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OMV Plans Complete Takeover of Petrol Ofisi
OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV
October 20, 2010
aws-mittelstandfonds: Participation in New Telecom Holding in Carinthia
The fund of the Austria Wirtschaftsservice-Agentur (Austrian Economic Service Agency), a company launched last year to finance medium-sized businesses, has now acquired its fourth participation.
October 20, 2010
Verbund Group: Capital Increase has Been Determined
The capital increase for the biggest domestic electricity generator will allow large investments in energy infrastructure and thereby accelerate new power generation projects.
October 20, 2010
The Next Acquisition: STRABAG Buys Gaul-Group
The German Gaul-group, a regional market leader for construction materials, has been bought by STRABAG for strategic reasons.
October 20, 2010
Bond Refinancing Collapsed: A-Tec Starts Insolvency Proceedings
After several problems with the refinancing of its corporate bond, A-Tec decides to start a restructuring.
October 20, 2010
Booming Tourism: Aeroflot Pressure on Austria's Airports
New routes of Aeroflot subsidiaries to Austria are created due to the growing flow of Russian guests.
October 20, 2010
IMF Considers Recovery as "Moderate and Uneasy"
Growth in Europe seems to be normalizing slowly. Dynamism is missing though, and many vulnerabilities are as yet unresolved.
October 20, 2010
bwin Notifies Merger with PartyGaming to Competition Authority
Transfer to the London Stock Exchange is bad news for the Viennese financial center. The merger will create the world's biggest betting provider.
October 20, 2010
Tourism in Vienna is Booming Like Never Before
All hotel categories are benefiting from strong growth in bookings. August and September were record months.
October 20, 2010
AUA: Licenses in Russia Expire
Austrian Airlines are worried about the landing and overflying rights in Russia. If there is no extension, there is a threat of higher costs.
October 20, 2010
Wienerberger Signs Agreement to Acquire Steinzeug Abwassersysteme
Planned acquisition of worldwide market leader and Europe’s largest producer of clay pipe systems
October 20, 2010
New Westbahn Claims Unjustified Subsidies for the ÖBB
The reason is an amendment to the Public Procurement Act, which allegedly gives preference to the ÖBB.
October 20, 2010
Réné Benko Has already Invested 700 Million Euro This Year
The Tyrolean invests as heavily as before in Vienna and Innsbruck real estate. As to Eastern Europe, he expresses cautious optimism.
October 19, 2010
Vienna Stock Exchange - Today's Winners and Losers
Daily News from the Stock Exchange
October 19, 2010
Kapsch TrafficCom AG Issues a Corporate Bond
With the issuance of the bond, investments necessary for continuation of growth are made possible.
October 19, 2010
A-Tec Wins Major Contract for Project in England
A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.
October 19, 2010
Austrian Airlines Loses Swiss Destination
As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport
October 19, 2010
Serbian Telekom: Entry of Telekom Austria?
The Serbian government expects to reach a price of 1.4 billion euro for its 51% share of Telekom. Participation of Telekom Austria is expected.
October 19, 2010
Low-Cost Gas Stations on Unused ÖBB Property
The Austrian Federal Railways (ÖBB) have signed a framework contract with Markus Friesacher for up to 35 low-cost gas stations on dormant property.
October 19, 2010
Real Estate Market for Logistics Objects is Booming
In the vicinity of the Airport Vienna, a new logistics cluster arises.
October 19, 2010
Verbund´s Subsidiary Sorgenia Achieved Higher Profits
Net income climbed during the first three quarters to 57.6 million euros
October 19, 2010
Austrian Federal Railways in Debt Crisis
Several infrastructure projects will increase the debt burden of the Federal Railways dramatically. This could bring considerable effects for the financial situation of the whole Federation.
October 19, 2010
A-Tec CEO Kovats: Refunding After 2nd November Possible
“There will be a solution.” Discussions with investors continue.
October 18, 2010
MAGNA: Still No Battery Plant in Burgenland
All efforts towards the establishment of the plant seem in vain so far, although the prospects for success seemed quite good recently.
October 18, 2010
Tax Evaders Targeted by the Ministers of Finance
Budget problems plague the majority of EU countries. In addition to budget discipline, the prosecution of tax evaders is to be addressed.
October 18, 2010
Industry Representatives are Satisfied with New Skilled Workers Regulation
Industry sees the new based immigration model based on criteria as a viable compromise.
