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Superfund Seeking for Investors in Japan
The Austrian investment fund intends to raise new funds via Japanese institutional investors. The volume is said to account for $ 100m
February 3, 2011
Atrium Terminates Trust Agreements with Meinl
The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.
February 3, 2011
Leitl Demands Support for Brenner Tunnel
The President of the Austrian Economic Chamber considers the Brenner Tunnel infrastructure project as crucial for the business location Austria.
February 2, 2011
ÖIAG: Markus Beyrer is the New Chairman
The so far Secretary General of the Industriellenvereinigung (Industrial Federation), Markus Beyrer, is Peter Michaelis’s successor on the board of the ÖIAG.
February 2, 2011
Declining Unemployment in Austria
Uunemployment could be reduced by 4.3% even in the traditionally for the labor market difficult winter months.
February 2, 2011
Miba AG Expands Management Board
Norbert Schrüfer will be appointed CEO of Technologies Group. F. Peter Mitterbauer, Jr., will take over the position of CEO of the Miba Friction Group.
February 2, 2011
Agrana Closes Chinese Joint Venture
The Austrian Agrana and the Chinese YNA divide their joint ventures for apple juice concentrate in China.
February 2, 2011
Miba Enters into a Joint Venture in India
The Austrian Miba Sinter Group expands its global network with a sintered components manufacturing facility in India.
February 2, 2011
EFKON Group Wins Major Contract in South Africa
The Austrian EFKON Group has been awarded a contract to install an Intelligent Transportation System on freeways in South Africa.
February 2, 2011
Vienna Stock Exchange. Winners and Losers (2011-02-01)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
February 2, 2011
Austrian Retail Trade Accelerates Economic Upward Trend
In 2010, the Austrian retail trade rose by 4.0%. Thus, this figure represents the highest retail trade growth since the 1990s.
February 2, 2011
Kapsch TrafficCom Names new CEO for its North American Operations
The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.
February 2, 2011
Austria's Credit Industry Appeals to the Constitutional Court
The price gains tax introduced as of January 1, 2011 encounters legal resistance. The Banking Division of the Chamber of Commerce announced a complaint of unconstitutionality.
February 2, 2011
Innovativeness in Austria Drops
In the European comparison, Austria’s innovativeness is dropping and is presently located only in the upper mid-range.
February 2, 2011
Strabag SE Awarded two Road Construction Contracts in Romania
The Austrian construction company rehabilitates and upgrades national roads DN14 and DN15A. Combined value of both contracts around € 106m.
February 2, 2011
New Advance for Baltic-Adriatic Corridor
The Carinthian Economic Chamber supports the information campaign of Governor Gerhard Dörfler in favor of the Baltic-Adriatic Corridor.
February 2, 2011
Austrian Companies on Roadshow to London
Especially one of Austria´s leading banks, Erste Group, will be presented at the Investor Day in London.
February 2, 2011
Rieder Wins Major Contract in Saudi Arabia
The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia
February 2, 2011
Atrium European Real Estate Announces Credit Rating Update
Atrium European Real Estate Limited a real estate company owned by Citigroup/Gazit, is placed on CreditWatch Negative.
February 2, 2011
Wienerberger Raises Stake in Tondach Gleinstätten
Wienerberger transfers 50% of Bramac to Monier in exchange for an additional 25% stake in Tondach Gleinstätten AG and a cash settlement of € 40m.
February 2, 2011
AvW Trial: Eight Years in Prison
An 8 years imprisonment sentence was imposed on the founder and CEO of AvW Group, Wolfgang Auer-Welsbach,
February 1, 2011
Hypo Upper Austria Reports stable Profits
According to the management, the regional bank could exceed its own expectations. Annual profit was € 27m.
February 1, 2011
Austria's Budget Deficit is at 4.1%
Although the budget deficit is lower than expected, but the official national debt could increase considerably due to the ÖBB.
