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Erste Group Increases Stake in BCR
The Austrian Erste Group further expands in the difficult Romanian market. Erste Group will hold 94% in BCR then.
October 15, 2011
Ikea Austria Reaches Over € 600m in Sales
The Swedish furniture corporation raised its market share in Austria to 13.9%. Sales grew by 1.6% up to € 604.2m.
October 15, 2011
Palfinger Aims for Growth in China
The Austrian crane manufacturer, which has recently published a capital increase, will use these funds for further investments in China.
October 15, 2011
Still Danger of Overheating in SEE Property Markets
According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.
October 15, 2011
Erste Group Signs Facility Agreement with Ukrainian Energy Holding
The Austrian bank extends an existing credit facility for DTEK from € 50 to € 100m with a maturity of three years.
October 14, 2011
Austria Ranks Third in EU Productivity Study
The report points out structural weaknesses and suggests more effective public spending in the fields of education, research and innovation.
October 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-14)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 14, 2011
CRM of Doka Group Awarded
An international jury awarded prizes for the best customer-relationship management projects, ranking Doka among the top three companies, at the Customer-Relationship Management (CRM) Expo in Nuremberg, Germany.
October 14, 2011
Inflation Rises to Highest Level in Three Years
Consumer price inflation rose to 3.6% in September, the highest value since September 2008. Mineral oil products remained the main price driver.
October 14, 2011
VBAG Expects Massive Loss
The Austrian bank has to write off € 700m on the book value of its participations in Investkredit and Volksbank Romania. The state’s participation capital will not be repaid this year.
October 14, 2011
Binder+Co Presents Promising Technology
The Austrian machine and plant manufacturer and a Chinese partner together developed a new method for production of lightweight materials.
October 13, 2011
Slovakia Approved EFSF
After unsuccessful voting on Tuesday, Slovak lawmakers supported today the enlargement of the European Financial Stability Fund.
October 13, 2011
Innovation Indicator 2011: Austria Has Improved Markedly
In a ranking of 26 industrialized countries, Austria has risen to the eighth place. The R&D ratio has climbed to 2.8% of GDP.
October 13, 2011
Polish Foreign Trade Will Increase by 125% by 2025
The world trade will increase only by 73%, states the report of HSBC Trade Connections. The document presents forecasts for the international trade in the perspective of several years.
October 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-13)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 13, 2011
Warsaw Ahead of Vienna and Prague in the Ranking of the Most Attractive European Business Cities
Warsaw moved up three places in the ranking of the most attractive European cities to locate a business, prepared by Cushman & Wakefield.
October 13, 2011
CA Immo Commences Hotel Construction in Berlin
The Austrian real estate company invests € 53.2m in the Europacity development project. The hotel is scheduled for completion in 2013.
October 13, 2011
Private Insolvencies on the Rise
The number of private insolvencies rose by 6%, while the number of companies filing for bankruptcy declined by the same rate from January to September.
October 13, 2011
Vienna Insurance Group Has Its Own Funds to Buy the Polish Insurer Warta
Guenter Geyer, the head of the Austrian insurance company quoted by the Polish daily Gazeta Prawna confirmed the interest in an auction of the Warta Insurance and Reinsurance Company.
October 13, 2011
Palfinger Plans Capital Increase
The Austrian crane producer is gearing up for further growth. An extraordinary General Meeting has been called for 3 November.
October 13, 2011
Bargaining Suspended – Metal Workers Take Industrial Action
Employees of more than 140 Austrian companies went on strike after negotiators had failed to agree on wage increases.
October 13, 2011
Greiner Packaging Expands its Network in Romania
The Austrian packaging producer took over the major share of S.C. Amplast Co S.A. from a group of private owners.
October 13, 2011
Agrana: Strong Results for First Half of 2011|12
The Austrian sugar and starch company expects a significant increase in pre-exceptionals operating profit for the full year.
October 13, 2011
Mars Austria Invests EUR 33 million
The candy and pet food producer Mars Austria is investing EUR 33 million in its existing plant located in Lower Austria.
October 13, 2011
Performance of Investment Funds Drops Further in September
The average one-year performance was -3.74%. Only 526 out of 1,614 funds showed a positive performance.
