Business, page 89

• 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.
• IHS chief calls stabilisation package ‘a reasonable solution’
  Bernhard Felderer, who heads the Vienna economic think tank the Institute of Higher Studies (IHS), has said that last night’s Euro-zone stability package was "a reasonable solution" that had already begun to stem speculation against the Euro.
• OMV chief expects much better results this year
  Austrian oil and gas producer OMV’s chief Wolfgang Ruttenstorfer has said he expects his firm to have much better results this year than in 2009.
• Verbund interested in French hydroelectric plants
  Austrian electricity provider Verbund wants to buy hydroelectric plants in the Pyrenees and the Alps in France, firm General Director Wolfgang Anzengruber said today (Fri).

• Austrian exports rose in February
  Austrian exports rose in February by 5.5 per cent year on year to 7.82 million Euros, according to Statistik Austria.
• Austrian students’ knowledge of economics cause for concern
  Austrian students are interested in economics, but their knowledge about it is cause for concern, according to the Austrian Institute for Educational Research on Economics (ibw).
• Baxter to expand in Austria, Bohuslav claims
  US pharmaceutical firm Baxter will expand its operations in Vienna and Orth an der Donau, Lower Austria, the Lower Austrian Economic Councillor Petra Bohuslav has said.
• Raid at VIA over Skylink scandal
  Lower Austrian prosecutors have raided offices at Vienna International Airport (VIA) today (Thurs).

• Unpaid overtime prevents creation of 60,000 new jobs
  Austrians did more than 300 million hours of overtime last year, labour market experts have said.
• WIFO says industry will do well in Q2
  Austria’s economy will recover in the second quarter of this year, a leading think tank has predicted today (Thurs).
• Intercell snatches Swiss rival's development centre
  Viennese vaccine developer Intercell acquired a Swiss rival’s development centre for monoclonal antibodies.
• Viennese study shows Brit bosses earned the most in 2009
  Austrian business chiefs earned almost 500,000 Euros in so-called crisis year 2009, research shows.

• FlyNiki ally Air Berlin's April figures grounded by ash cloud
  The cancellation of 3,500 flights due to the Europe-wide air traffic shutdown slashed passenger figures of FlyNiki’s partner Air Berlin last month.
• AWO to host renewable energy showcase in Prague
  The Austrian Foreign Trade’s (AWO) representation in Prague is to host a showcase in a bid to strengthen ties with Czech companies in the renewable energy sector, it has been announced.
• Signa buys Vienna's IZD Tower
  Signa Holding added another high-profile property to its portfolio this week as the real estate firm bought the IZD Tower in Vienna-Donaustadt.
• Gmundner Molkerei to shut Freistadt dairy
  Upper Austrian dairy Gmundner Molkerei has said it will close a plant in Freistadt after acquiring it less than four years ago.

• EC says Austrian economy will rise above EU average
  The European Commission (EC) said Austria’s economy is to grow stronger than it had expected half a year ago.
• AUA still in the red as passenger numbers soar
  Austrian Airlines (AUA) failed to get back in the black in the first quarter of this year despite rising passenger numbers.
• Fairtrade Austria hopes for 2010 two-digit turnover rise
  Austrians spent more on Fairtrade products year on year in 2009 and bosses expect another two-digit rise this year.
• Miba 'strong' after the crisis
  Bosses at Upper Austrian car industry supplier Miba claimed the company got through the crisis well despite decreasing earnings.

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