(IN BRIEF) Erste Private Banking has been honored with six best-in-class awards by Euromoney, highlighting its exceptional performance across multiple regions. In Austria, the bank was recognized as the “Best Private Bank,” “Best for High-Net-Worth” clients, and “Best for Discretionary … Read the full press release
Posted in Awards, Banks, Business, Croatia, Economy, Financial, Industrial, Investment, Management, News, Romania
Tagged Ana Maria Beznoska, asset management, Austria, Awards, Banca Comerciala Romana, Best Private Bank, CROATIA, digital innovation, Discretionary Portfolio Management, Erste Bank Oesterreich, Erste Private Banking, Euromoney Awards, Heinz Bednar, High Net Worth, Investment Solutions, Kristina Buconjic, leadership, private banking, Rainer Hauser, Roland Jacubetz, Romania
(IN BRIEF) bp has announced its intention to sell its mobility and convenience business in Austria as part of a strategic move to focus on its downstream operations. The sale includes over 260 retail sites (approximately 120 company-owned), EV charging … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Industrial, Retail, United Kingdom
Tagged Austria, Austrian retail sites, BP, divestiture, downstream strategy, Emma Delaney, EV charging, fleet business, Linz fuel terminal NOJV, mobility & convenience, portfolio reshaping, regulatory approvals, sale process, strategic sale
(IN BRIEF) Germany is advancing highway safety and traffic efficiency through a new C-ITS initiative that uses ITS Roadside Stations integrated into mobile barrier boards across 8,600 kilometers to send real-time warnings to drivers about roadworks, thereby protecting road workers. … Read the full press release
Posted in Austria, Germany, Industrial, Infrastructure & Utilities, Technology, Transportation & Logistics
Tagged 600 kilometers, 8, ASFINAG, Australia, Austria, autonomous driving, Bilbao, Bizkaia Connected Corridor, C-ITS, Connected Vehicles, Cooperative Intelligent Transport Systems, Dublin, environmental impact, Germany, global interoperability, hardware, Ireland, ITS Australia Awards, ITS Roadside Stations, Kapsch TrafficCom, M1, M50, mobile barrier boards, mobility challenges, NIMS pilot, Pinellas County, predictive analytics, public transport, Queensland, real-time data, roadworks, safety, software, Spain, traffic management, United States, Video Analytics
(IN BRIEF) On February 18, 2025, the tunnel boring machine (TBM) for VERBUND’s Kaprun 2029 project began its 5.6-kilometre journey from the Limberg valve chamber to the surge tank beneath Maiskogel, marking a key milestone in the project’s modernization efforts. … Read the full press release
Posted in Austria, Business, Construction, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Austria, Bernd Raderbauer, environmental impact, Glück Auf, green electricity, headrace, hydropower, hydropower management, infrastructure upgrade, Jürgen Raschendorfer, Kaprun 2029, Kaprun-Hauptstufe power plant, Kathrin Aberger-Dick, Limberg valve chamber, Maria Leo, Marti Tunnel AG, Michael Amerer, modernization, PORR AG, pressure tunnel, Saint Barbara, surge tank, sustainable energy, tunnel boring machine, tunnel boring project, tunnel construction, tunnel patron, underground work, VERBUND
(IN BRIEF) Siemens has enhanced its industrial-grade private 5G infrastructure to support larger industrial areas, now covering up to 24 radio units, each providing connectivity for 5,000 m². This solution is available in six European countries and Brazil, with more … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 2025 expansion, Austria, Axel Lorenz, Brazil, connectivity, Cybersecurity, data privacy, Denmark, edge devices, Food and Beverage, Germany, industrial areas, industrial environments, intralogistics, Manufacturing, mining, Netherlands, partnership, pharmaceuticals, private 5G infrastructure, Process Automation, radio units, Scalance MUB852-1, Siemens, Smart sensors, sustainability, Sweden, Switzerland, user-friendly design, Wi-Fi limitations, Xcelerator portfolio
