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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
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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
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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
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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
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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
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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
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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
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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
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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
Immofinanz: Record Letting Results for German Subsidiary
The Austrian Real Estate Group benefits from the upswing in the German property market.
January 12, 2011
Austria's Export Economy is Booming
Given the high growth rates in the past year, the Austrian export economy shows itself also optimistic for 2011.
December 22, 2010
JCL Logistics and Rail Cargo Austria Step into Strategic Alliance
Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.
December 15, 2010
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Madoff Proceedings: Billion Lawsuit against Bank Austria
The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.
December 13, 2010
Mayr-Melnhof: Bankruptcy in Switzerland
The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.
December 8, 2010
Mitterlehner: To Expand Further Good Trade Relations with Switzerland…
The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".
December 2, 2010
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
Switzerland: Pecik and Stumpf Ransom Themselves
While the two investors paid a fine for the case Sulzer, the case Oerlikon is still not finished.
October 21, 2010
AUA: Licenses in Russia Expire
Austrian Airlines are worried about the landing and overflying rights in Russia. If there is no extension, there is a threat of higher costs.
October 20, 2010
Austrian Airlines Loses Swiss Destination
As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport
October 19, 2010
Volksbank Vorarlberg: High Losses in Switzerland
Commitment to financial advisor JML did not go as desired: losses up to 3.9 million euro
September 15, 2010
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