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Helmut Bernkopf New Head of UniCredit’s Private Banking Division
Bank Austria’s Head of Corporate and Investment Banking moves up the career ladder and becomes boss of the parent company’s Private banking division.
July 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-12)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 12, 2011
AMS Announces New Record in Job Vacancies
The number of vacancies increased by 9.7% in the first half of 2011. Nearly all industries and provinces contributed to the development.
July 12, 2011
Strong Current Account Balance Is Driven by Exports
The Austrian current account showed a surplus of € 3.8bn in the first quarter of 2011. The total amount of Austrian FDI was higher than in the full year 2010.
July 12, 2011
Vienna Airport: Significant Increase in Passengers in the First Half of 2011
Number of passengers: plus 8.6% from January to June, plus 5.7% during June. Cargo volume is declining.
July 12, 2011
austriamicrosystems Collaborates with Japanese F-Brain
The Austrian microelectronics and semiconductor manufacturer entered into a collaboration with F-Brain to serve Foundry customers on backend test solutions in Japan.
July 12, 2011
Binder+Co Takes Over Italian Mechanical Engineering Company
Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.
July 12, 2011
Austria’s Exposure in Italy: € 16.5bn
Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.
July 11, 2011
Strong Development of Exports in Austrian Machinery Industry
In the first three months of the year, Austrian enterprises exported machinery and metalware for € 6.04bn. Germany is the main trading partner of the industry.
July 11, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-11)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 11, 2011
Austrian dynaTrace Acquired by US Company
The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.
July 11, 2011
Slow Recovery in Banks’ Lending Activity
Corporate loans recovered faster than loans to private households. Interest rates have increased only slightly since April 2010.
July 11, 2011
OECD Calls for Reforms and Increased Efficiency
The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.
July 11, 2011
AUA with Slight Increase in Passenger Volume from January to June
A passenger increase of 1.9% was achieved despite the effects of the crises in Japan and Middle East from January to June. With 1,044,800 passengers in June, Austrian Airlines is down 1.2% on last year.
July 11, 2011
Palfinger Takes Over Russian Inman
The Austrian crane manufacturer acquires its leading Russian competitor. Inman will generate revenue of € 20m this year.
July 11, 2011
New Motor Vehicles: All-Time Record in First Half of 2011
January to June 2011: Increase of new motor vehicle registrations by 9.9 % to 245,396 vehicles; new passenger car registrations up 10.6%.
July 11, 2011
Economic Report 2011: Government Surprised by Quick Recovery
Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.
July 8, 2011
Majority of Investment Funds with Positive Development in June
June was another successful month for Austrian funds: 1,233 out of 1,628 funds showed a positive performance.
July 8, 2011
Austrian Banks React to ECB’s Interest Rate Decision
The Austria banks quickly passed on the interest rate hike to their customers. Christoph Leitl regards the decision as an impediment for budgetary consolidation.
July 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 8, 2011
Upswing in Business Location Projects
The national investment promotion agency registered a strong increase in the number of companies investing in Austria. The trend is expected to continue in 2011.
July 8, 2011
European Stress Test Results to Be Published on July 15
The test performance of 91 participating banks will be available next week. According to Moody’s, Austrian Volksbanken AG is at risk of failing the test.
July 8, 2011
January to April: Dynamic Development in Foreign Trade
Austrian imports and exports increased by one fifth in the period from January to April 2011. The global foreign trade balance showed a deficit of € 2.08bn.
July 8, 2011
OMV’s Petrom Makes Significant Gas Discovery
The Austrian energy group’s subsidiary made a gas discovery in Romania. Further appraisal drilling is planned to assess what may be the most important onshore gas discovery in the country in the last six years.
July 7, 2011
AT&S Confirms Outlook
The Austrian technology company reported a successful business year 2010/11 in its Annual General Meeting and increased its dividend pay-out significantly.
July 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 7, 2011
Government Debt Committee Sees No Margin for Tax Cuts
The committee called for debt reduction and warned against a tax reform. The gap between government revenues and spending is increasing.
