RSS
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
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
Fast News Search
This category only
