R & D

Innovativeness in Austria Drops

In the European comparison, Austria’s innovativeness is dropping and is presently located only in the upper mid-range.

February 2, 2011

Slow upward trend in Austria's trade and handicrafts

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

January 13, 2011

WIFO and IHS Foresee Economic Weakness

The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.

January 5, 2011

R&D: High Activities of Austrian Firms with Foreign Co-Investors

The OECD publishes its Science, Technology and Industry Outlook 2010 for Austria. 23% of R&D expenses are funded from abroad.

January 4, 2011

WKÖ: EU patent to stimulate Austrian innovation

The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.

December 16, 2010

Serious setback for Intercell

The Vienna vaccine manufacturers has to terminate a research project unexpectedly at a late stage. Heavy losses are expected for this year.

December 14, 2010

Strong Sales Growth at Infineon Austria

The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.

December 6, 2010

aws is Commited to the Promotion of Technology

The Austrian development bank aws (austria wirtschaftservice) provides staffing and strategic action steps in order to implement innovative and technological trends.

December 1, 2010

Expansion Potential of Austrian Pharmaceutical Industry in Japan

Japanese pharmaceutical companies need new products and international cooperation. An opportunity for local companies.

December 1, 2010

Globalization Study: Vienna Among Top 20 Cities

New York remains at the top of the ranking of the "Global City Index 2010" by A.T. Kearney. Vienna stays unchanged at 18th place.

November 30, 2010

Leitl: Finland and Austria Have Much to Learn From Each Other

Finnish ex-Prime Minister Lipponen exposes economic success secrets of his country.

November 29, 2010

WIFO: Budget Consolidation in the EU is Not Sustainable

WIFO criticizes the consolidation programs of the individual EU countries for being easily enforceable, but containing hardly any sustainable measures.

November 29, 2010

Is the Austrian Industry still competitive?

The chief economist of the Industriellenvereinigung (IV), Christian Helmenstein, draws a sobering picture on the future of the domestic industry.

November 26, 2010

Siemens Opens Multimedia Center in Vienna

Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.

November 25, 2010

India: New Promising Market for Austrian Supply Industry

Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.

November 23, 2010

WKÖ Promotes Trade With Developing Countries

The Economic Chamber Austria presents its strategies to strengthen Austrian companies in order to take advantage of business opportunities in developing and emerging countries more effectively.

November 23, 2010

Economic Chamber President Leitl Demands Financial Transaction Tax

There is consensus between the Presidents of the Economic Chamber and the Federation of Trade Unions.

November 23, 2010

Lufthansa-CEO Mayrhuber Moves to Infenion

Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.

November 23, 2010

F-Star Acquired Major Order

The Vienna-located f-star and Boehringer Ingelheim to collaborate in discovery and development of therapeutic antibodies.

November 23, 2010

Solid Growth inTrade Between Austria and the Czech Republic

Exports between the two countries rise by around 20%. Cooperation is to be extended also to research.

November 22, 2010

Economic Espionage: Damages for 880 Million Euro in Austria

Every year, Austrian companies lose 880 million euro to economic and industrial espionage.

November 18, 2010

Roche Lays Off 400 Jobs in Styria

The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.

November 18, 2010

Indonesia and Austria Agree to Extend Cooperation

President Fischer officially visited the Islamic Republic Indonesia, which is of the most important future markets of the South Asian region for Austria.

November 17, 2010

Junge Industrie Wien: Explosive Generational Balance Study

Junge Industrie Wien calls for "courageous steps". The credo is future investments instead of transfer payments.

November 17, 2010

Mechanical Engineering Returns to High of Growth

The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.

November 15, 2010

Unexpected Rise in Research Expenditure

Against the general trend, Austria's economy is increasingly investing in research and know-how.

November 4, 2010
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