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Kern Leads an Image Campaign for ÖBB
With humorous content, but caused by the serious situation of the Austrian State Railway, CEO Christian Kern intends to promote greater understanding for the Group.
April 26, 2011
Windtner Pleads for expansion of Electricity Grids
The CEO of Energie AG considers that an energy revolution is about to happen in an interview with the newspaper "Kurier". The relevance of electric vehicles is expected to grow slowly but steadily.
April 26, 2011
Surplus of Timber in Austria
More timber grows in Austria's forests wood than is harvested. The Chamber of Agriculture calls for looser terms of use.
April 23, 2011
Al Jaber in Distress
Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.
April 23, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
Lower Austria Seeks Airport Privatization
Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.
April 23, 2011
Solid Delivers Solar Technology to the U.S.
The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.
April 23, 2011
Trenkwalder Gets Fresh Capital with Droege Capital
German Droege Capital GmbH acquires the majority stake in the Austrian employment agency Trenkwalder International AG.
April 23, 2011
RCM - Raiffeisen Capital Management Company grew in 2010
Despite the international debt crisis and the repeated fears of a recession, money flowed back into the investment company last year.
April 23, 2011
Every second Company Concerned by Crisis in Libya and Japan
According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.
April 23, 2011
Energy Prices for Households still on the Rise
Especially mineral oil product prices rose steadily in the first quarter of 2011. Electricity prices remained stable.
April 23, 2011
Eastern Europe as Growing Market for Austrian Wine Exports
Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.
April 23, 2011
Rising Production in Austrian Industries
Austrian Production index in February 2011: 8.9% over February 2010
April 23, 2011
Interest in Acquiring A-Tec
The Austrian restructurer Erhard Grossnig is interested in acquiring parts of the insolvent A-Tec Group.
April 22, 2011
Telekom Srbija: Rising Prospects for Telekom Austria
Telekom Austria might still succeed in Serbia with an alternative solution. The mobile subsidiary would have to be handed over.
April 22, 2011
It is Official: T-Mobile and Orange Launch Network Cooperation
The German and French telecom companies expect to save € 60m. The network coverage is to increase by 10%.
April 22, 2011
Restructuring failed: JoWood on the brink of disappearance
The game manufacturer, already in hard financial troubles for a long time, had to announce today that the restructuring process has failed.
April 22, 2011
Austrian Government Reshuffle has been Completed
The resignation of Josef Pröll triggered a reshuffle in the ÖVP. Most of the positions have been filled by now.
April 22, 2011
aws: Willingness to Invest in Austria’s Manufacturing Industry Grows
The investment projects promoted from January to March 2011 were larger and more ambitious than one year ago.
April 22, 2011
Texas Offers Opportunities for Austria's Energy Industry
Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.
April 22, 2011
Herbst’s Withdrawal is Imminent
The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.
April 22, 2011
Rising Number of One-Day Registrations of Cars
One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours
April 22, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-21)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 22, 2011
Banner on Growth Course
The Upper-Austrian manufacturer of car batteries could raise its sales up to € 225m. Investments of € 20m are planned.
April 22, 2011
ATB in Severe Turbulences
Losses of the Austrian A-Tec subsidiary will probably exceed half of the share capital.
April 22, 2011
Erste Group Wins Lawsuit in Sweden
In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.
April 21, 2011
Capital Requirement of Austria's Banks: € 19bn
According to the Austrian National Bank, domestic banks needed at least € 19bn in equity capital by 2010 to meet capital requirements.
April 21, 2011
More Unemployed are Looking for Full-Time Jobs Than at the Start of the Crisis
The Austrian Chamber of Labor criticizes that despite the economic boom there are less full-time jobs available than before the economic crisis.
April 21, 2011
WKÖ on Mongolia: "A Country with Development Potential"
The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.
April 21, 2011
Fierce Criticism of Austria's Energy Policy
Anschober (Greens): "The Minister of Economy insists on the worst promotion policy of green electricity in Europe: this is hostile to the business and labor market"
April 21, 2011
Overnight Stays Record for Vienna in March: +3.3%
This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.
April 21, 2011
Kapsch TrafficCom IVHS and Federal Signal Corporation enter into Cooperation for North America
Kapsch TrafficCom IVHS Corp. ("KTC ,IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding regarding ways in which the two organizations mutual business interests in North America.
April 20, 2011
Research Undertaken by Enterprises is Growing Again
An increase in research expenditure of 5% is expected for 2011. The expenditure should amount to € 8.3bn this year.
April 20, 2011
Verbund Subsidiary Sorgenia Managed Turnaround
The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.
April 20, 2011
Sales Increase of 7.4% for Intersport
Sales of Intersport Austria-group grew by 7.4% to € 667.7m (2008/2009: € 622m) in the financial year 2009/2010.
April 20, 2011
Austria's Dairy Industry has Overcome the Crisis
Sales of dairies increased by 5%, results declined slightly. The export share is 43.5%.
April 20, 2011
Strong Profit Growth for Raiffeisen Landesbank Niederösterreich-Vienna
The annual income of the regional bank rose by 80.5% to € 308.6m. The operating profit grew by 57.8%.
April 20, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
Timber Production Increased Slightly Again in 2010
The timber harvest increased last year by 6.6% compared with 2009. Climate-damaged timber has decreased by 14%.
April 20, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-20)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 20, 2011
Warimpex to launch a Private Placement of Convertible Bonds
The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".
April 20, 2011
Record Results for Rosenbauer Group
The Austrian company manufacturing fire fighting vehicles could realize a rise of 70% in EBIT. Export ratio amounts to 93%.
April 20, 2011
Frauenthal: Staff Returns
The Styrian supply company was hard hit by the crisis. After an unavoidable workforce reduction, capacities are growing again.
April 19, 2011
Decrease in Profit at Hypo Lower Austria
Despite improvements in operating profits, net profit of the company drops from € 19.8m to € 7.1m.
April 19, 2011
OMV: German Refinery to be Converted
Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.
April 19, 2011
Rethinking of Health Policy Required
Junge Wirtschaft (Young Business) demands more economic incentives for healthy lifestyles for employees. This should allow an increase in retirement age.
April 19, 2011
Bad Image for Tourism-Related Professions
Austria's tourism industry workers are dissatisfied with their jobs because of relatively low pay and bad working conditions.
April 19, 2011
Insolvencies on the Rise Again
Although insolvencies for the full year 2010 decreased by almost 6%, there sees to be a trend reversal in the first three months of 2011.
April 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 19, 2011
Losses for update software AG
The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.
April 19, 2011
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