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Labor Time: Austrians Rank Second in EU

Only employees in the UK record more weekly working hours. On average, the working time came at 41.8 hours per week in Austria.

January 10, 2013

Switzerland Ratifies Tax Treaty with Austria

Switzerland has approved the tax deal with Austria and the UK. The treaty will come into force by January 2013.

December 20, 2012

Major Contract for Kapsch in UK

Kapsch CarrierCom today announced that it has been awarded the contract to maintain the entire GSM-R (Global System for Mobile Communications – Railway) network on behalf of British railway infrastructure operator Network Rail.

December 18, 2012

Austrian Gold Stored in UK

80% of Austria´s gold reserves are stored in the U.K. Only 17% of the reserves are kept in Austria.

November 24, 2012

OMV Fosters its Presence in the UK

The Austrian oil and gas group has been awarded 16 exploration blocks and part-blocks in one of its core growth markets West of Shetlands.

November 9, 2012

EU Budget Cuts would Affect Poland

In the last six years, Poland benefitted substantially from EU funds. A cut of € 23bn is being discussed.

October 30, 2012

Working Time: Brits and Austrians Work Most

Regarding the weekly working time, Austria ranks second. The share of employees working in the service industry is slightly below the EU average.

October 5, 2012

Fekter Promotes Financial Transaction Tax

The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.

October 1, 2012

bwin.party to Be Taken Over?

The London and Vienna-listed gambling group is said to be an acquisition target.

September 26, 2012

Banking Supervision: Nowotny Warns of Over-Ambition

According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.

September 18, 2012

„Banking Union Must Not Become Burden for Real Economy“

The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.

September 13, 2012

Euro-Crisis Enters Austria

In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.

September 10, 2012

Austrian Audit Court to Check Gold Reserves

According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.

September 1, 2012

Lower Losses at bwin.party digital entertainment

In its Half year report for the six months ended 30 June 2012, a solid growth in Clean EBITDA was recorded. Losses were down from € 41m to € 21.3m.

September 1, 2012

bwin Enters into Partnership with Manchester United

bwin, Europe’s leading sports book, today announces a new agreement with Manchester United to become the club’s official online gaming and betting partner.

August 18, 2012

Switzerland: „Austrian Tax Deal Will Withstand“

The Swiss Parliament´s President Hans Altherr thinks that the Swiss tax deal with Austria will withstand a popular vote.

August 16, 2012

Austrian companies profiting from the Olympics

The London Olympics were responsible for prestigious and lucrative orders running into double-digit millions in the run-up to the games.

August 14, 2012

Tax Deal with Switzerland in Doubt

After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.

August 13, 2012

Novomatic Expands into U.K.

Astra Games Limited, part of the Austrian Novomatic Group confirmed that, the purchase of trade and assets of the Danoptra Group companies Gamestec Leisure, Bell-Fruit Games, RLMS Sales and Mazooma Interactive Games has now been formally concluded.

July 20, 2012

bwin.party´s Earnings Under Pressure

The Austro-British entertainment company issues a pre-close trading update. Due to new taxes in Germany, the expectations are decent.

July 10, 2012

Austrian Companies Exhibiting at Farnborough Airshow

Farnborough International Airshow is the world's most iconic global aviation event and one of the most important exhibitions in the aerospace industry worldwide.

July 4, 2012

Austrian Delta Bloc UK Wins British Precast Innovation Award

Delta Bloc UK, have been awarded British Precast’s Innovation award for 2012 for their Precast Concrete Road Safety Barrier project on the M4 in South Wales.

July 4, 2012

C-Quadrat to Acquire UK Fund Management Company

The Austrian Investment Fund intends to take over the British BCM Group, which manages assets of € 800m.

July 2, 2012

London Cable Car Put Into Action

This week, the official opening of the 'Emirates Air-Line' (London Cable Car) took place. The cable car was produced by the Austrian manufacturer Doppelmayr and the Swiss partner Garaventa.

June 29, 2012

Credit Crunch in CESEE?

Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.

June 27, 2012

Survival of the Euro Questionable

Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.

June 26, 2012

Fekter Promotes Financial Transaction Tax

There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.

June 23, 2012

Green Party: ESM Approval Depends on Financial Transaction Tax

The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.

June 22, 2012

OMV Announces UK North Sea Divestments

OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).

June 20, 2012

“UK Faces Skills Tragedy"

The Austrian crane manufacturer Liebherr-Sunderland has urged UK engineering businesses to upskill to ensure they can compete effectively in high value international markets.

June 19, 2012

Tax Treaty with Switzerland Finally Confirmed

The second chamber oft he Swiss Parliament approved the tax deal with Austria, Germany and the U.K.

June 16, 2012

Switzerland Ratifies Tax Treaty with Austria

The Swiss National Council approved the tax deal with Austria. Illegal funds of Austrian nationals in Switzerland will be taxed.

May 30, 2012

„Nabucco Is Still an Option“

Elshad Nassirov, Vice-Chairman oft he Azerbaijani gas company Socar, argues that BP´s statement about Nabucco was premature.

May 29, 2012

U.K.: Mayr-Melnhof and Trade Union Settle Dispute

The Austrian manufacturer of packaging products grants a better social package to the former employees of the Liverpool-based factory.

May 29, 2012

bwin.party received licence in Germany

The British-Austrian betting company is allowed to operate online sports betting in the Northern German province of Schleswig-Holstein.

May 24, 2012

Austrian Industrial Sector Pushes for Austerity

The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.

May 22, 2012

Stable Results for bwin.party

Total revenue was up by 1% to € 215.9m (2011: € 214.0m) with strong growth in casino & other games as well as other revenues partially offset by a softer gross win margin in sports betting

May 16, 2012

Eder: „Not Making Mistakes of UK and USA“

The CEO of Austria´s largest steel producer voestalpine warns of a de-industrialization in Europe. Today, the UK and the USA would regret their decisions of the past.

May 14, 2012

Small Growth in Austrian Winter Season

The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.

April 26, 2012

Mayr-Melnhof: Dispute in the UK Escalates

After the British site of the Austrian packaging company was shut down in February, the British trade union Unite attacks Mayr-Melnhof sharply.

April 23, 2012

Fekter meets British Chancellor of the Exchequer Osborne

The Austrian Minister of Finance Maria Fekter and George Osborne talked about Basel III, the EU budget and taxation.

April 23, 2012

Mitterlehner: „AAA is still Far Away“

Austria´s Minister of Economics does not believe that S&P gives back the “AAA” rating soon. However, the debate about Austria´s rating is overvalued, he thinks.

April 17, 2012

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
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