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Bank Austria: Bank of Moscow is No Longer an Issue
Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.
January 20, 2011
Hypo Group Purchase by BayernLB was "unrealistic"
The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.
January 20, 2011
Weak Capital Base of Austrian Banks
According to the rating agency Standard & Poor's (S&P), Austria's major banks are equipped with very weak equity by international standards.
January 20, 2011
Strabag: Layoff Wave in the Czech Republic
Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.
January 20, 2011
Pfizer Austria: First Sustainability Report Published
Pfizer Austria published its first sustainability report based on the recognized guidelines of the Global Reporting Initiative.
January 20, 2011
WKÖ Expects further Rise in Energy Prices
Due to the economic recovery, the Austrian Economic Chamber forsees further increases in oil prices. However, there also exists some saving potential.
January 20, 2011
Vienna International Airport: +8.7% Passengers During 2010
The strongest increase has been recorded in passenger traffic to Eastern Europe and to the Middle East. For 2011, the company expects a 5.0% increase.
January 20, 2011
ADX Energy Ltd Continues Operations in Tunisia
The Australian/Austrian ADX Energy Limited (ASX:ADX) announced to continue its operations in Tunisia
January 19, 2011
Trend Reversal: International investors push for Austria's Real Estate Market
Austria is getting increasingly popular for foreign real estate investors. Mainly speculators start to get interested in the domestic market to care.
January 19, 2011
Life Insurance Continues in Demand
While Austrian private investors have less savings, rights to pensions and life insurances rise.
January 19, 2011
Tax Treaty between Austria and Germany
Austria and Germany sign a revision protocol on double taxation agreements to implement the OECD standards of transparency and effective exchange of information.
January 19, 2011
Demand to Unburden Business Founders
The Austrian Economic Chamber demands the creation of tax and corporate law unburdening for company founders.
January 19, 2011
A-Tec Sells AE&E India
The insolvent Austrian group belonging to Mirko Kovats is being gradually separated from its stakes. AE&E India goes to the Korean Doosan.
January 19, 2011
Oberbank is Expanding
Oberbank boss Franz Gasselberger has big plans. The branch network will be expanded this year by eight new branches to 150. The banker’s focus of expansion is Vienna.
January 19, 2011
Reform Backlog Prevents Austria Being a Success Model
The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.
January 19, 2011
Major Order for Andritz from Malaysia
The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.
January 19, 2011
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
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