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Transport Industry

Istanbul to Receive € 22bn for World's Largest Airport

Today, a Turkish construction consortium has secured itself a record sum of around € 22bn for the contract of the construction of the world’s biggest airport in Istanbul.

May 3, 2013

Croatia: Pushing Ahead With Croatia Airlines Restructuring

Despite of protests of employees restructuring measures will be continued.

May 3, 2013

Croatia Airlines To Cancel Flights After Staff Went On Sick Leave

Croatia Airlines had to cancel 13 flights on May 1, after 25% of the airlines staff went on a sick leave, in what the heads of the airline consider a protest against changes to employment conditions.

May 2, 2013

Austrian Airlines: Worse Results Than Expected

Results of the first quarter of 2013: Austrian Airlines improves earnings by EUR 11 million only.

May 2, 2013

Vienna: Infrastructure & Construction Summit Brings Together All Balkan Countries

Government ministers from Austria and various Balkan countries will be discussing infrastructure and construction in the region at a two-day summit in Vienna at the end of May.

April 30, 2013 · Sponsored Content

Lopatka: „Poland Important Economic Partner and Ally of Austria in EU“

Austrian State Secretary encourages bilateral relations and trade between the two Central European countries as well as improved relations between EU and US.

April 30, 2013

Voestalpine: Compensations for Deutsche Bahn

Deutsche Bahn (DB) is to receive compensations by Austrian steel manufacturer voestalpine.

April 29, 2013

Croatia: Trying to Sell Croatia Airlines

Croatia is starting an attempt to try and sell a stake of troubled Croatia Airlines (CA).

April 25, 2013

Romania: Criticism from EU for Budget Projection

The EU Commission criticizes Romania’s budget projections for the use of EU funds in the time frame between 2014 and 2020.

April 24, 2013

Bulgaria: Sofia As Most Affordable Tourist Destination

Huffington Post has nominated Bulgarian capital Sofia to be the most affordable tourist destination in Europe.

April 24, 2013

Austria: Haselsteiner to Increase Share at Westbahn

Hans Peter Haselsteiner, CEO of Strabag, is going to increase his stake in Westbahn to 47 %, the railway company, which is in majority privately held and main competition for Austrian Railways (ÖBB).

April 23, 2013

Austria: Tyrolean and AUA Agree on Social Plan

After eleven hours of negotiations, three main points were decided on. However, details have not been disclosed yet.

April 18, 2013

Eder: Future of Voestalpine and Steel Manufacturing Industry

In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.

April 4, 2013

New opportunities for Lithuanian and Turkish business

Lithuanian President Dalia Grybauskaitė together with Turkish leader Abdullah Gül opened the Lithuania-Turkey business forum.

April 4, 2013

Poll: Estonians Want Economy Minister to Resign

56 % of Estonian citizens want the Economy Minister Parts to step down.

April 3, 2013

Gazprom to Absorb Romanian Bunkering Operator

Gazprom affiliate Neft Marine Bunker LLC has acquired Romanian Marine Bunker Balkan.

April 3, 2013

How Austrian Airlines Intends to Soar Again

In an interview with the Austrian newspaper Presse, Jaan Albrecht, head of Austrian Airlines explains why he had to carry out sudden drastic measures and what the future of the airline should look like.

March 29, 2013

Austria: Tyrolean Administration to Be Relocated

Austrian Airlines is about to relocate Tyrolean’s administration to Vienna along with new managing director Klaus Froese. Around 100 of the total of 400 staff members working in Innsbruck are concerned.

March 28, 2013

Vienna International Airport: Top Score of +127.5 % Net Profit

EBITDA at € 221.m (+17.1%), net profit after non-controlling interests of € 71.9m, dividend: slight increase to € 1.05 per share (2012: € 1.00)

March 20, 2013

Austrian Airlines Records Profits

Due to one-time effects, the Austrian subsidiary of Lufthansa returns to the profit zone. Austrian Airlines expects the final turnaround in 2013.

March 14, 2013

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Slovak Unemployment Rate on the Rise

In January, compared with January 2012, the employment decreased in five surveyed sectors.

