Bregenz-based airline InterSky had significantly more passengers last year than in 2009.The company announced today (Fri) it registered 250,000 clients in 2010, up from 185,000 in 2009 and 210,000 in 2008. InterSky said it wanted to grow further, but “will only invest money which we earned.”The carrier, which focuses on business travellers, said its target […]
Hagen named new VIG boss
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Peter Hagen is to become new head of Vienna Insurance Group (VIG), one of the leading insurers in Europe.The businessman, who joined the company in 1989, will succeed Günter Geyer as CEO on 1 June 2012. He is currently also a member of the supervisory boards of steel industry giant Voestalpine and the Vienna Stock […]
When the world’s most famous Austrian abroad made his last film he could not resist a plug for his favourite snack. As a result in Terminator 3 the cyborg played by Austrian-born Schwarzenegger grabs a bunch of Manner wafers when shopping for food at the gas station in the desert – and the merciless killing […]
Semperit share value drives upwards
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Semperit AG Holding (Semperit) shares soared in value today (Tues).As of 2pm, one stock in the rubber and synthetics industry company was traded at 40.81 Euros, up by 1.56 per cent. Semperit is based in Vienna and part of the German Continental AG group, a leading producer of tyres.Vienna-based fireproof products maker RHI AG also […]
Voestalpine ups research expenditure
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Linz-based steel industry firm Voestalpine AG has decided to increase its research budget.The company announced today (Tues) it will pour 120 million Euros into firm-internal research projects in the 2011/2012 business year which starts this Friday (1 April), around 10 per cent more than in the current business year. Voestalpine pointed out that it has […]
TA rebuffed by Serbia
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All eyes are on Telekom Austria (TA) after the Serbian government rejected a first takeover offer.TA announced last week it was ready to transfer “between 800 million and 950 million Euros” for a 51 per cent stake in Serbian telecommunications provider Telekom Srbija. No other firm handed in an official offer after rivals from France, […]
More building sector businesses go bust
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The number of construction industry companies opting for controlled insolvency is on the rise, figures presented today (Tues) show.The Austrian Creditors Protection Association of 1870 (KSV 1870) said 204 building firms went bust in the first three months of this year, around 31 per cent more than in the same time span of 2010.Only some […]
VW emission feud sparks legal action
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Porsche Austria Holding GmbH (PH) has vowed to take the Austrian Traffic Club (VCÖ) to court as political leaders and non-government organisations (NGO) unite behind the traffic research group.PH announced it will sue VCÖ for providing allegedly incorrect data concerning carbon emission rates of Volkswagen (VW) models. PH, which is based in Salzburg, is part […]
Schlaff mulls over RHI exit, says report
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Martin Schlaff plans to get rid of his stake in technology and fireproof products manufacturer RHI AG, according to reports.Business magazine Trend claims today (Mon) that the Austrian billionaire wants to sell his interest to Brazilian Magnesita Refractories SA (Magnesita), one of RHIs main rivals.Schlaff, who started investing in RHI four years ago, currently holds […]
Huber happy as turnover jumps
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Götzis-based clothes producer Huber Holding AG (Huber) has managed to achieve a higher turnover and earnings last year than in 2009.The Vorarlberg company said today (Mon) its turnover rose by 3.8 per cent to 101.3 million Euros, while earnings before interest and taxes (Ebit) soared from 2.7 million Euros in 2009 to 4.7 million Euros […]