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RHI: Plans for New Plant in the US
The Austrian producer of refractory materials intends to open a new factory in the US. In the long run, bricks for the North American market will be produced locally.
July 4, 2011
Austrian Industrial and Construction Turnover up by 14.0%
Positive production trends in industry and construction in March 2011; turnover +14.0%. Metal industry and automotive industry are dominant factors.
July 1, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 1, 2011
Verbund: Speculations about Increase in Sorgenia Stake
The Austrian electricity company might sell its shares in Poweo and instead acquire its joint venture partner’s stake in Sorgenia.
July 1, 2011
voestalpine is the Leniency Applicant in the German Rail Cartel
The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.
July 1, 2011
Moody’s Gives Negative Outlook for Carinthia
Austria’s southernmost province received a negative outlook due to an increasing budget deficit, high debt and credit guarantees for Hypo Alpe Adria.
July 1, 2011
New Employment Record in June
The number of unemployed fell by 2.3% to 268,866 in June. The positive development has lasted for 16 months already.
July 1, 2011
Economic Upswing Continues: Wifo and IHS Expect 3% Growth
Both research institutes revised their forecast for the current year upwards. Economic risks are also predicted to increase.
July 1, 2011
Kapsch TrafficCom Makes Important Step in Russia
A joint venture of the Austrian technology group has made it to the final stage of a tendering process for a Russian highway project.
July 1, 2011
A-Tec Received Binding Offers from Investors
Investors will need at least € 210m in order to fulfill the payout plan. Up to five potential buyers were still interested in an acquisition.
July 1, 2011
S&T: Operating Loss Widened
The ailing Austrian IT service provider has not yet achieved the turnaround. Half of the company’s share capital has already been used up.
June 30, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 30, 2011
Construction Output Down by 5.1%
Austrian output of construction of buildings and civil engineering decreased by 5.1% from January until March 2011. Volume of orders fell by 3.2%.
June 30, 2011
Successful Start for RBI’s Direct Bank Zuno in Slovakia
18,000 Slovak customers have deposited a total amount of € 125m in the first six months since the bank entered the market in December 2010.
June 30, 2011
RBI: Acquisition of Polbank Stake Advancing
The Austrian bank has received anti-trust approval of the deal. Closing and operational merger are expected in Q4/2011 or Q1/2012.
June 30, 2011
Wienerberger Received Green Light for Tondach Acquisition
The Austrian brick producer will transfer 50% of the shares in Bramac to Monier Group and, in exchange, receive a further 25% stake in Tondach Gleinstätten plus an additional payment.
June 30, 2011
Wilhelm Molterer Appointed Vice-President of the EIB
The former Austrian Vice Chancellor and Finance Minister will start his new job as Vice-President of the European Union’s bank on 1 July.
June 30, 2011
Austria’s Foreign Trade Close to Record Level
Austrian imports and exports recovered strongly and increased by more than 16% in the year 2010. The trade balance deficit amounted to € 4.28bn.
June 30, 2011
Austrian Government Debt Grew to € 210bn
Debt of the federal sector increased by € 6.3bn, while all other sectors registered a decline. Social insurance carriers’ debt fell by 32%.
June 30, 2011
bwin.party to Start Share Buy-Back and Dividend Payments
The Austro-British gambling group starts paying dividends this year. Shares for up to € 75m will be bought back by the company.
June 30, 2011
Novomatic Not Interested in Lottery Concession
The Austrian gaming machine manufacturer is not interested in expanding into the lottery business. The company will only apply for casino licenses.
June 29, 2011
Pfanner with Record Investment
The Austrian fruit juice and ice tea producer will make the largest investment in its history. A 5% increase in revenue is planned this year.
June 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-29)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 29, 2011
Industrial Activity Is Cooling Down
Growth of Austrian industrial production has reached its lowest level since the beginning of 2010. The rate of job creation is leveling off.
June 29, 2011
Increase in Austrian Electricity Price below EU Average
Electricity and gas are relatively expensive in Austria compared to other EU countries. The electricity price rose by 1.1% in 2009/10.
