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Embassy of Austria in Islamabad, Islamic Republic of Pakistan

Updated embassy and consulate contact details of the Embassy of Austria in Islamabad, Islamic Republic of Pakistan. Aktualisierte Botschafts- und Konsulatskontaktdetails der Österreichischen Botschaft in Islamabad, Pakistan.

March 1, 2018

Austrian Airlines to Hire 600 New Employees, to Fly to Tokyo and Cape Town

Close to 12.9 million passengers flew with Austria’s national carrier last year, comprising a rise of 12.8 percent compared to the previous year. In 2018 the airline plans the integration of another long-haul aircraft, a Boeing 777-200 jet, in its fleet. It is planned to hire 150 employees just to operate this one new aircraft. In total about 200 pilots, 300 flight attendants and 100 employees in the fields of aircraft maintenance and ground handling will be hired. The additional capacity will enable Austrian Airlines to expand its intercontinental route network to Japan and South Africa.

March 1, 2018

Chancellor Kurz Visits President Putin: "The situation in Syria is dramatic"

Austrian Chancellor Sebastian Kurz traveled to Moscow to meet Vladimir Putin. The focus of the trip was a working meeting with the Russian President, with whom Kurz discussed, among other things, the bilateral relations of both countries, the relationship between Russia and the EU, the Ukraine conflict and the current situation in Syria.

February 28, 2018

The Western Balkans Remain a Priority of Austrian Foreign Policy

Because of a common history and the tradition of political, cultural and economic relations, Austrian foreign policy has always attached particular importance to the Western Balkans. The primary goal of Austrian foreign policy is to support the transformation of the Western Balkans area into a zone of stability. From the Austrian perspective there is only one option for the Western Balkans: a full European integration of the region. However, the political commitment from the regions' leaders is expected.

February 28, 2018

Austrian Government Presents Double Budget 2018/19: EU Requirements Are Met - 2019 Balanced Budget

The new Austrian government is planning a zero deficit for next year, Chancellor Sebastian Kurz (ÖVP) and Vice-Chancellor Heinz-Christian Strache (FPÖ) have announced. The planned reduction in corporation tax could be of interest to foreign investors and companies.

February 28, 2018

WU Vienna: Registration Deadline for Academic Year 2018/19 Starts Now

The online registration period for study programs at the Vienna University of Economics and Business (WU Vienna) for the winter and the summer term begins on March 1. Since admission tests take place only once a year, prospective students must register now for studies beginning in the winter semester of 2018/19 and in the summer semester of 2019.

February 28, 2018

Kapsch TrafficCom AG: Quarterly Report Presents Revenue Increase of 7.5% to €506.9M

Q1-Q3 2017/18 saw a revenue increase of 7.5% to EUR 506.9 million. It is the first time that Kapsch TrafficCom has passed the EUR 500 million mark after just three quarters. According to CEO Georg Kapsch, Kapsch TrafficCom's growth trajectory affirms that this value exceeds the revenue for the entire 2014/15 fiscal year. 76.3% of group revenues were acquired in the ETC segment (toll segment), and 23.7% in the IMS segment (Intelligent Mobility Solutions segment).

February 28, 2018

Uniqa Insurance Group AG: Preliminary Figures 2017

At EUR242.2 million, EBT in 2017 - according to preliminary figures - is up 7.4 per cent on last year's results of EUR225.5 million. Premiums written (including savings portion) increased by 4.9 per cent to EUR5,293.3 million. In addition, the Group cost ratio improved from 26.6 per cent to 25 per cent and the combined ratio from 120 per cent to 97.5 per cent - despite claims paid of approximately EUR120 million for weather damage.

February 28, 2018

Bawag Pays €110M for Separation from Austrian Post

Bawag presents its preliminary figures for 2017. The net profit will amount to 466.6 million euros (-1.4 percent). Due to profits, there will be dividend payments to shareholders. The long-term distribution partnership with Austrian Post is to be terminated.

February 28, 2018

Vienna University of Economics and Business to Offer an International Bachelor Program

The Vienna University of Economics and Business continues to push ahead with its internationalization and, as of the coming winter semester, is the first public university in Austria to offer the purely English-language bachelor program "Business and Economics".

February 27, 2018

Expansion of Airport City of Vienna International Airport Will Create More than 1,000 New Jobs

Vienna International Airport (Flughafen Wien AG) reports an improvement in the earnings outlook and projected traffic results for 2018. Net profit for the period before non-controlling interests is up to at least EUR 140 million, passenger growth of over 7% in the group and 5% at Vienna International Airport. The management board will propose to the Annual General Meeting that an increased dividend of EUR 0.68 per share should be distributed. Also, the expansion of the Airport City will create more than 1,000 new jobs. The Flughafen Wien Group, including its strategic foreign investments in Malta and Kosice Airports, anticipates passenger growth of more than 7% in 2018.

