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Green power - competition for new wind turbines
The increase in wind power subsidies triggers a construction boom. The subsidy pots for three and a half years are already allocated.
June 17, 2010
Inflation or deflation?
According to Wolfgang Braun at BörseExpress, there is fear among the citizens: the fear that they might lose their savings through inflation.
June 17, 2010
Textile Industry remains attractive
The industry managed to register sales increase for the sixth consecutive year, the trend is upwards.
June 17, 2010
Christoph Hinteregger new chief negotiator of metalworkers
Deputy chief negotiator is Alfred Hintringer - former chief negotiator Hermann Haslauer available as consultant.
June 17, 2010
Internet services industry produces about €6b
The Internet industry employs 33,000 people in Austria. Value creation is estimated at €2.8b.
June 17, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Tumpel - No mass taxes!
Higher taxes would further boost inflation - rising prices mean less purchasing power and ultimately less growth.
June 16, 2010
Finance Minister Pröll against publication of stress tests
Finance Minister Josef Pröll has expressed his discontent at a press briefing this afternoon about the current European debate on the publication of stress tests of individual banks based on the U.S. model.
June 16, 2010
Austrian Chamber of Commerce - Fritz Aichinger is the new chairman of trade
Aichinger succeeds Erich Lemler – Deputy: Jutta Pemsel and Wolfgang Sauer
June 16, 2010
Gazprom plans to enter Slovakian market
The gas company will take over the subsidiary Energo Vemex in Slovakia.
June 16, 2010
Slight fall in inflation in May 2010 to 1.9%
According to calculations by Statistics Austria, the inflation rate for May 2010 was 1.9%, slightly lower than in previous months (both 2.0% in April and March).
June 16, 2010
Hungary - Orbán's crusade has what it takes for an export success
Viktor Orbán could have used his appearance at the IIF conference in Vienna to refurbish the image of his bankrupt government.
June 15, 2010
Wolfgang Hesoun is new head of Siemens - Porr boss succeeds Brigitte Ederer
On Wednesday the Supervisory Board of Siemens Austria will decide on the new head of the company.
June 15, 2010
Lyoness Austria received a certificate of Leading Companies of Austria by the WKO Vienna
Leading Austria is a nationally operating platform, evaluating companies in Austria by their own management quality system.
June 15, 2010
Austrian Post - Customers are leaving
Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.
June 15, 2010
Konrad confirmed as advocate-general for Raiffeisen
Christian Konrad is elected for another four years.
June 15, 2010
Conwert Immobilien Invest SE - voluntary public takeover offer for ECO Business-Immobilien AG
Conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, announces that it will submit a voluntary public takeover bid to all the other shareholders of ECO Business-Immobilien AG.
June 15, 2010
Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey
International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.
June 15, 2010
Dairy firms Tirol Milch and Berglandmilch to merge
Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.
June 14, 2010
Kogler accuses Leitl of fiscal incompetence
WKÖ chief to submit reorganization plan or to remain silent.
June 14, 2010
OMV could be an accomplice in war crimes and crimes against humanity
OMV produced oil from 1997 to 2003 in sector 5A in Sudan. The current report of the European Coalition on Oil in Sudan (ECOS) provides new evidence that there is a direct link between oil production and the intensification of the conflict.
June 14, 2010
Survey - Restrictive lending in Austria
In a survey of the Credit Protection Association (KSV 1870) entrepreneurs declared, that borrowing is currently slow, and the allocation restrictive.
June 14, 2010
Vienna Stock Exchange - Wienerberger and Voestalpine very robust
The Vienna Stock Exchange ended Monday’s trading day with weak volume and higher prices. The ATX rose 42.66 points, or 1.81 percent, to 2405.77 units.
June 14, 2010
OeNB revises growth forecast for 2011 and 2012
Austria's economy will grow 1.6 to 2.1 percent from this year to 2012 to 2.1 percent, as estimated by the Austrian National Bank.
