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RH Warns: Alarming Increase in Public Debt
Austrian government debt is growing rapidly. From 2006 to 2010, government expenditures went up by 18.2%.
September 15, 2011
RHI to Start Production in Brazil in 2013
The Austrian producer of refractory materials invests € 85m in a first step. The new plant will have an annual production capacity of 60,000 tons.
September 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
September 15, 2011
Employment Numbers Rose in the Second Quarter
Number of employed increased, number of unemployed decreased, more vacancies in the second quarter of 2011.
September 15, 2011
Inflation Falling Slightly in August
Consumer price inflation dropped to 3.4% in August. Above-average price increases were registered for traffic and household energy.
September 15, 2011
Construction Costs Continue to Increase
August brought a further rise in construction costs: +2.3% against 2010, +0.3% compared to July 2011.
September 15, 2011
Austrian Households with Second Lowest Debt Ratio in Western Europe
A lower ratio was only recorded for Belgium. In the year 2010, Austrians’ gross financial assets averaged € 59,346.
September 14, 2011
Decline in Savings Deposits Continues
Business development of Austrian banks in the first half of 2011: Balance sheet total grows; volume of demand and fixed-term deposits increases.
September 14, 2011
Firms Budget 2.8% Wage Increase
Top management of Austrian companies will likely benefit from the highest pay rise next year.
September 14, 2011
Erste Group Increases Stake in Romanian BCR
The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.
September 14, 2011
EnBW with New Attempt to Sell Stake in EVN
The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.
September 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
September 14, 2011
East Coast Minerals Reaches Milestone in Lithium Project
Exploration and mining licenses for the lithium deposit in Carinthia have been transferred to the Australian company.
September 14, 2011
AMSC Cuts Jobs in Austria
The Amercian Superconductor Corporation (AMSC) decided to cut 150 jobs at its subsidiary Windtec. In Austria, 40 positions are concerned.
September 13, 2011
Vienna Insurance Group: Market entry in Bosnia-Herzegovina
The Vienna Insurance Group AG has signed a contract to acquire a majority stake in the insurer Jahorina Osiguranje AD Pale (Jahorina) in Bosnia-Herzegovina after successfully concluding due diligence.
September 13, 2011
Hammerer Aluminium: € 8.5m Investment for Austrian Industrial Location
The aluminum company Hammerer Aluminium Industries (HAI) enlarges the headquarters location in Ranshofen, Austria.
September 13, 2011
„Education at a Glance“: Austria Falls Behind
According to the study of the OECD, Austria has a slightly rising level of graduates. Nevertheless, the difference to the OECD average is still substantial.
September 13, 2011
Immofinanz 2011 Convertible Bond Conversion Period Ends October 6
The Austrian real estate company Immofinanz informs, that the conversion of the convertible bonds 2011 is possible only until 06 October 2011 at 4.00 pm (CET).
September 13, 2011
No Common Trend for CEE-Countries
Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.
September 13, 2011
Marzek Etiquettes Expands in Ukraine
The Austrian manufacturer of etiquettes takes over the Ukrainian subsidiary by 100%.
September 13, 2011
Westbahn Company to Provide Bus Service
The new Austrian competitor to the Federal Railways (ÖBB) intends to extend its transport services to bus lines.
September 13, 2011
FMA: Negative Performance of Austrian Pension Funds
The Financial Market Authority (FMA) reports a negative performance of Austrian pension funds for 2011: total return amounted to -1.2% for the first six months.
September 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-13)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
September 13, 2011
Passenger Growth for Vienna International Airport
Vienna Airport: 4.3% increase in passengers during August 2011. From January to August, the number of passengers rose by 7.5%.
September 13, 2011
New Difficulties for Brenner Tunnel
The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.
September 12, 2011
Austrian Minister of Science: € 1.00bn for Universities
Karlheinz Töchterle (ÖVP), announced that Austrian universities may receive € 1.00bn from 2013 to 2015 separately. However, critics already commented the plan.
September 12, 2011
New Road Construction Project in Bulgaria for Alpine
Rehabilitation of 109 km of road - Contract value: € 20 m - 24-month construction period.
