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Austria's Current Account: Net Income 2.7% of the GDP
Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.
May 5, 2011
WKÖ Considers Nevada as Optimal Trading Partner
Nevada is diversifying towards renewable energies: huge opportunities for Austrian companies are expected.
April 29, 2011
Vienna Insurance Group Launches new ADR Programme in the US
The Vienna Insurance Group AG Wiener Versicherung Gruppe is grouping the independent American Depositary Receipt (ADR) programmes.
April 28, 2011
Solid Delivers Solar Technology to the U.S.
The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.
April 23, 2011
Eastern Europe as Growing Market for Austrian Wine Exports
Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.
April 23, 2011
Texas Offers Opportunities for Austria's Energy Industry
Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.
April 22, 2011
Overnight Stays Record for Vienna in March: +3.3%
This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.
April 21, 2011
Kapsch TrafficCom IVHS and Federal Signal Corporation enter into Cooperation for North America
Kapsch TrafficCom IVHS Corp. ("KTC ,IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding regarding ways in which the two organizations mutual business interests in North America.
April 20, 2011
GATX Rail Europe Announces Entry into Turkish Marketplace
The Vienna-based GATX Rail Europe today announced its entry into the Turkish marketplace with the deployment of newly-manufactured railway tank wagons.
April 18, 2011
ÖBB: Massive Losses in Ireland
The ÖBB had to write off € 260m because of a sale and lease-back transaction.
March 19, 2011
Bawag: Successful Return to Profitability
The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.
March 17, 2011
Concerns about "Eurovegas"
The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.
March 16, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
Case IH: Increase in Tractor Production
The American company which produces tractors in Austrian St. Valentin, plans to expand its capacity massively.
March 12, 2011
The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities
In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.
March 1, 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
Strong Sales Growth for McDonald's
The fast-food chain achieved 9.4% more customers. Sales increased by 8.7%.
February 25, 2011
Lenzing Sells Plastics Filaments Business
The Austrian fiber manufacturer sells plastics filaments business to consortium headed by the US-American Global Equity Partners
February 19, 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
Red Bull Intends to Double Sales
The Austrian energy drink producer plans a period of strong growth for the next eight years.
February 15, 2011
Haidlmair Group: Major Contract from the U.S.
The medium-sized Austrian toolmaker Haidlmair has obtained a major contract from a U.S. logistics company.
February 12, 2011
Manpower Austria Increased Sales
The sales of the U.S. services group Manpower increased last year by 54% to € 130m in Austria.
February 8, 2011
Four Major Orders for Andritz
The Austrian Andritz Hydro receives international orders to equip four hydropower plants. The contract value is € 80m.
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
Atrium Terminates Trust Agreements with Meinl
The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.
February 3, 2011
Kapsch TrafficCom Names new CEO for its North American Operations
The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.
February 2, 2011
Constantia Packaging Sells Austrian Subsidiaries
The industrial holding owned by the US-american JP Morgan sells the board manufacturer Duropack and the aluminium company AMAG.
January 31, 2011
Pankl: Acquisition of US-company
The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%
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
GM Powertrain-Austria Celebrates its 20 Millionth Transmission
The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.
January 28, 2011
U.S. Embassy on Hypo Group: "Mini-empire in the Balkans"
New Wikileaks documents indicate that the U.S. Embassy analyzed the symbiosis between the Austrian financial and political scene.
January 27, 2011
Slight Upward Trend in Austrian Tourism
Tourism in 2010: 0.4% more overnights; all-time-high in number of arrivals.
January 27, 2011
Meinl Bank: New Attacks Against Atrium
The dispute between the Austrian bank and the American-Israeli real estate fund is getting fiercer. Meinl is calling a bond.
January 21, 2011
Pfizer Austria: First Sustainability Report Published
Pfizer Austria published its first sustainability report based on the recognized guidelines of the Global Reporting Initiative.
January 20, 2011
Citigroup Trades on Vienna Stock Exchange
Vienna Stock Exchange gives admission to trading of Citigroup Global Markets Limited, London (UK).
January 18, 2011
Bawag and Post Share 520 Branches
Investments in the common branch network of the Austrian Post and the U.S. fund Cerberus owned Bawag are running.
January 14, 2011
Austria's Competitiveness Increases Slightly
Austria rose one place, to the 21st, in the ranking of the most liberal economies.
January 14, 2011
OMV: Moody´s Warns Against Downgrade
The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.
January 10, 2011
Recovery in Austria´s Labor Market Continues
The domestic labor market´s data for 2010 were better than expected. The number of job-seekers declined by 3.7%
January 8, 2011
Management Change at IBM Austria
Tatjana Oppitz is the new Director-General at IBM Austria, replacing Leo Steiner.
January 7, 2011
WIFO and IHS Foresee Economic Weakness
The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.
January 5, 2011
Spindelegger: Turkey's Joining the EU Will Not Happen Before 2024
In an interview with the "Wirtschaftsblatt", the Austrian Foreign Minister stresses the relevance of Turkey. Croatia should come into the EU much earlier EU.
December 29, 2010
AUA has to Cancel Flight to the U.S.
Persistent snowstorms in the eastern United States, have forced Austrian Airlines to cancel a flight to New York, as local airports there are closed.
December 27, 2010
NXP Sells Sound Solutions Business
The major electronic company NXP moves to the Styrian Gratkorn. The former Philips-subsidiary has sold its division for speakers located in Vienna, Austria.
December 26, 2010
Contradictions about Sanader's Connection to Carinthia
The connection between the former Croatian Prime Minister Sanader and the Carinthian Hypo Group is multifaceted, but also full of contradictions.
December 14, 2010
Madoff Proceedings: Billion Lawsuit against Bank Austria
The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.
December 13, 2010
Lenzing Expands Fiber Production Capacity
The Lenzing Group, an Austrian actor in man-made cellulose fibers, sets the course for the future expansion of its fiber production capacity.
December 13, 2010
Sattler AG Expands to the U.S.
The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.
December 6, 2010
Wikileaks: Criticism of Austrian Politicians by the U.S.
The critical view on Austria's leading politicians on part of the U.S. is written down in the recent revelations of the Wikileaks platform.
December 5, 2010
Passing On of Bank Information: FMA Defends Itself
Since, according to Wikileaks, the Austrian Financial Market Authority (FMA) has passed on bank data to the U.S., a position has been taken about the issue.
December 5, 2010
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