Sponsored Content
Search: aua-austrian-airlines
Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa
LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.
March 30, 2018
Former Finance Minister Schelling Appointed Gazprom Advisor
Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.
March 30, 2018
Repatriation of Austrian Gold Reserves Nearing Completion
This year, and not in 2020, the OeNB Austrian National Bank is already concluding its repatriation campaign for half of its gold reserves. By the end of the year, 140 tonnes of gold are to be stored in Austria, with the other 140 tonnes remaining in London (84 tonnes) and Switzerland (56 tonnes).
March 30, 2018
Harvard Government Professor Michael Sandel to Lecture Austrian Opposition How to Win Back Popular Support
The election of Donald Trump was an angry verdict on decades of rising inequality and a version of globalization that benefits those at the top but leaves ordinary people feeling disempowered. American political philosopher and a political philosophy professor at Harvard University Michael J. Sandel will give a lecture on "Is Democracy in Peril? - Politics in the Age of Trump".
March 29, 2018
AUA Starts with Summer Flight Schedule 2018: More Flights to Germany, but CEE Remains Core Market
Austrian Airlines offers a flight program with 138 destinations in 55 countries in summer 2018.
March 26, 2018
Austrian Support for Peace and Security Programm in Horn of Africa Region
Vienna based ADA - Austrian Development Agency signs an agreement on peace and security in the Horn of Africa with EU and IGAD (Intergovernmental Authority on Development). The EUTF - EU Emergency Trust Fund for Africa provides 40 million euros. 35 million of this will be made available to ADA and 5 million directly to IGAD. The ADA passes on one million euros to IGAD. The Swedish International Development Agency SIDA will also contribute one million euros..
March 26, 2018
Andritz: Report by the Executive Board and the Supervisory Board on the Stock Option Program for 2018
By resolution of the Annual General Meeting of ANDRITZ AG on March 23, 2018, the company's Executive Board was authorized to purchase treasury shares in accordance with the provisions of the Austrian Stock Corporation Act (AktG) and to possibly cancel these company shares with approval from the Supervisory Board without having to submit the matter to the Annual General Meeting of Shareholders again.
March 26, 2018
Austrian Anadi Bank AG / Yearly Financial Report
Austrian Anadi Bank AG is declaring the following financial reports below:
March 23, 2018
OECD's Angel Gurría and IIASA Agree to Tackle Critical Global Problems Facing Humanity
OECD (Organisation for Economic Co-operation and Development) Secretary-General Angel Gurira led a high-level OECD delegation to visit IIASA. The Secretary-General gave a special lecture titled "Better Policies to meet the Systemic Challenges of the 21st Century" at the Austrian Federal Ministry of Education, Science and Research, which was followed by the signing of an OECD-IIASA Memorandum of Understanding. The aim of the agreement is to jointly shape and develop innovative policies by applying systems thinking to the critical global issues facing humanity.
March 22, 2018
Austria's Double Budget 2018/2019 - Cautious Optimism
Finance Minister Hartwig Löger (ÖVP) presented his first budget. Austria's new federal government wants to earn more than it spends. The double budget for 2018 and 2019 should herald a new era. The Austrian state has been spending more than it takes for 65 years and this is to be reversed for the first time in 2019. Debt policy is to be ended. A budget surplus of 541 million euros is to be achieved and thus a turning point in budget policy. Most money should be spent on pensions, least on health.
March 22, 2018
Austrian Attaché at Tel Aviv Embassy Poses in T-Shirt of Right-Wing Identitarians
Austrian Foreign Minister Karin Kneissl has recalled Jürgen-Michael Kleppich, Attaché at the Austrian Embassy in Tel Aviv. The reason for this are media reports that shortly after Kleppich moved to Israel in January 2018, he posted a picture of himself in a T-shirt from the shop of right-wing extremist Identitarian Movement on Facebook.
March 22, 2018
Expat Advise: How Does the Austrian Tax and Social Security System Work?
If you are moving to Vienna as an expat or are already living here with employment income and want to find your way around the complicated Austrian tax and social security system, Vindobona recommends attending an interesting event organised by the Vienna Business Agency and Deloitte Austria.
March 22, 2018
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.
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.
March 15, 2018
Extremism-Gate: Special Session of Austrian National Council Convened
The somewhat opaque events surrounding the house search of the Federal Office for the Protection of the Constitution and Counter-Terrorism (BVT) are now making political waves. It is deeply disturbing that a unit, which in itself is not responsible for this, is supposed to have carried out the house search at the BVT and allegedly took highly sensitive intelligence information with it. The matter stinks to high heaven. The Austrian opposition has convened the National Council. The parties SPÖ, NEOS and Liste Pilz (LP) demand that Interior Minister Herbert Kickl (FPÖ) provides a complete explanation.
