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Zagreb Airport: Austrian construction companies hope for an addition
Austrian construction companies Strabag and Alpine fight for the award of an additional contract in a € 200m project.
May 11, 2011
Intercell: Sale Is No Longer Ruled Out
The new CEO of the Austrian pharmaceutical company, Thomas Lingelbach intends to implement a new strategy for the company. A sale is possible.
May 11, 2011
WIFI International: Partnership with TOBB University of Ankara
The Austrian (WKÖ) and the Turkish (TOBB) Economic Chambers have signed a Letter of Intent for an educational partnership with WIFI.
May 11, 2011
Siemens Manufactures Parts for a New Train Generation in Graz
Siemens manufactures components for 130 new trains for the Deutsche Bahn (DB-German Railways) until 2030 in Graz. The contract is worth € 6.0bn.
May 11, 2011
Moderate Increase in Austrian Construction Prices
Construction output price index (new base year 2010) increases in the first quarter of 2011 by 4.2%.
May 11, 2011
Bosch Group Continues Growing in Austria
Bosch has had a good start in Austria in its anniversary year 2011 and continues having favorable growth prospects. Sales rose by 9%.
May 11, 2011
Radovan Jelasity appointed CEO of Erste Bank Hungary
Radovan Jelasity (43) will join Erste Bank Hungary as of 1 June 2011. Subsequent to the approval of the respective Hungarian authorities, he will be appointed Chief Executive Officer (CEO).
May 10, 2011
UniCredit Leasing Still Number 1 in Austria's Leasing Market
With an increase of 43 per cent in the new business volume to €763m and a market share of 13.3 per cent, UniCredit is the clear market leader in Austria in 2010 again
May 10, 2011
Still Rise in New Car Registrations
Registrations of new motor vehicles in April 2011: +2.4%; passenger cars: +5.0%, lorries: -0.1%
May 10, 2011
"Need for Improvement" in Austria's Capital Market
According to a study by Ernst &Young;, the domestic capital market shows deficits particularly in the areas of investor protection, the depth of the capital markets and corporate governance.
May 10, 2011
Palfinger: Rise in Revenues by 48% in Q1/2011
Huge plus in revenue and earnings recorded in the first quarter of 2011. The Austrian crane manufacturer expects further growth for 2011.
May 10, 2011
Semperit Announces Earnings and Sales Growth
Revenue increase of +27% to € 194 m - rising costs of materials increased pressure on margins - Earnings after tax up +20% to € 11 m
May 10, 2011
Resistance to Privatization Plans
The SPÖ criticized the plans of its coalition partner ÖVP to reduce public participation in order to abate debt.
May 10, 2011
Wienerberger: Improvements, But Still Losses
Group revenues: up by 41% to € 395.1 m. Operating Profits could increase significantly. Net Losses amount to € 45.1m.
May 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 10, 2011
Austria's Energy Industry Considers the U.S. as a Promising Market
The U.S. market offers opportunities for Austrian technology in solar systems, pellet stoves, biogas, biomass and software to control wind turbines
May 10, 2011
Strong Upswing in Austria
Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.
May 10, 2011
RBI Joint Bookrunner for € 1.75bn Bond
The bond, which is issued by Banca Monte dei Paschi di Siena, is the second largest EUR-denominated senior unsecured issue by an Italian bank in 2011
May 10, 2011
Oracle Partners with Linz University
The U.S. software giant opens a research laboratory at the Johannes Kepler University in Linz.
May 10, 2011
Raiffeisen International Bank Intends to Get Further Involved in Poland
After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.
May 10, 2011
bwin.party Reports Slight Increase in Revenues
Total net revenue up 2% to €217.8m (2010: €213.9m); average daily revenue up 4% versus the previous quarter with growth in sports betting and casino & other games offset by weakness in poker.
May 9, 2011
Atrium Strengthens Polish Portfolio
Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.
May 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 9, 2011
Profit Decline for C-Quadrat
Strong increase in management fees from € 7.6 m to € 11.5 m (+52 %). Net profit amounts to € 1.0 m.
May 9, 2011
Kraft Foods Austria Reports Rising Sales
The U.S. food company could rise its sales figures by 4.8% in Austria. However, costs are increasing substantially.
