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Dismal Prospects for Austrian Transport Industry
In spite of satisfying results this year, the domestic transport industry expects worsening conditions in 2012.
November 21, 2011
Austrian Minister of Economics Criticizes Hungary
On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.
November 21, 2011
Austrian Central Bank Calls for Rise in Equity for Banks
The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
November 21, 2011
Decrease in Profits for Austrian State Printing House
The Austrian state printing house (OeSD) announces that in the first half year sales rose slightly. Earnings and profits declined.
November 21, 2011
Strabag Confirms „Solid Outook“
The EBIT forecast of the Austrian construction group has been raised to € 340m. Net income is expected at € 185m.
November 21, 2011
Uniqa Group Strengthens Market Position in SEE Region
The Austrian insurance company expands its market leadership in Albania and is ranked on number two in Kosovo.
November 21, 2011
Strong Results for Pankl Racing Systems
The Austrian supplier of racing and aerospace systems could improve revenues, earnings as well as profits significantly.
November 21, 2011
CA Immo Invests in Munich
The Austrian real estate group purchased a 50% stake in the Skygarden project in Munich. The acquired property value amounts to around € 63m.
November 21, 2011
Austerity Measures or New Taxes?
The Austrian government has to reduce its deficits, after having announced the “debt break”. The social democrats call for property taxes.
November 19, 2011
A-Tec: Investigations Against Kovats
Investigations by the Austrian Public Prosecution Authority against the CEO of A-Tec, Mirko Kovats, proceed. The suspicions are massive.
November 19, 2011
Voestalpine Cuts Production
For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.
November 19, 2011
Felderer Pleads for Pay Freeze for Civil Servants
The head of the Austrian Institute of Advanced Studies (IHS), Bernhard Felderer, suggests to stop the salary increase for civil servants next year.
November 19, 2011
Unions Put Pressure On Retail Trade
After the third negotiation round has been quitted, the Austrian trade Union starts a series of actions. Strikes are not considered for the time being.
November 19, 2011
Kaufhof: Benko Has Good Odds
The Austrian real estate investor has high chances to acquire the German retail chain Kaufhof. The sale could be closed before Christmas.
November 19, 2011
„Debt Brake“: Government Tries to Persuade Opposition
This week, the Austrian government announced to insert a maximum debt level into the constitution. The approval of one opposition party is still missing.
November 19, 2011
Increasing Capital Requirements for Austrian Banks
The Austrian Raiffeisen Bank International (RBI) needs to raise its equity base by € 2.5bn instead of € 1.9bn, the bank supervision claims.
November 19, 2011
FACC Builds R&D Center in Upper Austria
The Austrian aircraft component manufacturer invests a total of € 54m in the project. Turnover is expected to increase by 20% to € 330m in the current year.
November 18, 2011
AutoBank Achieves Further Growth
The Austrian specialist bank increased new business volume to € 59.6m. The operating result more than doubled and amounted to € 817,000.
November 18, 2011
Raiffeisen’s Capital Shortfall Grows to € 2.5bn
The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.
November 18, 2011
Rosenbauer Reports Drop in Profit
The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.
November 18, 2011
No Growth in Construction Industry in 2012
Austrian companies fear the effects of the debt brake while they still suffer from the consequences of the recession of 2009.
November 17, 2011
Austrian Firms Expect Slowing Economy
Forecasts for the Austrian economy have been deteriorating since summer 2011. The WKÖ now joins the chorus with a recent survey.
November 17, 2011
Strabag Strengthens Brand Presence in Sweden
The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.
November 17, 2011
Do & Co Continues to Grow in Difficult Market Environment
The Austrian catering company increased sales by 9.8% in the first half of its business year. EBIT was up by 24.1% to € 18.88m.
November 17, 2011
Andritz Wins Order in the UK
The Austrian technology group and the energy group E.ON signed a contract on the supply of equipment for a biomass energy plant. The project has a volume of € 80m.
November 17, 2011
Austrian Post Increased Revenues and Earnings
Profit for the period came in lower than expected at €78.9m due to a provision amounting to € 20.0m for structural measures relating to the Parcel Division.
November 17, 2011
voestalpine Cuts Outlook for the Full Business Year
In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.
November 17, 2011
Austrian Inflation Decreases to 3.4%
Consumer Price Inflation decreased to +3.4% in October 2011. The main draivers are lodging and energy prices.
November 16, 2011
Petrom Accused for Breach of Antritrust Rules
The Romanian subsidiary of the Austrian OMV, Petrom, is confronted with alleged breach of antitrust regulations.
November 16, 2011
Binder+Co Reports Strong Rise in Sales and Orders
Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.
November 16, 2011
SBO Doubled Profits
The Austrian supplier of oilfield equipments raised sales by 36.6%. SBO starts into the fourth quarter with a sound order backlog
November 16, 2011
Conwert With Negative Result in Third Quarter
The Austrian real estate company announces positive results for the first nine months. Profits declined considerably, EBIT improved.
November 16, 2011
Strabag Subsidiary Wins Contracts in India
EFKON, an Austrian supplier of toll systems has been awarded for contracts in India worth € 6.5m.
November 16, 2011
„Debt Brake“ for Austrian Government
As the Austrian government fears a downgrade of its rating, the coalition partners agreed to install a „debt break“. Reactions are ambiguous.
November 15, 2011
Brain Force Announces Turnaround
The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.
November 15, 2011
Small Increase in Construction Costs
Austrian Construction costs increased by 1.8% in October 2011 compared to the previous year.
November 15, 2011
Austrian Economic Growth Slows Down
According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.
November 15, 2011
Jobs to be Cut at Bank Austria
After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.
November 15, 2011
Semperit Exceeds Forecasts
In the first nine months, the Austrian manufacturer of synthetic products was able to raise sales by 20.6% to € 626.2m. Profits increased by 18.7%.
November 15, 2011
Lenzing Meets Expectations
In the first nine months of 2011, the Austrian Lenzing Group could improve financial key figures. Profits were up by 77.5%.
November 15, 2011
Chamber of Labor Claims Reduction in Working Time
According to the Austrian Chamber of Labor, companies earn € 4,000 per employee. The Chamber asks for fair wages and a cut in working time.
November 14, 2011
Increasing Interest for Kaufhof
The Austrian real estate investor René Benko got another competitor. Now three tenderers in the sale process will participate.
November 14, 2011
Stable Electricity Consumption of Austrian Households
2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.
November 14, 2011
Immofinanz Refinances Shopping Mall in Moscow
ZAO Raiffeisenbank provides a major loan for the Austrian real estate group in order to expand operations in Russia.
November 14, 2011
€ 400m for Solar Power
Tauernwind, which has built a solar power park in the Austrian Alps, intends to expand substantially.
November 12, 2011
Savings Capacity in Austrian Health Care System
Expenses for the Austrian health care system amount to 11.0% of the GDP. The savings capacity has to be exploited, politicians say.
November 12, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Fabasoft in the Black Zone
The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.
November 12, 2011
Moderate Rise in Profits for Semperit
The Austrian producer of synthetic materials will report a rise in profits by 12.7%, Austrian analysts expect.
November 12, 2011
Stable Results for Ottakringer
In spite of increasing costs and sales problems in Hungary, the Austrian major brewery and mineral water producer expects to maintain results of 2010.
November 12, 2011