March 9, 2018
Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan
An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.
March 8, 2018
The OSCE in 2030: Undivided Security in Europe Now More at Risk Than 10 Years Ago
In the Austrian National Defence Academy, the security issue "The OSCE in 2030: Undivided Security in Europe restored?" was discussed in the form of a public panel discussion. At the invitation of the International Institute for Peace (IIP), the Karl-Renner-Institut, the Scientific Cluster for Polemology and Legal Ethics, the FES Regional Office for Cooperation and Peace in Europe (ROCPE), the Austrian National Defence Academy and the ISP Institute for Security Policy, Hannes Swoboda as moderator and the panelists Thomas Greminger, Fyodor Lukyanov, Stephanie Liechtenstein, Alena Kupchyna discussed the hoped-for security policy development of Europe and the OSCE.
March 7, 2018
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.
March 3, 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
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
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
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
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
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
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
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
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.
December 22, 2017
Austrian Retail Association - Handelsverband raises alarm: every year 560 million Chinese parcels reach Europe without import VAT
More than 10 percent of Austrian retail sales are already generated online, which corresponds to around € 6.8 billion. The problem: half of this online turnover does not arrive at the domestic market, but flows abroad. Particularly problematic is the crossborder business with Asian traders and platforms, especially from China. Currently, 560 million parcels per year are sent to the European Union via Alibaba (AliExpress). 97 percent of these shipments are completely dutyfree and VATfree in the EU and a large part of the remaining 3 percent, at least without import duty.
December 21, 2017
UNIQA Insurance Group AG / Reorganisation of the Management Board of UNIQA Österreich Versicherungen AG
Since the previous Chairman of the Management Board of UNIQA Österreich Versicherungen AG (UNIQA Austria), Hartwig Löger, left to join the Austrian government the Management Board of the UNIQA Group's largest subsidiary is being restructured and prepared for the future, subject to approval of the Austrian Financial Market Supervision.
December 18, 2017
AUSTRIAN POST Q1-3 2017: HIGHER REVENUE AND EARNINGS
In the first three quarters of the current financial year, Austrian Post's Group revenue amounted to EUR 1,404.7m. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 2.1 %. On the basis of the good revenue development combined with strict cost discipline, operating earnings (EBIT) totalled EUR 139.9m, comprising a year-on-year rise of 3.3 %.
November 15, 2017
Semperit AG Holding / Final decision from Court against former exclusivity clause, no impact on ongoing Sempermed business
The Austrian Supreme Court has decided that the former exclusivity provision for the distribution and marketing by Semperit in Europe of gloves manufactured by our former Joint Venture Company in Thailand was not compliant with competition law in 2015/16. Furthermore, the Supreme Court has decided not to involve the European Court of Justice.
October 4, 2017
Voestalpine AG - Investigations of the German Federal Cartel Office
Voestalpine AG hereby informs that in the course of the current investigations of the German federal cartel office against steel producers, an inspection in the office of voestalpine in Linz is conducted today (12th September 2017) for the German federal cartel office. The reason for the inspection is the suspicion of anti-competitive practices in the market for heavy plates. Austrian authorities are cooperating in accordance within the European legal framework.
September 12, 2017
Austrian Financial Market Authority approves organisation as a run-off company pursuant to section 162 of the Austrian Bank Recovery and Resolution Act - banking licence expires
With reference to the ad-hoc announcements dated 26 April 2017 and 8 June 2017, KA Finanz AG (KF) announces that the Austrian Financial Market Authority (Finanzmarktaufsicht) approved today that KF will operate permanently as a run-off company (Abbaugesellschaft) pursuant to section 162 of the Austrian Bank Recovery and Resolution Act (Bundesgesetz über die Sanierung und Abwicklung von Banken, BaSAG).
September 6, 2017
Moody's Lifts Outlook for Austrian Banks
Moody's lifts outlook for Austrian banks on positive, because the economic recovery in Austria makes it possible to improve the outlook for domestic banks.
August 24, 2017
Österreichische Post AG / Half-year financial report according to art. 87 para. 1 Stock Exchange Act
Österreichische Post AG (Austrian Post) is declaring the following financial reports below.
August 10, 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.
August 10, 2017
RHI AG / Results of the extraordinary general meeting on August 4, 2017
The extraordinary general meeting of RHI AG today approved the spin-off of all significant assets of RHI AG to its wholly-owned Austrian subsidiary RHI Feuerfest GmbH and the subsequent cross-border merger of RHI AG with its wholly- owned Dutch subsidiary RHI-MAG N.V. with a majority of more than 99,7% of the votes cast.
