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US and UK Dominating at CEESEG
Investors from the UK and the US are the most important participants at CEESEG in 2011.
April 16, 2012
Austria and Switzerland Signed Tax Treaty
Austria´s Finance Minister Fekter signed the tax treaty with her Swiss colleague Eveline Widmer-Schlumpf. In 2013, additional tax intake of € 1.0bn is expected.
April 14, 2012
Austria Tries to Adapt its Image
In order to attract foreign investors, Austrian companies are attempting to amend the country’s image. Instead of tourism and culture, the industrial sector and the expertise should be underlined.
April 13, 2012
Alpine Shortlisted for Crossrail Fit-Out in UK
Austrian construction firms team up to make the shortlist for fit-out work on 52km of Crossrail tunnels. Worth GBP 400m this represents one the largest contracts on the new east-west rail link across London.
April 12, 2012
Tax Treaty with Switzerland Close to be Finished
Austria aims for reach a tax agreement with Switzerland in order to tax illegal funds deposited by Austrian nationals at Swiss banks. An agreement seems to be within reach.
April 11, 2012
Nowotny Ask For Alternative to Financial Transaction Tax
The governor of the Austrian Central Bank (OeNB) sees a good sign in Austria´s low interest rate on sovereign bonds. The introduction of a European financial transaction tax is unrealistic, the governor says.
April 11, 2012
Where is Austria´s Gold?
The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.
April 10, 2012
Financial Transaction Tax: Schieder Raises Pressure on EU
Austria´s Financial State Secretary Andreas Schieder threatens to vote against higher EU contributions. To discuss about alternatives of the financial transaction tax is “too early.”
April 10, 2012
Austria Tabak Loses Market Shares
The U.S. group Philip Morris is the clear market leader in Austria´s tobacco market.
April 6, 2012
Most Important Cities: Vienna Catches Up
In the ranking of the most important global cities, the Austrian capital could improve substantially. The most severe weakness is the economic activity.
April 3, 2012
British Mayr-Melnhof Factory Occupied
The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.
April 2, 2012
Austria Must Underline its Headquarter Function
Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.
April 2, 2012
Mayr-Melnhof Closes Liverpool Plant
The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.
March 29, 2012
Weak Results at bwin.party
The Austro-British gambling copmany could increase EBITDA by 3.0%. Total revenues remained stable.
March 29, 2012
Austria Insists on Financial Transaction Tax
Despite Germany’s finance minister sees little chance of a European Union agreement on the levy, Austria is sticking to plans for a financial-transaction tax in Europe to help consolidate its budget.
March 27, 2012
UK Investor Plans Sale of Iglo
The British company should get new owners soon. The consequences for the Austrian subsidiary are unknown yet.
March 27, 2012
Austrian Government Holds on Financial Transaction Tax
In spite of discordance at the EU-level, the Austrian government is convinced to impose taxes on financial transactions by 2014.
March 17, 2012
Downsizing of Nabucco Plans
The companies behind the proposed 3,900km Nabucco pipeline that would carry natural gas from the Caspian region to Europe have pitched a slimmed-down version of the project.
March 16, 2012
Haselsteiner Buys 15% Stake in Conwert
Hans-Peter Haselsteiner, CEO of the Austrian construction company Strabag, buys a 15% stake in the Austrian real estate supplier Conwert. The seller is the London-based Petrus Advisers LLP.
March 14, 2012
Austria Is Concerned About UK´s Human Rights Reform
UK´s Prime Minister David Cameron intends to reform the European Court of Human Rights. Austria said it had “serious concerns” about his ideas.
March 14, 2012
Tax Treaty: Conflict with EU
The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.
March 7, 2012
Viennese Office Market: Collapse Threatens
Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.
March 5, 2012
Voestalpine Awarded Major Contract in the UK
Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.
March 5, 2012
Austria: Low Attractiveness as Research Location
According to a study among European scientists, Austria loses its reputation. The most attractive destination is the U.S.
