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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

Shares of bwin.party to Start Trading in Vienna

The stocks of bwin.party Digital Entertainment PLC (“bwin.party”), which starts listing on the London Stock Exchange as of 1 April 2011, will also be traded on the Third Market of the Vienna Stock Exchange.

March 26, 2011

Awards for Austrian Products at British Food Fair

Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.

March 19, 2011

Opportunities for Austrian Medical Technology in the UK

An Austrian study showed Austrian buinesses the opportunities offered by the British market: Austrian exports increased by 15% in 2010.

March 17, 2011

Philip Morris is Market Leader in Austria

The American tobacco company Philip Morris increased its market share, overtaking the Japanese Austria Tabak group for good.

February 26, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Austrian Companies on Roadshow to London

Especially one of Austria´s leading banks, Erste Group, will be presented at the Investor Day in London.

February 2, 2011

bwin: Uncertain Future in Austria

After the approval by the shareholders of the merger with the British PartyGaming, the task division is still to be determined.

January 29, 2011

"Austria Does Not Deserve an AAA Rating"

The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.

January 29, 2011

Magna Steyr Expands Production in Graz

The German carmaker group BMW has a further model of the British brand "Mini" manufactured in Austria.

January 27, 2011