July 7, 2011
austriamicrosystems Selected by Google
A module developed by the Austrian microelectronics and semiconductor manufacturer is on Google’s new Android Accessory Development Kit reference design.
July 7, 2011
OTP Bank Shows Interest in Volksbank International
The Austrian Volksbanken AG found a second potential buyer for its Eastern European subsidiary. The Hungarian OTP bank wants to expand into the markets where VBI has a presence.
July 7, 2011
Plansee Group Achieved Sales Record
The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.
July 7, 2011
Schlumberger with Slight Growth in 2010/11
The Austrian stock exchange listed champagne and spirits producer has achieved EBIT growth of 50% in the financial year 2010/11. Revenue increased by 2.4%.
July 7, 2011
S Immo Increases the Occupancy Rate of its Hungarian Portfolio
The Austrian real estate company’s Hungarian subsidiary leased out nearly 4,000 m² in the heart of Budapest. The vacancy rate was reduced to below 9%.
July 7, 2011
Casinos Austria Withdraw from Project in Liechtenstein
The Austrian gaming group had applied for the only casino concession in the principality. It now decided to give up its plans due to widely differing ideas of its partner.
July 6, 2011
Austrian SME Increase Investments
Sentiment in the SME sector is improving: 60% are planning to grow in the medium to long term. Enterprises increasingly rely on internal financing.
July 6, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 6, 2011
Boris Nemsic Joins Delta Partners
The former CEO of Telekom Austria was appointed executive partner of Delta Partners' investment business.
July 6, 2011
Contractual Penalty for Kapsch in Poland
The Austrian technology group did not manage to finish work on an electronic toll collection system in time. Thus, the company will have to pay a contractual penalty.
July 6, 2011
Significant Increase in Brand Value of Austrian Companies
Austrias top ten brands increased their cumulated value by 6.8% compared to last year. Red Bull remains the most valuable brand; Novomatic achieved the highest increase.
July 6, 2011
Alfred Gusenbauer Starts Venture Capital Company
The former Austrian Chancellor and three partners founded the Cudos Group. It will invest in industrial companies in Austria and CEE.
July 6, 2011
Strong Increase in Wholesale Prices
Wholesale price index in June 2011: +8.9% against June 2010, +0.5% against May 2011. Main drivers were cereals, fertilizers and gasoline.
July 6, 2011
CEO Volker Riebel Leaves conwert
The Austrian real estate company announced a new management structure: CEO Riebel leaves; the managing board will consist of two directors.
July 6, 2011
Austrian Companies to Participate in Russian Research Center
The planned technology park will be home to up to 40,000 researchers. Twenty Austrian companies have expressed interest in participating in the project.
July 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 5, 2011
Growing Output in the Electronics Industry
The production level of 2008 will be reached again this year. Growth is mainly driven by increasing exports and a positive development in the automotive industry.
July 5, 2011
Strong Decline in Retail Trade Volume
The Austrian retailers recorded a 2.3% drop in trading volume in May. It was the fourth highest decline of all EU member countries.
July 5, 2011
Significant Decline in Stock Exchange Turnover
Trading volume at the Vienna Stock Exchange has fallen dramatically in the first half of the year. The negative development is blamed on the capital gains tax on securities.
July 5, 2011
EVN Concludes Acquisition of Stake in Inn Power Plants
The Austrian electricity company purchased a 13% stake in Verbund’s hydroelectric power plants on the Inn river.
July 5, 2011
Sale of VBI to Be Signed in July
The Austrian Volksbanken Group and Sberbank have come close to an agreement on the sale of the Eastern European bank. The transaction price will be € 700m.
July 5, 2011
Economic Council Met for the First Time
Representatives from business and politics came together in the Federal Chancellery. The round of talks will be held three to four times a year.
July 4, 2011
VIG Interested in Acquisition of Polish Warta Insurance
The Austrian insurance company might strengthen its position in the Polish market with the acquisition of a local company.
July 4, 2011
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