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Vienna Stock Exchange: Winners and Losers (2010-12-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 7, 2010
Sales Gowth in the Services Sector
In the third quarter, trade and services reached a revenue growth of 7.2% over the previous quarter of this year and of 5.2% over the same quarter of the previous year.
December 7, 2010
Strong Sales Growth at Infineon Austria
The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.
December 6, 2010
Kovats Remains CEO of A-Tec for the Time Being
Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.
December 6, 2010
Nowotny Pleads for Euro-Bonds
The governor of the Austrian National Bank, Ewald Nowotny, is for the introduction of euro-bonds. Germany’s resistance is pre-programmed.
December 6, 2010
Raiffeisen Bank International's direct bank Zuno launches in Slovakia
Zuno, which target Internet-focused customers, launches operations in Slovakia. Additional CEE countries will follow in 2011.
December 6, 2010
BDI - BioEnergy Builds Biodiesel Plant in Belarus
The Styrian company expands its operations to Belarus. The order value amounts to € 10m.
December 6, 2010
Sattler AG Expands to the U.S.
The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.
December 6, 2010
Economic Chamber in Tokyo: Biotechnology as an Opportunity
The President of the Vienna Economic Chamber, Brigitte Jank, sees above all great opportunities for Austria in Japanese biotechnology and pharmaceutical industries.
December 6, 2010
Andritz Criticized Because of Belo Monte Hydroelectric Power Plant
After being sharply criticized by church organizations because of a construction project in Brazil, the plant manufacturer now turns to the public.
December 6, 2010
Voestalpine: Doubling of Sales in Five Years
By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.
December 6, 2010
Trade Between Russia and Austria is Booming
The volume of trade between Austria and Russia has increased by 30%. Innovation and modernization are core issues for both countries.
December 6, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-06)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 6, 2010
Vienna Insurance Group Expands in Albania
The Acquisition of Interalbanian by the biggest Austrian Insurance company is successfully completed.
December 6, 2010
Leitl Vehemently Defends Euro Protection Shield
The President of the WKÖ (Austrian Federal Economic Chamber), Christoph Leitl, gives a clear answer to the euro critics: without the euro, Austria would have become a problematic case in 2009.
December 6, 2010
Failure of Austria's Software Industry
The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.
December 6, 2010
Significant Losses at JoWood
The Vienna computer game manufacturer JoWood released its semi-annual report. The loss amounts to € 24 million.
December 5, 2010
Wikileaks: Criticism of Austrian Politicians by the U.S.
The critical view on Austria's leading politicians on part of the U.S. is written down in the recent revelations of the Wikileaks platform.
December 5, 2010
New Regulations for Bank Managers' Bonuses
Additional compensations for managers in the banking sector are subject to new regulations approved by the Austrian National Council. Payments will be deferred in time.
December 5, 2010
Vienna Airport Board Sees no Fault of Their Own
The controversial directors of Flughafen Wien (Vienna International Airport) defend themselves against public criticism of the construction project "Skylink".
December 5, 2010
Hypo Group: Motives for Purchase of BayernLB Unexplained
In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.
December 5, 2010
Passing On of Bank Information: FMA Defends Itself
Since, according to Wikileaks, the Austrian Financial Market Authority (FMA) has passed on bank data to the U.S., a position has been taken about the issue.
December 5, 2010
Andritz Purchases and Restructures AE&E Austria
The Styrian plant builder buys the A-Tec subsidiary for rumored € 10 million. Restructuring plan is to be financed by Andritz.
December 3, 2010
Discussion over Insider Trading Among Austrian Leadership
Domestic insider trading regulations could be improved, imply top personalities of the Austrian economy. Radical proposals are also being made.
December 3, 2010
Michaelis Leaves Austria's State Holding Company
The contract of Peter Michaelis, Chairman of The State Holding Company OIAG, expires in June 2011. There is disagreement over the succession in the government.
December 3, 2010
Triple-A Rating: Treichl vs. Nowotny
The Chairman of the Erste Group is not convinced anymore by Austria's financial policy; the Governor of the National Bank however, still stands on "AAA".
December 3, 2010
Stable Recovery of Austrian Economy
The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.
December 3, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 3, 2010
Vienna Stock Exhange: Winners and Losers (2010-12-02)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 2, 2010
DO & CO - Good Results in a Difficult Environment
The Austrian catering company Do&Co; currently achieves high growth in profits. Globally, Do&Co; however remains a small player.
December 2, 2010
Strike threat at AUA
Salary negotiations at Austrian Airlines falter. The staff wants at least a salary increase equivalent to inflation.
December 2, 2010
Equity Requirements of Austrian Banks are € 18 billion
Due to the new Basel III regulations, Austrian banks will need a much stronger capital base by 2019. The estimation is € 15 billion to € 18 billion.
December 2, 2010
Stuttgart21: Strabag and Porr Hope for Major Project
The two Austrain building companies, Strabag and Porr, are struggeling for the disputed major infrastructure project in Germany, Stuttgart 21.
December 2, 2010
U.S. Sees Money Laundering Activities at Austrian Banks
Wikileaks has published notes of the U.S. Embassy in Vienna. There were allegedly money exchanges between Austrian banks and criminals.
December 2, 2010
Bawag is Profitable Again
The Austrian bank Bawag PSK, now owned by the U.S. fund Cerberus, is to have profits again this year: € 100m are expected.
December 2, 2010
OMV CEO: Insider-process on January27
While the trial date for the CEO of OMV has already been set, many leading personalities express their trust in an open letter.
December 2, 2010
Mitterlehner: To Expand Further Good Trade Relations with Switzerland…
The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".
December 2, 2010
Wind Energy: Austrian Suppliers Export for € 450 million
More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.
December 2, 2010
Zumtobel Announces Increasing Profits
Dynamic components business brings Austrian lighting group 60% increase in Profits. Revenues were up by 8%.
December 2, 2010
Strabag Receives Major Project in Poland
Construction of new railway and bus station of Katowice operated by the Austrian building company Strabag.
December 2, 2010
Doppelmayr: Slight decline in Sales but Good Result
Doppelmayr, The aerial and surface ropeway manufacturer from Vorarlberg underwent a slight drop in sales, but net income hasincrea sed significantly. Cautious optimism is being shown.
December 1, 2010
Austria's Industry Welcomes Electricity Reform
Whereas Industrialists and the Economic Chamber (WKO) are asking for enactment today, the Umweltdachverband (UWD, Environmental Federation) is against it.
December 1, 2010
aws is Commited to the Promotion of Technology
The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.
December 1, 2010
Joint Venture Between Swiss and Austrian Post
The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.
December 1, 2010
Austria's Position in the CEE Region Shakes
According to the Roland Berger consultancy agency, Austria receives not only competition in the CEE countries, but the importance of the region also decreases from a global viewpoint.
December 1, 2010
Vienna Stock Exchange: Winners and Losers (2010-12-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 1, 2010
Unemployment Continued to Decline in November
Both the number of unemployed and trainees show a decline.
December 1, 2010
Growth Trend in Austrian Advertising Market
After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.
December 1, 2010
Fabasoft in the Red
The Austrian software producer experiences slightly falling sales. Operating results are negative.
December 1, 2010
It Is Official: Deripaska Is Back at Strabag
Basic Element group exercises the call option for 17 percent stake in Strabag.
December 1, 2010
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