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Increase of Inflation Forecast
The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices
February 24, 2011
Strong Growth in Results for OMV
The Austrian energy company OMV records a strong increase in EBIT as well as profitability.
February 24, 2011
Austria's Insurance Industry Is on the Rise
In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.
February 24, 2011
Leitl Demands More Support for SMEs
The Small Business Act must be also implemented at national level in a sustained way, says the President of the Austrian Economic Chamber.
February 24, 2011
Sales Growth for Quehenberger
The Austrian logistics company posted higher sales in 2010 than expected, however without reaching the profit zone.
February 23, 2011
Kazakhstan as a Chance for Foreign Trade
Austrian Economic Chamber promotes further development of economic relations with Kazakhstan.
February 23, 2011
WKÖ: "Clear Commitment to the Brenner Base Tunnel is Needed”
The chairman of the Austrian Economic Chamber considers the tunnel between Italy and Austria as a pioneering infrastructure project.
February 23, 2011
Intercell Issues Convertible Bond
The Austrian pharmaceutical company Intercell starts offering of € 30.8m senior convertible debt financing.
February 23, 2011
OMV Expects Reduction in Oil Production in Libya
The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.
February 23, 2011
Agrana Expands in Russia
The Austrian sugar and starch company invests € 27.6m in fast-growing Russian market.
February 23, 2011
Wienerberger Still in the Red
The Austrian brick manufacturer experiences declining sales. Losses were reduced.
February 23, 2011
S&T Restructuring: Agreement with Banks Concluded
Detailed negotiations with banks were successfully concluded by the Austrian software company.
February 23, 2011
Libya: Withdrawal of Austrian Companies
Most Austrian companies are getting their employees out as the result of violent riots in Libya.
February 22, 2011
Southstream: Gazprom-OMV Cooperation
OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.
February 22, 2011
Brenner Tunnel: ÖBB will not pay
The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.
February 22, 2011
Sales Declining at Strabag
The Austrian construction company recorded an output volume at € 12.8bn in 2010. Order backlog up 6%
February 22, 2011
Pankl Racing Systems AG: Doubling Profits, Stagnating Sales
The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.
February 22, 2011
Strongly rising Sales and Earnings for Lenzing Group
The Lenzing Group, an Austrian operator in cellulose fibers for the textile and nonwovens industry, achieved record results in the 2010 business year.
February 22, 2011
Austrian Economic Chamber pursues contacts in New Zealand
A business delegation led by WKÖ President Leitl visits New Zealand and Australia to strenghten economic relations.
February 22, 2011
Austrian Economic Chamber in Singapore
The Austrian Economic Chamber’s delegation pursues contacts with potential partners during the state visit of President Fischer.
February 22, 2011
OMV Observes Riots in Libya and Yemen „thoroughly“
The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.
February 21, 2011
Knill Group Builds Factory in Russia for € 50m
The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.
February 20, 2011
Record for Austrian Savings & Loan Associations
Savings & loan associations exceeded the one million mark for the second time in 2010. Cash disbursements amounted to € 3.1bn.
February 19, 2011
Minister for Social Affairs: Retirement Age to be Raised
The Austrian Minister for Social Affairs, Rudolf Hundstorfer, intends to raise the retirement age until 2025.
February 19, 2011
Baumit Group: Steady Sales
The sales situation of the Austrian construction group shows hardly any changes: sales for € 790m were recorded in 2010.
February 19, 2011
High mobile phone use by Austrian SMEs
In three out of four SMEs every employee has a cell phone, and half the SMEs can imagine communicating exclusively via mobile telephony.
February 19, 2011
Free Trade Agreement with South Korea
WKÖ: Additional trade potential for Austrian companies in South Korea for € 350m.
February 19, 2011
Austrian Industrial Producer Prices up by 4.9%
Ongoing upward trend for industrial producer prices in December 2010: +4.9% compared to December 2009; Annual average 2010: +2.7% against 2009
February 19, 2011
voestalpine: EBIT Rise Three-Fold
The Austrian steel company voestalpine records a further progression of earnings in 3rd fiscal quarter 2010/11.
February 19, 2011
Lenzing Sells Plastics Filaments Business
The Austrian fiber manufacturer sells plastics filaments business to consortium headed by the US-American Global Equity Partners
February 19, 2011
The IHS insists on higher retirement age
The Institute of Advanced Studies (IHS) admonishes the Austrian government to raise the retirement age.
February 18, 2011
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
Lufthansa Increases Pressure on AUA
The German parent company intends to convert the previously loss-making Austrian Airlines into a profitable company at last.
February 18, 2011
Sanochemia: Strong Increase in EBIT
The Austrian pharmaceutical company today announced its figures for Q1. Earnings rise eight-fold.
February 18, 2011
Strong Sales Growth Expected for voestalpine
Analysts expect that the largest Austrian steel group will present strong quarterly results.
February 17, 2011
AE&E Quota only 5%
The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.
February 17, 2011
Porr Enters Alliance in Slovenia
The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.
February 17, 2011
Austrian Economic Chamber criticizes Pension System
The Premium Model of the Economic Chambers rewards working longer instead of early retirement.
February 17, 2011
OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"
The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.
February 17, 2011
Still Losses at Brain Force
The Austrian IT provider announces massively declining operating results in the first quarter 2010/11. Sales decreased by 19%.
February 17, 2011
Increase in Electricity and Gas Consumption
Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.
February 16, 2011
Real Estate Privatization: Proceeds up to € 1.5bn
According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.
February 16, 2011
Bizarre Allegations of Meinl against Atrium
The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.
February 16, 2011
Sales Increase at Frauenthal
The Austrian component supplier, which is listed on the Viennese Stock Exchange, could improve its financial data moderately.
February 16, 2011
Construction Costs Further on the Rise
The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.
February 16, 2011
Difficulties in ÖBB Restructuring
The Austrian Federal Railways cannot get out of their debt crises. Restructuring of the freight division requires additional funding
February 15, 2011
Accusations against Hypo Group in Slovenia
The Austrian bank is under investigation because of suspicious real estate and financial transactions.
February 15, 2011
Red Bull Intends to Double Sales
The Austrian energy drink producer plans a period of strong growth for the next eight years.
February 15, 2011
ECB: Praet Succeeds Tumpel-Gugerell
The Belgian Peter Praet succeeds the Austrian Gertrude Tumpel-Gugerell as new member of the Executive Board of the ECB (European Central Bank).
February 15, 2011
Andritz Expands into Brazil and Uruguay
The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.
February 15, 2011
