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Blizzard Confirms Turnaround
The Austrian ski manufacturer could achieve profits again. Nevertheless, Blizzard´s management demonstrates cautious optimism.
February 4, 2012
Pecik Aims for Reaching Blocking Minority
The Austrian investor Ronny Pecik intends to re-organize the supervisory board. Nevertheless, operating functions are not targeted.
February 4, 2012
Palfinger to Enter China in 2012
The Austrian crane manufacturer plans to enter the Chinese market in the first half of 2012. China will become the biggest market for Palfinger, says CEO Ortner.
February 4, 2012
Sorger „Focusing on Business Location“
The President of the Federation of Austrian Industries, Veit Sorger, reaffirmed the strengthen Austria´s economic competitiveness.
February 4, 2012
AMAG to Become New Owners?
About one third of Austrian aluminum producer´s shares are for sale. Raiffeisen and B&C are potential buyers.
February 4, 2012
Constitutional Court: Bank Taxes in Line with Constitution
A complaint over bank taxes by Austrian banks was disapproved. According to the court, banks were primarily responsible for the economic crisis.
February 3, 2012
IPIC May Raise Stake in OMV
IPIC’s request to increase its stake in the Austrian oil and gas company OMV beyond 25% doesn’t require an approval by the Austrian Ministry of Economics.
February 3, 2012
Hutchinson Takes Over Orange
The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.
February 3, 2012 · Updated: February 3, 2012; 13:23
Gebauer & Griller to Expand Supply in India
The Indian subsidiary of the Austrian automotive component supplier Gebauer & Griller expands its production line.
February 3, 2012
Kapsch Expands in Romania
The Austrian toll system supplier Kapsch has purchased the Romanian IT service provider Squario Management s.r.l. At the same time, Kapsch has strengthened its presence in a central CEE market.
February 3, 2012
Rising Production at OMV
Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.
February 3, 2012
Conwert Continues Streamlining Operations
The Austrian real estate company continues to advance optimisation of sales activities. The distribution subsidiary Resag will be re-organized.
February 3, 2012
Palfinger Provides Surprisingly High Sales Figures
The Austrian crane manufacturer reports a rise in revenues of 29.7%. EBIT was up by 82.8%.
February 3, 2012
Uniqa Records Losses of € 330m
The Austrian insurance company´s results are massively burdened by Greek bonds. Core business is still 'robust', says Uniqa´s management.
February 3, 2012
Kapsch Wins Contract in Ireland
The Austrian toll system supplier wins Irish Rail GSM-R tender for the implementation of a digital train radio system.
February 2, 2012
Palfinger: Rise in Sales and Profits Expected
Tomorrow, the Austrian crane manufacturer Palfinger presents figures for the financial year 2011. Sales are estimated to grow by 30%, net results should reach € 40m.
February 2, 2012
Wind Power in Sahara: New Orders for Siemens Austria
The Austrian subsidiary of the German technology group Siemens achieved its first orders for the construction of wind power plants.
February 2, 2012
Trade Unions: „Schlecker Austria Depends from Germany“
For the Austrian trade unions, talks with Schlecker Austria´s management are “acceptable”. An all-clear would be difficult.
February 2, 2012
Shortened Natural Gas Supply from Russia
The Austrian oil and gas group OMV reports that Russian natural gas exports only reach 70% of its normal level.
February 2, 2012
Porr Extends Capital Increase
The Austrian construction group intends to restock its planned capital increase. The minimum volume is € 30m.
February 2, 2012
BDI Receives Major Order from USA
Austrian BioEnergy obtained order for retrofitting a U.S.-based biodiesel plant.
February 2, 2012
Lending Conditions of Austrian Banks Worsened
According to the Austrian Central Bank (OeNB), stricter lending conditions at Austrian banks were due to the decline in economic growth and detrimental refunding conditions.
February 2, 2012
Enso Hydro Looking for Hydro Power Plants in SEE
The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.
February 1, 2012
Losses in Hungary Keep Within a Limit
The deadline for the conversion of Hungarian foreign currency loans expired. Austrian banks think that their provisions are sufficient.
February 1, 2012
Major Order from Costa Rica for Andritz
The Austrian technology group Andritz was awarded a contract by the Institute of Electricity of Costa Rica.
