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Austrian Retail and Consumer Headlines

Post AG's Rival DHL Paket Optimistic after one Month of Austrian Operations

DHL Paket, the parcel unit of Deutsche Post, has made a good entry on the Austrian market, based on the state of affairs a month after the launch of operations. DHL Paket is offering 1015 percent lower prices than listed Austrian postal operator Post AG for deliveries from Austria to Germany. In the segment of private customers, the German firm is offering prices by 35 percent lower than Post AG.


Casinos Austria: Anti-Monopoly Office to Carefully Probe Takeover by Novomatic

Listed gambling company Novomatic is still facing regulatory hurdles before it can take over a stake in partly state-run rival Casinos Austria. The anti-monopoly regulator BWB is carefully scrutinizing the prospective deal. Novomatic could also see the Czech competitor in the race for the Casinos stake sue the decision of the GM which enabled the planned takeover.


Casinos Austria - Czech Investors Disapprove of GSM Decision

Czech billionaires Jiri Smejc and Karel Komarek don’t want to accept the decision of Casinos Austria General Shareholders’ Meeting to not transfer any further Casinos shares to the Czechs, a spokesman of the Czechs said.


Casinos Austria: OBIB Blocks MTB Stake Transfer to CAME, Okays Transfer of 16.8 Pct to Novomatic

State holding ÖBIB, 33.24 percent shareholder of listed casinos operator Casinos Austria, saw its GM down-vote the transfer of the stake of MTB private foundation to CAME Holding.

October 5, 2015

Spar Retail Starts to Build New Hypermarket in Hungary

Austrian retail chain Spar has launched the construction of a new hypermarket in Erd/Hungary, Hungarian news agency MTI writes.

October 5, 2015

Less Austrians Employed in Retail, More in Service Sector

The number of workers in the retail sector slipped in H1 2015, whereas in the service sector it rose, Statistik Austria reports today. The number of hours of work decreased, while gross wages rose for both sectors.

October 5, 2015

Obi DIY Retailer Gets Cartel Watchdog's Consent for Baumax Stores Takeover

German DIY retailer Obi secured the unconditional approval for the takeover of 68 stores of ailing competitor Baumax, Austrian competition authority BWB said on its website.

September 30, 2015

Austrian Railways to Launch Long-Distance Bus Services

Austria’s national railway company ÖBB has detected a strong dynamics on the international bus travel market and is now bent on launching services in that market niche. At the moment the company is moving towards the goal to position itself as a comprehensive transport service provider. The longdistance bus business is currently being evaluated by the company’s experts, a spokesperson told APA on Sunday, preempting a report of news magazine trend.

September 28, 2015

Ankerbrot - Ostendorf and Nomos Sell their Shares to Grossnigg

There will again be changes in the ownership of bakery company Ankerbrot. The current head of the company and co-owner Peter Ostendorf will sell his shares to investor Erhard Grossnigg. This way Ostendorf family will finally exit Ankerbrot. Already two years ago the Ostendorf family sold 45 percent of shares.

September 28, 2015

Austria Ranked Seventh in Terms of Number of Overnight Stays from Non-EU Residents

According to Eurostat data Austria is ranked seventh in terms of the number of non-EU tourists staying in that country in 2014. Italy was first, with 57.36 million tourists, while Austria recorded 13.66 million tourists in 2014.

September 25, 2015