A group of leading businessman has publicly backed OMV boss Wolfgang Ruttenstorfer who faces legal action for alleged insider trading.The entrepreneur, who has headed the oil and gas company since 2002, will be in court in January after the state prosecution decided to press insider dealing charges.Ruttenstorfer acquired OMV stakes worth 632,000 Euros in March […]
OeNB ups economic outlook
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The Austrian National Bank (OeNB) said today (Fri) it expected the Austrian economy to grow by 2.1 per cent year on year.OeNB announced only in June that the countrys economy could improve by 1.8 per cent in 2011 compared to this year.The banks latest estimation is also more optimistic than recent predictions by Austrias leading […]
Men exposed as Xmas shopaholics in poll
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Men will spend around 100 Euros more on Christmas presents than women, a new survey has revealed.GfK Austria found that male Austrians planned to invest 455 on Christmas gifts for their loved ones, while women were expected to spend an average 356 Euros this year.The agency, which interviewed 500 Austrians aged 15 and older, also […]
Under-fire Michaelis ‘will not reapply’
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Peter Michaelis will not apply for another term as head of Federal Industry-Holding Stock Corporation (ÖIAG), it has emerged.A spokeswoman for ÖIAG announced today (Fri) that the businessman, whose contract ends next June, did not have any plans to suggest an extension of his contract. She refused to reveal any names for potential successors, but […]
Austrian Airlines (AUA) staff representatives have criticised the decision to increase the number of co-chiefs of the airline.The companys supervisory board announced yesterday (Weds) that Thierry Antinori will take over as new head next April. The Frenchman will take over the marketing agendas from Andreas Bierwirth who currently cooperates with fellow board member Peter Malanik […]
One in five want extended shopping hours
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Almost 20 per cent of Austrians want shops to adopt longer business hours, it has been reported.A survey conducted by Viennese agency Karmasin for magazine Regal shows that 19 per cent of Austrians want a change of federal trade laws so stores are allowed to open longer than the current maximum 72 hours per week.Especially […]
Betbull losses in decline
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Sports betting provider Betbull has managed to reduce its losses.The company, which is based in Malta and listed on the Vienna Stock Exchange (WBAG), said today (Weds) it lost 1.9 million Euros in the first three quarters of this year after a loss of three million Euros during the same time span of 2009.Betbull, which […]
Michael Doppelmayr, head of transportation systems producer Doppelmayr Holding AG (Doppelmayr), has said he is “very satisfied” with the past business year.The internationally operating firm, which is based in the Vorarlberg town of Wolfurt, suffered a slight decline in turnover in the 2009/2010 business year from 615.7 to 603.2 million EurosThe company boss pointed out […]
A Romanian shopping centre into which Austrian Sparkassen Immobilien poured 200 million Euros has made it into the Guinness Book of World Records for the largest indoor Christmas light display.Guinness World Records officials acknowledged the bid as a new world best after visiting the installation which features 449,658 lights at the Sun Plaza mall in […]
The recession still has the European construction sector in its grip, a leading building company has warned.Linz-based Swietelsky, Austrias fifth-biggest construction firm, said today (Tues) that it would give a “careful” outlook due to the “insecure situation” in the Eurozone. The term describes the 16 European Union (EU) members which use the Euro as their […]