Austria and Western European countries - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
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Western European Expats in Vienna, Austria | Bilateral Relations

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

Warimpex Sells Hotel in Warsaw

The Austrian real estate company sells the Sobieski Hotel in Warsaw, together with an adjacent 6,000 square meter office building to Wenaasgruppen, headquartered in Norway.

July 28, 2011

Massive Increase in Municipalities’ Foreign Currency Debt

The amount of foreign currency debt has doubled since 2009 and surpassed € 2bn in February 2011. Swiss franc denominated loans accounted for almost 100%.

July 25, 2011

austriamicrosystems to Be Included in SIX Swiss Exchange’s SPI Middle Index Basket

Inclusion of the Austrian microelectronics and semiconductor manufacturer in the SPI Middle index basket becomes effective September 19, 2011.

July 21, 2011

Gerhard Niesslein Becomes CEO of Orascom Development Holding

The Swiss-based town developer appoints Austrian Gerhard Niesslein as new CEO of the Group. Samih Sawiris remains Executive Chairman focusing on the firm's strategic development.

July 15, 2011

voestalpine Acquires Dutch Company’s Research Department

The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.

June 27, 2011

Building Project for Strabag in Sweden

The Austrian construction company is going to develop over 15,000 m² of residential and retail space. The project has a volume of SEK 600m (€ 67m) and will be completed in 2013.

June 16, 2011

JCL Logistics Acquires Competitor in the Netherlands

The Styrian logistics provider will become market leader in the Benelux countries. The company is active in 25 countries already.

June 9, 2011

Swedish Investor Buys Insolvent JoWood

The Austrian computer game producer will resume business after its acquisition. A payout plan ratio for the creditors has not yet been determined.

June 6, 2011

Swiss Expert Criticizes Austria’s Role in International Money Laundering

OECD expert: “Austria is used as a gateway for international money laundering. It is doing too little to fight the phenomenon.” Only twelve convictions were made in 2009.

May 26, 2011

Wienerberger Acquires EuroCeramic

A subsidiary of the Austrian brick producer plans the takeover of Dutch-German EuroCeramic, a supplier of ceramic pipe systems.

May 25, 2011

Habau Takes Over Dutch Construction Company

The Austrian construction company takes over the globally active pipeline specialist Nacap and increases sales by € 600m to € 1.4bn.

May 13, 2011

RHI: Expansion of European Raw Material Supply through Acquisition

RHI signed a contract to acquire SMA Mineral Magnesia AS (SMA), Norway.

May 12, 2011

Hypo Tirol Continues Restructuring Process

The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.

April 27, 2011

Erste Group Wins Lawsuit in Sweden

In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.

April 21, 2011

Profit Decline at Zürich Austria

The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.

April 8, 2011

Red Bull Mobile now also in Belgium

The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.

April 7, 2011

S&T Reduces Jobs

The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.

April 7, 2011

Andritz: Order from Finland

The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.

March 22, 2011

AMAG: € 170m Special Dividend before IPO

The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.

March 15, 2011

Strabag: Takeover of Swiss Companies

Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.

March 8, 2011

AWD Austria Records Losses

The Swiss/German financial consulter could not manage the turnaround in 2010.

March 5, 2011

Alpine Builds in Norway

Bridge for 108 million Norwegian kroner (€ 14m) leads the way for further expansion of the Austrian building company into Northern Europe.

March 1, 2011

Major order for Siemens Austria

The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.

February 26, 2011