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Business Indicator: First Small Signs of Improvement in Austrian Economic Activity

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Indicator exits negative territory due to modest rise in January. Decline in oil price pushes average annual inflation down below 1 percent for 2015, injecting more momentum into private consumption. Growth forecast for 2015 raised to 0.9 percent.
Relevance: 1.00 · February 20, 2015


Austrian Population Rises Above 8.5 Million

Austria's population increases to 8.58 million at the beginning of 2015, according to preliminary results of Statistics Austria. In absolute terms, the population grew by almost 72 000 last year. Hence, population growth was significantly higher than in the previous year (2013: +56 000). More than half of the population growth was concentrated in the Eastern part of Austria (55.9%), where Vienna accounted for a large share of the total increase (38.9%).
Relevance: 1.00 · February 20, 2015


Austrian Production Index Shrinks 0.6 Pct Y/Y in 2014

Austria's working day adjusted production index decreased by 2.6% in December, y/y it shrank by 0.6 percent.
Relevance: 1.00 · February 25, 2015


Austrian Economic Activity Remains Sluggish - Revival Only in Course of Year

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Austrian economy is making no headway at present after the mild improvement in the economic climate at the start of the year.
Relevance: 1.00 · March 19, 2015


voestalpine AG / Report of the Management Board of voestalpine AG in accordance with § 171 (1) in conjunction with § 153 (4) Austrian Joint StockCorporation Act [AktG]

In accordance with § 169 Austrian Joint Stock Corporation Act [AktG] the general meeting of shareholders of voestalpine AG held on July 2, 2014 authorized the Management Board to increase the company's capital up to EUR 31,330,923.02 on or before June 30, 2019, if necessary in several tranches, by issuing up to 17,244,916 bearer shares, in exchange for contributions in kind and/or cash contributions under exclusion of the subscription rights of shareholders to be made available to employees, executives and members of the Management Board of the company or a company affiliated with the company, under an employee shareholding scheme.
Relevance: 1.00 · March 9, 2015


Österreichische Post AG / AUSTRIAN POST 2014: SLIGHT REVENUE INCREASE; EARNINGS DEVELOPMENT IMPACTED BY SPECIAL EFFECTS

In the 2014 financial year, Group revenue of Austrian Post amounted to EUR 2,370.5m, comprising an increase of 0.2% from the previous year. The strong growth in the parcel business of 3.1% more than compensated for the 1.5% revenue drop in the mail business.
Relevance: 1.00 · March 12, 2015


OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act

OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2012 and the (ii) Matching Share Plan (MSP) 2014, based on the resolution of OMV's Supervisory Board of March 18, 2015 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on February 26, 2015.
Relevance: 1.00 · March 18, 2015


Austrian Real Estate Market Shrinks

In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.
Relevance: 1.00 · March 6, 2014


Austrian Export Day 2015 - Tomorrow is Today: Meet Trade Delegates at the Exporttag

On June 30, 2015, from 10am to 5pm the Export Day (Exporttag 2015) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
Relevance: 1.00 · March 27, 2015


ANDRITZ AG / Decision regarding the review procedure pursuant to
Section 33 of the Austrian Takeover Act

ANDRITZ AG / Decision regarding the review procedure pursuant to Section 33 of the Austrian Takeover Act
Relevance: 1.00 · March 25, 2015


Rosenbauer International AG / A family-owned, Austrian company looks

In 1866, the primary aim of the decorative metal former, Johann Rosenbauer, was already to provide the Linz fire service with the best possible equipment and to revolutionize firefighting. And 150 years later, this remains the objective of the leading international fire industry group, Rosenbauer.
Relevance: 1.00 · September 15, 2016


Culture Tech at SXSW in Austin, Texas: The Austrian Version of Cultural Diplomacy

Austria was present at the 2018 music festival South-by-Southwest-Festival (SXSW) in Austin with a selection of its most innovative entrepreneurs and artists from culture, music and the start-up industry. The heart of the domestic performance was the Austrian Day at the German House in the legendary Barracuda Club. In the setting of a traditional Viennese coffee house inspired by Café Landtmann, the menu included inspiring discussions, technical innovations and entertaining performances in addition to Viennese sausages and Sacher cake.
Relevance: 1.00 · March 16, 2018


