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Ruttenstorfer: "OMV Stays in Libya '
Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.
March 10, 2011
Verbund: Research Alliance with Technology University
The power group intends to expand its know-how in the field of environmental technology through cooperation with the Technical University of Vienna (TU).
March 10, 2011
AMAG: First IPO since 2007
After more than three yeas, a new company will be listed on the Vienna Stock Exchange: the aluminum company AMAG.
March 10, 2011
Lack of Venture Capital for Austrian Companies
The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.
March 10, 2011
Economic Chamber Demands Redeployment of "Manual Workers Regulation" in Favor of Research
The Austrian Economic Chamber presented a list of demands to the federal government. Critics say it is to no purpose.
March 10, 2011
Leitl Favors EU Financial Transaction Tax
The President of the Austrian Economic Chamber says: "The EU Parliamen has taken an important step towards EU financial transaction tax"
March 10, 2011
Significant Rise in Earnings for CA Immo
The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.
March 10, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 10, 2011
New Plant for Agrana
The Austrian sugar and starch company builds a wheat starch plant - investment volume € 56m.
March 10, 2011
Moderate Rise in Turnover for Austrian Service Industry
Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming
March 10, 2011
Significant Rise in Car Registrations
February 2011: Considerable increases for new passenger cars in Austria: +21.2%; over one-third more diesel-driven vehicles. Registrations rose by 23.5%.
March 10, 2011
Banks: No Agreement on Salary Negotiations
No agreement has been reached either in the fourth round of collective negotiations for bank employees. The situation is worsening.
March 9, 2011
Gastronomy Rejects New Beverage Tax
Austria's restaurateurs and brewers fear an "attack on tourism and restaurant culture."
March 9, 2011
Capital Increase for Lenzing AG
Lenzing and B & C announce plans for Public Offering of Lenzing shares. € 75m are to be raised.
March 9, 2011
Borealis Invests in Linz
The Austrian-Arab plastics manufacturer builds a new plant for € 75m at the Upper Austrian location.
March 9, 2011
Immofinanz: New Tenants for Romanian Procect
The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.
March 9, 2011
New Sharp Criticism of the Pension System
Austria's Young Industry's opinion on pensions: "politicians can no longer deny reality" There are many known weaknesses in the system.
March 9, 2011
Austria's Businesses Satisfied with Government Research Initiative
The strategy of the Federal Government regarding RTI (Research, Technology and Innovation) is an important step for the location Austria, according to the opinion of the Economic Chamber.
March 9, 2011
Lenzing AG: 2010 Figures Confirmed
The management of the Austrian Fiber Manufacturer proposes dividend of € 1.55 per share for 2010.
March 9, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 9, 2011
Leitl: "Austria Continues as Top Investor in Bulgaria"
Bulgarian President Parvanov for economic talks at the WKÖ: Foreign trade volume between Bulgaria and Austria amounts to € 900m.
March 9, 2011
RHI: Rise in EBIT by 130%
The Austrian manufacturer of refractory products announced its preleminary results for 2010. Revenues increased by 23%. Operating result margin climbs from 6.4% to 9.1%.
March 9, 2011
Andritz: Favorable Business Development in 2010
The Austrian technology Group Andritz showed favorable business development in the 2010 business year. Sales rose by 11.1%, order intake increased by 23.4%
March 9, 2011
Austria's Construction Industry Expects Stagnation
In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.
March 8, 2011
OMV Continues Receiving Oil Deliveries from Libya
The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.
March 8, 2011
Major Order from China for Emco
The A-Tec's subsidiary Emco has receaved an order from China for € 7m.
March 8, 2011
Austria's Public Debt Ratio Increases to over 80%
By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.
March 8, 2011
Demand for Minimum Wage meets with Hostility
The proposal by the Minister for officials, Gabriele Heinisch-Hosek, to introduce a minimum wage of € 1300, is mere populism, according to the Economic Chamber.
March 8, 2011
Zumtobel: New Light Center in Dubai
The lighting company based in Vorarlberg, Austria, is multiplying its competences in the Middle East. The Dubai Light Center aims to present realistic solutions for professional interior lighting.
March 8, 2011
ÖBB: Cargo Division as Loss-Maker
The continuing crisis of the Austrian Federal Railways (ÖBB) is due in large extent to the losses in freight traffic of Rail Cargo Austria (RCA).
March 8, 2011
Zumtobel: Earnings Doubled
The Austrian lighting company announced its results for the first nine months of 2010/11. EBIT rose by 66%.
March 8, 2011
Strabag: Takeover of Swiss Companies
Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.
March 8, 2011
Demand for Increase in Retirement Age
Austrian Young Economy demands again a "sustainable" pension system. Less early retirement, but more later pensioning is required.
March 8, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 7, 2011
Signa Holding Invests More than € 1.00bn
The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.
March 7, 2011
Telekom Srbija: Duel between Deutsche Telekom and Telekom Austria
In the selling process of the Serbian Telekom, the German and the Austrian telecom companies are seen as favourites.
March 7, 2011
Magna Europe in Euphoria
The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 2011
VBV – Vorsorgekasse AG Increases Fnd Investment Volume by 25%
The number of prospective beneficiaries grew by11% to 1.85 million in 2010; net performance was at 2.0%.
March 5, 2011
Leitl: "Research Support Should Be Pushed Now!"
The President of the Austrian Economic Chamber (WKÖ) speaks in favor of increasing the research bonus.
March 5, 2011
Stagnation in the Austrian Construction Industry
The economic outlook for the construction business continues being less favorable than for the overall economy. Only since 2012 is growth expected again.
March 5, 2011
Austrian Clearingbank Concludes Activities
The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.
March 5, 2011
Decreasing Wine Production in Austria
According to Statistics Austria's wine harvest survey 2010, a wine production of 1 737 500 hl was achieved, produced on an area of 43 700 ha (-3% to 2009).
March 5, 2011
Belo Monte: Construction Ban is Lifted
The recently imposed construction ban on the Brazilian building project was lifted in court. The dam has not to fulfill all requirements yet.
March 5, 2011
Danone Reports € 63m of Sales
The French producer of dairy products realizes € 63m of sales in Austria. Danone intends to extend its product line with organic products.
March 5, 2011
Advertising Climate Index for Austria's Economy Shows Upward Trend
Advertising Climate Index: Economic Chamber and WIFO create the opportunity for more precise analysis of the Austrian advertising market situation.
March 5, 2011
AWD Austria Records Losses
The Swiss/German financial consulter could not manage the turnaround in 2010.
March 5, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 5, 2011
Hardly any Effects Expected by Labor Market Opening
As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.
March 4, 2011
Wienerwald Grows Again
The restaurant chain is expected to start growing again after a long crisis. Investments worth € 20m are planned for the current year.
March 4, 2011
Economic Policy: Criticism of Berlin, Praise for Vienna
The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.
March 4, 2011
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