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UK Investor Plans Sale of Iglo
The British company should get new owners soon. The consequences for the Austrian subsidiary are unknown yet.
March 27, 2012
Voestalpine Forecasts Improved Business Conditions
Austrian steel group voestalpine expects results to improve from April 2012 as it benefits from price hikes and solid demand, Reuters reported.
March 27, 2012
Burger King to Expand in Austria
The U.S. fast food chain enlarges its Austrian branches. Moreover, Burger King aims to enter the coffeehouse segment.
March 26, 2012
Budget: Wifo Misses Future Investments
The Austrian Institute of Economic Research (Wifo) commented the government´s draft of the budget. There is still a lack in active fiscal policy, Wifo states.
March 26, 2012
Asfinag to Cut Costs by € 2.8bn
The Austrian highway funding company wants to reduce construction costs by € 2.8bn over the next five years.
March 26, 2012
Growth in Austrian IT Industry
In 2011, the Austrian Information Technology and Communication Industry achieved revenues of € 54bn. This corresponds to an increase of 6.6%.
March 26, 2012
BNP: Austrian Economy Recovers
GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.
March 26, 2012
Alpine to Build Railroad Tunnel for Stuttgart 21
The Austrian construction company is involved in the German Railroad’s large-scale Stuttgart 21 project.
March 26, 2012
BWT Posts Decline in Profits
The Austrian water technology company recorded revenues of € 478.9m (+3.9%). Net profit was down from € 22.7m to € 13.6m.
March 26, 2012
Moderate Growth in Tourism Sector
Current Austrian tourism winter season 2011/12: +4.6% more overnights due to rise in February (+11.7%).
March 26, 2012
Keuschnigg: „Greece Must Leave Eurozone“
The Austrian Economist and designated director of HIS, Christian Keuschnigg advised Greece to leave the euro zone.
March 26, 2012
Increase in Profits at Immofinanz
The Austrian real estate Group continued the positive trend recorded in recent quarters during the third quarter of the 2011/12 financial year. Profits were up by 17.5%.
March 26, 2012
Municipalities: Indebtedness Per Capita on the Rise
According to the Austrian audit court, indebtedness of municipalities was up significantly over the last years.
March 24, 2012
Austrian Chamber of Commerce Underlines Importance of South Tyrol
The President of Austria´s Chamber of Commerce (WKO), Christoph Leitl, met South Tyrols governor Luis Durnwalder and stresses the good political and economic relationship between South Tyrol and Austria.
March 24, 2012
New Sales Record at Pfanner
The Austrian fruit juice producer achieved constant growth rates last year. Sales were up to € 245m.
March 24, 2012
AUA: Trade Union Terminates Collective Agreement
New controversies arose at Austrian Airlines today. In order to put pressure on AUA´s management, the trade union terminated the collective agreement at the subsidiary Tyrolean.
March 23, 2012
Conwert: Haselsteiner Wants Blocking Minority
The Austrian industrialist, who is CEO of Strabag Group, wants to reach at least a 25% stake at the real estate company. Petrus Advisers is said to exit.
March 23, 2012
Raiffeisen, 3-Banken Reject Comment on Hypo Interest
Raiffeisenlandesbank Carinthia and BKS aren’t interested in Hypo Alpe-Adria-Bank International AG’s Austrian subsidiary.
March 23, 2012
RBI: Günther Gall Appointed Vice-Chairman of EPC
The Austrian national Günther Gall of Raiffeisen Bank International AG (RBI) was elected vice president of the European Payments Council (EPC).
March 23, 2012
Vienna International Airport to Offer More Incentives
In order to maintain competitiveness, the airport tries to attract more airlines. But also costs will have to be cut.
March 23, 2012
Moderate Improvement in Vamed´s Results
The Austrian health service supplier could record a rise in sales by 3.0%. EBIT was up by 8.0%.
March 22, 2012
Immofinanz: Analysts Expect Strong Earnings Growth
According to market expectations, the Austrian real estate company may achieve a 30% increase in EBITDA.
March 22, 2012
Rising Dividend at Andritz
The annual general meeting approves substantial dividend increase and split of shares at the Austrian technology group.
March 22, 2012
2,000 New Jobs Created by Foreign Enterprises
The Austrian Chamber of Commerce stressed the importance of foreign direct investment in Vienna. Last year, 126 foreign enterprises came to Vienna.
