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EU Subcommittee of the Austrian Parliament Discussed on Future EU Economic Policies
The EU Subcommittee of the Austrian Parliament discussed future EU economic policy. The topics of artificial intelligence, digitalization, EU trade policy, the update of the EU industrial strategy of 2020 and the modernization of competition law.
April 20, 2022
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Ukraine Crisis: Potential Impact of Russian Invasion on Ukrainian, Russian and EU Economies
The solution of the Russian aggression and violation of rights towards Ukraine, is of central importance for the world we want to live in. The Vienna Institute for International Economic Studies (WIIW) conducted a study on the potential economic impacts of a Russian invasion of Ukraine. Read their prediction for how an invasion would affect the economies of the EU, Russia, and Ukraine.
February 8, 2022 · Updated: February 11, 2022; 08:35
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Economics Minister Schramböck Calls EU Chips Act "An opportunity for Europe"
The European Commission has unveiled its draft for the European Chips Act. Read about the Chips Act and why Economics Minister Schramböck called it "an opportunity for Europe."
February 8, 2022
Expo 2020 Dubai: Austria's Youth Showcase Their Innovation
The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.
January 27, 2022
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Infineon Opened €1.6 Billion High-tech Chip Factory in Villach
After three years of planning and construction and a € 1.6 billion price tag, Infineon Technologies AG finally opened its new high-tech chip factory in Villach, Austria. Read more about the new factory, the chips produced there, and what Infineon does.
October 20, 2021
1.8 Million Euro Seed Funding for Austrian Crypto Investment Start-up
The cryptocurrency investment start-up Coinpanion is receiving € 1.8 million in seed investments from well-known investors in Austria and Germany. The lead investor is the German High-Tech Gründerfonds (HTGF), one of the most active venture capital funds on the European market. Read more about the start-up and those investing in it.
September 2, 2021
Economic Opportunity: Malaysian-Austrian Joint Statement on Cooperation
Malaysian Minister of International Trade and Industry Mohamed Azmin Ali met with the Austrian Minister of the Economy Margarete Schramböck. The pair discussed cooperation in the high-tech industry, education and more. The two ministers also signed a joint statement, affirming Malaysia and Austria's intention of further economic cooperation.
August 3, 2021
Siemens to Cut 1,000 Jobs in Austria?
No official figures were disclosed. However, there are “programs”, which have to be negotiated with employees, according to a spokesman.
May 24, 2013
Siemens Austria: Dividends Reach € 750m
This year, the Austrian subsidiary of the German technology group recorded a moderate profit decrease.
December 18, 2012
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India and Austria Sign Agreement on Shipping
A Memorandum of Understanding (MoU) on Technology Cooperation in the Shipping and Ports Infrastructure was signed on Wednesday between India and Austria, IBNS reports.
October 5, 2012
Pioneers Festival 2012: Vienna is Hotspot for Innovative Companies
The place for more than 2,500 pioneers from all over the world as well as web, technology and mobile start-ups to network, present their innovations and exchange experiences.
August 29, 2012
Nokia Moves from Vienna to Budapest
The Finnish cell-phone company regroups and shifts its sub-headquarters for the CEE region from Austria to Hungary.
August 20, 2012
Pankl Performs Outstandingly
In the first six months of 2012, revenues were up by 25%, EBIT grew by 45%. Pankl announces an “excellent development of the Austrian aerospace subsidiary”.
August 20, 2012
Moderate Rise in Net Income at AT&S
The Ausstrian high-tech company AT&S reaffirms positive outlook for current financial year following modest first-quarter performance. Revenues were up by 14% and the EBITDA margin improved slightly.
July 24, 2012
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Ams: Revenue Growth Reached 66%
ams reports second quarter and first half results. EBIT was up remarkably.
July 24, 2012
AT&S: Mixed Results Expected
Next week, the Austrian producer of semiconductors will publish its first quarter results. Analysts of Erste Group and RCB (Raiffeisen Centrobank) expect a rise in net income and revenues.
July 20, 2012
Mixed Results for Kapsch TrafficCom
Strong growth continues, revenues up 42% in reporting period. However, earnings below previous year due to project delays. Net income is slightly down.
July 17, 2012
Kapsch TrafficCom: Rise in Revenues Ahead
Analysts expect the Austrian IT company to record a substantial increase in revenues. The earnings are different.
July 16, 2012
AT&S: Management Board Re-Elected
Andreas Gerstenmayer will keep his function as CEO oft he Austrian high tech company. A dividend of € 0.32 per share has been resolved.
July 6, 2012
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Stable Innovation Activity
57% of Austrian enterprises with 10 and more employees were innovation active. Innovation expenditure decreased, but the share of turnover of 1.7% remained constant.
July 5, 2012
Global Future - Expectations in Science and Technology
The Alpbach Technology Forum as part of the European Forum Alpbach is the largest platform for a research- and technology-related debate in Austria.
July 4, 2012
Austrian Companies at Semicon West
Strong presence of Austrian Companies at the biggest event for the global microelectronic industry.
July 3, 2012
Austrian Show Case „Engineering“ in Denmark
From 5. September 2012 to 6. September 2012, the Austrian consulting and engineering sector presents its knowledge and skills in Copenhagen.
