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Austrian FDI Recovered Slightly in 2009
The value of Austrian investments abroad grew by 6% in 2009 and amounted to € 113bn. Companies still felt the impact of the crisis on their profits.
July 26, 2011
Siemens Boss Peter Löscher to Stay until 2017
The Austrian manager will remain CEO of the German group for another five years. His contract will be extended until 2017.
July 25, 2011
German Rail Cartel: Increasing Pressure on voestalpine
The German Federal Cartel Office made new inspections at a local subsidiary of the Austrian steel company. According to press reports, price fixing on the German rail market continued until 2011.
July 20, 2011
update software AG Returns to Profitability
The Austrian software company, which is listed on the Frankfurt Stock Exchange, is on its way back to black figures. Sales went up 29.2% in the second quarter, EBIT improved to positive earnings of € 0.2m.
July 20, 2011
Strabag Becomes Sole Shareholder of German Möbius
The Austrian construction company further expands its position in the German hydraulic engineering sector. A majority stake in Möbius had been acquired in 2007 already.
July 14, 2011
German LBBW Starts Sale of Property Portfolio – conwert Interested
An acquisition of the real estate portfolio is not affordable for the Austrian group. However, it might enter a partnership and take over the asset management.
July 13, 2011
Austria’s Exposure in Italy: € 16.5bn
Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.
July 11, 2011
Economic Report 2011: Government Surprised by Quick Recovery
Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.
July 8, 2011
Upswing in Business Location Projects
The national investment promotion agency registered a strong increase in the number of companies investing in Austria. The trend is expected to continue in 2011.
July 8, 2011
EVN Concludes Acquisition of Stake in Inn Power Plants
The Austrian electricity company purchased a 13% stake in Verbund’s hydroelectric power plants on the Inn river.
July 5, 2011
voestalpine is the Leniency Applicant in the German Rail Cartel
The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.
July 1, 2011
Wienerberger Received Green Light for Tondach Acquisition
The Austrian brick producer will transfer 50% of the shares in Bramac to Monier Group and, in exchange, receive a further 25% stake in Tondach Gleinstätten plus an additional payment.
June 30, 2011
Pfanner with Record Investment
The Austrian fruit juice and ice tea producer will make the largest investment in its history. A 5% increase in revenue is planned this year.
June 29, 2011
ACP Says No to IPO
The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.
June 27, 2011
Weak Start of Summer Season in Austrian Tourism
Tourism in May 2011: 11.6% less overnights and 7.9% less guests. The number of visitors from CEE increased strongly.
June 27, 2011
Austrian Labor Market Relatively Stable during Crisis
A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 2011
Bronze Medal for Austria’s Economy
According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.
June 21, 2011
conwert Interested in Billion-Euro Deal with LBBW
The Austrian real estate company is looking for partners to purchase the residential property portfolio of the German bank. Industry experts see a realistic chance for an acquisition.
June 20, 2011
CA Immo: Uniform Brand Appearance also in Germany
In the future, the Austrian real estate group’s German subsidiary Vivico Real Estate GmbH will operate under the brand "CA Immo".
June 20, 2011
Bilfinger Berger to Acquire Subsidiary of AE&E
The Czech subsidiary of the insolvent plant manufacturer will become part of the German construction group Bilfinger Berger.
June 20, 2011
Palmers on the Way Back to Black Figures
The Austrian lingerie group’s results are still negative due to the acquisition of Lejaby. An expansion of the Palmers brand is planned in Germany and CEE.
June 15, 2011
Nuclear Power Phase-Out Will Cost Austria € 600m
According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.
June 9, 2011
Charges against Former Board Members of BayernLB
Accusations relating to the acquisition of the Austrian Hypo Group: breach of duty, embezzlement of bank funds.
June 3, 2011
CA Immo Starts Work on Shopping Center in Frankfurt
The Austrian real estate group and its joint venture partner invest € 360m into the project. The opening will take place in fall 2013.
June 1, 2011
Wienerberger Acquires EuroCeramic
A subsidiary of the Austrian brick producer plans the takeover of Dutch-German EuroCeramic, a supplier of ceramic pipe systems.
May 25, 2011
Growing Sales at Wiesner-Hager Furniture
Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.
May 14, 2011
Declining Sales at UBM
The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.
May 13, 2011
New Inspections at voestalpine Subsidiary
The German Federal Cartel Office today made new inspections at a local subsidiary of the Austrian steel company.
May 12, 2011
Good Prospects for BDI
The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.
May 12, 2011
German IVG is also Active in Austria Now
IVG Immobilien AG (IVG), the largest German real estate fund company, acquired the Austrian Hypo Real Invest in January 2011, changing its name to IVG Austria AG, with headquarters in Vienna.
May 12, 2011
Inspections at German Subsidiary of voestalpine AG
Inspections by German Federal Cartel office at voestalpine Klöckner Bahntechnik GmbH.
May 11, 2011
Siemens Manufactures Parts for a New Train Generation in Graz
Siemens manufactures components for 130 new trains for the Deutsche Bahn (DB-German Railways) until 2030 in Graz. The contract is worth € 6.0bn.
May 11, 2011
Bosch Group Continues Growing in Austria
Bosch has had a good start in Austria in its anniversary year 2011 and continues having favorable growth prospects. Sales rose by 9%.
May 11, 2011
Profit Decline for C-Quadrat
Strong increase in management fees from € 7.6 m to € 11.5 m (+52 %). Net profit amounts to € 1.0 m.
May 9, 2011
Infineon Makes an Investment for € 200m in Austria
The German technology group has announced that it intends to create 400 new jobs in Austria. The semiconductor production is to be expanded.
May 7, 2011
BDI Receives Major Order in Germany
Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.
May 6, 2011
Austrian Airlines Cannot Achieve Turnaround
The Austrian Airlines, which is in a restructuring process, is still deep in the red. In the first quarter of 2011, operating losses amounted to € 63.5m.
May 5, 2011
Austria's Current Account: Net Income 2.7% of the GDP
Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.
May 5, 2011
Austrian Tourism: Small Decrease in Overnights
Current tourism winter season 2010/11: Overnights decreased slightly by 0.9% - rise in overnights in March by 2.7%.
April 29, 2011
Revenue Growth by 30% for Quanmax
In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.
April 28, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Sales Increase for Plaut
Plaut Aktiengesellschaft, which is listed on the General Standard segment of Frankfurt Stock Exchange announces a significant growth in sales as well as profits.
April 28, 2011
Windtner Pleads for expansion of Electricity Grids
The CEO of Energie AG considers that an energy revolution is about to happen in an interview with the newspaper "Kurier". The relevance of electric vehicles is expected to grow slowly but steadily.
April 26, 2011
Trenkwalder Gets Fresh Capital with Droege Capital
German Droege Capital GmbH acquires the majority stake in the Austrian employment agency Trenkwalder International AG.
April 23, 2011
Eastern Europe as Growing Market for Austrian Wine Exports
Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.
April 23, 2011
It is Official: T-Mobile and Orange Launch Network Cooperation
The German and French telecom companies expect to save € 60m. The network coverage is to increase by 10%.
April 22, 2011
Overnight Stays Record for Vienna in March: +3.3%
This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.
April 21, 2011
Record Results for Arcotel Hotel
ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.
April 20, 2011
OMV: German Refinery to be Converted
Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.
April 19, 2011
Losses for update software AG
The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.
April 19, 2011
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