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Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Awards for Austrian Products at British Food Fair
Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.
March 19, 2011
Young Industry on Pensions: Failure of Politicians is "Evidence of Incapacity"
Mitterbauer said: "Austria continues to be a record holder for early retirement, despite the massive and long-term need for action." Inaction is "an affront to the younger generations".
March 19, 2011
Rising Sales for Pfanner
The Austrian fruit juice producer achieves sales at its pre-crisis level. In 2010, sales amounted to € 235m after € 225m in 2009.
March 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 19, 2011
Wolford Achieves Significant Sales and Earnings Growth
The Austrian luxury clothing company reached a sales increase of 6.6 percent to € 120.0 m. Net profits grew by 59%.
March 19, 2011
Mayr-Melnhof: Satisfying Results for 2010
The Austrian packaging company realized an increase in sales by 11.1.% Profit was above the previous year´s level by 13.3%.
March 18, 2011
Disaster in Japan Stops Exports
Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.
March 18, 2011
Lannacher has Delivery Problems with Iodine Tablets
The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.
March 18, 2011
Tough Negotiations Epected in Austria's Electrical Industry
Collective agreement negotiations for about 50,000 workers in the electrical industry start today.
March 18, 2011
Manufacturing Industry Supports Reform of the Energy System
Federation of Austrian Industries: "Energy efficiency has to get back into focus, the development of hydropower is a priority for Austria"
March 17, 2011 · Updated: March 18, 2011; 01:24
Leasing Business Boom in Austria
Because of capital requirements and rigid lending conditions, leasing gains in importance as a financing alternative.
March 18, 2011
Yield of Austrian pension funds: 6.5%
FMA report on the 4th Quarter 2010 of the Austrian pension funds: more assets under management, widely scattered performance.
March 18, 2011
Wienerberger Acquires Belgian Brick Producer
The Austrian brick manufacturer reached the acquisition of facing brick producer Heylen Bricks in Veldwezelt, Belgium
March 18, 2011
Austrian Airlines Reduces Losses
Loss from operating activities substantially decreased: from minus € 230.9m to minus € 64.7m. Number of passengers grew by 9.7%.
March 18, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 17, 2011
Bulgaria: EVN Thermal Power Plant Almost Completed
The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.
March 17, 2011
Steiermärkische Sparkasse Doubled Profits
The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011
Bawag: Successful Return to Profitability
The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.
March 17, 2011
Anzengruber: Austria Should Halve Energy Consumption by 2050
Verbund CEO Wolfgang Anzengruber believes that energy efficiency can be increased significantly. The energy industry needs further investments in order to achieve this.
March 17, 2011
Vienna Reacts to Predicted Housing Shortage
Union and construction industry welcome the "housing offensive" of the city government.
March 17, 2011
Satisfactory Results for Insurance Industry
According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.
March 17, 2011
Opportunities for Austrian Medical Technology in the UK
An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.
March 17, 2011
B&C Sells 29.9% of Lenzing AG
The initial step for the IPO of the Austrian pulp manufacturer Lenzing AG already has taken place.
March 17, 2011
Austrian Inflation Rate Increases up to 3.1%
Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.
March 17, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 16, 2011
Good Prospects for Kärntner Sparkasse
The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.
March 16, 2011
Concerns about "Eurovegas"
The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.
March 16, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
VBI: Romania Remains a Weak Point
The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.
March 16, 2011
Employment Reduction in Austrian Manufacturing Industry
The number of workers in the manufacturing industry fell by 3.2% in 2010. Moreover, there was a massive reduction in the demand for temporary workers.
March 16, 2011
WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"
Production value of Austrian industry remains behind pre-crisis values despite a recovery.
March 16, 2011
Bosnia is a Promising Market for the Austrian Construction Industry
The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina
March 16, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 16, 2011
Austrian Construction Costs Further on the Rise
According to Statistics Austria, construction cost continued to increase sharply in February 2011.
March 16, 2011
Bwin & Party Gaming: Merger Plan Requirements now met in Austria
Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.
March 16, 2011
Austrian Post: Stable Turnover, Increasing Earnings
Revenue was up by 0.3%. EBIT rose by 5.0% to € 156.9m. Dividend proposal to the Annual General Meeting: € 1.60 per share
March 16, 2011
Geinberg Thermal Springs are Expanding
The Upper Austrian Wellness facility is being expanded massively and gets its own luxury area.
March 15, 2011
Lenzing: Demand is Greater than Capacity
The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.
March 15, 2011
Tax Revenue from the Tyrolean Industry is Picking up Strongly
IV (Industrialists Association) President Schretter said: "The manufacturing industry contributes hugely to prosperity; no new burdens for our companies, the costs of green electricity are an enormous burden"
March 15, 2011
Sales Record for Schoeller Münzhandel
Schoeller Münzhandel, a subsidiary of the Austrian Mint, recorded sales for € 438.5m last year.
March 15, 2011
Austria Intends to Participate in World Bank Projects
AWO has been leading companies to international financial institutions: the World Bank annually awards about $ 70bn in loans for development projects
March 15, 2011
Bank Employees’ Salaries Increase at an Average of 2.3%
The union is satisfied with the salary increase of collective agreements for bank employees.
March 15, 2011
Wlodkowski: "Renewable Energy is the Only Road for the Future"
The President of the Chamber of Agriculture calls for the promotion of renewable energies. A "Fossil-lobby" allegedly wants to prevent this.
March 15, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
Austrian Post Announces Changes of Executive Board
Walter Hitzinger is appointed as director of the mail and retail division. Walter Oblin succeeds Rudolf Jettmar as CFO.
March 15, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 15, 2011
RLB Upper Austria Intends to Grow in Russia
The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.
March 14, 2011
Nufarm Expands its Site in Upper Austria
The Australian manufacturer of pesticides is expanding production capacity at Linz.
March 12, 2011
Griffner is Aiming at IPO for 2013
The Carinthian construction company, which specializes in ecological construction intends to acquire new capital in the coming years in order to expand.
March 12, 2011
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