Austrian economic news in a flash - 21.10

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Austrian utility EVN will renew its invitation for participation in its capital increase, the company said. This became necessary after German partner EnBW decided to keep its 35.72% stake in EVN and not to sell it.
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Oil and gas group OMV said it expects about EUR 200m in net extraordinary costs in the third quarter of 2010 due to write-offs in Strasshof (Austria) and Kazakhstan. The company will not manage to reach its production targets in those markets, it added. OMV's total production in Q3 decreased to 316,000 boe/d from 318,000 boe/d in Q2. The reference refinery margin stood at USD 1.84 per barrel, down from USD 3.39.

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Steel specialist Voestalpine may end 2010/11 with an operating profit higher by between 50% and 100% compared to last year's EUR 350m, CEO Wolfgang Eders said at the Gewinn Messe in Vienna.
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Shares in industrial group A-Tec Industries, which has announced an insolvency procedure, will be moved to the standard market continous segment of the Vienna Stock Exchange from the prime market, the bourse operator said.
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Real estate developer Immofinanz sold the Valdek office building in Prague to a Danish investor due to its small size. The sale price stands above the book value of the building, the company.
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AT&S said its sales grew 41% to EUR 243m in the first half of 2010/11. The net profit stood at EUR 19.1m.
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Vaccine developer Intercell and US biopharmaceuticals company Romark Laboratories will jointly work on a therapy against Hepatitis C, the Austrian company said.
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Fire-fighting vehicles maker Rosenbauer has received a EUR 17.4m order for the delivery of 21 vehicles to the Malaysia Airport Holding Berhad.
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OAO Avielen, a joint venture between real estate companies Warimpex, CA Immo and UBM, received a EUR 60m bank credit for the financing of the Airportcity St. Petersburg, the three firms said.
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Conwert's CEO Johann Kowar expects a positive effect of between EUR 35m and EUR 50m from the first-time consolidation of sector company Eco Business in the third quarter of 2010, Kowar said at the Gewinn Messe in Vienna.
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There are six interested parties, including revamp specialist Erhard Grossnigg, for the takeover of the 29% stake of collapsed AvW in machinery group Binder+Co, WirtschaftsBlatt reported. The sale process is expected in November.
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Vienna Insurance Group bought 75% plus one share in Albanian sector firm Interalbanian SHA, which holds 10% of the local market. No financial details were given.