Latest News

Bank Taxes: „Job Cuts or Price Increase”

According to Michael Ikrath, bank representative of the “Sparkassen”, the new charges for Austrian banks are the highest in Europe.

January 17, 2011

Alpine Wins Contract in London

The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)

January 16, 2011

Treichl: Massive Criticism on Austrian Government

Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.

January 16, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Mixed Results for Linz Airport

2010 ended with a historical record in freight earnings for the “blue danube airport linz” However, regular passenger volumes decreased slightly.

January 15, 2011

Austria's wind Energy Expands

After years of stagnation, capacities for wind energy are now being expanded again. IG Windkraft considers that subsidies are too low.

January 15, 2011

Poland is a Big Opportunity for Austria's Export Economy

The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.

January 15, 2011

Austria's Funds Showed a Plus in 2010

2010 was another year of gains for Austrian funds: of 1601 funds, 1464, showed a positive performance.

January 15, 2011

ATX still Undervalued

Much upward potential still exists for the Austrian leading index, because the ATX is still undervalued, according to Alois Wögerbauer.

January 15, 2011

ATX Restructuring Expected

It is expected that the three real estate securities, CA Immo, Conwert and Immofinanz will rise into the Austrian ATX Prime leading index.

January 15, 2011

AMS Expects Marked Relaxation of the Labor Market by 2013

The Arbeitsmarktservice (AMS, Labor Market Service) foresees a significant increase in labor supply on the Austrian labor market. Unemployment will stagnate.

January 15, 2011

Only Slight Increase in Austrian Minimum Wages

Index of Agreed Minimum Wages 2010: low increase due to economic crisis.

January 15, 2011

Inflation Increased up to 2.2% in Austria

The Consumer Price Inflation (HICP) increased up to 2.2 % in December 2010. This was mainly due to energy prices.

January 15, 2011

Bank Austria Increases its CA-Immo Stake

The UniCredit-subsidiary intends to acquire a major stake of the Austrian real estate company CA Immo.

January 15, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-14)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 15, 2011

Investment Inhibition in Austrian Companies

The investment situation of Austrian companies is analyzed in the liquidity situation report by PwC. There are still frictions present on the capital market.

January 14, 2011

Customer Growth for Construction Savings Bank ABV

In 2010, the Austrian construction savings bank ABV granted building loans for € 287m.

January 14, 2011

Increase of Payment Difficulties for Austria’s Private Households

Estimated 270,000 Austrian households are currently facing financial difficulties and are not able to serve credit sufficiently.

January 14, 2011

New Charges against Ruttenstorfer

The chairman of Austria's OMV is accused of market manipulation because of an interview.

January 14, 2011

Bank Austria Bids for Bank of Moscow

The UniCredit subsidiary is reported as holding talks with the Bank of Moscow to acquire a 46.5% stake.

January 14, 2011

New Perspectives for Nabucco

The European Commission wants to commit Azerbaijan to supply gas to Europe. This is expected to be done via the Nabucco pipeline.

January 14, 2011

Bawag and Post Share 520 Branches

Investments in the common branch network of the Austrian Post and the U.S. fund Cerberus owned Bawag are running.

January 14, 2011

Austria's Competitiveness Increases Slightly

Austria rose one place, to the 21st, in the ranking of the most liberal economies.

January 14, 2011

Agrana´s Upward Trend Continues

With a strong third quarter, Agrana, the Austrian sugar, starch and fruit group, continued its positive performance of the current financial year.

January 14, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-13)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers

January 14, 2011

Bright Outlook For Magna

The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.

January 14, 2011

Austria Savers Remain Conservative

Saving behavior in Austria remains unchanged with a high degree of popularity of traditional building savings plans and bank savings accounts.

January 13, 2011

Austria's Trade Deficit with China Shrinks

Thanks to the rising export figures, the trade deficit in the traditionally negative balance with China is declining.

January 13, 2011

Sales Increases for the Pfeiffer Group

The Upper Austrian commercial group increased its sales last year to € 682m. Price pressures are however immense, according to Pfeiffer.

January 13, 2011

Turkish Electricity Market Threatens to Collapse

The increasing energy demand in Turkey is facing a lack of infrastructure. Austrian Verbund will expand its investments.

January 13, 2011

AUA and Flyniki: Passenger Growth

Austrian Airlines increased its number of passengers by 9.7% in 2010; Flyniki achieved an increase of 29%.

January 13, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-12)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 13, 2011

Slow upward trend in Austria's trade and handicrafts

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

January 13, 2011

Harsh Criticism of Government by Junge Industrie

Junge Industrie (Young Industry) an interface organization of the Industriellenvereinigung (Industrialists’ Federation) criticizes particularly the pension policy.

January 13, 2011

WKÖ endorses policy of the European Commission

The Austrian Economic Chamber welcomes the focus of the EU Commission on structural reforms, consolidation of public finances and competitiveness.

January 13, 2011

Austrian Regional GDP Growth: Upper Austria Quotes Statistics

Gross regional product 2008: Upper and Lower Austria reached a nominal growth rate clearly above the national average

January 13, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

Growth in Austria's Foreign Trade and Direct Investment

Austria's goods, services and capital transactions abroad grow strongly, a sign of solid recovery.

January 13, 2011

Auer-Welsbach Pleads Not Guilty

The former CEO of the Austrian AvW stays by his actions on the first day of his trial.

January 12, 2011

Imtech Austria has Expansion Plans

The subsidiary of the Dutch Imtech Corporation, located in Linz, wishes to get into Eastern Europe and achieve stronger growth.

January 12, 2011

Crash of JoWood’s Share

After the insolvency submission, the Austrian game manfacturer’s shares had to be suspended from trading. On the first trading day, the share fell by 30%.

January 12, 2011

Vienna Stock Exchange: Winners and Losers (2011-01-11)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

January 12, 2011

CA Immo Expects Sharp Rise in Earnings

After a major expansion, the Vienna-based real estate company´s assets stand at above € 5.0bn. The annual growth rate has exceeded 30% since 2005.

January 12, 2011

Immofinanz: Record Letting Results for German Subsidiary

The Austrian Real Estate Group benefits from the upswing in the German property market.

January 12, 2011

CEE: Raiffeisen Remains Optimistic

The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.

January 12, 2011

Strong Merger Growth in Austria

The number of mergers has increased in 2010 by 12%. The Federal Competition Commission reported 238 cases.

January 12, 2011

Rapid Increase in Exports to Emerging Markets

The Austrian export economy can benefit massively from the solid demand from Asian and South American emerging markets.

January 12, 2011

Telekom Austria: New Acquisitions in Croatia?

The signs of Telekom Austria’s efforts to expand in Croatia are getting more evident. The group is being discrete however.

January 12, 2011

Record of New Car Registrations

The number of registrations of new passenger cars registered an increase in Austria of 2.9% compared with 2009, with a total of 328,563 vehicles.

January 12, 2011

Insolvencies decline in Austria

Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.

January 11, 2011