Insurance company UNIQA Versicherungen AG (UNIQA) said its 2010 performance could have been better than expected.The firm said today (Fri) that some weeks ago it expected profits of around 120 to 135 million Euros, while analysts predicted profits of 142 million Euros. Now the Vienna-based insurer has explained that it may have achieved a pre-tax […]
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 […]
Austrian lingerie manufacturer Palmers has warned it will try to withdraw the takeover of rival Lejaby amid suspicions its previous owner gave wrong information about its finances.Palmers boss Thomas Weber told business magazine Trend his firm was considering approaching US American Warnaco Group to discuss chances for a retroactive reduction of the takeover price of […]
Leading household detergents producer Claros business activities in Iran are prospering, it has been revealed.Firm chairman and owner Josef Dygruber said today (Thurs) Claro managed to achieve an annual turnover from operations in the Western Asian country of 650,000 Euros in 2010 after having started doing business there only in the previous year.Dygruber, who stressed […]
Fewer than 9,000 fake Euro banknotes were confiscated in Austria last year, helping the country to remain among the Eurozone members with the lowest forgery rate.The Austrian National Bank (OeNB) announced yesterday (Mon) that 8,812 forged Euro notes were discovered and banned last year, down from 9,780 in the previous year. It added that the […]
Car dealers in Austria seem to look back on their best business year in history but record figures presented today (Tues) are deceiving, experts have warned.Statistik Austria announced that, with 328,563, more cars than ever were registered in 2010. The state agency said this figure meant a 2.9 per cent year on year increase […]
The number of bankruptcies declined by nearly six per cent year on year in 2010, it has been announced.Creditreform, an Austrian association for the protection of creditors, said today (Mon) that officials handled 6,657 cases of broke companies last year. It said this was a 5.9 per cent decrease compared to 2009 figures. Creditreform added […]
One in four Austrian companies employ unregistered staff, according to a report.The Kronen Zeitung newspaper quotes secret documents today (Tues), claiming that around 25 per cent of checked firms were found employing illegal workers. The daily newspaper reports that more than 11,200 of the overall 67,000 staff at investigated businesses between January and November 2011 […]
IT services provider Brain Force Holding AG (Brain Force) spent more than 1.8 million Euros on restructuring measures in the past business year.The Vienna-based company said today (Tues) it invested 1.82 million Euros on firm-internal restructuring measures in the 2009/2010 business year which ended on 30 September.Brain Force announced that its turnover declined by 22 […]
An Austrian hotel management company has been assigned to establish a hotel in what will be the biggest building in Minsk.Vienna International (VIH) said today (Tues) the plan was to open the four-star business hotel in the capital of Belarus in 2014.The hotel, which will feature 280 rooms, will be located in the Minsk Tower. […]