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Is Telekom Austria more expensive than the industry average?
Given the current revenue multiples, the Austrian government would have to pay almost 2 billion euros for the network of TA, which is about half the company's current market capitalization.
June 22, 2010
Austrian Chamber of Commerce - Fritz Aichinger is the new chairman of trade
Aichinger succeeds Erich Lemler – Deputy: Jutta Pemsel and Wolfgang Sauer
June 16, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Austrian Post - Customers are leaving
Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.
June 15, 2010
Dairy firms Tirol Milch and Berglandmilch to merge
Austrian dairy companies Tirol Milch and Berglandmilch are reportedly planning to merge operations and create the nation’s largest dairy company.
June 14, 2010
ECO Business-Immobilien AG sells Opernringhof in Vienna for €101m
ECO Business-Immobilien AG announces the upcoming sale of the Opernringhof in the first district of Vienna for EUR 101 million. The object will be sold to an Austrian private investor for a price significantly above the current carrying value.
June 14, 2010
OeNB revises growth forecast for 2011 and 2012
Austria's economy will grow 1.6 to 2.1 percent from this year to 2012 to 2.1 percent, as estimated by the Austrian National Bank.
June 14, 2010
Austrian President Dr. Heinz Fischer - banks should also make contribution to costs of the crisis
Austrian President Dr. Heinz Fischer said today at the IIF conference in Vienna "a developed social system and equitable distribution of income and wealth for the economic efficiency and political stability of a country are particularly important".
June 10, 2010
Service sector achieved increase of turnover by 1.2% in the first quarter of 2010
According to Statistics Austria, based on results for the first quarter of 2010, turnover of Austrian services enterprises at nominal values rose by 1.2% compared to the first quarter of the year 2009.
June 9, 2010
ÖBFA wants to sell more government bonds to the public
The Austrian Federal Financing Agency ÖBFA launches an information campaign, with the aim to increase the interest of private investors and their savings in form of Austrian government bonds.
June 8, 2010
Austrian Export Day - Summit of the Austrian export industry
In these economically challenging times for companies, greater efforts are needed to internationally to take off.
June 7, 2010
Tumpel - draw lessons from the crisis
"The financial markets and their actors have brought the worst economic crisis since the Second World War "says Austrian Chamber of Labour President Herbert Tumpel...
June 2, 2010
WIFO - Economy of the industrialized states in 2009 is suffering greatly from export decline
The economic situation in the Austrian Provinces in 2009 was hit by the economic crisis especially the manufacturing sectors.
June 2, 2010
EVN scores a gas deal in Croatia
A new gas pipeline built by Austrian energy provider EVN will provide thousands of Croats.
June 2, 2010
Transport volumes of rail transports decreased significantly by 18.7% in 2009
The economic crisis affected transportations on the Austrian railway network as well.
June 1, 2010
Lufthansa and AUA launch cargo subsidiary in Vienna
The two subsidiaries, Lufthansa Cargo, Lufthansa and Austrian Airlines (AUA) have established a joint cargo subsidiary in Vienna.
May 27, 2010
Austrian federal government is now sole owner of the Federal Reserve
The price fluctuations in international currency markets helped the Austrian National Bank (OeNB) in 2009 to a strong profit increase.
May 27, 2010
Austria's energy - unilateral emission reduction not purposeful
“The European Commission’s statement on a planned unilateral act on emission reduction is rejected by the Austrian energy sector, "said Secretary General Schmidt.
May 26, 2010
ÖBB (Austrian Nationalised Railway) - Bures: Save three billion €
Infrastructure Minister Doris Bures announced structural adjustments of various railway projects. As for the Brenner Base Tunnel, long-term financing is difficult to secure.
May 25, 2010
Siemens VAI Expands in China and India
Upper Austrian Siemens VAI wants to radically expand its activities in China and India.
May 25, 2010
ÖGPI gas price index rises in June
The Austrian gas price index - ÖGPI (C) - recorded a rise for June from the previous month.
May 25, 2010
Austrian Airlines expands long-haul capacity
Austrian Airlines is expanding the long-haul capacity in its 2010/2011 Winter Schedule.
May 21, 2010
Austrian Post with a 33.4 million profit in first quarter
The total revenue decreased by 1.6 per cent to €585.6m. Compared to last year 912 workers were fired. Future developments are hindered by difficult market situations.
May 20, 2010
Stock Exchange opposes government’s attempt policy regarding introduction of transaction tax
Austria Stock Exchange expresses vehement discontent with the Austrian government’s intention to introduce the transaction costs in a solo attempt.
May 20, 2010
OMV to retreat from Russia
Austrian mineral oil company OMV wants to focus on Asia and therefore completely retreats its activity from Russia.
May 20, 2010
Austrian Post at a glance
The market environment faced by Austrian Post in the first quarter of 2010 continued to be difficult. Electronic substitution of letters is ongoing, as expected, whereas the advertising market is slowly improving.
May 20, 2010
China’s minister of economic affairs visiting Vienna
Chen Deming, Chinese minister of economic affairs signed contracts worth of $900m. President Heinz Fischer and Reinhold Mitterlehner (Austrian minister of economic affairs) he was accompanied by a delegation of 120 advisors.
May 19, 2010
Three Austrian firms amongst the top hundred Red Herring finalists
Three Austrian firms are amongst the top finalists fort his year’s „Red Herring Europe award“: Flimmit, Mobilizy and Nabriva Therapeutics Inc.
May 19, 2010
Tiger Lacke to enlarge production capacity in China
According to the Austrian Times, upper Austrian firm Tiger Lacke has announced it will increase its production capacity from 10,000 to 15,000 tonnes of powder lacquer annually near Shanghai.
May 19, 2010
Vienna fuel-price summit on 27 May
According to the Austrian Times, there will be a fuel-price summit at the economy ministry on 27 May, it was announced today .
May 19, 2010
Welcome Air to expand its flight network
According to the Austrian Times, Tyrolean airline Welcome Air announced today that it would expand its flight network by autumn this year.
May 19, 2010
WIFO-head - transaction tax yes, but not solo
If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.
May 18, 2010
Austrian commercial aviation - 2009 a difficult year
In 2009 commercial aviation registered 22,6m passengers (including transit), 2.1m less passengers (8.5 per cent) compared to 2008. Airfreight decreased by 2.5 per cent or 209,200.3 tonnes while air mail also declined by 10.1 per cent.
May 18, 2010
Austrian health insurance sector recorded a small deficit
After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.
May 17, 2010
