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ASFINAG Issued a New Bond
ASFINAG (Autobahnen- und Schnellstrassen-Finanzierungs-Aktiengesellschaft) issued a new bond guaranteed by the Republic of Austria: EUR 500 million due 2030 with a coupon of 1.50 per cent. The funds of this bond are used to refinance a maturing bond.
September 14, 2015
S&P Warns Austria of Election Gifts
This year, Austria will hold federal elections. According to S&P, expensive election gifts may reduce the credit rating outlook.
February 19, 2013
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Public Debt: Austria´s Government Too Optimistic
The austerity targets of the Austrian government are not realistic. Above all, the official public debt level will increase significantly next year.
February 15, 2013
ÖIAG to be Enlarged?
Publicly held companies like Verbund or Austrian Railways should be integrated into the Austrian industrial holding group.
September 21, 2012
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ÖIAG: Search Goes On
The number of candidates for the succession of Markus Beyrer as CEO of the Austrian industrial holding keeps within limits.
August 2, 2012
ÖIAG: Malanik to Succeed Beyrer?
In June, Markus Beyrer decided to leave the Austrian Industrial Holding (ÖIAG). The former management board member Malanik could succeed.
July 27, 2012
„ÖIAG Should Manage Banking Interests“
Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.
June 23, 2012
Mitterlehner Suggests Dissolving ÖIAG
The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.
June 16, 2012
Asfinag Bond Issue Successfully Placed
The Austrian highway financing company has placed a € 1.0bn corporate bond at historically low rates. The bond has a maturity of 20 years.
May 31, 2012
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Asfinag Enhanced Profits
In spite of decreasing revenues, the Austrian highway funding company raised profits from € 339.3m to € 439.6m.
April 26, 2012
Asfinag to Cut Costs by € 2.8bn
The Austrian highway funding company wants to reduce construction costs by € 2.8bn over the next five years.
March 26, 2012
Cooperation Between Kapsch and Asfinag Extended
Austrian Kapsch TrafficCom and Asfinag Mautservice GmbH set out a framework agreement on the operations and maintenance contract for the nationwide electronic truck toll collection system in Austria until the end of 2018.
October 4, 2011
Asfinag Pays First Dividend Since 2008
A pending lawsuit might cost the Austrian motorway financing company up to € 37m. Full-year profit is still expected to rise.
September 8, 2011
Surprising Profit at ASFINAG
With an annual result of € 339m for 2010, the Austrian motorway financing company had much better results than expected.
May 6, 2011
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Massive Increase in Public Debt
Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.
February 10, 2011
Increase of Debts Slows Down at Asfinag
According to the Austrian motorway company Asfinag, austerity is slowly starting to show results.
January 3, 2011
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
Extra-budgetary Debts Grow Unabated
Debt levels which are not attributed to the Austrian Federal Budget rise exorbitantly. Above all, the ÖBB and Asfinag are responsible.
November 30, 2010
Traffic Expenditures: € 4.3bn less
As a consequence of the new budget, public infrastructure projects are being reduced considerably. Postponed projects and low-cost alternatives will save money.
November 12, 2010
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Asfinag: Toll Revenues for 1.63 Bllion Euro in 2010
The motorway vignette will bring the state-owned motorway company Asfinag 350 million euro this year, truck tolls one billion. Total revenues will be around 100 million above those of 2009, but debts increase by around 600 million.
October 8, 2010
Export Indicator: The Economy is Expanding
According to the current results of the OeNB export indicator calculated on the basis of trucking mileage performance data of September 2010, the Austrian export economy has also expanded in the two summer months.
September 17, 2010
Asfinag Bond: The Motorway Operator Picked Up 1.3 Billion Euro
The local motorway operator Asfinag picked up 1.3 billion euro on the capital market.
September 14, 2010
OIAG to become an infrastructure holding
The OIAG aims to become an infrastructure holding company. The federal real estate company (BIG), Verbund (energy), Asfinag (infrastructure) and parts of the ÖBB (railway) will be slowly integrated in an ÖIAG structure.
July 23, 2010
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