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Sanochemia: Capital Increase Disappointing
The Austrian pharmaceutical company could not meet its own expectations regarding the capital increase. A strategic investor bailed out.
April 18, 2011
Maria Fekter is the New Finance Minister
As part of the changes in the ÖVP government team, Minister for Internal Affairs Maria Fekter changes over to the more prestigious Ministry of Finance
April 16, 2011
Cooperation between T-Mobile and Orange
A joint radio network is established by the German and the French telecommunications groups in Austria.
April 16, 2011
Financial Problems in Austrian Municipalities
The revenue of Austrian municipalities should not be fall further in 2011, however, new expenditures will be caused by additional competences.
April 16, 2011
Inflation went up to 3.1%
Austrian Consumer Price Inflation increased to 3.1% in March 2011 - the main drivers are energy and food prices.
April 16, 2011
"Austria Has a Historical Chance to Become Europe’s Logistics Hub"
Sources from the transport industry consider that Austria offers potentials, mainly in the Danube and rail traffic.
April 16, 2011
Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller
For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.
April 16, 2011
BDI – BioEnergy: Management Board Changes
The founders of BDI – BioEnergy International AG, Wilhelm Hammer (64), CEO, and Helmut Gössler (52), CTO, will be leaving the Management Board of the Austrian biotechnology company.
April 16, 2011
Isovoltaic Cancels IPO
The Austrian solar technology company, which should have realized the IPO this week, intends to put effort into its growth without a stock market listing.
April 16, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 16, 2011
Austrian Construction Costs Increase Further
Construction cost continued to increase sharply in March 2011: +3.3% against 2010.
April 16, 2011
ÖVAG to be Split
Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2011.
April 16, 2011
Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna
The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.
April 16, 2011
Lenzing to switch to prime market of Vienna Stock Exchange on 18 April
Lenzing AG will start listing on the Vienna Stock Exchange’s prime market – the premium segment – as of 18 April 2011.
April 16, 2011
Austria Fell for the First Time in the International Property Rights Index
The IPRI compares 129 different countries for their economic benefits in strong protection of land, intellectual property and other private property.
April 15, 2011
ÖBB Debt Reduction is Further Delayed
The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,
April 15, 2011
OMV: No Sale of Stake in Borealis
The Austrian energy group OMV holds 36% of Borealis. IPIC, itself involved in OMV appears to be interested in the OMV share.
April 15, 2011
Raiffeisen Zentralbank Posts 57% Increase in Profits
Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).
April 15, 2011
Payer Takes over Fluid Pack Production from Roche
July 2011 will see Roche Diagnostics in Graz transfer 6 fluid pack production systems to Payer International Technologies in St. Bartholomä. The cooperation with Roche continues.
April 15, 2011
Sparkassen Immobilien AG: Significant EBIT Improvement
The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.
April 15, 2011
Immofinanz Opens Tenth Retail Park in Slovakia
STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.
April 15, 2011
Rising Real Estate Returns in Austria
Institutional investors could achieve an average total return of 5.9% (before tax and finance) in Austria in 2010 with directly held real estate.
April 15, 2011
Semperit AG Holding: Thomas Fahnemann succeeds Rainer Zellner as CEO
New composition of Management and Supervisory Boards. Annual General Meeting approves dividend of € 1.25 per share.
April 15, 2011
Spindelegger New Vice-Chancellor and Head of ÖVP
Michael Spindelegger succeeds Josef Pröll as leader of the conservative party and Vice-Chancellor. Who will be in charge of the Minister of Finance, is still not clear.
April 15, 2011
Households are Relying Increasingly on Managed Financial Products
Almost half the savings of Austrian households were invested in mutual fund shares, life insurance or pension funds, i.e. in managed financial products.
April 15, 2011
Strabag Expands its Activities in Hydraulic Engineering Sector
The Austrian construction company acquires 100 % of the German civil hydraulic engineering firm Ludwig Voss, Cuxhaven.
April 14, 2011
ÖBB Promote Construction of the Brenner Tunnel
After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.
April 14, 2011
Electric Mobility as a Topic of the Future for Domestic Enterprises
Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.
April 14, 2011
Verbund: Expected Improvement in Earnings for 2011
Wolfgang Anzengruber, CEO of the Austrian energy group Verbund, foresees growth in earnings and a stable result for 2011
April 14, 2011
EVN Makes € 105m Investment in Croatia
The Croatian subsdiary of the Austrian energy company EVN started construction works on Zadar county gas network.
April 14, 2011
Austria's trade as a Job Creation Engine
77,000 jobs were created by trades and crafts in the last eight years. The manufacturing industry lost 17,000.
April 14, 2011
OMV Announces Major Gas Discovery in Australia
OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.
April 14, 2011
Vienna Harbour is Cooperating with the Port of the Emirate of Sharjah
In future, the ports of Vienna and the Emirate of Sharjah intend to cooperate more strongly. An agreement to this end was signed on Monday at the port of Vienna.
April 14, 2011
Kommunalkredit within the Profit Sector
After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.
April 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-13)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 14, 2011
Austria's Small Caps with Above Average Performance
In the EU comparison, as well as to Large Caps, Austria’s Small Caps record large gains.
April 14, 2011
Vice-Chancellor Pröll Resigns
The Minister of Finance and Vice-Chancelor of Austria, Josef Pröll, decides to leave the political arena.
April 13, 2011
Decline in Sales for Salzburg AG
The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.
April 13, 2011
Cargo-Partner Invests 21.5 Million Euro in Slovakia
The Austrian shipping company cargo-partner sets up a logistics center in Slovakia. The first phase - a 7,300 m² large warehouse of 30,000 square meters - will be finished in early 2012.
April 13, 2011
Austria's Labor Costs above EU Average
An hour of work costs an Austrian employer an average € 28.00 - six euro more than the EU average.
April 13, 2011
Telekom Austria Receives an Extension
Telekom Austria has been granted an extension of the deadline for submitting a revised offer for 51% of Telekom Srbija.
April 13, 2011
Resch &Frisch - Expands to Italy
The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.
April 13, 2011
AutoBank‘s Figures Slightly Negative
The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.
April 13, 2011
Austrian Construction Industry Aims at the Czech Republic
Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.
April 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-12)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 12, 2011
Increase in Passengers at VIA
Vienna International Airport: 4.9% higher passenger traffic in March 2011
April 12, 2011
Kapsch CarrierCom Starts in Algeria
The Austrian provider of telecommunication solutions enters the African market: major GSM-R project in Algeria.
April 12, 2011
Strabag Consortium Wins PPP Contract in Germany
The Austrian construction company has been awarded to upgrade a highway-section in Bavaria, Germany.
April 12, 2011
Monthly Expenditures of Austrian Households: € 2,910
Household Budget Survey 2009/10: Monthly expenditures for housing and energy account for 24%.
April 12, 2011
Substantial Financing Needs for S&T Again
The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.
April 12, 2011
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