Latest News

Jaguar Land Rover Signs Deal to Manufacture Cars in Austria

Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) said it has signed a contract manufacturing agreement with Austrian automotive firm Magna Steyr in another step to enhance its worldwide production line and build global footprint.

Yesterday

Austria Introduces New Visa Rules for Chinese, Indian and Indonesian Business Travellers

Austria has decided to introduce a liberalized regime for issue of business visas to Austria, effective from August 1, 2015. In an initial pilot phase, the new regime will be applicable only to India, China, and Indonesia.

Yesterday

Novomatic Gambling Signs 6-Year Lottery Contract in Catalonia

Listed gambling group Novomatic signed a 6-year contract with Catalan lottery firm Loteria de Catalunya in Spain, the group said. Novomatic will deliver 2.3k online lottery terminals with a central server system under the agreement.

Yesterday

Austria’s Tourism Reports Highs Despite Less Russian Visitors

Austria has welcomed much more western tourists in this summer season (May and June) than a year ago. The number of overnight stays rose by 2.1 percent to 17 million, a record high, even though the number of overnights stays of tourists from Russia caved in 30 percent y/y or 51,000.

Yesterday

Novomatic Gambling Secures 39.5 Pct in Rival Casinos Austria

Listed gambling group Novomatic secured a 39.5 percent stake in partly state-owned competitor Casinos Austria thanks to the acquisition of 11.4 percent stake from listed insurer Uniqa, the group confirmed. Further steps to raise the stake, the group could agree to buy 11.35 percent from insurer VIG and 9.44 percent from Schelhammer & Schattera yet this week may, however, raise controversies from competition regulator.

Yesterday

RBI Securitises EUR 705 Million Loan Portfolio

Listed bank RBI securitised a loan portfolio with a value of EUR 705 million (USD 780.2 million) raising its Tier 1 (CET1) equity ratio by 0.04 percentage points, the bank said.

Yesterday

S&T: strong growth in Poland and Romania

S&T AG's subsidiary in Romania has secured orders worth more than EUR 8 million for services, software and IT technologies facilitating the modernization and extension of Romania's systems of rescue direction centers and of emergency calls. All of the commissioned sub-projects are to be concluded during the current financial year. Impeded by strong results in Poland and Romania, S&T's business in Eastern Europe has been developing promisingly.

Yesterday

Semiconductor Producer AMS Boosts Profit and Sales in H1

The Styrian semiconductor producer listed in Zurich, AMS, raised sales and profits in the first half of the year thanks to robust demand for its sensor and analogue solutions. The sales target for 2019 is EUR 1 billion the company announced.

July 28, 2015

Hypo Act Ruled Unconstitutional: Heta's H1 Loss at EUR 800 Mln Plus Interest

Heta, state-run bad bank of defunct lender Hypo Alpe Adria, will suffer around EUR 900 million (USD 996 million) loss in H1 2015, Heta said in a statement after the constitutional court VfGH ruled the Hypo act of 2014 unconstitutional.

July 28, 2015

Austrian Railways Unit Rail Cargo Austria Sets Up JV in Belgium

State railway group OBB unit Rail Cargo Austria set up a logistics joint venture in Belgian port of Antwerp. The local partner is Rail & Sea NV.

July 28, 2015