FlyNiki partner Air Berlin has revealed plans to diminish its capacities.The company Germanys second-biggest airline after Lufthansa said today (Thurs) it planned to reduce its fleet by seven planes in the near future as a reaction to upcoming taxes on tickets imposed by the German government.The coalition of the Christian Democratic Union of […]
Staff representatives have criticised the “extreme expansion policy” of struggling industrial firm A-Tec.The company faces bankruptcy, and reports have it that A-Tec planned to get rid of its subsidiary Austrian Energy & Environment (AE&E) to avoid a collapse.A-Tec puts the dire state of the firm down to cost overruns on a project by AE&E in […]
Hundreds of drivers have fuelled their cars at a new discount petrol station in Vienna.The station managed by Salzburg-based businessman Markus Friesacher in cooperation with discount supermarket chain Hofer started doing business in the citys Simmering district yesterday (Tues).One litre of diesel fuel and regular petrol costs 0.99 Eurocents in a special offer […]
Hundreds of jobs in Austria are at risk as Swiss healthcare company F. Hoffmann-La Roche Ltd. (Roche) plans to drastically reduce its costs.The internationally operating company said today (Weds) it planned to reduce its global staff figure by 4,800 or six per cent, adding that its target was to spend 1.8 billion Euros less a […]
Discount supermarkt Penny has added 100 new products to its range.The no frills supermarket chain said today (Weds) around 1,500 different items were now on sale at its nearly 300 stores across Austria including branded articles like Wieselburger beer and Meinl coffee.Penny, previously named Penny Markt, is part of German Rewe Groups Austrian subsidiary Rewe […]
Cellulose fibre maker Lenzing AG raked in more than one billion Euros in the first nine months of this year.The company said today (Tues) that its turnover soared from 885 million Euros in the first three quarters of 2009 to 1.29 billion Euros in the same time period of this year.The firm, which is based […]
Hundreds of Czech doctors may seek work in neighbouring Austria over a heated row about low salaries.The Czech doctors union announced in an open letter to the government published today (Tues) that 4,000 doctors one of out four of physicians working at hospitals in the country would quit if politician decision-makers failed to […]
Soaring mineral oil prices have led to a two per cent year on year inflation rise, it has been reported.State agency Statistik Austria said today (Tues) that the October inflation rate would have reached just 1.4 per cent had mineral oil products like car fuel not become 15 per cent more expensive compared to the […]
Austrian consulting group Plaut AG has opened an office in Moscow.The company, which has its headquarters in Vienna, said today (Mon) that the office in the Russian capital will be its fifth in Central and Eastern Europe (CEE).Plaut is quoted on the Frankfurt Stock Exchange (FWB). It achieved a turnover of 6.4 million Euros and […]
Energy producer EVN AG has finalised its capital increase.The Lower Austrian company, which is listed on the Vienna Stock Exchange (WBAG), said today (Mon) it expected proceeds from the move to be around 180 million Euros.The Lower Austrian government is the main stakeholder in the Maria Enzersdorf-based firm with a 51 per cent interest.German energy […]