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Sweden

Strabag to build further Akalla tunnel section for the Stockholm motorway ring

STRABAG Sverige AB, a subsidiary of STRABAG SE, has been awarded an approx. EUR 45 million contract from the Swedish Transport Administration (Trafikverket) to build the Akalla Motorway Tunnel. The tunnel is part of the Stockholm Bypass, a motorway ring around the Swedish capital and currently the largest road construction and tunnelling project in the country.

November 21, 2017

Swedish Embassy in Vienna has New Premises

The Swedish Embassy/UN representation and the OSCE-delegation have moved to new premises with extensive entertainment facilities, Schwedenhaus Wien. This represents a new and unique concept which could be a model for how Sweden will be represented abroad in the future. As the Embassy also represents Sweden in Slovakia and Slovenia, Schwedenhaus Wien will have both a regional and multilateral (UN and OSCE) approach.

May 29, 2015

Poland: Takeover of Nordea Bank Polska Granted

PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.

March 4, 2014

Polish PKO BP Tapping into Swedish Leasing Market

Major Polish lender PKO BP has opened a branch of its leasing unit in Sweden.

February 20, 2014

Poland: PKO BK Still Wants to Take Over Nordea

PKO BP had to extend the subscription period for the second time.

February 18, 2014

Spindelegger Positive about Creation of Financial Transaction Tax

In the run-up to the beginning of the ECOFIN Council in Brussels, negotiations about the further proceeding of the financial transaction tax were held among eleven EU finance ministers.

February 18, 2014

Ukraine: Tough Market for Foreign Banks

The coming two years will be challenging for foreign banks operating in Ukraine.

February 11, 2014

Austria: High Tax Country

According to the new tax report of PrinceWaterhouseCoopers (PwC), the tax burden in Austria is ten percent higher than the average tax rate in the European Union and even beats Sweden.

November 19, 2013

Porr Lands Ikea Contract in Poland

The Austrian construction company Porr has landed two contracs in North Poland for a total volume of € 150m.

September 24, 2013

Austria: Leitl Reiterates Criticizm

State Secretary Schieder considers Leitl’s statements “totally out of place”.

August 23, 2013

Leitl: “Austria Screwed Up”

If the US, as the perpetrator of the financial and economic crisis, shows two percent in economic growth, while Austria only 0.2 percent, then this was a “disgrace”, Leitl announced during the economic forum in Alpbach.

August 21, 2013

Austria: Leitl Demands Impulses for Growth and Employment

Enterprises need to be motivated instead of being burded by further taxes, President of the Austrian Chamber of Commerce (WKO) Christoph Leitl argues.

August 1, 2013

Leitl: „Austrian Enterprises Need Further Growth Impulses“

The Austrian Chamber of Commerce (WKO) commits to budget consolidation but growth is the basis for a balanced state budget.

June 27, 2013

Mayer-Melnhof Expands to Norway

MM Karton expands raw material supply for cartonboard production.

June 11, 2013

Czech Republic: Dumping Offers for Building of Highway

Major construction companies screw down prices for the building of a highway segment from Linz to Prague.

June 3, 2013

Leitl: „There Is No More Time To Waste“

Switzerland and Sweden pull away from the rest of the European countries in regard to international competitiveness, according to the latest IMD report, while Austria has been falling behind.

May 31, 2013

World Competitive Ranking: Austria Loses 7 Ranks

The World Competitive Ranking of Lausanne IMD Private School of Economics has become one of the most significant location comparisons on an international basis in the last 25 years.

May 29, 2013

European Banks Leaving CESEE Countries

Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.

April 2, 2013

Andritz Lands Major Contract With Mondi

Andritz to support Mondi’s program for energy optimization and environmental protection with supply of state of the art plants and technologies

March 12, 2013

Austrian Business Location Still Popular

According to a survey carried out by ABA Invest Austria, Austria ranks third in Europe.

February 19, 2013

Fekter Promotes Financial Transaction Tax

The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.

October 1, 2012

Banking Supervision: Nowotny Warns of Over-Ambition

According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.

September 18, 2012

Fekter Promotes Financial Transaction Tax

There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.

June 23, 2012

Green Party: ESM Approval Depends on Financial Transaction Tax

The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.

June 22, 2012

„Austria Must Not Become Mediocre“

The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.

June 18, 2012

Andritz Biomass Plant Opened in Sweden

The operation of Andritz' third biomass power plant in Sweden has been successfully transferred to its owner, Bollnäs Energi, during a celebration on 25 May 2012.

June 6, 2012

The Euro - A Big Error (Part 4)

The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.

May 31, 2012

Major Orders for Sandvik Austria

The Austrian subsidiary of the Swedish plant construction group achieved two major orders in Brazil and Laos.

May 11, 2012

New Record in Swedish-Austrian Bilateral Trade Volume

Austrian exports to Sweden reached a new record level in 2011. Moreover, the first surplus could be registered.

March 17, 2012

Unemployment of Older Aged Workers Increases Disproportionately

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

March 17, 2012

Lutz Enters Croatia

The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.

January 26, 2012

H&M Registers Sales Decrease in Austria

The Swedish clothing chain records a decrease in sales in Austria.

January 26, 2012

New Record for Austrian Wine Exports

Although the quantity of wine exports is shrinking steadily, the export volume worth € 126m reached a new record.

December 28, 2011

Tele2 Finalizes Acquisition of Silver Server

The Austrian Internet service provider is taken over for € 12.3m after the competition authority has approved the deal.

December 23, 2011

Rumors Say Raiffeisen Looking for New Investors

According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.

December 19, 2011

Strabag Strengthens Brand Presence in Sweden

The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.

November 17, 2011

Ikea Austria Reaches Over € 600m in Sales

The Swedish furniture corporation raised its market share in Austria to 13.9%. Sales grew by 1.6% up to € 604.2m.

October 15, 2011

Strabag Awarded Three Infrastructure Projects in Sweden and Finland

The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.

August 9, 2011

Building Project for Strabag in Sweden

The Austrian construction company is going to develop over 15,000 m² of residential and retail space. The project has a volume of SEK 600m (€ 67m) and will be completed in 2013.

June 16, 2011

Swedish Investor Buys Insolvent JoWood

The Austrian computer game producer will resume business after its acquisition. A payout plan ratio for the creditors has not yet been determined.

June 6, 2011

Erste Group Wins Lawsuit in Sweden

In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.

April 21, 2011

bwin: Possible Separation of the Swedish Subsidiary

Following the merger between the Austrian bwin and the British PartyGaming, bwin could be parted from the Swedish Ongame.

February 8, 2011

Four Major Orders for Andritz

The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.

February 4, 2011

Joint Venture Between Swiss and Austrian Post

The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.

December 1, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010