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OMV boss with possible prosecution
OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.
August 20, 2010
Albania - Green light for new power plant of Verbund and EVN
The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.
August 20, 2010
Voestalpine back in black
The Austrian steel company Voestalpine has benefited from strong economic recovery in the first quarter of 2010/11 and has by far exceeded earnings expectations of analysts.
August 20, 2010
AWD back in black
The financial services group AWD Holding AG returned to profitability and achieved a profit before interest and taxes (EBIT) of €20.4m. In the same period last year AWD had at deficit of €10.3m, the EBIT margin is at 7.8 percent.
August 18, 2010
Telekom Austria Group: results for the first half 2010 and the second quarter 2010
Several negative external effects and the impact of weak economies shape the market environment for Telekom Austria Group. These effects include the unabated fixed-to-mobile substitution and the continued price pressure in major markets.
August 18, 2010
Schoeller-Bleckmann Oilfield Equipment AG publishes half-year results
SBO, listed on the ATX market of the Vienna Stock Exchange, was able to take advantage of the increasingly rebounding market environment in the oilfield service industry in the first half of 2010.
August 18, 2010
Airports International - third capital repayment
This third capital repayment follows the initial capital repayment amounting to €2.25 per certificate at the beginning of June 2009, and the second capital repayment amounting to €0.70 per certificate at the end of October 2009.
August 18, 2010
JoWooD Entertainment AG postpones publication of results for Q2 2010
The current state of the consolidation indicates that the group incurred a substantial loss during the first half of 2010 and the management is currently unable to provide reliable information regarding the extent of such losses.
August 18, 2010
Wienerberger approaching “black zero”
In the first half of 2010, the building materials group registered a loss of €39.4m. One year ago it was about €200m. Forecasts however remain cautious.
August 17, 2010
AWS - Increasing demand for small loans
According to the Austria Economic Service (AWS) a significant increase in demand for small loans was registered in the first half of 2010.
August 17, 2010
RHI AG to be the sole shareholder of Didier Werke AG.
The legal proceedings against a resolution adopted at the AGM of Didier-Werke were concluded today.
August 17, 2010
Final result for the voluntary takeover bid for CA Immo International AG
In total CA Immobilien Anlagen AG now holds 42,217,340 shares of CA Immo International AG, this is equivalent to 97.14% of the issued share capital of CA Immo International AG.
August 17, 2010
Construction costs in July 2010: + 3.5% year-over-year, slight decrease compared to June 2010
Austria's Economy - The construction cost index for construction of residential buildings reached 119.6 index points in July 2010.
August 16, 2010
C-QUADRAT Investment AG - Interim Financial Report as of 30 June
C-QUADRAT Investment AG concluded the first half year of 2010 with an operating income of €29.6m, an operating profit of €5.4m and a net profit of €8.5m.
August 16, 2010
Inflation in Austria fell slightly
Inflation in Austria fell from 2.0 to 1.9 percent in July on an annual basis. The main drivers were price increases for housing and fuels, which are responsible for half of the increase in CPI.
August 16, 2010
New management at S&T Austria GmbH
Eduard Bugelnig, Patrick Schnebel and Robert Latka take over management of the Austrian subsidiary of S&T.
July 23, 2010
KTM confirms earning rise in the third quarter
Due to the focus on KTM´s core business and its efficient cost management, KTM managed to find the fastest track out of the crisis despite slightly lower sales.
July 23, 2010
Vienna Insurance Group: increase the proportion of TBIH to 100 percent
After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.
July 23, 2010
Red Bull taking flight
In 2008 and 2009, the energy drink maker halved the gain compared to 2007. Red Bull boss Dietrich Mateschitz wants his energy drink to build on old booms and sparkles, and he is optimistic.
July 23, 2010
OIAG to become an infrastructure holding
The OIAG aims to become an infrastructure holding company. The federal real estate company (BIG), Verbund (energy), Asfinag (infrastructure) and parts of the ÖBB (railway) will be slowly integrated in an ÖIAG structure.
July 23, 2010
Conwert - Petrus Advisors soon legally the core shareholder
The investors, led by the investment company Petrus Advisers LLP already control facto for 17 percent of listed real estate developer conwert Immobilien Invest SE.
July 22, 2010
Head of Erste Bank Treichl advocates stress test ranking
"Then, investors can visualize the results," said Treichl after a bankers' meeting with Trichet.
July 22, 2010
Austria attracts World Bank
Austria has concluded agreements for an official residence of the World Bank Group. It provides privileges similar to those of diplomats for employees of the international organization.
July 22, 2010
AT&S to shift gears
The expansion in China and India as a driver for the circuit board manufacturer.
July 22, 2010
Hungary gives bank tax its blessing
The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.
July 22, 2010
Intercell AG - publication pursuant to Sections 4 and 5 of the Publication Ordinance
Since 2002, the shareholders meeting of Intercell AG has issued stock options on a regular basis to members of the management board, the supervisory board and employees.
