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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
Corruption Suspicions Against Penta
The Czech-Slovak investment company, which also bid for the Austrian A-Tec, is accused to have paid bribes to the Czech Minister of Finance.
October 19, 2011
Austrian Railways to be Widened
The EU Commission declares the Austrian South Axis to be strategically important.
October 19, 2011
GM Makes Major Investment in Austria
The U.S. corporation invests € 50m in its Viennese powertrain factory.
October 19, 2011
ATB Sold to Chinese Wolong Group
The Austrian ATB company, a former subsidiary of the insolvent A-Tec Group, goes to the Chinese engineering corporation Wolong.
October 19, 2011
Austrian Budget: 3.2% Deficit in 2012
Today, the Austrian Minister of Finance, Maria Fekter, presented the budget for 2012. The debt quota rises further until 2015.
October 19, 2011
Austria with the Best Situation on the Real Estate Market in the Region
Austria, the Czech Republic and Poland are the three countries from Central Europe, where the condition of the property market according to the banks’ opinion is the best – states the KPMG’s research - CEE Property Lending Barometer 2011.
October 19, 2011
U.S. Investor Buys 44% Stake in Leica
The U.S. investment fund Blackstone acquired 44% in Leica Camera from the Austrian investor Andreas Kaufmann.
October 19, 2011
Update Software Reports Positive Earnings
The Austrian software provider update software, which is listed at Frankfurt Stock Exchange, recorded a rise of 28% in sales. EBIT turned into the black zone.
October 19, 2011
29 Austrian Companies Ranked in "EU Industrial R&D Investment Scoreboard"
Benteler International, Voestalpine, Borealis, Intercell, Zumtobel are the first five Austrian firms in the “EU Industrial R&D Investment Scoreboard”. The ranking was prepared by the European Commission.
October 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
October 19, 2011
Small Increase in Used Car Registrations
Registrations of used motor vehicles in Austria from January to September 2011: +0.8%; passenger cars +0.2%.
October 19, 2011
U.S. Company Claims $ 25m From Andritz
The U.S. company Ovalstrapping accuses the Austrian technology Company Andritz to have copied its technologies. Andritz defends itself.
October 19, 2011
Alpine Has Completed „Yellow River Diversion Projekt“ in China
The 25,386-meter Pinglu Tunnel, part of a gigantic water supply project designed to supply China’s dry regions with water from the “Yellow River,” was completed after five years of construction, reported the Austrian constriction company Alpine.
October 19, 2011
Alpine’s Annual Reports Honored in New York City
The Alpine construction company’s communications team swept the board at this year’s “International ARC Awards” in New York City.
October 19, 2011
Vienna Again Among Top 5 in Innovation Cities Global Ranking
Boston came first again in a field of 331 cities in the Innovation Cities Global Index. This year’s among top five cities apart from Boston were San Francisco, Paris, New York and Vienna. Prague was 43th, Budapest 47th.
October 19, 2011
Warsaw is Going to Have a Second Airport
According to plans, Modlin airport authorities expect regular international and domestic airlines connections to start in autumn next year.
October 18, 2011
Growth of CEE Region Under Threat from Eurozone Crisis
The EBRD research is predicting a slow-down in emerging Europe’s economic growth next year with the continuing eurozone sovereign debt crisis posing challenges to recovery from the 2008-09 global financial crisis.
October 18, 2011
Spectacular Surge in Profits of CEE Technology Companies
The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.
October 18, 2011
Raiffeisen's Comment on Current Developments of CEE Eurobonds
Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.
October 18, 2011
Warsaw Stock Exchange, the Financial Hub of CEE
The 4th Warsaw-CEE Financial Hub conference will be held on 30th November 2011 in the Listing Room of the Warsaw Stock Exchange under the honorary patronat of the Polish President Bronislaw Komorowski.
October 18, 2011
Hypo Group: „Need Time, not Cash“
Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.
October 18, 2011
Lower Profits for Verbund´s Subsidiary Sorgenia
Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.
October 18, 2011
Strabag: No Bonus for Retail Investors
The Austrian construction corporation Strabag SE core shareholders will not grant a monetary bonus to retail investors.
