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AUA: Additional Savings Needed
The restructuring program of AUA is not sufficient to bring the company into positive numbers in view of the events in Japan and North Africa.
April 7, 2011
Red Bull Mobile now also in Belgium
The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.
April 7, 2011
A-Tec: Restructuring With Success Prospects
The insolvent A-Tec Group might actually succeed in completing its reorganization. An investor has yet to be found by the end of June.
April 7, 2011
S&T Reduces Jobs
The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 2011
Austrian Paper Industry Shows Itself Cautiously Optimistic
2010 was marked by a production volume increase of 9%. Investment behavior remains hesitant.
April 7, 2011
Massive Increase in Wholesale Prices
Wholesale price index in March 2011: +12.1% against March 2010. Cereal and feeding stuff prices almost doubled.
April 7, 2011
Saving in Austria Decreases
According to Statistics Austria, Household saving rate down to 9.1% in 2010.
April 7, 2011
Polytec Achieves Turnaround
The Austrian component supplier could improve its results substantially. Net profits are in the black again.
April 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 7, 2011
Bene Still in the Red
The Austrian furniture company could improve its results slightly. However, EBIT is still negative. Turnover decreased by 5%.
April 7, 2011
Austria's Economy Remains Small Structured
About 238,000 or 55.6% of the members of the Economic Chamber are one-person enterprises. Their proportion has even risen slightly recently.
April 7, 2011
Andritz Defends Itself against the Greens
The Austrian technology group rejects vehemently the accusation of the Greens concerning the alleged sale of nuclear technology to Pakistan.
April 6, 2011
Serbia: Intense Resistance to Possible Sale to Telekom Austria
Tempers run high In the sale process of selling the majority government owned Telekom Srbija. The union puts pressure on the Serbian government.
April 6, 2011
Saubermacher: Further Expansion in the SEE Region
The Austrian waste recycler takes over a Croatian supplier and takes further expansion steps.
April 6, 2011
Tough Collective Bargaining in the Electrical Industry
The second round of collective bargaining in Austria's electrical industry had to be interrupted. About 50,000 workers are affected.
April 6, 2011
Hirsch Servo Opens New Plant in Romania
Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.
April 6, 2011
Renewable Energy as a Sustainable "Job Driver"
For the President of the Chamber of Agriculture (LK, Landeswirtschaftskammer Österreich), Gerhard Wlodkowski, renewable energies secure an edge on technology and high-quality jobs.
April 6, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 6, 2011
Austrian Trade Union Continues to Lose Members
The Austrian Trade Union Federation (ÖGB) registered a loss of 11,000 members last year. The decline showed a slight reduction.
April 6, 2011
Economic Growth in CEE and Austria Remains Solid
Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.
April 6, 2011
Central Asia as a Region of the Future for the Austrian Export Business
The Austrian Federal Economic Chamber (WKÖ) sees excellent delivery and investment opportunities for the domestic economy in Central Asia.
April 6, 2011
FACC Expands Austrian Establishment
The Chinese aircraft component group accelerates the pooling of development activities at the Upper Austrian establishment.
April 5, 2011
Green Jobs are Booming in Austria
Environmental production and services sector defies the crisis – 2009 employment increases by 3.7%.
April 5, 2011
Koren Leaves Bawag
Bawag P.S.K. announces that the Deputy Chief Executive Officer Stephan Koren will not be available for an extension of his term of office as of 1 May.
April 5, 2011
Volume of Bank Austria Wohnbaubank Bonds Remained Stable
Bank Austria could hold its dominant position in the Austrian residential construction bonds market in 2010.
April 5, 2011
Bank Schelhammer & Schattera with Stable Results
The operating results of the Austrian bank are at the same level as in the previous year. Lending volume and customer deposits increased slightly.
April 5, 2011
Plansee Expands Into Chile
The Austrian Plansee Group acquires minority ownership of the Chilean company Molibdenos y Metales S.A.
April 5, 2011
Wienerberger Acquires French Plastic Pipe Business from Alphacan
Alphacan France is a specialist for the development, production and maketing of PVC pipe systems.
April 5, 2011
Basel III: Leitl Demands Adaptation for SMEs
The implementation of Basel III should take business financing into account, for which reason national support measures are necessary for capital strengthening of small businesses.
April 5, 2011
Schlumberger Takes Over Distribution of Evian and Volvic
The Austrian sparkling wine producer considers this cooperation a "strategic expansion of the beverage competence by means of international Danone water brands".
April 5, 2011
Increase of Profits at RLB Tirol
Raiffeisenlandesbank Tirol registered a higher yearly net profit despite falling income. Risk provisions were greatly reduced.
April 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 5, 2011
Isovoltaic: IPO Fixed
The Austrian component supplier in the solar power industry will be listed at the Vienna Stock Exchange. The subsription period starts by Monday.
April 4, 2011
Strong Year 2010/11 for Keba
The automation company has seen strong revenue growth in the previous year. The growth outlook is positive thanks to new markets.
April 2, 2011
Slight Rise in Results for Sparkasse Oberösterreich
The regional bank could achieve an operating profit of € 96m in 2010. This enabled the pre-crisis levels to be reached again.
April 2, 2011
Intercell Announces next Steps of Development for Pseudomonas Vaccine
Today Intercell AG announced that it has agreed with Novartis to advance Intercell's investigational Pseudomonas aeruginosa vaccine into a confirmatory clinical efficacy trial in ventilated ICU (Intensive Care Unit) patients.
April 2, 2011
Forecast: Austria's Economic Growth in 2011 at 2.5%
The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.
April 2, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 2, 2011
Mitterlehner PromotesTourism Strategy for Austria
The Minister of Economy is working on a new alliance of federal and provincial governments in order to focus on marketing, subsidies and innovations for the tourism industry.
April 2, 2011
Decreasing Output in Austria´s Construction Industry
Output of construction of buildings and civil engineering decreasing by 4.7% from January to December 2010. Volume of orders increasing by 0.3% at the end of December 2010.
April 2, 2011
Austrian Industrial Production on the Rise
Positive production trends in industry and construction in December 2010; turnover +15.8%
April 2, 2011
BWT Back on Growth Path
Sales of the Austrian water technology company rose by 15.0% to€ 460.7m. EBIT is up by 17.4% to € 31.5m.
April 2, 2011
Southeastern Europe as a Region of Hope for Austria
Great interest of Austrian companies at the Austria Foreign Trade Forum on Export and Investment Opportunities in Southeastern Europe
April 2, 2011
Austria's Unemployment Continues to Fall
Unemployment decreased in March by 5.2%. The number of participants in training courses is also falling.
April 2, 2011
Vienna Insurance Group: Satisfying Results in 2010
Group premiums raised by 7.2 percent to € 8.6bn. Profit (before taxes): clear increase by 15.1 percent to € 507.8 m.
April 1, 2011
Turkcell Intends to Get Into Austria
The Turkish mobile operator strives for an entry into the Austrian market.
April 1, 2011
CEO Roiss: "OMV: an international player with Austrian roots"
The new CEO of OMV plans a strategy review on three main areas: regional focus, portfolio development and future challenges.
April 1, 2011
Good Prospects for Quanmax
The Austrian distributor of IT products could increase its profit. This year, the sales target is € 100m for the first time.
April 1, 2011
Frauenthal: Turnaround in 2010 Completed
Revenue was up by 19% to € 539.4 m (m). Profits rose from € -29.4m to € +17.4m.
April 1, 2011
Mitterlehner: New Modernization Partnership Concluded with Russia
Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.
April 1, 2011
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