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Green Electricity Costs are Rising in Austria
Transfer pricing for the E-business rises in 2011, depending on the type of production, between 2.7 and 25.6%
January 3, 2011
Vienna Stock Exchange: Winners and Losers (2011-01-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
January 3, 2011
Secret Foundation of BayernLB in Austria
In the hearings on the purchase of Austria's Hypo Group, a former Member of the Board of BayernLB concealed the existence of a foundation in Austria.
January 3, 2011
Austrian Federal Railways Needs € 400m
Christian Kern, CEO of the Federal Raiways (ÖBB), backed up his call for a capital increase.
January 3, 2011
Leitl Urges Implementation of Reform Plans
The President of the Austrian Economic Chamber shows himself pleased by the economic data 2010 and urges the continuation of educational and administrative reforms.
January 3, 2011
New Responsibilities for the Financial Market Authority
As of 2011, the Austrian Financial Market Authority (FMA) has to face new challenges. The focus is on the fight against money laundering.
January 3, 2011
Increase of Debts Slows Down at Asfinag
According to the Austrian motorway company Asfinag, austerity is slowly starting to show results.
January 3, 2011
Real Estate Prices Rose in Vienna in 2010
Real estate prices rose in Vienna, according to the portal FindMyHome.at by almost 3%; rental prices slightly over 1%.
January 3, 2011
The ATX Celebrates its 20th Anniversary
Despite long-term attractive returns of the ATX, Austrians are not eager to invest in shares.
January 3, 2011
Experts: No Failures in the Austrian Labor Market
The last hurdles for the new EU-members to enter the Austrian labor market will fall in May 2011. However, even the unions has no concerns.
January 3, 2011
13 CEOs Call For Sanctions Against Hungary
Because of the new taxes introduced by the Hungarian government, a group of prominent European CEOs call for EU-sanctions.
January 2, 2011
Austrian Unemployment Further Declines
Unemployment numbers go down specifically in the production sector. Long-term unemployment also declines over average.
January 2, 2011
Red Bull Massively Invests in Upper Styria
The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.
January 1, 2011
Drastic Job Cut at ÖBB
The Austrian Federal Railways cuts 650 posts at its freight division Rail Cargo Austria (RCA).
January 1, 2011
Austrian Industry Remains on Growth Course
Bank Austria Purchasing Managers’ Index down slightly in November, but strong growth persists. Order intake increased as well as employment.
January 1, 2011
RLB OÖ Records Substantial Growth
Raiffeisenlandesbank Oberösterreich experiences a 11.8% increase in operating profits. Cost-Income ratio further decreases.
December 31, 2010
Austria's Minister of Social Affairs Wants to Extend the Years of Employment
Rudolf Hundstorfer wants to see older workers work longer, and is trying to get the consensus of businesses.
December 31, 2010
VBI Romania is a Source of Worries for ÖVAG
Volksbank International (VBI) is to be sold by the Austrian Volksbanken Group. The Romanian subsidiary keeps the group from doing so.
December 31, 2010
State Secretary for Finance: Euro-bonds as a Medium-term Strategy
The Austrian State Secretary for Finance, Andreas Schieder, does not discard Euro-bonds, against the majority view of German and Austrian politicians.
December 31, 2010
Massive Rise of Debt in the Public Sector
Austria's debt is rising dramatically. Not only the state budget, but also the provinces and municipalities are the major contributors to this situation.
December 31, 2010
Structural Change in Austrian Winter Tourism
Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.
December 31, 2010
Changes in Living Standard of Austrians
A WIFO study compares the required average working time of industrial workers to the purchase of goods and services over the passage of time.
December 31, 2010
Sales Drops in Austrian Construction Industry
The construction output value in building construction and engineering decreased by 3.5% from January to September 2010. The order situation is also deteriorating.
December 31, 2010
Splitting-off at IT Service Provider Beko
The shareholders of the Austrian Beko Holding are about to decide a splitting-off of Cross Informatik GmbH. Besides, ownership structure of Beko will change.
December 31, 2010
Profit Warning at S&T
The Q4 data of the Austrian software consulting company show negative operational results.
