CAT Oil AG has managed to double its profit.The Austrian company which produces and offers services for the equipment for the oil and gas industry said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oils turnover edged up by 0.3 per […]
Verbund AG has achieved a better turnover and higher earnings.The company Austrias busiest energy provider said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]
Internationally operating technology group HTI High Tech Industries AG (HTI) managed to reduce its losses as the firm gets ready to enter the Vienna Stock Exchanges (WBAG) Prime Market.The Linz-based company is currently quoted on the WBAGs Mid Market. Its stocks will be traded on the Prime Market of the WBAG on 1 May. One […]
Many tanning salons ignore the law and let minors use their facilities, a new undercover investigation has shown.The Association for Consumer Information (VKI) said today (Thurs) six out of 15 tested solariums in Vienna did not hesitate to let under-aged people on their sun beds.The organisation revealed one shop instantly offered a special rate to […]
OMV AG has started operating at an oil field in Tunisia after taking over an American rivals exploration activities in the North African country.The Austrian energy sector top dog said today (Weds) it carried out first drillings at the El Badr 5 field in Tunisia earlier this week. OMV explained it would produce 1,500 barrels […]
Oil and gas company OMV AG has presented plans to open dozens of discount petrol stations.The Vienna-based firm said today (Mon) it would do so by expanding its Avanti low-cost service station range in the coming years. OMV currently runs 22 such branches in Austria. The firm explained the plan was to manage 50 low-priced […]
Sweet-toothed Austrians have been dealt little mouth-watering news.Economy Chamber (WKO) Silvio Molin-Pradel announced today (Fri) ice cream parlours in Austria will charge around 20 Eurocents more for a small cone this summer. Molin-Pradel explained businesspeople of the trade decided to react to rising foodstuff prices as the trade rates for cocoa, hazelnuts and other products […]
Struggling engine manufacturer ATB Austria Antriebstechnik AG (ATB) has warned shareholders it could have suffered immense losses last year.The Vienna-based company which runs factories in the Austrian province of Styria, Germany, Great Britain and Serbia said yesterday (Thurs) its annual loss could be higher than half of its nominal capital. ATB added that […]
A controversial new terminal built at Vienna International Airport (VIA) will not be large enough to handle all Austrian Airlines (AUA) flights, according to a newspaper report.Building activities started in 2005 as it was the plan to put the main parts of the terminal called Skylink into operation ahead of the European Football Championship in […]
A Styrian company specialised in solar energy generation has received assignments worth 17.4 million Euros overall from businesses and town halls overseas.Graz-based Solid GmbH said today (Fri) it will install solar-powered heating and cooling systems at a school, a hotel and seven prisons in the US state of Arizona.It is not the first time for […]