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Juncker´s Succession: Faymann Out of the Race
The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.
December 6, 2012
Faymann as Juncker´s Successor?
Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.
December 4, 2012
Austria and France Develop European Alpine Strategy
Austria´s State Secretary Lopatka discussed current issues of European policy with Minister of European Affairs Cazeneuve and Minister of Development Cooperation Canfin in Paris on 23 November
November 27, 2012
Support for Financial Transaction Tax Keeps Within Limits
In order to introduce the tax, nine countries must agree thereon. The time pressure is growing.
October 6, 2012
Financial Transaction Tax: Austrian Government Under Pressure
In its last austerity package, the Austrian government has anticipated a financial transaction tax to be introduced in 2014. The time pressure is growing.
October 2, 2012
Fekter Promotes Financial Transaction Tax
The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.
October 1, 2012
Public Debt: New EU Members Are More Flexible
Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
September 24, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Tusk: Good Prospects to Become Head of EU Commission
According to the German magazine “Der Spiegel”, the Polish Prime Minister Donald Tusk is considered as favorite candidate for the next President of the EU Commission.
September 11, 2012
Euro-Crisis Enters Austria
In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.
September 10, 2012
Moody´s to Watch Austria Carefully
After the U.S. rating agency has lowered the outlook for the AAA-countries Germany, Netherlands and Luxembourg, Austria´s rating will be checked thoroughly.
July 24, 2012
Iveco Shuts Down Austrian Factory
Fiat´s Subsidiary Iveco plans to close five factories in Europe. In total, 1,075 workers will be laid off. In Austria, 110 workers are affected.
July 2, 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
Euro-Crisis Continues
According to RCB, the factional dispute between Germany and France decisive for the eurozone. An easing of the situation is not expected.
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
Fekter Promotes Financial Transaction Tax
There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.
June 23, 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
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 31, 2012
Fekter: Hollande´s Suggestions are “Nonsense”
Vice-Chancellor Spindelegger and Finance Minister Fekter are strictly against the introduction of Eurobonds and any amendments of the Fiscal Treaty.
May 22, 2012
Greece: „The Markets were too Euphoric“
In an interview with the Austrian newspaper “Standard”, the Austrian analyst Friedrich Mostböck thinks that the European debt crisis will remain a major challenge.
May 7, 2012
Verbund Wants to Leave France
After the sale of its stake in Poweo, the Austrian energy company intends to sell the remaining gas power plants in France.
May 5, 2012
Hervis Cooperates with Frenche Go Sport Group
The Austrian and the French sports traders establish the joint venture “Sports Trade & Marketing International”.
May 2, 2012
Business Insolvencies Expected to Increase
After two years of decreasing business insolvencies, the Austrian economy faces a rising number of business insolvencies again.
April 26, 2012
Verbund Focuses Investments on Austria
The Austrian energy company plans investments of € 2.4bn in the next five years. About 66% of these investments will be made in Austria.
April 12, 2012
EStAG Reports Moderate Rise in Earnings
The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.
March 30, 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
Austrian Exports to France Exceed € 5.0bn
In 2011, Austrian exports to France were up by 10.2%. France remains one of Austria´s most important trading partners.
March 28, 2012
Losses at Verbund´s French Subsidiary Poweo
With consolidated revenue totalling € 503.4m, down 27.7%, the Group ended the year with a net loss of € 63.4m, due mainly to losses at the generation business and various write-downs
March 23, 2012
Verbund Faces Competition from Russia
The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.
March 20, 2012
Austrian Government Holds on Financial Transaction Tax
In spite of discordance at the EU-level, the Austrian government is convinced to impose taxes on financial transactions by 2014.
March 17, 2012
French and Austrian Automobile Clusters to Cooperate Closer
A delegation of French automobile companies will be received in Graz in order to intensify technologic cooperation.
March 2, 2012
Kapsch TrafficCom with Contract Award in France
Kapsch TrafficCom AG listed on the Vienna Stock Exchange in the prime market segment, reports a contract award in France worth more than € 25m.
March 2, 2012
Verbund Reports Mixed Results
The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.
February 29, 2012
Atos Keeps Vienna as CEE Headquarters
After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.
February 27, 2012
Hutchinson-Orange Merger: T-Mobile Becomes Impatient
T-Mobile Austria, a subsidiary of Deutsche Telekom puts pressure on the Austrian Competition Authority. The merger must include a number of requirements.
February 25, 2012
Orange-Deal: Additional Contribution Threatens
France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.
February 22, 2012
Air France to Enlarge Operations in Austria
The loss-making airline is under enormous growth pressure and reorganizes itself. Austria is seen as growth market.
February 16, 2012
„3“ Wants to Retain „Aggressive Competition“
The Hong Kong-based Hutchinson Whampoa Group, which operates the telecommunication service supplier “3” in Austria, took over the competitor “Orange”. However, “3” keeps its “aggressive” style.
February 4, 2012
Hutchinson Takes Over Orange
The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.
February 3, 2012 · Updated: February 3, 2012; 13:23
Borealis Acquired PEC-Rhin S.A. from GPN
The Austrian producer of synthetic products took over French PEC-Rhin S.A. A price was not announced.
February 1, 2012
Hutchinson Acquired Orange
The Chinese telecommunication operator takes over Frenche Orange. The acquisition price totals € 1.0bn.
January 14, 2012
Palmers-Subsidiary Lejaby Under Pressure
A French court opened insolvency proceedings on the subsidiary of the Austrian clothing company.
December 22, 2011
Airport Zagreb: Strabag Not Awarded
Two offers for were submitted for the enlargement of Zagreb Airport. Strabag´s offer has been rejected.
December 13, 2011
Orange-Sale to Chinese Hutchinson Uncertain
The sale of the Austrian subsidiary of France Télécom is not fixed yet. Negotiations already run for four months.
December 12, 2011
La Redoute Leaves Austria
The French owner Redcats decided to close the Salzburg-located branch. The French group has to restructure.
December 8, 2011
Borealis to Acquire French Fertilizer Producer
The Austrian chemical company has made an offer to take over PEC-Rhin in its entirety.
November 25, 2011
bet-at-home.com Continues Growth Course
Gross gaming revenue rose by 10.6% to € 53.23m. Group results declined drastically, however.
November 21, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Palmers to be Sold
The owner of the Austrian clothing company are looking for potential buyers. The French subsidiary Lejaby however, is not for sale.
October 25, 2011
UniCredit and Raiffeisen to Expand in Russia
The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.
October 4, 2011
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