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Significant Rise in Air Travel
Air passenger transport in Austria increased by 7.9% in 2010. The biggest growth rates were observed at Vienna International Airport.
April 30, 2011
voestalpine Awarded Major Contract in London
20.000 tons of pre-cut heavy-plate shapes from Linz, Austria, for windpark near London. Offshore wind tower project saving up to 560,000 tons of CO2 emissions.
April 30, 2011
FACC Reports Substantial Rise in Earnings
FACC AG returned to its planned rate of growth during the past fiscal year by virtue of strong operational business developments. Revenue rose 8% to € 272 m (previous year: € 251 m).
April 30, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-29)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 29, 2011
UNIQA Records Strong Growth in Premiums and Profit in 2010
Premiums up 8.4% in the Group to a total of €6,224 m. Life insurance is the growth driver with an increase of 13.1%
April 29, 2011
austriamicrosystems Reports Improving Results
austriamicrosystems reports year-on-year revenue and earnings growth for the first quarter of 2011 driven by robust demand across target markets.
April 29, 2011
Raiffeisen Postpones Stock Exchange Plans
The banking group has to postpone for two or three years the IPOs of the agricultural holdings NÖM and LLI planned for 2011.
April 29, 2011
Austria's Deficit in 2011 at 3.9 Percent
Despite the economic recovery, the debt will increase significantly again in 2011. The consolidation will take place from 2013 onwards.
April 29, 2011
Austria's Soybean Production is Booming
According to the Ministry for the Environment, the area of domestic soybean planting and the harvest have increased by one third in 2010.
April 29, 2011
High Tech Industries Achieves Turnaround
HTI High Tech Industries AG ("HTI"), currently listed in the mid market of the Vienna Stock Exchange, generated significant earnings growth in the first quarter of 2011.
April 29, 2011
Doppelmayr Scores € 105m Contract
Doppelmayr Italia GmbH was awarded the contract for the construction of the new ropeway on the Mont Blanc.
April 29, 2011
Austrian Tourism: Small Decrease in Overnights
Current tourism winter season 2010/11: Overnights decreased slightly by 0.9% - rise in overnights in March by 2.7%.
April 29, 2011
WKÖ Considers Nevada as Optimal Trading Partner
Nevada is diversifying towards renewable energies: huge opportunities for Austrian companies are expected.
April 29, 2011
Revenue Growth by 30% for Quanmax
In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.
April 28, 2011
Shutdown Petrochemicals – OMV Plant Overhaul at Schwechat Refinery
The OMV Refinery in Schwechat (Lower Austria) will undergo a further routine shutdown from May 3. This time, the petrochemical plant parts will be out of commission for around one-and-a-half months.
April 28, 2011
Verbund: Development of Operating Result Positive
Verbund, Austria's biggest electricity company, presents a considerable better operating result in quarter 1/2011, but a declining Group result due to one-off effects in the previous year that do not apply in the current reporting period.
April 28, 2011
Strabag Reports Stable Results
Revenues of the Austrian construction company decline slightly. Earnings per share show a plus of 8 % to € 1.53 – Management Board proposes a dividend per share of € 0.55.
April 28, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Erste Group Reports Small Profit Increase
Erste Group increases Q1 2011 net profit to € 260.6 m on lower risk costs, despite negative impact from banking taxes.
April 28, 2011
Austrian Educational Level Rises
Educational level of young people aged 15 to 34 compared with their parents: Trend towards higher education.
April 28, 2011
Decline in Profits for Wiener Privatbank
The profits of the Privatbank fell by 34% in 2010. The bank reported an equity ratio of 48% on the 2010 balance sheet date (31 December 2009: 44%).
April 28, 2011
Optimism in Austria's Textile Industry
Austria's textile, garment, footwear and leather industry (TBSL) recorded more employees and annual sales above € 4bn in 2010. However, massive increases in raw material prices are cause for worry.
April 28, 2011
Strabag: Significant Rise in Earnings Expected
According to analysts, the Austrian construction company will record a substantial rise in profits. However, sales will decline.
April 28, 2011
Wind Power is an Important Economic Factor in Austria
The entire wind industry, including supply and service companies, offers jobs for approximately 3,300 employees in Austria and generated sales for € 470m in 2009.