June 14, 2010
OMV remains Austria's largest company
OMV leads the current list of the 500 most profitable companies, despite registering a loss of revenue.
June 14, 2010
ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m
ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.
June 14, 2010
Austria has 39,077 dollar-millionaires
The number of dollar millionaires did not only rise in Austria but also increased substantially worldwide.
June 11, 2010
Pröll - Austria will introduce a bank tax in a solo attempt.
"The bank tax will be discussed together with the banks and it will be implemented, I stand for that," announced Finance Minister Pröll.
June 11, 2010
Hochhauser - Austria's business landscape is becoming more and more an female entrepreneur landscape
Special Prize of the Economic Chamber of Austria "women in leading positions" goes to Margaret Fürtbauer.
June 11, 2010
Miba AG makes a strong start to the new business year
Miba, strategic partner to the international engine and automotive industry, had a strong start to the new business year.
June 11, 2010
Green Party Vienna sharply criticises the Summit Bank
"Scandalous interplay of politics and banks'
June 11, 2010
AE&E scores a contract over EUR 20 million
The AE&E Group will supply three heat recovery steam generators for a new industrial combined cycle power plant in Stade a North German town, Lower Saxony.
June 11, 2010
Fresh money for upcoming infrastructure projects
If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.
June 10, 2010
Austria's economy further weakens
The gross domestic product of Austria fell in the first three months of this year by 0.1 percent.
June 10, 2010
Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis
Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".
June 10, 2010
IIF Meeting - Viennese outcry against Basel
At its meeting in Vienna on Thursday, the World Bank Association IIF (Institute of International Finance) presented a study on the impact of stricter banking regulations.
June 10, 2010
Skylink-time and on budget-holding
Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.
June 10, 2010
Securing the future of the GM plant in Vienna-Aspern
Economy points to larger role of GM Powertrain in the restructuring plan.
June 10, 2010
Andritz to upgrade CMPC Celulosa´s Santa Fe mill, line 2, Chile
International technology Group Andritz will deliver the equipment for a capacity increase of line 2 at CMPC Celulosa´s Santa Fe mill, Chile.
June 10, 2010
SW Umwelttechnik - Order intake - First Bulgarian and Moldovan projects
A new canalisation system consisting of a sewer drain and a wastewater treatment plant is being constructed in Rousse with the help of EU aid programmes.
June 10, 2010
Service sector achieved increase of turnover by 1.2% in the first quarter of 2010
According to Statistics Austria, based on results for the first quarter of 2010, turnover of Austrian services enterprises at nominal values rose by 1.2% compared to the first quarter of the year 2009.
June 9, 2010
Slight increase in trade deficit
In the first quarter of 2010, according to “Statistik Austria”, goods worth of €24.89b, were imported which is 3.8 percent more than last year.
June 8, 2010
ÖBFA wants to sell more government bonds to the public
The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.
June 8, 2010
Manpower - Employment Outlook for third quarter in 2010
As reported 13% of domestic recruiters intend to higher workers. Only 5% have to reduce staff. 88% can cope with current employee numbers while 2% still fluctuate.
June 8, 2010
Raiffeisen launching Zuno
Raiffeisen International is starting a direct bank with the pretty name Zuno, which will start this year in Slovakia.
June 8, 2010
Rosenbauer International AG - major order from Saudi Arabia
Rosenbauer, a leading manufacturer of fire fighting vehicles, has once again received a major order from the Saudi Arabian Ministry of the Interior.
June 8, 2010
Raiffeisen banks are approaching reunification
Raiffeisen International, performed better than expected in the first quarter of 2010.
June 8, 2010
123people wins Venture Capital & Private Equity Award 2010
Jury commends startup success story, "Made in Austria"
June 8, 2010
Change at the ÖBB top - Kern replaces Klugar
The current Verbund manager Christian Kern takes over the top job of Peter Klugar at Österreichische Bundesbahnen (ÖBB).
June 7, 2010
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