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Latest News

Voestalpine AG - Resolutions of AGM

Voestalpine AG Annual General Meeting approves dividend and share repurchase program.

July 8, 2010

Siemens - Major contract in the Czech Republic

Siemens to build a photovoltaic system for about €10m

July 8, 2010

International companies discover Austria again

In the first half of 2010, 93 companies settled in Austria; in the same period in 2009 there were only 84. Total investment volume tripled from €37m ($46,95m) to almost €103m ($130,69).

July 8, 2010

Banks swap gold - Caused by Central banks?

European banks have tons of bunkers gold at the "Super Fed" BIS (Bank for International Settlement). But they could have acted only as intermediary.

July 8, 2010

Fight against early retirement - Companies should pay

The Wifo suggests that firms should pay if their employees are sick and are sent into early retirement.

July 8, 2010

Stress tests - Erste Bank and RZB on the list

91 European banks will have to undergo stress tests of European regulators. Two Austrian institutions will be tested as well.

July 8, 2010

REWE takes remaining 25 percent od ADEG

Rewe acquires Adeg. Two years ago, the group took over 75 percent of the retail chain in Austria. The deal does not require to be registered at the European Commission. Adeg is already completely integrated into Rewe.

July 7, 2010

AWD - Commercial Court allows class action

Consumer information association (VKI) goes to court on behalf of 1,300 investors.

July 7, 2010

Hungary rejects amendments to bank levy

At the start of negotiations with the International Monetary Fund (IMF), the Hungarian government ruled out an amendment of the introduction of the controversial bank tax.

July 7, 2010

More private consumption in Austria

In Austria the private consumption expenditure has increased by 0.3 percent in the first quarter of 2010.

July 7, 2010

OECD’s criticism of low labour force participation of older people

In Austria, the labour market has weathered the global economic crisis better than most other OECD countries.

July 7, 2010

No share price manipulation in Immoeast, confirmed by court-appointed expert

An investor claimed that the price of Immoeast shares had been inflated manipulative trading activities of former Constantia Privatbank (now Aviso Zeta Bank)

July 6, 2010

Immofinanz - Sale of 55m shares hasn't started

The placement of the 55m Immofinanz shares from settlement with Constantia Packaging has not yet begun as reported in today’s published "Company Flash" of UniCredit.

July 6, 2010

Zumtobel AG - Announcement pursuant to § 93 of the Austrian Stock Exchange Act

Zumtobel, internationally leading supplier of integral lighting solutions for a variety of applications, announces that the capital decrease of 2009 led to an increase in the voting rights held by the members of the syndicate agreement to 35.3%.

July 6, 2010

Conwert Immobilien Invest SE extends share buyback programme

At the AGM of conwert Immobilien Invest SE, the Administrative Board was authorised to purchase treasury shares up to the legally defined maximum.

July 6, 2010

Austrian companies are innovative

More than half of domestic companies may be the labelled innovative.

July 6, 2010

Bank Austria’s Snowball clause illegal

The unilateral termination right of Bank Austria in its "Callable Snowball Floater " is unlawful according to the Supreme Court (OGH).

July 6, 2010

Federal loans increased to 1.32b

The Austrian taxpayers will be pleased: The federal government has been able to borrowing loans for extremely favourable terms. The 3.9-percent government bond (from 2005 to 2020) was increased by € 770m ($972.02) to an average yield increase of 3.008 per

July 6, 2010

Strabag loses job over €3b ($3,7b) in Bosnia

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra

July 5, 2010

Sale of Innovest is imminent

Beside Raiffeisen there are two other interested parties.

July 5, 2010

Cross Industries AG - Changes in Management Board and Supervisory Board

Mr. Rudolf Knünz resigns from the management board, Mr. Friedrich Roithner will take over the function of CFO.

July 5, 2010

C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.

July 5, 2010

Higher property tax could bring a billion

A convergence of calculation basis to real market values could, according to the Wifo, generate additional income of half a billion Euros.

July 5, 2010

Commercial Court - 17 illegal clauses at Bank Austria

17 clauses at Bank Austria conflict with the new payment service law, according to the Vienna Commercial Court.

July 5, 2010

Lending decreased in April

More long-term loans to enterprises, decline in foreign currency loans in private sector.

July 5, 2010

MAN-Chief

The Austrian Georg Pachta-Reyhofen remains at the top of the German trucks and engineering group MAN.

