An Altach-based electrical engineering company has asked officials to start bankruptcy proceedings in a bid to continue doing business after having its finances restored.The Federal Creditors Protection Association (KSV 1870) announced today (Weds) that authorities in the province of Vorarlberg started checking the finances of MH Elektrotechnik GmbH which has debts of around 1.6 million […]
Austria has made the top five in a spending power survey among European Union (EU) member states.Eurostat, the European Commissions (EC) statistics authority, announced today (Weds) that Austria has the fourth-highest per capita gross domestic product (GDP) among the EUs 27 member countries with 124 per cent.Luxembourg came first in the survey with 271 per […]
An Upper Austrian company has been assigned to build what will be the biggest building in Minsk, it emerged today (Weds).Habau Hoch- und Tiefbaugesellschaft m.b.H. (Habau) confirmed reports claiming it had been contracted to construct the 170-metre Minsk Tower.The company, which is based in the town of Perg, explained it planned to have started the […]
Office furniture specialist Bene AG has managed to reduce its losses.The company, which is based in the Lower Austrian town of Waidhofen an der Ybbs, said today (Weds) it suffered losses of 8.7 million Euros in the third quarter of the 2010/2011 business year, down by 100,000 Euros year on year.Benes turnover declined from 135 […]
Westbahn boss Stefan Wehinger has said he hopes to make a profit five years after the new railway firm goes into operation.Wehinger said today (Tues): “We expect to achieve operative profits after five years. I have to say that I think many of those who have been in the business for a long time are […]
A Romanian company has been assigned to produce tram bodies for Viennas public transport network.Romanian Times reports today (Tues) that Siemens Austria, the Austrian subsidiary of German technology giant Siemens AG, ordered the Bucharest Transport Society (RATB) to manufacture 60 structures for trams set to go into operation in the Austrian capital during the coming […]
Vienna has another luxury hotel as the Sofitel Vienna Stephansdom started operating this morning (Tues).French architect Jean Nouvel created the design of the five-star resort located on the Donaukanal (Danube Canal) in Vienna-Leopoldstadt.The 18-storey building, which features 182 rooms costing between 250 and 3,000 Euros per night, also includes a carpet dealer and an art […]
Mazda is recalling more than 600 cars in Austria, it has been announced.Motorists organisation ÖAMTC said today (Tues) the Japanese company was asking 601 Austrian drivers of 1.8 and 2.0 litre Mazdas to have their cars checked for possible engine failures.ÖAMTC explained Mazda models produced between June 2009 and last April were affected by the […]
Austrian businessman Wolfgang Ruttenstorfer has decided not to reapply for a place on the supervisory board of Swiss healthcare company F. Hoffmann-La Roche Ltd. (Roche).Ruttenstorfer, who has headed Vienna-based oil and gas group OMV for eight years, entered Roches supervisory board in 2007. The Swiss health industry giant will decide on who will follow the […]
Infineon Austria head Monika Kircher-Kohl has joined the supervisory board of Siemens Austria.The company, a subsidiary firm of German technology and health industry firm Siemens AG, said today (Mon) that Kircher-Kohl and Austrian Industries (IV) General Secretary Markus Beyrer will succeed Albert Hochleitner and Johann Haider.Infineon Austria, the Austrian branch of German semiconductor producer Infineon […]