Aston Martin Rapide production to move to UK

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Business

The first ever Aston Martin manufactured outside Great Britain will be produced at the carmaker’s headquarter facility from next year, it has emerged.The British company announced yesterday (Tues) it decided not to continue the cooperation with Austrian-Canadian company Magna International (Magna). The firm – which was founded by Austrian businessman Frank Stronach in the 1950s […]

Bures rejects ÖBB sale suggestion

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Business

Social Democratic (SPÖ) Infrastructure Minister Doris Bures has labelled a debate over whether Federal Railways (ÖBB) should be privatised as “superfluous.”New People’s Party (ÖVP) Finance Minister Maria Fekter hit the headlines at the weekend by announcing she could imagine selling ÖBB to reduce the soaring state debt.Fekter said she “would have no problem” with privatising […]

Strabag set to get busier

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Business

Strabag SE has said it hopes to be engaged in activities worth 14 billion Euros in 2011, more than it predicted earlier this year.The construction company said today (Tues) it was optimistic about the current year due to a strong first quarter. Strabag, which has its headquarters in Vienna, added that it saw chances to […]

Wasp sting kills worker

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General News

A worker collapsed and died after being stung by a wasp, it has emerged.The 43-year-old from Perg told colleagues what happened before he passed out in front of them at his company in Wartberg ob der Aist near Freistadt, Upper Austria, yesterday (Thurs). The co-workers failed to resuscitate him.A doctor said today the man died […]

Volvo callback in Austria

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Business

Volvo is calling back more than 1,200 cars in Austria.Drivers association ÖAMTC said today (Fri) the Swedish firm – which was acquired by Chinese automotive company Geely – was currently recalling 1,282 vehicles in the country over different technical difficulties. The needed repairs are finished within an hour, according to Volvo’s Austrian representation.German company BMW […]

Czech pipeline assignment for Alpine

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Business

Salzburg-based Alpine Bau GmbH (Alpine) has teamed up with a Belgium company to build a gas pipeline in the Czech Republic.The firm said today (Fri) the joint venture with Denys had a value of 76.7 million Euros. Czech state-owned gas provider Net4Gas assigned the firms to construct two pipelines of an overall length of 105.8 […]

EVN turnover slides

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Business

The turnover of electricity and gas provider EVN AG has dropped slightly, new figures show.The Lower Austrian company said today (Thurs) it achieved a turnover of 1.63 billion Euros in the first half of the 2010/2011 business year, 0.3 per cent less than in the same period of the previous business year.EVN added that its […]

Strabag in German wind power bid

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Business

Building industry top dog Strabag SE is to get involved in a major wind energy project.The Vienna-based company – Austria’s biggest construction firm – said today (Tues) it will cooperate with project leader Northern Energy Projekt GmbH in the endeavour. The German holding will set up around 850 offshore wind power stations in the North […]

Firms urged to ´Take Hay while the sun shines´

Categories
Finance

Austria and Germany are enjoying an economic upturn – bouncing back following the crash in 2008 and recession of 2009.But despite the current positive economic news, companies are being warned of troubled times ahead, and the need to use the current positive situation as a chance to prepare for troubled times ahead.This was the message […]

Borealis to complete construction of UAE centre

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Business

Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company – which also runs factories in Austria and Sweden among other countries – announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]