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Latest News

Austrian Chamber of Commerce - Fritz Aichinger is the new chairman of trade

Aichinger succeeds Erich Lemler – Deputy: Jutta Pemsel and Wolfgang Sauer

June 16, 2010

Gazprom plans to enter Slovakian market

The gas company will take over the subsidiary Energo Vemex in Slovakia.

June 16, 2010

Slight fall in inflation in May 2010 to 1.9%

According to calculations by Statistics Austria, the inflation rate for May 2010 was 1.9%, slightly lower than in previous months (both 2.0% in April and March).

June 16, 2010

Hungary - Orbán's crusade has what it takes for an export success

Viktor Orbán could have used his appearance at the IIF conference in Vienna to refurbish the image of his bankrupt government.

June 15, 2010

Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer

On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.

June 15, 2010

Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna

Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.

June 15, 2010

Austrian Post - Customers are leaving

Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.

June 15, 2010

Konrad confirmed as advocate-general for Raiffeisen

Christian Konrad is elected for another four years.

June 15, 2010

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

Conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, announces that it will submit a voluntary public takeover bid to all the other shareholders of ECO Business-Immobilien AG.

June 15, 2010

Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey

International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.

June 15, 2010

Dairy firms Tirol Milch and Berglandmilch to merge

Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.

June 14, 2010

Kogler accuses Leitl of fiscal incompetence

WKÖ chief to submit reorganization plan or to remain silent.

June 14, 2010

OMV could be an accomplice in war crimes and crimes against humanity

OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.

June 14, 2010

Survey - Restrictive lending in Austria

In a survey of the Credit Protection Association (KSV 1870) entrepreneurs declared, that borrowing is currently slow, and the allocation restrictive.

June 14, 2010

Vienna Stock Exchange - Wienerberger and Voestalpine very robust

The Vienna Stock Exchange ended Monday’s trading day with weak volume and higher prices. The ATX rose 42.66 points, or 1.81 percent, to 2405.77 units.

June 14, 2010

OeNB revises growth forecast for 2011 and 2012

Austria's economy will grow 1.6 to 2.1 percent from this year to 2012 to 2.1 percent, as estimated by the Austrian National Bank.

June 14, 2010

OMV remains Austria's largest company

OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.

June 14, 2010

ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m

ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.

June 14, 2010

Austria has 39,077 dollar-millionaires

The number of dollar millionaires did not only rise in Austria but also increased substantially worldwide.

June 11, 2010

Pröll - Austria will introduce a bank tax in a solo attempt.

"The bank tax will be discussed together with the banks and it will be implemented, I stand for that," announced Finance Minister Pröll.

June 11, 2010

Hochhauser - Austria's business landscape is becoming more and more an female entrepreneur landscape

Special Prize of the Economic Chamber of Austria "women in leading positions" goes to Margaret Fürtbauer.

June 11, 2010

Miba AG makes a strong start to the new business year

Miba, strategic partner to the international engine and automotive industry, had a strong start to the new business year.

June 11, 2010

Green Party Vienna sharply criticises the Summit Bank

"Scandalous interplay of politics and banks'

June 11, 2010

AE&E scores a contract over EUR 20 million

The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.

June 11, 2010

Fresh money for upcoming infrastructure projects

If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.

June 10, 2010

Austria's economy further weakens

The gross domestic product of Austria fell in the first three months of this year by 0.1 percent.

June 10, 2010

Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis

Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".

June 10, 2010

IIF Meeting - Viennese outcry against Basel

At its meeting in Vienna on Thursday, the World Bank Association IIF (Institute of International Finance) presented a study on the impact of stricter banking regulations.

June 10, 2010

Skylink-time and on budget-holding

Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.

June 10, 2010

Securing the future of the GM plant in Vienna-Aspern

Economy points to larger role of GM Powertrain in the restructuring plan.

June 10, 2010

Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile

International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.

June 10, 2010

SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects

A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.

June 10, 2010

Service sector achieved increase of turnover by 1.2% in the first quarter of 2010

According to Statistics Austria, based on results for the first quarter of 2010, turnover of Austrian services enterprises at nominal values rose by 1.2% compared to the first quarter of the year 2009.

June 9, 2010

Slight increase in trade deficit

In the first quarter of 2010, according to “Statistik Austria”, goods worth of €24.89b, were imported which is 3.8 percent more than last year.

June 8, 2010

ÖBFA wants to sell more government bonds to the public

The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.

June 8, 2010

Manpower - Employment Outlook for third quarter in 2010

As reported 13% of domestic recruiters intend to higher workers. Only 5% have to reduce staff. 88% can cope with current employee numbers while 2% still fluctuate.

June 8, 2010

Raiffeisen launching Zuno

Raiffeisen International is starting a direct bank with the pretty name Zuno, which will start this year in Slovakia.

June 8, 2010

Rosenbauer International AG - major order from Saudi Arabia

Rosenbauer, a leading manufacturer of fire fighting vehicles, has once again received a major order from the Saudi Arabian Ministry of the Interior.

June 8, 2010

Raiffeisen banks are approaching reunification

Raiffeisen International, performed better than expected in the first quarter of 2010.

June 8, 2010

123people wins Venture Capital & Private Equity Award 2010

Jury commends startup success story, "Made in Austria"

June 8, 2010

Change at the ÖBB top - Kern replaces Klugar

The current Verbund manager Christian Kern takes over the top job of Peter Klugar at Österreichische Bundesbahnen (ÖBB).

June 7, 2010

Vassilakou - 50,000 new green jobs in Vienna possible

"50,000 new green jobs are possible in Vienna," says the club chairwoman of the Greens Vienna, Maria Vassilakou, in reference to a study by Greenpeace presented today in Berlin, that the world could produce 8.5 million jobs in the renewable energy.

June 7, 2010

National Board of Machine Trade has a new chairman - Ulrich Fuchs

At the inaugural meeting of the National Board of Machine Trade, Ulrich Fuchs was elected Chairman by top representatives.

June 7, 2010

Austrian Export Day - Summit of the Austrian export industry

In these economically challenging times for companies, greater efforts are needed to internationally to take off.

June 7, 2010

Wholesale prices in May 2010 - plus 4.9% compared to the previous year

The index of wholesale prices, (GHPI 2005), for the month of May 2010, registers 110.6 (provisional figure), an increase of 0.4% over that of the previous month according to calculations of Statistics Austria.

June 7, 2010

Institute of International Finance meeting in Vienna - Soros, Papandreou, Ackermann participating

The IIF expects a large gathering of the world’s leading bankers and investors to attend the 2010 IIF Spring Membership Meeting.

June 7, 2010

Rosenbauer International AG - The new AT - the municipal fire service vehicle of the future

The AT from Rosenbauer has been a byword among fire services for more than 15 years. Moreover, ever since the first generation, it has been subject to ongoing improvements and in the meantime, over 2,000 vehicles are in operation worldwide.

June 7, 2010

Voestalpine AG - AGM

Invitation to the General Meeting

June 4, 2010

Vienna Stock exchange remaining at low

The ATX currently commutes listlessly at a low level. Although we had missed the best trading day due to a bank holiday, no noticeable performance compensation was observed on Friday.

June 4, 2010

Schieder wants ban on short selling

The Financial Secretary sees Germany as role model.

June 4, 2010