June 29, 2011
Retirement Provisioning: Austrians Put aside € 63 per Month
Retirement provisioning study 2011: Austrians prefer low-risk investments. 58% rely on the financial knowledge of their bank account managers.
June 29, 2011
voestalpine May Revive Plans for New Factory
The Austrian steel company may revive plans next year to build a plant abroad as rising demand boosts prices.
June 29, 2011
Labor Force and Household Projections for Austria 2010-2050
The Austrian labor force is predicted to reach a maximum of 4.2 million in 2018. The number of households in 2050 will be up 19.8% over 2009.
June 29, 2011
RLB OÖ to Sell Its Stake in Polytec
The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.
June 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-28)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 28, 2011
Teak Holz to Raise Capital for Expansion
The Upper Austrian timber company announced a capital increase by € 15.6m. The funds will be used to boost growth.
June 28, 2011
Slight Decline in Company Insolvencies
Private insolvencies are on the rise, while the number of companies filing for bankruptcy is falling moderately.
June 28, 2011
Austria in the Upper Third of Comparative Price Levels across Europe
Austria recorded the eighth highest price level among the 27 EU member countries. Food and energy were found to be the most expensive segments in the country as compared to European prices.
June 28, 2011
Peter Layr New President of Oesterreichs Energie
The CEO of EVN will succeed Wolfgang Anzengruber as President of the branch association of Austrian energy. He was elected for three years.
June 28, 2011
Volksbanken Group to Sell Stake in RZB
Österreichische Volksbanken-AG Group (VBAG) will sell its shares in Raiffeisen Zentralbank for almost € 500m. The redemption of state capital and the sale of VBI have been delayed.
June 28, 2011
S&T Wins Contract in Serbia
The Austrian IT service provider will be responsible for the implementation of the largest SAP project in Serbia in the last years.
June 28, 2011
ACP Says No to IPO
The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.
June 27, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-27)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 27, 2011
HTI Successfully Completed Capital Increase
The Austrian technological group raised € 6.6m of additional equity. The capital increase was over-subscribed by 26%.
June 27, 2011
Verbund to Restructure Its Portfolio
The Austrian electricity company is negotiating the sale of French Poweo. Eni and Enel are said to be interested in an acquisition.
June 27, 2011
Uniqa Sold Stake in Romanian Company
The Austrian insurance group sold its 27% holding in Astra for € 25m to the Nova Group.
June 27, 2011
Profit Situation of Austrian Banks Improved Significantly
The banks recorded a positive development in the first quarter. However, net profits of the full year will fall as a result of the newly introduced bank tax.
June 27, 2011
voestalpine Acquires Dutch Company’s Research Department
The Austrian steel company expands its portfolio in railway systems technology with the acquisition of Baas R&D. The transaction is expected to boost expertise in diagnostic systems for rail transport.
June 27, 2011
Weak Start of Summer Season in Austrian Tourism
Tourism in May 2011: 11.6% less overnights and 7.9% less guests. The number of visitors from CEE increased strongly.
June 27, 2011
Zumtobel Achieved Turnaround
The Austrian lighting company announced strong results. Revenues increased by 10.2%. Net profit for the year is firmly back in the black at € 51.3m.
June 27, 2011
“We Need to Increase Support for SME”
Experts say the government’s efforts for increasing the research quota are half-hearted. € 600m per year would be necessary to achieve the target.
June 24, 2011
Five Investors Still Interested in A-Tec
A-Tec boss Mirko Kovats has to find a buyer for his insolvent group by June 30. Investors will need at least € 225m in order to fulfill the payout plan.
June 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 24, 2011
Erste Group: Delayed Redemption of State Capital
The Austrian bank will not repay the € 1.2bn of participation capital before the end of the month, probably due to the ongoing stress test.
June 24, 2011
WIFI International Expanding into Albania
The education provider continues its internationalization strategy and is now active in nine CEE/SEE countries.
June 24, 2011
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