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OEBB Austrian Railways

ÖBB-Infrastruktur AG / Funding of the Company in the Year 2017

OeBB-Infrastruktur AG (Bond Ticker OBND) informs that funding in the year 2017 will be provided primarily by loans of the Republic of Austria in the volume of up to EUR 1.65 bn provided by the Austrian Treasury (OeBFA) instead of by bond transactions of the company.

December 13, 2016

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 2016

New Vienna Central Station Offers New Connections and Shorter Travel Times

With the timetable change on 13 December 2015, Vienna Central Station and Vienna Meidling train station will be assuming their full role as a regional transportation hub. Bringing together the Western, Southern, Eastern and Northern Routes at Vienna Central Station and Vienna Meidling, creates a transportation hub with direct connection to all Austrian state capitals as well as Vienna Airport. For travelers this means better connections, shorter travel times and more comfortable traveling.

December 7, 2015 · Updated: December 7, 2015; 18:15

Californian Woman Can Not Take Austrian Railways to Court in the US

Supreme Court says, Carol Sachs who was heavily injured in Innsbruck can’t sue in the US. Her lawsuit against the Austrian national railroad ÖBB for injuries that she suffered while attempting to board a train in Austria does not fall within the “commercial activity” exception to the Foreign Sovereign Immunities Act, and is therefore barred by the doctrine of sovereign immunity. The American wanted USD 20 million compensation from ÖBB.

December 2, 2015

Austrian Railways Eyes Acquisitions Across Central and Eastern Europe

Oesterreichische Bundesbahnen (OeBB), the Austrian state railway operator, is eyeing rail cargo operator buys across Central and Eastern Europe, a source close to the company and a person claiming knowledge of the situation said. OeBB, with EUR 3bn in revenue, believes a number of opportunities will soon come up in countries “east of Austria”, including countries of the former Yugoslavia, the source said.

July 6, 2015

Ederer Elected as Supervisory Board President of ÖBB Austrian Railways

A few days after her resignation from the ÖIAG Supervisory Board the former Siemens manager Brigitte Ederer was elected unanimously to the top of the ÖBB Supervisory Board.

September 11, 2014

ÖBB Chairman Pöchhacker is Dead

The longtime chairman of the board of ÖBB and former CEO of the construction company Porr, Horst Pöchhacker, died on Wednesday after a short illness at the age of 75 years.

August 13, 2014

AIRail: New Type of Rail Connections Between Linz and Vienna International Airport

From 14 December 2014, Austrian Airlines and ÖBB are to launch a cooperation entitled ‘AIRail’ on the Linz central station – Vienna Airport – Linz central station route. In future, Austrian passengers with an Austrian flight either preceding or following their rail journey will also be able to use new ÖBB connections with an Austrian flight number between Linz central station and Vienna Airport.

June 16, 2014

Agenda Austria 2020: Economy = State

The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.

May 5, 2014

Austria´s Government: Old Turns into New

The leaders of the old government, Chancellor Werner Faymann and Deputy Chancellor Michael Spindelegger, announced to form a new government.

December 12, 2013

Porr: Capital Increase and Rise in Profits Expected

CEO of listed Austrian construction company Porr Karl-Heinz Strauss is still in favor of a capital increase in 2014 or 2015 and calls upon the government to create “projects for the future”.

October 7, 2013

Does Austria Need Further Privatizations?

Voestalpine´s CEO Wolfgang Eder wants to support the Vienna Stock Exchange. Without further privatizations, the stock market in Vienna could be history soon.

September 24, 2013 · Updated: September 25, 2013; 11:30

Lopatka Demands Reform for Austrian Railways

State Secretary Lopatka demands Minister of Infrastructure Bures to tackle the expensive pension system at the Austrian Railways by doing away with privliges for emplyoees in order to unburden tax payers.

September 4, 2013

Austria: Reduction in Working Hours at ÖBB

So far, the trade association of railways at the Austrian Chamber of Commerce (WKO) has rejected the reduction of working hours at the Austrian Railways (ÖBB).

June 20, 2013

Austria: Raids by EU Commission at ÖBB

The Austrian Railways is alleged of having agreed to fixed prices with other companies. House searches were carried out.

June 19, 2013

Austria: Haselsteiner to Increase Share at Westbahn

Hans Peter Haselsteiner, CEO of Strabag, is going to increase his stake in Westbahn to 47 %, the railway company, which is in majority privately held and main competition for Austrian Railways (ÖBB).

April 23, 2013

Austrian Railways Achieved Net Profit Last Year

For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.

February 26, 2013

S&P Warns Austria of Election Gifts

This year, Austria will hold federal elections. According to S&P, expensive election gifts may reduce the credit rating outlook.

February 19, 2013

Public Debt: Austria´s Government Too Optimistic

The austerity targets of the Austrian government are not realistic. Above all, the official public debt level will increase significantly next year.

February 15, 2013

Austria Plans Biggest Hydro Power Plant in its History

In Southwestern Styria, Verbund, Austrian Railways and the Styrian energy supplier EStAG want invest more than € 1.0bn in a new hydro power plant.

January 26, 2013

Austrian Railways: Sale is „No Issue”

Christian Kern, CEO of Austrian Railways (ÖBB) underlines that the company must not be sold.

