Business, page 87

• AUA and Lufthansa 'to reform flight network'
  Austrian Airlines (AUA) and Lufthansa are pressing on with plans to coordinate their flight networks more efficiently.
• ThyssenKrupp snatches Austrian rival
  German industrial firm ThyssenKrupp AG took over Viennese welding torch specialist Techno-Stahl, it was announced today (Thurs).
• FlyNiki ally Air Berlin says ash cloud means €40mn loss
  Air Berlin said it suffered 40 million Euros worth of damage by the lockdown of European air traffic due to the eruption of a volcano.
• Decline in second hand vehicle sale figures reported
  The number of registered second hand vehicles declined last month.

• Post AG receive red figures delivery
  Post AG bosses said increasing competition by private mail delivery firms and the internet as the main rival for sending a letter led to a decline in earnings in the first quarter of this year.
• VIG turnover up over new tax fears
  Vienna Insurance Group (VIG) almost managed to match analysts’ expectation as the company presented business figures for the first quarter of this year today (Thurs).
• Strabag wants to buy back shares
  Austria’s biggest construction firm Strabag will buy back some of its shares if shareholders approve the move at their annual meeting on 18 June.
• Higher fuel taxes would soak the rich, VCÖ claims
  Higher fuel taxes would affect the rich much more than the poor, according to the Austrian Traffic Club (VCÖ).

• Welcome Air to expand its flight network
  Tyrolean airline Welcome Air announced today (Tues) that it would expand its flight network by autumn this year.
• Tiger Lacke to enlarge production capacity in China
  Upper Austrian firm Tiger Lacke has announced it will increase its production capacity from 10,000 to 15,000 tonnes of powder lacquer annually near Shanghai.
• Managers’ incomes take a hit
  Managers’ incomes took a significant hit during recession year 2009, according to the results of a new poll by Triconsult for Executives Business Forum (WdF) released today (Tues).
• Austria´s alpine bau dumps Bulgaria´s troubled hydropower project
  Austria's Alpine Bau has withdrawn from the construction of Gorna Arda hydropower project in southern Bulgaria, leaving energy firm EVN the sole partner of the majority owner, dominant state power utility NEK.

• A-Tec reports higher turnover in the first quarter
  Austrian industrial holding company A-Tec has reported turnover rose by 0.9 per cent year on year to 697.8 million Euros in the first quarter of 2010.
• BAWAG and ÖVAG will not merge
  Austrian banks BAWAG and Volksbank AG (ÖVAG) will not merge, according to the newspaper Der Standard.
• Wifo chief says Europe has a growth problem
  Europe has a growth problem as well as a budget problem, according to the Institute for Economic Research (Wifo) chief Karl Aiginger.
• Ottakringer looking for acquisitions abroad
  Ottakringer brewery is looking for acquisitions abroad in the wake of its merger last year with mineral-water producer Vöslauer, according to brewery chief Sigi Menz.

• BWB to investigate vehicle fuel-price increases
  The Federal Competition Authority (BWB) has said it will investigate vehicle fuel prices to determine whether oil companies had been deliberately raising them before holidays.
• Austria Export Day will be 10 June 2010
  Austria Export Day on 10 June 2010 will give attendees a chance to learn more about export opportunities and make valuable business contacts.
• Fewer passengers at VIA in April
  Vienna International Airport (VIA) has said its number of passengers declined by 8.0 per cent year on year to 1,396,357 in April 2010.
• Credit insurer warns Austrian exporters about Greece
  Credit insurer Atradius has warned Austrian exporters about orders from Greece for goods and services.

• Car club accuses oil companies of price-gouging
  Austrian car club Arbö accused oil companies today (Tues) of price-gouging on the occasion of the Ascension Thursday holiday this week.
• New car registrations down in April
  The number of new car registrations in Austria in April 2010 declined by 11.6 per cent year on year to 31,723, according to a report by Statistik Austria today (Tues).
• Croatian LNG project finally to get underway
  The Croatian liquid natural gas (LNG) project Adria LNG near Krk Island in which Austrian oil and gas producer OMV has a 32.47-per-cent interest will finally get underway.
• Linz Textile reports much better results
  Linz Textil AG today (Tues) reported much better results for the first quarter of 2010.

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