Austria's Fast Food Market Seen Stuck in Stagnation in 2015-16

Austria's fast food market has barely grown in years and will likely increase by only about 1 percent in 2015 to EUR 1.09 billion (USD 1.23 billion) and by as much in 2016 to EUR 1.10 billion, shows the indicator for the sector prepared by Kreutzer Fischer & Partner.


Austria's GDP Seen Growing By 0.8 Pct Y/Y in 2015 - IMF

Austria's GDP will likely grow by 0.8 percent y/y in 2015, the IMF said in its latest World Economic Outlook, cutting its April forecast by 0.1 percentage points.

October 7, 2015

Bank Economists: Austrian Industry Improving, Emerging Markets Pose a Threat

Bank economists expect the industry in Austria to rebound in September after a weak August. Enterprises are reporting substantial hikes in terms of new orders, compared to 1.5 years ago at least, UniCredit Bank Austria economists predict. A stop has been put to the fall of employment of the past months, but emerging markets might stop that positive trend.

September 29, 2015

Uniqa Insurance to Continue Expansion in CEE

Uniqa insurance will continue its expansion course in terms of its presence on the CEE markets and enjoys nearly fully consistent profitability in the region, even considering the current times of political difficulty in Ukraine and Russia, CEO Andreas Brandstetter and Uniqa International CEO Wolfgang Kindl told journalists in Kiev,

September 21, 2015

RLB NÖ-Wien Eyes Positive Results this Year - CEO

Raiffeisenlandesbank (RLB) NÖ-Wien will likely turn to a positive consolidated result, CEO of RLB NÖ-Wien and Raiffeisen Holding NÖ-Wien Klaus Buchleitner assumes based on the current state of affairs, as he told the daily WirtschaftsBlatt.

September 21, 2015

Wifo Predicts Further Recovery of Austrian Economy

The Austrian economy should grow slowly in the coming months, according to a forecast of the economic research institute Wifo. The leading ecnomic indicators suggest a restrained recovery. Companies have a "below average” view of the future, but the outlook improved for the third time in a row Wifo announced.

September 9, 2015

China's Weakness has an Above-Average Impact on Austria

Slowdown of economic growth in China will have an above-average negative impact on Austria, compared to other European countries. This is the conclusion of an analysis carried out by Bank Austria. However, even in the most unlikely worst-case scenario China's growth decreasing from 7 to 3 percent would still be bearable for Austria.

September 7, 2015

OeNB Confirms GDP Growth Forecast of 0.7 Percent for 2015

The Austrian national bank (OeNB) has confirmed its GDP growth forecast of 0.7 percent for 2015. The growth is under the average of the Eurozone, which could require additional stimuli OeNB governor Ewald Nowotny said in Alpbach. The OeNB governor pointed out that the development in Eastern Europe is positive for Austria.

September 4, 2015

Record-Hot Summer Brings More and Better Wine

Austrian wine-growers are satisfied, as despite tropical temperatures and low precipitation the harvest will be bigger than last year. "We reckon with a harvest of 2.4 to 2.5 million hectolitres for 2015” president of wine growers' association Schmuckenschlager said at a press conference.

September 4, 2015

Immigon Expects a Profit of more than a Hundred Million this Year

Among others, special income from high-volume bond buyback from August is supposed to make it possible for bad bank Immigon - formed from a part of ÖVAG - to make a profit exceeding a hundred million Euros for this year.

August 28, 2015