The Austrian subsidiary of the German chip manufacturer Infineon is increasing investments in clearly defined future-oriented projects.

The year 2020 has been a rough one for the accommodation and restaurant industry. After the COVID-19 lockdown in the first months of 2020, many restaurants reopened in the second half of the year, but their daily traffic dropped sharply compared to a year ago.

While the ping pong match of who will raise more before the year is out continues, the onlookers adopt a precautious approach.

During the first nine months of 2020, Fraport AG’s financial performance was severely impacted by the Covid-19 global pandemic. T

Germany’s third largest airport, Berlin Brandenburg “Willy Brandt” airport BER, is scheduled to open on 31 October 2020. IATA code for the entire airport location will change to BER with the start of the 2020/2021 winter schedule. Schӧnefeld SXF becomes BER. Tegel TXL to close November 8.

In 2019 Bosch made considerable investments of capital and human resources at its Austrian sites. It is attaching particular emphasis on R&D.

In 2019, BMW invested € 374 million in the Austrian production facility in Steyr which manufactures close to half of all BMW engines.

Fraport AG’s Supervisory Board, in an extraordinary meeting today, elected Hessian finance minister Michael Boddenberg as their new chairman. Michael Boddenberg succeeds Karlheinz Weimar, who stepped down at the close of yesterday’s Annual General Meeting (AGM) – after leading the Supervisory Board for more than 16 years. The shareholders elected Michael Boddenberg to the Supervisory Board at yesterday’s AGM.

M&A Report (May 2020)

German auto supplier ZF Friedrichshafen has held preliminary talks with potential suitors for its aviation unit as it reviews strategic options for the business, two sources familiar with the matter said.