February 1, 2011
Skylink: Judicial Investigations are Presently being Conducted
The final report of the Audit Court on the Vienna International Airport Skylink project has been submitted. Criticism is devastating. Criminal investigations are starting.
February 1, 2011
Swarovski plans to grow again
The traditional Tyrolean company intends to increase its sales by 10% after three difficult years.
February 1, 2011
Refunding at S&T Accepted by Banks
The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.
February 1, 2011
Decreasing Output and Order Intake in Austrian Construction Industry
Output of construction of buildings and civil engineering decreasing by 4.1% from January to October 2010.
February 1, 2011
Atrium: "Meinl Exploited its Position as a Trustee”
After the repayment of the convertible bond to the Austrian Meinl Bank, the real estate funds considers the calling as "blatant unlawfulness."
February 1, 2011
Austrian Production Output up by 7.0%
Positive production trends in industry and construction in October 2010; turnover +7.0%.
February 1, 2011
Engel Expands in China
Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.
February 1, 2011
Vienna Stock Exchange. Winners and Losers (2011-01-31)
Daiy News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
February 1, 2011
Kapsch TrafficCom with First Contract Award in Russia
The Austrian Kapsch TrafficCom AG announces that its Russian subsidiary has been awarded an order to equip traffic crossings.
February 1, 2011
Member of the Board of the Stock Exchange to be Scharinger's Successor?
Heinrich Schaller, Member of the Board of the Vienna Stock Exchange is considered as favorite to succeed the longtime CEO of Raiffeisen Landesbank OÖ.
February 1, 2011
Constantia Packaging Sells Austrian Subsidiaries
The industrial holding owned by the US-american JP Morgan sells the board manufacturer Duropack and the aluminium company AMAG.
January 31, 2011
Increase in Passengers at Austrian Airports
Every of the six Austrian Airports could record substantial growth in passengers in 2010. Their number rose by 7.9%.
January 31, 2011
CA Immo: „Bid of UniCredit too low“
UniCredit intends to increase its stake on the Austrian CA Immo up to 29%. The board regards the bid of € 12.35 per share as being “too low”.
January 30, 2011
Billions in Investments are Necessary in the Telecommunications Industry
Investments for three to four billion euro are required by the Austrian network technology according to Karim Taga (AD Little).
January 29, 2011
Hypo Group: Non-Performing Loans for € 8.5bn
The Hypo Group nationalized by the Austrian government is still deep in the red. The bank will be profitable as of 2012.
January 29, 2011
Strong Increase of Industrial Growth at the Beginning of the Year
The Bank Austria Purchasing Managers Index shows a strong increase in production in January 2011 due to accelerated order growth.
January 29, 2011
New Record in Premiums for Uniqa
The Austrian insurance company announces apremium increase in group business by 8.4% to € 6.22bn.
January 29, 2011
Bawag has to Sell Non-Core Business
The Austrian bank, which is owned by the US-American investor Cerberus, is obliged to sell its non-banking subsidiaries.
January 29, 2011
bwin: Uncertain Future in Austria
After the approval by the shareholders of the merger with the British PartyGaming, the task division is still to be determined.
January 29, 2011
Up to 150,000 Insolvent People in Austria
According to the Kreditschutzverband (KSV, Credit Protection Association 9,028 people were forced into personal bankruptcy last year. The number of people at risk is many times higher.
January 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-28)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 29, 2011
ATX: UniCredit expects 11% Return in 2011
Austrian stock market outlook for Q1 2011: Vienna Stock Exchange creeps up again
January 29, 2011
Meinl Bank to Cancel Previously Scheduled Bondholder Meeting
According to Atrium, a US/Israeli real estate company, circumstances causing a cross-default event do not subsist anymore.
January 29, 2011
Pankl: Acquisition of US-company
The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%
January 29, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Teak Holz Manages Turaround
The Austrian timber company could realize profits again in the fiscal year October 2009/September 2010.
January 29, 2011
Polytec: CEO Reduces own Shares
Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.
January 29, 2011
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