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Economic Growth

OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"

The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.

February 17, 2011

Economic Indicator: 2011 Brings More Dynamism to Austria's Economy

Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.

February 17, 2011

Economic Growth Decreased Slightly in the 4th Quarter of 2010

The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.

February 16, 2011

Industrial Activity: Styria above Austrian Average

The economic barometer of the Styrian manufacturing industry is above the average of the federal provinces for the fourth consecutive year. Optimism for 2011 is increasing.

February 15, 2011

Strong Sales Forecast for BWT

The Austrian water technology specialist counts on large sales growth rates for 2010 and 2011.

February 11, 2011

Sustained Growth

International economic recovery continues in early 2011. The WIFO business survey also indicates sustained growth for Austria.

February 10, 2011

Results of the Crisis: Austria in 14th Place Among 37 Countries

Austria is one of the five EU countries least affected by the global crisis.

February 10, 2011

Business Climate Improves in Eastern Europe

According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.

February 9, 2011

150 New Bank Austria Branches in Eastern Europe

The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.

February 9, 2011

Manpower Austria Increased Sales

The sales of the U.S. services group Manpower increased last year by 54% to € 130m in Austria.

February 8, 2011

RBI Faces an Increase in Equity

The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.

February 8, 2011

Manufacturing Industry on the Rise

The economic barometer of the Federation of Austrian Industries (IV) grows. Production increase and stable employment are expected.

February 4, 2011

Swarovski plans to grow again

The traditional Tyrolean company intends to increase its sales by 10% after three difficult years.

February 1, 2011

Austria's Growth Remains Dependent on Exports

The Austrian GDP will grow in real terms, according to WIFO, at an annual average of 2.2% per year between 2011-2015. The unemployment rate is expected to stagnate.

January 25, 2011

Slight Slowdown of Austria’s Economy

According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.

January 22, 2011

Record Results for Red Bull

The Austrian producer of energy drinks reached its best results ever in 2010 thanks to the markets in Turkey, Japan and Brazil.

January 22, 2011

Generali Austria: Optimism for 2011

The Italian insurance company shows itself satisfied with the previous year's results in Austria and looks forward to 2011 with confidence.

January 21, 2011

Bank Austria: Bank of Moscow is No Longer an Issue

Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.

January 20, 2011

Reform Backlog Prevents Austria Being a Success Model

The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.

January 19, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Poland is a Big Opportunity for Austria's Export Economy

The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.

January 15, 2011

AMS Expects Marked Relaxation of the Labor Market by 2013

The Arbeitsmarktservice (AMS, Labor Market Service) foresees a significant increase in labor supply on the Austrian labor market. Unemployment will stagnate.

January 15, 2011

AUA and Flyniki: Passenger Growth

Austrian Airlines increased its number of passengers by 9.7% in 2010; Flyniki achieved an increase of 29%.

January 13, 2011

WKÖ endorses policy of the European Commission

The Austrian Economic Chamber welcomes the focus of the EU Commission on structural reforms, consolidation of public finances and competitiveness.

January 13, 2011

Austrian Regional GDP Growth: Upper Austria Quotes Statistics

Gross regional product 2008: Upper and Lower Austria reached a nominal growth rate clearly above the national average

January 13, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

CA Immo Expects Sharp Rise in Earnings

After a major expansion, the Vienna-based real estate company´s assets stand at above € 5.0bn. The annual growth rate has exceeded 30% since 2005.

January 12, 2011

CEE: Raiffeisen Remains Optimistic

The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.

January 12, 2011

Telekom Austria: New Acquisitions in Croatia?

The signs of Telekom Austria’s efforts to expand in Croatia are getting more evident. The group is being discrete however.

January 12, 2011

Insolvencies decline in Austria

Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.

January 11, 2011

WIFO and IHS Foresee Economic Weakness

The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.

January 5, 2011

Immofinanz Acquires 49% in EHL

The Austrian real estate companies Immofinanz and EHL Immobilien GmbH agree to long-term cooperation.

January 4, 2011

Leitl Urges Implementation of Reform Plans

The President of the Austrian Economic Chamber shows himself pleased by the economic data 2010 and urges the continuation of educational and administrative reforms.

January 3, 2011

Austrian Industry Remains on Growth Course

Bank Austria Purchasing Managers’ Index down slightly in November, but strong growth persists. Order intake increased as well as employment.

January 1, 2011

Austria's Material Goods Production Increases Massively

The production trend in the manufacturing and construction industry shows a positive effect in September 2010. Sales increased by 10.3%.

December 31, 2010

Nowotny Calls for Consistent Budget Consolidation

The Governor of the OeNB draws balance at the end of the year and gives his outlook on the challenges for 2011

December 30, 2010

Good Prospects for Austrian Exports

The outlook for 2010 is favorable after the sharp decline of Austrian goods exports in the crisis year 2009 (-20.2%), .

December 29, 2010

Profits Increase for Banks in Austria

The profitability in the first three quarters of 2010 of Austrian banks shows continued strong growth.

December 29, 2010

Raiffeisen Foresees a Weak Decade for Europe

RLB Niederösterreich-Wien expects hardly any economic growth, particularly in the euro countries. Austria is however relatively well positioned.

December 28, 2010

Generali Money Study: What Austrians Will Spend their Money on in 2011

More money will be spent on vacations, housing and sports. Propensity to consume is higher in men.

December 27, 2010

Analysts Predict Good Year for ATX

According to analysts, the Vienna Stock Exchange will experience a favourable performance in 2011. However, 2011 won´t surpass 2010.

December 27, 2010

Good Prospects for the Vienna Stock Exchange

According to the analysts, the upward trend due to good economic data and corporate earnings on the Vienna Stock Exchange will continue.

December 22, 2010

Leitl: Municipal Financial Problems Act as Growth Brake

The President of the Austrian Federal Economic Chamber (WKÖ), Christoph Leitl, demands greater spending efficiency in the public sector in order to improve municipal finances.

December 22, 2010

BWT Speeds up Investment

BWT, an Austrian leader in water technology, is starting an extensive investment programme into brand and infrastructure.

December 22, 2010

WIFO: Economic boom persists, but also risks

The export-driven boom of the Austrian economy continues. Growth will however slow down in the first half of 2011.

December 20, 2010

Bank Austria´s Economic Analysis: 2% Growth in 2011

The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.

December 16, 2010

Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011

Strong exports and government stimulus programs enabled growth. Despite public savings constraint, Allianz expects further upward trends.

December 15, 2010

Growth Trends in Austria's Insurance Industry

The FMA report for the 3rd quarter of 2010 indicates a light growth trend for the Austrian insurance industry.

December 15, 2010

Economic Chamber: Positive Outlook for 2011

The Business Barometer presents both opportunities and risks for the Austrian economy. Shortage of skills and low investment continue being weak points.

December 13, 2010

WIFO: Austrian Manufacturing Industry in Good Position

The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.

December 10, 2010
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