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

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

HEAD NV Announces Higher Sales

The Dutch/Austrian global manufacturer and marketer of sports equipment, announced the preliminary results today.

February 25, 2011

bwin: Possible Separation of the Swedish Subsidiary

Following the merger between the Austrian bwin and the British PartyGaming, bwin could be parted from the Swedish Ongame.

February 8, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

EnBW Intends to Expand Engagement in Austria

The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".

January 21, 2011

Imtech Austria has Expansion Plans

The subsidiary of the Dutch Imtech Corporation, located in Linz, wishes to get into Eastern Europe and achieve stronger growth.

January 12, 2011

Success For Siemens Austria in Norway

The Austrian Subsidiary of the German technology group received orders of 32 ecological threepart subway-trains for the Norwegian capital Oslo.

December 22, 2010

JCL Logistics and Rail Cargo Austria Step into Strategic Alliance

Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.

December 15, 2010

Mayr-Melnhof: Bankruptcy in Switzerland

The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.

December 8, 2010

Austrian Resistance Against Euro Bonds

Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.

December 8, 2010

Mitterlehner: To Expand Further Good Trade Relations with Switzerland…

The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".

December 2, 2010

Joint Venture Between Swiss and Austrian Post

The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.

December 1, 2010

Leitl: Finland and Austria Have Much to Learn From Each Other

Finnish ex-Prime Minister Lipponen exposes economic success secrets of his country.

November 29, 2010

Roche Lays Off 400 Jobs in Styria

The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.

November 18, 2010

Switzerland: Pecik and Stumpf Ransom Themselves

While the two investors paid a fine for the case Sulzer, the case Oerlikon is still not finished.

October 21, 2010

Austrian Airlines Loses Swiss Destination

As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport

October 19, 2010

Austrian Post Cooperates with Swiss Post

The two companies plan a joint venture to bundle international activities in the field of addressed advertising mail.

October 15, 2010

Oerlikon: Acquittal for Stumpf, Vekselberg, Pecik

In the case of Oerlikon, the Swiss Federal Criminal Court acquitted investors Viktor Vekselberg, Georg Stumpf and Ronny Pecik from the charge of violating the Exchange Act in the case of OC Oerlikon.

September 24, 2010

A-Tec's Subsidiary AE & E: CFO Brandt Moves to Sulzer

AE & E’s CFO, Juergen Brandt, will be CFO of the Swiss industrial group Sulzer. Jürgen Boggild moves to the Board.

September 20, 2010

Swiss Post International is Not Interested in the Austrian Mail Business

According to its Austrian CEO, Georg Weidinger, the state-run Swiss Post is not one of the future competitors of the Post AG in the mail business,

September 20, 2010

Volksbank Vorarlberg: High Losses in Switzerland

Commitment to financial advisor JML did not go as desired: losses up to 3.9 million euro

September 15, 2010

Styrian factory of Triumph again to introduce short-time work

The Styrian factory of Swiss lingerie maker Triumph International in Hartberg (Styria) is again to introduce short-time work for its 290 employees, as the head of the local AMS office confirmed.

September 2, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Fight against early retirement - Companies should pay

The Wifo suggests that firms should pay if their employees are sick and are sent into early retirement.

July 8, 2010

Strabag keeps Implenia in suspense

Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.

June 25, 2010