September 12, 2011
Austrian Textile Industry is Optimistic
The Austrian Chamber of Commerce sees a positive development in the domestic textile industry, especially in the export sector.
September 12, 2011
CEE-Region Remains Essential for Austrian Insurance Companies
According to a current market survey of Fitch, the CEE region plays a central role for domestic insurance companies. There is still growth potential.
September 12, 2011
Austrian Telekom: Social Democrats Warn of „Unfriendly Takeover“
For the executive director of the SPÖ, Günther Kräuter, “a new major shareholder from Egypt or Russia would be problematic.”
September 12, 2011
Austria Considers Lawsuit Against Hungary
The Austrian Minister of Foreign Affairs, Michael Spindelegger (ÖVP) threatens Hungary to file a lawsuit at the European Court of Justice. Hungary plans to stress banks massively.
September 12, 2011
CA Immo Sells Major Stake of Skyline Plaza
Together with ECE, the Austrian real estate company sells a 80% stake on the project Skyline Plaza, which is a shopping center in Frankfurt, Germany.
September 12, 2011
Trumpf Austria: „European Quality and Asian Cost Level“
In the last business year 2010/11, Trumpf Maschinen Austria was able to report substantial growth. The Austrian subsidiary of the German company still experiences no downturn of the business cycle.
September 12, 2011
Significant Growth for Austrian Leasing Business
In the first term of 2012, Austrian leasing companies experienced a 25%-growth. Total business volume amounted to € 3.3.bn.
September 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-12)
Daily News-Flash from the Vienna Stock Exchange: Winners and Losers, Upgrades and Downgrades.
September 12, 2011
The 2012 Viennese Opera Ball in New York
Dignitaries, Diplomats and Debutantes will open the 57th Viennese Opera Ball in New York on Friday, February 3, 2012.
September 12, 2011
New Major Shareholder for Telekom Austria?
After the exit of a U.S. fund, investor Ronny Pecik might acquire a substantial stake in the Austrian telecommunication group.
September 9, 2011
Investment Funds with Negative Performance in August
The average one-year performance was -1.36%. Only 675 out of 1,615 funds showed a positive performance.
September 9, 2011
Economic Downturn Reaches Austria
A current survey indicates an imminent deterioration of the Austrian economy. Researchers don’t expect a recession but a clear downward trend.
September 9, 2011
AUA Traffic Result: All-Time Record in August
The total number of passengers of the Austrian carrier increased by 1.7% year-on-year despite a decline on international routes.
September 9, 2011
New Job for Former Finance Minister Pröll
Siemens Austria reduces the size of its Executive Board and appoints the former politician to its Supervisory Board.
September 9, 2011
Austrian Economy 2010: Noticeable Recovery
According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.
September 9, 2011
New Car Registrations Up by 4.8% in August
Registrations of new motor vehicles in August 2011: +4.2%; passenger cars: +4.8%, lorries: -0.3%.
September 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-09-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
September 9, 2011
Miba Reports Strong Growth in Sales
The Austrian component supplier achieved a sales increase of 38.5% in the first half of FY 2011/12. EBT amounted to € 28.6m, slightly higher than in the previous year.
September 9, 2011
Verbund Expects Drop in Earnings
The Austrian electricity group announced an update of its investment plan and provided guidance on its financial outlook for 2011 and 2012.
September 9, 2011
Retail Trade with Significant Drop in Revenue in July
Adjusted for inflation, revenue of the Austrian retail companies declined by 4.6% compared to the previous year.
September 8, 2011
C-Quadrat Receives Management Mandates with a Volume of € 300m
The Austrian fund company will assume the mandates from Germany’s third-largest insurance group in the fourth quarter.
September 8, 2011
Emporia Hires Boris Nemsic as Advisor
The telecom expert was appointed to the advisory board of the Upper Austrian manufacturer of mobile phones for elderly people.
September 8, 2011
Saloon Talks in Polish Ambassy: „Europe Needs New Leadership“
In the Polish Ambassy in Vienna, the former Prime Ministers of Poland, Aleksander Kwasniewski and Austria, Wolfgang Schüssel, talked about their vision for the European Union.
September 8, 2011
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