Latest News

Resistance Against VBAG´s Structural Plans

The Austrian VBAB recently announced to restructure their group. However, the idea of a “bad bank” is seen as disadvantageous.

December 20, 2011

Major Order from Russia for Siemens Austria

The Russian railway company RZD reserves eight high-speed trains “Velaro RUS”. The order will be delivered in January 2014.

December 20, 2011

Substantial Gender Difference in Full-Time Employment

In Austria, 4.03 million employees counted for 3.54 million full-time equivalents in 2010. The gender gap is significant.

December 20, 2011

Benko Relieved from Money Laundering Accusations

Investigations against the Austrian real estate investor will end soon, German newspapers report. Benko bids for Metro´s subsidiary Kaufhof.

December 20, 2011

Felderer Expects Structural Changes

The head of the public debt committee, Bernhard Felderer says that new taxes are inevitable.

December 20, 2011

Rise in Profits Expected for Immofinanz

Tomorrow, on Tuesday, the Austrian real estate company presents its results for the second quarter. EBIT should rise significantly.

December 19, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-19)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 19, 2011

Sanochemia Achieves Turnaround

The Austrian pharmaceutical company could turn net results and EBIT into the profit zone. Sales were up too.

December 19, 2011

Hypo Group to Sell Interests in SEE Earlier

Due to the equity regulations, the Austrian bank prefers to sell its business in South Eastern Europe instead of the Italian and Austrian subsidiary.

December 19, 2011

Many Applicants in Emco Sale

The Austrian mechanical engineering company, which is a subsidiary of the insolvent A-Tec group, is highly sought-after. The sale price is estimated to reach € 30m.

December 19, 2011

Fekter Pushes for Further Austerity Measures

The Austrian Minister of Finance, Maria Fekter (ÖVP), announced that the planned austerity measures will not be sufficient. The coalition partner SPÖ is upset.

December 19, 2011

Belo Monte: Building Freeze Suspended

The Austrian plant construction company Andritz may expect the final order from Brazil. Andritz wants to deliver turbines and generators.

December 19, 2011

Austerity Package for Austrian Railways?

According to media reports, the Austrian Railways (ÖBB) faces drastic steps. Among others, a hiring freeze is discussed.

December 19, 2011

Oberösterreichische Versicherung Raises Premium Income

The Upper Austrian regional insurance company expects to record results slightly below the previous year´s level.

December 19, 2011

Rumors Say Raiffeisen Looking for New Investors

According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.

December 19, 2011

Serbia Tries Privatization Again

After the privatization of Telekom Srbija has failed in spring 2011, the Serbian government tries again. Telekom Austria could still show interest.

December 19, 2011

Foreign Currency Loans: Austrian Banks Appreciate Hungarian Decision

Austrian banks reacted positively to the announcement of the Hungarian government to participate in costs for the conversion of foreign currency loans.

December 19, 2011

Norwegian Telenor to Enter Telekom Austria

The core shareholder at Telekom Austria, Ronny Pecik, could re-sell its recently acquired stakes. Telenor and the Russian Sistema are interested.

December 17, 2011

Kaufhof-Deal Not Closed Before 2012

The two main competitors for the German retail chain are the Austrian real estate investor René Benko and the U.S. investor Nicolas Berggruen.

December 17, 2011

Siemens Austria: Order from Belarus

Siemens VAI Metals Technologies received a major order from the Belorussian steel producer Byelorussian Steelworks (BMZ),

December 17, 2011

Bank Austria Reviews Strategy for CEE

In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.

December 17, 2011

Austrian Poverty Rate Unchanged

EU-SILC 2010: No increase of the at-risk-of-poverty rate due to the economic crisis; declining living conditions for the poor in a long-term perspective.

December 17, 2011

S&P: Austria Faces Recession

The rating agency forecasts shrinking economic output for countries with large exports.

December 17, 2011

Stagnation Expected for Austria

The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.

December 17, 2011

Austrian Unemployment Fell Significantly

The Austrian labor market records more employees. The number of unemployed decreased, vacancies were going down in the third quarter of 2011.

December 17, 2011

Gebrüder Weiss Builds New Branch in Czech Republic

In Jeneč, near Prague, the Austrian logistics supplier builds a new terminal with an office complex and cross-docking facilities. Investments amount to € 15m.

December 17, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-17)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers

December 17, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-16)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

December 16, 2011

Telekom Austria Cuts Dividend

The Austrian telecommunication company will pay a dividend of € 0.38 per share in the years 2011 and 2012.

December 16, 2011

Energie AG Achieves Strong Growth

The Upper Austrian energy provider recorded an increase in sales of 12.2% in the fiscal year 2010/11. EBIT was down by 2.6% to € 125.6m.

December 16, 2011

Plansee Group Sells PMG

The Austrian provider of metallurgically manufactured products sells the business division to a German asset management company.

December 16, 2011

Uniqa Grows Quickly in Bosnia and Herzegovina

The insurance company’s premium volume increased by 14% in the first three quarters of the year.

December 16, 2011

Wolford Reports Drop in Earnings

The Austrian clothing company recorded sales of € 73.6m in the first half of FY 2011/12. EBITDA came in at € 6.6m slightly lower than in the previous year.

December 16, 2011

OeNB: Developments in the Sovereign Debt Crisis Will Be Crucial for Financial Stability

The Austrian National Bank (OeNB) presented the 22nd Financial Stability Report.

December 16, 2011

Rosenbauer Wins Order worth € 245m in Saudi Arabia

The Austrian manufacturer of fire fighting vehicles has won the biggest order in the company’s history. 1,125 vehicles will be supplied.

December 16, 2011

VBAG Supervisory Board Resolves New Divisional Structure

The Austrian bank will sell its subsidiaries that are not part of the core business. The headcount will be reduced by 20% by the end of 2013.

December 15, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-15)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

December 15, 2011

Austrian Companies Have € 8.5bn Cash on Hand

ATX and Prime Market companies‘ money holdings amounted to € 8.5bn in Q2 2011. Investments totaled € 1.5bn.

December 15, 2011

Rising Number of Private Insolvencies

Mobile phone and car expenses are causing most private insolvencies in Austria.

December 15, 2011

Voestalpine Streamlines Group Structure

The Austrian steel company merges its Automotive and Profilform divisions. Herbert Eibensteiner takes over as head of the new division.

December 15, 2011

Inflation Rate Climbs Back to 3.6%

Consumer price inflation went up again in November 2011. Above-average price increases were registered for traffic and household energy

December 15, 2011

Lower Increase of Construction Cost in November

Construction cost in November 2011: +1.6% against 2010, -0.2% compared to October 2011.

December 15, 2011

Austria to Be By-Passed by South Stream Gas Pipeline

The rival project to Nabucco will not end at OMV’s Central European gas hub.

December 15, 2011

EVN Reports Decline in Profit

The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.

December 15, 2011

Changes to the Management Board of Erste Group

The Supervisory Board of the Austrian bank took several personnel decisions that concern the holding company as well as the subsidiaries in Hungary and Romania.

December 15, 2011

Real Estate Boom in Austria

Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.

December 14, 2011

Building Saving: Financing Becomes more Difficult

In Austria, 45,000 new apartments are needed, causing finance requirements of € 8.8bn. Meeting this demand becomes harder.

December 14, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-14)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 14, 2011 · Updated: December 14, 2011; 18:29

S&T Aims to Achieve Turnaround in 2012

The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.

December 14, 2011

Pecik to Enlarge Activities in Telekom

The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.

December 14, 2011