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Telekom Austria: Serbian Deal Failed
The new offer by Telekom Austria is rejected in Serbia: the sale has failed.
May 7, 2011
Infineon Makes an Investment for € 200m in Austria
The German technology group has announced that it intends to create 400 new jobs in Austria. The semiconductor production is to be expanded.
May 7, 2011
Austria's Export Are Heading for Another Record Year
Exports grew by 24% to € 18bn in the first two months of 2011, continuing to be a crucial pillar of the Austrian economy.
May 7, 2011
Workers Continue Feeling the Crisis
The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.
May 7, 2011
Optimism in Chemical Industry for 2011
2010 represented a comeback for the chemical industry. A production value increase of 16% to € 14.2bn was reached, and exports grew by 16.7%.
May 7, 2011
Significant Rise in Wholesale Prices
Austrian Wholesale price index in April 2011: +9.5% against April 2010. Main Drivers are Cereals, Fuel and Fertilizer.
May 6, 2011
Nabucco Announces Further Delay of Pipeline Project
Nabucco Gas Pipeline International GmbH today announces a revised timeline for the Nabucco pipeline project., which is due to a lack in suppliers.
May 6, 2011
Optimism at AT&S
The Management Board expects developments of the increasing prevalence of electronic systems in everyday life to deliver above-average benefits for the AT&S Group.
May 6, 2011
Prosperity to Rise, But Savings Propensity on a Decline
Monetary wealth of Austrians expected to rise 14.4% or from € 7,900 to 62,800 by 2015; savings ratio to decrease from 9.1% to 8.1%. In 2010, Austrians saved € 1,819 on average.
May 6, 2011
Profit Decline for BWT
Results of the first three months 2011: Sales +3.2% to € 115.6 m, EBIT -20.2% to € 6.2 m, net income -33.8% to € 3.6 m
May 6, 2011
Andritz: Good Business Development in the First Quarter of 2011
The Austrian technology Group increased all relevant key figures compared to last year’s reference period.
May 6, 2011
ÖVAG in the Black Again
The central institution of the Austrian Volksbanken was able to achieve a profit of € 67.6m in 2010 after losses for € 24.5m reported in 2009.
May 6, 2011
Is Nabucco Turning into a Cost Trap?
The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.
May 6, 2011
BDI Receives Major Order in Germany
Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.
May 6, 2011
Austria's Shopping Centers are Growing, but Not Getting More Productive
The productivity per area of the shopping centers in Austria shows a mixed picture according to a RegioPlan analysis.
May 6, 2011
Surprising Profit at ASFINAG
With an annual result of € 339m for 2010, the Austrian motorway financing company had much better results than expected.
May 6, 2011
Austria Tabak Plant Closes Down
Austria Tabak will close the cigarette factory in Hainburg. 320 jobs will be lost.
May 6, 2011
Immofinanz takes over 100% of Zagreb’s Grand Centar
Immofinanz acquired the remaining 20% stake in the Grand Centar in Zagreb through its subsidiary Immoest Allegro. This stake was previously held by Generali Immobilien AG.
May 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 5, 2011
Miba Engine Running at Full Speed
The Austrian component supplier could significantly increase its results. EBIT could rise more than threefold. Investments are pushed strongly.
May 5, 2011
Austrian Airlines Cannot Achieve Turnaround
The Austrian Airlines, which is in a restructuring process, is still deep in the red. In the first quarter of 2011, operating losses amounted to € 63.5m.
May 5, 2011
Better Results for Lenzing
The Austrian pulp manufacturer Lenzing expects better performance in 2011 than originally forecast.
May 5, 2011
Lingelbach New CEO for Intercell
Intercell announces new management structure: Thomas Lingelbach appointed new CEO; new Supervisory Board members proposed.
May 5, 2011
Austria's Importance as a Location for Conventions increases
Events, conferences and trade shows are developing as an important part of Austria’s tourism industry. By international comparison, Austria is already ranks in eighth place.
May 5, 2011
Upswing in Austria’s SMEs
Austrian small and medium enterprises expect a significant improvement in business conditions for 2011. The equity situation however remains problematic.
May 5, 2011
CEO Roiss: "Gas and Oil Remain the Core Business"
Renewable energies are already part of the program of OMV, said Gerhard Roiss. However, oil and gas will dominate in Europe until 2020.
