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New Record in Premiums for Uniqa
The Austrian insurance company announces apremium increase in group business by 8.4% to € 6.22bn.
January 29, 2011
Bawag has to Sell Non-Core Business
The Austrian bank, which is owned by the US-American investor Cerberus, is obliged to sell its non-banking subsidiaries.
January 29, 2011
bwin: Uncertain Future in Austria
After the approval by the shareholders of the merger with the British PartyGaming, the task division is still to be determined.
January 29, 2011
Up to 150,000 Insolvent People in Austria
According to the Kreditschutzverband (KSV, Credit Protection Association 9,028 people were forced into personal bankruptcy last year. The number of people at risk is many times higher.
January 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-28)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 29, 2011
ATX: UniCredit expects 11% Return in 2011
Austrian stock market outlook for Q1 2011: Vienna Stock Exchange creeps up again
January 29, 2011
Meinl Bank to Cancel Previously Scheduled Bondholder Meeting
According to Atrium, a US/Israeli real estate company, circumstances causing a cross-default event do not subsist anymore.
January 29, 2011
Pankl: Acquisition of US-company
The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%
January 29, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Teak Holz Manages Turaround
The Austrian timber company could realize profits again in the fiscal year October 2009/September 2010.
January 29, 2011
Polytec: CEO Reduces own Shares
Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.
January 29, 2011
Strabag: Russia as Growth Driver
For Hans Peter Haselsteiner, CEO of Austria's largest construction group, Poland and Russia offer the best prospects for expansion
January 28, 2011
Ruttenstorfer Acquitted
The trial against Ruttenstorfer, CEO of the Austrian oil company OMV took place yesterday. Ruttenstorfer had been charged for insider trading.
January 28, 2011
Hope for Austria's Photovoltaic Industry
The development of alternative energy sources is being pushed by additional funding. EVN is also promoting alternative energies.
January 28, 2011
Leitl Welcomes Medvedev's Idea for a European-Russian Economic Area
Closer cooperation between the EU and Russia would "stabilize economic and social development". Austria's foreign trade with Russia is flourishing.
January 28, 2011
GM Powertrain-Austria Celebrates its 20 Millionth Transmission
The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.
January 28, 2011
Sanochemia Stays in the Red
Despite improvements in its financial data, the Austrian pharmaceutical company Sanochemia does not succeed in eliminating its losses
January 28, 2011
New Sales Record for Novomatic
The Austrian gaming machine manufacturer considers the industry "on the upswing again". Casino licenses contributed to the result.
January 28, 2011
Meinl Bank Continues to Claim Default of Atrium
Meinl Bank: „Atrium zahlt Meinl Bank states: "Contrary to their own announcement Atrium is not paying back the 10.75% convertible bond". Cross default risk remains upright
January 28, 2011
Unmodified Lending Policy of Austrian Banks
Austrian banks did not change their lending policy in the fourth quarter of 2010, no modifications are expected for the current quarter either.
January 28, 2011
Verbund: Two Board Posts Vacant
The Austrian energy company advertises two executive board posts.
January 28, 2011
Telekom Austria Announces Closing of Spectrum Net Takeover
The acquisition of the second Bulgarian fixed network provider will be completed within the next weeks.
January 28, 2011
New Order in Poland for Kapsch CarrierCom
Kapsch CarrierCom has won the next large order for the deployment of a digital train radio system.
January 28, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-27)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 28, 2011
Humanomed to Expand to CEE/SEE
The Austrian Humanomed-Group, a health care company, sees potential to expand to countries in (South) Eastern Europe.
January 28, 2011
Still Losses at update software AG
update software AG, an Austrian provider of CRM solutions listed on the Frankfurt Stock Exchange, has released its preliminary results for 2010.
January 28, 2011
Erste Bank to Expand its Corporate Customer Business
Business with local companies is set to grow twice as fast as the Austrian market. Share for SME business set to rise from 24 to 33% in the next 3 years.
January 28, 2011
New Heads of Credit Risk Management at Bank Austria
Heinz Tschiltsch new head of CEE Credit Operations, Harald Brückl responsible for Special Credit Austria department.
January 28, 2011
Austrian Companies on Roadshow to Tokyo
Erste Group, RBI, VIG and Immofinanz are participating at the roadshow in Japan.
January 28, 2011
U.S. Embassy on Hypo Group: "Mini-empire in the Balkans"
New Wikileaks documents indicate that the U.S. Embassy analyzed the symbiosis between the Austrian financial and political scene.
January 27, 2011
WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China
The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.
January 27, 2011
Strong Sales Growth for DiTech
Net sales for the in-house production PC stores increased by 31% to € 96.2 m. 38.3% of sales are generated online.
January 27, 2011
Record Sales for BMW Austria
The German car manufacturer was able to set a new sales record in Austria last year. The engine plant also reports record sales.
January 27, 2011
Magna Steyr Expands Production in Graz
The German carmaker group BMW has a further model of the British brand "Mini" manufactured in Austria.
January 27, 2011
Demand for Elimination of the ÖIAG
IAs part of the succession process for the CEO position at the Austrian industrial holding (ÖIAG) political representatives are increasingly imposing conditions.
January 27, 2011
Austria's Energy Self-sufficiency until 2050
The Minister for the Environment, Nikolaus Berlakovich presents a study on the Austrian energy supply. Self-sufficiency until 2050 is feasible.
January 27, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-26)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 27, 2011
voestalpine Intends to Strengthen Equity Capital Base
The Austrian steel company plans to make itself more independent from debt. In spite of growing profits, investments remain low.
January 27, 2011
Austrian Inflation to be well above 2% in 2011
Temporary price-drivers of fuels, commodities as well as the budget consolidation spurring inflation on, but lack of cyclical inflationary pressures.
January 27, 2011
Slight Upward Trend in Austrian Tourism
Tourism in 2010: 0.4% more overnights; all-time-high in number of arrivals.
January 27, 2011
A Quiet Year for the Shopping Center Industry
Only a few large projects will be tackled in 2011 by Austria's shopping center industry; renovation of existing facilities rather prevails.
January 27, 2011
Austria's Pension Funds: 6.61% yield in 2010
Austria's pension funds generated an income of around € 800m in 2010. The annual performance is above the long-term average.
January 27, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-25)
Daily News-Flash from the Vienna Stock Exhchange: Upgrades & Downgrades, Winners & Losers.
January 26, 2011
Austria: The Gateway to Central Asia?
Leading Austrian politicians intend to attract attention at the World Economic Forum to what promises to be a new target region.
January 26, 2011
Bank Assistance is Lucrative for the State
Contrary to fears, revenues of the bank rescue package more than double the refinancing costs.
January 26, 2011
Austrian Gas Price Index Continues to Rise Slightly
The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.
January 26, 2011
voestalpine Successfully Places Bond Issue
The Austrian steel company has closed its corporate bond issue. Proceeds are € 500m, the coupon is given by 4.75%.
January 26, 2011
New Board Member at S&T
The Austrian IT-consulter S&T appoints Michael Lanik as Chief Restructuring Officer.
January 26, 2011
Slow Progress for Nabucco
The negotiations in the Caspian region are "tough", but the political will exists, say sources from the Austrian oil and gas group OMV.
January 26, 2011
Strong Increase in Sales at AT&S
The Austrian technology group records sales amounting to € 365m in the first nine months 2010, which is a plus of 34%.
January 26, 2011
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