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Roche Lays Off 400 Jobs in Styria
The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.
November 18, 2010
Allianz Austria Announces Q1-Q3 2010 Results
With good results for the first nine months, both in the investment and the core business, Allianz could increase the net operating result by 27.3%.
November 18, 2010
Voestalpine Announces Q1-Q3 2010 Results
Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales
November 18, 2010
Linz Textil Announces Q1-Q3 2010 Results
The textile group was able to attain a sales increase of 20% and also a significant increase in earnings.
November 18, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-17)
Daily News-Flash from tthe Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 17, 2010
Indonesia and Austria Agree to Extend Cooperation
President Fischer officially visited the Islamic Republic Indonesia, which is of the most important future markets of the South Asian region for Austria.
November 17, 2010
Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3
Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.
November 17, 2010
Binder&Co; Announces Q1-Q3 Results
Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.
November 17, 2010
Junge Industrie Wien: Explosive Generational Balance Study
Junge Industrie Wien calls for "courageous steps". The credo is future investments instead of transfer payments.
November 17, 2010
Private Consumption of Austrians Increases
After the crisis of 2009, in which private consumption stagnated, expenditure on consumption rises massively again. The growth rate is 4.2%,
November 17, 2010
Industry Welcomes EU Energy Infrastructure Package
Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.
November 17, 2010
A-Tec: New Hopes with Ronny Pecik?
Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.
November 17, 2010
Hoteliers: Threat of Staff Shortage
On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.
November 17, 2010
AE&E: Staff asks for continuity concept
The staff of A-Tec's subsidiary AE&E (Austrian Energy & Environment) call on the negotiators in the restructuring process to ensure continuity.
November 17, 2010
GPA: Private Employees Receive 2.2% Salary Increase.
Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".
November 17, 2010
Warimpex Announces Results of Q1-Q3 2010
Upward trend continues in the third quarter of 2010: Sales up by 21 percent.
November 17, 2010
Post AG Announces Results for Q1-Q3 2010
The Austrian Post experienced a very stable period. Sales declined slightly, EBIT and cashflows increase moderately.
November 17, 2010
Strabag: Takeover of h s energieanlagen Austria
STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.
November 17, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-16)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 16, 2010
Mayr-Melnhof Announces Results for Q3 2010
Mayr-Melnhof records a significant increase of results in Q3. The rise in cartonboard prices compensates the recent cost surge.
November 16, 2010
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
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