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Raiffeisen Evolution shifting back

The real estate developer Raiffeisen evolution (RE) was significantly affected by the uncertainty in the property markets in 2009.

August 26, 2010

Allianz Austria registers profits

Allianz Austria has improved its half year results by around 45 per cent, which amounts to pre-crisis levels.

August 25, 2010

Kapsch TrafficCom returns to profit zone

The listed “tolls specialist” has doubled its sales to almost €66.3m ($83.88) in the first quarter.

August 25, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Siemens Group upgrades Austrian business location

Siemens Austria has been named the global interface for the small hydropower plant activities of the Group.

August 25, 2010

Eco Business back in black

The listed Eco Business Immobilien AG registers positive numbers in the first half of the year.

August 24, 2010

Austria - Production index +5.7%

The seasonally adjusted production index for the Production Area (NACE 2008 B - F) (base year) recorded a 0.6% decrease in June compared to May 2010, according to calculations by Statistics Austria.

August 24, 2010

Causa ÖBB - Verbund as top priority

Verbund AG wants to increase its equity, the federal government as majority shareholder will support the plan, which will be discussed, in tomorrows Council of Ministers.

August 23, 2010

Strabag sells joint venture share to Sberbank

Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.

August 23, 2010

Telekom Austria - Works council suspended due to a consultation fee

Telekom Austria works council member Franz Kusin was suspended by the company due to an alleged consulting fee of €30,000.

August 23, 2010

Meinl Bank compensates MEL-investors

The next 600 small investors may get back a third of their losses with MEL-papers. Overall Meinl Bank wants to pay out 3.2m ($4) and then retrieve the money from financial institutions.

August 20, 2010

Bankruptcy wave in Eastern Europe

In 2009 Eastern Europe registered 44 380 company failures, which accounts for over 44 percent more bankruptcy cases than in 2008. In Western Europe, the increase was 18.6 percent, Austria performed well with 9.3 percent.

August 20, 2010

VIG registers higher semi annual profit

The Vienna Insurance Group (VIG) earned €209.8m ($266) in the first half of 2010, which is over ten percent more than a year ago. While more premiums were taken up, paid benefits decreased.

August 20, 2010

OMV boss with possible prosecution

OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.

August 20, 2010

Albania - Green light for new power plant of Verbund and EVN

The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.

August 20, 2010

Voestalpine back in black

The Austrian steel company Voestalpine has benefited from strong economic recovery in the first quarter of 2010/11 and has by far exceeded earnings expectations of analysts.

August 20, 2010

AWD back in black

The financial services group AWD Holding AG returned to profitability and achieved a profit before interest and taxes (EBIT) of €20.4m. In the same period last year AWD had at deficit of €10.3m, the EBIT margin is at 7.8 percent.

August 18, 2010

Telekom Austria Group: results for the first half 2010 and the second quarter 2010

Several negative external effects and the impact of weak economies shape the market environment for Telekom Austria Group. These effects include the unabated fixed-to-mobile substitution and the continued price pressure in major markets.

August 18, 2010

Schoeller-Bleckmann Oilfield Equipment AG publishes half-year results

SBO, listed on the ATX market of the Vienna Stock Exchange, was able to take advantage of the increasingly rebounding market environment in the oilfield service industry in the first half of 2010.

August 18, 2010

Airports International - third capital repayment

This third capital repayment follows the initial capital repayment amounting to €2.25 per certificate at the beginning of June 2009, and the second capital repayment amounting to €0.70 per certificate at the end of October 2009.

August 18, 2010

JoWooD Entertainment AG postpones publication of results for Q2 2010

The current state of the consolidation indicates that the group incurred a substantial loss during the first half of 2010 and the management is currently unable to provide reliable information regarding the extent of such losses.

August 18, 2010

Wienerberger approaching “black zero”

In the first half of 2010, the building materials group registered a loss of €39.4m. One year ago it was about €200m. Forecasts however remain cautious.

August 17, 2010

AWS - Increasing demand for small loans

According to the Austria Economic Service (AWS) a significant increase in demand for small loans was registered in the first half of 2010.

August 17, 2010

RHI AG to be the sole shareholder of Didier Werke AG.

The legal proceedings against a resolution adopted at the AGM of Didier-Werke were concluded today.

August 17, 2010

Final result for the voluntary takeover bid for CA Immo International AG

In total CA Immobilien Anlagen AG now holds 42,217,340 shares of CA Immo International AG, this is equivalent to 97.14% of the issued share capital of CA Immo International AG.

August 17, 2010

Construction costs in July 2010: + 3.5% year-over-year, slight decrease compared to June 2010

Austria's Economy - The construction cost index for construction of residential buildings reached 119.6 index points in July 2010.

August 16, 2010

C-QUADRAT Investment AG - Interim Financial Report as of 30 June

C-QUADRAT Investment AG concluded the first half year of 2010 with an operating income of €29.6m, an operating profit of €5.4m and a net profit of €8.5m.

August 16, 2010

Inflation in Austria fell slightly

Inflation in Austria fell from 2.0 to 1.9 percent in July on an annual basis. The main drivers were price increases for housing and fuels, which are responsible for half of the increase in CPI.

August 16, 2010

New management at S&T Austria GmbH

Eduard Bugelnig, Patrick Schnebel and Robert Latka take over management of the Austrian subsidiary of S&T.

July 23, 2010

KTM confirms earning rise in the third quarter

Due to the focus on KTM´s core business and its efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales.

July 23, 2010

Vienna Insurance Group: increase the proportion of TBIH to 100 percent

After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.

July 23, 2010

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