German aviation giant Lufthansa expects its affiliated firm Austrian Airlines (AUA) to achieve earnings of 50 million Euros this year, it has been claimed.Business newspapers in Austria and Germany reported today (Thurs) that bosses of the German airline told AUAs board they want to see it make operative earnings of 50 million Euros in 2010. […]
An Austrian construction company has started a joint venture with a bankrupt rival, it has emerged.Business papers report today (Weds) that Vienna-based Porr AG will start working together with Slovenian building firm SCT. The new partners will try to win public tenders in the country which neighbours Austria in the south.SCT was banned from applying […]
An Upper Austrian producer of solar collectors has gone bust, it emerged today (Mon).The Austrian Creditors Protection Association (KSV 1870) said Eberstalzell-based Xolar had debts of nearly four million Euros. KSV 1870 added that 74 employees and 100 creditors were affected.Xolar was taken over by Upper Austrian Greiner Group (Greiner Technology & Innovation, GTI) last […]
More and more Austrians are opting for foodstuff produced in an eco-friendly way, according to new figures.The Austrian agricultural branch authority Agrarmarkt Austria (AMA) announced today (Tues) that 116,280 tons of organic products were sold in specialised and regular supermarkets across the country in 2010.AMA explained this is a 21.5 per cent improvement compared to […]
The turnover of Austrias retail trade soared by nearly three per cent year on year in 2010, it has been announced.Researcher KMU Forschung Austria said today (Tues) that shops in the country generated an overall turnover from sales of 50.1 billion Euros after taxes, 2.7 per cent more than in 2009. It pointed out that […]
Employees of a leading drugstore chain will get an extra day off if they use it for community work, it has been reported.DM Austria, the Austrian branch of German cosmetic products and drugstore chain DM, said today (Tues) that its 5,400 staff will be granted an additional paid day off work if they use the […]
T-Mobile Austria has hired a new marketing agency.The Viennese company said today (Tues) that it will cooperate with DDB Tribal as of 1 March after a seven-year partnership with Publicis.DDB Tribal also works for T-Mobile Germany, Viennese brewery Ottakringer and German consumer products maker Henkel.Alexander Rosenegger of DDB Tribal in Vienna said: “Together we will […]
The Austrian economy is continuing to recover from effects of the global downturn, new figures confirm.The Institute for Economic Research (WIFO), a Viennese think tank, said today (Tues) that the Austrian gross domestic product (GDP) rose by 0.6 per cent in the fourth quarter of 2010 compared to the previous quarter of the same year.WIFO […]
Red Bull boss Dietrich Mateschitz has revealed plans to launch TV stations in English-speaking countries.The businessman said today (Mon) that his Red Bull TV programmes could soon be screened “on the Anglo-American market”. The main topics of Red Bull TV are sport, music and lifestyle. Its different series are currently broadcast on ServusTV, an Austrian […]
Another company has adapted its product range in view of sociological trends as T-Mobile Austria offers a contract aimed at the German community in Austria.The firm said today (Mon) its 19-Euro “Hit Germany” contract model for mobile phones features 1,000 free minutes of calls and 1,000 free text messages from Austria to Germany.The rate is […]