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Palfinger Provides Surprisingly High Sales Figures
The Austrian crane manufacturer reports a rise in revenues of 29.7%. EBIT was up by 82.8%.
February 3, 2012
Uniqa Records Losses of € 330m
The Austrian insurance company´s results are massively burdened by Greek bonds. Core business is still 'robust', says Uniqa´s management.
February 3, 2012
Telekom Austria Acquires Discount Brand “Yesss!”
Telekom Austria Group Agrees to Acquire Assets of Orange Austria for a maximum amount of € 390m.
February 3, 2012
Kapsch Wins Contract in Ireland
The Austrian toll system supplier wins Irish Rail GSM-R tender for the implementation of a digital train radio system.
February 2, 2012
Palfinger: Rise in Sales and Profits Expected
Tomorrow, the Austrian crane manufacturer Palfinger presents figures for the financial year 2011. Sales are estimated to grow by 30%, net results should reach € 40m.
February 2, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-02)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 2, 2012 · Updated: February 2, 2012; 18:18
Wind Power in Sahara: New Orders for Siemens Austria
The Austrian subsidiary of the German technology group Siemens achieved its first orders for the construction of wind power plants.
February 2, 2012
Trade Unions: „Schlecker Austria Depends from Germany“
For the Austrian trade unions, talks with Schlecker Austria´s management are “acceptable”. An all-clear would be difficult.
February 2, 2012
No Further Rise in Insolvencies Expected
The bad debt insurers Euler Hermes and Prisma expect business insolvencies to stagnate in 2012.
February 2, 2012
Shortened Natural Gas Supply from Russia
The Austrian oil and gas group OMV reports that Russian natural gas exports only reach 70% of its normal level.
February 2, 2012
Coca Cola Closes Viennese Site
For cost reasons, the U.S. soft drink producer shifts production from Vienna to Burgenland. 80 employees will be laid off.
February 2, 2012
Porr Extends Capital Increase
The Austrian construction group intends to restock its planned capital increase. The minimum volume is € 30m.
February 2, 2012
BDI Receives Major Order from USA
Austrian BioEnergy obtained order for retrofitting a U.S.-based biodiesel plant.
February 2, 2012
Kommunalkredit Downgraded by Moody´s
The U.S. rating agency downgraded Kommunalkredit Austria to Baa3.
February 2, 2012
Lending Conditions of Austrian Banks Worsened
According to the Austrian Central Bank (OeNB), stricter lending conditions at Austrian banks were due to the decline in economic growth and detrimental refunding conditions.
February 2, 2012
RLB Burgenland Records Rise in Profits
The regional bank´s operating profit was up by 9.8% to € 53m. RLB Burgenland´s total assets grew by 5.3% to € 6.3bn.
February 2, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-01)
Daily News-Flash of Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 1, 2012 · Updated: February 1, 2012; 18:28
Enso Hydro Looking for Hydro Power Plants in SEE
The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.
February 1, 2012
OMV: „No Shortage in Natural Gas Supply“
Russian media reported on natural gas supply reductions for Europe. Gazprom denies, OMV refers to large natural gas reserves.
February 1, 2012
Losses in Hungary Keep Within a Limit
The deadline for the conversion of Hungarian foreign currency loans expired. Austrian banks think that their provisions are sufficient.
February 1, 2012
Major Order from Costa Rica for Andritz
The Austrian technology group Andritz was awarded a contract by the Institute of Electricity of Costa Rica.
February 1, 2012
Rise in New Bonds Listings at CEESEG
Boom in new bond listings still going strong, CEE Stock Exchange Group says.
February 1, 2012
Borealis Acquired PEC-Rhin S.A. from GPN
The Austrian producer of synthetic products took over French PEC-Rhin S.A. A price was not announced.
February 1, 2012
RBI Structures Credit Facility for Chinese Company
Austrian Raiffeisen Bank International (RBI) finances delivery of the plant by Andritz-Group for Chinese Ganzhou.
February 1, 2012
Turnaround for Austrian Industry?
According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.
