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 […]
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A Tyrolean farmer died instantly when his tractor touched a high-power line today (Weds).Officials in Weer in the provinces Schwaz district said the man, 49, was spraying herbicides on weed in his fields when his tractors trailer got entangled with a 25 kilovolt (KV) line. The farmer died on the spot, they added.Dozens of households […]
KTM recovery continues
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Motorbike producer KTM Power Sports AG has all chances of being back in the black this business year after seeing a rise in earnings in the first quarter.Stefan Pierer, head of the firm with headquarters in the Upper Austrian town of Mattighofen, said today (Fri) its earnings before interest and taxes (Ebit) in the third […]
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 […]
Palfinger grabs major NDM share
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Salzburg crane and hydraulic systems producer Palfinger has taken a major stake in Dutch company Ned-Deck Marine B.V. (NDM), it has emerged.Palfinger chief Herbert Ortner said today (Fri) he was convinced the acquisition of 75 per cent of NDMs shares will improve his firms service capacities.”NDMs turnover remained stable year on year in 2009 despite […]
Mobile communications provider 3 said today (Tues) 86,000 customers watched World Cup live coverage on their mobiles.The company said last Sundays final between Spain and the Netherlands (1-0) received the biggest hits, with all of the matches of the German national team recording good market shares as well.The firm added that customers watched on average […]
Peoples Party (ÖVP) Environment Minister Nikolaus Berlakovich has unveiled plans to set up a country-wide egg-farming database following a recent business scandal.Berlakovichs initiative comes after it emerged that a Styrian company imported substandard eggs from Poland and Hungary to sell them as local products. Recent reports have it that Rohr an der Raab-based Goldmund sold […]
Strabag boss Hans Peter Haselsteiners ambitious bid to break the Austrian Railways (ÖBB) monopoly will start next year.The construction business entrepreneur announced today (Thurs) that his private Westbahn railway service between Vienna and Salzburg was set to operate from December 2011.Haselsteiner whose firm Strabag is one of the biggest players in European construction industry […]
‘Forest cash hunter’ arrested
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A man caught on CCTV looking for hidden cash in a forest near Niklasdorf, Styria, has been tracked down by police.Chief investigator Karl Köck said the 45-year-old man told officers he had pocketed 100,000 Euros in a business deal before quitting his job at a Kapfenberg-based company.The suspect claimed he buried 70,500 Euros after panicking […]
Kapsch TrafficCom earnings jump
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Austrian IT firm Kapsch TrafficCom AG has reported a rise in earnings.The road toll specialist said today (Fri) net earnings soared from 16.4 million Euros to 36.5 million Euros year on year in the 2009/2010 business year.The company which is listed on the Vienna Stock Exchange (WBAG) also said turnover improved by eight […]