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OEBB Austrian Railways
What Does Austria Have to Do with the Silk Road Project?
The Chinese "One Belt One Road Initiative", also known as the New Silk Road, is China's strategic measure of the century to make the entire Euro-Asian region including Africa even more dependent on its products and investments. Now the Austrian Federal Railways (ÖBB), the Vienna Chamber of Commerce and the ambassadors from China and Kazakhstan have joined forces to convince the Austrian population and politicians that the connection of Austria via broad-gauge railway to the Silk Road is an opportunity of the century.
November 30, 2018
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
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