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Business Cycle
Industrial Production: Increase Over Last Year, but Trend is Declining
The September 2010 production index shows a significant increase of 3.6% in Austrian industrial production over the previous year.
November 24, 2010
OECD: Austria's growth until 2012 at 2%
According to the report, the economy is returning back to normal values, but it will have to manage without fiscal stimulus.
November 18, 2010
Austria´s Economy: Recovery Accelerates
According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.
November 15, 2010
Austria: Strong Growth Again in the Third Quarter 2010
According to the latest flash estimate of the Austrian Institute of Economic Research (WIFO), Austria's economy again expanded in the third quarter of 2010 by 0.9% over the previous quarter (after +1.2% in the second quarter).
November 12, 2010
Carinthia: Industry Faces Stagnation
Despite recent positive economic data, Carinthian industrial firms are less confident. For the coming year, a stagnation in production and in profits is expected.
November 11, 2010
OeKB: Further Expansion in CEE Region
According to the OeKB (Oesterreichische Kontrollbank), the business climate index in Central and Eastern Europe (CEE) showed an improvement in recent months.
November 9, 2010
Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver
The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.
November 8, 2010
Industry: Recovery Dynamics are Leveling Off
IV’s (Federation of Austrian Industries) economic barometer shows minor increases; there is a gradual return to normal capacity. Only a small momentum is to be expected in employment and earnings growth.
November 4, 2010
Polytec: Withdrawal of RLB Oberösterreich?
According to market information, the Raiffeisen Landesbank Oberösterreich (Upper Austria) will separate from the auto supplier, who was badly hit by the crisis, but is writing black figures again.
November 4, 2010
Wienerberger Records More Profits, but Less than Expected
Wienerberger AG recorded a 7% year-on-year increase in operating EBITDA to € 82.2 million for the third quarter of 2010. However, analysts expected even more.
November 3, 2010
AUA: Deficits Must Go
Austrian Airlines, bought in 2009 by German Lufthansa, are now working with profit at operational level. But restructuring of long haul routes is proving to be particularly difficult.
November 3, 2010
Hypo Proceedings: New Revelations
Both sensitive data and risk and control instruments were handled negligently.
November 2, 2010
Unemployment: Sharp Decline in October
Compared with the previous year, unemployment was reduced by 8%. The decline is attributed primarily to an increase in the demand for temporary workers.
November 2, 2010
A-Tec: Banks Working on Counter-Proposal
After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.
October 30, 2010
Industry: Good Prospects for 2011
The general optimism in the industry leads to the expansion of production and more personnel recruiting.
October 28, 2010
AUA: Still Losses, But There Is an Upward Trend
Losses and costs fall, passenger numbers rise. Restructuring measures show results, but the target has not been reached yet, according to the board.
October 28, 2010
A-Tec Restructuring: Kovats Hands Over 25.1%
The banks inject new money into the insolvent company; Kovats has no longer the majority. If restructuring fails, the banks have realization authority.
October 28, 2010
Hypo Group: Dramatic Losses Expected for 2010
The bank has to downsize, and will therefore have to part with many assets, according to the chairman of the board. For 2012, prrofits are expected again.
October 27, 2010
A-Tec: Will 100 Million be Given Up by the Creditors?
The creditors' committee deliberates today on how the company will continue existing. Mirko Kovats, founder and CEO of the company, wants to make a "substantial contribution" to the issue.
October 27, 2010
KTM is Back Again
With a surprisingly positive quarterly result, the motorcycle manufacturer KTM shows its old strength. All expectations have been exceeded.
October 22, 2010
AT&S Leaves the Crisis Behind
Thanks to growth in sales and massive investments, AT&S looks forward to a positive future.
October 21, 2010
Voestalpine: Good Prospects
Voestalpine has got back fast on the road to success. Cost reduction and growth outside Europe are the recipes.
October 21, 2010
Wienerberger: Slow Upwards Trend Again
The process is still slow, but the Group is able to participate immediately in the recovery with its existing capacity.
October 21, 2010
IMF Considers Recovery as "Moderate and Uneasy"
Growth in Europe seems to be normalizing slowly. Dynamism is missing though, and many vulnerabilities are as yet unresolved.
October 20, 2010
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