August 4, 2017
Kommunalkredit issued the first Austrian Social Covered Bond
Kommunalkredit Austria AG (Kommunalkredit) today has successfully issued the first Austrian EUR 300 m Social Covered Bond with a tenor of 4 years and a coupon of 0,375 per cent. The issuance was preceded by a euro-wide roadshow. The issuance was significantly oversubscribed with the order book totaling EUR 531 m (from more than 40 investors). Kommunalkredit was also capable of broadening its investor base by this transaction. This bond has been the first issuance since the privatization of the Bank in 2015.
July 4, 2017
Wolford Aktiengesellschaft/ Wolford Postpones Presentation of Annual Results Until August 24, 2017
The Executive Board of Wolford AG hereby announces that the original date of Friday, July 14, 2017 scheduled for the presentation of the annual financial statements and consolidated financial statements and the annual results press conference will be postponed until Thursday, August 24, 2017. The underlying reason for the decision is the regular review of all publicly listed Austrian companies by the Austrian Financial Reporting Enforcement Panel (AFREP). The Executive Board expects such a routine review to be concluded in the next days. If necessary, the results have to be taken into consideration when preparing the financial statements.
July 3, 2017
RHI AG / RHI publishes reorganization documentation - probability of the planned combination with Magnesita has increased
The documentation regarding the demerger of all significant assets of RHI AG to its wholly-owned Austrian subsidiary RHI Feuerfest GmbH and regarding the subsequent merger of RHI AG with its wholly owned Dutch subsidiary RHI MAG NV is now available on the website www.rhi-ag.com under Investor Relations / Publication Restructuring.
June 30, 2017
EANS-General Meeting: STRABAG SE / Resolutions of the General Meeting
Voting results in accordance with Sec 128 Para 2 of the Austrian Stock Corporation Act (AktG) for the 13th Annual General Meeting held on 23 June 2017 at 10:30 a.m. at Tech Gate Vienna, Room 0.1, Donau-City-Str. 1, 1220 Vienna.
June 23, 2017
ams AG / Amended convocation to the annual general meeting, withdrawal of agenda item
The Management Board has published in due form and time and in accordance with the provisions of §§ 106, 107 of the Austrian Stock Corporation Act (AktG) the convocation of the next Annual General Meeting of ams AG and has thereby announced a total of twelve agenda items.
May 29, 2017
C-QUADRAT founder Alexander Schütz elected to DeutscheBank Supervisory Board
Alexander Schütz, founding member and Management Board member of Austrian asset manager C-QUADRAT, was elected to the Supervisory Board of Deutsche Bank - Germany's largest credit institute - at their Annual General Meeting yesterday. The seat for Schütz was secured with 98.24% of the votes cast.
May 19, 2017
Österreichische Post AG / AUSTRIAN POST Q1 2017: INCREASE IN REVENUE AND EARNINGS
In the first quarter of the current financial year, Austrian Post's Group revenue amounted to EUR 488.7m. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 4.0%. This positive development was strongly influenced by seasonal effects.
May 12, 2017
FACC AG / FACC postpones the publication of the annual financial statements
In course of an enforcement procedure conducted by the Austrian Financial Market Authority (FMA) regarding the annual financial statements 2015/16 as well as the interim financial statements 2015/16 and the interim financial statements 2016/17 the company received a letter from FMA. The management board is currently evaluating the accounting issues and topics addressed by the FMA in order to reflect these in the before mentioned statements as well as in the annual financial statement 2016/17. The release of the annual financial statements 2016/17 will be therefore scheduled for June 13th, 2017.
May 11, 2017
KA Finanz AG - Supervisory board authorises management board to negotiate a refinancing facility witth ABBAG
Supervisory board authorises management board to negotiate a refinancing facility with governmental ABBAG - first step towards the potential handing back of banking licence and constitution of the company as a "run-off company" in accordance with the BaSAG (Austrian Banking Restructuring and Resolution Act)
April 26, 2017
EANS-General Meeting: Österreichische Post AG / Resolutions of the General Meeting
Publication of the resolution passed by the Annual General Meeting on April 20, 2017 with respect to authorisation granted to the Management Board to acquire the Company's own shares pursuant to Section 65 Para. 1 (4) and (8) and Para. 1a and 1b Austrian Stock Corporation Act (AktG) in conjunction with Section 82 Para. 9 Austrian Stock Exchange Act and Section 2 Para. 2 Austrian Publication Regulation.
April 20, 2017
