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Majority of Enterprises Satisfied with Business Development
According to the Economic Chamber’s business barometer, the climate for investments has improved further. Enterprises worry about labor force availability.
June 15, 2011
Further Increase in Construction Cost in May
Construction cost index in May 2011: +0.5% compared to the previous month, +1.5% year-on-year.
June 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 14, 2011
Hungary Considering Buyback of ÖBB’s Rail Cargo Hungaria
The Hungarian state is interested in acquiring a stake in the Austrian Federal Railways’ cargo subsidiary which it privatized in 2008.
June 14, 2011
Shopping Tourism: Asian Visitors Spending Heavily
Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.
June 14, 2011
IMF Calls for More Ambitious Budgetary Consolidation
Austria was asked to make higher efforts to reduce its debt. The IMF recommends savings in the pension and health care systems as well as lower state subsidies in next year’s budget.
June 14, 2011
Austria Still Biggest Investor in Serbia
Since 2000, Austrian companies have invested more than € 3bn in the Balkan country.
June 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 10, 2011
Stagnating Level of New Bank Lending
Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.
June 10, 2011
Bene: Change in the Composition of the Management Board
Thomas Bene resigns from the board after having worked for the Austrian furniture company for 17 years.
June 10, 2011
Immofinanz Acquires Office Property in Warsaw
The Austrian real estate company already held 51% of the property and is now becoming the sole shareholder. The transaction includes the sale of another object to a project partner.
June 10, 2011
Miba Continues Its Growth Course
The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.
June 10, 2011
ADX Energy to Start Oil Drilling in Tunisia
The Tunisian army will guard the drilling project of the Austro-Australian oil and gas exploration and appraisal company at the Sidi Dhaher well.
June 10, 2011
Strabag: No Early Comeback in Libya
The Austrian construction company had to stop projects worth € 350m, which resulted in a decrease in business backlog by 3% to € 15.2bn.
June 10, 2011
GDP Growth Lower than Expected
Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.
June 10, 2011
Further Rise in New Car Registrations
Registrations of new motor vehicles in May 2011: +19.7%; passenger cars: +18.4%, lorries: +25.3%
June 10, 2011
Polytec Sells the Interior Segment to the Toyota Group
The Austrian component supplier divests a business segment due to high competitive pressure. The buyer is Toyota Boshoku Europe.
June 9, 2011
Verbund Evaluating Future Options for Sorgenia
The Austrian electricity company and its partner, the Milanese industrial holding CIR, will decide about the future shareholder structure of their joint venture.
June 9, 2011
ÖBB with Capital Injection for Its Italian Freight Business
The Austrian Federal Railways’ subsidiary Linea needs additional funding in order to cover its last year’s losses of € 5.8m.
June 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 9, 2011
JCL Logistics Acquires Competitor in the Netherlands
The Styrian logistics provider will become market leader in the Benelux countries. The company is active in 25 countries already.
June 9, 2011
Massive Drop in Trading at the Vienna Stock Exchange
Trading volume slumped by 42% to € 4.4bn as a result of the new capital gains tax on securities. The proportion of Austrian investors fell to 26%.
June 9, 2011
Nuclear Power Phase-Out Will Cost Austria € 600m
According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.
June 9, 2011
AUA: Broken Al-Jaber-Deal Has Consequences
One former and one current board member of the airline were sentenced to penalty payments for not having provided information to the shareholders.
June 9, 2011
Trade with the Czech Republic Is Booming
Austrian companies increased their exports to the country by 32% in the first quarter of the year. In 2010, Austria was the biggest foreign investor.
June 9, 2011
Immofinanz Sells Funds for € 137m
The Austrian real estate group decided to sell its financial investments as it is focusing on its core business. 18 funds worth € 160m are still held by the company.
June 8, 2011
Kapsch TrafficCom Records Strong Growth in 2010/11
The Austrian technology group reported the best result in its history in the last year. EBIT almost doubled to € 48.9m.
June 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 8, 2011
Nabucco Legal Framework Finalized
Project support agreements were signed by each transit country. They are a prerequisite for the successful financing of the pipeline.
June 8, 2011
Intercell to Cut Jobs and Research Budget
The share price plunged by more than 30% after the Austrian pharmaceutical company had announced the termination of a vaccine study.
June 8, 2011
Telekom Austria Acquires B.net Hrvatska
The telecommunications group purchases Croatia’s largest cable operator from Bewag, an Austrian regional electricity supplier.
June 8, 2011
RBI Could Raise More Than € 3bn
The Austrian bank prepares for issuing up to 97.75 million new shares. The company has not yet set a timetable for redemption of capital injected by the state.
June 8, 2011
Economic Growth Is Based on Households and Exports
In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.
June 8, 2011
Slight Drop in Wholesale Prices
Austrian wholesale price index in May 2011: -0.9% against April 2011, +8.1% against May 2010. Main drivers were cereals, fertilizers and coffee.
June 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 7, 2011
New Motorway Order for Strabag in Romania
The Austrian construction company is going to build a motorway section between the cities of Orăştie and Sibiu. Order volume amounts to € 166m.
June 7, 2011
Expansion Plans at Do&Co;
The Austrian catering company reported strong growth in revenue and earnings. Cash on hand will be used for worldwide expansion.
June 7, 2011
Immofinanz Considering Listing in Warsaw
The Austrian real estate group would be interested in a listing if red tape were reduced. It is currently looking for acquisition opportunities in Poland and Russia.
June 7, 2011
Swarovski to Invest in US Jewelry Retailer
The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.
June 7, 2011
Agrana Opens Production Site in Egypt
The Austrian fruit, starch and sugar company has started production in its new plant which is seen as a basis for further expansion in the Middle East and North Africa.
June 7, 2011
Strong Growth in Foreign Trade in the First Quarter of 2011
Austrian imports and exports increased by 22% in the first three month of the year. In March, trade volume amounted to more than € 11bn in both directions.
June 7, 2011
Telekom Austria Bidding for Kosovo Telecom
The Austrian telecommunications group and a Croatian competitor have been shortlisted in the privatization process of Kosovo’s most profitable company.
June 7, 2011
Bankers' Bonuses Back to Pre-Crisis Level
Bonus payments of Austrian banks have recovered from the effects of the financial crisis. Rules for the payout have become stricter.
June 7, 2011
Swedish Investor Buys Insolvent JoWood
The Austrian computer game producer will resume business after its acquisition. A payout plan ratio for the creditors has not yet been determined.
June 6, 2011
Stable PIGS-Exposure of Austrian Banks
The last quarter of 2010 has brought only minor changes in the total amount of lending to the four countries in southern Europe by Austrian banks.
June 6, 2011
Vienna Stock Exchange: Winners and Losers (2011-06-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
June 6, 2011
Austria’s Best Brands
Red Bull defended its leading position as Austria’s most valuable brand in 2010. It is followed by Swarovski and Raiffeisen.
June 6, 2011
Raiffeisen Not Interested in Hypo
The Austrian bank group is currently expanding in Poland but it is not going to bid for Hypo Alpe Adria as an acquisition “would not make sense”.
June 6, 2011
ÖBB: Opposition to Privatization Plans
Austrian Finance Minister Maria Fekter has sparked a debate about the railway company’s future. Her plans have been criticized from many sides.
June 6, 2011
HTI Announces Capital Increase
The Austrian technological group will raise about € 6.6m. Subscriptions for half of the volume have already been confirmed.
June 6, 2011
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