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Plansee Grows in Korea
With the acquisition of TCB, he Austrian Plansee Group expands in South Korea.
October 25, 2011
Strong Rise in Sales for austriamicrosystems
Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.
October 24, 2011
WIFO Alarms: Petrol Price Has to Increase
The petrol price should be increased annually by six percent. Tobacco should be more expensive as well, claims WIFO’s (Austrian Institute of Economic Research) head Karl Aiginger. However, taxes on labor should fall.
October 24, 2011
R&D Expenses on the Rise
The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).
October 24, 2011
Hungarian MOL and Austrian RAG Cooperate for Exploration and Production in Hungary
Hungarian MOL (Magyar Olaj- és Gázipari Nyrt.) and Austrian RAG (Rohöl-Aufsuchungs Aktiengesellschaft) have signed agreements to perform activities in the exploration and development of the Inke license south of lake Balaton in Hungary, released MOL.
October 24, 2011
Rabmer Building Opens a New Subsidiary in Poland
Rabmer Building has established a Polish subsidiary. Already since last year the Polish market has been managed by eleven employees from Bydgoszcz.
October 24, 2011
Ingrid Krenn-Ditz Becomes the New Head of RBI’s PR Department
According to Raiffeisen Bank International AG’s, in November 2011 Ingrid Krenn-Ditz will take over the management of the Public Relations department.
October 24, 2011
Lenzing Expands Capacities in China
The Austrian fiber manufacturer experiences still strong growth in China. Investments will rise significantly too.
October 24, 2011
WIFO Claims Property Tax
Karl Aiginger, CEO of the Austrian Institute of Economic Research calls for a significant increase in taxation of real estate and fuel.
October 24, 2011
Schaller New CEO of RLB Upper Austria
Heinrich Schaller will succeed Ludwig Scharinger as CEO of the regional Raiffeisenlandesbank. Scharinger retires, but becomes consultant for RLB.
October 24, 2011
Construction Companies Fight for Romanian Order
Three Austrian construction companies – Strabag, Porr and Alpine – compete for a major order from the Romania railways. The order volume is € 258m.
October 24, 2011
Declining Profits for ATX Companies
Analysts expect Vienna-listed companies to report substantial lower profits. Even losses are feared.
October 24, 2011
New Co-Investor for Pecik
Ronny Pecik, who is said to have acquired a substantial stake in Telekom Austria, now has a new partner. The Egyptian Sawiris faces liquidity problems.
October 24, 2011
Subway to Restart in Austria
The U.S. fast food chain aims to return to Austria. In 2005, Subway had to leave, which was due to the insolvency of a franchising partner.
October 24, 2011
Intercell Continues Development of Vaccines
The Austrian pharmaceutical company announces first data from its Phase I clinical trial with vaccine candidate to prevent Clostridium difficile infections.
October 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
October 24, 2011
Leitl Deepens Relations to Chinese Province Jiangsu
The Austrian President of the Economic Chamber regards the Chinese province Jiangsu as an important export market and trading partner.
October 22, 2011
Victory AG Sold to China
The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.
October 22, 2011
Number of Staff Ill Decreasing
In Austria, the number of staff ill decreased slightly in 2010. On average, on 12.9 days staff was away sick. Sickness is becoming a main cause for retirements.
October 22, 2011
Negative Results for S&T
The Austrian IT service provider S&T had to report losses in the third quarter of 2011. Sales were below expectations.
October 22, 2011
Gold Remains Popular for Austrians
27% of Austrians expect higher profits from gold than from shares, bonds or investment funds.
October 22, 2011
SBO Expects „Extreme Growth“
In the long run, Gerald Grohmann, CEO of the Austrian oilfield equipment manufacturer Schoeller-Bleckmann, sees an excellent development.
October 22, 2011
Immofinanz: „Difficult Office Market“
Due to the weak economic growth, the Austrian real estate company already sees difficulties in the Austrian rental market for offices.
October 22, 2011
AT&S: Massive Investments in China
The Austrian manufacturer of conductor boards will invest € 600m for its factory in the Chinese Chongqing.
October 22, 2011
More Dividends For Agrana´s Shareholders
The Austrian fruit and starch company Agrana announces a dividend increase for the business year 2011/12.
October 22, 2011
A-Tec: Kovats to be Replaced
Mirko Kovats, CEO of the Austrian A-Tec, will be replaced from his positions in order to avoid further “disturbances”.
October 22, 2011
Warimpex Hopes for Strong Year
The Austrian real estate company holds out the prospect of a dividend payment. EBIT is expected to increase by 20% this year.
