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Wienerwald Grows Again
The restaurant chain is expected to start growing again after a long crisis. Investments worth € 20m are planned for the current year.
March 4, 2011
Economic Policy: Criticism of Berlin, Praise for Vienna
The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.
March 4, 2011
Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
March 4, 2011
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Optimism in Austria's Creative Industries
Creatives wish to go new ways to support SMEs with creative services. The economic and technical network is to be intensified.
March 3, 2011
Tourism: Trend for High-Price Segment Continues
Austria's tourism industry shows itself satisfied with the current winter season. Guests come increasingly from Eastern Europe.
March 3, 2011
Takeover of the Austrian Porsche Holding
The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.
March 1, 2011
Stable Sales for Rewe Austria
The German food retail group was able to increase its sales moderately last year. The number of employees has increased.
February 26, 2011
Henkel CEE grows in Eastern Europe
The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.
February 26, 2011
Record Sales for Würth Austria
The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations
February 22, 2011
Still Losses at Brain Force
The Austrian IT provider announces massively declining operating results in the first quarter 2010/11. Sales decreased by 19%.
February 17, 2011
Lopatka Demands Structural Reforms and Budgetary Discipline
The State Secretary for Finance at the German-Austrian Financial and Economic Forum.
February 11, 2011
Rosenbauer: Settlement with German Cartel Office
Anti-trust proceedings of the Austrian Rosenbauer AG end with official notice of € 10.5m fine.
February 11, 2011
Sales Increase at Darbo
The Austrian jam manufacturer increased its sales by 5% in 2010. Already 42% go to exports.
February 5, 2011
Below Average Privatization in Austria, according to ECEG
Regarding privatizations, Austria is still far behind, according to the European Coalition for Economic Growth (ECEG).
February 4, 2011
Rising Sales at Internorm
The Upper Austrian window manufacturer increased its sales by 2% in 2010. Despite domestic sales falling, exports are growing all the better.
February 3, 2011
Wienerberger Raises Stake in Tondach Gleinstätten
Wienerberger transfers 50% of Bramac to Monier in exchange for an additional 25% stake in Tondach Gleinstätten AG and a cash settlement of € 40m.
February 2, 2011
Refunding at S&T Accepted by Banks
The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.
February 1, 2011
Engel Expands in China
Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.
February 1, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Record Sales for BMW Austria
The German car manufacturer was able to set a new sales record in Austria last year. The engine plant also reports record sales.
January 27, 2011
Slight Upward Trend in Austrian Tourism
Tourism in 2010: 0.4% more overnights; all-time-high in number of arrivals.
January 27, 2011
Germany: Largest Investor in Austria
Based on the number of new companies settling in Austria, Germany is the largest investor. More than 40% of the new arrivals come from the northern neighbor.
January 25, 2011
Austria's Agricultural Exports Grow
Agricultural exports were able to recover, but have not reached yet the 2008 level.
January 22, 2011
EnBW Intends to Expand Engagement in Austria
The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011
Tax Treaty between Austria and Germany
Austria and Germany sign a revision protocol on double taxation agreements to implement the OECD standards of transparency and effective exchange of information.
January 19, 2011
Slight Decline in Furniture Exports
Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.
January 18, 2011
A-Tec Sells Subsidiary in Germany
Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011
Austria's Competitiveness Increases Slightly
Austria rose one place, to the 21st, in the ranking of the most liberal economies.
January 14, 2011
Growth in Austria's Foreign Trade and Direct Investment
Austria's goods, services and capital transactions abroad grow strongly, a sign of solid recovery.
January 13, 2011
Immofinanz: Record Letting Results for German Subsidiary
The Austrian Real Estate Group benefits from the upswing in the German property market.
January 12, 2011
S&T announces to withdraw from Germany
The Austrian information technology consulter S&T withdraws from the German market. Hence the German subsidiary „S&T Deutschland GmbH“ will be closed.
January 10, 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
Secret Foundation of BayernLB in Austria
In the hearings on the purchase of Austria's Hypo Group, a former Member of the Board of BayernLB concealed the existence of a foundation in Austria.
January 3, 2011
Tourists from Russia Increase
The number of Russian guests in Austria continues on the rise. A double-digit growth might even be possible again.
December 28, 2010
Austria's Export Economy is Booming
Given the high growth rates in the past year, the Austrian export economy shows itself also optimistic for 2011.
December 22, 2010
Order for Over € 100m for Voestalpine
The Austrian steel company receives an order for over € 100m by Daimler Trucks.
December 20, 2010
JCL Logistics and Rail Cargo Austria Step into Strategic Alliance
Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.
December 15, 2010
Bene Still Reports Losses
The Austrian manufacturer of office furniture reports an increase in sales by 10.2% in Q3 2010. Sales in Germany dropped by 18.5%. UK market perfomed well.
December 15, 2010
Austria Benefits from Low Loan Interest Rates
Because of low interest rates and spreads, Austria is able to get convenient financing on the loan market. Euro-bonds would mean significant costs for Austria.
December 13, 2010
Nowotny: No Euro-bonds Yet
Although he supports the euro-bonds in principle, the time has not come yet for the Governor of the Austrian National Bank.
December 10, 2010
Austrian Resistance Against Euro Bonds
Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.
December 8, 2010
Strong Growth in Foreign Trade
In the first nine months, Austria imported goods for € 82.45bn (+14.8%). Exports increased by 5.8% to € 79.69bn.
December 8, 2010
Nowotny Pleads for Euro-Bonds
The governor of the Austrian National Bank, Ewald Nowotny, is for the introduction of euro-bonds. Germany’s resistance is pre-programmed.
December 6, 2010
Stuttgart21: Strabag and Porr Hope for Major Project
The two Austrain building companies, Strabag and Porr, are struggeling for the disputed major infrastructure project in Germany, Stuttgart 21.
December 2, 2010
Massive Lay Offs at Hypo Group
The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.
November 30, 2010
Encouraging Development of Austrian Tourism
The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.
November 24, 2010
OMV Sells 56 Gas Stations to PKN Orlen
56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.
November 19, 2010
Austria's Exposure in Ireland: 3.4 Billion Euro
Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.
November 15, 2010
ATX: Institutional Investors Remain a Central Component
According to a study from Ipreo, especially Anglo American institutional investors are involved in ATX companies in addition to Austrian investors.
November 15, 2010
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