Sponsored Content
Latest News
AE & E: No Agreement on Sale Talks
No agreement could be reached with the interested party from Hong Kong. The search for a buyer is under intense pressure of time.
November 16, 2010
Procurement: Economy Welcomes Extension
Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse
November 16, 2010
Study: 41% of Working Time in Austria is Unproductive
According to a study by the consulting firm Czipin Consulting, productivity continued to fall in 2008 and 2009.
November 16, 2010
Voestalpine Expands into the Gulf Region
The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.
November 16, 2010
Oberbank Announces Results for Third Quarter 2010
Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.
November 16, 2010
Consumer Price Inflation up to 2.0% in October 2010
Main drivers for inflation are energy prices. Thus, inflation further accelerates.
November 16, 2010
Merger Between Volksbanken and Investkredit
The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.
November 16, 2010
WKÖ: China Overtakes the U.S. as the Most Important Overseas Austrian Trade Partner
The volume of foreign trade (exports and imports) with China in the second third of the year was 5.6 billion euro compared to 5.1 billion euro with the U.S.
November 16, 2010
Hypo Tirol Regroups
The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.
November 16, 2010
Infenion Announces 4Q 2010 Results
Quarterly revenue up by 6 percent sequentially. Segment Results of € 171m, a 24 percent increase from prior quarter.
November 16, 2010
Semperit Announces its Results of Q1-Q3 2010
Group revenue up by 17% to € 519.3m. EBT rose by. 15% to € 62.9m
November 16, 2010
Lenzing Group Announces Results for Q3 2010
Lenzing experiences its best quarter in company history. A new record result is expected for 2010.
November 16, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 15, 2010
Austria's Exposure in Ireland: 3.4 Billion Euro
Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.
November 15, 2010
No Bankruptcy Proceedings Against Kneissl
Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.
November 15, 2010
Austria´s Economy: Recovery Accelerates
According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.
November 15, 2010
Mechanical Engineering Returns to High of Growth
The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.
November 15, 2010
High Demand for Minimum Benefit
In the first month after the introduction of the minimum benefit already 14,500 applications have been submitted. A significantly lower demand had been expected.
November 15, 2010
The ÖBB is a Risk Factor for the State Budget
While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.
November 15, 2010
A-Tec Subsidiary: Negotiations with Banks have Failed
The Kreditorenschutzverband (KSV, Creditors Protection Association) has confirmed that negotiations have failed. The Styrian AE&E is to be sold.
November 15, 2010
ATX: Institutional Investors Remain a Central Component
According to a study from Ipreo, especially Anglo American institutional investors are involved in ATX companies in addition to Austrian investors.
November 15, 2010
OeNB Governor Nowotny "During the Crisis, the Euro Acted as a Protection Shield Beyond the Euro Area"
The Governor of the Austrian National Bank, Ewald Nowotny warns to fiscal discipline and talks about economic challenges and opportunities in Europe.
November 15, 2010
C-Quadrat Investment AG Reports Q1-3/2010 Results
The fund management company records increasing income as well as rising profits.
November 15, 2010
Infrastructure Development: Investing in the Future or Incurring Debt?
While industry competes for sites for the development of infrastructure, legitimate questions are being raised on financial issues.
November 15, 2010
Traffic Expenditures: € 4.3bn less
As a consequence of the new budget, public infrastructure projects are being reduced considerably. Postponed projects and low-cost alternatives will save money.
November 12, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-12)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 12, 2010
Fabasoft Announces Figures for the First Half of 2010
Fabasoft AG announces preliminary Group figures for the first half of the fiscal year 2010/2011. Slight losses are expected.
November 12, 2010
AE&E: New Details on Negotiations
Negotiations over the troubled A-Tec's subsidiary AE&E continue, but they get an unexpected sideshow.
November 12, 2010
S&T Denies Bankruptcy Petition
The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.
November 12, 2010
Wind Energy: Vendors Pressed for Time
Promotion for Austrian wind energy expires in 2012. The industry has only recently been able to set up new facilities.
November 12, 2010
It is Official: Coalition Between SPÖ and Greens in Vienna
Vassilakou becomes Deputy Mayor under Häupl. The program aims to have a recognizable green handwriting.
November 12, 2010
BWT Announces its Results for Q3
BWT records a strong growth in revenues and EBITDA. However, net results fell by 10%.
November 12, 2010
Mobile Telephony: Growth and Continous Upward Trend
The use of mobile phones and telecommunications industry services continues to increase strongly in Austria.
November 12, 2010
Ottakringer Expands
After restructuring, the Vienna beer and mineral water producer plans to grow through acquisitions.
November 12, 2010
Porr Group: Slight Decline in Sales, Cautious Positive Outlook
The Porr Group’s development against the background of the economic crisis is relatively stable. The CEE region is still below expectations.
November 12, 2010
Austria: Strong Growth Again in the Third Quarter 2010
According to the latest flash estimate of the Austrian Institute of Economic Research (WIFO), Austria's economy again expanded in the third quarter of 2010 by 0.9% over the previous quarter (after +1.2% in the second quarter).
November 12, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-11)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 11, 2010
Immofinanz Expands into the Czech Republic and Slovakia
Immofinanz established a new retail concept: STOP.SHOP. has grown in both importance and size in recent years. The Czech Republic and Slovakia are the most important countries.
November 11, 2010
Erste Group: Job Reduction in Hungary
The Austrian bank plans to cut 250 jobs in Hungary. Reasons are the bad loans and the introduction of the bank tax.
November 11, 2010
Carinthia: Industry Faces Stagnation
Despite recent positive economic data, Carinthian industrial firms are less confident. For the coming year, a stagnation in production and in profits is expected.
November 11, 2010
Linz AG: Pause After Investment Offensive
The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.
November 11, 2010
Telekom Srbija: Sale is Resisted
The partially for sale Telekom Srbija which Telekom Austria is said to be interested in, raises passions in Serbia. Opposition to the sale is taking shape.
November 11, 2010
Basel III: Banks Expect Lower Profits
Private banks will have to adjust to lower profits because of Basel III regulations..
November 11, 2010
Pankl Announces Results for 2009/10
The Styrian company Pankl Racing Systems AG presented its preliminary results for the 12-Month period in fiscal year 2009/10. Revenues grew by 20.5 percent in Q4.
November 11, 2010
Manner: Slight Decline in Sales and Profits
Sales of the Viennese confectionery manufacturer are 1.4% lower that those of the previous year. Continued high prices of raw materials put pressure on the results.
November 11, 2010
Standard & Poor’s: Austria's Credit Rating at Risk
The reasons for such gloomy prospects are not problems with the banks or domestic companies, but rather the demographic situation threaten Austria's credit rating.
November 11, 2010
Strabag: Major Contract in Romania for 220 Million Euro
A consortium led by Austria's Strabag has won a contract to build a Romanian motorway for 220.6 million euro.
November 11, 2010
Frauenthal Announces Results for Third Quarter of 2010
The process of consolidation at the Frauenthal Group continued according to schedule in the third quarter: revenues increased by 17.8%.
November 11, 2010
Vienna International Airport: Strong Increase in Passengers
Vienna International Airport: Plus 11.4% in passengers during October 2010. Forecast for 2010: +9.0 % in passengers.
November 11, 2010
Palfinger: Upward Trend in the First Three Quarters 2010
Market recovery and savings measures allowed for above-average increase in earnings. Revenue grew by 19.9 percent to € 464.9m
November 11, 2010
Fast News Search