October 21, 2011
Companies Have Recovered from the Last Crisis
Revenues and profits of Austrian listed companies increased, while the number of employees dropped in 2010.
October 21, 2011
Increase in One-Day Car Registrations
One-day registrations of passenger cars January to September 2011: +11.6%; 6.0% of new passenger cars were deregistered within one day.
October 21, 2011
Pecik to Resell Stake in Telekom Austria?
The Austrian investor is reportedly planning to buy further shares and to sell the package to Russian Vimpelcom in several years.
October 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-21)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 21, 2011
OMV Raises Production and Margins
The Austrian oil and gas company increased total production by 3%. Hedges adversely impacted EBIT by € 44m in the period from July to September.
October 21, 2011
Volksbanken Group Wants to Sell its 25% Stake in Insurer Victoria
According to Wirtschaftsblatt, which is citing well informed sources, ÖVAG Österreichische Volksbanken-AG want to separate completely from Victoria Insurance by selling its shares to the Victoria’s majority owner Ergo, the unit of German Munich Re.
October 21, 2011
OMV Buys Gas Discovery from Norwegian Noreco
Norwegian Energy Company (Noreco) has entered into an agreement to sell its 20 percent share of license on Haltenbanken to Austrian OMV.
October 21, 2011
Raiffeisen as Success Guarantee for the Polish State Railways Bond
Polskie Koleje Panstwowe Spólka Akcyjna (“PKP”), the Polish State Railways, rated BBB by Fitch, successfully issued its debut international transaction in the form of a Eurobond amounting to EUR 180 million, reported the Raiffeisen Bank International.
October 21, 2011
Slovak Bank Tax Is Going to Hurt Austrian Banks
On Thursday the Slovak parliament has officially approved a bank levy. The tax is one of the measures taken by the government to strengthen the Slovak budget.
October 21, 2011
New September Record for Tourism in Vienna
The Austrian capital registered a plus in overnights of 5.0% in September 2011. Hotel revenue grew by 7.7% in the first nine months of the year.
October 20, 2011
Vienna International Airport to Cut Costs
Several savings measures should increase next year’s result by € 25m. The Skylink extension will be opened in June 2012.
October 20, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-20)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 20, 2011
Wienerberger Expects Significantly Better Results
Capacity utilization of the Austrian brick producer should increase to 65% this year, according to CEO Scheuch. Market shares have been growing recently.
October 20, 2011
Austrian Post Buys Stake in Romanian PostMaster
The deal includes an option for Austrian Post to become sole shareholder of the leading alternative postal service provider in Romania.
October 20, 2011
Austria Ranked 32nd in the “Doing Business 2012” Ranking
Doing Business 2012: Doing Business in a More Transparent World assesses regulations affecting domestic firms in 183 economies.
October 20, 2011
Plaut with Increased Sales and Earnings after Three Quarters
The consulting group, which is listed at the Frankfurt Stock Exchange, announced a 14% sales increase for the first nine months of the year. EBIT more than doubled to € 0.5m.
October 20, 2011
Growth of Industrial Producer Prices Slowed Down in August
Prices of industrial goods gained 3.2% in August 2011. Against July, the price index fell by 0.2%.
October 20, 2011
Austria - Regional Leader in E-Mobility
Roland Berger Strategy Consultants released a new study on e-mobility in Central and Eastern Europe. The study presents a comprehensive assessment of e mobility maturity in eight countries and identifies best practices.
October 20, 2011
Novomatic Continues its Success in Italy
Novomatic celebrates a historic milestone in Italy, Europe’s largest gaming market. Italy is now operating the 10,000th video lottery terminal produced by Novomatic in Gumpoldskirchen, Austria.
October 20, 2011
AT&S Reports Solid Quarterly Results
The Austrian technology company achieved record sales of € 131.4m in the second quarter. A new sales office in Taiwan will be opened soon.
October 20, 2011
VIG Acquires Jahorina Insurance in Bosnia and Herzegovina
The Vienna Insurance Group AG Wiener Versicherung Gruppe is the new majority shareholder in the Jahorina Osiguranje AD Pale (Jahorina) insurance company in the Republic of Bosnia and Herzegovina.
October 20, 2011
Strabag Wins Major Contract in Oman
The Austrian construction group’s local subsidiary was commissioned to build the infrastructure extension of a port. The order has a volume of € 150m.
October 20, 2011
Collective Bargaining Starts in Trade Sector
After the complicated negotiations between employers and the trade union of the Austrian metal industry, the trade sector continues. 520.000 workers are concerned.
October 19, 2011
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