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Saturday, 10 May 2008

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Austria country news

Uniqa Group, Austria’s largest insurance company, said on April 25 it increased net profits by 53.7 percent to 269 million Euro in 2007, boosted by... full story

Keep talking to Turkey, but the door could shut

Gazprom, OMV spat could leave Austria out in the cold

Protests over China Olympics could hurt long-term exports

Telekom Austria Group closes Tele2 acquisition deal

Kidnapped tourists reportedly OK

Bishop critical of minarets

Biomass power seals 400 mln Euro investment

OVP does well at polls

OMV receives one additional exploration license in Norway

Political

Ride the bus or use your mobile phone, but not both

If you’re going to use public transportation in the city of Graz, put your mobile phone on silent and keep it in your pocket because... full story

Austrian Chancellor coming to talk on range of issues

Austria Rail under fire over its salary levels

Calls for reintroduction of the monarchy

Online investigation for PCs on the horizon

Ruling parties tamper with Wikipedia site

US reacts to defence minister’s comments on missile plan

Corruption committee’s decision on aircrafts due this week

Stricter anti-doping legislation passed

Calls for extradition of president's son-in-law

more political news...

Business

Strabag reports 15% operating profit increase for 2007

The Austrian-based construction group Strabag SE on April 30 said operating profits for 2007 were up 14.6 percent to 312.4 million Euro because of booming... full story

Defying the markets, Erste Bank reports record Q1 profits

MEL’s fall continues faster than its profits drop

Bad times for RZB, a 312 mln Euro sub-prime loss

Serbia halts copper smelter sale to A-Tec

Paybox is getting paid as its revenues rise

AE&E wins major order, new business in Australia

Voestalpine seeks land in Constanta

Strabag buys Swedish firm, looks to Scandinavia market

SCT to build 145 mln Euro bridge over Serbia’s Sava

Economic

March unemployment rate drops by 11.5%

Austria’s unemployment rate in March dropped by 11.5 percent year-on-year, continuing a trend from the first two months of the year the country’s economy ministry... full story

Tourism to grow this month

Ministers call for rent freeze and lower prices for medications

Drop in consumer confidence slows 2007 growth

Brussels approves Austrian rules on Nabucco pipeline

AT&S Q3 net income up 42% to 11.7 mln Euro

AUA’s passenger volume stagnates in 2007

SkyEurope stabilises by halving losses

Inflation increased 2.2% in 2007

Real growth for 2008 lowered by researchers

more business news...

more economic news...

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Bylines & Interviews

Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow

Azerbaijan creates alternatives, not competition
interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development

Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”

Towards a reform of the World Trade Organization
By MEP Prof. Dr. Georgios Papastamkos

IMF foresaw US mortgage crisis
By Lorenzo Bini Smaghi, ECB executive board member

IMF should ration loan conditions
By Alex Wilks, Eurodad coordinator, director Brussels office

Triple crisis, few solutions
By Peter Chowla, IMF specialist

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