Former Hugo Boss chairman Werner Baldessarini has joined the supervisory board of an Austrian textiles firm, it emerged today (Thurs).Bregenz-based textiles and tights manufacturer Wolford said the Tyrolean has been assigned to help in positioning the company and its products.Baldessarini headed the executive board of German fashion giant Hugo Boss until 2002 before spending three […]
More than 150 workers fear losing their jobs as a car industry supplier goes bust.Mattighofen-based leather producer Vogl said today (Thurs) that it has been forced to declare itself bankrupt following a dramatic decrease in orders of its products from car manufacturers. It used to provide leather seats for German firms like BMW, Porsche and […]
Motorists are infuriated after a survey revealed dramatic differences between prices charged for oil changes at garages in the province of Styria.The Labour Chamber (AK) announced today (Weds) its checks showed some garages demanded up to 210 Euros for changing a cars oil while others invoice only 28 Euros.AK, who tested an overall 57 repair […]
BAWAG boss Byron Haynes has denied claims Cerberus Capital Management considered leaving the Austrian bank sooner than planned following the introduction of stricter banking regulations.Haynes stressed today (Weds) speculations that the US American investor would sell BAWAG sooner than expected because of the Basel III agreement were wrong. Cerberus committed to remain on board for […]
Outgoing Magna co-chief Siegfried Wolf has rubbished claims that his departure will have a negative effect on the car parts makers factory in Austria.Russian billionaire Oleg Deripaska said earlier this month Wolf was set to head the automotive division of his company Russian Machines.The announcement came just weeks after Frank Stronach accepted a multi-million payout […]
Telekom Austria (TA) confirmed today (Tues) it was interested in snatching a stake in a Kosovan telecommunication firm.A spokesman for TA, which leads the Austrian mobile services market, announced the company was one of five firms which have informed the Kovovan government of their interest in the 75 per cent share of state-owned PTK on […]
Political decision-makers are at odds over what conclusions to draw from economic predictions made today (Fri).The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) announced they expected the Austrian economy to recover quicker from the credit crunch than initially predicted.IHS said the countrys gross domestic product (GDP) will rise by 1.8 […]
The Austrian furniture retail trade grew for a sixth year in a row in 2009, a market analysis expert has revealed.RegioPlan official Michael Oberweger announced today (Thurs)that the sector managed to increase turnover by 1.6 per cent last year compared to the 2008 business figures.Oberweger said he expected the furniture retail sector to grow by […]
B&H Airlines will offer flights between Banja Luka and Vienna from next month.The aviation company, which was founded as Air Bosna in 1994, announced today (Thurs) it will start offering two connections per week between Bosnia and Herzegovinas second largest city and the Austrian capital from 31 October.B&H Airlines added it also won the rights […]
Christoph Franz has been appointed new Lufthansa boss.The aviation firm announced yesterday (Tues) that the 50-year-old German businessman will succeed Wolfgang Mayrhuber as of the beginning of next year.Mayrhuber, who was born in the Upper Austrian town of Waizenkirchen, started working for Lufthansa in 1970. He has headed the firm that has its headquarters in […]