July 21, 2010
Strabag signs a deal in Abu Dhabi
The German subsidiary Züblin is the consortium manager for the construction of a new port Strabag scored a deal for the construction of the new port in Abu Dhabi, the company reports in a press release. Via the German subsidiary Züblin as lead manager
July 21, 2010
Constantia Packaging subsidiary with acquisition in Spain
A 100-percent subsidiary of the packaging manufacturer Constantia Packaging AG, which was incorporated a few weeks by the U.S. financial investor One Equity Partners (OEP) is buying in Spain.
July 21, 2010
Banks-Stress Test - Friday evening moment of truth
At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.
July 21, 2010
A-Tec Industries announces changes on Management Board
Christian Schrötter, CFO, today informed the company´s Supervisory Board of his decision not to extend his contract.
July 21, 2010
Banks' equity - "Basel III costs 46 000 jobs"
The stricter rules for the equity of banks will reduce lending by up to 20 percent, says the Institute for Advanced Studies (IHS) in Vienna.
July 21, 2010
Rise in industrial production prices
New rise in industrial production prices in May 2010: +0.8% from previous month, +2.9% compared to May 2009.
July 20, 2010
Telekom Austria's verifies sale to Russian MTS
Telekom Austria (TA) checks on behalf of the Finance Ministry its own sale to the Russian telecom company MTS.
July 20, 2010
Constantia Packaging - shareholders will be reconciled with €47
The new owners of Constantia Packaging make cash payment of €47 ($60.61) per share to its minority shareholders.
July 20, 2010
Andritz receives major order for new stainless steel works from China
International technology Group ANDRITZ has received an order from Fujian Fuxin Special Steel Co. Ltd. to supply major components and systems for a new stainless steel plant in Fujian Province, China.
July 20, 2010
East-Europe Bank - "Hungary carries risks of infection"
The proposed bank tax against the wishes of the IMF is not a good sign, says the head of the European Bank for Reconstruction and Development (EBRD).
July 20, 2010
EVN - Majority of Bulgarian Gorna Arda is sought
Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.
July 20, 2010
Mitterlehner calling for judicious austerity measures
Economics Minister Reinhold Mitterlehner warns EU countries about excessive savings. "Instead of linear cuts, you should save intelligently. Otherwise, domestic consumption is decreased too much," said Mitterlehner.
July 19, 2010
OeNB stresses its commitment to reform
The Austrian National Bank (OeNB) has announced its continuation of current reform policy, in light of stringent austerity measures announcement. Simultaneously, the OeNB said in a press release that its nationalisation has no impact on its independence
July 19, 2010
Hungary rejects additional austerity measures
Hardened front between the Hungarian government on the one hand and the International Monetary Fund (IMF) and the EU on the other side: highly-indebted Hungary has ruled out further austerity measures.
July 19, 2010
Banks threaten with drastic job cuts
Bankers warnings on impact of the stricter financial rules, five to ten thousand jobs are threatened.
July 19, 2010
Eco World Styria - Styrians to outstrip U.S.
The network meets the future on the international market as "The World's Green Tech Valley": a success story.
July 16, 2010
Vienna Stock Exchange - 2,650 points by the end of the year
Compared to the world's major stock exchanges the ATX is seen as an average performer with -5% in the first half of this year.
July 16, 2010
EURO - Confidence returns
Patient Euro is on the road to recovery. Europe's debt crisis and the financial problems mainly of Greece greatly affected the exchange rate earlier this year. Now, the Euro regains strength. After the low of $1.18, the Euro recovered step by step rising
July 16, 2010
Wage dumping
It is unusual that the former Austrian Trade Union Federation President Rudolf Hundstorfer finalised a draft law without a vote of social partners.
July 16, 2010
Economy shrank by 3.9 percent in 2009
The Austrian economy has shrunk even more in 2009 than previously expected.
July 16, 2010
Defying EU fusion reactors
According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.
July 15, 2010
Karl-Heinz Strauss new boss of Porr
The Carinthian project developer and CEO of numerous private foundations and major shareholder of Porr Karl-Heinz Strauss is the new boss of the construction company.
July 15, 2010
Stress tests - according to Cernko, Austrian Banks in the bottom third
Referring to speculation according to which Austrian banks with their relatively low equity ratio should not perform that well, Bank Austria CEO Willibald Cernko said "If one considers capital only, they will be at the top of the bottom third."
July 15, 2010
Vienna Stock Exchange buys 16.5 percent stake of the Ljubljana Stock Exchange
The Vienna stock exchange holding company, CEE Stock Exchange Group (CEESEG AG), has made some arrangements with minority shareholders of the Ljubljana Stock Exchange to purchase the remaining shares of its Slovenian subsidiary.
July 15, 2010
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