Sponsored Content
Search: aua-austrian-airlines
Change in Magna´s Management
The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.
December 22, 2010
Leitl: Municipal Financial Problems Act as Growth Brake
The President of the Austrian Federal Economic Chamber (WKÖ), Christoph Leitl, demands greater spending efficiency in the public sector in order to improve municipal finances.
December 22, 2010
BWT Speeds up Investment
BWT, an Austrian leader in water technology, is starting an extensive investment programme into brand and infrastructure.
December 22, 2010
Success For Siemens Austria in Norway
The Austrian Subsidiary of the German technology group received orders of 32 ecological threepart subway-trains for the Norwegian capital Oslo.
December 22, 2010
New Markets for Red Bull and Rauch
The Austrian Food companies Rauch and Red Bull open new distribution networks through the Croatian Atlantic Group.
December 21, 2010
Urgent Need for Capital at Austrian Banks
Walter Rothensteiner, Chairman of RZB as well as the Credit Division of the Economic Chamber, considers that domestic banks are under massive capital pressure.
December 21, 2010
Austrian Official Debt Level Rises
Due to the EU-wide commitment to a more transparent presentation of liabilities, the official debt ratio of Austria will continue to increase.
December 21, 2010
Austrian Supervisory Boards Come Out Favorably in Worldwide Comparison
According to a KPMG study, Austrian supervisory board members are informed timely and sufficiently about in-house operations.
December 21, 2010
The KSV Publishes Austrian 2010 Insolvency Statistics
The Kreditschutzverband (KSV, Credit Protection Association) has established an 8% decrease in corporate insolvencies.
December 21, 2010
Austrian-Hungarian Know-How for Macedonia
The Hungarian and Austrian Stock Exchanges make their capital market know-how available to the Macedonian Stock Exchange.
December 21, 2010
WIFI trains Russian leaders
The Austrian Institute for Economic Promotion (WIFI) functions as a partner of the Russian government in the framework of the management training program
December 21, 2010
Brain Force Reports Positive Turnaround
Brain Force Holding AG, an Austrian IT services provider, announced its business results for the 2009/10 fiscal year.
December 21, 2010
ÖIAG: Sale of the Post and Telekom is possible
Peter Michaelis, the departing CEO of the Austrian state holding company (ÖIAG) is considering the sale of interest holdings.
December 20, 2010
Order for Over € 100m for Voestalpine
The Austrian steel company receives an order for over € 100m by Daimler Trucks.
December 20, 2010
Meinl against Atrium: Up to 7,000 Lawsuits
The Austrian bank files lawsuits against the successor company of her former real-estate funds MEL.
December 20, 2010
Immofinanz Records Increasing Revenues and Earnings
Revenues of the Austrian Real Estate Company were up by 3.3%. EBIT increased by 19%.
December 20, 2010
Potential of Austria's Creative Industries
Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.
December 20, 2010
WIFO: Economic boom persists, but also risks
The export-driven boom of the Austrian economy continues. Growth will however slow down in the first half of 2011.
December 20, 2010
Austrian Economic Chamber focuses Growth Market China
Minister of Economy Mitterlehner presented together with the President of the Economic Camber, Leitl, strategies for the export market China.
December 17, 2010
FMA: Solid Performance of Austrian Pension Funds
The Financial Market Authority (FMA) publishes a report on the Austrian pension funds. The performance is diverse. .
December 17, 2010
Allegations of Market Abuse Against ÖBB
The Austrian Federal Railways are facing another accusation by the Federal Competition Authority. Rail Cargo is said to have abused its market power.
December 17, 2010
Beko: Sales Drop by 15%
The Austrian IT company Beko Holding AG has to accept sensitive decreases in sales and profits.
December 16, 2010
Ottakringer expands range of products
The Austrian beverage company performed four significant acquisitions, causing Ottakringer to be also represented in the CEE region.
December 16, 2010
Bank Austria´s Economic Analysis: 2% Growth in 2011
The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.
December 16, 2010
WKÖ: EU patent to stimulate Austrian innovation
The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.
