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Transport Industry

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 2016

New Vienna Central Station Offers New Connections and Shorter Travel Times

With the timetable change on 13 December 2015, Vienna Central Station and Vienna Meidling train station will be assuming their full role as a regional transportation hub. Bringing together the Western, Southern, Eastern and Northern Routes at Vienna Central Station and Vienna Meidling, creates a transportation hub with direct connection to all Austrian state capitals as well as Vienna Airport. For travelers this means better connections, shorter travel times and more comfortable traveling.

December 7, 2015 · Updated: December 7, 2015; 18:15

Austrian Railways Eyes Acquisitions Across Central and Eastern Europe

Oesterreichische Bundesbahnen (OeBB), the Austrian state railway operator, is eyeing rail cargo operator buys across Central and Eastern Europe, a source close to the company and a person claiming knowledge of the situation said. OeBB, with EUR 3bn in revenue, believes a number of opportunities will soon come up in countries “east of Austria”, including countries of the former Yugoslavia, the source said.

July 6, 2015

IFM's offer successful - IFM is new 29.9% shareholder of Flughafen Wien AG

Airports Group Europe S.à r.l. ("Airports Group Europe"), an indirect subsidiary of IFM Global Infrastructure Fund ("IFM"), published a voluntary public offer pursuant to §§ 4 et seq of the Austrian Takeover Act (Übernahmegesetz) for the purchase of up to 6,279,000 (six million two hundred seventy nine thousand) ordinary bearer shares in Flughafen Wien Aktiengesellschaft, (ISIN AT0000911805) on 7 November 2014 (the "Offer"). The improvement of the Offer was published on 5 December 2014. The acceptance period of the Offer ended on 18 December 2014, 15:00 (Vienna time). All conditions precedent are already fulfilled. Pursuant to § 19 (3) ÜbG, the Offer is not extended by the three month sellout period.

December 19, 2014

IFM improves public offer for minority stake in Flughafen Wien AG

Airports Group Europe S.à r.l. ("Airports Group Europe"), an indirect subsidiary of IFM Global Infrastructure Fund ("IFM"), published a public voluntary offer pursuant to §§ 4 et seq of the Austrian Takeover Act (Übernahmegesetz) addressed to the shareholders of Flughafen Wien AG (ISIN AT0000911805) to acquire a minority stake of between 20% and 29.9% for a price of EUR 80 per share on 7 November 2014.

December 5, 2014

IFM intends improvement of public offer for minority stake in Flughafen Wien AG

Airports Group Europe S.à r.l., an indirect subsidiary of IFM Global Infrastructure Fund ("IFM"), published a public voluntary offer pursuant to §§ 4 et seq of the Austrian Takeover Act (Übernahmegesetz) addressed to the shareholders of Flughafen Wien AG (ISIN AT0000911805) to acquire a minority stake of between 20% and 29.9% for a price of EUR 80 per share on 7 November 2014.

December 1, 2014

IFM: Takeover Commission approves publication of public offer for minority stake in Flughafen Wien AG

Airports Group Europe S.à r.l. ("Airports Group Europe"), an indirect subsidiary of IFM Global Infrastructure Fund ("IFM GIF"), has today, 7 November 2014, published a public voluntary offer pursuant to §§ 4et seq of the Austrian Takeover Act (Übernahmegesetz) addressed to the shareholders of Flughafen Wien AG (ISIN AT0000911805) to acquire a minority stake of between 20% and 29.9% for a price of EUR 80 per share. This corresponds to a premium of 29.7% compared to the closing price of the last trading day prior to the announcement of the intention to launch the offer (10 October 2014). The offer can be accepted by interested shareholders until 12 December 2014.

November 7, 2014

New Post Logistics Center Opens in Upper Austria

Listed postal service provider Post AG has officially inaugurated the new logistics centre in Allhaming, Upper Austria. Built for EUR 50 million (USD 64 million) and used since the beginning of August instead of the centre located at the Linz main train station, it has been designed for daily up to 1.6 million letters and 100,000 packages. Some 650 employees work in the new post office near the motorway Westautobahn. Various political officials participated in the inauguration.

October 17, 2014

Transport & Logistics - DB Schenker Opens New Logistics Center in Belgrade

DB Schenker will be moving into a new logistics center near Belgrade/Serbia at the beginning of 2015. The center will offer customers the technology for specialized logistics solutions.

August 29, 2014

ÖBB Chairman Pöchhacker is Dead

The longtime chairman of the board of ÖBB and former CEO of the construction company Porr, Horst Pöchhacker, died on Wednesday after a short illness at the age of 75 years.

August 13, 2014

AIRail: New Type of Rail Connections Between Linz and Vienna International Airport

From 14 December 2014, Austrian Airlines and ÖBB are to launch a cooperation entitled ‘AIRail’ on the Linz central station – Vienna Airport – Linz central station route. In future, Austrian passengers with an Austrian flight either preceding or following their rail journey will also be able to use new ÖBB connections with an Austrian flight number between Linz central station and Vienna Airport.

June 16, 2014

Tonight Emirates Will Take the First Airbus A380 to Vienna

Emirates airline will operate a one-off A380 service to Vienna, celebrating 10 years of flying to Vienna International Airport.

May 26, 2014

Yakunin: Broad-Gauge System from Vladivostock to Vienna to Be Established

Vladimir Yakunin, head of the Russian Railways (RZD), wants to stick to his strategic plans and establish an uninterrupted rail link between Vienna and Vladivostock.

May 24, 2014

Emirates: The Air Rights Quarrel Between Austria and UAE Continues

The Arab airline demands considerably more landings in Vienna.

