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IPIC Intends Further Increase in OMV
The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.
March 8, 2012
Foreign Direct Investment in Austria Increasing
In 2011, a moderate decline in new enterprise settlements was registered. Investments grew by 34%.
March 8, 2012
EBA Does Not Accept Participation Capital as Equity
Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.
March 8, 2012
„Going to America 2012“: AWO Supports Austrian Business in USA
Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.
March 8, 2012
Austria and Bulgaria Clear Way for Business-Friendly Climate
Business representatives from Austria and Bulgaria agreed upon a business-friendly climate and clear rules at a Sofia forum,
March 8, 2012
Henkel CEE Achieves Stable Results
The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.
March 8, 2012
Kommunalkredit Bring € 455m to Greek Swap
Kommunalkredit AG and KA Finanz AG, two nationalized Austrian banks, said they will join Greece’s debt swap with a total of € 455m ($600 million) to avoid triggering default swaps.
March 8, 2012
Binder + Co Shows Strong Growth
The Austrian environmental technology company Binder+Co grows further in 2011: Sales revenues up by 29%, EBIT by 18%, order intake increased by 25%.
March 8, 2012
SBO: Massive Rise in Profits
The Austrian Schoeller-Bleckmann Oilfield Equipment notes a substantial improvement in results of 2011. Profits increased by 95%.
March 8, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-07)
Daily News Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
March 7, 2012 · Updated: March 7, 2012; 19:41
Pecik Unwanted at AMAG
A major shareholding in Austrian AMAG will be sold. Ronny Pecik, who is said to be interested, is not welcome.
March 7, 2012
Bank Insolvency Act to be Finished by Summer 2012
According to the government´s plans, the Austrian financial market authority (FMA) should obtain more competences.
March 7, 2012
RHI Has Growth Plans
The Austrian producer of fireproof ceramics puts effort into growth. Major investments and acquisitions are planned.
March 7, 2012
Bank Taxes: Nowotny Supports Government
OeNB´s governor Ewald Nowotny defends the coalition plans to raise bank taxes by 25%.
March 7, 2012
Hammerer Aims For Growth in Italy
The Austrian aluminum company wants to acquire a site of the U.S. Alcoa in Italy.
March 7, 2012
Tax Treaty: Conflict with EU
The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.
March 7, 2012
Fitch Confirms Rating for VBAG
The U.S. rating agency retains the A rating for the fourth largest Austrian bank.
March 7, 2012
ATX: Upgrade of Immofinanz
The Austrian real estate company was included into the ATX top five. CEO Eduard Zehetner: 'This should have a positive effect on the share development'.
March 7, 2012
Wholesale Prices Slightly Up
Wholesale price index in February 2012: +1.5% against February 2011. Austrian service enterprises achieved an increase of turnover by 3.5% for 2011.
March 7, 2012
Getzner Werkstoffe: on to South America Following Success in Asia
The Austrian company produces materials for vibration isolation and plans to expand into South America.
March 7, 2012
EVN to Delist Bulgaria Units
Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange.
March 7, 2012
Sanochemia Announced Scanlux Market Entry in Columbia
The Austrian pharmaceutical company announced the market entry of Scanlux in Columbia. Further approvals are targeted in Costa Rica, El Salvador, Venezuela and Paraguay.
March 7, 2012
Rewe is Said to Constrain Investigations
The Austrian Federal Competition Authority (BWB) suspects Rewe Austria to have made price arrangements. Rewe should have constrained BWB´s investigations.
March 6, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-06)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 6, 2012 · Updated: March 6, 2012; 18:39
Public Debt Agency: “Unnecessary to Change Bonds Issuance Plans”
Austria sees no need to change its debt issuance program and is sticking to its plan to stay below the European Union’s deficit ceiling this year even as it injects cash into Oesterreichische Volksbanken AG (VBPS) and KA Finanz.
March 6, 2012
Banks May Face Strikes
The trade union of bank employees calls for a 4.9% salary increase. Employers reject this claim.
March 6, 2012
Taxation of Pension Funds: One-Time Effect of € 900m
In order to restructure the financially stricken VBAG, the Austrian government anticipates taxes on pension funds. As a result, € 75m will lack in future.