Austrian Post: Increase in Revenue and Earnings in 2017

Austrian Post showed a satisfactory business development in the 2017 financial year. Group revenue increased by 2.3% to EUR 1,938.9m compared to EUR 1,895.6m in the previous year (excl. trans-o-flex). The Mail & Branch Network Division reported a revenue decline of 2.1% to EUR 1,447.8m due to the ongoing trend of e-substitution, which was more than offset by the 17.7% increase in Parcel & Logistics divisional revenue up to EUR 495.6m.
Relevance: 1.00 · March 15, 2018


Analysis: Austrian Economy Falls Behind Eurozone Average

The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.
Relevance: 1.00 · June 1, 2015


Faymann: Austrian State Finances are Stable

Chancellor Werner Faymann rejects the opposition’s claim that Austria is on its path to national bankruptcy.
Relevance: 1.00 · December 3, 2013


Austrian Culture - Vienna’s Easter Markets

Traditional Easter decorations and artfully decorated eggs, culinary treats and a program of music await you at Vienna’s Easter markets in March. There’s all sorts of entertainment for young visitors to the markets.
Relevance: 1.00 · February 26, 2016


CESEE: Austrian Banks Face New Challenges

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.
Relevance: 1.00 · November 26, 2013


ANDRITZ AG / Publication of the buyback program by ANDRITZ AGpursuant to § 65 (1a) of the Austrian Stock Corporation Act (AktG) and to § 82(8 and 9) of the Austrian Stock Exchange Act (BörseG) in conjunction with §§ 2,4, and 5 of the Austrian Publicati

The Executive and Supervisory Boards of ANDRITZ AG resolved on April 13, 2016 to make use of the authorization pursuant to the resolution by the 109th Annual General Meeting of the company on March 30, 2016, to buy back shares pursuant to § 65(1), line 8 AktG. This resolution authorizes the Executive Board to purchase a maximum of 10 percent of the share capital of ANDRITZ AG including the shares the company has already acquired by purchase.
Relevance: 1.00 · April 13, 2016


Final Time-Out for Austrian Bank Secret

During the EU Summit the final time-out for the Austrian bank secret for foreigners was decided. Both Austria and Luxembourg agreed to give up their banking secrets.
Relevance: 1.00 · March 21, 2014


Austrian Economy is Underperforming the Eurozone Average

Ernst & Young's latest analysis on the Eurozone forecasts that the Austrian economy is to grow 0.7% in 2015, underperforming the Eurozone as a whole for the second consecutive year. Investment is expected to remain subdued, while the contribution of exports will be only marginal as a consequence of the modest external environment.
Relevance: 1.00 · June 24, 2015


Wolford Aktiengesellschaft / Announcement pursuant to Section 7 Para.2 and 4 Austrian Publication Ordinance 2002

Wolford AG, which is listed on the Vienna Stock Exchange, sold a total of 11,860 of its own ordinary bearer shares on January 22, 2016 at a selling price of EUR 21.08 per share within the context of its Long Term Incentive Program for the members of the Management Board.
Relevance: 1.00 · January 26, 2016


Atrium European Real Estate Limited / Disclosure according to Sec 93
para 2 of the Austrian Stock Exchange Act

Atrium European Real Estate Limited / Disclosure according to Sec 93 para 2 of the Austrian Stock Exchange Act
Relevance: 1.00 · August 18, 2015


Low Interest Rates are Costing Every Austrian 2,366 Euro

Due to the ongoing low interest rate environment, Austrian savers had to forego around EUR 35.5 billion in interest income over the past five years (2010-2014). On average this amounts to approx. 4,156 euro per capita. Of this, interest earned on deposits alone on average amounted to EUR 24 billion less than in the years 2005 – 2009. Anyone who invested his money in residential real estate has reason to be pleased, as prices have risen by more than a third since 2009. On stock exchanges significantly larger gains could be achieved as well, but only 3.3% of Austrians are directly invested in equities.
Relevance: 1.00 · July 21, 2015


Österreichische Post AG / AUSTRIAN POST H1 2015: SLIGHT REVENUE INCREASE, EBIT BELOW THE PRIOR-YEAR LEVEL, RISE IN EPS AND CASHFLOW

In the first half of 2015, revenue of the Austrian Post Group at EUR 1,178.9m was up 0.6% from the prior-year level as expected. Revenue growth of 2.4% in the parcel segment more than offset the slight decline of 0.4% in the mail business, which continues to be affected by the ongoing electronic substitution of traditional letter mail by electronic forms of communication, a trend which recently intensified.
Relevance: 1.00 · August 6, 2015