May 23, 2014 · Updated: May 24, 2014; 16:15

Romania: Privatization of Railroad Company Flopped

The privatization of Romanian freight railroad company CFR Marfa failed. The sale of shares is part of the conditions with IMF, the World Bank and the European Union.

October 17, 2013

Poland to Improve Railway Infrastructure

According to CIR, the Polish government’s press center, the government plans on spending PLN 979m on railway infrastructure in 2014 and a further amount of PLN 692m in 2015.

October 16, 2013

Polish Airline LOT Staves off State Aid

Because of the effective restructuring measures, the airline carrier has fended off the need for a capital injection by the Polish state, accordint to Deputy Treasury Minister Rafal Baniak.

October 15, 2013

Turkish Airlines Not Interested in Croatia Airlines

The Turkish airline carrier has denied rumors of acquiring states at Croatia Airlines.

September 11, 2013

Lopatka Demands Reform for Austrian Railways

State Secretary Lopatka demands Minister of Infrastructure Bures to tackle the expensive pension system at the Austrian Railways by doing away with privliges for emplyoees in order to unburden tax payers.

September 4, 2013

Transport & Logistics - DB Schenker to Expand its Operations in Croatia

Simultaneously with the accession of Croatia into the EU, and thus the abolition of customs borders between Croatia and the EU countries, Schenker positions itself on that market as a potential logistics partner.

September 3, 2013 · Sponsored Content

Romania Initiates Structural Reforms

In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.

August 3, 2013

Romania’s Economic Recovery Expected to Strengthen.

Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.

August 1, 2013

Slovenia Lures Russian Investors

Slovenia invites Russian investors to participate in privatization plans.

July 30, 2013

China: Big Plans for Ljubljana Airport

China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.

July 24, 2013

Austrian Airlines: Ongoing Upward Trend

Traffic Results of Austrian Airlines for June 2013: Ongoing Upward Trend in Capacity Utilization

July 11, 2013

Slovenia: Privatisations to Attract Investors

15 companies set for privatisation in Slovenia.

July 1, 2013

Kapsch Successfully Completes Interoperability Tests for GSM-R

Train communication systems from Kapsch CarrierCom successfully tested according to EU interoperability specifications.

June 28, 2013

Austria: Change on Supervisory Board of Austrian Airlines

The Annual General Meeting today decided to make a change on the Supervisory Board of Austrian Airlines AG:

June 28, 2013

Slovenia Expects Economic Recovery As Soon As 2014

On Saturday, the Slovenian Finance Ministry expressed its confidence that the newly adopted action plan would help stabilize public finances and help gain economic recovery despite of Fitch’s downgrade.

June 24, 2013

Kapsch Technology Ensures Safety on the Mecca-Medina Railway Line with it GSM-R Solution

The Prestigious High-speed rail on the pilgrimage route between the two holy cities of the Kingdom of Saudi Arabia is being equipped with the GSM-R solution of Kapsch.

June 24, 2013

Last Try to Save Polish Airline LOT

Poland’s National Treasury starts a final attempt at saving Polish Airlines LOT.

June 21, 2013

Austria: Reduction in Working Hours at ÖBB

So far, the trade association of railways at the Austrian Chamber of Commerce (WKO) has rejected the reduction of working hours at the Austrian Railways (ÖBB).

June 20, 2013

AUA „Makes Good Progress“

Chairman of Lufthansa Christoph Franz is confident that the Austrian affiliate Austrian Airways (AUA) will be able to make the turnaround in time.

June 20, 2013

Austria: Raids by EU Commission at ÖBB

The Austrian Railways is alleged of having agreed to fixed prices with other companies. House searches were carried out.

June 19, 2013

Dispute About Tender for Orient Express

The Orient Express once led through Romania. These days, this section is cause for legal disputes in connection with the tender in the amount of € 330m.

June 13, 2013

AMAG to Provide Aluminium for Airbus

Listed aluminium manufacturer AMAG received a major order by defence and aerospace company EADS.

June 13, 2013

Slovenia: Commission’s Target to Be Achieved in September

Deputy Prime Minister and Interior Minister Gregor Virant announced that Slovenia will achieve the EU Commission’s aim for approving more budget cuts by the end of September to avoid international bailout.

June 6, 2013

Zagreb: In-depth Analysis of SEE Infrastructure Development Plans

Many countries of Southeast Europe are outlining ambitious infrastructure development plans within transport, social, energy and environmental projects.

June 1, 2013

Slovenia: NKBM Still In the Reds

Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.

May 31, 2013

Poland: Alterated Restructuring Plan for LOT

LOT alters restructuring plan, expects more public aid

May 29, 2013

Croatia: Plans For Croatian Airlines’ Bankruptcy

The Croatian government has started planning in case of its national carrier declaring bankruptcy.

May 21, 2013

Croatia: PM Warns Of Croatia Airlines’ Downfall

Prime Minister Milanovic stresses the need to make changes to guarantee a future for the airline company.

May 17, 2013

Turmoil At Croatian Airlines

Employees of the carrier have been on strike for the third day in a row. Numerous flights, including air travels to Austria, had to be cancelled.

May 16, 2013

Poland: Rescue Loan for LOT Approved

A new law passed on Friday makes it possible to privatize Polish carrier LOT.

May 16, 2013

AUA: Increased Capacity Utilization in Europe

Traffic Results for April 2013: Increased capacity utilization in Europe

May 14, 2013

Slovenia Pressed to Take “Swift and Decisive” Actions

On Monday Eurozone Finance Ministers warned Slovenia to take “swift and decisive” action to address its economic imbalances.

May 14, 2013

Poland: LOT Ready To Be Privatized

A new law passed on Friday makes it possible to privatize Polish carrier LOT.

May 14, 2013

Gazpromneft-Aero Signed Major Contract With Turkish Airlines

Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.

May 8, 2013
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