Sponsored Content
Latest News
Kotányi: Sales in Russia Exceed 20 Million Euro
The Lower Austrian herb and spice producer expects sales in Russia for over 20 million euro this year.
October 12, 2010
Wilhelm Molterer: Management Consultant Since Early October
Former ÖVP Vice Chancellor and Finance Minister Wilhelm Molterer (55) started working as a management consultant. Since early October, his EuroAdvisory GmbH based at Mahler Road 11, is operative in the Vienna city center .
October 12, 2010
Slovakia: Changes in Automobile Production Trend
Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.
October 12, 2010
Shopping Climate Index CEE - Slight Consumption Rebound
For the first time in the past two years the RegioData Shopping Climate Index CEE has improved considerably compared to the previous quarter.
October 12, 2010
Austrian Airlines: 11.2% More Passengers
As part of a new strategy, AUA (Austrian Airlines), is targeting especially regular services. Overall, the Lufthansa subsidiary, has transported 8.4 million passengers this year.
October 11, 2010
Vienna's Municipal Election: SPÖ Loses Absolute Majority, FPÖ is Triumphant
The SPÖ achieves 44.3% at the election. The FPÖ can double its share of votes and comes in second, with 27%. The ÖVP and the Greens show losses.
October 11, 2010
Manufacturer of Fine Glass Villiglas Strengthens Management
Visionary and heir of billions Philipp D.Merckle takes Joseph Lindenberg and Manfred Pesek into the management of the fine glass manufacturing company.
October 11, 2010
RZB Group Tatra banka among Lead Managers for Slovak Republic EUR 2 Billion Benchmark Bond
Tatra Banka (RZB Group), HSBC, SG CIB and UniCredit Bank Slovakia placed a Slovak Republic issue with a maturity of fifteen years.
October 11, 2010
Raiffeisen Bank International: Official Start of Business
The merger was concluded successfully and effectively with the company's entry into the commercial register. RZB remains unchanged as the central institution of the Raiffeisen Bank Group in Austria and corporate headquarters for the whole RZB Group.
October 11, 2010
Wholesale price index plus 7.1%
The index of wholesale prices, WPI 2005, amounted to 112.8 (preliminary value) in September 2010 and has increased by 1.1% against August 2009.
October 8, 2010
Austrian Statistics - Exports and imports increased more than 12%
According to preliminary results, total imports amounted to 62.84 bn euro and total exports amounted to 61.13 bn euro in the period January to July 2010.
October 8, 2010
Vienna Stock Exchange - Agreement with Macedonian Stock Exchange on Joint Dissemination of Data
In the future, the price data of the stock exchange of Macedonia will be disseminated in real time via the datafeed Alliance Data Highway (ADH) of the Vienna Stock Exchange.
October 8, 2010
Chip Manufacturer Infineon: Revalorization of the Development Center Graz
The German chip maker based in Villach is bundling competencies. All future research on tire pressure sensors will be made at the Infineon Development Center Graz with 250 employees.
October 8, 2010
Postponed: Decision on Nabucco Not Before 2011
Because the talks with the main supplying country Azerbaijan are proceeding with exceeding slowness, the decision about the construction of the pipeline will not be possible this year.
October 8, 2010
Siemens Graz: - Investment of 12 Million in Plant for Railway Bogies
Siemens is investing a total of twelve million euro at the Graz location. The plant for railway bogies will receive a new assembly line for wheel sets. In addition to the present 950 employees new jobs will be created.
October 8, 2010
Austria is Getting More Popular Among Arab People
Arab tourists find Austria increasingly pleasant. So far this year, the number of arrivals between January and August grew by 21% to 91,600 as compared to the same period of the previous year.
October 8, 2010
Asfinag: Toll Revenues for 1.63 Bllion Euro in 2010
The motorway vignette will bring the state-owned motorway company Asfinag 350 million euro this year, truck tolls one billion. Total revenues will be around 100 million above those of 2009, but debts increase by around 600 million.
October 8, 2010
Skylink: Board Changes at the Airport After Vienna Election
At Vienna Airport, the chairman of the supervisory board, Cristoph Herbst, is being talked about as successor to Ernest Gabmann(ÖVP). The Audit Court’s report on Skylink points to serious deficiencies.
October 7, 2010
Wine Retailer Chain Wein & Co Expands
Wein & Co continues expanding. Since December 2009, 3 new stores have been opened. Tomorrow a new branch follows in the PlusCity in Linz, and for October and November further locations are expected at the Donauzentrum and the Mariahilfer street.
October 7, 2010
Bratislava: Investment in Slovak 'Las Vegas' in Danger
Bratislava might lose the planned amusement park "Metropolis", with an investment amount of 1.5 billion euro, if the Slovak government revokes the already approved tax concessions.
October 7, 2010
Rail Cargo Austria :End of Losses Not in Sight
The losses of the ÖBB subsidiary Rail Cargo Austria rise to at least 200 million euro The end is far away. Lay offs and restructuring are necessary.
October 7, 2010
Macquarie to take over Innovest from Siemens
The Macquarie Group acquires Siemens' Innovest KAG. Innovest's activities are an important platform for Macquarie Funds Group in Central Europe and fit into the strategy of Macquarie to build a global asset management company.
October 7, 2010
Mandatory Community Service is Possible Legally
A mandatory community service to substitute military service in the event of the abolition of conscription, would be legally possible. Constitutional experts consider a compulsory community service not excluded by the Constitution.
