Telekom Austria (TA) is engaged in a bidding war for Serb telecommunications firm Telekom Srbija, according to reports.Belgrade daily Politika claims today (Fri) that the Austrian market leader has interest in taking a 50 per cent stake in the company from the Serb government. The report also has it that Germanys Deutschen Telekom, Egyptian firm […]
Vienna Insurance Group (VIG) reported increased profit today (Thurs).The company announced net profit had risen by 9.2 per cent from the first six months of 2009 to 194.4 million Euros during the same period this year. Profit before taxes jumped by 11 per cent to 255.6 million Euros, it added. Analysts had expected profit before […]
Viennese caterer DO&CO managed to raise earnings and turnover in the first quarter of its 2010/2011 business year (1 April to 30 June).The firm said today (Thurs) turnover had jumped by 15.6 per cent to 102.13 million Euros year on year, while earnings before interest and taxes improved from 3.44 million Euros to 4.81 million […]
Workers union officials are expected to turn their guns on Post AG bosses as details of the firms controversial austerity plans have emerged.The company in which the Republic of Austria has a 52.8 per cent stake through state holding company ÖIAG announced today (Weds) where it planned to shut down post offices.Post AG […]
Hypo Alpe-Adria Bank International AGs former Chief Executive Officer Wolfgang Kulterer was arrested today (Fri) in Klagenfurt, Austria.According to Austrian newspaper “Kurier”, Kulterer could face up to ten years in jail.Kulterer is being investigated for breach of trust and giving false testimony to an enquiry commission in the Province of Carinthia, Helmut Jamnig, a spokesman […]
Austrian petrol firms pointing the finger at international trade developments are red-faced over revelations that they were behind soaring prices.The Federal Austrian Competition Authority (BWB) announced today (Fri) that domestic oil companies did not consider global price levels when it came to establishing the prices of diesel and regular fuel at petrol stations.BWB boss Theodor […]
T-Mobile Austria suffered a decline in turnover in spite of more customers in the first half of this year.The company the second-biggest mobile services provider in Austria after Mobilkom Austria said today (Thurs) that turnover edged down by 5.9 per cent between January and June of 2010 compared to the same time span […]
OMV managed to raise earnings and turnover in the first half of this year.The Vienna-headquartered oil and gas firm said today (Weds) turnover soared by 31 per cent to 11,015 billion Euros compared to the first six months of 2009. Analysts expected the companys turnover to increase by just 25 per cent year on year.The […]
Austrian furniture megastore chain XXXLutz has coughed up around 200 million Euros to snatch up a Slovenian competitor, it has been claimed.Business dailies report today (Thurs) that XXXLutz which has around 17,000 employees transferred between 150 and 200 million Euros to Lesnina owners to take over the company in full.Bosses at the company […]
Telekom Austria Group (TA) has joined an internationally-operating union of telecommunication service providers.Technology media report today (Thurs) that the Austrian market leader has become a member of the Wholesale Applications Community (WAC), with TA chief Hannes Ametsreiter named board member of the body.WAC aims to be an international interface between creators of IT applications and […]