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Strong Growth in Earnings for Generali Austria
Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.
April 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-11)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 11, 2011
Passenger Decrease at AUA
Austrian Airlines Traffic Result for January to March 2011: Crisis in the Middle East and in Japan burden the result.
April 11, 2011
Registration of new passenger cars increased by 7.8%
New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.
April 11, 2011
Intercell: Vaccine Development to Suspend
Update on Phase II/III Clinical Trial of Investigational Staphylococcus aureus Vaccine, V710. The share of Intercell crashed seriously.
April 11, 2011
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 2011
Hundstorfer and Leitl Promote Increase in Retirement Age
The Austrian Minister of Social Affairs as well as the Head of WKÖ (Austrian Economic Chamber, Christoph Leitl, want to reduce public payments for pensions.
April 11, 2011
Team 7: Tripling of Sales by 2020
The natural furniture manufacturer is on the rise. The goal is to reach € 200m in sales by 2020.
April 9, 2011
Styria: "The crisis is over"
The Austrian Institute of Economic Research (WIFO) considers that the federal province hit extremely hard by the economic crisis has resumed the upward trend.
April 9, 2011
ÖVAG Participates in the Stress Test
Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.
April 9, 2011
Leitl: Export Year 2011 Started in a Fulminant Way
Exports increased in January by 26%; the target for the full year is to achieve the pre-crisis year’s record export volume of € 117bn.
April 9, 2011
Criticism on AMAG IPO
The placement of the shares before today's initial public offering has not been undertaken correctly, according to bank representatives. On the first day of trading the shares lost 6% of the issue price.
April 9, 2011
Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies
The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.
April 9, 2011
Raiffeisen Bank International Posts Consolidated Profit of € 1.1bn in 2010
Consolidated profit rises 141.5 per cent year-on-year to € 1,087 m (pro forma 2009: € 450 m)
April 9, 2011
AMAG Quotes at Vienna Stock Exchange
Vienna Stock Exchange: Initial listing of AMAG stock on prime market today.
April 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 9, 2011
Corporate Banking: Bank Austria still dominant
Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.
April 9, 2011
Speculations on Improvement of Bid of Telekom Austria in Serbia
Telekom Austria (TA) has time until 12 April to increase the bid for a majority stake in Telekom Srbija. TA does not seem to be totally uninterested.
April 8, 2011
ÖIAG Provides Increased Revenue for the Sate
The Austrian state holding company will deliver about 250mby means of higher dividend payments to its owner, the Republic of Austria.
April 8, 2011
Profit Decline at Zürich Austria
The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 2011
Kern: "We are Struggling for Survival"
The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, paints a dramatic picture of the largest domestic transport company.
April 8, 2011
Austria’s Exposure to Portugal: € 433m
France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.
April 8, 2011
Coface: Profit of the Group Better than Before the Crisis in 2010
Austria and the CEE surpasses the international trend: increasing sales, decreasing management costs and lower claims ratio improve financial strength.
April 8, 2011
Leitl: "Austria is Very Well Positioned for the Opening of the Labor Market"
Experts estimate immigration potential to be between 15,000 to 25,000 people; gains from migration for Austria, as from 1 May, about € 900m.
April 8, 2011
AMAG: Issue Price set at € 19 per share
Trading on the official market (Prime Market) of the Vienna Stock Exchange commences on April 8, 2011
April 8, 2011
Austrian R&D Expenses on the Rise
R&D expenditures of Austrian firms increased by 3 per cent in 2009 despite the crisis.
April 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 8, 2011
AUA: Additional Savings Needed
The restructuring program of AUA is not sufficient to bring the company into positive numbers in view of the events in Japan and North Africa.
April 7, 2011
Red Bull Mobile now also in Belgium
The Austrian beverage company strives to develop a new business area within the telecom sector. After Austria, Switzerland, Hungary and South Africa, Belgium is to be established as its fifth market.
April 7, 2011
A-Tec: Restructuring With Success Prospects
The insolvent A-Tec Group might actually succeed in completing its reorganization. An investor has yet to be found by the end of June.
April 7, 2011
S&T Reduces Jobs
The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 2011
Austrian Paper Industry Shows Itself Cautiously Optimistic
2010 was marked by a production volume increase of 9%. Investment behavior remains hesitant.
April 7, 2011
Massive Increase in Wholesale Prices
Wholesale price index in March 2011: +12.1% against March 2010. Cereal and feeding stuff prices almost doubled.
April 7, 2011
Saving in Austria Decreases
According to Statistics Austria, Household saving rate down to 9.1% in 2010.
April 7, 2011
Polytec Achieves Turnaround
The Austrian component supplier could improve its results substantially. Net profits are in the black again.
April 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 7, 2011
Bene Still in the Red
The Austrian furniture company could improve its results slightly. However, EBIT is still negative. Turnover decreased by 5%.
April 7, 2011
Austria's Economy Remains Small Structured
About 238,000 or 55.6% of the members of the Economic Chamber are one-person enterprises. Their proportion has even risen slightly recently.
April 7, 2011
Andritz Defends Itself against the Greens
The Austrian technology group rejects vehemently the accusation of the Greens concerning the alleged sale of nuclear technology to Pakistan.
April 6, 2011
Serbia: Intense Resistance to Possible Sale to Telekom Austria
Tempers run high In the sale process of selling the majority government owned Telekom Srbija. The union puts pressure on the Serbian government.
April 6, 2011
Saubermacher: Further Expansion in the SEE Region
The Austrian waste recycler takes over a Croatian supplier and takes further expansion steps.
April 6, 2011
Tough Collective Bargaining in the Electrical Industry
The second round of collective bargaining in Austria's electrical industry had to be interrupted. About 50,000 workers are affected.
April 6, 2011
Hirsch Servo Opens New Plant in Romania
Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.
April 6, 2011
Renewable Energy as a Sustainable "Job Driver"
For the President of the Chamber of Agriculture (LK, Landeswirtschaftskammer Österreich), Gerhard Wlodkowski, renewable energies secure an edge on technology and high-quality jobs.
April 6, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 6, 2011
Austrian Trade Union Continues to Lose Members
The Austrian Trade Union Federation (ÖGB) registered a loss of 11,000 members last year. The decline showed a slight reduction.
April 6, 2011
Economic Growth in CEE and Austria Remains Solid
Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.
April 6, 2011
Central Asia as a Region of the Future for the Austrian Export Business
The Austrian Federal Economic Chamber (WKÖ) sees excellent delivery and investment opportunities for the domestic economy in Central Asia.
April 6, 2011
FACC Expands Austrian Establishment
The Chinese aircraft component group accelerates the pooling of development activities at the Upper Austrian establishment.
April 5, 2011
Green Jobs are Booming in Austria
Environmental production and services sector defies the crisis – 2009 employment increases by 3.7%.
April 5, 2011
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