Sponsored Content
Latest News
Beko Shows Good Performance
The Austrian IT company could increase sales by 6.2% to € 13.8m. Operating profits were stable.
February 21, 2012
Wienerberger Returns to Profit Zone
The Austrian brick producer reported group revenues of € 2,023.7m (+16% vs. 2010). EBITDA was up by 23%. Forecasts for 2012 are “difficult”, says Wienerberger´s management.
February 21, 2012
Erste Group Acts as Bookrunner for Miba
The majority of € 75m bond was placed with retail investors in Austria. The offering was 3.5 times over-subscribed.
February 21, 2012
Market for Solar Power Shrinks
The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.
February 20, 2012
Company Pension Schemes Show Negative Performance
In 2011, Austrian company pension funds showed losses of 3.3%.
February 20, 2012
Erste Group: Profitable Hybrid Buyback
Erste Group expected to book pre-tax gain of up to € 300m on hybrid buyback.
February 20, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-20)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 20, 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
Boom in Viennese Tourism
In January 2012, the Austrian capital registered an increase of 11.5% in tourists. 675,000 guest nights were recorded.
February 20, 2012
Stepic Criticizes Rating Agencies Sharply
For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.
February 20, 2012
Prague Stock Exchange and CCP.A to Cooperate
Prague Stock Exchange (PSE) and Austrian clearing house Central Counterparty Austria (CCP.A) signed a Memorandum of Understanding on the cooperation in cash markets.
February 20, 2012
Sberbank Upgrades VBI´s Headquarter in Vienna
After the acquisition of the Austrian VBI, the Russian bank wants to expand massively in Europe.
February 20, 2012
Strong Rise in Profits for Pankl
The Austrian producer of automotive and aeronautic components expects further revenues growth and EBIT improvement in 2012.
February 20, 2012
Telekom Austria Faces Severe Image Difficulties
Many details over bribery payments from Telekom Austria to politically exposed persons were revealed. Now, the company sues its former executives.
February 18, 2012
AUA Attempts to Prevent FlyNiki to Approach Tel Aviv
Austrian Airlines files a complaint against FlyNiki at the Austrian
February 18, 2012
Voestalpine Amends Expansion Plans
The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.
February 18, 2012
German Justice Puts Pressure on Former Hypo Group Executives
In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.
February 18, 2012
„Bank Austria´s Brand Will Remain“
Last year, it was said that Bank Austria´s brand will be abandoned. According to Helmut Bernkopf, board member at UniCredit, Bank Austria´s private banking business will be strengthened.
February 18, 2012
Strabag Awarded for Major Order in Italy
The Austrian construction group will build a highway near Milan, Italy. The order volume totals € 1.7bn.
February 18, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-18)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 18, 2012
RHI Invests in Carinthia
The manufacturer of refractory products upgrades its factory in Radenthein, Carinthia for € 2.3m. The capacity at the local subsidiary grows to 80,000 tons per year.
February 18, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
AUA: Atmosphere on the Brink
Austrian Airlines is endangered to face persisting disputes. The conflict between the management and the works council sharpened further.
February 17, 2012
Retirement Plan: „Austria is Negative Example“
The Federation of Austrian Industries (IV) argues that Austria would be a negative example for the sustainability of the retirement plan. Early retirements should be limited, IV claims.
February 17, 2012
Massive Losses Expected for Telekom Austria
Loss expectations range from € 194.9m to € 238m. Sales are anticipated to decline by 4.4%.
February 17, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-15)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 17, 2012 · Updated: February 17, 2012; 18:39
VBAG´s CEO: „Bank Aid Only Last Exit“
Gerald Wenzel, chairman of VBAG´s executive board, continues the downsizing strategy. A new bank aid would be the “ultima ratio”.
February 17, 2012
Austrian Outlet Center Market is Saturated
The Eastern European factory outlet center market still has growth potential. Up to 100 new outlet centers are possible.
February 17, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
Cernko Against „Talking Down Austrian Banks“
Bank Austria´s CEO is strictly against an undifferentiated view on CEE-countries. Austrian banks with an exposure in the CEE region shall not be talked down.
February 17, 2012
Moody's Considers to Downgrade Wienerberger
The U.S. rating agency placed all ratings of Wienerberger under review for possible downgrade.
February 17, 2012
Erste Group to Strenghten its Capital Structure
The Austrian banking group offers to buy back Tier1 and Tier2 securities .
February 17, 2012
Telekom Austria: No Expansion in Bulgaria
The Austrian telecommunication group is no longer interested in Vivacom. Problems with competition authorities would have occurred.
February 17, 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
Siegfried Wolf Enters Sberbank
The Austrian national and executive at Magna in Russia becomes President of VBI´s supervisory board.
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
Vienna Stock Exchange: Winners and Losers (2012-02-16)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 16, 2012 · Updated: February 16, 2012; 19:07
Air France to Enlarge Operations in Austria
The loss-making airline is under enormous growth pressure and reorganizes itself. Austria is seen as growth market.
February 16, 2012
Cernko: „Triple A Only in the Medium Term“
Bank Austria´s CEO Willibald Cernko does not think that Austria re-gains its “AAA” status within the next three years.
February 16, 2012
Vienna Stock Exchange Cooperates With Eurex
With Eurex derivatives exchange, Vienna Stock Exchange wins a new customer.
February 16, 2012
Agrana Expands in Russia
The Austrian fruit and starch company invests € 27m in a factory site in Russia.
February 16, 2012
CA Immo: PwC Leased Additional Space in Frankfurt's Tower 185
Space leased of Frankfurt´s tower 185 increased to 75%. The consulting company leased another 2,800m2.
February 16, 2012
Brain Force Records Losses Again
In spite of rising sales, the Austrian IT company registers slight losses. Brain Force justifies itself with the price pressure and sales activities.
February 16, 2012
KTM With Satisfying Results
The Austrian motorcycle manufacturer could increase turnover by 13.4%. EBIT was up by 7.6%, net profits rose by 30.2%.
February 16, 2012
Wienerberger Takes Over Pipelife
Wienerberger is acquiring the remaining 50% stake in Pipelife for € 162m. Sales will increase by € 800m.
February 15, 2012
Conflict Between AUA´s Management and Staff Escalates
2,300 employees of Austrian Airlines are endangered to be forced to switch to another collective agreement. AUA hopes to reach an agreement.
February 15, 2012
Leitl Pushes for Reforms
The President of the Austrian Chamber of Commerce appreciates that actions worsening the Austrian business location conditions were prevented.
February 15, 2012
VBI Sale to Sberbank Finalized
With the sale of the CEE segment of the Austrian VBAG, Russian Sberbank enters Eastern Europe.
February 15, 2012
Youth Employment: Danger from Austerity Package
The government aims for increasing the retirement age in order to cut pension costs. Now, the director of the Austrian labor market agency (AMS) warns of a rise in youth unemployment.
February 15, 2012
Vienna Airport to Cut Personnel Costs
The Vienna International Airport aims for reducing personnel costs at the new terminal “Skylink”.
February 15, 2012
Fast News Search
