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Construction Industry

Austria: New CEO for Alpine

The construction company was saved from bankrupcy and is now looking for a new CEO

March 5, 2013

Austria: Alpine Turns Out a Big Burden For FCC

The construction company has avoided bankrupcy and is save – for the time being.

March 5, 2013

Austrian Construction Group Alpine Rescued

For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.

March 4, 2013

Alpine: Austrian Ministry of Finance Rejects Waiver

Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.

March 1, 2013

Romania: Moderate Growth in Manufacturing and Construction Industry

Trends in the evolution of economic activity during: February - April 2013.

March 1, 2013

Estonia: Construction Output Grows Massively

In 2012, the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 19% more than a year earlier.

March 1, 2013

Alpine: Future Still Highly Uncertain

Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.

February 28, 2013

Alpine: Major Contract in Czech Republic

Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.

February 26, 2013

Austria: Final Talks about the Future of Alpine

Everything revolves around the debt cut and the Future of Construction Company.

February 25, 2013

Strabag to Return to Libya

Because of the war in 2011, the Austrian construction group withdrew from Libya. In total, 1,500 workers were employed in Libya.

February 23, 2013

Porr Achieves Turnaround

The Austrian construction group could generate a stable output. The order stock has reached a new record high.

February 23, 2013

Hungary: Sharp Decline in Dwelling Construction

In 2012, 10560 new dwellings were built, 17 percent fewer than in the previous year. The number of dwelling construction permits was 10600, a 15 percent decline compared to the data of 2011.

February 22, 2013

Strabag and Rio Tinto Enter into Exclusive Partnership

Cooperation between the Austrian construction group and the Australian mining group in research & development. Two phases: field trials and exclusivity period-

February 22, 2013

Construction Industry: Polish Output Fell Sharply

In the EU, the construction output was down by 2.7%. Poland and Bulgaria record a substantial decrease in production.

February 19, 2013

Hungary´s Construction Output Falls by 6%

Year-on-year, construction output decreased by 5.9% in 2012 and by 3.1% in December. Over the whole year, both the construction of buildings (7.6%) and civil engineering works (4.0%) decreased.

February 15, 2013

Strong Growth in Lativan Construction Industry

Data of the Central Statistical Bureau show that, in comparison with 2011, construction output in 2012 has grown by 14.8%. Of which construction of buildings increased by 14.7% and of civil engineering structures – by 16.2%.

February 15, 2013

Strabag: Results in 2012 Below Initial Targets

The Austrian construction group records a slightly shrinking output volume. The order backlog was down by 1%.

February 13, 2013

Bulgaria: Trade and Industrial Sectors Shrink

In November industrial production contracted at the same rate as in October (1.8%). The volume of output of manufacturing remained unchanged on an annual basis. The real-terms decline of domestic trade accelerated to 7.4% yoy.

February 11, 2013

Slovak Construction Fell Massively

In December 2012, construction output decreased, year-on-year, by 16,5 % to EUR 416,9 million. After seasonal adjustment, it was higher by 0,7 % compared with November 2012.

February 8, 2013

Czech Construction Industry Shrinks Substantially

Construction output down by 6.5% in 2012. In December 2012 the construction output declined by 17.3%, year-on-year (y-o-y).

February 6, 2013

Slovakia: Economic Sentiment Improves Slightly

Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.

February 4, 2013

Alpine: Creditors Face Haircut

The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.

February 2, 2013

Moody´s Downgrades Croatia

The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.

February 2, 2013

Austria Records Highest Unemployment of All Times

With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.

February 1, 2013

Austria: Positive Trends in Industrial and Construction Sector

Turnover was up by 10.9%. Increase in volume of orders by 2.0% in civil engineering and construction of buildings at the end of October 2012. Output of construction rose by 7.4%.

January 30, 2013

Deripaska Increases Stake in Strabag

The Russian industrialist Oleg Deripaska buys 0.6% of Strabag shares. In total, he holds a stake of 18.2%.

