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Satisfactory Results for Insurance Industry
According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.
March 17, 2011
Opportunities for Austrian Medical Technology in the UK
An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.
March 17, 2011
B&C Sells 29.9% of Lenzing AG
The initial step for the IPO of the Austrian pulp manufacturer Lenzing AG already has taken place.
March 17, 2011
Austrian Inflation Rate Increases up to 3.1%
Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.
March 17, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 16, 2011
Good Prospects for Kärntner Sparkasse
The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.
March 16, 2011
Concerns about "Eurovegas"
The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.
March 16, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
VBI: Romania Remains a Weak Point
The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.
March 16, 2011
Employment Reduction in Austrian Manufacturing Industry
The number of workers in the manufacturing industry fell by 3.2% in 2010. Moreover, there was a massive reduction in the demand for temporary workers.
March 16, 2011
WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"
Production value of Austrian industry remains behind pre-crisis values despite a recovery.
March 16, 2011
Bosnia is a Promising Market for the Austrian Construction Industry
The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina
March 16, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 16, 2011
Austrian Construction Costs Further on the Rise
According to Statistics Austria, construction cost continued to increase sharply in February 2011.
March 16, 2011
Bwin & Party Gaming: Merger Plan Requirements now met in Austria
Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.
March 16, 2011
Austrian Post: Stable Turnover, Increasing Earnings
Revenue was up by 0.3%. EBIT rose by 5.0% to € 156.9m. Dividend proposal to the Annual General Meeting: € 1.60 per share
March 16, 2011
Geinberg Thermal Springs are Expanding
The Upper Austrian Wellness facility is being expanded massively and gets its own luxury area.
March 15, 2011
Lenzing: Demand is Greater than Capacity
The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.
March 15, 2011
Tax Revenue from the Tyrolean Industry is Picking up Strongly
IV (Industrialists Association) President Schretter said: "The manufacturing industry contributes hugely to prosperity; no new burdens for our companies, the costs of green electricity are an enormous burden"
March 15, 2011
Sales Record for Schoeller Münzhandel
Schoeller Münzhandel, a subsidiary of the Austrian Mint, recorded sales for € 438.5m last year.
March 15, 2011
Austria Intends to Participate in World Bank Projects
AWO has been leading companies to international financial institutions: the World Bank annually awards about $ 70bn in loans for development projects
March 15, 2011
Bank Employees’ Salaries Increase at an Average of 2.3%
The union is satisfied with the salary increase of collective agreements for bank employees.
March 15, 2011
Wlodkowski: "Renewable Energy is the Only Road for the Future"
The President of the Chamber of Agriculture calls for the promotion of renewable energies. A "Fossil-lobby" allegedly wants to prevent this.
March 15, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
Austrian Post Announces Changes of Executive Board
Walter Hitzinger is appointed as director of the mail and retail division. Walter Oblin succeeds Rudolf Jettmar as CFO.
March 15, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 15, 2011
RLB Upper Austria Intends to Grow in Russia
The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.
March 14, 2011
Nufarm Expands its Site in Upper Austria
The Australian manufacturer of pesticides is expanding production capacity at Linz.
March 12, 2011
Griffner is Aiming at IPO for 2013
The Carinthian construction company, which specializes in ecological construction intends to acquire new capital in the coming years in order to expand.
March 12, 2011
EPIC: Acquisition of Ukrainian Telekom is arranged
The purchase of the Ukrainian Telekom company by the Viennese financial investor EPIC has been completed. The purchase price is € 946m.
March 12, 2011
WKÖ Leads Austrian Education Exporters to China
WKÖ Secretary-General Hochhauser: Hong Kong continues being the gateway to China; Austrian exports rose to over € 500m.
March 12, 2011
Case IH: Increase in Tractor Production
The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.
March 12, 2011
Upward Trend for Erste Group and Raiffeisen
The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.
March 12, 2011
ÖBB Restructuring: "There is no other Alternative"
Christian Kern, CEO of the Austrian Federal Railways (ÖBB) explains his plans to manage the turnaround in an interview with the magazine "Standard".
March 12, 2011
Österreichische Kontrollbank: "There are no Failures to be Feared"
Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.
March 12, 2011
Atrium Reaches Turnaround
The real estate company recorded positive net earnings in 2010. Profits amounted to € 111.06m.
March 12, 2011
Rise in Austrian Exports by 21.0%
January to December 2010: imports considerably above, exports just below € 110bn.
March 12, 2011
FACC is Considering Going Public in Asia
The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.
March 11, 2011
Significant Savings Potential by the Administration
Efficiency potential in public expenditure of over € 500 million. Felderer: "Significant savings potential”.
March 11, 2011
Saubermacher Plans Expansion
The Austrian recycling company continues developing successfully. An expansion in South East Europe is being sought.
March 11, 2011
2.7% Economic Growth Due to Exports
Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.
March 11, 2011
AWO Presents Business Opportunities for Austrian Companies in China
Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).
March 11, 2011
Orange: Customer Growth and More Profits
The French telecommunications company in Austria managed to increase its profits in Austria despite falling sales.
March 11, 2011
Company Pension Funds Tend to Investment Funds
Investing in investment funds is a growing trend for company pension funds (betriebliche Vorsorgekassen), increasing by 32% in 2010. The volume of corporate pension funds increased by 26%.
March 11, 2011
Verbund Supervisory Board Appoints Members of the Board
The Austrian energy company appoints Günther Rabensteiner as a new board member. Baumgartner-Gabitzer’s Term renewed.
March 11, 2011
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 2011
Passengers Still Rising at VIA
Vienna International Airport: Plus 5.1% in passengers during February 2011
March 11, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 11, 2011
Viennese Stock Exchange Cooperates with Serbian Stock Exchange
The Vienna Stock Exchange welcomes Belgrade Stock Exchange as a new member of the data alliance.
March 11, 2011
Schoeller-Bleckmann Records Steep Rise in Profits
Schoeller-Bleckmann Oilfield Equipment AG: Substantial profit improvement in fiscal 2010 – Dividend proposal € 1.00 after € 0.50
March 11, 2011
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