Linz-based steel industry firm Voestalpine AG has decided to increase its research budget.The company announced today (Tues) it will pour 120 million Euros into firm-internal research projects in the 2011/2012 business year which starts this Friday (1 April), around 10 per cent more than in the current business year. Voestalpine pointed out that it has […]
A vast majority of Austrians claim to engage in recycling their garbage, it was revealed today (Tues).A study carried out by the European Commission (EC) shows that 97 per cent of Austrians say they recycle some of their household waste. This share helps Austria to a joint first place among the 27 member states of […]
All eyes are on Telekom Austria (TA) after the Serbian government rejected a first takeover offer.TA announced last week it was ready to transfer “between 800 million and 950 million Euros” for a 51 per cent stake in Serbian telecommunications provider Telekom Srbija. No other firm handed in an official offer after rivals from France, […]
The number of construction industry companies opting for controlled insolvency is on the rise, figures presented today (Tues) show.The Austrian Creditors Protection Association of 1870 (KSV 1870) said 204 building firms went bust in the first three months of this year, around 31 per cent more than in the same time span of 2010.Only some […]
Götzis-based clothes producer Huber Holding AG (Huber) has managed to achieve a higher turnover and earnings last year than in 2009.The Vorarlberg company said today (Mon) its turnover rose by 3.8 per cent to 101.3 million Euros, while earnings before interest and taxes (Ebit) soared from 2.7 million Euros in 2009 to 4.7 million Euros […]
Viennese hotels have introduced significant price increases as temperatures are on the rise, it has been revealed.Travel platform Trivago (www.trivago.co.uk/hotelprices) found today (Thurs) that a standard double room in the Austrian capital currently costs an average 134 Euros after just 99 Euros last month and 104 Euros in January. Trivago research shows that the current […]
Tyrol has registered a strong increase of tourists from America.Tourism marketing officials in the western Austrian province said today (Weds) preliminary figures for the current skiing holiday period show that the number of overnight stays booked by people from the United States climbed by around 24 per cent compared to the previous winter.They added that […]
Real estate company ECO Business-Immobilien AG (ECO Business) has managed to double its earnings.The firm, which has its headquarters in Vienna, said today (Tues) its earnings before interest and taxes (Ebit) climbed from 12.4 million Euros in 2009 to 29.4 million Euros the next year. ECO Business added it made a profit of 9.1 million […]
Viennese technology and fireproof products maker RHI AG achieved earnings of nearly 140 million Euros last year.The company – which presented preliminary annual figures earlier this month – said today (Tues) its earnings before interest and taxes (Ebit) soared by 75.7 per cent to 138.8 million Euros from 2009 to the following year. RHI added […]
Impoverished Austrians have a significantly lower life expectancy, according to a charity.Siegfried Meryns “Nein zu arm und krank” (Say No to Poverty and Sickness) initiative (www.neinzuarmundkrank.at) reports that people with a monthly income of under 1,500 Euros die around four years earlier than the Austrian average.The organisation, which says poverty and diseases can form a […]