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Germany
Henkel CEE Achieves Stable Results
The Vienna based CEE-headquarters of the German Henkel Group raised sales by 7.2% in 2011.
March 8, 2012
Tax Treaty: Conflict with EU
The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.
March 7, 2012
Razzia at Rewe Austria Continues
Investigators announced to have found substantial evidence at Rewe Austria, which is suspected of having made price agreements.
March 3, 2012
AUA´s Insolvency Becomes More Probable
German newspapers report that Lufthansa could establish a new Austrian airline company. AUA could be left then.
March 2, 2012
Board Member Bierwirth Leaves AUA
Andreas Bierwirth, member auf Austrian Airline´s management board, will exit. It is supposed that the austerity package caused controversies within AUA´s management.
March 2, 2012
Schlecker Closes Branches
The insolvent German chemist chain shuts down the half of its branches in Germany. In Austria, inprofitable shops will be closed.
March 1, 2012
AUA Delays Extraordinary Supervisory Board Meeting
AUA´s management has not reached a compromise with its staff yet. As a new collective agreement is still missing, the supervisory board meeting has been postponed by March 13.
March 1, 2012
Banking Industry As „Cash Cow“?
For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.
February 29, 2012
Rewe Suspected of Price Arrangements
The Austrian Federal Competition Authority (BWB) suspects Rewe Group for having made price arrangements with competitors and suppliers.
February 28, 2012
Tyrol Equity Takes over Rim Producer BBS
The Austrian industrial hold, owned by Raiffeisen, Hypo Tyrol and Swarovski, acquired the insolvent German rim producer BBS.
February 27, 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
Austria: Low Attractiveness as Research Location
According to a study among European scientists, Austria loses its reputation. The most attractive destination is the U.S.
February 27, 2012
Significant Increase in Austrian Steel Exports to U.S.
U.S. Steel Imports are rising substantially, prices are on the fall. Austrian suppliers could raise their share.
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
Decision on Nabucco Again Postponed
The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.
February 24, 2012
Siemens Austria Has Growth Targets
The Austrian subsidiary of the German Siemens Group builds a new factory at the Viennese sub-headquarters.
February 24, 2012
T-Mobile Austria Records Declining Results
The Austrian subsidiary of the German telecommunication group registered a decrease in EBITDA by 10.6%. Sales were down by 6.0%.
February 23, 2012
Austria Will Not Get „AAA“ Back in Near Future
The economist at the German Deka bank, Ulrich Kater, does not think that Austria will be upgraded within the next years.
February 22, 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
Lower Sales at Rosenbauer
The Austrian producer of fire fighting vehicles registered a 9% decrease in revenues. EBIT was down by 17%, order intake was up by 66%. Basic capacity utilization secured until 2014.
February 22, 2012
All-Clear for Opel Site in Vienna
Although the German automobile producer faces serious troubles, the Viennese factory is not endangered to cut jobs.
February 21, 2012
Nabucco Still Competes For Gas in Azerbaijan
The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.
February 21, 2012
AUA: Time Pressure Grows
Only eight days are left for the management of Austrian Airlines to agree on a new collective agreement with the employees. An acceptable solution for both sides may be barely found.
February 21, 2012
Resch Exceeds € 100m Sales
The Austrian bakery producer Resch & Frisch could record € 100m in sales last year. For 2012, sales of 105m are planned.
February 21, 2012
Market for Solar Power Shrinks
The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.
February 20, 2012
AUA Attempts to Prevent FlyNiki to Approach Tel Aviv
Austrian Airlines files a complaint against FlyNiki at the Austrian
February 18, 2012
German Justice Puts Pressure on Former Hypo Group Executives
In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.
February 18, 2012
Strabag Exceeds Forecasts
The Austrian construction company recorded a construction volume of € 14.3bn in 2011. For 2012, stable results are expected.
February 18, 2012
AUA: Atmosphere on the Brink
Austrian Airlines is endangered to face persisting disputes. The conflict between the management and the works council sharpened further.
February 17, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
Slight Sales Increase at Internorm
The Austrian window manufacturer recorded sales of € 311m in 2011, which is a rise of 2.0% against 2010. Exports to Germany grew disproportionately high.
February 16, 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
CA Immo: PwC Leased Additional Space in Frankfurt's Tower 185
Space leased of Frankfurt´s tower 185 increased to 75%. The consulting company leased another 2,800m2.
February 16, 2012
Austerity Package Brings Burden of € 900m for Companies
The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.
February 14, 2012
AUA to Withdraw from Mumbai
Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.
February 13, 2012
Rising Profits and Sales at Fabasoft
The Austrian software producer announces preliminary figures for the first nine months of the fiscal year 2011/2012.
February 13, 2012
Illegal Income from Switzerland Should Support Government´s Plans
The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.
February 13, 2012
Massive Increase in Energy Consumption
Austrian power plants are running at full speed. Energy supply was up by 14% last week.
February 11, 2012
A-Tec´s Quota to Reach 30%
In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.
February 10, 2012
Schlumberger Records Rise in Earnings
In spite of difficult market conditions, the Austrian sparkling wine producer holds on its ambitious growth targets. Exports should be reinforced.
February 10, 2012
Lufthansa to Bundle Operations
In order to achieve the austerity targets, Lufthansa centralizes operations. Austrian Airlines is highly affected.
February 10, 2012
Shortage in Energy Supply: Austria Helps Germany Out
In Germany, wind power plants record a decrease in energy production. German energy suppliers called for Austrian electricity.
February 9, 2012
AUA to be Re-Sold?
Rumors on Austrian Airlines do not end. A sale by Lufhansa is discussed, even the insolvency is not excluded.
February 9, 2012
Moderate Rise in Passengers at AUA
Austrian Airlines traffic result for January 2012: 7.1 percent increase in Passenger Volume. European traffic rose slightly stronger.
February 9, 2012
Schlecker: „Austria Remains Independent“
The insolvent German chemist chain underlines that ist Austrian subsidiary is „definitively not affected“ by the insolvency proceedings.
February 9, 2012
Magna Steyr Builds Mercedes Until 2020
The contract between the German Daimler Group and the Austrian automotive supplier has been extended. However, Magna had to make concessions.
February 8, 2012
Vorarlberg Invests Massively in Renewable Energy
The Austrian province aims for enlarging renewable energy production together with the South-German energy group EnBW. Investments total € 600m.
February 7, 2012
Innovation Index: Austria Falls Behind
Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.
February 7, 2012
Zielpunkt Gets New Owner
MBO at the Austrian supermarket chain: CEO Jan Satek takes over the company and wants to focus on local supply.
February 7, 2012
Alpine Received Major Order from Germany
The Austrian construction company was awarded for the construction of a motorway bridge in Germany with an order value of € 32m.
February 7, 2012
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