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Austrian National Bank Expects Tougher "Stress Tests"
The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).
March 19, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Awards for Austrian Products at British Food Fair
Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.
March 19, 2011
Rising Sales for Pfanner
The Austrian fruit juice producer achieves sales at its pre-crisis level. In 2010, sales amounted to € 235m after € 225m in 2009.
March 19, 2011
Wolford Achieves Significant Sales and Earnings Growth
The Austrian luxury clothing company reached a sales increase of 6.6 percent to € 120.0 m. Net profits grew by 59%.
March 19, 2011
Mayr-Melnhof: Satisfying Results for 2010
The Austrian packaging company realized an increase in sales by 11.1.% Profit was above the previous year´s level by 13.3%.
March 18, 2011
Disaster in Japan Stops Exports
Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.
March 18, 2011
Lannacher has Delivery Problems with Iodine Tablets
The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.
March 18, 2011
Manufacturing Industry Supports Reform of the Energy System
Federation of Austrian Industries: "Energy efficiency has to get back into focus, the development of hydropower is a priority for Austria"
March 17, 2011 · Updated: March 18, 2011; 01:24
Yield of Austrian pension funds: 6.5%
FMA report on the 4th Quarter 2010 of the Austrian pension funds: more assets under management, widely scattered performance.
March 18, 2011
Wienerberger Acquires Belgian Brick Producer
The Austrian brick manufacturer reached the acquisition of facing brick producer Heylen Bricks in Veldwezelt, Belgium
March 18, 2011
Austrian Airlines Reduces Losses
Loss from operating activities substantially decreased: from minus € 230.9m to minus € 64.7m. Number of passengers grew by 9.7%.
March 18, 2011
Bulgaria: EVN Thermal Power Plant Almost Completed
The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.
March 17, 2011
Steiermärkische Sparkasse Doubled Profits
The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011
Bawag: Successful Return to Profitability
The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.
March 17, 2011
Satisfactory Results for Insurance Industry
According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.
March 17, 2011
Opportunities for Austrian Medical Technology in the UK
An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.
March 17, 2011
B&C Sells 29.9% of Lenzing AG
The initial step for the IPO of the Austrian pulp manufacturer Lenzing AG already has taken place.
March 17, 2011
Austrian Inflation Rate Increases up to 3.1%
Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.
March 17, 2011
Concerns about "Eurovegas"
The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.
March 16, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
VBI: Romania Remains a Weak Point
The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.
March 16, 2011
Employment Reduction in Austrian Manufacturing Industry
The number of workers in the manufacturing industry fell by 3.2% in 2010. Moreover, there was a massive reduction in the demand for temporary workers.
March 16, 2011
WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"
Production value of Austrian industry remains behind pre-crisis values despite a recovery.
March 16, 2011
Bosnia is a Promising Market for the Austrian Construction Industry
The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina
March 16, 2011
Austrian Post: Stable Turnover, Increasing Earnings
Revenue was up by 0.3%. EBIT rose by 5.0% to € 156.9m. Dividend proposal to the Annual General Meeting: € 1.60 per share
March 16, 2011
Bwin & Party Gaming: Merger Plan Requirements now met in Austria
Merger between Austrian bwin Intereactive Entertainment AG and British PartyGaming planned to complete on 31 March 2011.
March 16, 2011
Austrian Construction Costs Further on the Rise
According to Statistics Austria, construction cost continued to increase sharply in February 2011.
March 16, 2011
Geinberg Thermal Springs are Expanding
The Upper Austrian Wellness facility is being expanded massively and gets its own luxury area.
March 15, 2011
Lenzing: Demand is Greater than Capacity
The Upper Austrian pulp producer finds it difficult to cope with the growing demand. Further works are planned.
March 15, 2011
Sales Record for Schoeller Münzhandel
Schoeller Münzhandel, a subsidiary of the Austrian Mint, recorded sales for € 438.5m last year.
March 15, 2011
AMAG: € 170m Special Dividend before IPO
The owner of the Austrian metal company will sell 60% to 80% of the shares. Moreover, a capital increase is planned.
March 15, 2011
Austrian Post Announces Changes of Executive Board
Walter Hitzinger is appointed as director of the mail and retail division. Walter Oblin succeeds Rudolf Jettmar as CFO.
March 15, 2011
WKÖ Leads Austrian Education Exporters to China
WKÖ Secretary-General Hochhauser: Hong Kong continues being the gateway to China; Austrian exports rose to over € 500m.
March 12, 2011
Case IH: Increase in Tractor Production
The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.
March 12, 2011
Upward Trend for Erste Group and Raiffeisen
The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.
March 12, 2011
ÖBB Restructuring: "There is no other Alternative"
Christian Kern, CEO of the Austrian Federal Railways (ÖBB) explains his plans to manage the turnaround in an interview with the magazine "Standard".
March 12, 2011
Rise in Austrian Exports by 21.0%
January to December 2010: imports considerably above, exports just below € 110bn.
March 12, 2011
FACC is Considering Going Public in Asia
The Austrian aircraft component manufacturer could soon be listed on the stock exchange in China.
March 11, 2011
Saubermacher Plans Expansion
The Austrian recycling company continues developing successfully. An expansion in South East Europe is being sought.
March 11, 2011
AWO Presents Business Opportunities for Austrian Companies in China
Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).
March 11, 2011
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 2011
Verbund Supervisory Board Appoints Members of the Board
The Austrian energy company appoints Günther Rabensteiner as a new board member. Baumgartner-Gabitzer’s Term renewed.
March 11, 2011
Ruttenstorfer: "OMV Stays in Libya '
Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.
March 10, 2011
Lack of Venture Capital for Austrian Companies
The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.
March 10, 2011
Economic Chamber Demands Redeployment of "Manual Workers Regulation" in Favor of Research
The Austrian Economic Chamber presented a list of demands to the federal government. Critics say it is to no purpose.
March 10, 2011
Leitl Favors EU Financial Transaction Tax
The President of the Austrian Economic Chamber says: "The EU Parliamen has taken an important step towards EU financial transaction tax"
March 10, 2011
Moderate Rise in Turnover for Austrian Service Industry
Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming
March 10, 2011
New Plant for Agrana
The Austrian sugar and starch company builds a wheat starch plant - investment volume € 56m.
March 10, 2011
Significant Rise in Earnings for CA Immo
The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.
March 10, 2011
