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Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 2011
Foreign Trade Volume Keeps Growing
Austrian imports and exports both increased by more than 20% in the period from January to May 2011. The global foreign trade balance showed a deficit of € 2.59bn.
August 5, 2011
BWT’s Results Better than Expected
Net earnings of the Austrian water technology company declined from € 9.0m to € 7.2m. Analysts expected € 6.3m.
August 5, 2011
Erste Group Strives for Full Control over Romanian BCR
The Austrian bank does not want its Romanian subsidiary to be listed at the stock exchange although it was a condition for the privatization.
August 4, 2011
Suspicion of Price Fixing in Building Material Industry
Inspections have taken place at several companies since the beginning of the week. Big players of the industry are also under suspicion.
August 4, 2011
AUA vs. Emirates: Negotiations Postponed to Fall
Two days of talks have not brought a solution to the dispute about Emirates’ air rights to Vienna. A decision will be taken in fall.
August 4, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 4, 2011
The Austrian Trade Commission in Los Angeles
The Austrian Trade Commission in Los Angeles is a point of contact for products/specific information of the following sectors: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.
August 4, 2011
The Austrian Trade Commission in Chicago
The Austrian Trade Commission in Chicago is a local link to Austrian companies, products and services and Austria as an investment location in the heart of Europe.
August 4, 2011
The Austrian Trade Commission in Washington D.C.
The Austrian Trade Commission in Washington D.C. cooperates with the Austrian Embassy, Austrian representatives at various International Financial Institutions (World Bank, IMF...
August 4, 2011
The Austrian Trade Commission in New York
The Austrian Trade Commission in New York is a "one stop shop" for most things you need to do business with Austria, including following services: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.
August 4, 2011
Teak Holz International: Earnings Four Times as High as Revenue
The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.
August 4, 2011
First European U.S. Sustainable Construction Forum
The Austrian Trade Commission Chicago is organizing a “First European U.S. Sustainable Construction Forum” on Monday, October 3, 2011 with the goal of bringing together leading companies from both sides of the Atlantic.
August 4, 2011
4th Annual Conference for Executives of Austrian Subsidiaries in the U.S.
The Austrian Trade Commissions are organizing a forum for an exchange of ideas and experiences between Austrian companies and their partners in the US.
August 4, 2011
Significant Increase in Profit for Bank Austria
The Austrian subsidiary of UniCredit achieved a plus in net profit of 52% despite a negative one-off effect of € 100m from Greek government bonds.
August 4, 2011
RHI: Lower Operating Result despite Record Revenues in Second Quarter 2011
The Austrian producer of refractory materials reported an increase in revenues of 9.7%. Operating result amounted to € 40.0m.
August 4, 2011
Hypo Alpe Adria Sells Stake in Hypo Insurance
All of the Austrian bank’s 20% stake will be taken over by majority owner Grawe insurance.
August 4, 2011
Immofinanz with Strong Results in Financial Year 2010/11
The Austrian real estate company recorded an increase in net profit of 60% and will pay a dividend for the first time since 2007.
August 4, 2011
AUA vs. Emirates: Negotiations Started in Dubai
The Middle Eastern airline wants to double the number of connections to Vienna. Austrian Airlines sees unfair competition.
August 3, 2011
VKW with Declining Profits in the First Half of 2011
The regional energy company reported a drop in power generation due to the dry weather in the period from January to June.
August 3, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 3, 2011
Three Applicants for Lottery Concession
The match for the Austrian lottery license goes into its final round. Three companies have submitted an application.
August 3, 2011
Trend towards More Bonds in Corporate Financing
Companies will increasingly rely on the capital market as bank loans are becoming more expensive due to Basel III and stricter liquidity requirements.
August 3, 2011
Erste Group Planning New Branch Concept for Czech Republic
The Austrian bank’s Czech subsidiary is working on a modern concept which will be targeted at new customer groups.
August 3, 2011
Kapsch CarrierCom Wins Order in Czech Republic
The Austrian technology company was chosen as general contractor for the GSM-R technology in the Czech Republic. The order value is € 20m.