April 28, 2011
Sales Increase for Plaut
Plaut Aktiengesellschaft, which is listed on the General Standard segment of Frankfurt Stock Exchange announces a significant growth in sales as well as profits.
April 28, 2011
Vienna’s Real Estate Market is Booming
With the third quarter of 2010, the trend started to reverse for the Viennese real estate market. Property is booming again, rental real estate loses demand.
April 28, 2011
Zehetner Remains CEO at Immofinanz
The Supervisory Board of the Austrian real estate company extends Executive Board contracts for Eduard Zehetner and Daniel Riedl.
April 28, 2011
SW Umwelttechnik Reports Satisfying Rise in Sales
Sales of the Austrian technology company were up by 12%. The company completed its first major export projects in Bulgaria and Moldova.
April 28, 2011
Lending Behavior of Banks Remains Stable
The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.
April 28, 2011
Industrial Business Situation: Optimism with Restrictions
Economic recovery continues in Austria, as well as employment growth. Capacity utilization remains stable
April 28, 2011
Vienna Insurance Group Launches new ADR Programme in the US
The Vienna Insurance Group AG Wiener Versicherung Gruppe is grouping the independent American Depositary Receipt (ADR) programmes.
April 28, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-26)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 27, 2011
OMV Starts Operations in Tunisia
El-Badr-5 is the first OMV operated production well to go into operation with a production of 1,500 boe/d. Durra production concession has been granted. Both assets were part of the Pioneer portfolio acquired earlier this year.
April 27, 2011
Erste Group: Slight Increase in Profits Expected
UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.
April 27, 2011
"Austria has Lost its Chance"
The labor market opening of Austria for the more recent EU member states comes too late, according to the manufacturing industry.
April 27, 2011
Austrians are Patriots when Shopping for Food
A majority of Austrian consumers puts emphasis on the domestic origin of food.
April 27, 2011
New High for Austria´s New Indebtedness
Austria´s budget deficit for 2010 is at 4.6%, which is the highest one in the last 15 years. However, the average of EU-countries is even higher.
April 27, 2011
According to its Employees, S&T is “Ripe for Bankruptcy"
The leadership of the troubled Viennese IT company is trying to hide an impending bankruptcy according to the company’s employees.
April 27, 2011
EVN-Subsidiary Records Substantial Rise in Profits
The Rohöl-Aufsuchungs AG (RAG) shows a 23.1% increase in sales. Profits were up by 60%.
April 27, 2011
Vienna International Airport: Kirschner is the New Chairman of the Supervisory Board
Ewald Kirschner will temporarily lead the Supervisory Board until CEO Christoph Herbst takes over the chair again. Opinions are divided concerning the privatization of the company.
April 27, 2011
Christof Holding AG Takes over BEA Electrics from bluO
With the acquisition of 100 % of Vienna-based BEA Electrics, the Styrian Christof Holding AG, which is wholly owned by the Christof family, continues its expansion.
April 27, 2011
Teufelberger Becomes Supplier of Automotive Industry
The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.
April 27, 2011
OMV: No Increase in Share on Petrom
The Austrian energy company OMV will not participate in OMV Petrom secondary public offering.
April 27, 2011
Hypo Tirol Continues Restructuring Process
The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.
April 27, 2011
Al Jaber Intends to make further Investments in Austria
Despite massive criticism of business partners and rumoured illiquidity, the Saudi investor Mohammed Al Jaber wants to realize further investment projects.
April 26, 2011
Kern Leads an Image Campaign for ÖBB
With humorous content, but caused by the serious situation of the Austrian State Railway, CEO Christian Kern intends to promote greater understanding for the Group.
April 26, 2011
Windtner Pleads for expansion of Electricity Grids
The CEO of Energie AG considers that an energy revolution is about to happen in an interview with the newspaper "Kurier". The relevance of electric vehicles is expected to grow slowly but steadily.
April 26, 2011
Surplus of Timber in Austria
More timber grows in Austria's forests wood than is harvested. The Chamber of Agriculture calls for looser terms of use.
April 23, 2011
Al Jaber in Distress
Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.
April 23, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
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