Gerhard Roiss, the new head of energy sector giant OMV AG, has hinted that the company will reform its strategy.The businessman, who took over from Wolfgang Ruttenstorfer as CEO today (Fri), announced yesterday he assigned a team of firm-internal experts to review and possibly adopt OMVs focus.Roiss explained it was likely that OMV will draw […]
Tag: company
Hagen named new VIG boss
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Peter Hagen is to become new head of Vienna Insurance Group (VIG), one of the leading insurers in Europe.The businessman, who joined the company in 1989, will succeed Günter Geyer as CEO on 1 June 2012. He is currently also a member of the supervisory boards of steel industry giant Voestalpine and the Vienna Stock […]
When the world’s most famous Austrian abroad made his last film he could not resist a plug for his favourite snack. As a result in Terminator 3 the cyborg played by Austrian-born Schwarzenegger grabs a bunch of Manner wafers when shopping for food at the gas station in the desert – and the merciless killing […]
Voestalpine ups research expenditure
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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 […]
TA rebuffed by Serbia
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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, […]
Sex ad leaves right-wingers red-faced
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A right-wing partys youth organisation has vowed to review the organisation of its homepage after a banner advertised erotic contacts and a controversial computer game.The Vorarlberg branch of the Freedom Partys (FPÖ) youth organisation RFJ confirmed today (Weds) that it cancelled the contract with an internet advertising company after a large banner which appeared on […]
ECO Business earnings soar up
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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 […]
The future of JoWooD Entertainment AG (JoWooD) is uncertain as a previously possible investor made clear it no longer had an interest in pouring their money into the bankrupt computer games developer.Insolvency organiser Helmut Platzgummer said today (Fri) that one company, which was initially keen on investing in the firm, now explained it no longer […]
AUA approaches black figures
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Austrian Airlines (AUA) managed to reduce its losses last year.The struggling carrier suffered a loss of 64.7 million Euros in 2010, it was announced yesterday (Thurs). The airline stressed this was a significant improvement compared to the previous years loss of 230.9 million Euros.AUA, which reduced its workforce from more than 7,000 to around 5,900 […]
Wienerberger snares Belgium rival
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Wienerberger AG has taken over a Belgian competitor, it was announced today (Thurs).The Vienna-based company the worlds biggest producer of bricks said it acquired Heylen Bricks. The family business which has its headquarters in Veldwezelt looks back on 100 years of manufacturing bricks.Heylen Bricks has 39 employees and achieved a turnover […]