Read the latest industry and company news and analysis from FriedlNews
Page 4/698

Austrian Industry and Company Business News

Activ Solar Files for Reorganisation in Austria, Debts Reach EUR 500 Million

Vienna-based Activ Solar GmbH announced that it is bankrupt and that it has filed for reorganization in Austria due to its investment exposure in Ukraine. The company has amassed debts to the tune of EUR 500 million.

February 10, 2016

Unicredit Bank Austria Preliminary Results: Net Profit of About EUR 1.3 Billion for 2015

Unicredit Bank Austria has published its preliminary results for the 2015 financial year. Unicredit's Austrian subsidiary posts a net profit of about EUR 1.3 billion for 2015. Systemic charges including bank levies are up by EUR 89 million to EUR 326 million.

February 10, 2016

RBI: Preliminary 2015 Consolidated Profit of EUR 383 Million

Raiffeisen Bank International AG (RBI) announces a preliminary 2015 consolidated profit of EUR 383 million. This is above the guidance previously given, primarily due to lower than expected net provisioning for impairment losses of EUR 1,266 million, 28 percent below 2014. This development was spread across a number of markets. General administrative expenses were EUR 2,915 million, 4 per cent below the prior year. Transformation program costs in 2015 were approximately EUR 90 million, in line with guidance. FY 2015 guidance had also included goodwill impairment charges and risk costs amounting to EUR 124.1 million, which were reallocated to FY 2014 in the course of a restatement.

February 2, 2016

UniCredit Bank Austria Named Best Trade Finance Bank in Austria

US financial magazine "Global Finance" selected Bank Austria for the eighth time in a row "Best Trade Finance Bank" in Austria.

January 21, 2016

Czechs Jirí Šmejc and Karel Komárek Want to Take Control of Casinos Austria

The Czech consortium Austrian Gaming Holding (AGH) of billionaires Jirí Šmejc and Karel Komárek, headquartered in Prague may soon be new majority owner of Casinos Austria AG. According to the Federal Competition Authority (BWB), Austrian Gaming Holding intends to increase one hand its stake in Medial to 88.89 percent and on the other hand to acquire 16.79 percent of Casinos Austria AG shares. Through these acquisitions, AGH will hold directly or indirectly 50.82 percent of the shares and thus acquire sole control of the CASAG.

January 21, 2016

Vienna Congress comsult 2016: "The Future of Growth"

"The Future of Growth" was the topic of the Vienna Congress com•sult 2016 which took place at Vienna's House of Industry. The Vienna Congress once again brought together prominent figures from the worlds of politics, economics and science to discuss future development of different aspects, focusing on the issue of migrant crisis, which has been one of the greatest challenges faced by European states and institutions in every sense. Distinguished participants from industry, politics and the business community such as Milica Pejanovic, Mohamed ElBaradei, Mario Monti, Markus Rogan, Dan Shechtman and Guenther Fehlinger discussed perspectives and strategies for new growth in Europe.

January 20, 2016

Robert Zadrazil Takes Over the Helm of Bank Austria from Willibald Cernko

After having been board member of Bank Austria for ten years, Robert Zadrazil (45) will now step it up and replace Willibald Cernko (59) who will step down as of 1 March 2016. The bank speaks of a generation change.

January 18, 2016

Black Diamond Equipment Relocates European Headquarters from Switzerland to Austria

Producer of climbing, skiing, mountain sports equipment Black Diamond will move its European headquarters from Basel to Innsbruck. Tim Bantle has been appointed Managing Director. Black Diamond is actively recruiting staff for the new office, with approximately 35 jobs across sales, marketing, customer service, operations and finance. The new office is expected to be operational in May 2016. Black Diamond Equipment was established in 1989 and has its headquarters in Salt Lake City in Utah.

January 14, 2016

Strabag Builds Hydroelectric Power Plant in Bosnia-Herzegovina Worth € 57 Million

A consortium consisting of Austrian construction group Strabag and Croatian industrial company Končar has been awarded the contract to build the Vranduk power plant on the river Bosna on behalf of energy supply company JP Elektroprivreda BiH.

January 11, 2016

EU to Crack Down on Postal Rip-Offs including Austrian Post

The FT reports that Brussels is preparing a regulatory crackdown against rip-off pricing by national postal operators on cross-border parcel deliveries. According to a study, cross-border parcel deliveries are often five times more expensive than identical trips on the domestic market. While the price of a standard 2 kg parcel delivery in Austria with the national postal operator is €4.44, to have that same parcel send to neighbouring Italy would cost €14. Sending the same parcel back from Italy to Austria will rise to €25. In order to connect the common market, the EU wants to develop the potential of e-commerce and to boost cross-border trade. According to the FT, a spokeswoman of the European Commission said that early next year the Commission will “launch measures to enhance price transparency and regulatory oversight” of the European parcel delivery market.

December 22, 2015