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OMV to retreat from Russia
Austrian mineral oil company OMV wants to focus on Asia and therefore completely retreats its activity from Russia.
May 20, 2010
Stock Exchange opposes government’s attempt policy regarding introduction of transaction tax
Austria Stock Exchange expresses vehement discontent with the Austrian government’s intention to introduce the transaction costs in a solo attempt.
May 20, 2010
Austrian Post with a 33.4 million profit in first quarter
The total revenue decreased by 1.6 per cent to €585.6m. Compared to last year 912 workers were fired. Future developments are hindered by difficult market situations.
May 20, 2010
Solo attempt as an infringement of regulation
It sounds uneventful, also hardly known by relevant experts however contains explosive substance in the context of the debated transaction tax.
May 20, 2010
Welcome Air to expand its flight network
According to the Austrian Times, Tyrolean airline Welcome Air announced today that it would expand its flight network by autumn this year.
May 19, 2010
Vienna fuel-price summit on 27 May
According to the Austrian Times, there will be a fuel-price summit at the economy ministry on 27 May, it was announced today .
May 19, 2010
Tiger Lacke to enlarge production capacity in China
According to the Austrian Times, upper Austrian firm Tiger Lacke has announced it will increase its production capacity from 10,000 to 15,000 tonnes of powder lacquer annually near Shanghai.
May 19, 2010
Atrium European Real Estate Limited - First Quarter Results
Atrium European Real Estate Limited - First quarter results deliver profit and show continued improvements in efficiency.
May 19, 2010
CEESEG - Institutional Investors’ Demand Increasing Again
The institutional investors’ demand for the companies listed on the member exchanges of CEESEG is growing again after the difficult market situation following the financial crisis.
May 19, 2010
Bene AG - Sales decline for Bene in the financial year 2009/10
In a very challenging economic environment and after an impressive development in prior years, the Bene Group had to record significant declines in sales and earnings figures in the financial year 2009/10.
May 19, 2010
ÖAMTC - oil price are at September 2009 rates but fuel prices are 17 cents higher
Oil prices are decreasing in price however fuel prices are rapidly increasing. Crude oil prices are at levels of September 2009. At the time average prices for diesel were at €0.953 while “Super” was sold at €1.051.
May 19, 2010
Telekom and Mobilkom’s staff representatives prefer a fusion - „Together we’re strong”
To allow for a better representation of employees staff representatives of Mobilkom and Telekom agreed to form a demonstrative collusion.
May 19, 2010
Three Austrian firms amongst the top hundred Red Herring finalists
Three Austrian firms are amongst the top finalists fort his year’s „Red Herring Europe award“: Flimmit, Mobilizy and Nabriva Therapeutics Inc.
May 19, 2010
Mitterlehner relaxed about Euro crisis
People’s Party (ÖVP) Minister Reinhold Mitterlehner has said he will "observe the Euro crisis in a relaxed manner for the next few weeks."
May 19, 2010
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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