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Banking Supervision: Nowotny Warns of Over-Ambition
According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.
September 18, 2012
„Banking Union Must Not Become Burden for Real Economy“
The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.
September 13, 2012
Euro-Crisis Enters Austria
In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.
September 10, 2012
Austrian Audit Court to Check Gold Reserves
According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.
September 1, 2012
Lower Losses at bwin.party digital entertainment
In its Half year report for the six months ended 30 June 2012, a solid growth in Clean EBITDA was recorded. Losses were down from € 41m to € 21.3m.
September 1, 2012
bwin Enters into Partnership with Manchester United
bwin, Europe’s leading sports book, today announces a new agreement with Manchester United to become the club’s official online gaming and betting partner.
August 18, 2012
Switzerland: „Austrian Tax Deal Will Withstand“
The Swiss Parliament´s President Hans Altherr thinks that the Swiss tax deal with Austria will withstand a popular vote.
August 16, 2012
Austrian companies profiting from the Olympics
The London Olympics were responsible for prestigious and lucrative orders running into double-digit millions in the run-up to the games.
August 14, 2012
Tax Deal with Switzerland in Doubt
After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.
August 13, 2012
Novomatic Expands into U.K.
Astra Games Limited, part of the Austrian Novomatic Group confirmed that, the purchase of trade and assets of the Danoptra Group companies Gamestec Leisure, Bell-Fruit Games, RLMS Sales and Mazooma Interactive Games has now been formally concluded.
July 20, 2012
bwin.party´s Earnings Under Pressure
The Austro-British entertainment company issues a pre-close trading update. Due to new taxes in Germany, the expectations are decent.
July 10, 2012
Austrian Companies Exhibiting at Farnborough Airshow
Farnborough International Airshow is the world's most iconic global aviation event and one of the most important exhibitions in the aerospace industry worldwide.
July 4, 2012
Austrian Delta Bloc UK Wins British Precast Innovation Award
Delta Bloc UK, have been awarded British Precast’s Innovation award for 2012 for their Precast Concrete Road Safety Barrier project on the M4 in South Wales.
July 4, 2012
C-Quadrat to Acquire UK Fund Management Company
The Austrian Investment Fund intends to take over the British BCM Group, which manages assets of € 800m.
July 2, 2012
London Cable Car Put Into Action
This week, the official opening of the 'Emirates Air-Line' (London Cable Car) took place. The cable car was produced by the Austrian manufacturer Doppelmayr and the Swiss partner Garaventa.
June 29, 2012
Credit Crunch in CESEE?
Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.
June 27, 2012
Survival of the Euro Questionable
Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.
June 26, 2012
Fekter Promotes Financial Transaction Tax
There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.
June 23, 2012
Green Party: ESM Approval Depends on Financial Transaction Tax
The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.
June 22, 2012
OMV Announces UK North Sea Divestments
OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).
June 20, 2012
“UK Faces Skills Tragedy"
The Austrian crane manufacturer Liebherr-Sunderland has urged UK engineering businesses to upskill to ensure they can compete effectively in high value international markets.
June 19, 2012
Tax Treaty with Switzerland Finally Confirmed
The second chamber oft he Swiss Parliament approved the tax deal with Austria, Germany and the U.K.
June 16, 2012
Switzerland Ratifies Tax Treaty with Austria
The Swiss National Council approved the tax deal with Austria. Illegal funds of Austrian nationals in Switzerland will be taxed.
May 30, 2012
„Nabucco Is Still an Option“
Elshad Nassirov, Vice-Chairman oft he Azerbaijani gas company Socar, argues that BP´s statement about Nabucco was premature.
May 29, 2012
U.K.: Mayr-Melnhof and Trade Union Settle Dispute
The Austrian manufacturer of packaging products grants a better social package to the former employees of the Liverpool-based factory.
May 29, 2012
bwin.party received licence in Germany
The British-Austrian betting company is allowed to operate online sports betting in the Northern German province of Schleswig-Holstein.
May 24, 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
Stable Results for bwin.party
Total revenue was up by 1% to € 215.9m (2011: € 214.0m) with strong growth in casino & other games as well as other revenues partially offset by a softer gross win margin in sports betting
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
Small Growth in Austrian Winter Season
The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.
April 26, 2012
Mayr-Melnhof: Dispute in the UK Escalates
After the British site of the Austrian packaging company was shut down in February, the British trade union Unite attacks Mayr-Melnhof sharply.
April 23, 2012
Fekter meets British Chancellor of the Exchequer Osborne
The Austrian Minister of Finance Maria Fekter and George Osborne talked about Basel III, the EU budget and taxation.
April 23, 2012
Mitterlehner: „AAA is still Far Away“
Austria´s Minister of Economics does not believe that S&P gives back the “AAA” rating soon. However, the debate about Austria´s rating is overvalued, he thinks.
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 and Switzerland Signed Tax Treaty
Austria´s Finance Minister Fekter signed the tax treaty with her Swiss colleague Eveline Widmer-Schlumpf. In 2013, additional tax intake of € 1.0bn is expected.
April 14, 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
Alpine Shortlisted for Crossrail Fit-Out in UK
Austrian construction firms team up to make the shortlist for fit-out work on 52km of Crossrail tunnels. Worth GBP 400m this represents one the largest contracts on the new east-west rail link across London.
April 12, 2012
Tax Treaty with Switzerland Close to be Finished
Austria aims for reach a tax agreement with Switzerland in order to tax illegal funds deposited by Austrian nationals at Swiss banks. An agreement seems to be within reach.
April 11, 2012
Nowotny Ask For Alternative to Financial Transaction Tax
The governor of the Austrian Central Bank (OeNB) sees a good sign in Austria´s low interest rate on sovereign bonds. The introduction of a European financial transaction tax is unrealistic, the governor says.
April 11, 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
Financial Transaction Tax: Schieder Raises Pressure on EU
Austria´s Financial State Secretary Andreas Schieder threatens to vote against higher EU contributions. To discuss about alternatives of the financial transaction tax is “too early.”
April 10, 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
British Mayr-Melnhof Factory Occupied
The Liverpool-based site of the Austrian packaging company Mayr-Melnhof will be closed. Workers occupy the factory in order to prevent the shutdown.
April 2, 2012
Austria Must Underline its Headquarter Function
Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.
April 2, 2012
Mayr-Melnhof Closes Liverpool Plant
The Austrian packaging company today announced that it is to close its packaging plant in Liverpool.
March 29, 2012
Weak Results at bwin.party
The Austro-British gambling copmany could increase EBITDA by 3.0%. Total revenues remained stable.
March 29, 2012
Austria Insists on Financial Transaction Tax
Despite Germany’s finance minister sees little chance of a European Union agreement on the levy, Austria is sticking to plans for a financial-transaction tax in Europe to help consolidate its budget.
March 27, 2012
UK Investor Plans Sale of Iglo
The British company should get new owners soon. The consequences for the Austrian subsidiary are unknown yet.
March 27, 2012
Austrian Government Holds on Financial Transaction Tax
In spite of discordance at the EU-level, the Austrian government is convinced to impose taxes on financial transactions by 2014.
March 17, 2012
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