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Switzerland

Common Energy Strategy for Germany, Austria and Switzerland

After the German nuclear exit, Switzerland and Austria should act as “green battery”.

May 2, 2012

Small Growth in Austrian Winter Season

The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.

April 26, 2012

Former GDR Funds: Bank Austria Has to Pay € 245m

Bank Austria lost a Zurich retrial over German demands for repayment of more than € 245m linked to the former East German Communist Party.

April 21, 2012

Austrian Opposition Increase Criticism on Swiss Tax Deal

For FPÖ, the tax deal with Switzerland is a “gift for tax evaders”. The Green Party sees support for tax fraud.

April 18, 2012

Tax Deal Fiercely Criticized

Last week, Austria concluded a tax treaty with Switzerland. For experts, the deal does not solve the main problems.

April 16, 2012

Austria and Switzerland Signed Tax Treaty

Austria´s Finance Minister Fekter signed the tax treaty with her Swiss colleague Eveline Widmer-Schlumpf. In 2013, additional tax intake of € 1.0bn is expected.

April 14, 2012

Swiss-Austrian Tax Treaty to be Signed

The tax treaty between Austria and Switzerland will be signed tomorrow on Friday. The tax rate is set at 38%.

April 12, 2012

Tax Treaty with Switzerland Close to be Finished

Austria aims for reach a tax agreement with Switzerland in order to tax illegal funds deposited by Austrian nationals at Swiss banks. An agreement seems to be within reach.

April 11, 2012

Where is Austria´s Gold?

The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.

April 10, 2012

Failed Austerity Package: „Austrian Rating Not Affected“

Bernhard Felderer, director of IHS (Institute of Advanced Studies) thinks that the incomplete austerity package has no effect on Austria´s prospects to return to the Triple-A status.

April 7, 2012

Austria Must Underline its Headquarter Function

Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.

April 2, 2012

Swiss Tax Treaty: Austria Under Pressure

The Austrian Minister of Finance is optimistic to conclude the Swiss tax deal by 2013. Proceeds of € 1.0bn are expected.

March 28, 2012

Strabag Expands in Switzerland

The Swiss subsidiary of Austrian Strabag enters into strategic partnership with BH-Holding AG in Zurich and Zug.

March 22, 2012

Tax Agreement with Switzerland May Be Postponed

The plans of the Austrian government to conclude a tax agreement with Switzerland soon is unlikely. For the budget, this could cause a loss of revenues.

March 17, 2012

Doubt About Austerity Package

Austria´s Finance Minister Fekter had to defend the government´s austerity package again. Experts are in doubt about the successful implementation.

March 15, 2012

Stagnation at Vienna Stock Exchange

At the moment, the Viennese Stock Exchange (VSE) has no new IPO´s to announce. The atmosphere in Vienna would be not investment-oriented enough, market observers say.

March 13, 2012 · Updated: March 13, 2012; 19:11

Ascom Divests its Security Communication Business in Austria

The Swiss IT solution provider sells its subsidiary Ascom Austria Ges.m.b.H. in a management buy-out to the current Managing Director Peter Bernhofer.

March 13, 2012

„The Public Sector Does not Get Enough“

Klaus Pöttinger, President of Upper Austria´s IV takes Switzerland as model. Taxes would be too high, efficiency of the public sector is too low, he says.

March 9, 2012

Imports Grow Stronger than Exports

January to December 2011: Austrian imports rose by 15%, exports increased by 12%.

March 9, 2012

Hammerer Aims For Growth in Italy

The Austrian aluminum company wants to acquire a site of the U.S. Alcoa in Italy.

March 7, 2012

Tax Treaty: Conflict with EU

The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.

March 7, 2012

Again Criticism on Austerity Package: „Lack in Sustainability“

The President of the Viennese Federation of Austrian Industries (IV), Georg Kapsch, misses details of the austerity package. The package is not ambitious enough, Kapsch considers.

March 5, 2012

Viennese Office Market: Collapse Threatens

Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.

March 5, 2012

AUA´s Insolvency Becomes More Probable

German newspapers report that Lufthansa could establish a new Austrian airline company. AUA could be left then.

