Creditors of bankrupt Cosmos welcomed the decision to close down all branches of the electronic consumer goods chain, according to a lobbyist.Wolfgang Hrobar of the Alpine Creditors Protection Association (AKV) said today (Mon) the broke companys more than 1,500 creditors were happy about the decision to shut all 27 shops since it ensured personnel and […]
Brewing company Privatbrauerei Zwettl announced plans to invest five million Euros in its facilities this year to match the growing demand for its products.Firm chief Karl Schwarz said today (Fri): “The year 2010 will be a year of investments for us. Well spend an overall five millions on the companys infrastructure.”Schwarz fifth generation head […]
Bosses at Styrian printing company Leykam Let’s Print announced today (Fri) they were looking for new staff after seeing order value rise again.The firm had to dismiss ten workers at its plant in Neudörfl, Burgenland, in March 2009 due to a sharp decrease in assignments. Dozens more were put into part-time jobs to avoid further […]
Last month saw inflation rise at its most dramatic rate in more than one year, official figures released today (Fri) show.State agency Statistik Austria reported inflation rose by two per cent in March compared to the same month of 2009, the highest year on year increase since developments in November 2008.Soaring car fuel and heating […]
OMVs Romanian subsidiary Petrom is investing 100 million Euros in wind power production, it was announced today (Thurs).Petrom said it acquired the company SC Wind Power Park SRL, which owns a fully authorised wind power generation project, in the south-eastern Romanian town of Dobrogea with a designated capacity of 45 megawatt.Petrom will built and operate […]
A controversial motorway tender deal in Romania that was bitterly contested by Austrian firm Strabag has collapsed after the winning French-Greek consortium pulled out of the deal.Romanian Times reports today (Thurs) that a consortium of French construction group Vinci and Greek builder Aktor withdrew from the 4.8-billion-Euro deal.The deal involved building of a 58-kilometre motorway […]
Alpine Bau GmbH is to build two motorway sections and seven bridges in Serbia as part of the Pan-European Corridor project.Alpine will build a 5.8-kilometre bypass around the city of Dimitrovgrad and another motorway section of 8.6 kilometres towards Bulgaria.The Salzburg-based construction company is also set to construct seven bridges in the country.Officials said today […]
All 45 jobs at a bankrupt Salzburg wood firm are safe, it emerged today (Weds).Liquidator Konrad Ferner said he told the 45 Salzburger Holzindustrie employees yesterday that they will all keep their jobs after he managed to find an investor willing to take over the broke company.Ferner said the Carinthian wood-processing firm Johann Weinberger won […]
Austrian online gaming platform bwin has revealed plans to expand to South America.Company chief Norbert Teufelberger said in an interview today (Tues) that he saw more growth potential in America than in Europe.”The plan is to do business in two to four South American countries within one or two years,” he explained.The bwin head also […]
Kapsch TrafficCom Sweden, a 100-per-cent subsidiary of Austrian IT firm Kapsch TrafficCom AG, has won a big assignment in Bangkok.Company officials announced today (Tues) that they will equip the Thai capitals Bang NaBangpakong expressway with a road toll system.The order was worth seven million Euros, they said, adding that they will set the system up […]