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Styria
Largest Insolvency in Styria: Fisker GmbH and its Effects
The insolvency of the Austrian Fisker subsidiary has far-reaching consequences for the Styrian economy. With a mountain of debt of almost four billion euros, it is the largest corporate bankruptcy of the year.
August 8, 2024
AIRPOWER24: Europe's Largest Airshow Takes Off in Zeltweg
On September 6 and 7, 2024, AIRPOWER24, Europe's largest airshow, will take place at Hinterstoisser Air Base in Zeltweg, Styria. The event is accompanied by an extensive program and offers numerous highlights for aviation enthusiasts of all ages.
August 4, 2024
DHK New Year's Reception 2024: Business and Politics in Dialog
The traditional New Year's reception of the German Chamber of Commerce in Austria (DHK) took place in Graz, set against the historic backdrop of the auditorium of the Old University.
January 17, 2024
Diplomatic Trip to Styria: Between Business Location and Chocolate Paradise
After a break of several years due to COVID - Pandemic, the traditional diplomatic excursion finally took place again. This time, the ambassadors based in Austria had the opportunity to get to know the many facets of the local culture, innovative strength, and culinary delights in Styria.
June 29, 2023
Travel Tips in Austria: Admont Abbey Library in Styria
The Admont Abbey Library makes a decisive contribution to the attractiveness of Styria as a vacation destination and inspires visitors worldwide to visit Austria.
April 19, 2023
Worldwide Awards for Austria's Wines
In international trade magazines and at renowned wine competitions, Austrian wines generated enthusiastic voices and won top ratings, gold medals and coveted trophies.
August 9, 2022
Austria Goes Back to Coal Power
The Mellach heating power plant in Styria, which is currently shut down, is to be converted so that electricity and heat can be generated there again from coal in an emergency. This was confirmed by Austria's Chancellor Nehammer.
June 20, 2022
Austria's Population will Exceed Nine Million this Year
Austria's population is nearing nine million and should reach this mark sometime in 2022. Read more about Austria's recent population increase.
February 16, 2022
Nuclear Concerns: Austria Expresses Reservations About Slovenian Nuclear Plant
Slovenian Foreign Minister Anže Logar and the Slovenian State Secretary for Infrastructure Blaž Košorok met with Austrian Foreign Minister Alexander Schallenberg and Styrian Governor Hermann Schützenhöfer in Ljubljana. Among other issues, the group discussed Austria's concerns with the nuclear energy industry and, more specifically, Austria's concerns with Slovenia's nuclear power plant in Krško.
August 24, 2021 · Updated: August 24, 2021; 12:22
Austrian Urbanization Goes On
Austria's towns in figures 2011: education and social welfare, a challenge for growing agglomeration areas; services and administration, the largest budget items.
June 19, 2012
Different Economic Dynamics Among Austrian Provinces
In 2011, Styria achieved the highest economic growth rate among the nine Austrian provinces. This year, Upper Austria is expected to lead the ranking.
June 4, 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
EStAG Reports Moderate Rise in Earnings
The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.
March 30, 2012
Gigasport Withdraws from Czech Republic and Slovakia
The Austrian sports brand closes twelve branches in the Czech Republic and Slovakia. 280 workers are affected.
March 1, 2012
Verbund Starts Styrian Power Plant
Austria's cutting-edge-thermal power plant is already supplying electricity and district heating. Investment sum totals € 550m.
February 8, 2012
Binder+Co Presents Promising Technology
The Austrian machine and plant manufacturer and a Chinese partner together developed a new method for production of lightweight materials.
October 13, 2011
Andritz Not Affected by Belo Monte Construction Stop
The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.
September 29, 2011
Ringana Cosmetics Expands
The Austrian cosmetics manufacturer already has to raise its production capacities in order to meet rising international demand.
September 20, 2011
Magna to Build Battery Factory in Styria
The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.
August 26, 2011
BKS Bank Continues Expansion Course
The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.
August 19, 2011
Binder+Co Moves Up a Gear in the First Half of 2011
The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.
August 17, 2011
Andritz: Favorable Business Development in Second Quarter 2011
The Austrian technology group showed a good business development in the second quarter of 2011 and increased all relevant key figures compared to last year’s reference period.