October 18, 2010
Slight Fall in Corporate Tax
On the other hand, indirect taxes experienced an increasing trend. Despite tax competition, tax increases are expected due to budget needs.
October 18, 2010
Do & Co Expands Rapidly in Turkey
After the successful expanion with Turkish Airlines, Do & Co plans to enter the event-catering market
October 18, 2010
Hypo-Group: Bavarian Lawsuit Against Carinthia
The balance sheet of the Hypo Group -nationalized in 2009- was artificially inflated, according to the accusation from Bavaria.
October 18, 2010
Supervision of Banks: Austria and Russia Intensify Cooperation
A Memorandum of Understanding just signed facilitates cooperation in banking supervision between the two countries.
October 18, 2010
Strabag Expands its Competence in Bridge Building – New Order in Poland
Strabag SE, a large construction company in Central and Eastern Europe, signed an agreement to build a new bridge complex in Toruń, Poland.
October 18, 2010
Deal of the Social Partners on Immigration and Social Dumping
Introduction of the "Red-White-Red Card" to combat abuse in the labor market
October 17, 2010
WIFO-Boss Aiginger Calls Government for Economization
Aiginger claims for reforms in the tax system
October 17, 2010
EVN's Subsidiary RAG Increased Gas Capacities
New capacities are created, gas and oil exploration in Poland and Hungary to be intensified
October 17, 2010
Réné Benko Looking for Tenants
The building of a new luxury shopping street in Vienna has begun. The tenants are still missing. If these are not found soon, the project threatens to fail.
October 15, 2010
Production Quota of OPEC Remains Stable
There was consensus in the Vienna-based OPEC. Members show their satisfaction with the current situation.
October 15, 2010
Airport Vienna-Schwechat: A New Concept is Called For.
The future direction of the airport will be decided on in November. A change in leadership is in sight.
October 15, 2010
Property Tax is Not Unconstitutional
Property tax is constitutionally unobjectionable; concerns about unit values for calculation of income tax for foundations are however maintained for now.
October 15, 2010
Higher Tolls for Trucks Likely
Higher toll rates in the EU countries are likely due to noise, air and traffic disturbances.
October 15, 2010
Austrian Post Cooperates with Swiss Post
The two companies plan a joint venture to bundle international activities in the field of addressed advertising mail.
October 15, 2010
Magna-Steyr Member of the Board Apfalter becomes Europe Boss of the Magna Group
Apfalter stays on as Magna-Steyr CEO; Eibeck, as Europe Vice-President, is responsible for the Russian market
October 15, 2010
Mineral Oil Tax: A Cash Cow for the Finance Minister
State revenues for the mineral oil tax have risen steadily since 2000. At that time, motorists paid 2.726 billion euro; this year it will be 3.9 billion euro.
October 15, 2010
ADEG Opens First Petrol Station
ADEG, a wholly-owned subsidiary of REWE AG, now expands its business by starting to provide the Styrian petrol stations.
October 14, 2010
Stability Pact with Federal States Has Never Been Met
Deficits of the federal states were too high already since 2001, as well as the deficits of the federation. The surplus of the municipalities couldn´t offset them.
October 14, 2010
Wienerberger: Slow Coming Out of the Crisis
The building materials industry is still growing very slowly in Eastern Europe. Focus is now on innovation and the expansion of market shares.
October 14, 2010
Vienna Airport: Passengers on the Rise
Almost 14% more passengers were counted in Schwechat in September. Cargo share also increased.
October 14, 2010
Production of BMW X3 Shifts From Styria to USA
In Graz, where the BMW X3 has been manufactured until now, production will focus on Minis.
October 14, 2010
CEOs of Stock Exchange Alert: Vienna´s Taxation Plans Cast Investors out
The heads of Vienna´s stock exchange, Schaller and Bohl, fear that the introduction of capital and transactional taxes downgrades Austria´s capital market.
October 14, 2010
General Government Expenditure by Function (COFOG) 2009: Increases in Social Expenditure
In 2009, public finances in Austria were affected by the economic and financial crisis, leading to an increase in expenditure of 3.9%. Statistics Austria's most recent data show a 6% increase of social expenditure in the year 2009.
October 13, 2010
Strabag renews € 2 billion syndicated surety loan
Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).
October 13, 2010
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