Latest News
DO & CO Completed Capital Increase
The Capital Increase of Do & Co Restaurants & Catering AG has taken place successfully. The subscription and offer price was set at € 21.90
November 29, 2010
Renewable Energy: Great Potential, but Halted by Politicians
The Umweltdachverband (UWD, Environmental Federation) criticizes sharply the energy policy of the Austrian Government. Investments are made mainly in obsolete technologies
November 29, 2010
A-Tec: Kovats’s Prestige Projects on the Brink
Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.
November 29, 2010
WIFO: Budget Consolidation in the EU is Not Sustainable
WIFO criticizes the consolidation programs of the individual EU countries for being easily enforceable, but containing hardly any sustainable measures.
November 29, 2010
Government Adapts Capital Gains Tax on Securities
Taxation will be implemented from October 1; loss compensation is allowed. There are no essential changes however.
November 29, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-26)
Daily News Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 26, 2010
Verbund Completes its € 1bn Capital Increase
Vienna Stock Exchange listed Verbund AG successfully completed its capital increase and placed 39,215,686 new shares.
November 26, 2010
Vienna Insurance Group Takes a 100% Stake in TBIH
VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.
November 26, 2010
Kapsch TrafficCom Increases Revenues by 85%
In contrast to negative earnings in FY10-H1, Kapsch TrafficCom Group, listed on the Vienna Stock Exchange, recorded clearly positive earnings in FY11-H1.
November 26, 2010
Uniqa Records Sharp Rise in Premiums and Profit
Premiums went up by 10.2% to €4,655 m. Life insurance drives growth, with premiums up by 18.7% Profit increases by 142.7% to €103 m.
November 26, 2010
ÖBB-CEO Kern Reconstructs Freight Division
After the decisions made about personnel, Kern wants to make the freight division profitable again. The group’s CEO has accorded himself three years for the process.
November 26, 2010
Is the Austrian Industry still competitive?
The chief economist of the Industriellenvereinigung (IV), Christian Helmenstein, draws a sobering picture on the future of the domestic industry.
November 26, 2010
Insolvency of AE&E
No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.
November 26, 2010
Vienna International Airport: Decisions on Personnel are Postponed
The previously rumored change of leadership at Vienna International Airport is not taking place yet. There is time until mid-December for the board, highly criticized because of Skylink.
November 26, 2010
WKÖ’s Secretary General Advocates for Educational and Administrative Reform
Young people have to be trained practically to meet the challenges of the future. An administrative reform should not be foregone, said Hochhauser.
November 25, 2010
Polbank: Intesa Bids, Raiffeisen Still in the Race
In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.
November 25, 2010
Risk Exposure of Austrian Banks: € 32 billion
The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.
November 25, 2010
aws Has Expansion Plans
The state-owned SME financing agency aws will double its fund volume to € 160 million, and extend its investments.
November 25, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-25)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 25, 2010
AE&E: Next Insolvency is Coming Up
A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.
November 25, 2010
Discounts for Austrian Airlines and Lauda at Vienna International Airport
Vienna International Airport grants Austrian Airlines and Flyniki discounts. Flyniki rises to the second most important partner.
November 25, 2010
Financial Market Authority Strengthens Fight Against Money Laundering
The Austrian Financial Market Authority (FMA) wishes more on-site inspections and targeted action against international money laundering
November 25, 2010
Leitl Vehemently Asks the Government for Structural Reforms
The President of the Austrian Economic Chamber (WK), Christoph Leitl, call on the government for location and future investments.
November 25, 2010
Siemens Opens Multimedia Center in Vienna
Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.
November 25, 2010
Kneissl: Bankruptcy Application Possible Despite Capital Increase
The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.
November 25, 2010
ÖBB: Changes in Freight Traffic Leadership
Because of poor results, the ÖBB CEO has to act on facts: The managers of the freight division are being replaced.
November 25, 2010
Europe's Public Debt and Unemployment Remain High
Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.
November 25, 2010
Vienna International Airport: Strong Growth in Profits and Passengers
The Vienna International Airport (Flughafen Wien) could increase its EBIT by 15%, passengers have risen by 8.3% to 14.87m.
November 25, 2010
OMV Supervisory Board: Confirmation of Ruttenstorfer as CEO
Being accused to insider trading, the other members of the board as well as the supervisory board demonstrated to have confidence in CEO Dr. Wolfgang Ruttenstorfer.
November 25, 2010
Hirsch Servo Still Records Losses
Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.
November 25, 2010
S Immo Records Profits Again
Vienna-based Sparkassen Immobilien AG records a successful operating performance in the first three quarters of 2010 after the weak year 2009.
November 25, 2010
CA Immo Returns Back to Black
CA Immo presents its Q3 Results: strong increase in EBIT to € 134.6m (2009: € -6.1m), net income grew to € 13.5m (2009: € -78.3m).
November 25, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-24)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 24, 2010
Walter Grahammer Becomes the New Austrian Ambassador in Brussels
Previously, Grahammer acted as Head in the Ministry of Foreign Affairs.
November 24, 2010
Food Industry Under Pressure
Above all, lack of capital and high labor costs are plaguing Austrian food producers.
November 24, 2010
Audit Court: Capital Increase for Vienna Airport
The Audit Court criticizes the Board again and advises a capital increase. The personal consequences may be tougher than expected yet.
November 24, 2010
AMS: Temporary Employment Will Continue to Rise
The Chairman of the Board of the AMS (Public Employment Service), Johannes Kopf, believes that the international trend of increasing temporary employment will also take root in Austria.
November 24, 2010
Wiener Privatbank SE Announces Q1-Q3 2010 Results
Wiener Privatbank records slightly decreasing results
November 24, 2010
Conwert Announces Q1-Q3 2010 Results
The Vienna-based real estate company records a good business development and a significant increase in earnings.
November 24, 2010
AE&E Files Insolvency Application
After weeks of negotiations between AE&E's creditor and the banks, no continuation is possible. Talks ended without reaching an agreement.
November 24, 2010
Wiener Stadtwerke Inaugurates New Headquarters
The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010
SW Umwelttechnik Announces Q1-Q3 2010 Results
The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.
November 24, 2010
Encouraging Development of Austrian Tourism
The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.
November 24, 2010
Industrial Production: Increase Over Last Year, but Trend is Declining
The September 2010 production index shows a significant increase of 3.6% in Austrian industrial production over the previous year.
November 24, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-23)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 23, 2010
Tann Paper Opens Factory in Russia
The Upper-Austrian company makes its initial step in Russia. Further investments are possible.
November 23, 2010
Management Board of UNIQA Versicherungen AG as of 1 July 2011
The Supervisory Board of UNIQA AG decided to expand the Management Board to include Hartwig Löger, Wolfgang Kindl and Kurt Svoboda as of 1 July 2011.
November 23, 2010
ECO Business-Immobilien AG Announces Q1-Q3 2010 Results
Vienna-based ECO Business-Immobilien AG records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
November 23, 2010
CEO Streimelweger leaves S&T
After the difficulties of recent months CEO Thomas Streimelweger is leaving the Vienna Stock Exchange listed company.
November 23, 2010
Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area
The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.
November 23, 2010
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