February 27, 2018

Austrian Post - Revenue Increase of 2.3% for 2017 Expected

Austrian Post will publish the final results for the 2017 financial year on March 15, 2018. According to preliminary figures Austrian Post will present a slight revenue increase of 2.3% to EUR 1,939m compared to EUR 1,896m in the previous year. The Parcel & Logistics Division of Austrian Post reflects the developments in e-commerce. According to a market report by Branchenradar, Austrian Post expanded in the competitive parcel market. Its overall market share rose from 45% to 47% based on handling 97 million parcels in 2017 compared to 81 million parcels in 2016. Revenue increased by a 17.7% to EUR 496m in 2017 after EUR 421m in 2016. However, the Mail & Branch Network Division reported a 2.1% decline in revenue in 2017 (EUR 1,448m in 2017 after EUR 1,479m in 2016). Also in the mail business revenue decreased. This was primarily caused by the ongoing electronic substitution of letters.

February 27, 2018

AMAG Exceeds EUR 1 Billion Revenue Level for First Time in Its History

AMAG Austria Metall AG continued on its growth track in the 2017 financial year, achieving its best operating result historically (Revenue: +14 % to EUR 1,036.2 million; EBITDA: +15 % to EUR 164.5 million) and reaching a milestone for further organic growth with the commissioning of its new cold rolling mill and further finishing plants. Net income after taxes amounted to EUR 63.2 million (+36 %).

February 27, 2018

ams Launches EUR 600 Million Convertible Bond Placement

With the consent of the supervisory board, the management board of AMS has resolved to launch a private placement of senior unsecured zero-coupon convertible bonds due in 2025, in an aggregate nominal amount of EUR 600 million and a denomination of EUR 200,000 each. The Bonds are initially convertible into 4.41 million new ordinary no par value bearer shares from the Company's conditional capital, representing approximately 5.2% of the current outstanding share capital of ams. Subscription rights of existing shareholders of ams to subscribe to the Bonds have been excluded. The Bonds will not bear interest.

February 26, 2018

Egger Holzwerkstoffe to Issue Subordinated Bond

Egger Holzwerkstoffe intends to issue a deeply subordinated bond with perpetual maturity and an early redemption option for the issuer after five years (hybrid bond). UniCredit Bank AG has been mandated as Sole Structuring Advisor and Sole Bookrunner. Raiffeisen Bank International AG acts as co-lead manager.

February 26, 2018

Lenzing AG - Dividend Remains Constant, Special Dividend Higher

The Management Board of Lenzing AG has resolved to propose distribution of an unchanged basic and higher special dividend for 2017 financial year on the basis of its preliminary business results which have not yet been subject to a final audit. The dividend of EUR 3.00 per share is planned to remain constant, whereas the special dividend should be increased from EUR 1.20 to EUR 2.00 per share due to Lenzing's performance in the 2017 financial year.

February 26, 2018

Meet the New Ambassador of the Kingdom of Spain in Austria: Juan Bautista Sunye Mendia

Updated background details of Mr. Juan Bautista Sunye Mendia, the current Ambassador of the Kingdom of Spain in Austria.

February 23, 2018

Federal President Widow Margot Klestil-Löffler Designated to Become Special Envoy to Russia and China

Due to tensions in the CEI Central European Initiative in Trieste between the Italian diplomat Giovanni Caracciolo di Vietri as CEI Secretary General and his deputy Margot Klestil-Löffler, it is rumored that the Foreign Office must find a new job for Klestil-Löffler. This is what the daily "Der Standard" writes in its Thursday issue.

February 23, 2018

KTM to Manufacture Motorcycles in China

The Upper Austrian motorcycle manufacturer KTM plans to produce motorcycles in China from 2020/21 as well. Currently KTM manufactures at the company headquarters in Upper Austria (Mattighofen), as well as together with the partner Bajaj in India (Pune).

February 23, 2018

How do Russian Politicians and Oligarchs Withdraw their Money from Austria?

The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.

February 22, 2018

Austria's Economic Upturn will Continue in the First Half of 2018

The Austrian National Bank expects GDP growth of 0.8 percent for the first two quarters compared to the previous quarter. The economic momentum is unbroken.

February 22, 2018

The Collection of a Billionaire - Heidi Horten Impresses with her Art Collection - WOW!

Heidi Goëss-Horten, a billionaire and with an estimated total net wealth of more than € 3.0 billion the fourth-richest person in Austria, presents a selection of her private art collection. With the exhibition "WOW! The Heidi Horten Collection" one of the most worthwhile art collections in Europe will be presented to the public for the first time. Curated by Agnes Husslein-Arco, the exhibition features 170 exhibits by 75 artists. To get a taste, take a look at our picture gallery!