July 2, 2010

Short-time work massively reduced

At the height of the crisis in April 2009, 57 000 employees were short-time workers , there were only 8313 at the beginning of July 2010.

July 2, 2010

Antitrust accusations against Polish subsidiary

The Polish Strabag subsidiary is under investigation for cartel collusion in public tenders.

July 2, 2010

Unemployment in euro countries unchanged

Lowest rate in Austria - Spain and Latvia, most affected Unemployment in the 16 euro countries will remain unchanged at high levels. In May the rate was ten percent, as the European statistics agency Eurostat announced on Friday in Luxembourg.

July 2, 2010

Vienna Stock Exchange - Weak week

With -6.2%, the ATX registers a weak week. The only positive factor is that recent annual lows were not crossed.

July 2, 2010

Intercell reports Phase II Study Results of its Vaccine Enhancement Patch for Pandemic Influenza

Intercell AG today announced the results of a Phase II clinical trial of its investigational Vaccine Enhancement Patch (VEP) system for avian H5N1 influenza.

July 2, 2010

Agrana Beteiligungs-AG - AGM approves unchanged dividend

The 23rd Annual General Meeting of AGRANA Beteiligungs-AG today voted to pay a dividend unchanged from the prior year - of EUR 1.95 per share for the completed 2009/10 financial year.

July 2, 2010

Eco with surcharge above Austrian average

"Since the Austrian real estate companies with an average of four to five percent return on equity do not currently earn their cost of equity, an evaluation of net asset value is not justified in not justified in our opinion."

July 1, 2010

New management duo for Erste Bank Austria

Following the retirement of Bleyleben-Koren, the Bank will be lead by the duo Uher and Bosek.

July 1, 2010

EU needs a budget minister

For Austrian National Bank President Raidl, the Euro is a success story, however "the monetary union only functions as a political union "I think the Euro is a success story," said the President of OeNB and the Chairman of Voestalpine Claus Raidl to t

July 1, 2010

Unemployment significantly declines

For the first time since the beginning of the crisis the number of unemployed and trainees decreases significantly.

July 1, 2010

Construction output declines by 14%

The massive railway expansion in the first quarter prevents an even greater decline.

July 1, 2010

Conwert Immobilien Invest SE - Voluntary public takeover offer for ECO Business-Immobilien AG

Voluntary public takeover offer for ECO Business-Immobilien AG: offer price is increased to €7.15.

July 1, 2010

Christ Water Technology AG - Invitation to the AGM

Pursuant to the Squeeze-out Act, CWT is obliged to make an announcement regarding any planned resolution to squeeze out minority shareholders at least one month before the day of the AGM.

July 1, 2010

Voestalpine AG - EU fines steel producers - voestalpine affected by €22m

Voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH.

June 30, 2010

Bwin Interactive Entertainment AG - Change of total voting rights

Bwin Interactive Entertainment AG hereby announces that at the end of the month June 2010 the number of voting rights amounts to a total of 35.956.688 voting rights.

June 30, 2010

Wienerberger with dampened expectations

Wienerberger AG expects a relatively good spring quarter, but is running after lost revenue of the first month.

June 30, 2010

Vienna Stock Exchange - The largest price gains and losers in the first Six months

Airport Vienna with largest share, Intercell leads losers list.

June 30, 2010

A-Tec wants private bonds.

Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-

June 30, 2010

Nowotny strongly criticizes the Hungarian bank tax

The Austrian central bank chief Ewald Nowotny has practiced unusually sharp criticism of the Hungarian government, more specifically at the proposed Hungarian bank tax.

June 30, 2010

Energy must not be at mercy of shareholders

The only treasure of Austria must remain in own sphere of influence.

June 30, 2010

S&T System Integration & Technology Distribution AG - Change to the Management Board

CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.

June 29, 2010

Erste Bank recommends formation of small cash reserves

The investment experts of “Erste Bank” recommend, from the third quarter, formation of small cash reserves in the amount of 5% in the conservative portfolio and 7.5% in the dynamic portfolio.

June 29, 2010

Austrian federal government - Massive fall in revenue

The federal government is missing €4b ($4.9b) in revenue, in the first four months of this year. In total a decrease of €6.1b ($7.5b) was registered.

June 29, 2010

European companies - Discrimination in China

In a survey of 500 European companies, 40 percent did not feel welcome in China. Accordingly, laws and rules would be unfavourable to non-Chinese companies.

June 29, 2010