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 […]
Car fuel sold at petrol stations in Austria is set to become significantly more expensive.The price for one barrel of Brent oil reached a three-year high at nearly 120 US dollars (87 Euros) today (Thurs) due to the riots in Libya, a major oil producing country. The cost for one barrel or 159 litres of […]
Baumit International managed a year on year turnover increase in 2010.The company, which is based in Waldegg, Lower Austria, said today (Fri) that its turnover soared by 10 million Euros to 790 million Euros in 2010. The construction material firm does business in 29 countries in Central and Eastern Europe (CEE).Baumit International said it recently […]
Spar Austria chief Gerhard Drexel has called on political decision-makers to “prevent” speculation on agricultural products.Business experts have warned that increased speculation on the trade rates of cereal products and other foodstuffs may lead to significant price increases in supermarkets around the world.Asked by the Kurier newspaper whether shoppers will have to bear the brunt, […]
An Austrian construction company has started a joint venture with a bankrupt rival, it has emerged.Business papers report today (Weds) that Vienna-based Porr AG will start working together with Slovenian building firm SCT. The new partners will try to win public tenders in the country which neighbours Austria in the south.SCT was banned from applying […]
An Upper Austrian producer of solar collectors has gone bust, it emerged today (Mon).The Austrian Creditors Protection Association (KSV 1870) said Eberstalzell-based Xolar had debts of nearly four million Euros. KSV 1870 added that 74 employees and 100 creditors were affected.Xolar was taken over by Upper Austrian Greiner Group (Greiner Technology & Innovation, GTI) last […]
Austrias sporting goods retail sector achieved above-average growth last year, it has been announced.Branch officials said today (Fri) that the sector managed to increase its business activities by 3.3 per cent year on year. They underlined that the countrys retail sector grew by just 2.2 per cent at the same time.Experts said sport equipment shops […]
An Austrian wine came out top in a blind tasting of 75 Rieslings from all over the world in Great Britain.A Riesling from 2004 by winemakers Hirsch in Kammern, Lower Austria, made first place ahead of a wine produced by German winemaker Egon Müller-Scharzhof and a 2007 Riesling by the Prager family in Lower Austrias […]
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 […]
An Austrian delegation has met with Azerbaijani businessmen and the country’s political elite to discuss opportunities to do with the countries economic relationship.Azerbaijani business newspaper Trend reports that a group of entrepreneurs headed by Federation of Austrian Industries (IV) boss Veit Sorger travelled to the Eurasian countrys capital Baku to debate key topics with their […]