Sponsored Content
Latest News
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
Intercell: EU Invests € 30m in Research Program
The Austrian pharmaceutical company will receive co-funding for a collaborative research project from the European Union.
September 29, 2011
Kelag to Invest € 70m in Bosnia-Herzegovina
The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.
September 29, 2011
Growth in Industrial and Construction Turnover Slows Down
Opposing production trends in industry and construction in June 2011; turnover +4.5%. Energy supply and metal industry are dominant factors.
September 29, 2011
Construction Output Increasing by 1.2% from January to June
Austrian output of construction in the first half of the year: construction of buildings +6.8%, civil engineering -6.6%. Volume of orders grew by 4.1%.
September 29, 2011
Strong Decline in Company Insolvencies
The number of private insolvencies rose rapidly from January to September, while the number of companies filing for bankruptcy dropped significantly.
September 28, 2011
Spindelegger Wants New Impetus for Nabucco
The Austrian Vice-Chancellor calls for a quick realization of the pipeline project which is stalling at the moment.
September 28, 2011
Stagnation in Food Retail Sector
Total revenue of the sector grew by only 1.9% in 2010. The market is ruled by retail chains which own 98% of total selling space.
September 28, 2011
VIG to Start Due Diligence on Warta in October
The Austrian insurance group intends to grow on the Polish market. An acquisition would double its premium income in the country.
September 28, 2011
VBAG: No Repayment of State Aid in 2011
The Austrian bank’s low equity capital base does not allow repayment of the first € 300m tranche of state capital.
September 28, 2011
Gas Cartel Investigations Continue
Another office has been searched on Wednesday. Austrian oil and gas company OMV does not see itself in the focus of prosecution.
September 28, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-28)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
September 28, 2011
A-Tec: Kovats Cancels Sale to Contor
The Austrian conglomerate needs another € 90m in order to fulfill the restructuring plan. A new general meeting will be held.
September 28, 2011
Cartel Suspicions Against OMV
The Commission of the EU suspects ten gas companies of market abuse. The Austrian OMV wants to cooperate with the authorities.
September 27, 2011
Red Bull Intends to Enter China
The Austrian energy drink producer has concluded the technical test phase. The market entry into China is now within splitting distance.
September 27, 2011
Siemens VAI: Major Order from South Korean Steel Industry
The Austrian Siemens VAI Metals Technologies has received the order to build a steelwork. The factory´s capacity should be 2m tons per year.
September 27, 2011
Intercell Looking for Private Equity Shareholder
According to Bloomberg, the Austrian pharmaceutical company negotiates with potential investors in order to strengthen the equity base.
September 27, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-27)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
September 27, 2011
Austria Catches Up as IT Business Location
According to the Economist Intelligence Unit, Austria could improve its position as IT business location and went from rank 22 to rank 17.
September 27, 2011
Rising Turnover in Austrian Advertising Market
After the turbulences in 2009, the domestic advertising market could continue its positive trend from 2010. Within the first eight months, turnover grew by 7.9%.
September 27, 2011
Tann´s Export Quota Reaches 100%
The Austrian special paper manufacturer benefits from the economic upswing in Eastern Europe. Exports are booming.
September 27, 2011
Donau Chemie Builds Factory in Hungary
The Viennese chemical group builds a hydrochloric acid factory near the Hungarian capital Budapest for € 6m.
September 27, 2011
BP Plans Rival Project to OMV´s Nabucco
The British Petrol Corporation intends to open up new gas fields in the Caspian region. BP is thus a new competitor for the Austrian OMV.
September 27, 2011
Lenzing Confirms Weninger as CEO
The Austrian fiber manufacturer Lenzing Extends Management Board Mandate of Friedrich Weninger.
September 27, 2011
Level of General Financial Education in Austria “Not Satisfactory”
Latest survey shows: 4 in 10 Austrians don’t even know where to start when defining term “interest”.
September 27, 2011
Atrium Completes the € 191m Acquisition of Palac Flora in Prague
The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.
September 27, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
Porr Cooperates with German InterCityHotel
In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.
September 26, 2011
Strong Order Intake for Head
The Dutch and Vienna-listed sports article manufacturer Head records rising sales. Expectations for 2012/2013 are stable.
September 26, 2011
Better Transport Connection for Flughafen Wien
The Vienna International Airport will receive a better train connection. Flight guests, which are not coming from Vienna will arrive significantly faster at the airport.
September 26, 2011
World Tourism Day 2011: Guests from 50 Countries Visit Austria
According to statistics Austria, the diversification of the guest´s nationalities further increased. Culture-oriented travels become increasingly important.
September 26, 2011
Demanding Sale Program for OMV
Gerhard Roiss, CEO of the Austrian oil and gas company OMV announced to sale assets of more than € 1.0bn.
September 26, 2011
Rise in Turnover for Verkehrsbüro
The Austrian travel agency group records a rise in turnover up to € 850m.
September 26, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-26)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
September 26, 2011
New Subsidiary for Rabmer Bau in Poland
The Austrian construction group, which is spezialized in renovating canal systems, established a new company in Poland.
September 26, 2011
“Austrian Exports to Turkey to Double“
According to the Austrian Chamber of Commerce in Istanbul, Austrian companies could benefit strongly from the persisting economic boom in Turkey.
September 26, 2011
Drastic Decrease in Profits for Immofinanz Group
The Austrian real estate company records increasing rental income in the first quarter of 2011/12. The decline in profits is due to foreign exchange effects.
September 26, 2011
Teak Holz Cancels Capital Increase
The Upper Austrian timber company will delay its expansion to a later point in time. Forest management and other projects are not affected by the decision.
September 24, 2011
C-Quadrat Plans to Close Its Fundbrokerage Business
The Austrian fund company will focus exclusively on its asset management core business segment.
September 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-23)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
September 23, 2011
Kneissl to Be Taken Over by Foreign Investor
Negotiations about the sale of the bankrupt Tyrolean ski producer are about to be concluded. Three investors from Europe and overseas are still interested in an acquisition.
September 23, 2011
Production Index Up by 4.4% in July
Production index in July 2011: +4.4% compared to July 2010, -1.3% against June 2011.
September 23, 2011
Summer Season 2011: New Record of Arrivals
The number of nights spent in Austria increased by 2.1% in the period from May to August. Arrivals went up by 4.3%.
September 23, 2011
Fast News Search
