ABA Invest in Austria Helped Establish Eight Start Ups in 2015

February 5 · Politics - Government Agencies
ABA Invest brought eight new companies with an investment sum of EUR 2.7 million (USD 3 million) to Austria in 2015. In view of the globally difficult market surrounding such establishments are a positive signal and important stimuli provider for Austria, Vice-Chancellor Reinhold Mitterlehner said.


Bank Austria Supervisory Board Approves Zadrazil as Future CEO

February 5
Bank Austria supervisory board approved the appointment of Robert Zadrazil as the bank's new CEO in Friday's sitting. Zadrazil will replace incumbent Willibald Cernko as of March 1 as the head of UniCredit's Austrian unit and take over responsibilities also of retail and corporate ...


Private Investor Puts EUR 2 Million in Animal Tracking System Tractive

February 5
Upper Austrian start up for animal tracking system Tractive has found an investor. Frenchman Harold Primat living in Switzerland is going to invest EUR 2 million (USD 2 million) in the company, Trend economic magazine ...


IHS: Who Will Succeed Sigurd Höllinger?

January 29
IHS, the Institute for Advanced Studies in Vienna is one of Austria's top two economic think-tanks. It has reportedly readied a short list of candidates for its leader post. The list includes: Martin Kocher, Bernhard ...


FACC Aircraft Components Sacks CFO Over Cyber-Fraud Case

February 3
Listed aircraft components group FACC dismissed CFO Minfen Gu in connection with the recent cyberattack which cost the company some EUR 50 million (USD 54.6 million), the company said in a statement on Wednesday.


Wishing you Peace, Joy and Happiness in the New Year

December 23
Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities ...

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