Tag Archives: economic challenges

CANCOM Group Reports Strong Financial Performance for 2023, Forecasts Significant Growth for 2024

(IN BRIEF) CANCOM Group concluded the 2023 fiscal year with remarkable financial results, including a 17.8% increase in revenue to €1,522.7 million and a notable rise in EBITDA to €115.7 million. CEO Rüdiger Rath attributes this success to strategic acquisitions … Read the full press release

Equinor and bp Terminate Empire Wind 2 OREC Agreement Amid Economic Challenges

(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release

Vienna Stock Exchange in 2023: Resilience Amid Economic Challenges and Record Bond Listings

(IN BRIEF) The Vienna Stock Exchange faced a challenging year in 2023, marked by high interest rates, persistent inflation, and geopolitical tensions that impacted European stock markets. Despite these unfavorable conditions affecting trading activity, the exchange achieved a record year … Read the full press release

German DAX CEOs Experience 8% Decrease in Compensation Amidst ESG Focus and Economic Challenges, TUM and DSW Study Finds

(IN BRIEF) According to a study by the Technical University of Munich (TUM) and the advocacy group DSW, the earnings of top executives in German DAX-listed companies were approximately 8% lower in 2022 compared to the previous year. This decrease … Read the full press release

NatWest Group Urges Collaboration for Advancing Open Banking and Overcoming Economic Challenges, According to Oxera Report

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has commissioned a report by Oxera, an economics and finance consultancy firm, on the potential of Open Banking. The report highlights the economic obstacles hindering the wider adoption of Open Banking and the development of innovative … Read the full press release

voestalpine AG reports solid result for the first nine months of the business year 2013/14, despite economic challenges

Revenue declines slightly by 3.1% from EUR 8.7 to EUR 8.4 billion At EUR 1.01 billion, operating result (EBITDA) just slightly below last year’s figure (EUR 1.04 billion) At EUR 573 million, profit from operations (EBIT) is 5.6% or EUR … Read the full press release