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First half-year 2010: trade volume of more than 50 bn euro in both trade flows

Austrian imports increased by 12.3% and Austrian exports rose by 12.5% compared to the same period in 2009.

September 7, 2010

Wholesale price index in August up 5.6%

Wholesale price index in August 2010: +5.6% against August 2009

September 7, 2010

Riedel opens office in Shanghai

Georg Riedel, head of family-owned glass maker Riedel, has announced plans to put more focus on the firm’s investment in China.

September 6, 2010

Turnover in Services Sector increased by 1.9% in the first half of 2010

Based on results for the first half of 2010, turnover of Austrian services enterprises at nominal values rose by 1.9% compared to the first half year 2009.

September 6, 2010

The Austrian electricity price index ÖSPI is to decline in October

The electricity price index for October 2010, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that in October prices of electric energy will fall.

September 6, 2010

Opel - Plant in Vienna Aspern provides EUR 10.6 million per year to Germany

The staff of the automotive plant of General Motors in Aspern provides around EUR 10.6m p.a. for the reorganization of German car producer Opel

September 3, 2010

Verbund calls extraordinary GM to decide on capital increase

Verbund appreciates positive decision of majority shareholder

September 3, 2010

VBAG Group result for the first half of 2010: positive development continued

In the second quarter of 2010, Österreichische Volksbanken-AG (VBAG) Group confirmed the turnaround of the first quarter.

September 3, 2010

Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million

TMT Services and Supplies, the South African subsidiary of Kapsch TrafficCom has been awarded a contract by the City of Johannesburg worth approximately EUR 17.5 million.

September 2, 2010

CA Immo International completes first phase of DIY store OBI in Romania

Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.

September 2, 2010

Casinos Austria International in the red

The overseas subsidiary of Casinos Austria, Casinos Austria International (CAI), fell deep into the red in the first six months of 2010.

September 1, 2010

Casinos Austria Opens Casino in Glasgow

Third CAI project in 2010 – total investment of € 50 million.

September 1, 2010

Magna - Plan of arrangement completed

Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.

September 1, 2010

Vienna's unemployment rate drops by 1.8 percent

By the end of August the number of registered jobless in Austria's capital Vienna dropped by 1.8 percent y/y to 71,098.

September 1, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

Registration numbers of new passenger cars are up

Provisional number of new passenger car registrations in August 2010: +10.4%.

September 1, 2010

Teak Holz issues convertible bond with value of EUR 10 million

The bond matures in five years and bears a coupon of 5 percent.

September 1, 2010

OeNB: less corporate loans, but more private loans in June

Austrian Central Bank OeNB reported that in June the volume of new loans extended to private households reached the highest level this year, while the value of new corporate loans dropped.

September 1, 2010

Unemployment rate - Ten percent in euro area

Austria continues to exhibit lowest unemployment rates.

August 31, 2010

UBM with slightly improved results

Focus on hotels and housing, regional focus remains on Poland and Germany.

August 31, 2010

Strabag cutting down losses

The construction company increased its backlog by ten percent, the number of employees fell by six per cent, the net loss was cut in half.

August 31, 2010

Raiffeisen Centrobank AG - Interim Financial Report released

Raiffeisen Centrobank made the biggest contribution to the result of the group with a profit after tax of EUR 14.401 mn.

August 31, 2010

OMV to cover 9 percent of Romanian energy demand

The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.

August 30, 2010

Hofer making 'organic' profits

Growth drivers are milk, fruit and vegetables. After a crisis based collapse in 2008 and 2009, the organic market increased significantly this year.

August 30, 2010

Kelag with more sales and profits

Economic recovery brought growth for the Corinthian energy provider in the first half of 2010.

August 30, 2010

Kommunalkredit back in black

Kommunalkredit AG earned €7.5m ($9.5) net, in the first half of 2010. It is the first period since the split in November 2009; a comparison with the previous year is therefore limited.