February 1, 2012
Schlecker Austria Will Not Be Sold
The German chemist chain gives the all-clear. The Austrian subsidiary is not affected by the insolvency of the group.
February 1, 2012
Rise in Unemployment at Construction Industry Expected
Due to the worse economic forecasts, the trade union expects more unemployed persons in the construction industry.
February 1, 2012
Hypo Group to Cut Jobs
The Austrian Hypo Group Alpe Adria continues its downsizing program. 800 employees will be laid-off.
February 1, 2012
Support for AUA´s Management
Christoph Leitl, President of Austrian Chamber of Commerce (WKÖ), shows support for the management of Austrian Airlines.
January 31, 2012
Erste Group Reduces Bondholdings
The Austrian major bank is said to plan sale of covered bonds.
January 31, 2012
Central-Upper Austria Overtakes Vienna in GDP per Capita
The urban Upper Austrian region Linz-Wels has the highest GDP per capita in Austria. Vienna ranks second.
January 31, 2012
Austerity: ÖVP Becomes Impatient
Negotiations between the coalition partners SPÖ and ÖVP are going on. ÖVP´s chairman Spindelegger locates an “incredibly big need of consolidation”.
January 31, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-31)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 31, 2012 · Updated: January 31, 2012; 18:52
Austrian Economy to Stagnate Until Summer
The Federation of Austrian Industries (IV) does not see signs for another recession. In summer, industrialists are optimistic that economic growth accelerates.
January 31, 2012
Uncertain Future of Schlecker Austria
After the insolvency of the German chemist chain, experts consider that the Austrian subsidiary could be sold.
January 31, 2012
Austria Still With Lowest Unemployment Rate in EU
Euro area unemployment rate stands at 10.4%. Austria has second-lowest youth unemployment rate.
January 31, 2012
Pecik Aims For Becoming Chairman of TA´s Supervisory Board
The Austrian investor Ronny Pecik is said to put effort in replacing the current chairman of Telekom Austria´s supervisory board, Markus Beyrer.
January 31, 2012
Austrians Reduce Savings
At present, Austrians are planning to save € 5,460 (-4.5%). Around 10% of the population plans to finance their purchases by taking out loans and will borrow an average of € 68,800 (-16%).
January 31, 2012
FPÖ Wants Cuts in Spendings
The biggest Austrian opposition party suggests reducing public expenditures in order to reduce the budget deficit. Chairman Strache calls for a “subsidy brake”.
January 30, 2012
Felderer Attacks Austrian Government
The head of the Austrian Institute of Advanced Studies fiercely criticizes Austrian politicians. Felderer claims to put effort in the restructuring of public finance.
January 30, 2012
New Management Board Member at RBI
Raiffeisen Bank International: Klemens Breuer starts in mid-April. Patrick Butler chooses to resign his mandate.
January 30, 2012
New Tax Burden for Telekom Austria
Telekom Austria has to pay tax on mobile network services in Croatia.
January 30, 2012
3E Group Grows in Eastern Europe
The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.
January 30, 2012
Strong Growth in Industrial Sector
Positive production trends in Austrian industry and construction sector in October 2011. Turnover was up by 9.3%.
January 30, 2012
Temporary Work on the Rise
2.3% of the Austrian workforce are temporary workers. With 75,000 persons, this is a new record.
January 30, 2012
Slow Growth in Construction Industry
Output of the Austrian construction industry rose by 1.8% in 2011. Increase in volume of orders by 11.9% in civil engineering and construction of buildings at the end of October 2011.
January 30, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-30)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 30, 2012
Hypo Group´s Result „Close to Zero“
CEO Gottwald Kranebitter announced that Hypo Group Alpe Adria could reduce its losses significantly in 2011.
January 30, 2012
Do & Co Takes Over Catering at ÖBB
After the successful application, the Austrian catering company Do & Co will serve passengers at ÖBB in future. Do & Co. ÖBB expects to reduce costs.
January 28, 2012
Al Jaber Owns Kneissl Again
The insolvent ski manufacturer Kneissl will be owned by the Arab investor Al Jaber again. Creditors approved to a 20% quota.
January 28, 2012
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