T-Mobile Austria suffered a decline in turnover in spite of more customers in the first half of this year.The company the second-biggest mobile services provider in Austria after Mobilkom Austria said today (Thurs) that turnover edged down by 5.9 per cent between January and June of 2010 compared to the same time span […]
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OMV earnings bubble over
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OMV managed to raise earnings and turnover in the first half of this year.The Vienna-headquartered oil and gas firm said today (Weds) turnover soared by 31 per cent to 11,015 billion Euros compared to the first six months of 2009. Analysts expected the companys turnover to increase by just 25 per cent year on year.The […]
Erste Bank CEO wants tax on assets
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The head of Austrias second-biggest bank has caused a stir by calling for the introduction of a tax on assets.Erste Bank boss Andreas Treichl told weekly magazine News today (Thurs): “A decent taxation on assets must be set up, of course, as well as (higher) real estate tax levels and inheritance tax.”Treichl also said tax […]
XXXLutz in 200mn Lesnina deal
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Austrian furniture megastore chain XXXLutz has coughed up around 200 million Euros to snatch up a Slovenian competitor, it has been claimed.Business dailies report today (Thurs) that XXXLutz which has around 17,000 employees transferred between 150 and 200 million Euros to Lesnina owners to take over the company in full.Bosses at the company […]
Verbund chief Wolfgang Anzengruber has said planned investments might be delayed due to the continuing debate over a capital increase.The government has been at odds for weeks over whether it should console the energy provider with 500 million Euros in an overall one-billion-Euro capital increase. The Austrian State holds a 51 per cent interest in […]
Mitterlehner expects strong 2010 economy
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Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner has said the Austrian economy will prove think tanks wrong by growing stronger than predicted.The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) said earlier this year they expected the countrys economy still considered to be in a fragile condition after the global […]
Kaltenegger wipes away land tax calls
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Peoples Party (ÖVP) general secretary Fritz Kaltenegger has ruled out higher real estate taxes as the budget debate intensifies.Kaltenegger said today (Fri) his party opposed an increase of land tax from next year. His pledge comes days after several economists and the ÖVPs coalition partner, the Social Democrats (SPÖ), called for an open discussion over […]
The son of Freedom Party (FPÖ) MP Barbara Rosenkranz is accused of having shouted “Heil Hitler!” at a group of teenage students.Newspapers report today (Thurs) that a teacher reported 20-year-old Volker Rosenkranz to police for allegedly making the infamous Nazi greeting towards his students outside Vienna City Hall on 24 April. The group were leaving […]
The Viennese tourism industry seems to be over the worst of the economic downturn as it had its best first six months of the year in history.Vienna tourism chief Norbert Kettner revealed today (Thurs) that 4.8 million overnights occurred between January and June of this year, up by 12.9 per cent year on year and […]
Strabag bags another Abu Dhabi order
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Austrian construction top dog Strabag SE has won a second major assignment in Abu Dhabi within two months, it has been revealed.Company CEO Hans Peter Haselsteiner announced today (Weds) Strabags German subsidiary Züblin held 47.5 per cent of the assigned consortium, adding that the port construction project had a value of 105 million Euros.The new […]