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S&T Wins Contract in Serbia
The Austrian IT service provider will be responsible for the implementation of the largest SAP project in Serbia in the last years.
June 28, 2011
ACP Says No to IPO
The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.
June 27, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-27)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 27, 2011
HTI Successfully Completed Capital Increase
The Austrian technological group raised € 6.6m of additional equity. The capital increase was over-subscribed by 26%.
June 27, 2011
Verbund to Restructure Its Portfolio
The Austrian electricity company is negotiating the sale of French Poweo. Eni and Enel are said to be interested in an acquisition.
June 27, 2011
Uniqa Sold Stake in Romanian Company
The Austrian insurance group sold its 27% holding in Astra for € 25m to the Nova Group.
June 27, 2011
Profit Situation of Austrian Banks Improved Significantly
The banks recorded a positive development in the first quarter. However, net profits of the full year will fall as a result of the newly introduced bank tax.
June 27, 2011
voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
June 27, 2011
Weak Start of Summer Season in Austrian Tourism
Tourism in May 2011: 11.6% less overnights and 7.9% less guests. The number of visitors from CEE increased strongly.
June 27, 2011
Zumtobel Achieved Turnaround
The Austrian lighting company announced strong results. Revenues increased by 10.2%. Net profit for the year is firmly back in the black at € 51.3m.
June 27, 2011
“We Need to Increase Support for SME”
Experts say the government’s efforts for increasing the research quota are half-hearted. € 600m per year would be necessary to achieve the target.
June 24, 2011
Five Investors Still Interested in A-Tec
A-Tec boss Mirko Kovats has to find a buyer for his insolvent group by June 30. Investors will need at least € 225m in order to fulfill the payout plan.
June 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 24, 2011
Erste Group: Delayed Redemption of State Capital
The Austrian bank will not repay the € 1.2bn of participation capital before the end of the month, probably due to the ongoing stress test.
June 24, 2011
WIFI International Expanding into Albania
The education provider continues its internationalization strategy and is now active in nine CEE/SEE countries.
June 24, 2011
Austrian Labor Market Relatively Stable during Crisis
A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 2011
Constitutional Court Cancels Starting Date of New Capital Gains Tax
The Court has no objections to the new capital gains tax itself. Only the starting date for automatic collection by the banks was declared unconstitutional.
June 24, 2011
Further Growth in Production in April 2011
Production index in April 2011: +9.7% compared to April 2010, +1.3% against March 2011.
June 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-22)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 22, 2011
RHI Confirms Outlook and Rules Out Capital Increase
The Austrian manufacturer of refractory materials expects a moderate increase in revenues. A capital increase is not planned in the near future.
June 22, 2011
Significant Rise in Used Car Registrations
Registrations of used motor vehicles in May 2011: +12.3%; passenger cars +9.2%, lorries +13.5%.
June 22, 2011
Agrana Increases Annual Guidance after Strong First Quarter
The Austrian sugar, starch and fruit company expects significant improvement in results in the financial year 2011/12. Revenue increased by 13% in the first three months.
June 22, 2011
Bene: Reduced Operating Loss in the First Quarter
The Austrian office furniture supplier achieved an increase in sales of 18.5% . The management still expects a slightly negative result for the full business year.
June 22, 2011
Austrians Support Aid for Greece
The majority of the Austrian population does not want to let Greece down. 55% see the common currency at risk.
June 22, 2011
Intercell: “We Will Stabilize Our Share Price”
The Austrian biotech company recorded a dramatic drop in its share price. The CEO remains optimistic and promises stabilization.
June 21, 2011
WKÖ: Economic Talks with the Macedonian President
80 Austrian enterprises are already active in Macedonia. Exports to the country increased by 17% in the first quarter of the year.
June 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-21)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 21, 2011
International Business Important for Austrian Insurers
The Austrian insurance companies recorded moderate growth in the first quarter of the year. More than 50% of their premium income comes from their international business.
June 21, 2011
KTM: Capital Increase Completed Successfully
The Austrian motorcycle manufacturer strengthened its share capital by € 14m by issuance of 400,000 new bearer shares. Main shareholders are CROSS Industries with 50.1% and Bajaj with 39.79%.
June 21, 2011
Almost One Million Shareholders in Austria
Compared internationally, the Austrian population has a very low interest in the stock market. Only 13% invest in shares or funds.
June 21, 2011
Erste Group Manages Bond Issue of Czech Railways
The order book grew in only one hour to € 400m from 60 institutional investors. Approximately 75% have been subscribed by investors from Germany, the Czech Republic and Austria.
June 21, 2011
Bronze Medal for Austria’s Economy
According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.
June 21, 2011
Austrian Financial Sector Stable – Remaining Challenges in Particular Business Segments
Stress test results show Austria’s banks to be more resistant to risks than in 2010 – Boosting equity remains on the agenda nevertheless.
June 21, 2011
EU Commission Blocks OMV’s Deal with Gazprom
The Austrian oil and gas company does not get its desired Russian partner as the EU Commission has rejected a share transaction between the two companies.
June 20, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-20)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 20, 2011
Emerging Markets Boosting FACC
The Austrian aircraft component manufacturer relies on joint ventures in order to benefit from strong growth in emerging markets.
June 20, 2011
conwert Interested in Billion-Euro Deal with LBBW
The Austrian real estate company is looking for partners to purchase the residential property portfolio of the German bank. Industry experts see a realistic chance for an acquisition.
June 20, 2011
CA Immo: Uniform Brand Appearance also in Germany
In the future, the Austrian real estate group’s German subsidiary Vivico Real Estate GmbH will operate under the brand "CA Immo".
June 20, 2011
Bilfinger Berger to Acquire Subsidiary of AE&E
The Czech subsidiary of the insolvent plant manufacturer will become part of the German construction group Bilfinger Berger.
June 20, 2011
Retail Sector: New Discussion about Sunday Opening
The current dispute is about the right to open shops on certain lucrative Sundays. The operator of a shopping center has brought in an action at the Constitutional Court.
June 20, 2011
Patent Protection to Become Cheaper
In Europe patent protection is currently ten times more expensive than in the US or Japan. Austria will participate in an EU-wide cooperation which will reduce the cost significantly.
June 20, 2011
Hypo Group: End of the First Round in the Bidding Process
Today, Friday, was the closing date for the submission of tenders for Hypo Group’s Austrian business. The sale process is expected to take several months.
June 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 17, 2011
Austrian Companies Interested in Greek Lottery
As Greece is forced to put its assets on sale, Austrian gaming companies see chances for an acquisition of the country’s national lotteries.
June 17, 2011
Atrium and Meinl Bank Agree to Stop All Legal Proceedings
The American-Israeli real estate fund and the Austrian bank reached a settlement agreement on the dismissal of all claims between them.
June 17, 2011
Austrian Economy Growing Faster than Eurozone Average
OeNB has revised its growth forecast for 2011 upwards to 3.2%. Lower rates are expected for 2012 and 2013.
June 17, 2011
Verbund: New Wind Farm in Romania
The Austrian electricity company will invest “several hundred million euros” in 77 new wind wheels which will go into service in 2012.
June 17, 2011
Further Rise in the Industrial Producer Price Index
Prices for industrial goods continue their upward trend: +5.1% in April 2011 compared to April 2010.
June 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 16, 2011
Immofinanz Acquires Romanian Property Developer
The Austrian real estate company buys the remaining stake for € 42.43m in order to become sole shareholder of Bucharest-based Adama.
June 16, 2011
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