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Koren Leaves Bawag
Bawag P.S.K. announces that the Deputy Chief Executive Officer Stephan Koren will not be available for an extension of his term of office as of 1 May.
April 5, 2011
Volume of Bank Austria Wohnbaubank Bonds Remained Stable
Bank Austria could hold its dominant position in the Austrian residential construction bonds market in 2010.
April 5, 2011
Bank Schelhammer & Schattera with Stable Results
The operating results of the Austrian bank are at the same level as in the previous year. Lending volume and customer deposits increased slightly.
April 5, 2011
Plansee Expands Into Chile
The Austrian Plansee Group acquires minority ownership of the Chilean company Molibdenos y Metales S.A.
April 5, 2011
Wienerberger Acquires French Plastic Pipe Business from Alphacan
Alphacan France is a specialist for the development, production and maketing of PVC pipe systems.
April 5, 2011
Basel III: Leitl Demands Adaptation for SMEs
The implementation of Basel III should take business financing into account, for which reason national support measures are necessary for capital strengthening of small businesses.
April 5, 2011
Schlumberger Takes Over Distribution of Evian and Volvic
The Austrian sparkling wine producer considers this cooperation a "strategic expansion of the beverage competence by means of international Danone water brands".
April 5, 2011
Increase of Profits at RLB Tirol
Raiffeisenlandesbank Tirol registered a higher yearly net profit despite falling income. Risk provisions were greatly reduced.
April 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 5, 2011
Isovoltaic: IPO Fixed
The Austrian component supplier in the solar power industry will be listed at the Vienna Stock Exchange. The subsription period starts by Monday.
April 4, 2011
Strong Year 2010/11 for Keba
The automation company has seen strong revenue growth in the previous year. The growth outlook is positive thanks to new markets.
April 2, 2011
Slight Rise in Results for Sparkasse Oberösterreich
The regional bank could achieve an operating profit of € 96m in 2010. This enabled the pre-crisis levels to be reached again.
April 2, 2011
Intercell Announces next Steps of Development for Pseudomonas Vaccine
Today Intercell AG announced that it has agreed with Novartis to advance Intercell's investigational Pseudomonas aeruginosa vaccine into a confirmatory clinical efficacy trial in ventilated ICU (Intensive Care Unit) patients.
April 2, 2011
Forecast: Austria's Economic Growth in 2011 at 2.5%
The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.
April 2, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 2, 2011
Mitterlehner PromotesTourism Strategy for Austria
The Minister of Economy is working on a new alliance of federal and provincial governments in order to focus on marketing, subsidies and innovations for the tourism industry.
April 2, 2011
Decreasing Output in Austria´s Construction Industry
Output of construction of buildings and civil engineering decreasing by 4.7% from January to December 2010. Volume of orders increasing by 0.3% at the end of December 2010.
April 2, 2011
Austrian Industrial Production on the Rise
Positive production trends in industry and construction in December 2010; turnover +15.8%
April 2, 2011
BWT Back on Growth Path
Sales of the Austrian water technology company rose by 15.0% to€ 460.7m. EBIT is up by 17.4% to € 31.5m.
April 2, 2011
Southeastern Europe as a Region of Hope for Austria
Great interest of Austrian companies at the Austria Foreign Trade Forum on Export and Investment Opportunities in Southeastern Europe
April 2, 2011
Austria's Unemployment Continues to Fall
Unemployment decreased in March by 5.2%. The number of participants in training courses is also falling.
April 2, 2011
Vienna Insurance Group: Satisfying Results in 2010
Group premiums raised by 7.2 percent to € 8.6bn. Profit (before taxes): clear increase by 15.1 percent to € 507.8 m.
April 1, 2011
Turkcell Intends to Get Into Austria
The Turkish mobile operator strives for an entry into the Austrian market.
April 1, 2011
CEO Roiss: "OMV: an international player with Austrian roots"
The new CEO of OMV plans a strategy review on three main areas: regional focus, portfolio development and future challenges.
April 1, 2011
Good Prospects for Quanmax
The Austrian distributor of IT products could increase its profit. This year, the sales target is € 100m for the first time.