Schoeller-Bleckmann Oilfield Equipment AG / Publication pursuant to
sec 82 (9) Austrian Stock Exchange Act in conjunction with secs 4 and 5 Austrian

Schoeller-Bleckmann Oilfield Equipment AG / Publication pursuant to sec 82 (9) Austrian Stock Exchange Act in conjunction with secs 4 and 5 Austrian
Relevance: 1.00 · March 31, 2014


Austrian Real Estate: Prices to Increase only in Vienna

While the property price level does not stop to increase in Austria´s capital, the rest of Austria faces stagnating property prices.
Relevance: 1.00 · February 12, 2014


AUSTRIAN POST IN 2015: REVENUE INCREASE OF 1.6% - OPERATING EBIT UP2.6% - SALE OF TRANS-O-FLEX LED TO IMPAIRMENT LOSSES - STABLE OUTLOOK FOR 2016

Austrian Post recorded a solid operating performance in the 2015 financial year. In spite of challenging market conditions, Group revenue rose by 1.6% to EUR 2,401.9m.
Relevance: 1.00 · March 10, 2016


Österreichische Post AG / AUSTRIAN POST IN 2016: STABLE REVENUE AND HIGHER EBIT

Austrian Post showed a very satisfactory development in the 2016 financial year. In spite of difficult conditions, Group revenue (adjusted for the disposed German subsidiary trans-o-flex) remained stable at a high level. Operating earnings were also gratifying against the backdrop of a challenging market environment. EBIT improved by 2.2% to EUR 202.3m.
Relevance: 1.00 · March 9, 2017


Österreichische Post AG / AUSTRIAN POST H1 2017: Higher Revenue and Earnings

In the first half of the current financial year, Austrian Post's Group revenue amounted to EUR 953.7m. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 1.9 %. Revenue in the mail business was down only slightly from the prior-year level although the trend towards electronic substitution of traditional letter mail continued.
Relevance: 1.00 · August 10, 2017


Speech by Austrian Foreign Minister Kurz at the UN General Assembly

Following is the recent speech by Foreign Minister Sebastian Kurz on the occasion of the 69th UN General Assembly. Vindobona believes that this is a brilliant speech, which shows how a neutral country like Austria can make a constructive contribution to the solution of pressing international challenges.
Relevance: 1.00 · October 17, 2014


Expat Insider: The Hard-Working Austrian Expat

After sharing a detailed picture of life in Austria for the international expat, InterNations shares with you a picture of life abroad for the Austrian expat. It revolves around work, but getting to know new friends through work and a relatively high income sweeten the deal.
Relevance: 1.00 · August 27, 2015


Austrian Development Agency Celebrates 10 Years, 3.000 Projects and EUR 900 Mln Invested

„In the last 10 years, we have contributed to the improvement of the lives of millions of people in our partner countries with 3.000 projects and approximately €900m”, says Federal Minister Sebastian Kurz on the occasion of the Austrian Development Agency’s (ADA) anniversary, in the Museum of Ethnology in Vienna. The ADA is active in 11 core countries on four continents, combating poverty, securing peace and working for improved environmental protection.
Relevance: 1.00 · October 17, 2014


EU Budget: Austrian Commissioner Hahn Welcomes New Agreement

For the first time ever, the disbursement of funds from the next EU budget will be directly connected to the rule of law of each member state. This was negotiated by representatives of the European Parliament and the Council; among them is Austria's EU Budget Commissioner Johannes Hahn.
Relevance: 1.00 · November 5, 2020


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.
Relevance: 1.00 · 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.
Relevance: 1.00 · February 28, 2018


Austrian Finance Minister Michael Spindelegger Quits

Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.
Relevance: 1.00 · August 26, 2014


Mainland Chinese Billionaire Guo Guangchang to Take Over Austrian Asset Wolford AG

Shanghai based Fosun Group through its Hong Kong (Central) vehicle Fosun Industrial Holdings Limited (Fosun) has taken over control of one of Austria's last remaining lingerie assets. According to Wolford, its new strategic core shareholder has agreed to pay at least €36M for a 50.87% majority stake in Wolford AG. Wolford has been struggling with management problems for some time. It also has been loss making for several years. Fosun Industrial Holdings Limited, a subsidiary of Fosun International Limited (British Virgin Islands) is an investment holding company with interests in asset management and entertainment services. Fosun wants full control of the lingerie maker. Upon the closing of the share purchase agreement Fosun intends to launch a takeover offer to the remaining shareholders. Fosun was co-founded in 1992 by Fudan graduate Guo Guangchang who meanwhile became the 34th richest person in China with a net worth of €7 billion.
Relevance: 1.00 · March 3, 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.
Relevance: 1.00 · February 28, 2018


