110m.
November 29, 2011
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
Siemens Austria Finishes Dutch Gas Power Plant
The contract value for the gas and steam power plant amounts to € 570m. 1.4 million households will be served with electricity.
November 21, 2011
Siemens Austria to Manufacture Trams Worth € 100m
The German technology group will build 40 new generation vehicles in Vienna, with parts coming from the plant in Graz.
November 18, 2011
Strabag Strengthens Brand Presence in Sweden
The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.
November 17, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Head’s Loss Widens Further as Costs Increase
The Dutch Vienna-listed sports equipment manufacturer generated a net loss of € 12.4m in the first nine months of the year.
November 10, 2011
Winter Tourism: Austria is Favorite for Dutch
Dutch people appreciate Austria as winter tourism location. According to a survey, Austria is ranked on number one.
November 5, 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
Austria Ranked 32nd in the “Doing Business 2012” Ranking
Doing Business 2012: Doing Business in a More Transparent World assesses regulations affecting domestic firms in 183 economies.
October 20, 2011
Ikea Austria Reaches Over € 600m in Sales
The Swedish furniture corporation raised its market share in Austria to 13.9%. Sales grew by 1.6% up to € 604.2m.
October 15, 2011
Hostile Takover of Telekom Austria?
According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.
October 3, 2011
Dutch Imtech Acquires Austrian Comnet
The Dutch Imtech (technical services provider in Europe) announces that it acquires the Austrian ICT company Comnet. This acquisition will strengthen Imtech’s position in the Austrian ICT market.
October 3, 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
Strong Order Intake for Head
The Dutch and Vienna-listed sports article manufacturer Head records rising sales. Expectations for 2012/2013 are stable.
September 26, 2011
Andritz to Supply Hydropower Equipment to Norway´s Statkraft
The Austrian Andritz Hydro has received a major order from Çetin Enerji A.S., a subsidiary of Norway's state owned electric utility company Statkraft,
September 21, 2011
SkyWork Launches Services to Vienna
The Swiss Airline now provides flights to the Austrian capital.
September 6, 2011
Austrian paysafecard Group Acquires Dutch Competitor Wallie
The Austrian provider of prepaid payment methods expands its international market leadership. The company now operates in 28 countries.
August 24, 2011
Head’s Net Loss Widens
The Dutch sporting goods manufacturer listed at the Vienna Stock Exchange incurred a loss of almost € 13m in the first half of 2011.
August 11, 2011
Strabag Awarded Three Infrastructure Projects in Sweden and Finland
The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.
August 9, 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
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