August 3, 2011
Polytec Expands Capacities after Strong First Half of 2011
The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.
August 3, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-02)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 2, 2011
Debt Crisis Dampens Austrians’ Propensity to Buy
Austrians are reducing consumption and increasing their savings. Only 24% expect an economic upswing.
August 2, 2011
Bank Austria Finances Portfolio of Apartment Houses in Vienna
The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.
August 2, 2011
Hypo Alpe Adria Sells Off German Biogas Plants
The Austrian nationalized bank pulls out of the biogas sector. Sale of its plants in Austria is planned for the second half of 2011.
August 2, 2011
Porr Wins Major Order in Germany
The Austrian construction company will build two tunnels as part of the Stuttgart 21 project. Total volume of the order is € 700m.
August 2, 2011
Immofinanz Acquires Development Site in Poland
The Austrian real estate company plans to develop a shopping center in the Polish city of Lublin. Opening is scheduled for 2013.
August 2, 2011
Changes in the Management Board of Pankl
The Austrian component supplier extended the contract of CEO Wolfgang Plasser for further five years. Josef Faigle will succeed Alfred Hörtenhuber as COO.
August 1, 2011
AutoBank with Improved Half-Year Results
The Austrian specialist bank increased new business volume by 4.2%. Stable growth was achieved in all areas.
August 1, 2011
SW Umwelttechnik Secured Mid-Term Financing
The Austrian technology company reached an agreement to delay bank loan repayments until 2012. € 60m were invested in plant modernizations between 2005 and 2008.
August 1, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 1, 2011
Austrians Buy Less – Sales in Retail Trade Dropped 0.8%
Sales volume of food retail trade was up 0.3% in the first half of the year while the non-food sector registered a decline by 0.8%.
August 1, 2011
Decline in Unemployment Rate Continues
The number of unemployed fell by 4% to 262,904 in July. The positive development has lasted for 17 months already.
August 1, 2011
Immofinanz Completed Sale of Office Campus Gasometer
The Austrian real estate company and its partner sold an office property in Vienna for € 75m to Bank Austria Real Invest.
August 1, 2011
Start-Ups in Austria 2009: Rate of Enterprise Creation at 6.9%
On average, 2.4 jobs were created per start-up. 85.4% of all new enterprises were operating in the services sector.
August 1, 2011
Martin Schwedler Appointed CEO of Raiffeisen Investment in Moscow
The previous board member of RIAG will focus on expanding the Austrian bank’s presence in Russia’s growing M&A and ECM business.
August 1, 2011
Bawag Sells Stiefelkönig to Leder & Schuh
The Austrian shoe retail chain is taken over by its strongest competitor. The deal is subject to approval by the competition Authority.
July 29, 2011
Austrian Industrial and Construction Turnover Up by 10.9%
Opposing production trends in industry and construction in April 2011; turnover increased by 10.9%. Energy and metal industry are dominant factors.
July 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-29)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 29, 2011
bwin.fr and sajoo.fr to Merge
The online gaming providers agreed to merge their French businesses. The companies have already been working together since 2008.
July 29, 2011
Hypo Alpe Adria Sells Schlosshotel Velden
The Austrian bank signed a purchase agreement with Amisola Immobilien AG. Falkensteiner Michaeler Tourism Group will take over management of the hotel.
July 29, 2011
Construction Output Down by 3.4%
Austrian output of construction of buildings and civil engineering decreased by 3.4% from January until April 2011. Volume of orders increased by 8.1%.
July 29, 2011
AMAG Expects Record in Profitability
The Austrian manufacturer of aluminum products reported a strong development in the first half of 2011. Sales were up 21%, EBIT grew by 18% to € 59.9m
July 29, 2011
Erste Group Increased Net Profit from January to June
The Austrian bank’s results were burdened by bank taxes in Austria and Hungary. Net profit was up 5.2%, based on a solid operating result and lower risk costs.
July 29, 2011
BDI Increases Shareholding in Enbasys
The Styrian company listed at the Frankfurt Stock Exchange raised its stake in the bio gas specialist to 81%. Acquisition of the remaining shares is about to be completed.
July 29, 2011
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