The stock of PC and console games developer JoWooD collapsed by more than 35.32% on Tuesday after resuming trade on the Vienna Stock Exchange. The shares were suspended from trading last week as the company had to file for insolvency protection.
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Real estate company CA Immo said it expects its earnings to grow considerably in the current year. The company also plans to reduce the share of development projects in its portfolio to 20% from 30%. The capital ratio, which fell to 30% due to the takeover of Europolis, will have to be boosted to 40%. CA Immo said also it does not envisage capital hikes and that dividend payments are possible for 2012.
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The trial against Wolfgang Auer-Welsbach, the CEO of the collapsed AvW financial group, was launched on Tuesday. He is accused of breach of trust and heavy fraud, which have caused damages for some EUR 400m to 12,500 investors in the company. The businessman pleads not guilty.
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The number of new vehicle registrations in Austria rose 2.2% in annual terms to 424,114 in 2010, Statistik Austria reported. The number of passenger cars increased 2.9%, while that of lorries was up 8.5%.
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