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Record of Assets under Management for C-Quadrat
The investment fund was able to increase the managed assets in Austria by 26% to € 3.3bn. The volumne of new investments in 2010 amounts to € 804m.
January 19, 2011
Volksbank: Romania Lowers Results
The losses in Romania constitute a distinct disadvantage, especially for the sale process of the East-Holding of the VBI.
January 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
January 19, 2011
The Hypo Group and its Consultants
In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.
January 18, 2011
SBO: Increase in Profits by 79%
The Austrian Oilfield equipment manufacturer Schoeller-Bleckmann (SBO) announces increasing sales as well as profits.
January 18, 2011
Recovery is in Sight for Keba
The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.
January 18, 2011
Hungary: Calls for Boycotts against Foreign Companies in Hungary
A Hungarian initiative demands that 13 foreign companies be boycotted, including Austrian OMV
January 18, 2011
OMV Pulls its Staff out of Tunisia
Due to the recent developments in Tunisia, the Austrian OMV pulls back to a large extent. The cardboard manufacturer Mayr-Melnhof stays on.
January 18, 2011
Citigroup Trades on Vienna Stock Exchange
Vienna Stock Exchange gives admission to trading of Citigroup Global Markets Limited, London (UK).
January 18, 2011
Federation of Trade Unions Calls for "Tax Justice"
A new debate is sparking off in Austria, and possibly also a tax reform. The Gewerkschaftsbund (ÖGB, Federation of Trade Unions) wants workers to be tax-unburdened.
January 18, 2011
Slight Decline in Furniture Exports
Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.
January 18, 2011
Austrian Construction Costs up by 3.2% in 2010
Construction cost index 2010: increase of all three construction branches in annual comparison.
January 18, 2011
A-Tec Sells Subsidiary in Germany
Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 18, 2011
Volksbanken to Sell Share in RZB
According to newspaper reports, the Austrian Volksbanken Group sells a 6% share on Raiffeisen Zentralbank.
January 17, 2011
Bank Taxes: „Job Cuts or Price Increase”
According to Michael Ikrath, bank representative of the “Sparkassen”, the new charges for Austrian banks are the highest in Europe.
January 17, 2011
Alpine Wins Contract in London
The Austrian Alpine Group wins a contract for two Central London station tunnels on the Crossrail project. The contract value is £ 235m (€ 279m)
January 16, 2011
Treichl: Massive Criticism on Austrian Government
Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.
January 16, 2011
Recovery slows down in Austria
The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.
January 15, 2011
Mixed Results for Linz Airport
2010 ended with a historical record in freight earnings for the “blue danube airport linz” However, regular passenger volumes decreased slightly.
January 15, 2011
Austria's wind Energy Expands
After years of stagnation, capacities for wind energy are now being expanded again. IG Windkraft considers that subsidies are too low.
January 15, 2011
Poland is a Big Opportunity for Austria's Export Economy
The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.
January 15, 2011
Austria's Funds Showed a Plus in 2010
2010 was another year of gains for Austrian funds: of 1601 funds, 1464, showed a positive performance.
January 15, 2011
ATX still Undervalued
Much upward potential still exists for the Austrian leading index, because the ATX is still undervalued, according to Alois Wögerbauer.
January 15, 2011
ATX Restructuring Expected
It is expected that the three real estate securities, CA Immo, Conwert and Immofinanz will rise into the Austrian ATX Prime leading index.
January 15, 2011
AMS Expects Marked Relaxation of the Labor Market by 2013
The Arbeitsmarktservice (AMS, Labor Market Service) foresees a significant increase in labor supply on the Austrian labor market. Unemployment will stagnate.
January 15, 2011
Only Slight Increase in Austrian Minimum Wages
Index of Agreed Minimum Wages 2010: low increase due to economic crisis.
January 15, 2011
Inflation Increased up to 2.2% in Austria
The Consumer Price Inflation (HICP) increased up to 2.2 % in December 2010. This was mainly due to energy prices.
January 15, 2011
Bank Austria Increases its CA-Immo Stake
The UniCredit-subsidiary intends to acquire a major stake of the Austrian real estate company CA Immo.
January 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 15, 2011
Investment Inhibition in Austrian Companies
The investment situation of Austrian companies is analyzed in the liquidity situation report by PwC. There are still frictions present on the capital market.
January 14, 2011
Customer Growth for Construction Savings Bank ABV
In 2010, the Austrian construction savings bank ABV granted building loans for € 287m.
January 14, 2011
Increase of Payment Difficulties for Austria’s Private Households
Estimated 270,000 Austrian households are currently facing financial difficulties and are not able to serve credit sufficiently.
January 14, 2011
New Charges against Ruttenstorfer
The chairman of Austria's OMV is accused of market manipulation because of an interview.
January 14, 2011
Bank Austria Bids for Bank of Moscow
The UniCredit subsidiary is reported as holding talks with the Bank of Moscow to acquire a 46.5% stake.
January 14, 2011
New Perspectives for Nabucco
The European Commission wants to commit Azerbaijan to supply gas to Europe. This is expected to be done via the Nabucco pipeline.
January 14, 2011
Bawag and Post Share 520 Branches
Investments in the common branch network of the Austrian Post and the U.S. fund Cerberus owned Bawag are running.
January 14, 2011
Austria's Competitiveness Increases Slightly
Austria rose one place, to the 21st, in the ranking of the most liberal economies.
January 14, 2011
Agrana´s Upward Trend Continues
With a strong third quarter, Agrana, the Austrian sugar, starch and fruit group, continued its positive performance of the current financial year.
January 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-13)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
January 14, 2011
Bright Outlook For Magna
The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.
January 14, 2011
Austria Savers Remain Conservative
Saving behavior in Austria remains unchanged with a high degree of popularity of traditional building savings plans and bank savings accounts.
January 13, 2011
Austria's Trade Deficit with China Shrinks
Thanks to the rising export figures, the trade deficit in the traditionally negative balance with China is declining.
January 13, 2011
Sales Increases for the Pfeiffer Group
The Upper Austrian commercial group increased its sales last year to € 682m. Price pressures are however immense, according to Pfeiffer.
January 13, 2011
Turkish Electricity Market Threatens to Collapse
The increasing energy demand in Turkey is facing a lack of infrastructure. Austrian Verbund will expand its investments.
January 13, 2011
AUA and Flyniki: Passenger Growth
Austrian Airlines increased its number of passengers by 9.7% in 2010; Flyniki achieved an increase of 29%.
January 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-12)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 13, 2011
Slow upward trend in Austria's trade and handicrafts
For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.
January 13, 2011
Harsh Criticism of Government by Junge Industrie
Junge Industrie (Young Industry) an interface organization of the Industriellenvereinigung (Industrialists’ Federation) criticizes particularly the pension policy.
January 13, 2011
WKÖ endorses policy of the European Commission
The Austrian Economic Chamber welcomes the focus of the EU Commission on structural reforms, consolidation of public finances and competitiveness.
January 13, 2011
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