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Germany
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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
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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
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"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
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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
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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
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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
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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
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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
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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