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Lower Austria

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

Austrian Wage Tax Intake Grows

The Austrian wage tax volume totaled 21.6bn in 2010. Gross wages were up by 2.5%.

January 11, 2012

Austrian-Czech Technology Cooperation Opportunities

The Embassy of the Czech Republic in Vienna, in cooperation with the Lower Austria Chamber of Commerce hosts on 18 October 2011 a technology seminar.

October 17, 2011

EnBW with New Attempt to Sell Stake in EVN

The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.

September 14, 2011

Novomatic Abandons IPO Plans

The Austrian gaming machine manufacturer is considering placing a bond in order to raise capital for global growth.

September 8, 2011

ZKW Expands Rapidly

The Austrian component supplier raises its production significantly. A new factory site in China has been opened.

September 5, 2011

Decline in Profit for Hypo Lower Austria

The Austrian regional bank achieved net profit of € 16.4m in the first six months of 2011. Net interest income increased to € 75.8m

August 29, 2011

EVN with Slightly Better Results after Nine Months

The Austrian energy company recorded a marginal drop in revenue. Group net profit amounted to € 207.2m, up 1.2% from the prior-year.

August 25, 2011

EVN: 12% Drop in First-Half Net Income

The Austrian energy company recorded a substantial drop in group net income, mainly due to a 30.9% decline in the financial result.

May 26, 2011

Gas Pipeline Project for EVN

The Austrian energy company EVN to invest € 150m in high-pressure natural gas pipeline

May 4, 2011

Raiffeisen Postpones Stock Exchange Plans

The banking group has to postpone for two or three years the IPOs of the agricultural holdings NÖM and LLI planned for 2011.

April 29, 2011

Shutdown Petrochemicals – OMV Plant Overhaul at Schwechat Refinery

The OMV Refinery in Schwechat (Lower Austria) will undergo a further routine shutdown from May 3. This time, the petrochemical plant parts will be out of commission for around one-and-a-half months.

April 28, 2011

Vienna International Airport: Kirschner is the New Chairman of the Supervisory Board

Ewald Kirschner will temporarily lead the Supervisory Board until CEO Christoph Herbst takes over the chair again. Opinions are divided concerning the privatization of the company.

April 27, 2011

Lower Austria Seeks Airport Privatization

Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.

April 23, 2011

Austrian Government Reshuffle has been Completed

The resignation of Josef Pröll triggered a reshuffle in the ÖVP. Most of the positions have been filled by now.

April 22, 2011

Herbst’s Withdrawal is Imminent

The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.

April 22, 2011

Decrease in Profit at Hypo Lower Austria

Despite improvements in operating profits, net profit of the company drops from € 19.8m to € 7.1m.

April 19, 2011

Decreasing Wine Production in Austria

According to Statistics Austria's wine harvest survey 2010, a wine production of 1 737 500 hl was achieved, produced on an area of 43 700 ha (-3% to 2009).

March 5, 2011

EVN Records Rising Revenues

The Austrian energy company announced its results for the first quarter in 2010/11. EVN could benefit from rising electricity costs.

February 26, 2011

Skylink: Judicial Investigations are Presently being Conducted

The final report of the Audit Court on the Vienna International Airport Skylink project has been submitted. Criticism is devastating. Criminal investigations are starting.

February 1, 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

Austrian Regional GDP Growth: Upper Austria Quotes Statistics

Gross regional product 2008: Upper and Lower Austria reached a nominal growth rate clearly above the national average

January 13, 2011

EVN Elects New Supervisory Board

The majority shareholder of the Austrian energy company EVN submitted a proposal regarding the new supervisory board elected on January 20.

January 10, 2011

EVN Reports Growing Results

The energy provider from Lower Austria could raise its EBIT by 6.9%. EBITDA grew by 11.6%. Revenues remained stable.

December 16, 2010

Changes on the Management Board of Vienna International Airport

After several weeks of controversial discussions, the Supervisory Board announced Christoph Herbst as new CEO. He will succeed Herbert Kaufmann.

December 16, 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

EVN: Changes in the Executive Board of EVN

The energy supplier located in Lower Austria announces the early retirement of Burkhard Hofer, member and spokesman of the Executive Board.

December 15, 2010

Skylink: Resignation of Executive Board or Supervisory Board

The Vienna Airport Skylink debacle is becoming a political issue. Staffing decisions have been made.

December 14, 2010

Audit Court: Capital Increase for Vienna Airport

The Audit Court criticizes the Board again and advises a capital increase. The personal consequences may be tougher than expected yet.

November 24, 2010

Austerity Package: Resistance from the Federal Provinces

While cries for savings are getting louder in the provinces, declarations of both consensus and objections come from the provincial capital cities

November 8, 2010

New plant location opened in industrial park Gmünd

The two innovative high-tech companies NBG Systems and Fiber Cable Technology (FCT) invested in a new production plant in Gmünd.

June 24, 2010