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China’s minister of economic affairs visiting Vienna
Chen Deming, Chinese minister of economic affairs signed contracts worth of $900m. President Heinz Fischer and Reinhold Mitterlehner (Austrian minister of economic affairs) he was accompanied by a delegation of 120 advisors.
May 19, 2010
National Council pro "Euro security shield"
Social Democrats SPÖ, People Party ÖVP and Green Party members Van der Bellen and Moser vote pro coalition while the freedom party rejects the referendum.
May 19, 2010
Alfred Gusenbauer will be Strabag's chief of supervisory board
The former SPÖ Chancellor succeeds Waldemar Jud as head of the supervisory board of Strabag.
May 18, 2010
Less mergers and acquisitions (M&A) in Austria
247 mergers and acquisitions in 2009, value of €11b, two-thirds were cross-border.
May 18, 2010
Intercell AG - Hospital bug vaccine delayed
According to an announcement by Zoe Schneeweiss and Namoi Kresge (Bloomberg) Intercell AG fell the most in two weeks in Vienna, after stating that a vaccine against a deadly hospital bug may be delayed to the first or second quarter of 2011.
May 18, 2010
Verbund to expand in Turkey
The subsidiary of Verbund and Sabanci Holding wants to bid on privatization auction of electricity networks in Turkey.
May 18, 2010
Romania - BRD Groupe Société Générale to overtake the largest bank Banca Comercială Română (BRC)
Ambitious goals for the Development Bank Romania (BRD): The second-largest institute of the country that belongs to the French Societe Generale (SG) wishes to ascend to the largest bank in Romania by 2015 - and thus pass “Erste” subsidiary BCR.
May 18, 2010
C.A.T. Oil AG - dividend announcement
The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.
May 18, 2010
phion AG - results of financial year 2009/10
IT security specialist phion - the majority of which was acquired by US group Barracuda Networks - was partly affected by reluctance of medium and large companies to invest in IT security.
May 18, 2010
Kapsch TrafficCom releases results for fiscal year 2009/10
Kapsch TrafficCom AG reported an increase in consolidated revenues at a reduced EBIT but at a clearly increased profit before as well as after tax in fiscal year 2009/10 as compared to the same period in the previous fiscal year 2008/09.
May 18, 2010
Saving energy with trams - Research Project EcoTram 3000 mwh to be saved
While trams are getting more and more comfortable they do require significant amount of energy for heating and cooling. The new project EcoTram aims to combine comfort and energy efficiency.
May 18, 2010
Austrian commercial aviation - 2009 a difficult year
In 2009 commercial aviation registered 22,6m passengers (including transit), 2.1m less passengers (8.5 per cent) compared to 2008. Airfreight decreased by 2.5 per cent or 209,200.3 tonnes while air mail also declined by 10.1 per cent.
May 18, 2010
Transaction tax - SPÖ plans a referendum
The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.
May 18, 2010
Inflation at 2 per cent in April
Austria’s inflation rate remains constant at 2 per cent in April compared to March. Without driving price developments of petroleum products (+23 per cent), inflation rate would register 1,1 per cent according to “Statistik Austria”.
May 18, 2010
WIFO-head - transaction tax yes, but not solo
If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.
May 18, 2010
Transaction tax is favourable to bank tax according to WIFO
According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.
May 17, 2010
Manpower to break threshold of 3000 temporary workers
In 2009 25 branches were opened in Austria and a turnover of €84,3m was achieved.
May 17, 2010
Austrian health insurance sector recorded a small deficit
After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.
May 17, 2010
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