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Vienna Insurance Group Merges Bulgarian Subsidiaries
The Austrian insurance corporation intends to strengthen its market presence via the merger of Bulstrad and Bulgarski Imoti,
October 5, 2011
BMW Austria Fears Lack in Skilled Labor
The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.
October 4, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
October 4, 2011
Androsch „Another Three to Four Billions for Hypo Group“
The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”
October 4, 2011
Kovats Blames Creditors and Penta
Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan
October 4, 2011
Cooperation Between Kapsch and Asfinag Extended
Austrian Kapsch TrafficCom and Asfinag Mautservice GmbH set out a framework agreement on the operations and maintenance contract for the nationwide electronic truck toll collection system in Austria until the end of 2018.
October 4, 2011
Funding Situation for S&T Secured
The Austrian IT-company could successfully conclude an agreement on capital increase and debt relief of banks.
October 4, 2011
Ranking: Austria Among the Most Non-Transparent Financial Centers Worldwide
Today, the Financial Secrecy Index (FSI) of the Tax Justice Network (TJN) has been published. 73 countries have been analyzed.
October 4, 2011
UniCredit and Raiffeisen to Expand in Russia
The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.
October 4, 2011
Czech RWE-Subsidiary Plans Pipeline Through Austria
The operators of a gas pipeline “5GL” in the Czech Republic, Austria, Bavaria and Slovenia are considering to build a new pipeline connecting the Souther Czech Republic with Italy and Slovenia.
October 4, 2011
Mitterlehner: „Settlement of Headquarters Key Question for Austria“
The Austrian Minister of Economics, Reinhold Mitterlehner, wants to push the development of the domestic location through improving framework requirements steadily.
October 4, 2011
Atrium Appoints New CFO
The Vienna-listed Atrium European Real Estate Limited, a real estate company focused on shopping centres in Central and Eastern Europe, announces the appointment of David Doyle as CFO, with effect from 1 January 2012.
October 4, 2011
S Immo Decides to Launch Share Repurchase Programme
The share repurchase programme of the Austrian real estate Group starts on 6 October 2011.
October 4, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
October 3, 2011
OMV: Withdrawal from Czech Republic Possible
The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.
October 3, 2011
Bewag Achieved Turnaround
The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.
October 3, 2011
Hostile Takover of Telekom Austria?
According to market rumors, Telekom Austria prepares measures against a potential takeover. Currently, the corporation faces several troubles.
October 3, 2011
Upward Trend in CEE Real Estate Market
Erste Group: “CEE Real Estate stocks with upside potential of 15%, profitability lags behind”. The upward trend in CEE is driven by low vacancy, strong occupier demand and low pipeline.
October 3, 2011
Potential for Austrian Suppliers in Spain
The Austrian AWO started a market exploration journey to Spain in order to create first business contacts. In the first term of 2011, exports to Spain grew by 6.6%.
October 3, 2011
Dispute Over A-Tec´s Liquidation
After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.
October 3, 2011
Dutch Imtech Acquires Austrian Comnet
The Dutch Imtech (technical services provider in Europe) announces that it acquires the Austrian ICT company Comnet. This acquisition will strengthen Imtech’s position in the Austrian ICT market.
October 3, 2011
Rising Turnover in Austrian Retail Trade
Stimulation of trade in August 2011 - turnover in Austrian retail trade increased by 4.0%.
October 3, 2011
Czech Railways Orders 16 Railjets from Vienna
Major Order for Siemens Austria from the Czech National Railways Ceske Drahy: the railway group exercises an option, which was reserved for the Austrian Federal Railways originally.
October 3, 2011
Major Bond Issue at EVN
On October 3, 2011, the management board of EVN set the parameters for the issuance of a bond.
October 3, 2011
A-Tec: Investors Call Kovats to Resign
The founder and CEO of the Austrian technology group A-Tec Mirko Kovats comes under fire. Wilhelm Rasinger from the Austrian investor´s representation asks Kovats and the liquidator Matthias Schmidt to step down.
October 3, 2011
Nabucco Bids for Gas Field in Azerbaijan
The Asiatic country will publish its decision by the end of 2011. Three candidates submitted their offers.
October 1, 2011
Economic Crisis: Austrians Pessimistic
The majority of Austrians thinks that the economic crisis will persist and will become even worse.
October 1, 2011
Erste Group´s CEO: „The Situation is Serious“
Andreas Treichl, CEO of the Austrian Erste Group considers to delay the repayment of the Bank Aid.
October 1, 2011
Chinese Interest for ATB
After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.
October 1, 2011
Springer Shows Interest for „Krone“ and „Kurier“
The German media group is willing to purchase the major stakes of the Austrian newspapers “Krone” and “Kurier” held by the German WAZ (Westdeutsche Allgemeine Zeitung).
October 1, 2011
Nabucco Welcomes Bayerngas’ Intent to Become New Shareholder
Nabucco Gas Pipeline International GmbH welcomes Bayerngas’ intent on becoming one of the Nabucco shareholders. Negotiations with the six current shareholders will begin immediately to determine the future share split within the consortium.
October 1, 2011
TGW Aims for China and Brazil
The Austrian logistics company currently realizes its biggest orders in its history. Moreover, TGW intends to expand substantially.
October 1, 2011
Slight Increase in Unemployment
Austria´s unemployment grew by 1.9% in September 2011. The main reason is the lower number of trainings.
October 1, 2011
A-Tec to be Dissolved
The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.
October 1, 2011
RHI Buys Irish Raw Materials Producer
The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.
September 30, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-30)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
September 30, 2011
Sergey Monin Appointed as CEO of Raiffeisenbank in Russia
He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.
September 30, 2011
Tiger Coatings Continues Expansion in China
The Upper Austrian producer of industrial coatings will open a new plant in western China. Group turnover will amount to € 175m in 2011.
September 30, 2011
Kresta Takes Over Swiss Buss ChemTech
The newly acquired company will become the technology center of the Austrian plant building company.
September 30, 2011
Hirsch Servo Implements Long-Term Financing Plan
The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.
September 30, 2011
Strabag Awarded Motorway Project in Poland
Two subsidiaries of the Austrian construction group lead the consortium which signed a contract worth € 120m. The group’s share is 55%.
September 30, 2011
Wifo/IHS: 2012 Brings Collapse of Economic Growth
The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.
September 30, 2011
Public Debt Increased to 71.8% of GDP in 2010
Austrian public finance 2010: Public deficit up to 4.6%, public debt grew by 2.3 percentage points.
September 30, 2011
New Chief Financial Officer for Immofinanz
Birgit Noggler was appointed to the Executive Board of the Austrian real estate company. She will take up the post on 1 October.
September 30, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-29)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
September 29, 2011
Strabag Realizes € 250m High-Rise Project in Berlin
The Austrian construction group will invest € 250m in a property in prime capital location. Completion of the project is expected in 2015.
September 29, 2011
Hypo Alpe Adria Needs More Time to Build Up Capital
The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.
September 29, 2011
Andritz Not Affected by Belo Monte Construction Stop
The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.
September 29, 2011
Voith Hydro Receives Major Order from Russia
The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.
September 29, 2011
ÖBB with Positive Operating Result in First Half of 2011
The Austrian Federal Railways continue their restructuring program. Management expects to leave the loss zone by 2013.
September 29, 2011
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