May 9, 2011
Strong Rise in Foreign Trade Figures
January to February 2011: Austrian imports increased by 26%, exports rose by 24%.
May 9, 2011
Contradictions Regarding Expenditure for Bank Package
According to Eurostat, € 1.4bn more were spent on bank assistance than the corresponding revenues. The Ministry of Finance contradicts this.
May 7, 2011
Telekom Austria: Serbian Deal Failed
The new offer by Telekom Austria is rejected in Serbia: the sale has failed.
May 7, 2011
Infineon Makes an Investment for € 200m in Austria
The German technology group has announced that it intends to create 400 new jobs in Austria. The semiconductor production is to be expanded.
May 7, 2011
Austria's Export Are Heading for Another Record Year
Exports grew by 24% to € 18bn in the first two months of 2011, continuing to be a crucial pillar of the Austrian economy.
May 7, 2011
Workers Continue Feeling the Crisis
The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.
May 7, 2011
Optimism in Chemical Industry for 2011
2010 represented a comeback for the chemical industry. A production value increase of 16% to € 14.2bn was reached, and exports grew by 16.7%.
May 7, 2011
Significant Rise in Wholesale Prices
Austrian Wholesale price index in April 2011: +9.5% against April 2010. Main Drivers are Cereals, Fuel and Fertilizer.
May 6, 2011
Nabucco Announces Further Delay of Pipeline Project
Nabucco Gas Pipeline International GmbH today announces a revised timeline for the Nabucco pipeline project., which is due to a lack in suppliers.
May 6, 2011
Optimism at AT&S
The Management Board expects developments of the increasing prevalence of electronic systems in everyday life to deliver above-average benefits for the AT&S Group.
May 6, 2011
Prosperity to Rise, But Savings Propensity on a Decline
Monetary wealth of Austrians expected to rise 14.4% or from € 7,900 to 62,800 by 2015; savings ratio to decrease from 9.1% to 8.1%. In 2010, Austrians saved € 1,819 on average.
May 6, 2011
Profit Decline for BWT
Results of the first three months 2011: Sales +3.2% to € 115.6 m, EBIT -20.2% to € 6.2 m, net income -33.8% to € 3.6 m
May 6, 2011
Andritz: Good Business Development in the First Quarter of 2011
The Austrian technology Group increased all relevant key figures compared to last year’s reference period.
May 6, 2011
ÖVAG in the Black Again
The central institution of the Austrian Volksbanken was able to achieve a profit of € 67.6m in 2010 after losses for € 24.5m reported in 2009.
May 6, 2011
Is Nabucco Turning into a Cost Trap?
The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.
May 6, 2011
BDI Receives Major Order in Germany
Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.
May 6, 2011
Austria's Shopping Centers are Growing, but Not Getting More Productive
The productivity per area of the shopping centers in Austria shows a mixed picture according to a RegioPlan analysis.
May 6, 2011
Surprising Profit at ASFINAG
With an annual result of € 339m for 2010, the Austrian motorway financing company had much better results than expected.
May 6, 2011
Austria Tabak Plant Closes Down
Austria Tabak will close the cigarette factory in Hainburg. 320 jobs will be lost.
May 6, 2011
Immofinanz takes over 100% of Zagreb’s Grand Centar
Immofinanz acquired the remaining 20% stake in the Grand Centar in Zagreb through its subsidiary Immoest Allegro. This stake was previously held by Generali Immobilien AG.
May 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 5, 2011
Miba Engine Running at Full Speed
The Austrian component supplier could significantly increase its results. EBIT could rise more than threefold. Investments are pushed strongly.
May 5, 2011
Austrian Airlines Cannot Achieve Turnaround
The Austrian Airlines, which is in a restructuring process, is still deep in the red. In the first quarter of 2011, operating losses amounted to € 63.5m.
May 5, 2011
Better Results for Lenzing
The Austrian pulp manufacturer Lenzing expects better performance in 2011 than originally forecast.
May 5, 2011
Lingelbach New CEO for Intercell
Intercell announces new management structure: Thomas Lingelbach appointed new CEO; new Supervisory Board members proposed.
May 5, 2011
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