Sponsored Content
Latest News
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
Central Bank Act: Orban Gives In
Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.
January 21, 2012
Turkey Emphasizes Support for Nabucco
Besides the Russian South-Stream project, Turkey also shows support for Nabucco, where Austrian OMV is strongly engaged in.
January 21, 2012
AUA: Staff Threatens With Strike
The German Lufhansa Group plans radical cuts in existing collective agreements. The atmosphere among the workforce is aggressive.
January 21, 2012
VBAG No Systemic Bank Anymore
After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.
January 21, 2012
Takeover of Ljubljana Stock Exchange Completed
The Austrian CEE Stock Exchange Group widens its stake in the Slovenian Ljubljana Stock Exchange to 99.85 %.
January 21, 2012
New Record in Agricultural Exports
In 2011, Austrian food exports exceeded € 9.0bn for the first time.
January 21, 2012
Erste Group to Support Austrian Bonds
Erste Group considers putting effort in distributing Austrian sovereign bonds to its customers. Attractiveness should be increased, Erste Group says.
January 21, 2012
Austerity: Unions Versus Industrialists
The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.
January 21, 2012
Loss of “AAA“: Austrians Blame Politicians
For Austrians, the government did not take the threat of losing the “triple-A” serious enough.
January 20, 2012
RWE Considers Alternative to Nabucco
German RWE shows interest in rival project TANAP and considers getting out of Nabucco.
January 20, 2012
Lenzing Enlarges Capacities
The Austrian fiber company plans investments of € 130m. 110 new jobs will be created. Production starts in 2014.
January 20, 2012
Telekom: Pecik Beyond 20%
The Austrian investor Ronny Pecik exercised existing Telekom Austria call options.
January 20, 2012
AUA´s Staff Protests Against Wage Cuts
The new management of Austrian Airlines faces fierce resistance by the workforce. The new austerity package is heatedly contested.
January 20, 2012
Significant Decrease in Security Holdings
In 2011, the volume of securities held by Austrian household declined substantially, which is due to the fall in share prices.
January 20, 2012
TGW to Expand in China and Brazil
The Austrian storage logistics supplier gained a first contract from China after having established a distribution company. In Brazil, TGW agreed on a joint venture.
January 20, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-20)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 20, 2012
Warta Sale: VIG Unsuccessful
The sale of the Polish insurance group Warta is closed. The German Talanx takes over Warta, Vienna Insurance Group had no chance.
January 20, 2012
Austrian Railways Reduced Losses
The Austrian Railways (ÖBB) is still in the red. Nevertheless, losses were lower than initially expected.
January 19, 2012
Austrian Banks Hold € 18bn in Foreign Sovereign Bonds
At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.
January 19, 2012
Austrian Lending Restrictions Under Observation
The plan of the Austrian FMA and OeNB to restrict lending in CEE countries could be a violation of EU-law.
January 19, 2012
Moody´s Downgrades Telekom Austria
The U.S. rating agency lowered Telekom Austria´s rating from A3 to Baa1, which is due to the weak business development.
January 19, 2012
AT&S Launches Strategic Alliance with U.S. MFLEX
Multi-Fineline Electronix, Inc. and AT&S Austria Technologie & Systemtechnik Aktiengesellschaft, today announced a Strategic Alliance Agreement.
January 19, 2012
Austriamicrosystems Reports Strong Rise in Revenues
austriamicrosystems announces its preliminary financial information for full year and fourth quarter 2011.
January 19, 2012
Vienna International Airport: 7.2% Plus in Passengers
Vienna Airport set a new record in 2011 with a total of 21,106,292 passengers. This year-on-year increase of 7.2% places Vienna above the European average.
January 19, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-19)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 19, 2012
Wienerberger: “Bond Issue Was Succesful”
The maximum possible issue size of € 200m was fully utilized. Proceeds from bond issue to be used primarily for maintaining and strengthening capital structure.
January 19, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners & Losers.
January 18, 2012 · Updated: January 18, 2012; 17:58
Treichl: „Erste Could Bear Hair Cut in Hungary“
Andreas Treichl, Erste Group´s CEO, is optimistic for Hungary. A withdrawal of Erste Group is not considered.
January 18, 2012
Austrian Banks Claim to Continue „Vienna Initiative“
In 2009, international banks agreed on maintaining their lending operations in Eastern Europe. Now, the cooperation should be extended.
January 18, 2012
New Management at Vienna Stock Exchange
Birgit Kuras is the new Member of the Management Board of Wiener Börse AG.
January 18, 2012
OMV to Sell Petrol Stations in Croatia and Bosnia
The Russian oil company Zarubezhneft is interested in OMV´s Bosnian and Croatian petrol stations.
January 18, 2012
RHI Takes Over Swiss Stopinc AG
The Austrian producer of refractory takes over refractory specialty producer Stopinc AG. RHI thus increase the stake held from 50% to 100%.
January 18, 2012
Growth of CEE Banking Sector Above European Average
2012 should remain a challenging year for CEE banking, with regulatory changes and European debt crisis as main risk factors, but Western European banks´ deleveraging should be a manageable drag.
January 18, 2012
Erste Group Provides Major Loan to Telekom Serbia
The Austrian bank commits € 140m to Telekom Serbia as part of a recent syndicated loan taken by the company. Erste Group acted as joint mandated lead arranger, underwriter and bookrunner.
January 18, 2012
Oberbank Satisfied with 2011 Results
The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.
January 17, 2012
Signs for Economic Stabilization
The Austrian Central Bank (OeNB) sees signs that the economic downturn trend can be stopped. A small growth in 2012 could be possible.
January 17, 2012
Metro Cancels Kaufhof Sale
The Austrian real estate investor René Benko has to abandon the plan to take over the German retail chain Kaufhof.
January 17, 2012
Berlin as New Growth Market for CA Immo
In 2012, the Austrian real estate company plans anInvestment volume of about € 300 m in Frankfurt and Berlin.
January 17, 2012
SBO Reports Strong Rise in Earnings
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, again posted a remarkable increase in sales and profit in fiscal 2011.
January 17, 2012
Vienna Stock Exchange: Winners and Losers (2012-01-17)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
January 17, 2012
Pecik´s Stake in Telekom Austria Beyond 20%
The Austrian investor currently holds 15.0% of Telekom Austria´s share capital. Furthermore, Pecik owns call options for another 5.1%.
January 17, 2012
Government to Sharpen Austerity Measures
After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.
January 17, 2012
Porr: Capital Increase Flows Smoothly
According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.
January 16, 2012
Inflation Reached 3.3% in 2011
Annual rate of the Consumer Price Inflation went up to +3.3 % (HICP: +3.6%) in the year 2011. Inflation in December went down slightly.
January 16, 2012
Fast News Search
