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Latest News

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

IMF - Austria to save on expenses

Raise taxes, use the potential in the labour market and build a more effective social services system.

June 29, 2010

Unternehmens Invest AG - Voting rights of Knünz GmbH

KP Invest Beteiligungs GmbH announces that Pierer GmbH and Knünz Gmbh each have transferred UIAG shares to KP Invest Beteiligungs GmbH through a transfer of assets and contribution, bringing the participation in voting rights and in share capital to 50.1%

June 29, 2010

Zumtobel AG - Financial results for 2009/10

The 2009/2010 Financial Year for the Zumtobel Group was shaped by the effects of the global economic crisis, but the development of revenues stabilised gradually during the course of the year. Revenues recorded by this Austrian lighting group, w

June 29, 2010

A-Tec Industries AG to float corporate bond

A-TEC Industries AG is currently in preparations to issue a corporate bond.

June 28, 2010

Intercell AG -Resolutions of the AGM

Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.

June 28, 2010

Pierer and Knünz to introduce shares in equity firm

KP Invest is majority shareholder in Cross Industries and UIAG

June 28, 2010

Stronach handing off control of Magna International

Shareholders decide on the planned restructuring of the international subcontractor- development of e-cars

June 28, 2010

Hirsch Servo shrinks Board

The listed Carinthian machine manufacturer and packaging supplier Hirsch Servo AG reduced its board. Chief Financial Officer Andrew Zois leaves the company, wanting to pursue new professional challenges.

June 28, 2010

Zielpunkt to be sold again

New Zielpunkt boss Satek wants reorganization of the chain rather than a split

June 28, 2010

Bank Austria sees euro zone as main risk for growth

Institute raises forecast for 2010 slightly to 3.1 percent

June 28, 2010

Strabag keeps Implenia in suspense

Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.

June 25, 2010

ÖVAG does not want to stay solo

The enthusiasm of authorities, central bank and the federal government is limited for the decision of the ÖVAG owner to continue without a partner and to merge Investkredit and ÖVAG.

June 25, 2010

OeNB - Stress tests discriminate against European banks

The Austrian banks have become more stable compared to the autumn of 2009, as analyzed by the Austrian National Bank. However, "stress tests" could cause lengthy aid procedures in Europe.

June 25, 2010

EU - Austria granted to extend bank aid package

The European Commission extended the authorization for the Austrian bank rescue package of €100b ($123b) for half a year.

June 25, 2010

Christ Water Technology AG - Remaining minority shareholders to receive €2.10 per share

The Management Board of CWT and Eimco as principal shareholder of CWT have now jointly fixed the appropriate compensation at €2.10 ($2.6) per CWT share. The appropriateness of this compensation remains to be reviewed by the Supervisory Board of CWT.

June 25, 2010

KTM Power Sports AG - KTM speeds up earning rise in the third quarter

The KTM-group is expected to generate an EBIT of €12.4m in the 3rd quarter of 2009/10 and is heading for an overly positive business year 2009/10.

June 25, 2010

CA Immobilien Anlagen AG to acquire Europolis AG

CA Immobilien Anlagen AG agreed with Österreichische Volksbanken-AG Group to acquire all shares in Europolis AG.

June 25, 2010

Zumtobel AG - CFO Thomas Spitzenpfeil to resign at the end of September 2010

Thomas Spitzenpfeil, Chief Financial Officer of the Zumtobel Group, has announced his intention to resign in order to pursue a career opportunity on the management board of a German corporation.

June 24, 2010

EU accuses Austria of hurdles in buying property

The European Commission refers Austria to the European Court of Justice. Reasons are fundamental barriers to the acquisition of agricultural land in Vorarlberg.

June 24, 2010

Austrian Institute of Technology - "Last Chance" was used despite economic crisis

The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".

June 24, 2010

CA Immo attends to Europolis AG

Austrian Volksbank AG (ÖVAG) will conclude on Thursday its business of selling its real estate subsidiary Europolis to the CA Immo.

June 24, 2010

INSITO international symposium on the quality of work in Vienna

Securing and improving working conditions, health and safety at work in times of crisis will be discussed from today by international scientists and interest representatives from Vienna.

June 24, 2010

New plant location opened in industrial park Gmünd

The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.

June 24, 2010

Hypo SüdLeasing Ltd. - Change in Executive Team

The position of the Managing Director was assigned to Maria Klimke as of 01/06/2010. She succeeds Ms. Nora Frischherz who left the company on 31.05.2010.

June 23, 2010

Siemens Austria wins award for research project

The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".

June 23, 2010

Bene AG - Results for the first quarter of 2010/11

In the first quarter of 2010/11 sales and earnings of the Bene Group were still affected by the difficult economic environment in most of the markets.

June 23, 2010

Publication of the stress tests on Friday

In the second half of July, the results of the stress tests for the 25 leading banks in the community will be published. Previously such reviews, as well as the national results of stress tests for all banks of a country, were kept top secret.

June 23, 2010

Migration barriers - Austria missing out on Human Capital

Due to existing migration barriers, Austria looses highly skilled workers who are hard to find, especially in the years of the boom in the domestic labour market.

June 23, 2010

All currencies declining against gold

The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to Stöferle.

June 23, 2010

Is Telekom Austria more expensive than the industry average?

Given the current revenue ­ multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.

June 22, 2010

Power International Limited continues legal battle with Meinl Bank

The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.

June 22, 2010

EU has doubts about realignment of Hypo Alpe Adria

The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.

June 22, 2010

Energy ten percent more expensive

Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.

June 22, 2010

Vienna Stock Exchange includes two fundamental indices

The Vienna Stock Exchange introduces two Fundamental Indices, CECE and CEETX fundamental, which includes the company CECE and the CEESEG (CEETX) Traded Index.

June 22, 2010

Power International Limited - AGM approves all resolutions

All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.

June 22, 2010

Markus Jochum as new CEO of Hypo Tirol

Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.

June 21, 2010

OMV shows interest in Dana Petroleum

Shares of British oil and gas group increasingly gaining according to rumours.

June 21, 2010

Liquid-gas-project in Croatia delayed

The liquid-gas-project in Croatia, Adria LNG, in which OMV is involved with about one third will be postponed for at least three years.

June 21, 2010

Quo vadis Europe? Crisis summit at the University of Linz

Corporate crises, bank failures and bankruptcies of entire economies: Europe is struggling with the agenda of national and international restructuring plans.

June 21, 2010

Hypo Alpe Adria - shareholders' meeting approves capital increase

€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).

June 21, 2010

Green power - competition for new wind turbines

The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.

June 17, 2010

EU government leaders agree on bank tax

Financial transaction tax demanded for G-20.

June 17, 2010

Inflation or deflation?

According to Wolfgang Braun at BörseExpress, there is fear among the citizens: the fear that they might lose their savings through inflation.

June 17, 2010

Textile Industry remains attractive

The industry managed to register sales increase for the sixth consecutive year, the trend is upwards.

June 17, 2010

Christoph Hinteregger new chief negotiator of metalworkers

Deputy chief negotiator is Alfred Hintringer - former chief negotiator Hermann Haslauer available as consultant.

June 17, 2010

Internet services industry produces about €6b

The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.

June 17, 2010