An Austrian bank is now offering its customers a bank card made out of corn that is biodegradable once it is finished with. The idea is part of an environmental initiative by the Raiffeisen Bank International AG (RBI) which includes not only biodegradable card but also packaging in which it is sent which is also […]
Tag: AG
Post AG turnover up by six per cent
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Austrian postal services company Post AG has managed to increase its turnover and earnings. The partly state-owned firm said yesterday (Weds) it achieved a turnover of 605.7 million Euros in the first quarter, six per cent more than in the same period of 2011. Earnings before interest and taxes (Ebit) climbed by 14.4 per cent […]
Glaciers melting at record speed
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Despite the record cold winter Austrian climatologists say the country’s glaciers melted last year faster than ever before. They highlighted the case of the glacier on the Dachstein that in 2011 shrunk with the loss of 6 million cubic metres of water – enough to fill 40 million baths. The melting glaciers are also a […]
Post AG staff benefit from turnover jump
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Austrian postal services provider Post AG has managed to increase its turnover despite lower interest in sending letters. Post AG chief Georg Pölzl said yesterday (Thurs) that the firm’s turnover rose by 4.2 per cent from 2010 to 2011 to 2.3 billion Euros. He explained that his company registered significantly fewer posted letters and postcards […]
Company bosses look back on windfall
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The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
Rasinger blamed for A-Tec disaster
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Mirko Kovats has harshly attacked Wilhelm Rasinger over the bankruptcy of A-Tec Industries AG (A-Tec). The industrial company – which consists of various affiliates operating in the raw material sector, the creation of factories and the production of tools – was founded by Kovats. It had to open insolvency procedures last year. The controlled bankruptcy […]
Number of Post Partners soars
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There are more than 1,200 so-called Post Partners in Austria, federal postal services provider Post AG announced today (Fri). The company has closed hundreds of regular post offices in the past years to save costs. Laws demand that the firm provides a comprehensive service to people everywhere in Austria. This is why Post AG agreed […]
Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]
Opposition leaders fear that the Austrian police force could become a “squadron of midgets” as the interior ministry plans to scrap a minimum body height rule for applicants.A spokesman for the federal interior ministry which is headed by Johanna Mikl-Leitner of the conservative Peoples Party (ÖVP) announced today (Tues) that the plan was […]
Austrian companies have invested six billion Euros in Romania since the fall of Communism, a diplomat has revealed.Michael Schwarzinger, the Austrian ambassador in Bucharest, said that amount has been spent by businesses from his country since the reintroduction of democracy in Eastern Europe (EE) after the fall of the Iron Curtain in 1989.Austrian oil and […]