http://www.austriacreditscoreonline.co.uk Austria Credit Score Online is an Austrian online magazine about Austrian credit, bank, loan, finance, money and economy. Fri, 09 May 2008 06:14:48 +0000 http://backend.userland.com/rss092 en Prefabricated house manufacturer Kampa wants to expand its hub for the Eastern European market in the East Austrian town of Siegendorf, which can be found in the federal state of Burgenland. Kampa is a company from Germany. The Germans want to invest 2,5 million Euro for its main location in Austria. ... http://www.austriacreditscoreonline.co.uk/2008/05/09/kampa-home-builder-invests-in-burgenland-location-siegendorf/ Walter Meinhart thinks that the German market has much more potential as Eastern Europe. Already this year he wants to earn 20 million Euro in Germany. Since 2007 the cable merchant from St. Florian, a little town in the east of Upper Austria, is busy with the foundations of distribution establishments in ... http://www.austriacreditscoreonline.co.uk/2008/05/08/austrian-cable-merchant-meinhart-wants-to-conquer-german-market/ Party time in India! The Austrian company "Benczak" from the federal state of Burgenland, is going to build a whiskey factory in the south if India. When the building of the factory is done, the Indians are also interested in wine, but whiskey had their preference. Indians are excited about Austrian wine. ... http://www.austriacreditscoreonline.co.uk/2008/05/07/burgenland-company-benczak-builds-whiskey-factory-in-south-india/ The German combine ThyssenKrupp from Düsseldorf is going to close its plant for the manufacture of elevators in the Austrian town of Gratkorn. 300 employees are affected. The factory should close in 18 months. Gratkorn is located in the north of Styrias provincial capital of Graz. The main reasons of the closure ... http://www.austriacreditscoreonline.co.uk/2008/05/07/thyssenkrupp-closes-plant-in-gratkorn-styria/ The Austrian family enterprise Swarovski suffers under a low dollar price, and cheap business competition from Egypt and China. These are the main reasons that the company thinks to cut about 400 jobs. The sales decreased down to 5 percent. Now the company must also decrease its output. Not that serious is the ... http://www.austriacreditscoreonline.co.uk/2008/05/02/swarovski-optik-thinks-about-job-cuts/ The battle about the walk of the Upper Austrian Energie AG to the stock exchange market is becoming more serious. The ruling Peoples Party want to finish the deal on the 12th February. The Socialdemocrats prefer to have a delay in the particular case. The reason for the Socialdemocrats to have a ... http://www.austriacreditscoreonline.co.uk/2007/12/03/path-of-austrian-energie-ag-to-stock-exchange-with-trouble/ The game manufacturer of the "Photo Play" touchscreen terminals from the Upper Austrian village of Schörfling is doing better again. The computer games factory should reach the net income area this year. Last year the situation was quite critical. The company was about to fold. The hard financial reorganization and the 40 ... http://www.austriacreditscoreonline.co.uk/2007/11/13/photo-play-touchscreen-terminal-manufacturer-funworld-secured/ "Austria Engine" is the good-sounding name of a new aeroplane engine manufacturer in Austria. Investors of the new company want to stay unknown. The new manufacturer already started to build a factory for 100 workers in the Lower Austrian town of Wiener Neustadt. Already next year "Austria Engine" should be ready to ... http://www.austriacreditscoreonline.co.uk/2007/10/10/austria-engine-is-a-new-aeroplane-engine-manufacturer-in-austria/ The traditional enterprise with its famous ceramic design has financial problems. Now the company decided to start a new export offensive to get out of the debts. Since three years the Gmundner Ceramics is in the red. Backward sales bring the company in a deep crisis. Now a new export concept should ... http://www.austriacreditscoreonline.co.uk/2007/10/08/exports-should-bring-gmundner-ceramics-out-of-debts/ The Styrian economic office Eisenberger & Herzog has a proper growth spurt in mind. The company wants to open offices in Hungary, Croatia and Slovenia. The only problem of Eisenberger & Herzog is the lack of staff with top skills. The company already has a close cooperation with a very good office ... http://www.austriacreditscoreonline.co.uk/2007/10/04/economic-office-eisenberger-herzog-in-need-of-top-skilled-staff/ The Carinthian logistics specialist "Salomon Automation" is located in the historical town of Friesach, and received a big order from Germany. The German beverages distributor Wüllner needs the help of the Austrians. 