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Switzerland


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


Strabag Wins New Orders for Environmental Technology Division

The Austrian construction group secured new business worldwide. The total volume is € 110m.
November 29, 2011


Austrian Tourism Industry is Cautiously Optimistc

The Austrian Minister of Economic, Reinhold Mitterlehner considers that the tourism industry has learned to deal with an economic crisis.
November 28, 2011


Austrian IT Service Provider Expands to Canada

The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011


Strong Rise in Sales for austriamicrosystems

Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.
October 24, 2011


R&D Expenses on the Rise

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).
October 24, 2011


Victory AG Sold to China

The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.
October 22, 2011


Austrian Food Exports are Booming

About 66% of the domestic food production is being exported. Germany remains the most important foreign market.
October 10, 2011


Kresta Takes Over Swiss Buss ChemTech

The newly acquired company will become the technology center of the Austrian plant building company.
September 30, 2011


Austrian Foreign Trade Rising Significantly

January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%
September 6, 2011


SkyWork Launches Services to Vienna

The Swiss Airline now provides flights to the Austrian capital.
September 6, 2011


S&T Deeper in the Red

The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.
August 10, 2011


Zhengzhou Acquires Plant in Upper Austria

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.
August 9, 2011


IHS: Keuschnigg in Pole Position for Succession of Felderer

The institute’s board of trustees has voted for the Tyrolean Keuschnigg as successor of retiring boss Felderer. Contracts still have to be signed.
July 28, 2011


austriamicrosystems to Be Included in SIX Swiss Exchange’s SPI Middle Index Basket

Inclusion of the Austrian microelectronics and semiconductor manufacturer in the SPI Middle index basket becomes effective September 19, 2011.
July 21, 2011


ACP Says No to IPO

The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.
June 27, 2011


Austrian Labor Market Relatively Stable during Crisis

A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 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


Profit Decline at Zürich Austria

The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 2011


S&T Reduces Jobs

The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 2011


Strabag: Takeover of Swiss Companies

Strabag becomes third-largest construction company in Switzerland with acquisition of Brunner Erben and Astrada. Output increases up to € 615m.
March 8, 2011


AWD Austria Records Losses

The Swiss/German financial consulter could not manage the turnaround in 2010.
March 5, 2011


National Bank Warns against Foreign Currency Loans

According to the governor of the Österreichischen Nationalbank (OeNB, Austrian National Bank), Ewald Nowotny, the sum of pending foreign currency loans in Austria is € 54bn.
February 3, 2011


Rising Sales at Internorm

The Upper Austrian window manufacturer increased its sales by 2% in 2010. Despite domestic sales falling, exports are growing all the better.
February 3, 2011


austriamicrosystems Reports Increase in Revenues

austriamicrosystems reports preliminary unaudited financial information for full year and fourth quarter 2010.
January 20, 2011


Slight Decline in Furniture Exports

Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.
January 18, 2011


A-Tec Sells Subsidiary in Germany

Austrian A-Tec Industries AG has agreed to sell the German Doerries Scharmann group.
January 18, 2011


Austria's Competitiveness Increases Slightly

Austria rose one place, to the 21st, in the ranking of the most liberal economies.
January 14, 2011