March 22, 2012
CarbonLite Opens $ 58m PET Recycling Plant
The Austrian Erema supplies pelletizers for the world largest bottle-to-bottle recycling plant in Riverside, California.
March 22, 2012
Hypo Alpe Adria Bank to be Sold this Year
The Austrian subsidiary of the nationalized Hypo Group Alpe Adria will be sold this year. “All potential risk factors are eliminated.” the supervisory board chairman says.
March 22, 2012
Voestalpine to Invest € 500m at Main Site
The Austrian steel company builds a new strand casting house. Voestalpine warns of excessive greenhouse gas regulations.
March 22, 2012
New Executives for VBAG
The banking group VBAG, in which the Austrian state is about to take a stake of up to 49 percent, will get new management after losing nearly € 1.4bn ($1.85bn) last year.
March 22, 2012
Increase in Employment and Unemployment
Overall situation of the Austrian labor market improved in 2011 compared to 2010.
March 22, 2012
Strabag Expands in Switzerland
The Swiss subsidiary of Austrian Strabag enters into strategic partnership with BH-Holding AG in Zurich and Zug.
March 22, 2012
Andritz: Major Order from Chile
The Austrian Andritz Energy & Environment receives major order to supply equipment for two coal-fired power stations in Chile.
March 22, 2012
Excellent Results at Lenzing Group
The Austrian fiber producer announces that the € 2bn sales threshold was surpassed for the first time. EBIT was up by 60%.
March 22, 2012
S Immo: Increase in Rental Income of 21.1%
The Austrian real estate company announces an EBIT increase of 52.4%. Consolidated net income for year rose from € 2.1m to € 21.3m.
March 21, 2012
Windtec: Espionage Scandal Does Not End
A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.
March 21, 2012
MAN Austria Records Lower Revenues
The Austrian subsidiary of the German truck producer registers a decline in revenues by 12%. The number of produced driver cabs was up significantly.
March 21, 2012
EVN Raises Investments in Croatia
The Austrian energy company expects the beginning of a market consolidation in Croatia. Investments are rising.
March 21, 2012
Substantial Rise in Sales at Red Bull
The Austrian energy drink producer sold 4.6 billion cans last year. Sales were up by 12%.
March 21, 2012
Banks have CEE-Subsidiaries „Under Control“
RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.
March 21, 2012
Moderate Rise in Austrian Bilateral Trade with Italy
In 2011, Austrian exports to Italy went up by 8.6% to € 9.3bn. After Germany, Italy is Austria´s second largest trade partner.
March 21, 2012
Strabag Extends Viennese Underground
Extension of underground line U1 in Vienna: The Austrian construction group receives contract for two construction lots. The order value reaches about € 90m.
March 21, 2012
Nowotny: “Portugal in Much Better Shape Than Greece”
The Governor of the Austrian Central Bank (OeNB) and ECB Council Member Ewald Nowotny is optimistic on Portugal´s medium-term prospects. The country faces much less liquidity constraints than Greece.
March 21, 2012
Andritz Receives Major Order from Turkey
The Austrian technology Group Andritz has received an order to supply equipment for Beyhan-1 hydropower station in Turkey. The order value amounts to € 44m.
March 21, 2012
Meeting between Saudi Monarchy and Austrian Embassy
The Austrian ambassador presented Investment opportunities to Saudia Arabia´s Prince Alwaleed.
March 20, 2012
Denmark: Alpine Participates in Major Tender
New Railway Line in Copenhagen: Invitation to tender for Austrian company Alpine Bau GmbH.
March 20, 2012
Austrian Real Estate Market is “Sold Out”
The boom of Austrian property prices does not end. Prices for one-family houses were up by 6.4% on average.
March 20, 2012
FMA: Insurance Companies Raised Profits to € 1.16bn
The Austrian Financial Market Authority (FMA) observes rising profits in the domestic insurance industry. Operating profits grew to € 1.16bn.
March 20, 2012
Verbund Faces Competition from Russia
The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.
March 20, 2012
Austrian Economy Recovers Slowly
The Austrian Central Bank (OeNB) sees signs of a recovery. A recession is not expected.
March 20, 2012
Allianz Austria Improves Premium Intake
The Austrian subsidiary of the German insurance group could enhance results in all its segments. Due to a decline in investment results, net profits were down significantly.
March 20, 2012
Hypo Group´s Austrian Subsidiary in the Profit Zone
Hypo Alpe Adria Bank AG, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG, today reports positive results from ordinary business activities (EBT) in 2011 of € 10.18m.
March 20, 2012