December 16, 2010
Intercell Raises Authorized Capital
The Management Board of the Austrian biotechnology company is authorized to increase the share capital up to a nominal amount of € 855,000.00.
December 16, 2010
Growth Trends in Austria's Insurance Industry
The FMA report for the 3rd quarter of 2010 indicates a light growth trend for the Austrian insurance industry.
December 15, 2010
Austrian Economic Chamber is Against Euro-Bonds
Chamber President Leitl calls for an in-depth cooperation in economic policy instead of euro-bonds.
December 15, 2010
Cooperation Between Korean LG and Austrian Zumtobel
LG Innotek and Zumtobel Group conclude LED cooperation agreement.
December 15, 2010
Bene Still Reports Losses
The Austrian manufacturer of office furniture reports an increase in sales by 10.2% in Q3 2010. Sales in Germany dropped by 18.5%. UK market perfomed well.
December 15, 2010
Economic Chamber: Cautious Optimism in Austrian Industry
Industrial production is at the level of 2006; exports are still below pre-crisis levels.
December 15, 2010
No competition for Austrian Post
The letter market remains under control of the Post in Austria. Despite liberalization plans, there are no interested parties on the market.
December 15, 2010
Linz AG: Decrease in Operating Profits
The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
December 14, 2010
Risk of Poverty for 12% of Austrians
By 2008, 12.4% of the Austrian populatin is threatened by poverty. The average of the EU countries amounts to 17%.
December 14, 2010
Extensive Refinancing Needs by Austrian Banks
Due to the maturity of large loan volumes, Austria's banks will need at least € 20bn next year.
December 14, 2010
Changes in Trend for the Austrian Labor Market
Imminent job cuts because of the uncertain business development.
December 13, 2010
Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy
Massive disadvantages for Austrian companies because of financing made more difficult are feared by the members of the of the Vienna Stock Exchange board, Michael Buhl and Heinrich Schaller.
December 13, 2010
Economic Chamber: Positive Outlook for 2011
The Business Barometer presents both opportunities and risks for the Austrian economy. Shortage of skills and low investment continue being weak points.
December 13, 2010
Lenzing Expands Fiber Production Capacity
The Lenzing Group, an Austrian actor in man-made cellulose fibers, sets the course for the future expansion of its fiber production capacity.
December 13, 2010
OMV: Nabucco Underway as Planned
Austrian OMV considers that the gas pipeline project of European energy companies is developing according to plans.
December 10, 2010
Difficult Times for Austrian Investors in Zagreb
The plan of an Austrian group of investors to build the largest shopping center in Europe in the Croatian capital threatens to fail.
December 10, 2010
Economic Chamber: No More Credit Crunch for Austria’s Businesses
A study by the Austrian Economic Chamber shows the high level of satisfaction of local businesses with their banks: the credit crunch has disappeared.
December 10, 2010
Nowotny: No Euro-bonds Yet
Although he supports the euro-bonds in principle, the time has not come yet for the Governor of the Austrian National Bank.
December 10, 2010
WIFO: Austrian Manufacturing Industry in Good Position
The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.
December 10, 2010
Miba Increases Both Sales and Earnings
At € 313.7m, revenue of the Austrian component supplier is up 37 percent from the previous year. Number of employees of the Miba Group up by 20 percent.
December 10, 2010
Austrian Economic Chamber Supports Development of the Danube as a Transportation Route
Austrian Economic Chamber President Christoph Leitl supports the EU's Danube region strategy to expand infrastructure between the Danube countries.
December 10, 2010
Mitterlehner: New Red-White-Red Card has Advantages for Economy and Location
The "red-white-red-card" is to meet the needs of the Austrian economy for skilled foreign workers.
December 10, 2010
OMV: Operating Result of Over € 2.0bn Expected
The CEO of the Austrian oil group, Wolfgang Ruttenstorfer says: "2010 was a good year for OMV”.
December 10, 2010
AUA: Negotiations Failed, Imminent Protests
Collective agreement negotiations between employee representatives and top leaders of Austrian Airlines had to be interrupted without results.
December 10, 2010
Workers Count on Early Retirement
Nearly half the Austrian salaried employees do not expect to work until reaching normal retirement age.
December 10, 2010
