Oil industry equipment maker Schoeller-Bleckmann Oilfield Equipment AG (SBO) said its earnings improved by almost 75 per cent last year.SBO announced it achieved earnings before interest and taxes (Ebit) of 49.4 million Euros in 2010, up by 74.8 per cent in a year. The Ternitz-based firms turnover rose by 22.3 per cent to 307.7 million […]
BMW Austria the Austrian branch of German car and motorcycle producer BMW is calling back more than 1,000 motorbikes.Drivers association ÖAMTC said today (Weds) the company decided to recall 1,191 motorcycles of various series due to problems with their back-wheel suspensions. The organisation said all owners have already been informed. ÖAMTC added it […]
Porr AG chairman Karl-Heinz Strauss has said the construction firm may stop operating in Hungary.The Hungarian government has criticised the quality of a motorway recently built by the Viennese company. Strauss pointed out today (Tues) that the problems were “of political nature”.The businessman said: “We may have to withdraw from Hungary. I think (the situation […]
The Austrian tourism branch has suffered in competitiveness, according to a survey presented today (Tues).The World Economic Forum (WEF) listed Austria in fourth in its latest Global Travel & Tourism Competitiveness Monitor, down two spots compared to the 2009 edition of the study.Switzerland heads the chart which features 219 countries and considers federal tourisms sustainability […]
Lighting systems producer Zumtobel AG has managed to improve its turnover by more than 10 per cent.The company, with its headquarters in the Vorarlberg city of Dornbirn, said today (Mon) it achieved a turnover of 908.9 million Euros in the first three quarters of its 2010/2011 business year. The firm emphasised this was a 10.2 […]
A German-born academic has become the third woman to head a state-owned university in Austria.The board of the Vienna University of Technology (TU) said today (Fri) it unanimously elected Sabine Seidler as new chief of the institution.The 49-year-old married mother-of-two will take over from Peter Skalicky in October. Skalicky has headed the university since 1991. […]
Fireproofing products maker RHI AGs earnings before interest and taxes (Ebit) could have been almost 150 per cent higher last year than in 2009, according to analysts.Market experts said today (Fri) that the Vienna-based firm which will present its annual business performance figures next Tuesday may have achieved Ebit of 134.5 million Euros […]
Austrian construction companies are in for a difficult year, a leading think tank has warned.The Institute for Economic Research (WIFO) announced today (Fri) that it expected investments in the domestic building sector to grow by just 0.7 per cent year on year. The think tank pointed out that the Austrian gross domestic product (GDP) was […]
Fewer than one out of three Austrians are satisfied with their personal work-life balance.Just 30 per cent of questioned citizens said, they were pleased about how they reconciled their professional duties and family responsibilities.The Centre for Future Studies at the Fachhochschule college in Salzburg said today (Thurs), it also found that a majority of 53 […]
Car fuel costs nearly 10 per cent more than at the beginning of the year, a motorists association has claimed.Car club ÖAMTC announced today (Thurs) that one litre of car petrol cost up to 9.5 per cent more at the moment than it did in early January. The organisation pointed out that the recently introduced […]