May 5, 2011
Austria's Current Account: Net Income 2.7% of the GDP
Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.
May 5, 2011
Capital Transfers Still Below Pre-Crisis Level
Austria's financial transactions with foreign countries continue to be influenced by the aftermath of the crisis: investment in foreign securities has increased only slightly (€ 6.4 bn).
May 5, 2011
Leitl and Sorger Demand Privatizations
Economic Chamber’s President Christoph Leitl and Industrialists' Association President Veit Sorger spoke in support of privatization at a press conference.
May 5, 2011
Gas Pipeline Project for EVN
The Austrian energy company EVN to invest € 150m in high-pressure natural gas pipeline
May 4, 2011
New Bid for Telekom Srbija
The Telekom Austria Group Submits a Revised Conditional Bid of up to € 1.1 Bn for the Acquisition of a 51% Stake in Telekom Srbija
May 4, 2011
Intercell starts a confirmatory clinical study using the Vaccine Enhancement
Intercell starts clinical trial in Pandemic Influenza with its Vaccine Enhancement Patch and provides update to the strategic collaboration with GSK on patches
May 4, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 4, 2011
Austria's Solar Industry Strives For Technological Leadership
The domestic solar energy industry calls for more research funding to ensure the continuation of success achieved also into the future.
May 4, 2011
A-Tec: Coal Power Plant Will Not Be Converted
The insolvent company pulls back from its request to convert the Styrian power plant Voitsberg III. The total investment would have amounted to € 100m.
May 4, 2011
Leitl: "Austria was the Largest Investor in Turkey in 2010"
WKÖ President Leitl pointed to the intense economic links between the two countries during the state visit of Turkish President Abdullah Gül to Austria.
May 4, 2011
Moderate Premium Growth for Merkur Versicherung
Record premium increase of 22.7% in the accident insurance division. Continued upward trend in South East Europe: Merkur increases its market share in Bosnia and Herzegovina to 29.3%.
May 4, 2011
Funds are Considered as a Suitable Old-Age Provision for many Austrians
The majority of Austrian fund owners rate investment funds as a suitable old-age provision, according to the result of a recent population-representative study of AXA Investment Managers.
May 4, 2011
Austria's Insurance Industry is Optimistic
The Austrian insurance industry showed premium increases in all sectors in 2010, with premium income rising by 2.0% to € 16,748bn.
May 4, 2011
Erste Group Launches Rising Markets Indices
Erste Group launches Rising Markets Indices for bonds and equities focusing on high-opportunity countries. Country selection based on criteria such as GDP growth, population growth, anti-corruption measures and standard of living.
May 3, 2011
Wolf Theiss Identifies Opportunities in CEE Electricity Markets
Significant legislative changes particularly in Bulgaria and Romania, two of the most dynamic markets for RES-Electricity in the CEE/SEE region, have resulted in a dramatic increase in investor and other stakeholder interest in such projects.
May 3, 2011
Immofinanz Strives for Presence in Russia
The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.
May 3, 2011
Moser Demands Changes in Debt Policy
Josef Moser, President of the Audit Court warns urgent structural reforms of the policy. There is no all-clear; the situation is "ominous".
May 3, 2011
Sharp Drop in Exports to Japan is Expected
Exports are expected to return to a normal level only by 2012. Renewable energy technologies could be particularly important.
May 3, 2011
VIG Re: Significant Improvements in Results
The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.
May 3, 2011
Tondach Gleinstätten is Awarded Exclusive Contract in Russia
Tondach Gleinstätten AG is awarded the contract for the supply of roofing materials for the Olympic project "Sochi 2014”
May 3, 2011
Profit growth for Frauenthal
The supplier firm reported a sales increase of 22%; profit ratios increased significantly.
May 3, 2011
Stock Market Forecast: ATX Return 15%
Forecast of the UniCredit analysts: ATX should hit 3200 points over the next twelve months with a total potential return of 15 percent, dividends included.
May 3, 2011
Slight Decline in Retail Trades Sales in Real Terms
Turnover in Austrian retail trade increased by 2.1% (nominal) in the first quarter 2011.
May 3, 2011
AMAG Group Records Strong Sales and Revenue Growth
Sales rise 27% to € 214.6 m (Q1 2010: € 168.6 m) EBITDA rises 15% to € 35.9 m from € 31.1 m.
May 3, 2011
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