February 21, 2018

Atrium European Real Estate Limited / Notice of Full Year 2017 Results

Atrium European Real Estate Limited, owner, manager and redeveloper of shopping centres and retail real estate in Central and Eastern Europe, will be announcing its results for the year ended 31 December 2017, on Wednesday 21 March 2018.

February 21, 2018

OMV Group Reports Operating Result of EUR 688 Mln in 2017

OMV AG is reporting group results for 2017. The operating result increased by 67% to EUR 688 mn. Net income attributable to stockholders amounted to EUR 367 mn. Data includes latest two acquisitions of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia (see picture) and the purchase of 40% in SMATRICS, Austria’s complete provider for all services related to electro - mobility. See OMV Group Report January – December and Q4 2017 including condensed consolidated financial statements as of December 31, 2017 and Investor Relations Video below.

February 21, 2018

Meet Her Excellency Austria's New Foreign Minister Karin Kneissl

Karin Kneissl (53) was recently appointed Austrian Federal Minister for Europe, Integration and Foreign Affairs. At present, she is busy touring Europe and introducing herself to her counterparts, or inviting them to the Federal Ministry for Europe, Integration and Foreign Affairs in Vienna.

February 20, 2018

ams proposes revised shares-only earn-outstructure to former Heptagon shareholders to reflect higher-than-expected capital expenditure requirements

ams has proposed a revised earn-out structure to the former shareholders of Heptagon reflecting higher-than-expected capital expenditures and other costs which were required for Heptagon's business to realize its 2017 revenue pipeline.

February 20, 2018

IIASA Builds Bridge through Science with Israel

The Laxenburg based international research organization IIASA (International Institute for Applied Systems Analysis) has recently announced that Israel has become its newest member country. Israel joins 24 other countries whose National Member Organization’s representatives constitute the IIASA Governing Council. Israel has established the Israel Committee for IIASA - made up of representatives from Israeli universities, government ministries, and the public - to represent the Israeli membership of IIASA.

February 19, 2018

Strabag counting on continued positive development in 2018 thanks to record order backlog

Strabag today announced its first figures for the 2017 financial year and issued an outlook for 2018. "We closed the year with a record output volume and are going into the new one with a record order backlog. The signs are pointing to unchanged strong demand in nearly all of our core markets," says CEO Thomas Birtel.

February 15, 2018

Embassy of the Kingdom of Spain in Vienna, Austria

Updated address and contact details of the Embassy of the Kingdom of Spain in Vienna, Austria

February 14, 2018

Telekom Austria AG / Results for the Full Year 2017

Telekom Austria Group announces its results for fourth quarter and full year 2017, ending 31 December 2017. Group total revenues rose by 3.0% on a proforma basis (reported: +4.1%), EBITDA increased by 2.0% (rep.: +3.2%). Revenue increase driven by growth in fixed-line service revenues and equipment revenues, while mobile service revenues were lower due to roaming; the revenue increase was driven by all markets except for the Republic of Macedonia.

February 13, 2018

Rosenbauer: Preliminary Figures 2017

Rosenbauer is reporting EBIT of EUR 25.6 million for the 2017 financial year (2016: EUR 47.0 million). In particular, the decline in the Group's earnings is due to the decreased delivery volume in 2017 as a result of the low price of oil and ongoing political conflicts. This led to weak capacity utilization in some production areas.

February 13, 2018

Atrium sells Assets in Hungary and Czech Republic for EUR 70 million

Atrium, owner, operator and redeveloper of shopping centres and retail real estates announces the sale of 18 assets in Hungary and one in the Czech Republic for a combined price of EUR70 million, representing an 8% premium to the book value as at 30 September 2017. The disposals form part of the Company's ongoing strategy to improve its portfolio through the selective rotation of capital towards high quality, well-established shopping centres which dominate their catchment areas.

February 9, 2018

Voestalpine AG / Quarterly report accordingto art. 126 Stock Exchange Act

Voestalpine AG is declaring the following financial reports below.

February 8, 2018

Voestalpine with significant increase in earnings in the 3rd quarter 2017/18

The positive economic trend visible already end of 2016 was confirmed in the course of calendar year 2017. Above all the upswing of the economy in Europe was on a broad scale, whereas in the US the upward trend was fuelled by private consumption rather than by increasing investment activities. In particular foreign direct investments were at a low level there. China's economy continued to grow at a robust stable pace. The economy in Brazil has bottomed out in the 2nd half of 2017.

February 8, 2018

Strabag building Mercedes-Benz’s first Polish engine plant

Strabag builds a new engine plant for Mercedes-Benz in Poland. The order for the construction of the largest production and assembly hall, which has a total value of approximately EUR 61 million, will be carried out in a consortium with the Polish companies TKT Engineering and Elektromontaz-Poznan. Strabag holds 70.1 %.