June 29, 2012
Infineon to Invest € 250m in Austria
In 2012, Infineon Austria´s CEO Monika Kircher-Kohl wants to make investments of € 250m. The high tech company is already looking for new staff.
June 28, 2012
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Austria Connect Canada 2012
2nd Austria Connect Canada 2012 Conference: Intensive exchange of experiences and views in Toronto on Research and Development.
June 28, 2012
Austrian Business Location: Further Slump in Competitiveness
According to the Swiss Management Institute IMD, Austria only ranks 21th among 59 analyzed countries. The Austrian tax policy is the absolute weak point.
May 31, 2012
Vienna hosts the 19th World Congress on Intelligent Transport Systems
The 19th ITS World Congress will be held from 22 to 26 October 2012 in Vienna, under the header ITS Vienna 2012 – Smarter on the way.
May 29, 2012
Efkon Strengthens its Market Position in India
New projects in India which were won by the Austrian toll solution supplier are worth approx. € 10m.
May 23, 2012
Keba Improves Results
The Austrian producer of electronic goods recorded a substantial rise in revenues. Earnings could be enhanced too.
May 19, 2012
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Sorger Underlines Austrian Crisis Management
The President of the Federation of Austrian Industries Veit Sorger reaffirms the necessity of austerity and investments of the private sector.
May 19, 2012
Lam Research Expands in Austria
The U.S. company opens a new research laboratory in Villach (Carinthia) and thus makes a clear commitment to its Austrian operations.
May 18, 2012
AT&S Expands in the U.S.
The Austrian printed circuit board manufacturer opens second US office.
May 14, 2012
AT&S: Rising Revenues, Shrinking Profits
Total annual sales topped € 514 million, about 5% more than a year ago. Annual net income declined to € 26.5m after € 35.0m in 2010/11.
May 10, 2012
AT&S: Declining Profit Expected
The Austrian producer of semiconductors is epxected to achieve stagnating revenues and declining net income.
May 9, 2012
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Austrians in the Centre of the Global IT Industry
The first Austrian companies from the IT industry are currently in California as part of the "Go Silicon Valley 2012" technology initiative.
May 3, 2012
U.S. Delegation Impressed by Austrian Urban Technologies
“Austria is probably 10 years ahead of the U.S. in regard to urban planning and implemented technologies,” was the credo heard from visiting U.S. experts on urban planning when visiting Austria in April 2012.
May 2, 2012
Siemens Austria and Verbund to Establish Electric Mobility Provider
The technology and electricity company found a joint venture in order to serve and develop the Austrian electric mobility market.
April 20, 2012
BDI Receives Major Order from Hong Kong
The Austrian renewable energy company records an increase of € 9 million in the order volume for a multi-feedstock biodiesel plant in Hong Kong.
April 3, 2012
Kapsch TrafficCom Receives Order in Belarus
Kapsch TrafficCom receives order for a nationwide electronic toll collection system in Belarus. The contract value for implementation of the system reaches € 267m.
February 29, 2012
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Andritz Supplies Equipment for Hydro Power Plant in Peru
Luz del Sur, one of the largest electric utility companies in Peru, has awarded Andritz Hydro a contract to supply the electromechanical equipment for the Santa Teresa hydropower station.
February 23, 2012
BWT Records Declining Profits
The Austrian water technology company sees its revenue target met, earnings were affected by brand building. Dividends have to be cut substantially.
February 13, 2012
Major Orders for Siemens Austria From Mexico and Thailand
The Mexican steel producer Tyasa ordered the construction of a completed steelworks. In Thailand, Siemens Austria builds a roller plant.
February 11, 2012
Kapsch Wins Contract in Ireland
The Austrian toll system supplier wins Irish Rail GSM-R tender for the implementation of a digital train radio system.
February 2, 2012
Major Order from Costa Rica for Andritz
The Austrian technology group Andritz was awarded a contract by the Institute of Electricity of Costa Rica.
February 1, 2012
RBI Structures Credit Facility for Chinese Company
Austrian Raiffeisen Bank International (RBI) finances delivery of the plant by Andritz-Group for Chinese Ganzhou.
February 1, 2012
AT&S: Profits Decreasing in Spite of Higher Sales
Mobile Devices’ sales for the third quarter reached a new record high of about € 83m. Revenues for the first three quarters of the year amounted to € 372m.
January 24, 2012
AT&S Launches Strategic Alliance with U.S. MFLEX
Multi-Fineline Electronix, Inc. and AT&S Austria Technologie & Systemtechnik Aktiengesellschaft, today announced a Strategic Alliance Agreement.
January 19, 2012
Austriamicrosystems Reports Strong Rise in Revenues
austriamicrosystems announces its preliminary financial information for full year and fourth quarter 2011.
January 19, 2012
Binder Creates New Technology Company
Binder+Co AG has started the 2012 financial year with the foundation of a new subsidiary in the shape of Bublon GmbH. Binder+Co Group now consists of a total of four companies.
January 16, 2012
Siemens Austria Achieves Major Order in Russia
The Austrian subsidiary of the German technology group constructs the largest pellet plant in Russia.
January 4, 2012
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