October 12, 2011
International Russia - Austria Conference
Austrian Standards hosts a conference on 2 and 3 November in Vienna. Its topic: International standards as a basis for successful economic co-operation.
October 12, 2011
OeEB Grants Credit to Azerbaijani Bank
DemirBank receives $ 25m from the Austrian Development Bank, RBI and other lenders to support entrepreneurs in Azerbaijan.
October 12, 2011
OeNB: Austrian Economy Is Stagnating
Uncertainty about the global economic development has reduced business and consumer confidence in Austria.
October 12, 2011
Immofinanz Opens Shopping Center Extension in Poland
The Austrian real estate company invested € 50m in the project, making it one of the top five shopping centers in Poland.
October 12, 2011
Debt Crisis Reaches Steel Industry
The CEO of Austrian voestalpine expects stagnation in European steel production volumes. Declining commodity prices might reduce margin pressure.
October 12, 2011
Bank Austria Rethinks Expansion in Hungary
The subsidiary of Italian UniCredit reviews its activities in the country. A withdrawal is not ruled out.
October 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-12)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
October 12, 2011
AUA with Strong Traffic Results in September
The total passenger number of the Austrian carrier increased by 5.8% compared to September 2010. European routes showed a plus of 8.8%.
October 12, 2011
Slovakia Against the Enlargement of the Euro Zone Bailout Fund
After six hours of heated debate Slovak lawmakers failed to approved the European Financial Stability Fund (EFSF).
October 12, 2011
Czech Consumer Price Index Increased by 1,8% Compared to September 2010
According to research released by the Czech Statistical Office, consumer prices decreased in September by 0.2 %, month-on-month.
October 12, 2011
Increase of Car Production in Czech Republic and Slovakia
Last week, the Czech Statistics Office announced that industrial production since the beginning of the year increased by 3.5 percent mainly due to the automotive industry.
October 12, 2011
Hungarian Consumer Price Index Increased by 3,6% Compared to September 2010
In September 2011 consumer prices increased by 3.6% compared to September 2010, it was the same rate as in the previous month, registered the Hungarian Central Statistic Office.
October 12, 2011
Drop in Car Production in Poland
In September 2011, the production of passenger cars and commercial vehicles in Poland amounted to 70,521 units, an increase by 63,24% (27,319 units) compared to August 2011 reported the Samar Institute.
October 12, 2011
Austrians Save € 168 per Month
With a share of 86%, the savings passbook is still the most popular form of saving while the interest in ecological, ethical and social investments is growing steadily.
October 12, 2011
OMV Promotes Nabucco Project Abroad
The Austrian oil corporation OMV pushes the gas pipeline project Nabucco in Turkey, Azerbaijan and Turkmenistan.
October 11, 2011
Verbund´s Subsidiary Expands in Italy
Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.
October 11, 2011
„Austrian Banks Are Robust“
Ewald Nowotny, the head of the Austrian Central Bank (OeNB) as well as the Minister of Finance, Maria Fekter, appreciate the announcement of Erste Group.
October 11, 2011
Major Pumped-storage Power Plant Commissioned
Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.
October 11, 2011
Vienna Stock Exchange: Winners and Losers (2011-10-11)
Daily News-Flash from the Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
October 11, 2011
Bank Austria Optimizing its Activities in Russia
Sergey Sidorov to remain CEO until year end and to support the organizational and strategic Changes. Alexander Cheporov to become Head of Equity Brokerage Operations.
October 11, 2011
Zumtobel Invests in New Production Facilities
The Austrian lighting company expands its capacities as part of the company’s global growth strategy. Internal plans for up to 200 new jobs by 2020.
October 11, 2011
Skoda’s Domination in Poland
According to research conducted by Samar, Skoda has been the unquestionable leader of the Polish car market during last 30 months.
October 11, 2011
Gloom Over Clothing Industry in Poland
In the first half of this year over 13 thousand of clothing shops disappeared from the Polish market.
October 11, 2011
Santander Close to Become a Leading Player in Poland
According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.
October 11, 2011
UniCredit is Optimistic For ATX
Despite several uncertainties, UniCredit sees the potential of a positive long-term development for the Austrian main index ATX. The new ATX target is 2700 points for the next 12 months.
October 11, 2011
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