Latest News

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

EU government leaders agree on bank tax

Financial transaction tax demanded for G-20.

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

OMV could be an accomplice in war crimes and crimes against humanity

OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.

June 14, 2010

Survey - Restrictive lending in Austria

In a survey of the Credit Protection Association (KSV 1870) entrepreneurs declared, that borrowing is currently slow, and the allocation restrictive.

June 14, 2010

Vienna Stock Exchange - Wienerberger and Voestalpine very robust

The Vienna Stock Exchange ended Monday’s trading day with weak volume and higher prices. The ATX rose 42.66 points, or 1.81 percent, to 2405.77 units.

June 14, 2010

OeNB revises growth forecast for 2011 and 2012

Austria's economy will grow 1.6 to 2.1 percent from this year to 2012 to 2.1 percent, as estimated by the Austrian National Bank.

June 14, 2010

OMV remains Austria's largest company

OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.

June 14, 2010

ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m

ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.

June 14, 2010

Austria has 39,077 dollar-millionaires

The number of dollar millionaires did not only rise in Austria but also increased substantially worldwide.

June 11, 2010

Pröll - Austria will introduce a bank tax in a solo attempt.

"The bank tax will be discussed together with the banks and it will be implemented, I stand for that," announced Finance Minister Pröll.

June 11, 2010

Hochhauser - Austria's business landscape is becoming more and more an female entrepreneur landscape

Special Prize of the Economic Chamber of Austria "women in leading positions" goes to Margaret Fürtbauer.

June 11, 2010

Miba AG makes a strong start to the new business year

Miba, strategic partner to the international engine and automotive industry, had a strong start to the new business year.

June 11, 2010

Green Party Vienna sharply criticises the Summit Bank

"Scandalous interplay of politics and banks'

June 11, 2010

AE&E scores a contract over EUR 20 million

The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.

June 11, 2010

Fresh money for upcoming infrastructure projects

If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.

June 10, 2010

Austria's economy further weakens

The gross domestic product of Austria fell in the first three months of this year by 0.1 percent.

June 10, 2010

Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis

Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".

June 10, 2010

IIF Meeting - Viennese outcry against Basel

At its meeting in Vienna on Thursday, the World Bank Association IIF (Institute of International Finance) presented a study on the impact of stricter banking regulations.

June 10, 2010

Skylink-time and on budget-holding

Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.

June 10, 2010

Securing the future of the GM plant in Vienna-Aspern

Economy points to larger role of GM Powertrain in the restructuring plan.

June 10, 2010

Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile

International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.

June 10, 2010

SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects

A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.

June 10, 2010