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Power Struggle at Red Bull?
After the death of the inventor of Thai-Austrian energy drink, a power struggle between Mateschitz and the new majority owner may arise.
April 4, 2012
Austria Rejects Bank Bonds of Southern Euro-Members
The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the International Monetary Fund.
April 4, 2012
Go-Ahead for Joint Venture Between Agrana and RWA.
EU Commission approves joint venture between the two Austrian food companies Agrana Juice Holding GmbH and Ybbstaler Fruit Austria GmbH (RWA).
April 4, 2012
„Steel Industry Needs Market Adjustment“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.
April 4, 2012
Austrian Insurance Firms Continue to Commit to Internationalisation
Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.
April 4, 2012
Polytec: Declining Revenues, but Rising Earnings Expected
Tomorrow, Wednesday, the Austrian automotive component supplier presents its results of 2011. Analysts anticipate a significant increase in earnings.
April 3, 2012
Oberbank: High Earnings, Low Expectations
The Upper-Austrian regional bank achieved strong results in 2011. Nevertheless, expectations for 2012 are decent.
April 3, 2012
FDI: Cautious Optimism in Slovakia
Austrian and German investors are still optimistic concerning Slovakia´s economy. The majority expects a slight acceleration of Slovakia´s economy growth.
April 3, 2012
Most Important Cities: Vienna Catches Up
In the ranking of the most important global cities, the Austrian capital could improve substantially. The most severe weakness is the economic activity.
April 3, 2012
BDI Receives Major Order from Hong Kong
The Austrian renewable energy company records an increase of € 9 million in the order volume for a multi-feedstock biodiesel plant in Hong Kong.
April 3, 2012
Warimpex Achieved Turnaround
The Austrian real estate enterprise reported figures today. Sales rose by 11%.
April 3, 2012
s Immo Welcomes City of Vienna as New Tenant
Arkade Meidling looks back at a successful 2011, in which both sales and frequency were increased. Now, the Austrian real estate company won the City of Vienna as new tenant.
April 3, 2012
Steiermärkische Interested in Hypo Group´s Subdidiary
The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.
April 3, 2012
Frauenthal Expands into Slovakia
The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.
April 2, 2012
British Mayr-Melnhof Factory Occupied
The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.
April 2, 2012
Bajaj Increases Stake in KTM
The Indian Investor Rajiv Bajaj now holds a 44.3% share in the Austrian motor-cycle manufacturer.
April 2, 2012
RBI Strengthens Commitment to CEE Region
Austrian Raiffeisen Bank International underlines its function as major lender in Central and Eastern Europe. Hungary is still the most uncertain market.
April 2, 2012
Austrian Unemployment on the Rise
Within the Eurozone, Austria´s unemployment rate is still the lowest at 4.2%. Against March 2011, domestic unemployment rose by 4.4%.
April 2, 2012
AUA Considers Leasing Pilots
The works council tries to put pressure on Austrian Airline´s management, which may lease pilots of other airlines. The works council warns of a “mass exit”.
March 31, 2012
Euro-Group: Fekter Presses Ahead
Jean-Claude Juncker, head of the euro-group is angry at the Austrian Minister of Finance, Maria Fekter, who presented the summits´ results before Juncker´s press conference.
March 31, 2012
3.5% Salary Increase in Austrian Banking Industry
After six negotiation rounds, the collective agreement at Austrian banks has been resolved. By April 1, salaries will increase.
March 31, 2012
Strong Growth of Austrian Leasing Market
Last year, Austrian leasing business recorded a 10.3% market growth. 183,111 new contracts were concluded.
March 31, 2012
RBI Is Optimistic to Reach Solution in Hungary
On the occasion of a investor conference in London, Austrian Raiffeisen Bank International talked about risks in Hungary and capital requirements by EBA.
March 31, 2012
Total Assets of Austrian Banks Beyond € 1.0tn
At the end of 2011, the level of unconsolidated assets exceeded the € 1.0tn threshold again.
March 30, 2012
Austrian Industry Running Increasingly Smoothly
The Austrian industry has potential: positive surprise still possible despite tight earnings situation caused by high commodity prices. Export orders rise strongly again.
March 30, 2012
Construction Industry: Small Rise in Output, Good Prospects
The Austrian construction industry recorded an increase in volume of orders by 10.2% at the end of December 2011. Output of construction of buildings and civil engineering rose by 2.9% from January to December 2011.
