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USA

U.S. Hedge Funds Hinders Andritz

The Austrian technology group Andritz plans a complete takeover of the German Schuler Group. The U.S. hedge funds Elliott Capital recently acquired a stake in Schuler.

June 25, 2012

Pankl: Major Contract of U.S. Subsidiary

Pankl Racing Systems AG - Sikorsky and Pankl Aerospace Systems enter into new long term supply agreement (Multi-Year VIII Contract).

June 22, 2012

Polish-American Economic Summit in Warsaw Generates New Orders for Poland

Among the US enterprises which announced new deals with their Polish partners were Boeing, Sikorsky and Westinghouse.

June 21, 2012

Intensive Talks between OMV and Romanian Government

The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.

June 19, 2012

Fitch: Austria´s AAA Not Endangered

According to the U.S. rating agency, Austria´s creditworthiness remains at a high level. Nevertheless, reforms would be needed.

June 19, 2012

Austrian E-Control Supports Shale Gas Exploitation

Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.

June 13, 2012

Kommunalkredit Sale: Austria Hires Morgan Stanley

The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.

June 6, 2012

Slow Growth in Austrian Foreign Trade

January to March 2012: small increase in imports (2.3%) and exports (2.8%).

June 6, 2012

U.S. Forest Laboratories Cooperates with Nabriva

The U.S. pharmaceutical company provides funds of $ 25m to the Austrian Nabriva and secures pre-emptory rights.

June 2, 2012

Austrian Business Location: Further Slump in Competitiveness

According to the Swiss Management Institute IMD, Austria only ranks 21th among 59 analyzed countries. The Austrian tax policy is the absolute weak point.

May 31, 2012

Century Casinos Closes $ 27m Credit Agreement

The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.

May 30, 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

Rising Revenues at Novomatic

The Austrian vending machine producer recorded a 17.2% in revenues. The gambling segment was Novomatic´s growth driver.

May 22, 2012

Lam Research Expands in Austria

The U.S. company opens a new research laboratory in Villach (Carinthia) and thus makes a clear commitment to its Austrian operations.

May 18, 2012

Congresses: Vienna Ranks First

Vienna is still number one worldwide in cities hosting international congresses. The U.S. takes first in the country category.

May 18, 2012

Red Bull Still Waits for China

The Austrian energy drink producer aims to enter the Chinese market but still waits for the approval by Chinese authorities.

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

AT&S Expands in the U.S.

The Austrian printed circuit board manufacturer opens second US office.

May 14, 2012

Cerberus May Sell Bawag

Five years ago, the U.S. investment fund Cerberus acquired the financially stricken Austrian Bawag bank. Next week, the retention period expires.

May 12, 2012

bwin.party Expands in California

The Austrian-British gambling company achieved an online poker agreement in California

May 8, 2012

Century Casinos Records Rising Earnings

The New York and Vienna-listed Century Casinos, Inc. announced its financial results for the three months ended March 31, 2012. Operating income was up slightly.

May 7, 2012

AUA to Offer More Flights to USA

After having implemented the austerity package, Austrian Airlines wants to expand. Above all, more flights to the U.S. will be offered.

May 5, 2012

Immofinanz Expands Investor Base

In order to gain U.S. investors, the Austrian real estate company started an American Depositary Receipt program.

May 4, 2012

Austrians in the Centre of the Global IT Industry

The first Austrian companies from the IT industry are currently in California as part of the "Go Silicon Valley 2012" technology initiative.

May 3, 2012

Miba Continues Strong Growth

The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.

May 3, 2012

Major Order at TGW by U.S. Gap Inc.

The U.S. specialty apparel retailer Gap Inc selects the Austrian TGW Systems to manage their residual carton handling operation.

May 2, 2012

U.S. Delegation Impressed by Austrian Urban Technologies

“Austria is probably 10 years ahead of the U.S. in regard to urban planning and implemented technologies,” was the credo heard from visiting U.S. experts on urban planning when visiting Austria in April 2012.

May 2, 2012

AMAG Sale Completed

The last tranche in the Austrian aluminum producer AMAG was sold by CP Group/One Equity Partners to the Austrian B&C Industrieholding AG.

April 25, 2012

Former Bawag CEO Criticizes Cerberus Sharply

Helmut Elsner, former CEO of Bawag, accuses the new owner Cerberus to abuse the bank as “garbage dump” for toxic assets.

April 18, 2012

Roiss Claims European „Fracking“ Strategy

OMV´s CEO Gerhard Roiss calls for a common strategy to exploit shale gas. The European industrial sector should become more competitive.

April 18, 2012

Fitch Confirms “AAA” For Austria

The U.S. rating agency Fitch Ratings has affirmed Austria's Long-term foreign and local currency Issuer Default Ratings at 'AAA'. The rating Outlooks on both Long-term ratings are Stable.

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 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

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

„Natural Gas to Become Most Important Energy Source“

Gerhard Roiss, CEO of the Austrian oil and gas group OMV pushes the EU to recognize the importance of natural gas.

April 7, 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

Andritz Acquires U.S. Bricmont Inc.

The Austrian technology Group Andritz has acquired Bricmont Inc. from Inductotherm Group. Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in China and India.

March 30, 2012

Economic Upswing for Austria?

The economic research institutes IHS and WIFO anticipate that the Austrian economy accelerates by summer 2012. Both warn of “too much euphoria”, however.

March 29, 2012

Burger King to Expand in Austria

The U.S. fast food chain enlarges its Austrian branches. Moreover, Burger King aims to enter the coffeehouse segment.

March 26, 2012

Starbucks Becomes Rival of Red Bull

The U.S. coffeehouse chain enters the energy drink market and attacks he market leader Red Bull.

March 22, 2012

CarbonLite Opens $ 58m PET Recycling Plant

The Austrian Erema supplies pelletizers for the world largest bottle-to-bottle recycling plant in Riverside, California.

March 22, 2012

Windtec: Espionage Scandal Does Not End

A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.

March 21, 2012

AMAG Appreciates Changes in Shareholder Structure

With B&C Industrieholding, the Austrian aluminum producer got a new major shareholder. RLB Upper Austria widens its share up to 16.44%.

March 19, 2012

Bawag to Refund Bank Aid in 2014 by Earliest

The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.

March 17, 2012

30% in AMAG Sold to B&C Industrial Holding

One Equity Partners (OEP), a subsidiary of JP Morgan, sold a major stake in the Austrian aluminum company to B&C Industrial Holding.

March 16, 2012

Bawag Underlines its Profitability

The Austrian bank, which is owned by the U.S. investment fund Cerberus, could report profits before taxes of € 156m. Against 2010, this is a rise by 13%.

March 16, 2012

Vienna Initiative an Insurance Policy, not a Game Changer, Fitch Says

The principles adopted Tuesday in “Vienna Initiative 2.0” do not change Fitch’s base case expectation that central, eastern and south-eastern Europe (CESEE) will continue to see weak, or marginally negative, credit growth in the near-to-medium term.

March 15, 2012

Red Bull Not Interested in Monster Beverage

Monster Beverage may not be a willing target. Moreover, the Austrian energy drink producer achieves strong organic growth in the U.S.

March 12, 2012

Automotive Industry Outlook in NAFTA Markets

In October, an automotive mission to Mexico and Detroit will be held by the Austrian Trade Commissions Mexico, Toronto and Chicago.

March 12, 2012
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