China
“Germany overestimated, USA and China underestimated”
Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.
January 26, 2013
Turkey Plans to Build World´s Biggest Airport
Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.
January 23, 2013
Hungarian Government „Do Not Need Help from IMF“
Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.
December 22, 2012
RHI: USA and India as Growth Markets
CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.
December 1, 2012
Androsch: „AT&S Under Double Pressure“
In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.
October 15, 2012
Voestalpine: No Investments in Europe
Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.
October 12, 2012
Andritz is Concerned About China
The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.
October 10, 2012
Serbia Asks China for Loan
The Serbian Minister of Finance Mladjan Dinkic asked the Chinese Exim Bank for a € 850m loan in order to realize construction projects. IMF is not satisfied with Serbia´s austerity policies yet.
September 26, 2012
RHI Demonstrates Optimism
The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.
September 24, 2012
Palfinger´s Joint Venture in China Starts Operations
The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.
September 3, 2012
Voestalpine Underlines Expansion Into Asia and America
For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.
August 25, 2012
Crisis in Eurozone: Stepic Is Optimistic
In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.
August 25, 2012
Telekom Austria Reconsiders Takover of „Yesss!“
The takeover of Hutchison/Orange and Telekom Austria/Yesss! becomes difficult. After the new EU requirements, Telekom Austria wants to examine the acquisition again.
August 4, 2012
AUA Invests € 80m in Long Distance Flights
Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.
July 30, 2012
Hutchison´s CEO: „Austria Benefits from Merger“
Hutchison Austria still holds on the acquisition of the third largest telecommunication service supplier Orange.
July 19, 2012
FACC Builds New Technology Center
The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.
July 16, 2012
Austrian Foreign Trade Figures Flattening
After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.
July 12, 2012
Zumtobel Group Strengthens its Presence in China
The Austrian lighting company announces that the newly built factory was opened in Tianjin, China, for road and tunnel lighting. R&D activities in China will be expanded.
July 12, 2012
Active Direct Investments Higher than Passive Direct Investments
Austrian enterprises make more investments abroad than foreign countries do in Austria, Austrian Central Bank announced.
July 5, 2012
Voestalpine to Put Effort into Growth
The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.
July 4, 2012
New CEO at ATB
Andreas Schindler is the new Chief Executive Officer of the Wolong-owned ATB Austria Antriebstechnik.
July 4, 2012
„Up to 70% of European Steel Capacities are Endangered“
Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.
July 3, 2012
Orange Sale: EU Commission is Concerned too
After the Austrian Federal Competition Authority (BWB) expressed its concerns about the acquisition of Orange by Hutchison Austria, the EU Commission announces to deepen its examination.
June 29, 2012
Orange Deal: „Federal Competition Authority is Ignorant“
The Austrian Federal Competition Authority (BWB) has to examine the takeover of Orange by Hutchison Austria thoroughly. The patience of all parties is limited.
June 28, 2012
Austria´s Exports to Asia on the Rise
Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.
June 21, 2012
Orange Takeover to be Postponed
The Commission of the EU identified several shortcomings in the takeover of Orange by the Hong Kong based Hutchison.
June 15, 2012
Slow Growth in Austrian Foreign Trade
January to March 2012: small increase in imports (2.3%) and exports (2.8%).
June 6, 2012
Austrian Furniture Industry Increases its Exports
In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.
June 6, 2012
„India and China are not the Problems“
Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.
June 5, 2012
Russians Push New Railway Line to Vienna
Russian Railways intends to establish an axis between China and Europe.
June 4, 2012
Austrian Industrial Sector Pushes for Austerity
The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.
May 22, 2012
Red Bull Still Waits for China
The Austrian energy drink producer aims to enter the Chinese market but still waits for the approval by Chinese authorities.
May 16, 2012
Strong Increase in Austrian FDI
Only in 2007, Austrian investors made more investments abroad. Last year, FDI totaled € 22bn.
May 14, 2012
Hungarian Bank Tax May be Abolished
The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.
May 10, 2012
Strong Growth at Palfinger
Revenue and EBIT increased by another 17 per cent. The Austrian crane manufacturer expects a moderate growth trend in 2012.
May 10, 2012
Miba Continues Strong Growth
The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.
May 3, 2012
ATB Achieved Turnaround
Sales of the Austrian motor producer were up by 10%. Operating profits rose to € 45.2m after € -88.2m in 2010.
April 30, 2012
Where is Austria´s Gold?
The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.
April 10, 2012
Austrian-Chinese Trade at All-Time High
Last year, bilateral trade volume rose by 13% in 2011 to over € 9bn. Austrian Exports rose by 11.7%.
April 10, 2012
BDI Receives Major Order from Hong Kong
The Austrian renewable energy company records an increase of € 9 million in the order volume for a multi-feedstock biodiesel plant in Hong Kong.
April 3, 2012
Strong Rise in Sales at Hutchison
The Austrian subsidiary of the Hong Kong-based telecommunication service supplier recorded an increase of 30% in sales.
March 30, 2012
Palfinger: High Expectations in China
The Austrian crane manufacturer is optimistic that China becomes the biggest market for the company.
March 28, 2012
Windtec: Espionage Scandal Does Not End
A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.
March 21, 2012
Telekom Austria: Pecik Denies Sales Talks
The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.
March 19, 2012
Japanese NTT to Enter Telekom?
Telekom Austria will get a new partner. Newest rumors say that NTT could buy Pecik´s stake. Norwegian Telenor is still interested.
March 16, 2012
Raiffeisen Places Chinese Bonds
The Austrian bank places 750 million yuan in first sale dim sum bonds.
March 16, 2012
Pecik Content to Hold Telekom Stake
The shareholder at Telekom Austria will not sell his stake in the near future. Norwegian Telenor is said to be interested in entering Telekom Austria.
March 15, 2012
Palfinger Puts Effort Into China Entry
The Austrian crane manufacturer announced its joint venture with the Chinese partner Sany at the Austrian Federal Competition Authority (BWB).
March 13, 2012
Imports Grow Stronger than Exports
January to December 2011: Austrian imports rose by 15%, exports increased by 12%.
March 9, 2012
Getzner Werkstoffe: on to South America Following Success in Asia
The Austrian company produces materials for vibration isolation and plans to expand into South America.
March 7, 2012
Fast News Search