March 14, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Hungary: Percentage of Foreign Direct Investments in Decline

Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.

March 4, 2013

Poland: LOT Airline Downsizing Personnel

Due to the restructuring program, the unprofitable airline company has to lay off 360 workers.

March 2, 2013

Hungary Enlarges Railway Network

State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.

February 28, 2013

Austrian Railways Achieved Net Profit Last Year

For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.

February 26, 2013

Czech Republic: Trends in 2012

Export and Import Price Indices and Price Indices for International Transport

February 25, 2013

Vienna International Airport: Slight Decrease in Passengers

Vienna Airport: Minus 1.7% in passengers during January 2013. “Unusually heavy snowstorms in eastern Austria responsible for decline.”

February 14, 2013

Turkey Plans to Build World´s Biggest Airport

Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.

January 23, 2013

Vienna International Airport: Moderate Increase in Passengers

Flughafen Wien AG: 5.0% increase in passengers to 22.2 million in 2012. For 2013 Vienna Airport expects growth of 1 to 2% in the number of passengers as well as higher revenue and EBITDA.

January 17, 2013

Austrian Railways: Sale is „No Issue”

Christian Kern, CEO of Austrian Railways (ÖBB) underlines that the company must not be sold.

November 24, 2012

Vienna International Airport Improves Results

Positive commercial development at Flughafen Wien AG: first three quarters bring higher revenues and earnings.

November 22, 2012

Strabag Aims to Take Over Italian Highway Operator

The Italian highway operator Milano Serravalla is going to be privatized. The Austrian construction company plans to acquire the majority.

November 7, 2012

Austrian Railways: Net Income to Reach € 200m in Medium Term

Despite the difficult economic situation, CEO Christian Kern aims to increase the profitability further. “The fourth quarter will be brutal.” he says.

October 20, 2012

Vienna Airport: Plus 3.6% in Passengers During September 2012

The number of passengers handled by Vienna Airport rose 3.6% year-on-year to 2,173,656 in September 2012.

October 11, 2012

India and Austria Sign Agreement on Shipping

A Memorandum of Understanding (MoU) on Technology Cooperation in the Shipping and Ports Infrastructure was signed on Wednesday between India and Austria, IBNS reports.

October 5, 2012

City of Vienna Appeals against Third Landing Strip

Vienna Airport: The core shareholder appeals against the result of the positive environmental impact assessment. According to the City of Vienna, this is only due to formal reasons.

September 10, 2012

Austrian Railways: Pöchhacker Opposes to Privatization Plans

Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.

September 10, 2012

ÖBB to Become Privatized?

In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.

September 8, 2012

Poland as European Logistics Hub

Real estate analysts predict that Poland will become Europe´s logistics hub in 2020.

September 1, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012

Vienna Airport: Resistance Against Third Landing Strip

In 2020, 30m Passengers are expected at VIA. Thus, a third landing strip is essential, VIA´s management argues. However, citizen movements oppose to the plan.

August 25, 2012

Vienna International Airport Announces Satisfying Results

Flughafen Wien AG: positive development of revenue and earnings in the first half of 2012. Forecast for expected net profit in 2012 raised to over € 60 million

August 22, 2012

Austrian Railways to Record Profits

In the first six months of 2012, ÖBB (Austrian Railways) has recorded operating profits.

August 16, 2012

Vienna Airport: Small Increase in Passengers during July 2012

The number of passengers handled by Vienna Airport rose 1.8% year-on-year to 2,192,715 in July 2012.

August 14, 2012

„30 Million Passengers in 2020“

In an interview with „Kurier“, VIA´s board member Julian Jäger explains why the third landing strip is essential for Vienna Airport.

August 8, 2012

Austrian Railways „Fit for the Capital Market in a Few Years“

Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.

August 6, 2012

Austrian Railways to Record Profits Already in 2012

Christian Kern, CEO of Austrian Railways, explains that the company´s restructuring is going on. The results would be better than the expectations.

July 16, 2012

Vienna Airport to Build Third Landing Strip

Vienna International Airport is now entitled to start the construction works oft he third landing strip. The construction works will take two years.

July 11, 2012