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Czech Republic: Overall confidence in economy decreased
The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012
Austrian Economy Stagnates
According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.
October 12, 2012
Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Verbund in Turkey: Further Investments Instead of Withdrawal
In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.
September 19, 2012
Poland Adapts Austerity Targets
Due to the economic crisis in Europe, the Polish government gives up its aim to reach a budget deficit below 2.2% of GDP.
September 5, 2012
World Economic Forum: Austrian Competitiveness Moves Up
In the World Economic Forum Competitiveness Ranking, Austria ranks 16th and could move up three places. The public debt quota, the tax quota and the investor protection are the main weaknesses of Austria.
September 5, 2012
Hungary: Foreign Direct Investments Declining
Against the reference period of 2011, investments in Hungary were down by 6%.
September 3, 2012
Romania Still Shows Weak Growth Rates
“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.
August 31, 2012
Austrian Middle Class Demonstrates Optimism
According to a recent study, Austria´s middle sized firms expect a positive future. The willingness to invest is growing.
August 25, 2012
Investment in Czech Republic Still Below Pre-Crisis Level
The global financial crisis, which originated in the USA in 2007 also hit the Czech Republic quite hard despite the fact that neither its internal nor external imbalances were excessive, the Czech Central bank stated.
August 24, 2012
Global Increase in Direct Investments made by Austrian Companies
In addition to CEE/SEE countries, growth in Austrian direct investments was also seen in Germany, Russia and Turkey.
August 21, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
Investments: Gold and Real Estate on the Rise
Compared to 2007, Austrian savers shift their assets towards gold and real estate. Investment funds and shares are less popular.
August 13, 2012
RHI Does Not Exclude Shutdowns
The Austrian manufacturer of refractory products faces capacity problems in the steel sector. Investments may be cut.
August 9, 2012
OMV to Focus on Gas Business
The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.
August 8, 2012
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
Kapsch TrafficCom Strengthens Presence in Mexico
The Austrian IT company acquired 33% of Mexican SIMEX.
August 1, 2012
AUA Invests € 80m in Long Distance Flights
Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.
July 30, 2012
Verbund Modernises Styrian Hydropower Plants
Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“
July 20, 2012
Bulgaria Aims to Join Eurozone
Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.
July 16, 2012
Austrian M&A Activity Faces Depression
Due to the global insecurities, the M&A activities in Austria decreased substantially in the last year. Against the prior year, the number of deals was down by 27%.
July 11, 2012
Vienna Airport to Build Third Landing Strip
Vienna International Airport is now entitled to start the construction works oft he third landing strip. The construction works will take two years.
July 11, 2012
Active Direct Investments Higher than Passive Direct Investments
Austrian enterprises make more investments abroad than foreign countries do in Austria, Austrian Central Bank announced.
July 5, 2012
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
Voestalpine to Put Effort into Growth
The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.
July 4, 2012
Lenzing Invests € 130m in New Plant
The Austrian fiber company expands ist production facilities. 110 new jobs will be created. The completion is expected in 24 months.
July 2, 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
Kelag Invests € 60m in Kosovo
The Austrian regional energy supplier celebrated the ground-breaking ceremony of a major power plant in Kosovo this week. Investments will total € 60m.
June 27, 2012
OMV´s Petrom: Investments Totaled € 7.7bn Since 2004
Petrom, the Romanian subsidiary of Austrian OMV finalized the upgrade of the crude vacuum distillation unit in Petrobrazi refinery. Investments of approximately € 100m will be made.
June 27, 2012
Austria’s Most Powerful Power Plant Inaugurated
New combined cycle gas turbine plant saves up to two million tons of CO2 annually, the Austrian energy provider Verbund says. The company expects lower results in the first half of 2012.
June 22, 2012
Chemical Industry Warns of Investment Stop
Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.
June 22, 2012
Bank Austria Sells Headquarters
The highest-bidder procedure is to lead to a sale of the property by the end of 2012. Bank Austria will retain its property until the new headquarters has been completed.
June 15, 2012
Vienna International Airport Satisfied with new Terminal
First week of real-time operations in Check-in 3: over 240,000 passengers handled since 5 June 2012. The number of passengers was up moderately in May.
June 12, 2012
Austrian Central Bank Expects Economic Stabilization
Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.
June 11, 2012
Austrians Highly Care About Retirement Provision
Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.
June 8, 2012
Slow Growth in Austrian Industry
In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.
June 1, 2012
S Immo Does Not Plan Investments
The Austrian real estate company regards the current framework conditions as not suitable for investing in new projects. S Immo plans more sales, by contrast.
May 29, 2012
Only 10% of Austrians Want to Invest in Securities
The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.
May 24, 2012
“Three Problems of Europe: Divergence, Indebtedness and Weak Banks”
The new director of the Austrian IHS (Institute of Advanced Studies) Christian Keuschnigg thinks that a Greek exit would have to take place suddenly.
May 21, 2012
Baxter Enlarges Viennese Site
The U.S. pharmaceutical group makes investments of € 30m in Vienna. The start of operation of a new production facility is planned in 2014.
May 18, 2012
Economic Indicator: Slow Recovery Expected
The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.
May 16, 2012
Austrian Economy Grows Slowly
After a period of stagnation, the Austrian economy showed a small growth rate of 0.2% in the first quarter of 2012.
May 15, 2012
Savings Books More Popular than Building Saving
After the cut in the bonus for building savings, savings books are more popular again in Austria.
May 14, 2012
Austria Achieved Positive Current Account in 2011
Last year, Austria´s current account reached a surplus of 1.9% of the GDP.
May 4, 2012
Saving Rate Falls Further
Private households invested € 9.3bn in financial assets in 2011. This is a decline by 20% against 2010.
April 28, 2012
Voestalpine to Invest € 500m at Main Site
The Austrian steel company builds a new strand casting house. Voestalpine warns of excessive greenhouse gas regulations.
March 22, 2012
Austrian Economy Recovers Slowly
The Austrian Central Bank (OeNB) sees signs of a recovery. A recession is not expected.
March 20, 2012
Investments: Austrians Prefer Security
For 72% of the Austrians, safety comes first. The most popular investments are conservative.
February 10, 2012
Asamer Returns to Libya
The Austrian manufacturer of building material aims for catching up the lost year 2011 in Libya.
January 23, 2012
Leitl: „Croatians are Most Welcome“
The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.
January 23, 2012
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