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Bawag Sues Linz For € 418m
The U.S.-owned bank now sues the Upper-Austrian capital. Linz has terminated a swap contract based on Swiss Francs.
November 8, 2011
Intercell Still Reports Losses
The Austrian pharmaceutical company could reduce its net losses from € 50.8m to € 20.62m. For the full year the net loss expectations ranges up to € 40m.
November 8, 2011
Starbucks to Expand in Austria
The U.S. company plans to strengthen ist market presence in Austria. In 2011, a double-digit sales growth is expected.
November 7, 2011
Linz Believes in Victory Over BAWAG
The capital of the province of Upper Austria filed a lawsuit against Bawag, which is held by the U.S. investment funds Cerberus.
November 2, 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
Growth in U.S. Winter Sports Market as a Chance
Against 2010, the U.S. winter sports market shows a rise in sales of 12%. The Austrian winter sports industry regards this as chance.
October 25, 2011
R&D Expenses on the Rise
The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).
October 24, 2011
Subway to Restart in Austria
The U.S. fast food chain aims to return to Austria. In 2005, Subway had to leave, which was due to the insolvency of a franchising partner.
October 24, 2011
GM Makes Major Investment in Austria
The U.S. corporation invests € 50m in its Viennese powertrain factory.
October 19, 2011
U.S. Investor Buys 44% Stake in Leica
The U.S. investment fund Blackstone acquired 44% in Leica Camera from the Austrian investor Andreas Kaufmann.
October 19, 2011
U.S. Company Claims $ 25m From Andritz
The U.S. company Ovalstrapping accuses the Austrian technology Company Andritz to have copied its technologies. Andritz defends itself.
October 19, 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
Upper Austria Waits for Google
The Austrian province already has provided the infrastructure for the U.S. internet service provider google. But construction works for the data processing center did not began until now.
October 8, 2011
Layoff at UPC
The Austrian subsidiary of the U.S. group Liberty Global further reduces staff.
September 20, 2011
German and Austrian Economy Claim Improvements for Company Loans
Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.
September 20, 2011
AMSC Cuts Jobs in Austria
The Amercian Superconductor Corporation (AMSC) decided to cut 150 jobs at its subsidiary Windtec. In Austria, 40 positions are concerned.
September 13, 2011
The 2012 Viennese Opera Ball in New York
Dignitaries, Diplomats and Debutantes will open the 57th Viennese Opera Ball in New York on Friday, February 3, 2012.
September 12, 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
Austrian Foreign Trade Rising Significantly
January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%
September 6, 2011
Emporia has Expansion Plans
The Austrian manufacturer of mobile phones for elderly persons intends to enter the US and the Russian market.
September 5, 2011
Rosenbauer Receives Record Order from Brazil
The Austrian manufacturer of fire fighting vehicles will outfit Brazilian airports with 80 Panther ARFF ready for Football World Cup 2014. It is the biggest single order for this vehicle in the company’s history.
August 18, 2011
Do & Co Expands in New York
The Austrian catering company has expansion plans. The production area in New York will be doubled and one company will be acquired by the end of the year.
August 9, 2011
Austrian Companies Not Worried by US Downgrade
Despite falling share prices, most Austrian companies with exposure to the USA remain confident.
August 9, 2011
The Austrian Trade Commission in Los Angeles
The Austrian Trade Commission in Los Angeles is a point of contact for products/specific information of the following sectors: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.
August 4, 2011
The Austrian Trade Commission in Chicago
The Austrian Trade Commission in Chicago is a local link to Austrian companies, products and services and Austria as an investment location in the heart of Europe.
August 4, 2011
The Austrian Trade Commission in Washington D.C.
The Austrian Trade Commission in Washington D.C. cooperates with the Austrian Embassy, Austrian representatives at various International Financial Institutions (World Bank, IMF...
August 4, 2011
The Austrian Trade Commission in New York
The Austrian Trade Commission in New York is a "one stop shop" for most things you need to do business with Austria, including following services: Business Opportunities, Sourcing References, Trade Shows & Events, Doing Business, Investment.
August 4, 2011
First European U.S. Sustainable Construction Forum
The Austrian Trade Commission Chicago is organizing a “First European U.S. Sustainable Construction Forum” on Monday, October 3, 2011 with the goal of bringing together leading companies from both sides of the Atlantic.
August 4, 2011
4th Annual Conference for Executives of Austrian Subsidiaries in the U.S.
The Austrian Trade Commissions are organizing a forum for an exchange of ideas and experiences between Austrian companies and their partners in the US.
August 4, 2011
Pankl Acquires US-Based Superior Crankshaft
The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.
July 27, 2011
Kapsch TrafficCom Awarded Major Contract in the U.S.
The American subsidiary of the Austrian technology group won a ten-year contract for the operations of an electronic toll collection system in 14 states.
July 22, 2011
SensorDynamics Acquired by Maxim
The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).
July 19, 2011
Austrian High Q Technologies Sold to US Company
The Austrian manufacturer of lasers is acquired by Californian Newport, a global supplier of advanced products and solutions in several technology fields.
July 14, 2011
Austrian dynaTrace Acquired by US Company
The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.
July 11, 2011
RHI: Plans for New Plant in the US
The Austrian producer of refractory materials intends to open a new factory in the US. In the long run, bricks for the North American market will be produced locally.
July 4, 2011
Patent Protection to Become Cheaper
In Europe patent protection is currently ten times more expensive than in the US or Japan. Austria will participate in an EU-wide cooperation which will reduce the cost significantly.
June 20, 2011
austriamicrosystems Acquires US-based Company
The Styrian microelectronics and semiconductor manufacturer is going to buy 100% of the shares in an American light sensor supplier for $ 320m (€ 220m).
June 16, 2011
Bawag-CEO: “No Exit of Cerberus in 2012”
After five years, a sale of the Austrian bank would become possible next year. The shoe retailer Stiefelkönig will be sold this summer.
June 15, 2011
Swarovski to Invest in US Jewelry Retailer
The Tyrolean optics and crystal group is attracted by a global distribution network of 2,000 stores. The two companies already have a strategic partnership.
June 7, 2011
Austrian Companies on Roadshow to New York
The 2nd Austrian Equity Day in New York, co-organized with Crédit Agricole Cheuvreux, will be held on Monday, 6 June 2011.
June 3, 2011
Growing Sales at Wiesner-Hager Furniture
Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.
May 14, 2011
Intercell: Sale Is No Longer Ruled Out
The new CEO of the Austrian pharmaceutical company, Thomas Lingelbach intends to implement a new strategy for the company. A sale is possible.
May 11, 2011
Austria's Energy Industry Considers the U.S. as a Promising Market
The U.S. market offers opportunities for Austrian technology in solar systems, pellet stoves, biogas, biomass and software to control wind turbines
May 10, 2011
Oracle Partners with Linz University
The U.S. software giant opens a research laboratory at the Johannes Kepler University in Linz.
May 10, 2011
Kraft Foods Austria Reports Rising Sales
The U.S. food company could rise its sales figures by 4.8% in Austria. However, costs are increasing substantially.
May 9, 2011
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
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