October 7, 2010
Zumtobel Closes Loss-Making Plant Space Cannon in Italy
Zumtobel, the shareholder of the company Space Cannon VH SRL, based in Fubine (Piedmont), a specialist in façade and event lighting and a member of the Zumtobel Group, has filed for liquidation.
October 7, 2010
Zumtobel Opened Light Center in Shanghai
More than 120 architects, designers and business partners enjoyed the Zumtobel opening gala for the new Light Center in Shanghai.
October 7, 2010
Telekom Austria: Interest in the Serbian Telekom Srbija
Following the acquisition of Velcom in Belarus, Telekom Austria (TA) is showing interest in other telcos in the Balkans. Currently, ihe favorite target is Telekom Srbija.
October 6, 2010
Credit Monitor: Further Decline in Foreign Currency Loans
Such is the development of domestic loans to non-banks in July 2010
October 6, 2010
Qualified Workforce: Austria’s Target is to Attract Skilled Immigrants
ÖAAB General Secretary Lukas Mandl: "Germany has long been an immigration country. Austria also has to become one. Austria’s target should be to attract skilled immigrants, after identifying the needs."
October 6, 2010
RHI Is Considering Raising Capital
The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.
October 6, 2010
Lufthansa suspends Linz to Munich flights as from October 31
Lufthansa discontinues its flights from Linz to Munich on October 31, tickets will be transferred or refunded.
October 6, 2010
AVL Opens Battery-Testing Lab in Shanghai
With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.
October 6, 2010
European Cities Monitor 2010 - Vienna is the biggest mover
According to Cushman & Wakefield research, this year Vienna is the biggest mover, rising up the ranking by six places to 22nd place.
October 5, 2010
Schoeller-Bleckmann Acquired Dubai Based Special Tools Provider
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, has successfully completed acquisition of Drilling Systems International Ltd. (DSI).
October 5, 2010
Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale
Hypo Alpe-Adria-Bank International has put up for sale a 25% share of Merkur, the insolvent Slovenian DIY and home improvement products chain, in the daily newspaper "Delo”
October 5, 2010
Alpine: New 140 Million Euro Motorway Contract in Poland
The construction company from Salzburg is to build an 18-kilometer motorway section for almost 140 million euro.
October 5, 2010
EVN resolves on capital increase – transaction together with EnBW
With the Supervisory Board’s approval, the Managing Board of EVN AG has resolved on a capital increase from authorized capital through the issuance of up to 16,352,582 new ordinary no-par value bearer shares.
October 5, 2010
Doppelmayr: Major Contract from San Francisco for 121 Million Euro
After major orders for its cable car system for Las Vegas and Venice, the cable car technology group from Vorarlberg now also got on track in the greater San Francisco area with the largest order in the company’s history.
October 5, 2010
FDI - Austrian enterprises still expanding abroad; foreign enterprises in Austria stagnate
In 2008, Austrian enterprises still expanded their shares in foreign enterprises. 4 899 Austrian affiliates abroad meant a 14% rise in comparison to 2007.
October 5, 2010
Household Energy: Prices Rose by 5.4%
Households have to pay on average 5.4% more for energy in Austria than one year ago. Diesel is 10.4% more expensive in the yearly comparison.
October 4, 2010
SPÖ's Absolute Supremacy Wobbles in Vienna, According to Surveys
The SPÖ is threatened with the loss of the absolute majority in the Vienna-election on next Sunday, the FPÖ is likely to surpass 20%. Greens and ÖVP might register losses and the BZÖ might miss its entry into the municipal council.
October 4, 2010
OMV: Gas Reservoir Found in Southern Tunisia
OMV has been successful again in southern Tunisia. "The two additional findings are of economic and strategic importance and round off the success of the present OMV-drilling campaign, with a total of nine strikes in a row."
October 4, 2010
Skylink: Position on the Report of the Audit Court
The contents of the Rechnungshof (Audit Court, RH) report is said to be prejudicial; the Airport Board will submit its opinion today.
October 4, 2010
Kapsch TrafficCom: Polish 1.24 Billion Euro Contract for Truck and Bus Toll System
The company listed in the Vienna Stock Exchange will build up the entire toll system for trucks and buses weighing over 3.5 tons on Poland's roads for July 2011.
October 4, 2010
Austria: Economic Recovery Continues
OeNB economic indicator: After the exceptionally strong economic recovery for the first half year, the Oesterreichische Nationalbank (OeNB) expects sustained high economic dynamics in Austria for the second half year.
October 1, 2010
Post Boss Pölzl 3 Months prior to the Liberalization
Post Boss Pölzl allegedly looks ahead with confidence to free competition, even for traditional letters.
October 1, 2010
New Connection Between Mandarin Group and Karl-Heinz Grasser
Grasser invested money for his mother in law. According to reports, the connection between the Caribbean offshore company Mandarin and the ex-finance minister has been proven.
October 1, 2010
FACC Grows and Hires
The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.
October 1, 2010
Baur: Sales Growth and Eastward Look.
Baur Prüf- und Messtechnik reported a moderate growth in sales during the crisis year. Now the company wants to continue growing abroad.
October 1, 2010
Taxand opens CEE headquarter in Vienna
Taxand, a global organization of tax advisory firms, welcomed Taxand Austria to its fold. Each firm in each country is a separate and independent legal entity responsible for delivering client services.
October 1, 2010
Emporia Telecom intends to enter new markets
The innovative Linz based company Emporia Telecom, a global leader in mobile phones designed for the older generation, is growing and wants to conquer new markets.
October 1, 2010
Fast News Search