December 31, 2010
Atrium Reacts Sharply to Meinl´s Lawsuit
Atrium European Real Estate Ltd comments the recent lawsuit by Meinl Bank: “A desperate response.”
December 31, 2010
Austria's Material Goods Production Increases Massively
The production trend in the manufacturing and construction industry shows a positive effect in September 2010. Sales increased by 10.3%.
December 31, 2010
Kovats also Suffers Private Plight
The chairman of the insolvent A-Tec, Mirko Kovats, has to grant Raiffeisen liens on his personal properties
December 31, 2010
Immofinanz Sues Lobbyist
The Austrian real estate group Immofinanz sues its former adviser, Walter Meischberger, because of the "Buwog Affair".
December 30, 2010
Nowotny Calls for Consistent Budget Consolidation
The Governor of the OeNB draws balance at the end of the year and gives his outlook on the challenges for 2011
December 30, 2010
Austria's Labor Market Opens
As of May 1, 2011 the German and Austrian labor markets open for the new EU citizens. Romania and Bulgaria will follow suit in 2013.
December 30, 2010
Billion Worth Qatar Holding Explores Investment Opportunities
The Austrian economy expects closer relations and potential export opportunities as the result of the state visit of the Emir of Qatar.
December 30, 2010
Record performance for the ATX
The main index of the Vienna Stock Exchange managed to get into a top position in international comparisons. The losses caused by the crisis could be partially offset.
December 30, 2010
WIFO Director: "Crisis was not Taken Advantage of to Introduce Reforms"
In an interview with the newspaper "Kurier", the head of the WIFO criticizes the lack of commitment to reforms. His perspectives for Austria are nevertheless optimistic.
December 30, 2010
Analysts Expect ATX to Underperform in January
The main index of the Vienna Stock Exchange experienced a strong rally in December. Thus, ATX outperformed compared to other European indices.
December 30, 2010
Creditors Wish Kovat´s Retreat
The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.
December 30, 2010
Stronach Sells Shares to Magna
The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.
December 30, 2010
A-Tec: Restructuring Plan Accepted
The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.
December 30, 2010
ÖVAG: Sales Process of East-holding is Under Way
For the coming year, the Austrian Voksbanken are planning to restructure the Group. A buyer is currently being sought for the East-holding.
December 30, 2010
Meinl Starts New Actions against Atrium
The exchange of blows between Meinl Bank and Atrium is getting more violent. Meinl Bank is presently filing a claim before the Arbitration Court of the Economic Chamber.
December 29, 2010
WIFO: Lack of Competition in Austria
According to WIFO, lack of competition is causing a growth bottleneck in Austria and requires legal action by the government and the EU.
December 29, 2010
State Visit from Qatar in Austria
As part of a three-day state visit by the Head of State of Qatar, talks on economic topics are mainly planned.
December 29, 2010
Leitl Demands Reforms
The President of the Austrian Economic Chamber calls for more Government work in administration, health and education.
December 29, 2010
Good Prospects for Austrian Exports
The outlook for 2010 is favorable after the sharp decline of Austrian goods exports in the crisis year 2009 (-20.2%), .
December 29, 2010
Polytec Sells Italian Subsidiary
Today Polytec Holding AG signed an agreement to sell 100% of the shares of Polytec Composites Italia (PCI) to Industrie Metallvakuum Ranger S.p.a. (IMR).
December 29, 2010
Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax
The CEO of Bank Austria, Willibald Cernko, was interviewed by the newspaper “Kurier”. He announced that Austrian Banks will call the Constitutional Court.
December 29, 2010
Illegal Employment Grows
One of four Austrian firms employs illegal workers from abroad.
December 29, 2010
ATX Forecast 2011: High Yields, High Volatility
RLB Niederösterreich-Wien predicts a very good year for security investments and expects double-digit yields.
December 29, 2010
Profits Increase for Banks in Austria
The profitability in the first three quarters of 2010 of Austrian banks shows continued strong growth.
December 29, 2010
Spindelegger: Turkey's Joining the EU Will Not Happen Before 2024
In an interview with the "Wirtschaftsblatt", the Austrian Foreign Minister stresses the relevance of Turkey. Croatia should come into the EU much earlier EU.
December 29, 2010
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