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Economic Growth
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
Voestalpine: Doubling of Sales in Five Years
By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.
December 6, 2010
Triple-A Rating: Treichl vs. Nowotny
The Chairman of the Erste Group is not convinced anymore by Austria's financial policy; the Governor of the National Bank however, still stands on "AAA".
December 3, 2010
Stable Recovery of Austrian Economy
The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.
December 3, 2010
Equity Requirements of Austrian Banks are € 18 billion
Due to the new Basel III regulations, Austrian banks will need a much stronger capital base by 2019. The estimation is € 15 billion to € 18 billion.
December 2, 2010
Austria's Position in the CEE Region Shakes
According to the Roland Berger consultancy agency, Austria receives not only competition in the CEE countries, but the importance of the region also decreases from a global viewpoint.
December 1, 2010
Growth Trend in Austrian Advertising Market
After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.
December 1, 2010
Carinthia Back on Growth Path
A business survey in Carinthia showed an increasingly positive image. Optimism is rising.
November 30, 2010
EU Growth Forecast: Austria Slightly Over Average
The EU Commission has revised its growth forecast for 2011 slightly upwards. Austria stays at 1.7% in the above average area.
November 30, 2010
Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria
Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.
November 29, 2010
WIFO: Budget Consolidation in the EU is Not Sustainable
WIFO criticizes the consolidation programs of the individual EU countries for being easily enforceable, but containing hardly any sustainable measures.
November 29, 2010
Verbund Completes its € 1bn Capital Increase
Vienna Stock Exchange listed Verbund AG successfully completed its capital increase and placed 39,215,686 new shares.
November 26, 2010
WKÖ’s Secretary General Advocates for Educational and Administrative Reform
Young people have to be trained practically to meet the challenges of the future. An administrative reform should not be foregone, said Hochhauser.
November 25, 2010
Leitl Vehemently Asks the Government for Structural Reforms
The President of the Austrian Economic Chamber (WK), Christoph Leitl, call on the government for location and future investments.
November 25, 2010
Europe's Public Debt and Unemployment Remain High
Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.
November 25, 2010
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
Tann Paper Opens Factory in Russia
The Upper-Austrian company makes its initial step in Russia. Further investments are possible.
November 23, 2010
Volksbanken Group Announces Q3 Results
Österreichische Volksbanken-AG Group (VBAG) returns on a positive growth path. The turnaround has been successfully completed.
November 22, 2010
BKS and BTV Show Profit Growth
The two sister banks report strong profits. Expectations are cautiously optimistic.
November 22, 2010
CEE: Catch-Up Process Starts Again
After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.
November 22, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
Rosenbauer Group Announces Q1-Q3 2010 Results
Revenues rose by 9.6%, EBIT is 22.4% above the level of 1-9/2009.
November 19, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey
UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 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
Study: Agricultural Subsidies Produce No Growth
The Austrian Institute of Economic Research has determined that growth in the Austrian regions is accelerated by EU regional promotional financing, but not by agricultural subsidies.
November 18, 2010
Voestalpine Announces Q1-Q3 2010 Results
Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales
November 18, 2010
Linz Textil Announces Q1-Q3 2010 Results
The textile group was able to attain a sales increase of 20% and also a significant increase in earnings.
November 18, 2010
Junge Industrie Wien: Explosive Generational Balance Study
Junge Industrie Wien calls for "courageous steps". The credo is future investments instead of transfer payments.
November 17, 2010
Oberbank Announces Results for Third Quarter 2010
Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.
November 16, 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
OeNB Governor Nowotny "During the Crisis, the Euro Acted as a Protection Shield Beyond the Euro Area"
The Governor of the Austrian National Bank, Ewald Nowotny warns to fiscal discipline and talks about economic challenges and opportunities in Europe.
November 15, 2010
Ottakringer Expands
After restructuring, the Vienna beer and mineral water producer plans to grow through acquisitions.
November 12, 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
Strabag SE With Optimistic Outlook for 2011 and 2012
The building company expects its output volume in 2011 to amount to € 13.5bn, the EBIT in 2011 is estimated to account for € 295m.
November 10, 2010
UniCredit CEO Ghizzoni: Counting on eastern growth
The eastern business should be expanded, says Ghizzoni, CEO of the parent company of Bank Austria.
November 10, 2010
Hypo Alpe Adria: Involvement in Southeastern Europe to be maintained
The Carinthian bank intends to continue operating in the Balkans. The active involvement is justified because the region is the one with most significant growth in Europe and Hypo has the status of a systemically important bank.
November 10, 2010
OMV Announces Results of January – September 2010
Austria´s biggest company posts a strong operating performance compared to previous year.
November 10, 2010
Traffic Result of AUA for October: Significant Passenger Growth
Austrian Airlines transported 16.5 percent more passengers in scheduled service than in same month last year. Load factor in October rises to 81 percent.
November 9, 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
Heinzel Group: Unrestricted Expansion
This year, the Austrian paper group expects a turnover of 650 million euro; in 2011 the billion mark will be exceeded.
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
Andritz: Favorable Development in the First Three Quarters
Technology Group ANDRITZ showed a favorable business development in the first three quarters of 2010. Sales, earnings and profitability rose substantially.
November 8, 2010
Polytec Group Continues Upward Trend
The Upper-Austrian automotive component supplier is able to record rising earnings also in Q3 2010.
November 3, 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
RHI: New Boss Wants to Double Profits by 2015
RHI pursues ambitious growth plans. Higher sales and profits are to be generated mainly through expansion in emerging markets.
October 29, 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
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