Latest News

SkyWork Launches Services to Vienna

The Swiss Airline now provides flights to the Austrian capital.

September 6, 2011

Slight Decrease in Profits for Zumtobel

The Austrian lighting company reports rising revenues in the first quarter 2011. Profits are declining.

September 6, 2011

Ex-Chancellor Schüssel Resigns from Parliament

Wolfgang Schüssel retires from the political stage as a consequence of the market manipulation and corruption affair at Telekom Austria.

September 5, 2011

“Telekom, Post and OMV Could Be Privatized Immediately”

Karlheinz Kopf calls for privatizations in the infrastructure sector. Last year, the Austrian state earned € 244m from its shareholdings.

September 5, 2011

CEO of Raiffeisenbank Russia Dead

Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.

September 5, 2011

Noricum Announces Significant Gold Mineralization at Austrian Projects

The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.

September 5, 2011

New Management for Vienna International Airport

The new Management Board team Julian Jäger and Günther Ofner start work today with key decisions and clear strategic goals

September 5, 2011

Immofinanz Continues Sale Program in Austria

The Austrian real estate company reported the successful implementation of its five-year sale program. By 31 July property sales had generated proceeds of € 665.4m.

September 5, 2011

A-Tec Accepts Offer of Contor Industries

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

September 5, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-05)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

September 5, 2011

Property Tax : € 25.000 for Every Rich Person?

The Austrian Socialist Party (SPÖ) claims to introduce property taxes. About 80.000 people in Austria would be concerned.

September 5, 2011

ZKW Expands Rapidly

The Austrian component supplier raises its production significantly. A new factory site in China has been opened.

September 5, 2011

Emporia has Expansion Plans

The Austrian manufacturer of mobile phones for elderly persons intends to enter the US and the Russian market.

September 5, 2011

Cineplexx Grows Further in SEE Region

The Austrian cinema group takes over two major cinemas in Serbia and Montenegro. Thus, Cineplexx already runs five cinemas in former Yugoslavia.

September 5, 2011

S&T Signs Partnership with Quanmax

A Term sheet on investor participation between the two Austrian IT-companies has been signed.

September 5, 2011

Fekter: No Nationalization of VBAG

The Austrian Finance Minister has the right to nationalize the bank if it does not pay a dividend on the state’s € 1bn of participation capital.

September 2, 2011

Raiffeisen Centrobank Reports Increase in Profit

Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.

September 2, 2011

Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn

The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.

September 2, 2011

August Brings First Rise in Unemployment Rate in 17 Months

First signs of a weakening labor market: The number of unemployed rose by 0.4% to 219,247 in August. Job vacancies were down 6.7%.

September 1, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-01)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

September 1, 2011

voestalpine Merges Subsidiaries in the Automotive Division

The structural parts group of the Austrian steel company’s automotive division is united within voestalpine Stamptec.

September 1, 2011

A-Tec: Kovats to Step Back by Year-End

The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.

September 1, 2011

Strong Growth in Lending to Private Households

Loan development in the second quarter: Total lending volume grows; opposing trends are registered for new loans to enterprises and private households.

September 1, 2011

Vienna Stock Exchange Launches New Sector Indices

The new indices cover stocks from basic industries, consumer products and services, financials, and industrial goods and services

September 1, 2011

Manner: Results Burdened by High Commodity Prices

The Austrian candy manufacturer posted a loss of € 2m in the first six months of the year. Revenue increased by almost 11%.

August 31, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-31)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

August 31, 2011

Alpine Reports Drop in Earnings

Austria’s second largest construction group incurred a loss of € 3.1m in the first half of the year. Strong growth in construction output was offset by increasing material and personnel expenses.

August 31, 2011

VIG Merges Polish Subsidiaries

The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.

August 31, 2011

Wifo Cuts Growth Forecast for 2012

The research institute sees the current economic upward trend coming to an end but does not expect a recession in Europe.

August 31, 2011

Jaan Albrecht to Become CEO of Austrian Airlines

After ten years as CEO of Star Alliance the German-Mexican dual national will head the Austrian carrier starting on 1 November.

August 31, 2011

Austria Confirms Top Ranking in EU Unemployment Statistics

The Austrian unemployment rate continued to decline in July. It dropped to 3.7% from 3.9% in June.

August 31, 2011

Fabasoft: Decline in EBIT despite Sales Growth

The Austrian software company recorded mixed results in the first quarter of its fiscal year. Revenue increased by 4.2%, EBIT turned negative and amounted to € -152,000.

August 31, 2011

bwin.party in the Red

The Austro-British gambling group reported a loss before tax of € 35.7m for the first half of the year. Total revenue dropped by 3% to € 398m.

August 31, 2011

Strabag Posts Positive Semi-Annual Earnings for the First Time

The Austrian construction company recorded outstanding results in the first half of the year. Output volume grew by 17%, EBIT improved from € -10.36m to € 16.67m.

August 31, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-30)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

August 30, 2011

Novomatic Continues on Growth Course

The Austrian gaming machine manufacturer achieved a plus in revenue of 17% in the first half of the year. EBIT remained stable at € 108.6m.

August 30, 2011

RZB Reports Significant Increase in Profit

Profit before tax for the period up 60.5% to € 877m, with consolidated profit increasing 21.5% to € 488m. Net allocations to impairment loss provisioning were reduced by 32%.

August 30, 2011

Strong Growth in Industrial and Construction Turnover

Positive production trends in industry and construction in May 2011; total turnover up 18.7%. Automotive industry and engineering are dominant factors.

August 30, 2011

Slight Increase in Construction Output

Austrian output of construction of buildings and civil engineering increased by 1.9% in the period from January to May 2011. Volume of orders grew 7.9%.

August 30, 2011

C.A.T. oil: EBIT Burdened by Higher Depreciation Expenses

The Lower-Austrian provider of oil and gas field services reported mixed results. Revenues increased by 24.4%, EBIT declined by 19.4% to € 10.0m.

August 30, 2011

Negative Result for Warimpex

The Austrian real estate company recorded a loss of € 3.2m in the first half of the year. EBIT fell from € 13.4m to € 7.6m.

August 30, 2011

S Immo: Earnings more than Doubled in the First Half of 2011

The Austrian real estate company recorded EBIT of € 51.3m, up 70.6% year-on-year. Net income doubled to € 10.1m.

August 29, 2011

ADX: Sidi Dhaher Well Spudded

The Austro-Australian oil and gas exploration and appraisal company started drilling operations for the Tunisian exploration well.

August 29, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-29)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

August 29, 2011

Decline in Profit for Hypo Lower Austria

The Austrian regional bank achieved net profit of € 16.4m in the first six months of 2011. Net interest income increased to € 75.8m

August 29, 2011

OMV Affected by Sanctions against Syria

The Austrian oil and gas company does not have a local production but buys 7% of its oil supplies from the Arabic country.

August 29, 2011

Strabag Bores New Tunnel in Canada

The Austrian construction group won a € 200m contract for a wastewater tunnel in the Greater Toronto Area. It is a follow-up order after completion of tunneling below Niagara Falls.

August 29, 2011

Kneissl: Decision about Sale to Be Taken in September

Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.

August 29, 2011

Rapid Increase in Household Energy Prices

Austrian energy prices rose by 10.9% year-on-year. Diesel and gasoline were main drivers with a plus of 19.3% and 14.2%, respectively.

August 29, 2011

HTI Continues Positive Development in Second Quarter

The Austrian technological group recorded a plus in revenues of 7.1% in half-year comparison. The net result improved by € 3m to € 2.2m.

August 29, 2011