(IN BRIEF) Formo, a Berlin-based food tech company, has secured a €35 million loan from the European Investment Bank (EIB) to scale up its fermentation processes for producing dairy and egg alternatives. This brings the company’s total financing to over … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Animal Welfare, animal-free, Austria, bioidentical milk proteins, blue cheese, caseins, dairy alternatives, egg alternatives, egg substitute, EIB, environmental impact, fermentation processes, food system resilience, food tech, Formo, Frischhain, Germany, Greek feta, health, INNOVATION, InvestEU, Koji mushrooms, Metro, micro-fermentation, Nicola Beer, partnership, protein-rich, Raffael Wohlgensinger, REWE, Series B funding, sustainability, sustainable consumption, sustainable food production, synthetic biotechnologies, white cheese, €135 million, €35 million loan
(IN BRIEF) The European Investment Bank (EIB) has granted a €50 million loan to the Zumtobel Group to advance its research and development of innovative lighting solutions, focusing on energy-efficient and connected technologies for smart buildings and cities. With a … Read the full press release
Posted in Austria, Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Austria, digitalization, EIB, Lighting Innovation, partnership, sustainability, Thomas Erath, Thomas Östros, Zumtobel
(IN BRIEF) ABB has partnered with Engineering Software Steyr GmbH (ESS) to revolutionize automotive paint shop operations through advanced simulation tools. The collaboration, which includes ABB taking a minority stake in ESS, will eliminate the need for prototyping, reduce operational … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Automotive, Business, Industrial, Investment, Switzerland, Technology
Tagged ABB, advanced algorithms, Austria, automotive paint shop, CO2 emissions, commissioning, digital tools, digitalization, Dr. Martin Schifko, Engineering Software Steyr GmbH, ESS, fluid dynamics, heat transfer, manufacturing efficiency, Marc Segura, operational costs, PixelPaint, prototyping, RB1000i-S, RobotStudio, simulation tools, smart automation, sustainability
(IN BRIEF) UniCredit Bank Austria is restructuring its cultural sponsorship strategy due to economic challenges, resulting in the closure of the Kunstforum. Losing Signa as a key sponsor and landlord, combined with the need for significant future investments, has made … Read the full press release
Posted in Austria, Banks, Financial, Management, Society
Tagged Albertina, André Heller, Austria, Bank Austria Social Award, cultural funding, cultural initiatives, cultural sponsorship, economic challenges, education programs, financial literacy, Kunstforum, MoneyMatters, SIGNA, social impact, social projects, Teach for Austria, UniCredit Bank Austria, UniCredit Bank Austria Park, Vienna, Vienna Philharmonic Orchestra Academy
(IN BRIEF) Borealis announced the winners of its 2024 Scientific Innovation Award during Innovation Day in Linz, Austria, celebrating advancements in sustainable plastics. The awards recognized innovators addressing key areas such as sustainable production catalysts, energy-efficient polymerization, and polymer recycling. … Read the full press release
Posted in Austria, Awards, Chemicals, Environment, Science, Technology
Tagged 2024 Scientific Innovation Award, advanced catalyst design, agricultural film recycling, Austria, Borealis, Clement Collins Rice, Elisabetta Carrieri, energy-efficient polymerization, Esun Selvam, Ghent University, Innovation Day, Linz, polymer recycling, polyolefin recycling, rapid joule heating, sustainable plastics, sustainable production catalysts, University of Delaware, University of Oxford
(IN BRIEF) Wienerberger has opened a modernized brick plant in Uttendorf, Austria, featuring the world’s largest industrial electric kiln, powered by green energy sources like its photovoltaic system. The facility reduces production emissions by 90% and energy consumption by one-third. … Read the full press release
(IN BRIEF) Erste Group’s Private Banking division has been awarded the title of “Best Private Bank in Central and Eastern Europe” by both PWM/The Banker and Global Finance, marking a significant achievement in the CEE region. Erste received a total … Read the full press release
Posted in Austria, Awards, Banks, Business, Croatia, Czech Republic, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Romania, Slovakia, Technology
Tagged Austria, Awards, CROATIA, Czechia, Erste Group, leadership, Maximilian Clary und Aldringen, partnership, Private Bank, Romania, Slovakia