Vienna Energy Forum and the R20 Austrian World Summit 2018: Feedback of a Participant

At the Vienna Energy Forum and the R20 Austrian World Summit recently held in Vienna, Beatriz Mayor of IIASA - International Institute for Applied Systems Analysis also participated, who shares her interesting insights as follows.
Relevance: 1.00 · June 6, 2018


Austrian Minister of Education Demands Clarification from Islamic Community

In connection with the affair over children as soldiers playing war games in a Viennese mosque, Minister Blümel demands further information and clarification of the incidents from the Islamic Religious Community in Austria (IGGÖ - Islamische Glaubensgemeinschaft in Österreich).
Relevance: 1.00 · April 20, 2018



Austrian World Summit 2020 Was a Success


The Austrian World Summit 2020 was held in a mixture of analog and digital setting due to Covid-19, yet starred international personalities that all highlighted the importance of sustainability and the fight against climate change.
Relevance: 1.00 · September 17, 2020


Hypo Group: „Austrian Government Has Negotiated Poorly“

In the cause of the nationalized Balkan lender Hypo Group Alpe Adria, the performance of the Austrian government is miserable, according to Austrian economist Christian Keuschnigg.
Relevance: 1.00 · February 16, 2014

Blow Against Austrian Tourism: Germany Declares Vienna a Corona Risk Area
Because of too high corona infection figures, the German government now warns against "unnecessary, touristic" trips to Vienna. Vienna is classified as a risk area in view of the high number of new corona infections.
Relevance: 1.00 · September 16, 2020



Austrian Foreign Ministry - Diplomatic Excursion 2019 to Lake Neusiedl


Foreign diplomats and heads of international organisations in Austria were invited by the BMEIA Federal Ministry for Europe Integration and Foreign Affairs to the annual summer excursion to Burgenland (Diplomatenausflug 2019).
Relevance: 1.00 · July 3, 2019


C-QUADRAT Investment AG / Austrian FMA clears majority takeover by HNA Group

The HNA Group (International) Asset Management Co., Limited ("HNA") was informed by the Austrian Financial Market Authority ("FMA") by letter dated 21.12.2017 that FMA had no objections against the proposed acquisition of 74.8% of the shares in C-QUADRAT and its supervised Austrian subsidiaries.
Relevance: 1.00 · December 22, 2017
Austrian Government Dismissed: National Council Denies Government Confidence

The parliamentary motion of no confidence of the Social Democrats (SPÖ) was supported by the right-wing populist Freedom Party (FPÖ) and the Liste Jetzt. The majority of the members of the National Council thus expressed their distrust of Chancellor Kurz's government and removed it from office.
Relevance: 1.00 · May 27, 2019


Austrian Insurance Companies to Grant Credits

The Financial Market Authority has given green light to Austrian insurance companies for handing out loans. Insurers hope for an improvement in investment income.
Relevance: 1.00 · December 4, 2013



Ursula von der Leyen Gets Johannes Hahn Proposed as Austrian EU Commissioner


Ursula von der Leyen was approved by the European Parliament as the next president of the European Commission. Her first, and very tricky, task is to assign jobs to the commissioners of each country. Johannes Hahn was again nominated by the main committee of the austrian parliament as the Austrian member of the next EU Commission.
Relevance: 1.00 · July 19, 2019


European Elections 2019: Austrian Preliminary Final Results

The preliminary result of the 2019 European elections (without absentee ballot) has been announced. The Austrian People's Party won clearly ahead of the Austrian Socialist Party (SPÖ) and the Austrian Freedom Party (FPÖ). The Greens and NEOS followed in places 4 to 5. Votes cast by absentee ballot are not yet included in this result. The turnout without postal votes was 50.6%. In Vienna, the turnout including postal votes was 58.71%.
Relevance: 1.00 · May 27, 2019


Austrian Top Diplomat Walter Siegl Deceased

The Austrian Foreign Ministry mourns the loss of retired Ambassador and former Political Director Walter Siegl.
Relevance: 1.00 · July 19, 2019