April 1, 2011
Frauenthal: Turnaround in 2010 Completed
Revenue was up by 19% to € 539.4 m (m). Profits rose from € -29.4m to € +17.4m.
April 1, 2011
Mitterlehner: New Modernization Partnership Concluded with Russia
Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.
April 1, 2011
Importance of Danube as Transport Route Increases
Freight transport volume on the river Danube increased by 18.6% in 2010. Goods receipt rose by 25.4%.
April 1, 2011
Uniqa: Preliminary result 2010 more than €150m
The Management Board of the Austrian insurance group Uniqa proposes dividend of 40 cents per share. Profits were higher than expected.
April 1, 2011
Austrian Public Deficit up to 4.6%
Public Finance 2010: Public deficit at 4.6%, public debt at 72.3% of GDP
April 1, 2011
Leitl Demands Reduction of Public Debt
The President of the Austrian Economic Chamber sees potential for efficiency in the administration, as well as in the health and pension system
April 1, 2011
AWO: "Great Italian Interest in Austrian Steel Know-How"
Foreign Trade Austria (Außenwirtschaft Österreich, AWO), sees good opportunities for domestic firms in Italy's steel industry.
March 31, 2011
Casinos Austria: Barely Positive
The gambling group managed to prevent a net loss despite massive losses abroad in 2010. Net income is valued at € 3.7m.
March 31, 2011
Hypo-Group Restructuring to be Completed by 2012
The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.
March 31, 2011
Falkensteiner Builds in Serbia and Slovakia
The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.
March 31, 2011
Ruttenstorfer leaves OMV
The longtime CEO of OMV, Wolfgang Ruttenstorfer will pass on his position to Gerhard Roiss on April 1.
March 31, 2011
Sales Increase for FlyNiki
Niki Lauda’s airline achieved strong growth in 2010, regarding both passengers and sales. The EBIT declined however.
March 31, 2011
Austrians are among the European Leaders in Pension Duration
Austrians currently spend an average of over 23 years in retirement; this is about twice as long as in 1970. Austria ranks second in Europe in this respect.
March 31, 2011
VIG Leaves Russia
The Austrian Vienna Insurance Group accepts the offer to sell its Russian insurance participations.
March 31, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 31, 2011
Macedonia: Court procedure ELEM – EVN settled
Today ongoing judicial proceedings since 2008 between state-owned ELEM and the Austrian energy company EVN have been terminated by an in court settlement.
March 31, 2011
Weinviertler Sparkasse and Erste Bank to merge
The Merger is planned for September 2011, which is seen as "Logical next move" after the acquisition in 2009.
March 31, 2011
VIG: Supervisory Board Adopts Changes of Group Managing Board
Günter Geyer, 67, will resign as Chairman of the Managing Board of the listed Vienna Insurance Group AG with effect 31 May 2012.
March 31, 2011
Presentation of Austrian Top Companies at Equity Day in Paris
The 3rd Austrian Equity Day in Paris, co-organized with Crédit Agricole Cheuvreux, will be held on Friday, 1 April 2011.
March 31, 2011
Immofinanz Announces Improvement in Results
The Austrian real estate company publishes its Q1-Q3 resuls for 2010/11. Revenues and net profits grew moderately.
March 31, 2011
Telekom Srbija: Improvement required of Telekom Austria
Telekom Austria, as the only bidder is required by the Serbian government to improve its bid significantly in the currently stopped selling process.
March 30, 2011
Romania's Premier: "Sale to OMV was a Huge Loss"
Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.
March 30, 2011
AUA: Antinori will Finally Not Become CEO
Three days before his planned entry into Austrian Airlines, Antinori surprisingly announced his withdrawal from the Lufthansa Group.
March 30, 2011
OeNB: "Positive Signals from the Banking System"
The expected consolidated net income of Austrian banks rose to € 4.58bn, generated in large part on foreign markets.
March 30, 2011
Mixed Results for Crafts and Business Enterprises
Austria's business establishments are struggling especially with strong price pressures. Growth is moderate.
March 30, 2011
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