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Conwert Announces Q1-Q3 2010 Results
The Vienna-based real estate company records a good business development and a significant increase in earnings.
November 24, 2010
AE&E Files Insolvency Application
After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.
November 24, 2010
Wiener Stadtwerke Inaugurates New Headquarters
The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010
SW Umwelttechnik Announces Q1-Q3 2010 Results
The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.
November 24, 2010
Encouraging Development of Austrian Tourism
The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.
November 24, 2010
Industrial Production: Increase Over Last Year, but Trend is Declining
The September 2010 production index shows a significant increase of 3.6% in Austrian industrial production over the previous year.
November 24, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-23)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 23, 2010
Tann Paper Opens Factory in Russia
The Upper-Austrian company makes its initial step in Russia. Further investments are possible.
November 23, 2010
Management Board of UNIQA Versicherungen AG as of 1 July 2011
The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.
November 23, 2010
ECO Business-Immobilien AG Announces Q1-Q3 2010 Results
Vienna-based ECO Business-Immobilien AG records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
November 23, 2010
CEO Streimelweger leaves S&T
After the difficulties of recent months CEO Thomas Streimelweger is leaving the Vienna Stock Exchange listed company.
November 23, 2010
Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area
The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.
November 23, 2010
India: New Promising Market for Austrian Supply Industry
Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.
November 23, 2010
WKÖ Promotes Trade With Developing Countries
The Economic Chamber Austria presents its strategies to strengthen Austrian companies in order to take advantage of business opportunities in developing and emerging countries more effectively.
November 23, 2010
Meinl Bank Sues Atrium for € 1.2 billion
After Atrium instituted proceedings for damages against Meinl Bank before the High Court of Justice in London, Meinl Bank responded with a countersuit.
November 23, 2010
Austria's Energy Consumption Falls
The energy consumption of Austria decreased in 2009 compared with the previous year by 4%. Mainly industry and transport reduced their consumption.
November 23, 2010
OMV's Supervisory Board Supports CEO Ruttenstorfer
The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.
November 23, 2010
Economic Chamber President Leitl Demands Financial Transaction Tax
There is consensus between the Presidents of the Economic Chamber and the Federation of Trade Unions.
November 23, 2010
Lufthansa-CEO Mayrhuber Moves to Infenion
Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.
November 23, 2010
F-Star Acquired Major Order
The Vienna-located f-star and Boehringer Ingelheim to collaborate in discovery and development of therapeutic antibodies.
November 23, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-22)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 22, 2010
Atrium Announces Q1-Q3 2010 Results
Atrium European Real Estate, a real estate company focused on CEE countries, leaves the red and records a strong operational performance.
November 22, 2010
Volksbanken Group Announces Q3 Results
Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.
November 22, 2010
BKS and BTV Show Profit Growth
The two sister banks report strong profits. Expectations are cautiously optimistic.
November 22, 2010
Siemens Austria: New Orders from Bangkok
The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..
November 22, 2010
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
Pankl Announces 2009/10 Results
The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.
November 22, 2010
Job Dissatisfaction Rises Dramatically
Austrians show themselves increasingly dissatisfied with their work. The current working climate index is at its lowest level in four years.
November 22, 2010
Solid Growth inTrade Between Austria and the Czech Republic
Exports between the two countries rise by around 20%. Cooperation is to be extended also to research.
November 22, 2010
CEE: Catch-Up Process Starts Again
After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.
November 22, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
IHS: Capital Gains Tax on Securities is Absurd
The introduction of the capital gains tax on securities would encourage speculation rather than contain it, says IHS (Institute for Advanced Studies) Director Felderer. Private investors are the victims
November 22, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 19, 2010
Rosenbauer Group Announces Q1-Q3 2010 Results
Revenues rose by 9.6%, EBIT is 22.4% above the level of 1-9/2009.
November 19, 2010
Study: Austrian Thermal Market Saturated
The regional management Burgenland has commissioned a study on the regional thermae. The offer is currently exceeding the demand.
November 19, 2010
S&T Seeks to Refinance Bonds
The Vienna-based IT service provider wants to have a sound financing basis. New investors are also being sought.
November 19, 2010
Audit Court: Massive Criticism of Vienna International Airport
The Court expects significantly higher costs for Skylink than the airport itself. There are personal consequences.
November 19, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey
UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 2010
OMV Sells 56 Gas Stations to PKN Orlen
56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.
November 19, 2010
Little Progress for Southstream
The Russian energy group Gazprom has difficulties with the Southstream pipeline project. The optimal path has to be found first.
November 18, 2010
Economic Espionage: Damages for 880 Million Euro in Austria
Every year, Austrian companies lose 880 million euro to economic and industrial espionage.
November 18, 2010
Siemens Austria Participates in Construction of Zagreb’s Main Train Station
The consortium Siemens AG Österreich and Elektrokem d.o.o from Zagreb has been awarded the contract for the delivery of a modern electronic switch system
November 18, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 18, 2010
Bwin Announces Q1-Q3 2010 Results
Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.
November 18, 2010
OECD: Austria's growth until 2012 at 2%
According to the report, the economy is returning back to normal values, but it will have to manage without fiscal stimulus.
November 18, 2010
AE&E: Negotiations Under High Pressure
The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.
November 18, 2010
Magna: Fight for Pininfarina Car Designer
Magna is interested in buying the renowned car body manufacturer and designer Pininfarina, but Indians and Chinese also have purchase intentions.
November 18, 2010
Suspicion of Insider trading: Ruttenstorfer receives support
After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".
November 18, 2010
Study: Agricultural Subsidies Produce No Growth
The Austrian Institute of Economic Research has determined that growth in the Austrian regions is accelerated by EU regional promotional financing, but not by agricultural subsidies.
November 18, 2010
Roche Lays Off 400 Jobs in Styria
The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.
November 18, 2010
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