October 18, 2011
FMA Investigates Against Treichl
The Austrian Financial Market Authority has severe suspicions against Erste Group´s CEO Andreas Treichl.
October 18, 2011
Greek Haircut Would Cost Another € 350m
Austrian banks still have a substantial exposure in Greece. A haircut up to 60% seems possible. Then, another € 350m would have to be written off.
October 18, 2011
Austrian Industry Shows High Degree of Internationality
During the last decades, the Austrian industry could gain importance, which is contrarious to the European trend. In meantime, Austria has the fourth highest degree of industrialization in the EU.
October 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
October 18, 2011
Online Shopping is Booming in Austria
45% of the Austrian population already practiced online shopping. The share of enterprises using mobile broadband connections rose significantly against 2010.
October 18, 2011
Solution Found: Wage Increase by 4.2%
After heated debates and strike threats, representatives of the Austrian metal industry and the trade union came to an agreement.
October 18, 2011
Verbund Signed a € 750m Credit Facility
The Austrian energy corporation secures funding for a period of five years. A credit facility from January 2005 has been replaced.
October 18, 2011
Do & Co Expands in Ukraine
The Turkish-Austrian catering company provides its services also in Ukraine. Here, CEO Attila Dogudan expects further growth opportunities.
October 18, 2011
Metal Industry: New Bargaining Rounds
The Austrian trade union of metal workers and industry representatives could avert a strike. However, a compromise is still not found.
October 17, 2011
Casinos Austria to Enter Vietnam
The Austrian gambling company will operate a casino in a luxury hotel in the Vietnamese capital Hanoi. Further expansions are planned.
October 17, 2011
Stagnation Expected in Austria for 2011
Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.
October 17, 2011
Telekom Austria Appoints Group Compliance Manager
Telekom Austria is going to hire a renowned expert to modernize the company’s compliance management as a relevant countermeasure to guarantee clean business practices.
October 17, 2011
€ 4.0bn Capital Requirement for Austrian Banks
After the industrialist Hannes Androsch, also the Vice-President of the Austrian Central Bank (OeNB), Wolfgang Duchatczek, sees a need to support domestic banks.
October 17, 2011
Pecik Acquires Minor Stake in Telekom Austria
The Austrian investor now enters the Vienna-listed Telekom Austria Group. For the time being, Pecik holds a 5.4% stake.
October 17, 2011
VIG Upgraded by Raiffeisen
Current talks of bank recapitalization can in the view of Raiffeisen Research be a positive trigger for the insurance sector.
October 17, 2011
Rents in Vienna Still on the Rise
Since the beginning of 2011, rents on the Viennese rental market increased by 2.0%. On average, the rent for one square meter is € 13.00.
October 17, 2011
Moderate Price Increase in Civil Engineering
Austrian Construction cost September 2011: smaller increase in residential building than in civil engineering.
October 17, 2011
Austrian-Czech Technology Cooperation Opportunities
The Embassy of the Czech Republic in Vienna, in cooperation with the Lower Austria Chamber of Commerce hosts on 18 October 2011 a technology seminar.
October 17, 2011
Austria´s Manufacturing Industry Maintains its Competitiveness
Austrian goods exports rose significantly since 1995. According to a study of the Austrian Central Bank (OeNB), this is mainly due to a higher degree of competitiveness.
October 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
October 17, 2011
Austrian Motor Vehicle Industry Prospers
Vehicle production recovered completely in 2010 – high commodity prices hindered significant earnings growth. In 2011, sales will reach € 14bn again.
October 17, 2011
The Intended VIG Acquisition of Polish Warta Faces a Tough Competition
According to the Polish daily Rzeczpospolita, analysts estimate the value of the Polish insurer Warta at € 230-340m.
October 17, 2011
CEE Less Vulnerable to Severe Economic Crisis
The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.
October 17, 2011
Erste Bank Hungary Opens Home Savings Bank
According to Imre Szatno. the deputy head of retail division of Erste Bank in Hungary, quoted by Budapest Business Journal, the Erste Group has launched its own home saving bank.
October 17, 2011
Austrian Metal Industry: Strike Threatens
After a warning strike on Friday, representatives of the metal industry and the trade union still reached no agreement. Now, a full strike threatens.
October 15, 2011
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