February 7, 2018

Palfinger AG / Invitation to the General Meeting 2018

Palfinger invites its shareholders to the Annual General Meeting of PALFINGER AG to be held on Wednesday, 7 March 2018, at 11.00 a.m., at PALFINGER's Brand World in 5211 Lengau, Kapellenstrasse 18, a production site of an Austrian group company.

February 6, 2018

ams Announces Exclusion of Subscription Rights in Relation to Potential Convertible Bond Placement

ams announces that its Management Board has resolved today, subject to the consent of the Supervisory Board, to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds (the "Bonds").

February 6, 2018

ams Reports Record Full Year 2017 Results with Fourth Quarter Revenues Up 252%

ams also reports that the operating result is up 683%year-on-year for in-line profitability; large 3D sensing design-win at Asian smartphone OEM, high value automotive 3D LIDAR design-win, power component design-win at consumer OEM; acquisition of face recognition software firm KeyLemon for 3D sensing; expected revenue growth 2016-2019 at 60% CAGR, 2019 expected revenues above USD 2.7 billion; expected first quarter revenues of USD 440-490 million, up over 150% year-on-year; revenue growth expected in second half 2018; evaluating secondary listing in Hong Kong.

February 6, 2018

Semperit introduces sustainable restructuring and transformation, expected pass of dividend

Semperit AG Holding introduces a phase of sustainable restructuring. The necessity of this decision is underlined by the fact that from the current point of view a single-digit negative EBIT will be reported for the last quarter of 2017.

January 25, 2018

Kapsch TrafficCom Not Affected by Polish Government's Cancellation of Tender for Nation-Wide Tolling System

Poland's government has cancelled the tender for a nation-wide tolling system, because the government intends to have the tolling system operated by its own government agencies. Kapsch TrafficCom confirms that its contract regarding the operation of the existing nation-wide tolling system is not affected by this.

January 22, 2018

FACC AG / Quarterly Report According to Art.126 Stock Exchange Act

FACC AG is declaring the following financial reports below.

January 19, 2018

Brau Union AG Acquires Interest in Traditional Company Ammersin

Rudolf Ammersin GesmbH will continue to operate separately from Brau Union Österreich as an independent drinks wholesaler on the Austrian market, and will continue to be managed by the existing Ammersin leadership team. One extra member will be appointed to the board alongside existing members.

January 17, 2018

Strabag to Build Rail Tunnel in Toronto

Strabag has had an infrastructure contract in Toronto awarded to its Canadian subsidiary. The scope of the work includes the construction of a 180 m long tunnel under Highway 401 to accommodate two tracks operated by Ontario's public transport agency Metrolinx. The full investment volume amounts to about EUR 77 million.

January 17, 2018

Record Year 2017: Flughafen Wien Group Handles 30.9 Million Passengers (+6.9%), Surpassing Threshold of 30 Million for the First Time

In spite of developments at Air Berlin and NIKI, 2017 will go down in airport history as a record year. The Flughafen Wien Group reported a passenger volume of over 30 million for the very first time in its history, and Vienna Airport site also exceeded the threshold of 24 million passengers for the first time.

January 16, 2018

Schoeller Bleckmann Oilfield Preliminary Result for 2017

The 2017 financial year of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, was characterised by the upswing seen in North America. The strategic expansion of the Well Completion business the year before therefore turned out to be the perfect choice to make. Against the continued weak market environment internationally, SBO closed financial year 2017 on a clearly positive operating result.

January 16, 2018

FACC Continues to Climb in the Third Quarter 2017/18

Revenues for the first nine months of 2017/18 amount to EUR 564.0 million (comparative period 2016/17: EUR 518.6 million). The increase of 8.8% is attributable to a further significant increase in product sales of 11.4% to EUR 527.8 million.

January 16, 2018

Strabag building two more sections of S7 in Poland for around € 200 million

Two subsidiaries of publicly listed construction group Strabag SE have been awarded the contract in Poland to design and build two sections of the S7 expressway north of Warsaw. The two orders have a total value of PLN 828 million, which is equivalent to approx. EUR 198 million.

January 12, 2018

Agrana’s first three quarters significantly ahead of one year earlier

In the first three quarters of the 2017|18 financial year, Agrana Beteiligungs-AG achieved slight year-on-year growth of 2.2% in Group revenue to EUR 2,010.6 million (Q1-Q3 prior year: EUR 1,967.5 million).

January 11, 2018

Agrana Beteiligungs-AG / Quarterly report according to art. 126 Stock Exchange Act

Agrana Beteiligungs-AG is declaring the following financial reports below.

January 11, 2018

Meet the New Ambassador of the Republic of Benin to Austria: H.E. Mr. Eloi Laourou

The new Ambassador of the Republic of Benin to Austria Eloi Laourou presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

January 9, 2018