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Western European Expats in Vienna, Austria | Bilateral Relations

Siemens Austria Has Growth Targets

The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.

February 24, 2012

Head Reported Lower Sales and Earnings

The Dutch Ski producer, which has its production facilities in Austria, registered a decrease in sales of 1.3%. Higher amortizations caused a reduction in profits.

February 23, 2012

Austria Will Not Get „AAA“ Back in Near Future

The economist at the German Deka bank, Ulrich Kater, does not think that Austria will be upgraded within the next years.

February 22, 2012

Nabucco Still Competes For Gas in Azerbaijan

The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.

February 21, 2012

Fekter: „Austerity Package is Structural Reform Package“

In spite of criticism by economists, for the Austrian Minister of Finance, the austerity package is a “big success”.

February 20, 2012

Doppler Mineral Oil Announces Record in Sales

The largest independent mineral oil trader in Austria recorded sales of € 886.9m (+19%).

February 16, 2012

Slight Sales Increase at Internorm

The Austrian window manufacturer recorded sales of € 311m in 2011, which is a rise of 2.0% against 2010. Exports to Germany grew disproportionately high.

February 16, 2012

Substantial Growth for ING DiBa

The Dutch Bank Group achieved a 12% growth in customers in Austria. Deposits were up by 9.5%.

February 13, 2012

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
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