Update Software's EBIT Slips into Loss Zone

Viennese IT firm update software AG which is to be turned into an ltd company and get delisted from the Frankfurt stock exchange, expects that the EBIT margin in Q1 2015 was negative at 25 to 30 percent, it follows from estimates made by the management on Monday.

April 21, 2015

Austrian Economy Picks up Slightly in Spring

The Austrian economy is picking up slightly in spring and the GDP likely grew by 0.2 percent q/q in Q1, Bank Austria said. The bank's economic indicator turned to a positive territory for the first time since November showing a slight improvement.

April 15, 2015

OVAG Bank Sells Loss-Making Romanian Unit

Partly-state owned bank OVAG sold its loss-making Romanian unit to Romania's Banca Transilvania with the deal closed on Tuesday.

April 7, 2015

RBI Raiffeisen Bank International May Post Loss in 2015

Listed bank RBI may close 2015 in the red due to the current group restructuring measure and maintain a higher level of provisions, the bank said. 2014 consolidated loss came to EUR 493 million (USD 540.9 million), RBI also said confirming preliminary figures.

March 25, 2015

Volksbanks - Reconfiguration for Dismantling of ÖVAG

Radical Volksbank mergers and the new organization of the association can’t wait any longer. The financial supervision has recently increased pressure and summoned more than a dozen "renegades”, or bank heads, who haven’t made any binding promises. On Friday the message that everybody has to participate came out. All decisions will be there at the end of March.

March 13, 2015

OeNB: Only Slight Economic Recovery in 2015 in Austria

The Austrian central bank (OeNB) expects that this year economic growth in Austria will speed up only slightly. The Austrian economy may grow at a lower pace than German economy or the Eurozone. Nevertheless, the general situation of the Austrian economy is better than the sentiment aming consumers and companies an analysis of OeNB economists points out.

March 12, 2015

Bank Austria: Growth of Austrian Industry Taking its Time

The latest Purchasing Manager index of Bank Austria indicates a decreased growth m/m, although the range of that decrease was less prominent than in previous months.

February 26, 2015

Strabag Seeks to Grow Overseas

Listed Austrian construction group Strabag wants to expand business overseas and to increase the share of markets outside of Europe, it follows from an interview with CEO Thomas Birtel for WirtschaftsBlatt. The dividend for 2014 is to be at least as big as for 2013 (EUR 0.45/USD 0.51 per share)

February 23, 2015

Kapsch TrafficCom - Analysts Expect Operating Profit for 9 Months

Analysts predict that the 9-month financial report of Kapsch TrafficCom to be published on Wednesday will show substantial gains on the operating level.

February 23, 2015

Insider: Lufthansa Speeds up Reorganisation, AUA Affected

According to insider sources, the parent company of Austrian Airlines (AUA), Lufthansa, is planning to speed up its reorganisation with the help of consultants.

February 18, 2015