March 2, 2012

austriamicrosystems Reports Rise in Revenues and Earnings

The manufacturer of high performance analog ICs registered a 32% rise in revenues. EBIT rose by 59%.

February 29, 2012

New Criticism on Austerity Package

For the chief economist at RZB, Peter Brezinschek, the austerity package is not ambitious enough. The President of the Austrian Chamber of Commerce, Christoph Leitl, criticizes the introduction of new taxes.

February 28, 2012

Decision on Nabucco Again Postponed

The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.

February 24, 2012

Nabucco Still Competes For Gas in Azerbaijan

The gas pipeline project, in which the Austrian oil company OMV is engaged, now enters the critical phase.

February 21, 2012

Fekter: „Austerity Package is Structural Reform Package“

In spite of criticism by economists, for the Austrian Minister of Finance, the austerity package is a “big success”.

February 20, 2012

Slight Sales Increase at Internorm

The Austrian window manufacturer recorded sales of € 311m in 2011, which is a rise of 2.0% against 2010. Exports to Germany grew disproportionately high.

February 16, 2012

Illegal Income from Switzerland Should Support Government´s Plans

The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.

February 13, 2012

Austrian Government Presents € 27bn Austerity Package

The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.

February 11, 2012

A-Tec´s Quota to Reach 30%

In July, the insolvency quota of A-Tec will be paid to creditors. The quota will range from 30% to 35%.

February 10, 2012

Schlumberger Records Rise in Earnings

In spite of difficult market conditions, the Austrian sparkling wine producer holds on its ambitious growth targets. Exports should be reinforced.

February 10, 2012

Sale of Brixlegg Concluded

The former copper-division of the insolvent Austrian A-Tec Group has been sold to the Swiss Umcor AG.

February 10, 2012

Merger of Glencore and Xstrata: voestalpine Not Concerned

The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.

February 8, 2012

Keuschnigg to Succeed Felderer

Christian Keuschnigg will succeed Bernhard Felderer as director of the Austrian Institute of Advanced Studies (IHS) in June.

February 8, 2012

Innovation Index: Austria Falls Behind

Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.

February 7, 2012

Emirates: Antinori Wants AUA´s Staff to Switch

The head of marketing at Emirates, Thierry Antinori, wants dissatisfied employees at AUA to change to Emirates.

February 6, 2012

Montana Tech Components Acquires Croatian Aluminum Companies

The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.

February 6, 2012

New Records for Viennese Tourism

In 2011, the Austrian capital registered 11.4 million guest nights, which is a new record.

January 24, 2012

New Record in Agricultural Exports

In 2011, Austrian food exports exceeded € 9.0bn for the first time.

January 21, 2012

Austriamicrosystems Reports Strong Rise in Revenues

austriamicrosystems announces its preliminary financial information for full year and fourth quarter 2011.

January 19, 2012

RHI Takes Over Swiss Stopinc AG

The Austrian producer of refractory takes over refractory specialty producer Stopinc AG. RHI thus increase the stake held from 50% to 100%.

January 18, 2012

Austrian Investor Interested in Croatian Aluminum Company

The Austrian financial investor Michael Tojner is a potential buyer of the Croatian aluminum manufacturer TLM-TVP, which is owned by Hypo Group.

December 10, 2011

AUA to Strengthen Presence in Austria

Austrian Airlines, the subsidiary of the German Lufthansa, refocuses on the Austrian home market. Flights to provincial airports should be extended.

December 8, 2011

Only Small Increase in Exports in 2012

After a substantial growth in 2011, OECD expects only a slight rise in Austrian exports.

December 6, 2011

Zumtobel Registers Profits Decrease

The Austrian light technology company reports an increase in revenues by 8.4% in the first half year. EBIT was down by 10.1%

December 6, 2011

Legal Success for Bank Austria

A Swiss court granted the bank’s appeal against an obligation to pay € 245m to a German public body.

December 2, 2011

Vienna Has the Best Living Standard

The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.

November 29, 2011