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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
Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
March 4, 2011
Increasing Profits for BKS
The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.
March 4, 2011
High Losses for ÖVAG-subsidiary
VBI, the subsidiary of foreign equity holding company of the Austrian Volksbanken-Group, realized losses in 2010 amounting to € 21.8m.
March 4, 2011
Immofinanz: Bookbuilding for the New Convertible Issue Starts
The Austrian real estate company Immofinanz AG announced its intention to issue new convertible bonds due 2018.
March 4, 2011
Workers Continue Seeing the Situation on the Labor Market as Critical
The work climate index of the Austrian Chamber of Labour (AK, Arbeiterkammer Österreich) indicates that workers continue considering the situation on the labor market as critical despite rising employment.
March 4, 2011
Sales Declining at Spar Hungary
The food trade chain records declining sales in Hungary - for the first time in its history.
March 4, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 4, 2011
Real Estate Companies Return to ATX
The compilation of the prime market of the Austrian traded index (ATX) changes: Immofinanz, CA Immo and Conwert will be part of the ATX by March 21.
March 4, 2011
Mitterlehner: Further Expansion of Economic Relations with Colombia
Meeting with Colombia's Vice-President Garzón: New Memorandum of Understanding on economic cooperation is planned.
March 4, 2011
Andritz: Possible Loss of the Belo Monte Project
The Brazilian government is fighting for the realization of the controversial Belo Monte project, whose approval has been blocked in court.
March 3, 2011
Leitl and Juncker Support a "Marshall Plan for Africa"
Austria and Luxembourg drive for support. Special attention is paid to education and know-how.
March 3, 2011
Slight Increase in Sales for Ottakringer
Yesterday, the Vienna beverage company Ottakringer Getränke AG announced preliminary figures for the financial year 2010.
March 3, 2011
Austrian Construction Supply Industry Stagnates
After a sales decrease of 11% in the crisis year 2009, total sales stagnates at € 3.2bn. The number of employees falls by 3.1%.
March 3, 2011
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Verbund: Massive Decline in Results
As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.
March 3, 2011
FPÖ Intends to Establish Itself as an Economic Party
In an interview with the "Wirtschaftsblatt", FPÖ chairman Heinz-Christian Strache says that the party wishes to address entrepreneurs more strongly in future.
March 3, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-02)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 3, 2011
Optimism in Austria's Creative Industries
Creatives wish to go new ways to support SMEs with creative services. The economic and technical network is to be intensified.
March 3, 2011
Tourism: Trend for High-Price Segment Continues
Austria's tourism industry shows itself satisfied with the current winter season. Guests come increasingly from Eastern Europe.
March 3, 2011
Binder+Co: Significant Rise in Sales and Profits
The Austrian engineering group Binder+Co was progressing well in 2010: sales revenues and EBIT above the level of last year, order intake up by 39%
March 3, 2011
Kapsch Expects New Orders from the Arab Region
Kapsch emerges as the new GSM-R market leader in the international trade fair Middle East Rail 2011 in Abu Dhabi.
March 2, 2011
2010 was an "Ambivalent Year" for the Austrian Paper Industry
Satisfactory capacity utilization, but rising costs for raw materials and personnel.
March 2, 2011
Austrian Production Rising Substantially
Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.
March 2, 2011
Mitterlehner: "Companies are Taking On More Apprentices Again"
The Austrian Minister of Economy sees positive developments on the labor and apprenticeship market. The promotion of apprenticeships has proved to be successful.
March 2, 2011
Unemployment: Austria has Top-Position Among EU27
EU27 area unemployment rate at 9.9%, Austrian unemployment rate amounts to 4.3%. National youth unemployment is below the average too.
March 2, 2011
AT&S Expands
The Austrian technology company AT&S lays foundations for further extension of high-end PCB market leadership.
March 2, 2011
Output of Austrian Construction Industry Falls
Output of construction of buildings and civil engineering decreasing by 4.1% from January to November 2010
March 2, 2011
Strong Increase in Sales for austriamicrosystems
austriamicrosystems reports financial results for fiscal year 2010. With net profits of € 23.1m, he company managed the turnaround.
March 2, 2011
Gaddafi Family Assets in Austria are Frozen
More than € 1.2bn of funds invested in Austria are to be blocked after international sanctions.
March 2, 2011
Vienna Stock Exchange Supports Privatization Proposal
The proposal by the former chairman of Böhler, Claus Raidl, to promote privatizations in Austria meets with approval.
March 2, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 2, 2011
Massive Losses for Intercell
The Austrian pharmaceutical company today reported losses for 2010 amounting to € 255m. Operating cash flow has been strongly negative too.
March 2, 2011
The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities
In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.
March 1, 2011
Casinos Austria International in Crisis
The foreign holdings of Casinos Austria International pose major problems for the group, as losses continue.
March 1, 2011
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