August 30, 2010

TeleTrader decreases loss, raises revenues slightly

TeleTrader, a stock-listed IT service provider, posted in H1 2010 a loss on ordinary activities of EUR 62,000 (US$ 48,819), which was slightly better than the loss in H1 2009 (EUR 170,000/US$ 215,900).

August 30, 2010

More profits and less jobs at Rosenbauer

The fire service supplier earned €14.64m ($18.7) this year, €4.21m ($5.37) more than a year ago.

August 30, 2010

EVN: long winter driving profits

The energy supplier earned €204.9m ($261.6) in the first nine months of the current fiscal year, 16.7 percent more than a year ago. The long winter in Austria helped.

August 30, 2010

Schöps has interest in Stiefelkönig

Retail outlets are for sale, initial talks with entrepreneur Jamal Al-Wazzan already took place.

August 30, 2010

Investkredit back in black

Institute earned €9.6m ($12.24) in the first 6 months.

August 30, 2010

Austrian Banks in Central, Eastern and Southeastern Europe

According to a recent comparative study from the Austrian Central Bank (OeNB), the long-term commitment of Austrian banks in Central, Eastern and Southeastern Europe (CESEE) offers good prospects.

August 27, 2010

Telekom Austria: JPMorgan raised price target

Analysts at JPMorgan have revised their price target.

August 26, 2010

Verbund - Fight over capital increase further delayed

The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.

August 26, 2010

Raiffeisen Evolution shifting back

The real estate developer Raiffeisen evolution (RE) was significantly affected by the uncertainty in the property markets in 2009.

August 26, 2010

Allianz Austria registers profits

Allianz Austria has improved its half year results by around 45 per cent, which amounts to pre-crisis levels.

August 25, 2010

Kapsch TrafficCom returns to profit zone

The listed “tolls specialist” has doubled its sales to almost €66.3m ($83.88) in the first quarter.

August 25, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Siemens Group upgrades Austrian business location

Siemens Austria has been named the global interface for the small hydropower plant activities of the Group.

August 25, 2010

Eco Business back in black

The listed Eco Business Immobilien AG registers positive numbers in the first half of the year.

August 24, 2010

Austria - Production index +5.7%

The seasonally adjusted production index for the Production Area (NACE 2008 B - F) (base year) recorded a 0.6% decrease in June compared to May 2010, according to calculations by Statistics Austria.

August 24, 2010

Causa ÖBB - Verbund as top priority

Verbund AG wants to increase its equity, the federal government as majority shareholder will support the plan, which will be discussed, in tomorrows Council of Ministers.

August 23, 2010

Strabag sells joint venture share to Sberbank

Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.

August 23, 2010

Telekom Austria - Works council suspended due to a consultation fee

Telekom Austria works council member Franz Kusin was suspended by the company due to an alleged consulting fee of €30,000.

August 23, 2010

Meinl Bank compensates MEL-investors

The next 600 small investors may get back a third of their losses with MEL-papers. Overall Meinl Bank wants to pay out 3.2m ($4) and then retrieve the money from financial institutions.

August 20, 2010

Bankruptcy wave in Eastern Europe

In 2009 Eastern Europe registered 44 380 company failures, which accounts for over 44 percent more bankruptcy cases than in 2008. In Western Europe, the increase was 18.6 percent, Austria performed well with 9.3 percent.

August 20, 2010

VIG registers higher semi annual profit

The Vienna Insurance Group (VIG) earned €209.8m ($266) in the first half of 2010, which is over ten percent more than a year ago. While more premiums were taken up, paid benefits decreased.

August 20, 2010

OMV boss with possible prosecution

OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.

August 20, 2010

Albania - Green light for new power plant of Verbund and EVN

The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.

August 20, 2010

Voestalpine back in black

The Austrian steel company Voestalpine has benefited from strong economic recovery in the first quarter of 2010/11 and has by far exceeded earnings expectations of analysts.

August 20, 2010