Österreichische Post AG (Post AG) has managed to increase its profit despite fewer letters being set in Austria.The state-owned postal services provider said today (Tues) its profit soared by 48.5 per cent to 118.4 million Euros from 2009 to 2010. Turnover however edged down by 0.2 per cent to 2.357 billion Euros.The company, which is […]
Lenzing challenged by soaring demand
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Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing […]
A Serbian family business manufacturing soap from goats milk has revealed plans to enter Austria.Company chief Zeljko Zeljkovic from Kikinda said today (Mon) he wanted to export his product to Austria and Germany in the near future as business in his homeland has been prospering.Zeljkovic explained he started to make the special soap based on […]
An energy sector group and a lighting systems manufacturer are tied for first place in a survey assessing how Austrian businesses use their homepages to hire the best-qualified staff.Milan-based corporate communications consultancy Lundquist announced today (Mon) oil and gas firm OMV and Dornbirn-based Zumtobel headed the first Austrian edition of its Employer Branding Online Awards.OMV, […]
Leder & Schuh turnover rises
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Graz-based shoe company Leder & Schuh International AG (Leder & Schuh) has managed a 10 per cent turnover increase.The firm which runs Humanic, Jello and other chains said yesterday (Thurs) it achieved a turnover of 542.8 million Euros last year, up from 496.3 million Euros in 2009.Leder & Schuh has a market share […]
Turkey has started to import cattle from Austria again after having decided to stop doing so amid fears animals were infected with the blue tongue disease last month.The Lower Austrian Agricultural Chamber announced today (Fri) Turkish officials decided to lift the ban which was implemented after a laboratory test showed that at least one cow […]
Value of exports and imports up sharply
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The Austrian economy is reasserting itself, new figures show.Statistik Austria announced today (Fri) the value of exports carried out by Austrian companies increased by 16.5 per cent to 109.2 billion Euros last year compared to 2009. The state agency however pointed out that 2009 figures had shown a 19 per cent decline compared to 2008.Firms […]
OMV boss rejects Libya pull-out appeals
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OMV chief Wolfgang Ruttenstorfer has made clear a retreat from Libya is not on the firms agenda.The Austrian company is one of a few firms which are still getting oil from the North African country where the troops of political leader Muammar al-Gaddafi are combating opposition groups calling for democracy.Ruttenstorfer said yesterday (Weds) OMV would […]
Austrian Airlines (AUA) has identified the upheaval in North Africa as the main reason for its recent decline in passenger numbers.AUA said today (Thurs) it registered a total of 649,000 customers last month, down by 1.6 per cent compared to February 2010. The airline said especially the number of tickets sold for flights to destinations […]
GDP climbs as real wages dwindle
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More exports and higher activity of the countrys production sector have led to a 0.8 per cent increase of the Austrian gross domestic product (GDP) in the final quarter of last year, a think tank has announced.The Institute for Economic Research (WIFO) said today (Thurs) the GDP was 0.8 per cent higher between October and […]