August 9, 2011
PE Firm Acquires Prefabricated House Specialist Hanlo
The Styrian provider of prefabricated houses was acquired by H.I.G. European Capital Partners. Company founder Hanno Loidl will remain active in an advisory role.
July 19, 2011
SensorDynamics Acquired by Maxim
The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).
July 19, 2011
Green Tech Industry as an Important Factor in the Styrian Economy
The Styrian green tech cluster has grown twice as fast as the global market over the last five years. More than 5,500 new jobs have been created.
July 13, 2011
Binder+Co Takes Over Italian Mechanical Engineering Company
Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.
July 12, 2011
JCL Logistics Acquires Competitor in the Netherlands
The Styrian logistics provider will become market leader in the Benelux countries. The company is active in 25 countries already.
June 9, 2011
Binder+Co Starts 2011 with Strong First Quarter Growth
The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.
May 18, 2011
Andritz: Good Business Development in the First Quarter of 2011
The Austrian technology Group increased all relevant key figures compared to last year’s reference period.
May 6, 2011
A-Tec: Coal Power Plant Will Not Be Converted
The insolvent company pulls back from its request to convert the Styrian power plant Voitsberg III. The total investment would have amounted to € 100m.
May 4, 2011
Strong Earnings Growth for Hypo Steiermark
The operating profit of Hypo Steiermark rose to 21.5 million euro, more than doubling the previous year’s result.
April 30, 2011
Christof Holding AG Takes over BEA Electrics from bluO
With the acquisition of 100 % of Vienna-based BEA Electrics, the Styrian Christof Holding AG, which is wholly owned by the Christof family, continues its expansion.
April 27, 2011
Solid Delivers Solar Technology to the U.S.
The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.
April 23, 2011
Payer Takes over Fluid Pack Production from Roche
July 2011 will see Roche Diagnostics in Graz transfer 6 fluid pack production systems to Payer International Technologies in St. Bartholomä. The cooperation with Roche continues.
April 15, 2011
Styria: "The crisis is over"
The Austrian Institute of Economic Research (WIFO) considers that the federal province hit extremely hard by the economic crisis has resumed the upward trend.
April 9, 2011
Official start of construction of Austria's largest building project
The start of construction of the controversial Koralm tunnel, a railway connection between Carinthia and Styria, has occurred. The 20km long tunnel will be completed in 2022.
March 29, 2011
Economy: "South Axis” Demands Recovery Program
Styria and Carinthia are at a disadvantage concerning infrastructure compared with other provinces, was the criticism of the Economic Chambers of the "strong south".
March 25, 2011
Lannacher has Delivery Problems with Iodine Tablets
The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.
March 18, 2011
Steiermärkische Sparkasse Doubled Profits
The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011
Andritz: Favorable Business Development in 2010
The Austrian technology Group Andritz showed favorable business development in the 2010 business year. Sales rose by 11.1%, order intake increased by 23.4%
March 9, 2011
Austria's Public Debt Ratio Increases to over 80%
By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.
March 8, 2011
Magna Europe in Euphoria
The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 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
Increasing Profits for BKS
The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.
March 4, 2011
Binder+Co: Significant Rise in Sales and Profits
The Austrian engineering group Binder+Co was progressing well in 2010: sales revenues and EBIT above the level of last year, order intake up by 39%
March 3, 2011
Pankl Racing Systems AG: Doubling Profits, Stagnating Sales
The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.
February 22, 2011
Industrial Activity: Styria above Austrian Average
The economic barometer of the Styrian manufacturing industry is above the average of the federal provinces for the fourth consecutive year. Optimism for 2011 is increasing.
February 15, 2011
Andritz Expands into Brazil and Uruguay
The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.
February 15, 2011
ATB: Contradictions on Rumored Layoffs
A-Tec's subsidiary ATB denies media reports about alleged dismissals at the Styrian location.
February 13, 2011
Andritz: Order for Belo Monte is Firm
The French consortium Alstom, together with the German Voith and the Austrian Andritz, jointly supply the Brazilian Hydroelectric Project.
February 11, 2011
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