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Latest News

Strabag Builder Seen Netting EUR 136.3 Mln in 2014

Listed builder Strabag will likely post EUR 136.3 million in 2014 net profit, up by one-fifth y/y, in revenues growing by 4 percent to EUR 13.0 billion, predict analysts ahead of the publication of 2014 final figures slated for Wednesday.

2 hours ago

OSCE: Strengthening Peace and Security Co-Operation Towards Democracy and Development

Representatives from the 57 OSCE participating States, civil society and international organizations will meet in Vienna tomorrow to open a two-day conference on the freedoms of peaceful assembly and association, with an emphasis on association.

3 hours ago

C.A.T. oil AG /

4 hours ago

Austria Rises to #21 in Global FDI Attractiveness Ranking

Austria is among European countries that benefitted from the increased interest of foreign investors as the Old Continent is viewed as a safe haven amid geopolitical turbulence, shows 2015 manager survey by A.T. Kearney consultancy. Also, the QE of the ECB is seen as a positive factor stimulating the economy.

4 hours ago

VIG Re Increased Premium Income to EUR 431 Million

VIG Re, reinsurance company of Vienna Insurance Group (VIG) with headquarters in Prague increased its premium income in 2014, compared to 2013 by 4.7 percent to EUR 431 million. Pretax profit increased from EUR 18.4 million (USD 20 million) to EUR 19.9 million the company announced on Monday.

4 hours ago

Austria's M&A Market Seen Stable in 2015

Austria will likely see little change in activity on the M&A market this year compared with 2014 when 242 transactions took place, shows a survey conducted by consultancy EY among over 1,600 managers worldwide.

6 hours ago

Positive Winter Season for Austrian Tourism Industry

Up till now, in the winter season of 2014/15 Austria is even more popular as a tourist destination than last year. The number of guests in the period from November 2014 to March 2015 increased by 4.1 percent to 15.25 million. Overnight stays increased by 2.2 percent to 58.78 million preliminary data from Statistik Austria show.

6 hours ago

Survey: Austrians Save Less this Year

Austrians are less inclined to put money aside amid low interest rates, shows a survey by Erste Bank.

7 hours ago

Austria With Second-Lowest 10-Year Bond Yield in Europe

The yield on Austrian 10-year bonds reached 0.271 percent on Monday. This was the second-lowest rate in the Eurozone.

8 hours ago