Austria's top economic news - January 28

Pankl Racing Systems AG said it has once again taken 100% in its US aerospace subsidiary. In 2006 Pankl sold 25% in the unit to Admiralty Partners.
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Insurer Uniqa said it expects its pretax profit for 2010 to stand between EUR 135m and EUR 140m, with premiums up 8.4% to EUR 6.219bn boosted by the strong international business. The company will announce final figures in April.

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The purchase manager index (PMI) calculated by Bank Austria reached 60.3 points in January 2011, showing a considerable improvement in the industrial sentiment. Order volumes and productions are strongly expanding, boosting employment, the economists said.
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Friedrich Huemer, CEO of car parts supplier Polytec, has divested 4.2% of his stake in the company. Now the manager controls 26.64% in the company.
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The shareholders of bookmakers Bwin and Partygaming approved the planned merger between the companies at their respective meetings on Friday.