March 30, 2012
Strong Rise in Foreign Direct Investment
According to Austrian Business Agency (ABA), total investment increased by 34%. 1,822 new jobs were created.
March 30, 2012
Schlecker: „Jobs in Austria are in Safety“
The Austrian subsidiary of the insolvent German chemist chain Schlecker is not affected by the shut-down program. Jobs are “relatively safe”.
March 30, 2012
Pröll Declines Konrad´s Succession
Josef Pröll, former Austrian Minister of Finance, excludes rumors about the succession of RZB´s chairman Christian Konrad.
March 30, 2012
Andritz Acquires U.S. Bricmont Inc.
The Austrian technology Group Andritz has acquired Bricmont Inc. from Inductotherm Group. Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in China and India.
March 30, 2012
RBI Is Optimistic to Reach Equity Requirements Without Capital Increase
The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.
March 30, 2012
Strong Rise in Sales at Hutchison
The Austrian subsidiary of the Hong Kong-based telecommunication service supplier recorded an increase of 30% in sales.
March 30, 2012
S&T Achieved Turnaround
The realization of investor participation stabilized the Austrian IT service provider and showed positive effects on liquidity, equity capital and group results.
March 29, 2012
Economic Upswing for Austria?
The economic research institutes IHS and WIFO anticipate that the Austrian economy accelerates by summer 2012. Both warn of “too much euphoria”, however.
March 29, 2012
Public Deficit in 2011 Below Maastricht Criteria
The Austrian state recorded a budget deficit of 2.6%. Public debt rose to 72.2% of GDP in 2011.
March 29, 2012
Mayr-Melnhof Closes Liverpool Plant
The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.
March 29, 2012
Andritz Receives Order from ThyssenKrupp
The Austrian technology group is awarded to supply equipment for stainless steel production to ThyssenKrupp Nirosta, Germany.
March 29, 2012
Semperit Group Achieved Double-Digit Growth Rates
Revenue increased by 18.9% to € 820.0m. The Austrian producer of synthetic products recorded an increase in earnings after tax by 19.2% to € 54.1m.
March 29, 2012
Major Order at Strabag´s German Subsidiary
Ed. Züblin, a subsidiary of the Austrian construction group Strabag, was awarded to build new universites in Hamm and Lippstadt. The contraction volume amounts to € 100m.
March 29, 2012
RBI Posts Pre-Tax Profit of € 1.4bn
As only Austrian bank, Raiffeisen Bank International pays divididends. The tier 1 ratio raises by 0.2 percentage points.
March 29, 2012
Palfinger: High Expectations in China
The Austrian crane manufacturer is optimistic that China becomes the biggest market for the company.
March 28, 2012
Austrian Insolvencies Decreasing
In the first quarter of 2012, the number of Austrian insolvent enterprises is declining. Against the first quarter of 2011, the figure was down by 1.2%.
March 28, 2012
VBAG to Cut Capital by 70%
The financially stricken Austrian VBAG will cut its equity capital by around 70 and then top it up again with state aid next month as part of a previously announced bailout.
March 28, 2012
Austrian Exports to France Exceed € 5.0bn
In 2011, Austrian exports to France were up by 10.2%. France remains one of Austria´s most important trading partners.
March 28, 2012
Swiss Tax Treaty: Austria Under Pressure
The Austrian Minister of Finance is optimistic to conclude the Swiss tax deal by 2013. Proceeds of € 1.0bn are expected.
March 28, 2012
Massive Increase in Revenues at Conwert
Revenues at the Austrian real estate company increase by 55.9 % to € 852.9m. Net income almost doubled.
March 28, 2012
Ottakringer: Hungary Lowers Profits
The Austrian beer producer achieved stable results in 2011. The Hungarian brewery Pécs reports losses, however.
March 27, 2012
Austrian Exports to Japan Reach New Record
Last year, bilateral trade between Austria and Japan recorded a new high. Austrian exports to Japan amounted to € 1.3bn.
March 27, 2012
Romania Plans Further Privatizations
Above all, a sale of the minority stake in the oil company Petrom could bring up to $ 600m. The Austrian OMV, which is the majority owner of Petrom, could be interested.
March 27, 2012
RHI Confirms Results 2011
The Austrian manufacturer of refractory products confirms its results published on March 6. RHI announces to have appointed a new CFO:
March 27, 2012
