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Latest News

Red Bull taking flight

In 2008 and 2009, the energy drink maker halved the gain compared to 2007. Red Bull boss Dietrich Mateschitz wants his energy drink to build on old booms and sparkles, and he is optimistic.

July 23, 2010

OIAG to become an infrastructure holding

The OIAG aims to become an infrastructure holding company. The federal real estate company (BIG), Verbund (energy), Asfinag (infrastructure) and parts of the ÖBB (railway) will be slowly integrated in an ÖIAG structure.

July 23, 2010

Conwert - Petrus Advisors soon legally the core shareholder

The investors, led by the investment company Petrus Advisers LLP already control facto for 17 percent of listed real estate developer conwert Immobilien Invest SE.

July 22, 2010

Head of Erste Bank Treichl advocates stress test ranking

"Then, investors can visualize the results," said Treichl after a bankers' meeting with Trichet.

July 22, 2010

Austria attracts World Bank

Austria has concluded agreements for an official residence of the World Bank Group. It provides privileges similar to those of diplomats for employees of the international organization.

July 22, 2010

AT&S to shift gears

The expansion in China and India as a driver for the circuit board manufacturer.

July 22, 2010

Hungary gives bank tax its blessing

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.

July 22, 2010

Intercell AG - publication pursuant to Sections 4 and 5 of the Publication Ordinance

Since 2002, the shareholders meeting of Intercell AG has issued stock options on a regular basis to members of the management board, the supervisory board and employees.

July 21, 2010

Strabag signs a deal in Abu Dhabi

The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager

July 21, 2010

Constantia Packaging subsidiary with acquisition in Spain

A 100-percent subsidiary of the packaging manufacturer Constantia Packaging AG, which was incorporated a few weeks by the U.S. financial investor One Equity Partners (OEP) is buying in Spain.

July 21, 2010

Banks-Stress Test - Friday evening moment of truth

At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.

July 21, 2010

A-Tec Industries announces changes on Management Board

Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.

July 21, 2010

Banks' equity - "Basel III costs 46 000 jobs"

The stricter rules for the equity of banks will reduce lending by up to 20 percent, says the Institute for Advanced Studies (IHS) in Vienna.

July 21, 2010

Rise in industrial production prices

New rise in industrial production prices in May 2010: +0.8% from previous month, +2.9% compared to May 2009.

July 20, 2010

Telekom Austria's verifies sale to Russian MTS

Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.

July 20, 2010

Constantia Packaging - shareholders will be reconciled with €47

The new owners of Constantia Packaging make cash payment of €47 ($60.61) per share to its minority shareholders.

July 20, 2010

Andritz receives major order for new stainless steel works from China

International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.

July 20, 2010

East-Europe Bank - "Hungary carries risks of infection"

The proposed bank tax against the wishes of the IMF is not a good sign, says the head of the European Bank for Reconstruction and Development (EBRD).

July 20, 2010

EVN - Majority of Bulgarian Gorna Arda is sought

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.

July 20, 2010

Mitterlehner calling for judicious austerity measures

Economics Minister Reinhold Mitterlehner warns EU countries about excessive savings. "Instead of linear cuts, you should save intelligently. Otherwise, domestic consumption is decreased too much," said Mitterlehner.

July 19, 2010

OeNB stresses its commitment to reform

The Austrian National Bank (OeNB) has announced its continuation of current reform policy, in light of stringent austerity measures announcement. Simultaneously, the OeNB said in a press release that its nationalisation has no impact on its independence

July 19, 2010

Hungary rejects additional austerity measures

Hardened front between the Hungarian government on the one hand and the International Monetary Fund (IMF) and the EU on the other side: highly-indebted Hungary has ruled out further austerity measures.

July 19, 2010

Banks threaten with drastic job cuts

Bankers warnings on impact of the stricter financial rules, five to ten thousand jobs are threatened.

July 19, 2010

Eco World Styria - Styrians to outstrip U.S.

The network meets the future on the international market as "The World's Green Tech Valley": a success story.

July 16, 2010

Vienna Stock Exchange - 2,650 points by the end of the year

Compared to the world's major stock exchanges the ATX is seen as an average performer with -5% in the first half of this year.

July 16, 2010

EURO - Confidence returns

Patient Euro is on the road to recovery. Europe's debt crisis and the financial problems mainly of Greece greatly affected the exchange rate earlier this year. Now, the Euro regains strength. After the low of $1.18, the Euro recovered step by step rising

July 16, 2010

Wage dumping

It is unusual that the former Austrian Trade Union Federation President Rudolf Hundstorfer finalised a draft law without a vote of social partners.