60.000 of its beverage crates are on the move every day. Austrians should help to organize the warehouse management ... http://www.austriacreditscoreonline.co.uk/2007/10/02/logistics-specialist-salomon-automation-helps-german-beverages-distributor/ The cigarette manufacturer "Austria Tabak" was government property until the end of the millennium. Then politicans sold the factory to the Japanese combine "Japan Tobacco" to get some more money for their budget. Now the Japanese decided to close the factory in two years. 300 workers are affected, and the close-down should ... http://www.austriacreditscoreonline.co.uk/2007/10/01/japan-tobacco-international-jti-close-manufacturing-location-in-linz/ The Upper Austrian windows manufacturer Internorm, has to face a double-digit minus in its most important market Germany. The two main reasons of the dropping sales in Germany are the discontinuation of the first-home buyer allowance, and the lift in value-added tax. Building a house in Germany became 50.000 EUR more expensive, ... http://www.austriacreditscoreonline.co.uk/2007/09/24/windows-manufacturer-internorm-with-collaps-of-sales-in-germany/ Efkon is a toll system enterprise from Austrias federal state Styria. Now the Styrian company caught an order in an estimated value of 10 mio EUR. South Korea wants to have the company for "free flow toll traces". Already 550 free flow toll traces and 350 toll boxes with intigrated bord computer ... http://www.austriacreditscoreonline.co.uk/2007/09/21/austrian-toll-system-company-efkon-successful-in-south-korea/ "It's not allowed to make business with Iran", says the US-government and points its finger to several Austrian companies. Especially the OMV, which is Austria's largest oil-producing, refining and gas station operating company with important activities in other Central European countries, is very pressured by the USA. Also Austrian banks feel the ... http://www.austriacreditscoreonline.co.uk/2007/09/19/usa-tells-austrian-enterprises-no-business-with-iran/ Tiscover is the subsidiary of the Tyrolean holiday advertising, and one of Austrias first holiday websites in the internet. Four years ago the provincial government of Tirol decided to sell the website, which offers online bookings for Austrian holidays, but the dot-com bubble bursted and the sale was canceled. Now should be ... http://www.austriacreditscoreonline.co.uk/2007/09/18/austrian-online-tourism-website-tiscover-should-be-sold/ The Upper Austrian manufacturer of starter coal, the enterprise Hoffmann Elektrokohle AG (HEAG), expects a big deal in Japan. This years sales should increase from 57,2 up to 61 mio EUR. The Japanese deal should make the dream come true to open the whole market in Japan for the car supplier Hoffmann ... http://www.austriacreditscoreonline.co.uk/2007/09/12/hoffmann-electric-coal-wants-to-go-to-japan/ Lower Austrias building material manufacturer Ardex from Loosdorf is the Austrian location of the German enterprise. Now Ardex invested 8 mio EUR in the extension of the Austrian location. Also the export should be increased. Two new buildings were erected for the production process. One already existing building was extended. Ardex manufactures special ... http://www.austriacreditscoreonline.co.uk/2007/09/11/extension-of-building-material-manufacturer-ardex/ The boss of the air technology enterprise wants to let his employees take part in the success of his company. This year 500 employees are going to receive a monthly salary extra. The whole bonus amounts one million EUR. The business year 2006/07 was a very successful one for the manufacturer of ... http://www.austriacreditscoreonline.co.uk/2007/09/10/air-technology-scheuch-gives-workers-one-million-eur-extra/ The Upper Austrian Agricultural machinery maker Pöttinger from the little town of Grieskirchen can celebrate a plentiful harvest in sales. The company was able to increase its sales by 16,2 percent up to 199 mio EUR. The growth was very strong in the sector of cultivation: 38,7 percent up to 32,8 mio ... http://www.austriacreditscoreonline.co.uk/2007/09/06/agricultural-machinery-maker-pottinger-with-plentiful-harvest/ The first time since 2001 the Austrian fashion industry made more sales than four billions EUR. Small and high-priced merchants benefit by the increased consumer acceptance. They are the true winners of the new sales record. Not only the sales increased in the Austrian fashion business, but also the amount of fashion ... http://www.austriacreditscoreonline.co.uk/2007/09/05/austrian-fashion-industry-with-new-sales-record/ Germany is upset about Austria and declares the "tax war" on the little Alpine republic. Reason: Austria removed its death duties. Germanies answer to Austria: Germany is going to cancel its double-tax agreement with Austria which exists since 1954. German citizens should not be able anymore to "pay" death duties in Austria. Germany ... http://www.austriacreditscoreonline.co.uk/2007/08/29/germany-declares-tax-war-on-austria/ The Upper Austrian textile and fashion chain Fussl wants to open 12 new shops in the next 12 months. The sales of the enterprise should increase up to 73 mio EUR this year. Fussl is also thinking to open several shops abroad. "But we have no pressure to do that", says ... http://www.austriacreditscoreonline.co.uk/2007/08/28/textile-and-fashion-chain-fussl-wants-to-expand/ The building firm from Austrias federal state Upper Austria enforce its railway building sector, and buys the traditional Lower Austrian railway building company Petri. Swietelsky has 6.600 employees and 1,11 billions EUR construction benefit. The enterprise from Upper Austrias provincial capital Linz has confirmed the deal to the federal competition authority. Now ... http://www.austriacreditscoreonline.co.uk/2007/08/27/austrian-building-firm-swietelsky-buys-petri-bahnbau/ Usually Austria has an excess supply on apprentices. Many young people are still without a promise for a professional education. Carinthia is different than the rest of Austria. In Austrias Southern province the industry complains about no availble apprentices. Most of the pupils who start a job training choose traditional jobs like ... http://www.austriacreditscoreonline.co.uk/2007/08/22/carinthian-industry-complains-no-apprentices/ Watch band manufacturer Hirsch from Carinthia is world market leader. Hirsch sells his watch bands in 62 countries around the world. This year the sales should increase from 40 million EUR up to seven percent. The company is located in Carinthias provincial capital Klagenfurt, and manufactures between 6 and 10 millions of ... http://www.austriacreditscoreonline.co.uk/2007/08/21/hirsch-watch-bands-make-watches-noble/ The Lower Austrian principal of the yacht charter company "Akuda" has to go to imprisonment on remand. Suspicion: defalcation and fraud. Akuda Blue Water and Holidays was also known as "Blu Balu Yachting". The spokesman of the company shows himself clueless. "We committed no crime", he says. The intermediate result of the ... http://www.austriacreditscoreonline.co.uk/2007/08/20/principal-of-akuda-yachter-charter-in-detention-pending-trial/ South Tyrol was taken away from Austria by Italy after the first world war in 1918. Now enterprises from South Tyrol leaving Italy and moving to Austria. Reason: the taxes of Italy are too high. The two most famous South Tyrolean enterprises who want to leave South Tyrol and move to Austria ... http://www.austriacreditscoreonline.co.uk/2007/08/10/high-tax-italian-companies-of-south-tyrol-move-to-austria/ Omicron Electronics from the Austrias federal state Vorarlberg is the world market leader of checking devices for energy systems. The enterprise was founded by Rainer Aberer in 1984. The first target was to develope software for telecommunications. Since 1990 Omicron devotes itself in the development of checking devices for guard and ... http://www.austriacreditscoreonline.co.uk/2007/08/09/omicron-electronics-checking-devices-for-energy-systems/ The cross-country vehicle manufacturer Arctic Cat from Salzburg is still stepping on the accelerator pedal: new chain stores in Europe are planned. Arctic Cat AG wants to stabilize its market position in Europe. The Americans want to focus the whole business in Europe by its Austrian subsidiary from Salzburg. Two years ago ... http://www.austriacreditscoreonline.co.uk/2007/08/08/cross-country-vehicle-manufacturer-arctic-cat-accelerate/