Foreign Minister Michael Spindelegger is set to become the new chairman of the conservative Peoples Party (ÖVP).The board of the party which forms a coalition with the Social Democrats (SPÖ) on federal level unanimously chose Spindelegger in a meeting this morning (Thurs). The panel was pressed to act after Finance Minister Josef Pröll […]
Lighting systems producer Zumtobel AG has managed to improve its turnover by more than 10 per cent.The company, with its headquarters in the Vorarlberg city of Dornbirn, said today (Mon) it achieved a turnover of 908.9 million Euros in the first three quarters of its 2010/2011 business year. The firm emphasised this was a 10.2 […]
Austrian Airlines (AUA) bosses have warned that ticket prices may rise in the near future.AUA co-chief Andreas Bierwirth said today (Fri) that the airline could increase its kerosene surcharge depending on developments in Libya.The regimes army killed hundreds of people who took to the streets to call for democracy and free elections. Libyan leader Muammar […]
EVN AG, one of Austrias main energy providers, has announced it has managed to reduce its debts.EVN said today (Thurs) that it had debts of 1.37 billion Euros in the first quarter of the 2010/2011 business year, 6.9 per cent less than in the same period of the previous business year. EVN added its investments […]
The supervisory board of crane producer Palfinger AG is going to hand control over to the next generation as two members will be replaced my much younger counterparts.The firm, which has its headquarters in Salzburg, said today (Weds) that Hannes Palfinger, 37, and Stiegl brewery boss Heinrich Dieter Kiener, 54, will join the panel next […]
German aviation giant Lufthansa expects its affiliated firm Austrian Airlines (AUA) to achieve earnings of 50 million Euros this year, it has been claimed.Business newspapers in Austria and Germany reported today (Thurs) that bosses of the German airline told AUAs board they want to see it make operative earnings of 50 million Euros in 2010. […]
A leading hotel chain has decided to part company with executive board chief Rudolf Tucek.Vienna International Hotel Management AG (VIH) announced yesterday (Weds) that its supervisory board decided to remove Tucek from power. Reports have it that business partners and customers were irritated by his “energetic decision-making” regarding the management of existing hotels and VIHs […]
Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]
Vienna International Airport (VIA) recorded significantly more passengers year on year in 2010 and bosses said they expected customer figures to soar further this year.VIA announced today (Weds) it registered 19.69 million passengers last year, up by 8.7 per cent compared to 2009. The airport, which is located near Schwechat in Lower Austria, explained […]
An Upper Austrian company has been assigned to build what will be the biggest building in Minsk, it emerged today (Weds).Habau Hoch- und Tiefbaugesellschaft m.b.H. (Habau) confirmed reports claiming it had been contracted to construct the 170-metre Minsk Tower.The company, which is based in the town of Perg, explained it planned to have started the […]