March 6, 2012
Uniqa: Changes in Supervisory Board
RZB´s supervisory board chairman Christan Konrad will leave Uniqa. RZB´s CeO Walter Rothensteiner succeeds Konrad.
March 6, 2012
Doppelmayr Hopes for China
The Austrian cable railway producer faces a small and stagnating market in the U.S. South America and China are seen as growth markets.
March 6, 2012
Fekter: "Eurogroup Chief Must Be Head of Government"
Austria’s Finance Minister Maria Fekter said the next leader of the group of euro-area finance ministers has to be a head of his or her government in order to have the necessary authority.
March 6, 2012
Intercell Does Not Leave the Loss zone
The Austrian pharmaceutical company announces preliminary full year 2011 financial results. Losses totaled € 29m.
March 6, 2012
Moody's Changes Outlook on Verbund's Rating to Negative
The U.S. rating agency Moody's Investors Service has today changed to negative from stable the outlook on the A2 senior unsecured rating of the Austrian energy company Verbund .
March 6, 2012
Zumtobel Recorded Losses in Third Quarter
Austrian Zumtobel Group recorded a 6.1% increase in revenues to € 964.2m in the first nine months of 2011/12. EBIT decreased substantially.
March 6, 2012
Erste Group Has € 150m Gain Through Hybrid Buyback
Erste Group Bank AG, Eastern Europe’s second-biggest lender, said it has agreed to buy back € 828.3m ($ 1.1bn) of hybrid securities to boost net income and capital.
March 6, 2012
Kapsch TrafficCom IVHS to Open New North American Head Office
Kapsch TrafficCom IVHS Inc., a subsidiary of Austrian Kapsch TrafficCom AG, announced the opening of the new corporate head office in Tysons Corner, Virginia.
March 6, 2012
RHI Exceeds Expectations
The Austrian producer of fire-proof ceramics could raise revenues by 15.5%. EBIT was up by 19.8%.
March 6, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-05)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 5, 2012 · Updated: March 5, 2012; 18:06
Isovoltaic Said to Start Stake Sale After Failed IPO
Isovoltaic AG, an Austrian solar developer, started the sale of a 45 percent stake as it seeks an alternative to last year’s failed initial public offering, according to a person with knowledge of the process.
March 5, 2012
Uniqa Aims for Growth in CESEE Region
The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.
March 5, 2012
OMV Gives In: No Fracking in Austria
The Austrian oil and gas company OMV reacts to the citizen´s protests and gives up its natural gas exploration plans in Northern Austria.
March 5, 2012
Again Criticism on Austerity Package: „Lack in Sustainability“
The President of the Viennese Federation of Austrian Industries (IV), Georg Kapsch, misses details of the austerity package. The package is not ambitious enough, Kapsch considers.
March 5, 2012
EU ‘Surprised’ Austria Didn’t Warn on VBAG, Almunia Says
The European Commission was “surprised” Austria didn’t warn it about plans to bail out Oesterreichische Volksbanken AG (VBPS), according to Joaquin Almunia, the region’s commissioner responsible for approving state aid.
March 5, 2012
AUA: Negotiations Go On
Austrian Airlines does not face strikes. Not only AUA´s management is under pressure. Workers fear a new foundation of AUA or a re-sale.
March 5, 2012
Beyrer Aims For Strategic Investor at Telekom Austria
The head of the state holding ÖIAG and Telekom Austria´s supervisory board believes that Ronny Pecik will not remain as shareholder. A strategic partner is desired.
March 5, 2012
Eder: „Environmental Policy Endangers Economy“
Voestalpine´s CEO criticizes environmental specifications made by EU and domestic politics. Eder sees the danger of a de-industrialization.
March 5, 2012
Viennese Office Market: Collapse Threatens
Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.
March 5, 2012
New Riyadh Sewage Plant With Austrian Technology
Saudi Arabia's Minister signs contract over 80 Mio $ sewage purification plant. ILF participates in the awarded consortium.
March 5, 2012
Voestalpine Awarded Major Contract in the UK
Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.
March 5, 2012
Razzia at Rewe Austria Continues
Investigators announced to have found substantial evidence at Rewe Austria, which is suspected of having made price agreements.
March 3, 2012
Vienna Stock Exchange: Winners and Losers (2012-03-03)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
March 3, 2012
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