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Austrian Railways: Resistance Against Management Arising
The works council as Austrian Railways (ÖBB) wants to prevent the planned reduction in staff. Before that, outsourced service must be reduced, the council states.
January 28, 2012
Good Export Chances in SEE Region
The Austrian Chamber of Commerce regards South-Eastern Europe as growth region. Importance for the Austrian export industry is seen to increase.
January 28, 2012
VKB Records Rise in Results
The regional bank VKB´s operating result improved by 9.0%.
January 28, 2012
Romanian President Appreciates Erste Group´s Decision
Traian Basescu, President of Romania, is pleased with Erste Group´s announcement to continue its business in Romania.
January 28, 2012
Stepic: „Reaching AAA Again Is Possible“
RBI´s CEO Herbert Stepic thinks that due to the strength of Austria´s real economy, re-gaining the triple A is possible within the next years.
January 28, 2012
Increase in IPIC´s Shareholding at OMV Approved?
Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.
January 27, 2012
Austerity: Leitl and Sorger Call for More Effort
The Presidents of the Federation of Austrian Industries (IV) and the Chamber of Commerce (WKÖ) aim for re-gaining the “AAA” for Austria. The government should cut expenses instead of rising taxes.
January 27, 2012
AUA: Resistance Forms Up
Austerity plans by Austrian Airline´s new management faces massive resistance. The dispute with employees threatens to escalate.
January 27, 2012
Austrian Trust in Euro Decreases
Austrians became more skeptical to the common currency. Analysts see a “crisis of confidence”.
January 27, 2012
New Management Board at BCR
The Supervisory Board of Erste Group´s loss-making subsidiary, Banca Comerciala Romana (BCR), took several decisions regarding the structure of BCR’s Management Board (Executive Committee).
January 27, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-27)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 27, 2012 · Updated: January 27, 2012; 18:08
After Downgrade of Vienna: No Consequences Expected
The Viennese financial senator Renate Brauner does not fear negative impacts on Vienna´s finance. This week, the city was downgraded by S&P.
January 27, 2012
Budget Deficit Lower Than Forecasted
The Austrian budget deficit in 2011 reached 3.3%. Initially, the figure was expected to amount to 3.9%.
January 27, 2012
EVN Acquires Wind Park
The Austrian energy supplier expands its green power portfolio.
January 27, 2012
voestalpine Concluded Largest Single Contract to Date
The Automotive Division of the voestalpine Group has concluded its largest single contract to date, with a leading European car manufacturer. The order volume amounts to around € 700m.
January 27, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
H&M Registers Sales Decrease in Austria
The Swedish clothing chain records a decrease in sales in Austria.
January 26, 2012
Sberbank: € 500m for Austrian VBI
The Russian Sberbank officially bids € 500m for VBI, the subsidiary of Austrian VBAG.
January 26, 2012
RBI´s CEO Expects € 60m Losses in Hungary
Herbert Stepic, CEO of Austrian Raiffeisen Bank International, emphasizes to stay in Hungary. The foreign currency debt conversion causes severe losses.
January 26, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-26)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 26, 2012 · Updated: January 26, 2012; 18:17
Austrian Economy: Slowdown, But No Recession
The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.
January 26, 2012
S&P Downgrades Austrian Provinces
The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.
January 26, 2012
New Record in Austrian Tourism
Tourism in 2011: Almost 126 million overnights (+0.8%); all-time-high in number of arrivals.
January 26, 2012
Slightly Positive Results at Sanochemia
The Austrian pharmaceutical company raised revenues by 26%. Profits amount to € 0.7m.
January 26, 2012
Opel Records Rise in Production
Opel Austria, a subsidiary of the U.S. group General Motors, could raise production by 11% in 2011.
January 25, 2012
Austria Increasingly Popular for Arab Tourists
In 2011, Austria registered 580,600 guest nights by Arab tourists. Hence, Austria exceeded Switzerland as touristic destination.
January 25, 2012
KTM to Enter India
Together with its Indian partner, the Austrian motor-bike producer KTM aims for entering India.
January 25, 2012
Telekom: Losses of € 200m Expected
For 2011, Erste Group´s analyst Maria Veronika Sutedja expects high losses for Telekom Austria.
January 25, 2012
S&P Keeps Rating for Erste Group and RZB
After the downgrade of Austrian sovereign bonds two weeks ago, the U.S. rating agency remains its ratings for the two largest domestic banks.
January 25, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-25)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 25, 2012 · Updated: January 25, 2012; 17:05
Treichl: „S&P Errs Sometimes“
Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.
January 25, 2012
Erste Group: “Debt Crisis Continues”
According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.
January 25, 2012
Agrana Completes Campaigns
The Austrian sugar and starch company successfully completes the 2011|12 sugar beet and potato starch campaigns – its longest ever.
January 25, 2012
Telekom Austria Expects Significantly Lower Profits
Application of hyperinflation accounting leads to an increase in equity of more than € 400m and an impairment of approximately € 300m in 2011.
January 24, 2012
Scharinger: „Rating Agencies Are Instruments of Torture“
The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.
January 24, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-24)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 24, 2012 · Updated: January 24, 2012; 17:18
Capital Shortfall at Austrian Banks Could Decrease
Possibly Erste Group and Raiffeisen can lower their capital shortfall. The Austrian Financial Market Authority (FMA) is currently talking to EBA.
January 24, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
New Records for Viennese Tourism
In 2011, the Austrian capital registered 11.4 million guest nights, which is a new record.
January 24, 2012
AT&S: Profits Decreasing in Spite of Higher Sales
Mobile Devices’ sales for the third quarter reached a new record high of about € 83m. Revenues for the first three quarters of the year amounted to € 372m.
January 24, 2012
VIG Raises Dividends Due to Excellent Results
Premium income went up by 3.4 percent to € 9bn, profit increased by about 10 percent to nearly € 560m.
January 24, 2012
Strache Claims Cut in Subsidies
The chairman of the Austrian opposition party FPÖ criticized the government fiercely for its fiscal policy.
January 23, 2012
Asamer Returns to Libya
The Austrian manufacturer of building material aims for catching up the lost year 2011 in Libya.
January 23, 2012
Leitl: „Croatians are Most Welcome“
The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.
January 23, 2012
Schlecker Insolvency: 3,000 Jobs Endangered
The German chemist chain today filed for insolvency. In Austria, Schlecker employs 3,000 workers.
January 23, 2012
Bewag Completes Turnaround
After losses in 2010, the Austrian energy supplier could achieve positive results last year.
January 23, 2012
Moderate Growth at Darbo
The Austrian jam producer Darbo could continue ist growth course in 2011. Sales were up by 2.5%.
January 23, 2012
Low Growth Rates Expected after 2012
In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.
January 23, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-23)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 23, 2012
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