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Strabag loses job over €3b ($3,7b) in Bosnia
Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra
July 5, 2010
Cross Industries AG - Changes in Management Board and Supervisory Board
Mr. Rudolf Knünz resigns from the management board, Mr. Friedrich Roithner will take over the function of CFO.
July 5, 2010
C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.
July 5, 2010
Higher property tax could bring a billion
A convergence of calculation basis to real market values could, according to the Wifo, generate additional income of half a billion Euros.
July 5, 2010
Commercial Court - 17 illegal clauses at Bank Austria
17 clauses at Bank Austria conflict with the new payment service law, according to the Vienna Commercial Court.
July 5, 2010
Lending decreased in April
More long-term loans to enterprises, decline in foreign currency loans in private sector.
July 5, 2010
MAN-Chief
The Austrian Georg Pachta-Reyhofen remains at the top of the German trucks and engineering group MAN.
July 2, 2010
Short-time work massively reduced
At the height of the crisis in April 2009, 57 000 employees were short-time workers , there were only 8313 at the beginning of July 2010.
July 2, 2010
Antitrust accusations against Polish subsidiary
The Polish Strabag subsidiary is under investigation for cartel collusion in public tenders.
July 2, 2010
Unemployment in euro countries unchanged
Lowest rate in Austria - Spain and Latvia, most affected Unemployment in the 16 euro countries will remain unchanged at high levels. In May the rate was ten percent, as the European statistics agency Eurostat announced on Friday in Luxembourg.
July 2, 2010
Vienna Stock Exchange - Weak week
With -6.2%, the ATX registers a weak week. The only positive factor is that recent annual lows were not crossed.
July 2, 2010
Intercell reports Phase II Study Results of its Vaccine Enhancement Patch for Pandemic Influenza
Intercell AG today announced the results of a Phase II clinical trial of its investigational Vaccine Enhancement Patch (VEP) system for avian H5N1 influenza.
July 2, 2010
Agrana Beteiligungs-AG - AGM approves unchanged dividend
The 23rd Annual General Meeting of AGRANA Beteiligungs-AG today voted to pay a dividend unchanged from the prior year - of EUR 1.95 per share for the completed 2009/10 financial year.
July 2, 2010
Eco with surcharge above Austrian average
"Since the Austrian real estate companies with an average of four to five percent return on equity do not currently earn their cost of equity, an evaluation of net asset value is not justified in not justified in our opinion."
July 1, 2010
New management duo for Erste Bank Austria
Following the retirement of Bleyleben-Koren, the Bank will be lead by the duo Uher and Bosek.
July 1, 2010
EU needs a budget minister
For Austrian National Bank President Raidl, the Euro is a success story, however "the monetary union only functions as a political union "I think the Euro is a success story," said the President of OeNB and the Chairman of Voestalpine Claus Raidl to t
July 1, 2010
Unemployment significantly declines
For the first time since the beginning of the crisis the number of unemployed and trainees decreases significantly.
July 1, 2010
Construction output declines by 14%
The massive railway expansion in the first quarter prevents an even greater decline.
July 1, 2010
Conwert Immobilien Invest SE - Voluntary public takeover offer for ECO Business-Immobilien AG
Voluntary public takeover offer for ECO Business-Immobilien AG: offer price is increased to €7.15.
July 1, 2010
Christ Water Technology AG - Invitation to the AGM
Pursuant to the Squeeze-out Act, CWT is obliged to make an announcement regarding any planned resolution to squeeze out minority shareholders at least one month before the day of the AGM.
July 1, 2010
Voestalpine AG - EU fines steel producers - voestalpine affected by €22m
Voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH.
June 30, 2010
Bwin Interactive Entertainment AG - Change of total voting rights
Bwin Interactive Entertainment AG hereby announces that at the end of the month June 2010 the number of voting rights amounts to a total of 35.956.688 voting rights.
June 30, 2010
Wienerberger with dampened expectations
Wienerberger AG expects a relatively good spring quarter, but is running after lost revenue of the first month.
June 30, 2010
Vienna Stock Exchange - The largest price gains and losers in the first Six months
Airport Vienna with largest share, Intercell leads losers list.
June 30, 2010
A-Tec wants private bonds.
Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-
June 30, 2010
Nowotny strongly criticizes the Hungarian bank tax
The Austrian central bank chief Ewald Nowotny has practiced unusually sharp criticism of the Hungarian government, more specifically at the proposed Hungarian bank tax.
June 30, 2010
Energy must not be at mercy of shareholders
The only treasure of Austria must remain in own sphere of influence.
June 30, 2010
S&T System Integration & Technology Distribution AG - Change to the Management Board
CEO Christian Rosner steps down, company founder Thomas Streimelweger takes over as Chairman of the Management.
June 29, 2010
Erste Bank recommends formation of small cash reserves
The investment experts of “Erste Bank” recommend, from the third quarter, formation of small cash reserves in the amount of 5% in the conservative portfolio and 7.5% in the dynamic portfolio.
June 29, 2010
Austrian federal government - Massive fall in revenue
The federal government is missing €4b ($4.9b) in revenue, in the first four months of this year. In total a decrease of €6.1b ($7.5b) was registered.
June 29, 2010
European companies - Discrimination in China
In a survey of 500 European companies, 40 percent did not feel welcome in China. Accordingly, laws and rules would be unfavourable to non-Chinese companies.
June 29, 2010
IMF - Austria to save on expenses
Raise taxes, use the potential in the labour market and build a more effective social services system.
June 29, 2010
Unternehmens Invest AG - Voting rights of Knünz GmbH
KP Invest Beteiligungs GmbH announces that Pierer GmbH and Knünz Gmbh each have transferred UIAG shares to KP Invest Beteiligungs GmbH through a transfer of assets and contribution, bringing the participation in voting rights and in share capital to 50.1%
June 29, 2010
Zumtobel AG - Financial results for 2009/10
The 2009/2010 Financial Year for the Zumtobel Group was shaped by the effects of the global economic crisis, but the development of revenues stabilised gradually during the course of the year. Revenues recorded by this Austrian lighting group, w
June 29, 2010
A-Tec Industries AG to float corporate bond
A-TEC Industries AG is currently in preparations to issue a corporate bond.
June 28, 2010
Intercell AG -Resolutions of the AGM
Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.
June 28, 2010
Pierer and Knünz to introduce shares in equity firm
KP Invest is majority shareholder in Cross Industries and UIAG
June 28, 2010
Stronach handing off control of Magna International
Shareholders decide on the planned restructuring of the international subcontractor- development of e-cars
June 28, 2010
Hirsch Servo shrinks Board
The listed Carinthian machine manufacturer and packaging supplier Hirsch Servo AG reduced its board. Chief Financial Officer Andrew Zois leaves the company, wanting to pursue new professional challenges.
June 28, 2010
Zielpunkt to be sold again
New Zielpunkt boss Satek wants reorganization of the chain rather than a split
June 28, 2010
Bank Austria sees euro zone as main risk for growth
Institute raises forecast for 2010 slightly to 3.1 percent
June 28, 2010
Strabag keeps Implenia in suspense
Implenia, the largest Swiss construction company, always on the seeker-list from Strabag boss Hans-Peter Haselsteiner, is suddenly announcing intentions to sell.
June 25, 2010
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
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