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Vienna Stock Exchange: Winners and Losers (2011-12-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 10, 2011
Treichl: „9% Quota Is Adequate“
The CEO of Erste Group, Andreas Treichl, is optimistic to achieve the prescribed 9% tier 1 capital quota by mid-2012.
December 10, 2011
Mitterlehner Pushes for more Venture Capital
The Austrian Minister of Economics, Reinhold Mitterlehner wants to increase efficiency and reduce redundancies in economic subsidies.
December 10, 2011
Austria´s Industry Supports Croatia´s EU Accession
The Austrian Chamber of Commerce sees a huge interest of the domestic economy in Croatia´s EU accession. In 2010, Austria was the largest investor.
December 10, 2011
Magna to Develop Luxury Cars in Styria
The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.
December 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 9, 2011 · Updated: December 9, 2011; 18:00
IPIC to Take Over OMV?
This week, IPIC announced to raise its stake in OMV. At the moment, the Arab investment fund holds 24.9% of OMV´s share capital.
December 9, 2011
Sale of Croatian OMV Petrol Stations Begins
OMV´s current market share in Croatia is 13%. Almost every major oil company in Europe shows interest.
December 9, 2011
Pecik Calls For Supervisory Board Members
The new core shareholder of Telekom Austria, Ronny Pecik wants to extend his influence on the management.
December 9, 2011
Moderate Increase in Passengers for AUA
Austrian Airlines Traffic Result: 4.9 percent more passengers in November. From January to November, the airline recorded an increase by 2.9 percent in passengers in total network.
December 9, 2011
Lack in Know-How for Investments
For 91% of the Austrians the topics investments and finance are too complex. A lack in transparency is obviously the problem.
December 9, 2011
Only 0.3% GDP Growth in Third Quarter
The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.
December 9, 2011
Nowotny Attacks EBA
The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.
December 9, 2011
Erste Group: Drastic Cut in Hungary
The Austrian bank cuts 450 jobs in Hungary. However, Erste Group emphasizes to stay in Central and Eastern Europe.
December 9, 2011
Miba Continues Growth Path
In the first three quarters, the automotive component supplier could record an increase in sales by 37%. EBIT was up by 22.1%.
December 9, 2011
Reduced, But Still High Shortfall at Austrian Banks
EBA shortfall for RZB Group set at approximately € 2.1bn, for Erste Group at € 0.74bn. However, the initial shortfalls were reduced for RZB.
December 8, 2011
New Record at Vienna Port
The Viennese port registered a new record in 2011. This year, already 400,000 containers were shipped by the subsidiary WienCont.
December 8, 2011
La Redoute Leaves Austria
The French owner Redcats decided to close the Salzburg-located branch. The French group has to restructure.
December 8, 2011
Austrian Post: Privatization Is Not Planned
The trade union of post employees wants to lower the dividends. Privatization plans have not been discussed yet.
December 8, 2011
Siemens VAI Receives Order from India
The Indian JSW Steel placed a major order at the Austrian Siemens VAI.
December 8, 2011
Telekom Austria: Write-Offs in Belarus
Due to the hyperinflation in Belarus, Telekom Austria´s write-offs could reach up to € 400m.
December 8, 2011
Austria Considers to Employ South Europeans
Especially the tourism and the construction industries are ready to take on high-skilled workers from Spain, Greece or Portugal.
December 8, 2011
Difficult Search for Investors at Wall Street
Austrian companies try to find new investors in the U.S. The relatively small size of Vienna Stock Exchange and the euro-crisis make this difficult.
December 8, 2011
Austrian „Debt Brake“ Resolved
Due to the lack in approval by the opposition parties, the „debt brake“ will only be resolved as a simple act.
December 8, 2011
AUA to Strengthen Presence in Austria
Austrian Airlines, the subsidiary of the German Lufthansa, refocuses on the Austrian home market. Flights to provincial airports should be extended.
December 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-08)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
December 8, 2011
Kaufhof: Benko Offering € 2bn?
The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.
December 8, 2011
Telekom Austria: “Hyperinflation Accounting” Applicable in Belarus
The Austrian telecommunication group will have to make inflation adjustments for its local subsidiary Velcom.
December 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 7, 2011 · Updated: December 7, 2011; 17:53
Negative Performance at Pension Funds
Assets under management were down by 2.3%. The average performance was -2.8%.
December 7, 2011
Rating Agencies Are Seen As Threat
The governor of the Austrian Central Bank, Ewald Nowotny, attacks S&P. For the head of the economic research institute IHS, Bernhard Felderer, the negative outlook must be seen as a warning signal.
December 7, 2011
Manner Expands Production
The Viennese confectionary company invests massively in its production facilities. The main factory will be enlarged.
December 7, 2011
Slow Progress in Transport Industry
The Austrian transport sector recovered in 2011. However, 2012 is expected to become a difficult year. Goods traffic declined drastically between 2006 and 2010.
December 7, 2011
Economic Stability: Austria Occupies Top Rank
According to a study by Allianz, Austria has the third rank among the EU countries.
December 7, 2011
Hypo Tirol Needs Capital Increase
The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.
December 7, 2011
Unchanged Upward Trend for Wholesale Prices
The Austrian wholesale price index in November 2011 was up by 5.5% against November 2010.
December 7, 2011
Rising Finance Requirements Due to Increase in Investments
According to the Erste Bank’s forecast on savings and loans, the average financing amount in Austria amounts to € 81,800.
December 7, 2011
Austrian Foreign Trade Deficit on the Rise
From January to September 2011: imports rose by 17%, exports increased by 14%. The deficit amounts to € 6.0bn.
December 7, 2011
Kapsch Group Expands in Romania
With the opening of a new, larger branch office, the Austrian toll collecting system supplier Kapsch Group is providing a signal for expansion in Romania.
December 7, 2011
„Debt Brake“: Critcism Against Opposition
After the “debt brake” has failed, the President of the Chamber of Commerce Christoph Leitl, Finance Minister Fekter and the Federal President Fischer criticize the three opposition parties.
December 6, 2011
Benko Confirms Binding Offer
Both Metro Group and René Benko´s Signa Holding confirmed that a binding offer for Metro´s subsidiary Kaufhof has been put.
December 6, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 6, 2011 · Updated: December 6, 2011; 18:01
IPIC to Acquire Blocking Minority Threshold
The core shareholder of the Austrian oil and gas company, the Abu Dhabi state fund IPIC, already owns a 24.9% stake. An increase beyond 25% has been announced.
December 6, 2011
Women´s Income Below Men
In Austria, the annual income of women is still considerably below men. However, this is mainly due to part time work. Male employees in private sector are top earners.
December 6, 2011
OMV Sells Croatian and Bosnian Subsidiaries
In line with the strategy of the Austrian oil and gas company, the sale of the retail and commercial business in Croatia (OMV Hrvatska d.o.o) and Bosnia-Herzegovina (OMV BH d.o.o) is under consideration.
December 6, 2011
Magna Powertrain Expands in Styria
The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.
December 6, 2011
Increasing Gap in Incomes
Although Austria´s Gini coefficient is relatively low, the gap between high and low incomes becomes larger.
December 6, 2011
S&P: Negative Outlook for Austria
The rating agency Standard & Poor´s gives a negative outlook to all triple-A countries in the EU.
December 6, 2011
Only Small Increase in Exports in 2012
After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.
December 6, 2011
Zumtobel Registers Profits Decrease
The Austrian light technology company reports an increase in revenues by 8.4% in the first half year. EBIT was down by 10.1%
December 6, 2011
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