February 1, 2012
Borealis Acquired PEC-Rhin S.A. from GPN
The Austrian producer of synthetic products took over French PEC-Rhin S.A. A price was not announced.
February 1, 2012
RBI Structures Credit Facility for Chinese Company
Austrian Raiffeisen Bank International (RBI) finances delivery of the plant by Andritz-Group for Chinese Ganzhou.
February 1, 2012
Turnaround for Austrian Industry?
According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.
February 1, 2012
Schlecker Austria Will Not Be Sold
The German chemist chain gives the all-clear. The Austrian subsidiary is not affected by the insolvency of the group.
February 1, 2012
Hypo Group to Cut Jobs
The Austrian Hypo Group Alpe Adria continues its downsizing program. 800 employees will be laid-off.
February 1, 2012
Support for AUA´s Management
Christoph Leitl, President of Austrian Chamber of Commerce (WKÖ), shows support for the management of Austrian Airlines.
January 31, 2012
Erste Group Reduces Bondholdings
The Austrian major bank is said to plan sale of covered bonds.
January 31, 2012
Central-Upper Austria Overtakes Vienna in GDP per Capita
The urban Upper Austrian region Linz-Wels has the highest GDP per capita in Austria. Vienna ranks second.
January 31, 2012
Austrian Economy to Stagnate Until Summer
The Federation of Austrian Industries (IV) does not see signs for another recession. In summer, industrialists are optimistic that economic growth accelerates.
January 31, 2012
Uncertain Future of Schlecker Austria
After the insolvency of the German chemist chain, experts consider that the Austrian subsidiary could be sold.
January 31, 2012
Pecik Aims For Becoming Chairman of TA´s Supervisory Board
The Austrian investor Ronny Pecik is said to put effort in replacing the current chairman of Telekom Austria´s supervisory board, Markus Beyrer.
January 31, 2012
FPÖ Wants Cuts in Spendings
The biggest Austrian opposition party suggests reducing public expenditures in order to reduce the budget deficit. Chairman Strache calls for a “subsidy brake”.
January 30, 2012
Felderer Attacks Austrian Government
The head of the Austrian Institute of Advanced Studies fiercely criticizes Austrian politicians. Felderer claims to put effort in the restructuring of public finance.
January 30, 2012
3E Group Grows in Eastern Europe
The Austrian building material company´s revenues were up by 3.2% in 2011. Total sales reached € 546m.
January 30, 2012
Strong Growth in Industrial Sector
Positive production trends in Austrian industry and construction sector in October 2011. Turnover was up by 9.3%.
January 30, 2012
Temporary Work on the Rise
2.3% of the Austrian workforce are temporary workers. With 75,000 persons, this is a new record.
January 30, 2012
Slow Growth in Construction Industry
Output of the Austrian construction industry rose by 1.8% in 2011. Increase in volume of orders by 11.9% in civil engineering and construction of buildings at the end of October 2011.
January 30, 2012
Do & Co Takes Over Catering at ÖBB
After the successful application, the Austrian catering company Do & Co will serve passengers at ÖBB in future. Do & Co. ÖBB expects to reduce costs.
January 28, 2012
Austrian Railways: Resistance Against Management Arising
The works council as Austrian Railways (ÖBB) wants to prevent the planned reduction in staff. Before that, outsourced service must be reduced, the council states.
January 28, 2012
Good Export Chances in SEE Region
The Austrian Chamber of Commerce regards South-Eastern Europe as growth region. Importance for the Austrian export industry is seen to increase.
January 28, 2012
Increase in IPIC´s Shareholding at OMV Approved?
Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.
January 27, 2012
Austerity: Leitl and Sorger Call for More Effort
The Presidents of the Federation of Austrian Industries (IV) and the Chamber of Commerce (WKÖ) aim for re-gaining the “AAA” for Austria. The government should cut expenses instead of rising taxes.
January 27, 2012
AUA: Resistance Forms Up
Austerity plans by Austrian Airline´s new management faces massive resistance. The dispute with employees threatens to escalate.
January 27, 2012
Austrian Trust in Euro Decreases
Austrians became more skeptical to the common currency. Analysts see a “crisis of confidence”.
January 27, 2012
Budget Deficit Lower Than Forecasted
The Austrian budget deficit in 2011 reached 3.3%. Initially, the figure was expected to amount to 3.9%.
January 27, 2012
