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Economy: "South Axis” Demands Recovery Program
Styria and Carinthia are at a disadvantage concerning infrastructure compared with other provinces, was the criticism of the Economic Chambers of the "strong south".
March 25, 2011
Record Sales for VAMED AG
The Austrian health care group was able to increase sales and EBIT by 15%. Orders on hand at over € 800m are record high.
March 25, 2011 · Updated: March 25, 2011; 03:24
Upward Trend for Austria's Machinery and Metal Products Industry
The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).
March 25, 2011 · Updated: March 25, 2011; 03:12
Flughafen Wien Group: Net profit rises by 3.2%
Revenue: plus 6.4% to € 533.8 m, net profit: € 73.3m. Traffic: plus 8.7% in passengers to 19.7 m
March 25, 2011
Isovoltaic Considers IPO in the First Half of 2011
The global market leader in the solar backsheet market considers listing on Vienna Stock Exchange as one possible option during the first half of 2011
March 25, 2011
KTM in the Black Again
After serious losses in 2009, the Austrian motorcycle manufacturer records rising sales and operating profits again.
March 25, 2011
Austrian Unemployment Shrinks Further
Increase in jobs and decrease in unemployment in the fourth quarter of 2010; job market relief in 2010 compared to 2009
March 25, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 25, 2011
AT&S Expands in China
The Austrian electronics company plans to build a € 500m factory in China.
March 24, 2011 · Updated: March 24, 2011; 01:46
Leitl Promotes Green Electricity Amendment
The Economic Chamber President welcomes the initiative of the Minister of Economy: green electricity is promoted, reduced the backlog of planned investments.
March 24, 2011 · Updated: March 24, 2011; 01:34
ÖVAG Bundles Real Estate Activities
Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.
March 24, 2011 · Updated: March 24, 2011; 01:17
The Austrian Food Industry Still Suffers from Sales Decreases
The domestic food industry is faced with declining sales for the second year in a row: 2010 registered a decrease of 4.5%.
March 24, 2011 · Updated: March 24, 2011; 01:01
Economic Chamber: Austria's Economy in Distress because of ÖBB-Structuring
"Significant price increases and deterioration of rail services will lead to shift of traffic to roads."
March 24, 2011 · Updated: March 24, 2011; 00:49
Collective Contracts: Wage Increase of 2.95% for 130,000 Construction Workers
In the current collective negotiation rounds, the construction union managed to get the so far highest wage increase. The paper-manufacturing industry agreed on an increase of 2.4%.
March 24, 2011 · Updated: March 24, 2011; 00:31
Bawag Announces Being Back in Black
Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.
March 24, 2011
Trend Reversal in Austrian Winter Tourism
Current tourism winter season 2010/11: -2.1% decrease in overnights due to slump in February
March 24, 2011
Gebrüder Weiss Books Persistent Growth
The Austrian transport and logistics company closed the 2010 financial year with a provisional 17.8% increase in turnover compared to the previous year.
March 24, 2011
Bank Austria: Operating Performance Improved, Net Profits Decline
The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.
March 24, 2011
conwert Announces Augmenting Operating Results
conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.
March 24, 2011
No Sale of ÖBB-Power Plants
The proposal that the Austrian Federal Railways sell its assets rather than increase its capital meets with vehement rejection.
March 23, 2011
OMV: Low Production in Libya
Production of the Austrian energy group is likely to amount to only a quarter of the normal level.
March 23, 2011
Dispute between Emirates and AUA
Emirates Airlines accuses Austrian Airlines to work with unfair means against the doubling of Vienna-Dubai flights.
March 23, 2011
Serbia: Bid of Telekom Austria is "Insulting"
Only Telekom Austria remained in the takeover offer for the majority stake of Telekom Srbija. The offer causes resistance in Serbia.
March 23, 2011
Higher Profits for UBM Despite Lower Production in 2010
Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.
March 23, 2011
Austria's Export Industry Grows Strongly
Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.
March 23, 2011
Good Prospects for Austria's Electric Industry
In its industry report, Bank Austria considers there is a sustainable recovery for the electric industry in spite of continued price pressures.
March 23, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-22)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 22, 2011
Eco Business Back in Black
The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
March 22, 2011
Austrian Producer Prices Still on the Rise
Strong rise of industrial producer prices in January 2011: +5.0% compared to January 2010.
March 22, 2011
Semperit Raises Dividends
The Austrian Semperit Group confirms the figures announced on February 17, 2011 for the 2010 financial year.
March 22, 2011
300,000 Austrians in Poverty despite Working
The term "working poor" is an established fact in Austria. Full 6% of full-time employees are in poverty.
March 22, 2011
OMV Fears Destruction of the Libyan Infrastructure
With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.
March 22, 2011
Europäische Reiseversicherung AG on Growth Path
Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.
March 22, 2011
Manufacturing Industry Sharply Criticizes the Union
Employees' proposals are not very productive, the Austrian Industrial Association says. There is no shift from wages toward corporate profits.
March 22, 2011
WKÖ: No EU Interference in Tariff Negotiations
The President of the Austrian Economic Chamber expects no interference from Brussels in domestic collective agreement negotiations.
March 22, 2011
Telekom Austria Submitted Bid for Telekom Srbjia
Telekom Austria Group Submits a Conditional € 800-950m Bid for a 51% Stake in Telekom Srbija.
March 22, 2011
Andritz: Order from Finland
The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.
March 22, 2011
Strong Increase in Car Registrations
Demand for passenger cars increases heavily in Austria. Registrations of used motor vehicles in February 2011: +15.0%; passenger cars +14.0%, lorries +10.6%
March 22, 2011
ATX Launches Dividend Point Indices
The Vienna Stock Exchanges started calculating and disseminating dividend point indices.
March 22, 2011
Pankl: Operating Profits Rising
Pankl Racing Systems AG confirms preliminary figures for the 15-month period 2009/10. EBIT doubled. sales remained stable.
March 22, 2011
RLB Upper Austria Records Massive Increase in Earnings
Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.
March 21, 2011
Austrian National Bank Expects Tougher "Stress Tests"
The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).
March 19, 2011
Ikrath: "Bank Tax Should Fall in 2012"
Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).
March 19, 2011
ÖBB: Massive Losses in Ireland
The ÖBB had to write off € 260m because of a sale and lease-back transaction.
March 19, 2011
Austria's Agricultural Exports Continued to Rise in 2010
Ministry of Agriculture: "Success of export initiative and focus on quality of domestic agriculture”.
March 19, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Awards for Austrian Products at British Food Fair
Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.
March 19, 2011
Young Industry on Pensions: Failure of Politicians is "Evidence of Incapacity"
Mitterbauer said: "Austria continues to be a record holder for early retirement, despite the massive and long-term need for action." Inaction is "an affront to the younger generations".
March 19, 2011
Rising Sales for Pfanner
The Austrian fruit juice producer achieves sales at its pre-crisis level. In 2010, sales amounted to € 235m after € 225m in 2009.
March 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 19, 2011
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