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Tyrol

Austria Underlines South Tyrol´s Autonomy

Austrian State Secretary Wolfgang Waldner on working visit in South Tyrol. Austria suggests an “Alpine Strategy”.

March 19, 2012

Tyrol Equity Takes over Rim Producer BBS

The Austrian industrial hold, owned by Raiffeisen, Hypo Tyrol and Swarovski, acquired the insolvent German rim producer BBS.

February 27, 2012

Hypo Tirol Withdraws from Italy

The Tyrolean regional bank decided in favor of a downsizing strategy. The Italian market should be served through Innsbruck.

February 23, 2012

BTV: Moderate Increase in Profits

The Austrian regional bank for Tyrol and Vorarlberg reached growth in profits, total assets and lending.

February 10, 2012

S&P Downgrades Austrian Provinces

The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.

January 26, 2012

Tyrol Equity Takes Over German RSN Sihn

The Austrian investment company acquired 50.1% in the German automotive supplier company RSN Sihn.

January 2, 2012

Real Estate Boom in Austria

Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.

December 14, 2011

€ 230m Capital Increase at Hypo Tirol

The province of Tyrol, the owner of Hypo Tirol, decided to strengthen the bank´s capital base. From where the funds will be provided, is not clear yet.

December 12, 2011

Hypo Tirol Needs Capital Increase

The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.

December 7, 2011

Further Write-Offs at Hypo Tirol Possible

The Tyrolean bank could make further write-offs in 2012. Non-performing loans of € 30m in Italy are still in the books.

December 5, 2011

Hypo Tirol Expects Loss of € 110m

The Austrian regional bank’s result will be impacted by major write-downs of non-performing loans in Italy.

December 2, 2011

Kneissl Acquired by “Friends of Sports”

The bankrupt Tyrolean ski producer is taken over by a German holding company. The brand name will be retained; the Kufstein production site will be expanded.

October 6, 2011

Kneissl to Be Taken Over by Foreign Investor

Negotiations about the sale of the bankrupt Tyrolean ski producer are about to be concluded. Three investors from Europe and overseas are still interested in an acquisition.

September 23, 2011

New Difficulties for Brenner Tunnel

The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.

September 12, 2011

Kneissl: Decision about Sale to Be Taken in September

Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.

August 29, 2011

ugichem Closes € 2m Financing Round

The Tyrolean biotech company secured funding from two major investors and a research grant from the Austrian Research Promotion Agency.

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

Bankruptcy Judge Stops Production at Kneissl

The Austrian ski manufacturer continues the search for an investor. Production has been stopped by the judge in the bankruptcy proceedings.

July 14, 2011

Plansee Group Achieved Sales Record

The Austrian provider of metallurgically manufactured products increased revenue by 46%. A new factory near Shanghai is scheduled to start operation in 2012.

July 7, 2011

No Money from Al Jaber: Restructuring of Kneissl Has Failed

The last attempt to rescue the Tyrolian ski manufacturer has failed as majority owner Al Jaber has not transferred the € 2.1m necessary to continue business. The company will be liquidated.

June 15, 2011

Swarovski to Invest in US Jewelry Retailer

The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.

June 7, 2011

Kneissl: Creditors Accept Restructuring Plans

Al Jaber has to pay € 2m into an escrow account before June 15. Otherwise, the Tyrolian company will be liquidated.

June 1, 2011

Hypo Tirol Continues Restructuring Process

The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.

April 27, 2011

ÖBB Promote Construction of the Brenner Tunnel

After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.

April 14, 2011

Plansee Expands Into Chile

The Austrian Plansee Group acquires minority ownership of the Chilean company Molibdenos y Metales S.A.

April 5, 2011

Increase of Profits at RLB Tirol

Raiffeisenlandesbank Tirol registered a higher yearly net profit despite falling income. Risk provisions were greatly reduced.

April 5, 2011

BTV with Record Figures in 2010

The regional bank for Tyrol and Vorarlberg was able to increase its net income from 20.4% to 61.8%.

March 26, 2011 · Updated: March 26, 2011; 13:03

Tax Revenue from the Tyrolean Industry is Picking up Strongly

IV (Industrialists Association) President Schretter said: "The manufacturing industry contributes hugely to prosperity; no new burdens for our companies, the costs of green electricity are an enormous burden"

March 15, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Brenner Tunnel: ÖBB will not pay

The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.

February 22, 2011

Kneissl is Insolvent

Parts of the Austrian Kneissl group have started insolvency. Sheikh Al Jaber’s capital contribution did not take place.

February 8, 2011

Energie AG Plans Capital Increase

The Upper-Austrian energy company is to raise funds in order to realize further investment projects.

February 7, 2011

Sales Increase at Darbo

The Austrian jam manufacturer increased its sales by 5% in 2010. Already 42% go to exports.

February 5, 2011

Berglandmilch Merger Approved

The merger between the Austrian market leader Berglandmilch and Tirolmilch was approved by the Federal Competition Authority (FCA).

February 5, 2011

Austria Provides 1.09 million Beds for Tourists in 2010

In Austria, the bed capacity utilization in the winter season is higher than in the summer season.

February 4, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Swarovski plans to grow again

The traditional Tyrolean company intends to increase its sales by 10% after three difficult years.

February 1, 2011

Increase in Passengers at Austrian Airports

Every of the six Austrian Airports could record substantial growth in passengers in 2010. Their number rose by 7.9%.

January 31, 2011

Kneissl: Insolvency Seems Inevitable

The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.

January 3, 2011

Hypo Tirol Regroups

The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.

November 16, 2010

Réné Benko Has already Invested 700 Million Euro This Year

The Tyrolean invests as heavily as before in Vienna and Innsbruck real estate. As to Eastern Europe, he expresses cautious optimism.

October 19, 2010
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