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ÖVAG does not want to stay solo
The enthusiasm of authorities, central bank and the federal government is limited for the decision of the ÖVAG owner to continue without a partner and to merge Investkredit and ÖVAG.
June 25, 2010
OeNB - Stress tests discriminate against European banks
The Austrian banks have become more stable compared to the autumn of 2009, as analyzed by the Austrian National Bank. However, "stress tests" could cause lengthy aid procedures in Europe.
June 25, 2010
EU - Austria granted to extend bank aid package
The European Commission extended the authorization for the Austrian bank rescue package of €100b ($123b) for half a year.
June 25, 2010
Christ Water Technology AG - Remaining minority shareholders to receive €2.10 per share
The Management Board of CWT and Eimco as principal shareholder of CWT have now jointly fixed the appropriate compensation at €2.10 ($2.6) per CWT share. The appropriateness of this compensation remains to be reviewed by the Supervisory Board of CWT.
June 25, 2010
KTM Power Sports AG - KTM speeds up earning rise in the third quarter
The KTM-group is expected to generate an EBIT of €12.4m in the 3rd quarter of 2009/10 and is heading for an overly positive business year 2009/10.
June 25, 2010
CA Immobilien Anlagen AG to acquire Europolis AG
CA Immobilien Anlagen AG agreed with Österreichische Volksbanken-AG Group to acquire all shares in Europolis AG.
June 25, 2010
Zumtobel AG - CFO Thomas Spitzenpfeil to resign at the end of September 2010
Thomas Spitzenpfeil, Chief Financial Officer of the Zumtobel Group, has announced his intention to resign in order to pursue a career opportunity on the management board of a German corporation.
June 24, 2010
EU accuses Austria of hurdles in buying property
The European Commission refers Austria to the European Court of Justice. Reasons are fundamental barriers to the acquisition of agricultural land in Vorarlberg.
June 24, 2010
Austrian Institute of Technology - "Last Chance" was used despite economic crisis
The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".
June 24, 2010
CA Immo attends to Europolis AG
Austrian Volksbank AG (ÖVAG) will conclude on Thursday its business of selling its real estate subsidiary Europolis to the CA Immo.
June 24, 2010
INSITO international symposium on the quality of work in Vienna
Securing and improving working conditions, health and safety at work in times of crisis will be discussed from today by international scientists and interest representatives from Vienna.
June 24, 2010
New plant location opened in industrial park Gmünd
The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.
June 24, 2010
Hypo SüdLeasing Ltd. - Change in Executive Team
The position of the Managing Director was assigned to Maria Klimke as of 01/06/2010. She succeeds Ms. Nora Frischherz who left the company on 31.05.2010.
June 23, 2010
Siemens Austria wins award for research project
The research project Reconcile was awarded as best proposal for the funding program FIT-IT (Tesearch, Innovation, technology, information technology) in the program series "Semantic Systems and Services".
June 23, 2010
Bene AG - Results for the first quarter of 2010/11
In the first quarter of 2010/11 sales and earnings of the Bene Group were still affected by the difficult economic environment in most of the markets.
June 23, 2010
Publication of the stress tests on Friday
In the second half of July, the results of the stress tests for the 25 leading banks in the community will be published. Previously such reviews, as well as the national results of stress tests for all banks of a country, were kept top secret.
June 23, 2010
Migration barriers - Austria missing out on Human Capital
Due to existing migration barriers, Austria looses highly skilled workers who are hard to find, especially in the years of the boom in the domestic labour market.
June 23, 2010
All currencies declining against gold
The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to Stöferle.
June 23, 2010
Is Telekom Austria more expensive than the industry average?
Given the current revenue multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.
June 22, 2010
Power International Limited continues legal battle with Meinl Bank
The former company Meinl Power International Limited PI (PI) seeks to pursue its litigation with Meinl Bank.
June 22, 2010
EU has doubts about realignment of Hypo Alpe Adria
The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.
June 22, 2010
Energy ten percent more expensive
Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.
June 22, 2010
Vienna Stock Exchange includes two fundamental indices
The Vienna Stock Exchange introduces two Fundamental Indices, CECE and CEETX fundamental, which includes the company CECE and the CEESEG (CEETX) Traded Index.
June 22, 2010
Power International Limited - AGM approves all resolutions
All proposed resolutions on the agenda of the Annual General Meeting (AGM) of PI Power International Limited (PI) held today, Tuesday, in Vienna, were approved by a majority of about 99%.
June 22, 2010
Markus Jochum as new CEO of Hypo Tirol
Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.
June 21, 2010
OMV shows interest in Dana Petroleum
Shares of British oil and gas group increasingly gaining according to rumours.
June 21, 2010
Liquid-gas-project in Croatia delayed
The liquid-gas-project in Croatia, Adria LNG, in which OMV is involved with about one third will be postponed for at least three years.
June 21, 2010
Quo vadis Europe? Crisis summit at the University of Linz
Corporate crises, bank failures and bankruptcies of entire economies: Europe is struggling with the agenda of national and international restructuring plans.
June 21, 2010
Hypo Alpe Adria - shareholders' meeting approves capital increase
€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).
June 21, 2010
Green power - competition for new wind turbines
The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.
June 17, 2010
Inflation or deflation?
According to Wolfgang Braun at BörseExpress, there is fear among the citizens: the fear that they might lose their savings through inflation.
June 17, 2010
Textile Industry remains attractive
The industry managed to register sales increase for the sixth consecutive year, the trend is upwards.
June 17, 2010
Christoph Hinteregger new chief negotiator of metalworkers
Deputy chief negotiator is Alfred Hintringer - former chief negotiator Hermann Haslauer available as consultant.
June 17, 2010
Internet services industry produces about €6b
The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.
June 17, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Tumpel - No mass taxes!
Higher taxes would further boost inflation - rising prices mean less purchasing power and ultimately less growth.
June 16, 2010
Finance Minister Pröll against publication of stress tests
Finance Minister Josef Pröll has expressed his discontent at a press briefing this afternoon about the current European debate on the publication of stress tests of individual banks based on the U.S. model.
June 16, 2010
Austrian Chamber of Commerce - Fritz Aichinger is the new chairman of trade
Aichinger succeeds Erich Lemler – Deputy: Jutta Pemsel and Wolfgang Sauer
June 16, 2010
Gazprom plans to enter Slovakian market
The gas company will take over the subsidiary Energo Vemex in Slovakia.
June 16, 2010
Slight fall in inflation in May 2010 to 1.9%
According to calculations by Statistics Austria, the inflation rate for May 2010 was 1.9%, slightly lower than in previous months (both 2.0% in April and March).
June 16, 2010
Hungary - Orbán's crusade has what it takes for an export success
Viktor Orbán could have used his appearance at the IIF conference in Vienna to refurbish the image of his bankrupt government.
June 15, 2010
Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer
On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.
June 15, 2010
Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna
Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.
June 15, 2010
Austrian Post - Customers are leaving
Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.
June 15, 2010
Konrad confirmed as advocate-general for Raiffeisen
Christian Konrad is elected for another four years.
June 15, 2010
Conwert Immobilien Invest SE - voluntary public takeover offer for ECO Business-Immobilien AG
Conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, announces that it will submit a voluntary public takeover bid to all the other shareholders of ECO Business-Immobilien AG.
June 15, 2010
Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey
International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.
June 15, 2010
Dairy firms Tirol Milch and Berglandmilch to merge
Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.
June 14, 2010
Kogler accuses Leitl of fiscal incompetence
WKÖ chief to submit reorganization plan or to remain silent.
June 14, 2010
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