November 24, 2012

Austrian Railways: Net Income to Reach € 200m in Medium Term

Despite the difficult economic situation, CEO Christian Kern aims to increase the profitability further. “The fourth quarter will be brutal.” he says.

October 20, 2012

Austrian Railways to be Privatized?

ÖVP (Austrian People´s Party) again pushes for a privatization of ÖBB (Austrian Railways). The sale of the freight division would be conceivable, ÖVP´s chairman Michael Spindelegger says.

October 2, 2012

Austrian Elections 2013: Stronach Confirms Candidacy

This week, the former CEO of Magna Frank Stronach will present the program of his party. The name of the party is not fixed yet.

September 25, 2012

ÖIAG to be Enlarged?

Publicly held companies like Verbund or Austrian Railways should be integrated into the Austrian industrial holding group.

September 21, 2012

Austrian Budget: One Third for Pensions and Interest Spending

The Austrian Audit Court published a report on the budgetary situation today. Last year, expenses “for the past” already came at € 24bn.

September 19, 2012

Austrian Railways: Pöchhacker Opposes to Privatization Plans

Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.

September 10, 2012

ÖBB to Become Privatized?

In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.

September 8, 2012

ÖIAG: Three Potential Candidates

The Austrian Industrial Holding needs a new chairman. Tomorrow, the decision should be published.

September 6, 2012

Austrian Railways to Record Profits

In the first six months of 2012, ÖBB (Austrian Railways) has recorded operating profits.

August 16, 2012

Austrian Railways „Fit for the Capital Market in a Few Years“

Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.

August 6, 2012

ÖIAG: Search Goes On

The number of candidates for the succession of Markus Beyrer as CEO of the Austrian industrial holding keeps within limits.

August 2, 2012

ÖIAG: Malanik to Succeed Beyrer?

In June, Markus Beyrer decided to leave the Austrian Industrial Holding (ÖIAG). The former management board member Malanik could succeed.

July 27, 2012

Resistance Against Enlargement of ÖIAG

The chairman of ÖBB´s (Austrian Railways) supervisory board Horst Pöchhacker rejects the idea of integrating ÖBB, Verbund or Asfinag into the publicly held Austrian industrial holding ÖIAG.

July 19, 2012

Austrian Railways to Record Profits Already in 2012

Christian Kern, CEO of Austrian Railways, explains that the company´s restructuring is going on. The results would be better than the expectations.

July 16, 2012

Austria's Top 10 brands: Red Bull Extends its Lead

The drinks giant has further increased its lead as Austria's most valuable brand. The top ten brands have a value of almost € 33bn.

July 13, 2012

Red Bull Remains Austria´s Most Expensive Brand

The energy drink producer has Austria´s most valuable brand. Red Bull´s brand value was up by 3.9% and reached € 13.93bn.

July 4, 2012

Austrian Railways and Hungarian MAV to Cooperate

ÖBB and MAV are said to plan a common expansion strategy in Southeastern Europe.

June 25, 2012

„ÖIAG Should Manage Banking Interests“

Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.

June 23, 2012

Heavy Dispute Over ÖIAG

The Austrian Minister of Finance plans to incorporate the publicly held stakes in ÖBB, Asfinag and Verbund into ÖIAG. The coalition partner SPÖ and Reinhold Mitterlehner oppose to this attempt.

June 21, 2012

Mitterlehner Suggests Dissolving ÖIAG

The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.

June 16, 2012

Massive Demand for Austrian Railway Bonds

The majority of the € 1.0bn bond was placed with high quality institutional investors in Germany, Asia, Austria and France; offering was 3.0x over-subscribed within 30 minutes.

May 10, 2012

Restructuring: Hope at ÖBB

In 2010, Austrian Railways recorded losses of € 330m. CEO Kern could decrease losses to € 28m in 2011. The final turnaround is not achieved yet, Kern says.

April 26, 2012

Scharinger to Enter ÖBB´s Board

The former CEO of RLB Upper Austria becomes supervisory board member at Austrian Railways.

April 25, 2012

Austrian Railways: € 33bn Investment Package Resolved

The Austrian National Council decided the infrastructure package for ÖBB (Austrian Railways). Until 2017, investments of € 33bn will be made.

April 19, 2012

Austrian Railways Aims for Expansion in SEE

ÖBB (Austrian Railways) wants to establish a new freight subsidiary operating in Southeastern Europe. In Austria, ÖBB performs better than expected.

April 16, 2012

Austrian Industry Underlines Importance of „South Axis“

According to a recent study, the Southern Railway (Südbahn) creates 15,000 new jobs. The value creation totals € 15.5bn.

April 12, 2012

Asfinag to Cut Costs by € 2.8bn

The Austrian highway funding company wants to reduce construction costs by € 2.8bn over the next five years.

March 26, 2012

Austrian Railways: Hope for RCA

Rail Cargo Austria, the freight division of Austrian Railways (ÖBB) seems to have achieved the turnaround. In 2010, RCA caused losses of € 67m.

March 10, 2012

Austrian Railways Looking for Partners

ÖBB (Austrian Railways) wants to re-launch its foreign markets with local partners. After 2008, ÖBB had to downsize operations abroad.

February 28, 2012
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