February 27, 2012
Decision on Nabucco Again Postponed
The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.
February 24, 2012
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
Expansion of the Board of ATB
The Management Board of ATB Austria Antriebstechnik AG was enlarged: the British national Ian Lomax becomes Chief Operating Officer.
February 21, 2012
Doppler Mineral Oil Announces Record in Sales
The largest independent mineral oil trader in Austria recorded sales of € 886.9m (+19%).
February 16, 2012
AUA to Withdraw from Mumbai
Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.
February 13, 2012
Major Offer for Vienna International Airport by Petrus Advisers
The London-based real estate company made a € 450m offer to VIA. However, the demanded property is not for sale.
February 8, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
TGW to Expand in China and Brazil
The Austrian storage logistics supplier gained a first contract from China after having established a distribution company. In Brazil, TGW agreed on a joint venture.
January 20, 2012
Substantial Decrease in Stock Market Turnover
The Vienna Stock Exchange recorded a decline in stock market turnover by 18% in 2011. This is also due to new taxes.
January 2, 2012
New Record for Austrian Wine Exports
Although the quantity of wine exports is shrinking steadily, the export volume worth € 126m reached a new record.
December 28, 2011
UK Court Freezes Assets of Kohn
A British judge froze funds of 27m pounds (€ 31.4m) of the Austrian former investment banker Sonja Kohn, who is accused to have participated in Bernard Madoff´s frauds.
December 3, 2011
Andritz Wins Order in the UK
The Austrian technology group and the energy group E.ON signed a contract on the supply of equipment for a biomass energy plant. The project has a volume of € 80m.
November 17, 2011
Stable Results for bwin.party
The British-Austrian gambling company reports solid third quarter performance driven by strong growth in casino, new games in Italy and improved competitive position in dotcom poker
November 8, 2011
bwin.party to Enter USA
The British-Austrian gambling company has now found a partner in ordert o provide its gambling services in the U.S.
November 2, 2011
BP Determines Purchase Contracts With OMV
The Austrian subsidiary of British Petrol ends up contracts with the Austrian oil corporation. Possibly better conditions should be negotiated.
October 31, 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
UniCredit: Sale of Bank Austria?
According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.
October 8, 2011
BP Plans Rival Project to OMV´s Nabucco
The British Petrol Corporation intends to open up new gas fields in the Caspian region. BP is thus a new competitor for the Austrian OMV.
September 27, 2011
Lenzing Group: Capacity expansion completed at the Heiligenkreuz/Burgenland plant
The Lenzing Group has successfully completed its capacity expansion drive initiated three years ago at the fiber production facility located in Heiligenkreuz (Burgenland, Austria).
September 7, 2011
Noricum Announces Significant Gold Mineralization at Austrian Projects
The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.
September 5, 2011
bwin.party in the Red
The Austro-British gambling group reported a loss before tax of € 35.7m for the first half of the year. Total revenue dropped by 3% to € 398m.
August 31, 2011
OMV Announces Re-Development of Schiehallion Oil Field
A joint venture including the Austrian oil and gas company will spend € 3bn on a major re-development of the Schiehallion oil field to the west of the Shetland Islands.
July 13, 2011
bwin.party to Start Share Buy-Back and Dividend Payments
The Austro-British gambling group starts paying dividends this year. Shares for up to € 75m will be bought back by the company.
June 30, 2011
bwin.party Reports Slight Increase in Revenues
Total net revenue up 2% to €217.8m (2010: €213.9m); average daily revenue up 4% versus the previous quarter with growth in sports betting and casino & other games offset by weakness in poker.
May 9, 2011
voestalpine Awarded Major Contract in London
20.000 tons of pre-cut heavy-plate shapes from Linz, Austria, for windpark near London. Offshore wind tower project saving up to 560,000 tons of CO2 emissions.
April 30, 2011
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