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Austrian Regional GDP Growth: Upper Austria Quotes Statistics
Gross regional product 2008: Upper and Lower Austria reached a nominal growth rate clearly above the national average
January 13, 2011
CEE Economic Growth Forecast: 3.8% in 2011
According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.
January 13, 2011
Growth in Austria's Foreign Trade and Direct Investment
Austria's goods, services and capital transactions abroad grow strongly, a sign of solid recovery.
January 13, 2011
Auer-Welsbach Pleads Not Guilty
The former CEO of the Austrian AvW stays by his actions on the first day of his trial.
January 12, 2011
Imtech Austria has Expansion Plans
The subsidiary of the Dutch Imtech Corporation, located in Linz, wishes to get into Eastern Europe and achieve stronger growth.
January 12, 2011
Crash of JoWood’s Share
After the insolvency submission, the Austrian game manfacturer’s shares had to be suspended from trading. On the first trading day, the share fell by 30%.
January 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-11)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 12, 2011
CA Immo Expects Sharp Rise in Earnings
After a major expansion, the Vienna-based real estate company´s assets stand at above € 5.0bn. The annual growth rate has exceeded 30% since 2005.
January 12, 2011
Immofinanz: Record Letting Results for German Subsidiary
The Austrian Real Estate Group benefits from the upswing in the German property market.
January 12, 2011
CEE: Raiffeisen Remains Optimistic
The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.
January 12, 2011
Strong Merger Growth in Austria
The number of mergers has increased in 2010 by 12%. The Federal Competition Commission reported 238 cases.
January 12, 2011
Rapid Increase in Exports to Emerging Markets
The Austrian export economy can benefit massively from the solid demand from Asian and South American emerging markets.
January 12, 2011
Telekom Austria: New Acquisitions in Croatia?
The signs of Telekom Austria’s efforts to expand in Croatia are getting more evident. The group is being discrete however.
January 12, 2011
Record of New Car Registrations
The number of registrations of new passenger cars registered an increase in Austria of 2.9% compared with 2009, with a total of 328,563 vehicles.
January 12, 2011
Insolvencies decline in Austria
Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.
January 11, 2011
AvW: Big Lawsuit because of Investment Fraud
One of the largest proceedings in Austrian economic history is being conducted against the former financial services provider AvW.
January 10, 2011
New Controversy over the Hypo Group
According to the investigators, there would be no connection between the Austrian bank and Gribkowsky, the former member of the board of BayernLB
January 10, 2011
Polbank: Imminent Decision
The decision for the sales process of Polbank will be announced in the next few days, according to the parent company EFG Eurobank.
January 10, 2011
Optimism at JoWood After Insolvency
The Austrian manufacturer of computer games is convinced of the continuity of the company. There are already interested parties with whom negotiations are being held.
January 10, 2011
Austrian Tourism Operators Continue to Invest Heavily
Investment in the tourism business is estimated at € 5.0bn for 2011. The previous year’s level will therefore be maintained.
January 10, 2011
Austrian Tobacco Industry Fears Cigarette Smuggling
According to the presently Japanese Austria Tabak, 20% of cigarettes are already smuggled. The tobacco tax is expected to increase this trend even more.
January 10, 2011
Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade
67% of Serbian Beogas are being taken over by the Styrian energy company.The concession covers a service area in the Serbian capital, with over 400,000 customers.
January 10, 2011
EVN Elects New Supervisory Board
The majority shareholder of the Austrian energy company EVN submitted a proposal regarding the new supervisory board elected on January 20.
January 10, 2011
S&T announces to withdraw from Germany
The Austrian information technology consulter S&T withdraws from the German market. Hence the German subsidiary „S&T Deutschland GmbH“ will be closed.
January 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 10, 2011
Immofinanz Group: New Head of Developments Commercial
The Immofinanz Group announces the appointment of Ralph Bezjak, 43, who has recently taken on the position of Head of Developments Commercial.
January 10, 2011
OMV: Moody´s Warns Against Downgrade
The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.
January 10, 2011
Recovery in Austria´s Labor Market Continues
The domestic labor market´s data for 2010 were better than expected. The number of job-seekers declined by 3.7%
January 8, 2011
Smurfit Kappa Nettingsdorfer Reports Production Record
The paper manufacturing company reports increasing production numbers. However, sales are decreasing substantially
January 7, 2011
Volksbanken Profitable Again
The Austrian Volksbanken Group generated profits in 2010. The state’s money should be repaid this year.
January 7, 2011
Austrian SME as a Source of Innovation
Austria's small and medium enterprises are, according to the Small and Medium-Sized Business report, the main driver for innovations.
January 7, 2011
Demands for Financial Transactions Tax
The Chairman of the Austrian Provincial Governors’ Conference, Josef Pühringer, demands the introduction of a pan-European financial transactions tax.
January 7, 2011
Additional Revenues for C-Quadrat
The Austrian investment fund C-Quadrat Investment AG earns additional revenues from performance fees in December 2010.
January 7, 2011
Management Change at IBM Austria
Tatjana Oppitz is the new Director-General at IBM Austria, replacing Leo Steiner.
January 7, 2011
Suspicion on Money-Laundering at Hypo Group
Money transfers between the Carinthian Bank, Switzerland, Liechtenstein and the Caribbean are currently being checked extensively by the judiciary.
January 7, 2011
S&T: New Investors in Sight
S&T, the software company undergoing massive difficulties located in Austria might get an Indian investor soon.
January 7, 2011
OMV: Market Predicts Capital Increase
Due to acquisitions and the rating situation, analysts expect a capital increase of Austria's energy group.
January 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 7, 2011
JoWood Applies For Insolvency Proceedings
The Austrian Computer Game Manufacturer has to declare its efforts towards restructuring as failed. Now the procedure of capital reorganization starts.
January 7, 2011
Austrian Airlines: Negotiations Finished
The management of the Austrian Airlines and worker representatives agreed to increase salaries slightly in 2011. Thus, strikes will not take place.
January 7, 2011
Analysts: Outstanding Forecasts For ATX
According to analysts, the Austrian Stock Index ATX will continue its strong upward trend in 2011. Double-digit growth rates are expected.
January 7, 2011
OMV Expands in Tunisia
OMV acquires Tunisian Exploration and Production (E&P) subsidiaries of Pioneer Natural Resources for $ 800m plus working capital.
January 6, 2011
Strong Increase in Austrian Foreign Trade Figures
January to October 2010: imports and exports increased by more than 15%
January 6, 2011
Kneissl: "Al Jaber pays"
The Tyrolean ski manufacturer promises once more to pay its debts. The state prosecution is already looking into the matter.
January 5, 2011
WIFO and IHS Foresee Economic Weakness
The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.
January 5, 2011
JoWood Sues Former Shareholder
Vienna Stock Exchange listed JoWooD Entertainment AG today filed a law suit demanding payment of an amount of € 2.36m plus interest.
January 5, 2011
Former Member of the Board of BayernLB Arrested
Gerhard Gribkowsky, whose foundation in Austria was concealed to the German judiciary and is now known, is in custody
January 5, 2011
AUA Staff Ready to go on Strike
The results of the polls are for starting the strike at Austrian Airlines. Should the negotiations fail, the staff is ready to go on strike.
January 5, 2011
FMA Prohibits Speculative Elements in Savings Accounts
The Austrian Financial Market Authority FMA specifies the characteristics of savings certificates. The traditional savings account is to remain non-speculative
January 5, 2011
Bank Tax in Poland?
The Polish government is considering levying taxes on banks already in 2011. From the Austrian perspective, Raiffeisen Bank International would be affected.
January 5, 2011
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