January 18, 2013

Construction Output: Sharp Decrease in Slovenia and Slovakia

In the Euro area, the production in construction was down by 0.4%.

January 17, 2013

Hungary: Construction Output Decreases

In November 2012, construction output was down by 11.7% on the high base a year ago.

January 17, 2013

STRABAG Postpones Investments in Offshore Wind

Investments of several hundred million euros shelved. Strabag refers to the “uncertain legal situation in German offshore wind sector”.

January 15, 2013

Slovakia: Turnover Development Positive

Today, the Slovak Statistical Office has published the turnover figures in selected sectors of economy in November 2012.

January 12, 2013

Bulgaria: Industrial Output Declines

In October industrial production shrank on an annual basis (by 1.5%) for the second consecutive month. At the same time, manufacturing output marked an increase. Construction output continued expanding.

January 11, 2013

Slovakia: Construction Production Decreases Sharply

In November 2012, construction output decreased, year-on-year, by 13,4 % to EUR 479 million. After seasonal adjustment, it was lower by 0,4 % compared with October 2012.

January 11, 2013

Czech Construction Output on the Fall

In November 2012 the construction output fell by 2.7%, year-on-year (y-o-y), in real terms.

January 7, 2013

CESEE: Construction Industry Shrinks Further

The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.

January 5, 2013

Alpine: New Management Under Pressure

The Austrian construction company fights for survival. At the beginning of January, the management has to present a restructuring package.

December 29, 2012

Austrian Construction Industry Grows

Output of construction of buildings and civil engineering increased by 6.6% from January until September 2012. The order volume was up by 3.4%.

December 28, 2012

Czech Republic: Overall Confidence in Economy on the Rise

Overall confidence in domestic economy increased in December. The composite confidence indicator (economic sentiment indicator) increased by 1.1 points compared to November.

December 27, 2012

Alpine to Cut a Third of its Workforce

The Austrian financially stricken construction company has to implement radical restructuring measures.

December 21, 2012

Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line

The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400m with a consortium of banks.

December 21, 2012

Decreasing Production Output in Slovenia and Slovakia

October 2012 compared with September 2012: Euro area production in construction down by 1.6%.

December 19, 2012

Hungary: Construction Output Increased by 1.4%

In October 2012, construction increased by 1.4% in output year-on-year. Within this, the construction of buildings decreased by 0.3% and that of civil engineering works grew by 2.7%.

December 17, 2012

Strabag SE Appoints Christian Harder as CFO

Managing Director of STRABAG SE subsidiary BRVZ to join management board of STRABAG SE effective 1 January 2013. Appointment of Thomas Birtel as Deputy CEO.

December 17, 2012

Slovak Construction Shows Strong Growth

In October, construction output decreased, year-on-year, by 11 % to EUR 484 million. After seasonal adjustment, it increased by 1 % compared with September 2012.

December 10, 2012

Czech Construction Output Decreases

In October 2012 the construction output decreased by 4.3%, year-on-year (y-o-y), in real terms. Even a higher number of working days has not stopped the decline in construction output.

December 10, 2012

Austrian Industrial Sector Expands

Positive production trends in industry and construction in August 2012; turnover +3.9%. Output of construction of buildings and civil engineering increased by 6.3% from January until August 2012.

November 30, 2012

Strabag: Losses Ahead

Next Friday, the Austrian construction group presents its results for the first nine months of 2012.

November 28, 2012

Czech Republic: Overall confidence in economy decreased

The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.

November 26, 2012

Porr: Renaissance Group to Enlarge its Interest

The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.

November 23, 2012

Porr: Shareholder Structure to Change

The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.

November 22, 2012

Hungarian Construction Industry Performs Well

In September 2012, construction increased by 6.8% in output year-on-year. The construction of buildings rose by 4.2% and that of civil engineering works grew by 9.4%.

November 20, 2012
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