July 16, 2010

Economy shrank by 3.9 percent in 2009

The Austrian economy has shrunk even more in 2009 than previously expected.

July 16, 2010

Defying EU fusion reactors

According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.

July 15, 2010

Karl-Heinz Strauss new boss of Porr

The Carinthian project developer and CEO of numerous private foundations and major shareholder of Porr Karl-Heinz Strauss is the new boss of the construction company.

July 15, 2010

Stress tests - according to Cernko, Austrian Banks in the bottom third

Referring to speculation according to which Austrian banks with their relatively low equity ratio should not perform that well, Bank Austria CEO Willibald Cernko said "If one considers capital only, they will be at the top of the bottom third."

July 15, 2010

Vienna Stock Exchange buys 16.5 percent stake of the Ljubljana Stock Exchange

The Vienna stock exchange holding company, CEE Stock Exchange Group (CEESEG AG), has made some arrangements with minority shareholders of the Ljubljana Stock Exchange to purchase the remaining shares of its Slovenian subsidiary.

July 15, 2010

Union speaks of "death blow" for Austrian Railway

In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.

July 15, 2010

Raiffeisen recommends - "Hands off of Gold"

RLB-manager Gerhard Rehor interprets rising gold price as signs of a bubble, and discourages investment.

July 14, 2010

Expensive oil products - Inflation rises to 2.0 percent

The inflation rate was held high in June compared to last year due to higher prices of petroleum products.

July 14, 2010

Public debt an obstacle for companies

Uncertainty of government bonds increases financing risk warns S & P – Euribor registers eleven months high The uncertainty about the financial situation of some European countries could have an impact on sensitive companies. The U.S. rating agency St

July 14, 2010

Stress tests could be price-sensitive information

At the political level it is fiercely debated how detailed the publication of the stress test should be. The FMA currently tests whether the stress test results are stock market relevant, compulsory publications.

July 14, 2010

Stress tests pose problems

Results of stress tests will be published later than expected - assumptions behind tests create uncertainty.

July 14, 2010

Austria's largest construction companies by revenue

Strabag SE in 2009 remained by far the largest construction company in Austria.

July 13, 2010

Nowotny - raising the "retirement age"

Higher life expectancy, rising deficits: Austrians should therefore delay retirement, says National Bank's CEO Nowotny.

July 13, 2010

Bwin’s successful World Cup record

bwin, the world's leading online gaming operator, recorded a record sports betting turnover at the 2010 Football World Cup compared to previous major events.

July 13, 2010

Local banks in stress test "within normal range"

OeNB Governor criticizes EU Commission: State aid procedure too long - debt reduction, dampening the economy Austria's banks performed within "the normal range, in midfield," the Governor of the Austrian National bank (OeNB) and Governing Council memb

July 13, 2010

Andritz Hydro to supply propeller turbines for Lower Mattagami hydropower project, Canada

International technology Group Andritz has been awarded a contract by Kiewit-Alarie a Partnership to supply three propeller turbines and generators for the Lower Mattagami River Project being developed by Ontario Power Generation in Ontario, Canada.

July 13, 2010

Slowdown expected in the third quarter

A return to recession is not expected according to economists at Bank Austria, but the peak was now surpassed.

July 13, 2010

UniCredit's Profumo proposes 20-billion rescue fund

Head of Bank-Austria parent UniCredit, Alessandro Profumo, has announced his ambitions for a privately financed € 20 billion heavy rescue fund for troubled European banks.

July 12, 2010

Duel for lead of construction group

At the Board meeting next Thursday the new head of the construction at “Porr” could be decided.

July 12, 2010

Transaction tax - OECD European solo attempt

According to Jeffrey Owens, head of the OECD's tax department, a transaction tax only makes sense if it relates to the financial centres on a global scale.

July 12, 2010

Crisis causing private bankruptcy

Unemployment and less income: more than 50,000 people last year turned to a debt counselling bodies.

July 12, 2010

Pröll on economic status quo, "thunder and lightning are over"

The EU has demonstrated that "it is able to act in one of the worst crises, even if there were some mistakes," says Austrian Finance Minister Josef Pröll.

July 12, 2010

Foreign Trade Deficit, despite growth

Statistik Austria has published Austria’s trade balance. There are, increases in imports and exports.

July 12, 2010