(IN BRIEF) Deutsche Telekom has launched a new Christmas campaign, “Connections Begin When Barriers Break,” across ten European countries, emphasizing unity and tolerance. Through a heartwarming story of two young girls separated by a glass barrier, the campaign highlights the … Read the full press release
Posted in Austria, Business, Croatia, Financial, Germany, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, Montenegro, News, Poland, Romania, Slovakia, Technology, Telecom
Tagged Austria, Christmas campaign, Connection, CROATIA, Deutsche Telekom, Europe, Germany, holidays, Hungary, Montenegro, NORTH MACEDONIA, Poland, Romania, Slovakia, The Czech Republic, Ulrich Klenke, Unity
(IN BRIEF) Green Mobility Partners, a new player in the European locomotive leasing market, has ordered up to 50 Vectron MS locomotives from Siemens Mobility, with an initial purchase of eight units. The Vectron locomotives, known for their cross-border travel … Read the full press release
Posted in Austria, Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Andre Rodenbeck, Austria, Christoph Katzensteiner, Green Mobility Partners, partnership, Siemens, Siemens Mobility, sustainability, Vectron locomotives
(IN BRIEF) ABB and Zumtobel Group have announced a strategic partnership aimed at advancing smart building solutions and direct current (DC) industrial applications. The collaboration will integrate ABB’s building automation solutions with Zumtobel’s advanced lighting management systems, creating efficient, sustainable … Read the full press release
Posted in Austria, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged ABB, Austria, Direct Current Applications, Lucy Han, Oliver Vogler, partnership, Smart Building Innovations, sustainability, Switzerland, Zumtobel Group
(IN BRIEF) Scila AB, a leader in trade surveillance and risk management technology, has announced that Erste Group, a major European financial institution, has successfully implemented Scila Surveillance. The cloud-based solution is designed to monitor global trading activities across multiple … Read the full press release
Posted in Austria, Banks, Business, Financial, Government, Industrial, Investment, Management, News, Sweden, Technology
Tagged Austria, Erste Group, Iris Bujatti, Mikko Andersson, partnership, Scila, Trade Surveillance Technology
(IN BRIEF) Infineon Technologies has pioneered the world’s first 300 mm power gallium nitride (GaN) wafer technology, enhancing production efficiency by offering 2.3 times more chips per wafer compared to the previous 200 mm process. This breakthrough will accelerate GaN … Read the full press release
Posted in Austria, Business, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged Austria, gallium nitride (GaN) wafer technology, Infineon, Jochen Hanebeck, partnership, semiconductor
(IN BRIEF) The European Investment Bank (EIB) is providing up to €175 million in loans to Salzburger Sparkasse and Tiroler Sparkasse to fund the construction of 1,750 affordable and energy-efficient rental flats in Salzburg and Innsbruck. The project aims to … Read the full press release
Posted in Austria, Banks, Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate
Tagged Austria, EIB, Green Homes, Innsbruck, partnership, Salzburg, Salzburger Sparkasse Bank AG, sustainabilty, Tiroler Sparkasse Bank AG
(IN BRIEF) The European Investment Bank (EIB) has provided €20.1 million to WEB Windenergie AG (W.E.B) for the construction of a new wind farm in Spannberg, Lower Austria. The project’s first phase will build four wind turbines, with plans to … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged (WEB) Windenergie AG, Austria, clean energy, EIB, partnership, sustainabilty, Thomas Östros, wind farm
(IN BRIEF) Schneider Electric has launched a new AI-powered feature for its Wiser Home app, enhancing energy management for homes. This feature optimizes the use of water heaters and electric vehicle chargers by learning from user habits, weather forecasts, and … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Portugal, Spain, Technology
Tagged AI-Enhanced, Austria, Energy management, France, Germany, Michael Lotfy Gierges, PORTUGAL, Schneider Electric, Spain, sustainability, Wiser Home App
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