Niki Lauda is reportedly seeking a new “head sponsor” as the cooperation contract with OC Oerlikon expires at the end of this year.Newspapers report today (Thurs) that the struggling Swiss technology firm will not extend the deal securing it a place on the front of Laudas iconic red baseball cap for an alleged 1.2 million […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has suggested to privatise parts of indebted Austrian Federal Railways (ÖBB) to help the company to recover.The head of the opposition party said today (Thurs) the government should list some departments of the struggling firm, which is close to the state, on the stock market. […]
A construction material company awarded the “Sustainable Development Award 2010” will transport the vast amount of material produced at one of its plants via train.Manfred Asamer, head of Upper Austrian firm Asamer, said today (Weds) 80 to 90 per cent of the material won at the Roitham factory or 180,000 tons of gravel […]
Upper Austrian dairy Gmundner Molkerei has said it will close a plant in Freistadt after acquiring it less than four years ago.Gmundner Molkerei head Michael Waidacher announced yesterday (Weds) the 400 deliverers and 15 staff working at the site in Freistadt have already been informed. He added all of them have been offered to work […]
The cancellation of 3,500 flights due to the Europe-wide air traffic shutdown slashed passenger figures of FlyNikis partner Air Berlin last month.The Berlin-based firm, which has a 49.9 per cent interest in Niki Laudas company, said today (Thurs) year on year passenger figures plummeted by 16.5 per cent to 2,065 million in April.Air Berlin said […]
Award-winning journalist Paul Lendvai will present his new book at a Viennese bookshop later this month.Shakespeare & Company manager Guy Perlaki announced today (Tues) that the 81-year-old Hungarian-born Austrian political expert will talk about his new work “Inside Austria New Challenges, Old Demons.” on 12 May (7.30pm).Perlaki stressed that his store was the first […]
Austrian Federal Railways (ÖBB) is back in the black after ending a controversial speculative deal with Germanys Deutsche Bahn (DB).ÖBB said today (Mon) its operating profit had been 121 million Euros in 2009 after it had had 970 million Euros in losses in the previous year.The company however lost 300 million Euros in a speculative […]
Austrian Erste Group’s Romanian subsidy Banca Comerciala Romana (BCR) had a decline of 26.4 per cent in net profit in the first quarter of this year, according to company data released today (Fri).Net profit amounted to 58.7 million Euros, down by around 26.4 per cent compared to the first quarter of 2009.The reason was much […]
Opinion leaders and business chiefs from all over the world will take part in an international conference on technologies of the future in Vienna next week.The Austrian Economic Chamber (WKO) announced British bestselling author Ray Hammond as well as members of leading think tanks and company bosses are set to speak at “TECH FORCE 2010” […]
Austrian building top dog Strabag said construction of a Croatian port would be finished by 2013.The Vienna-based company has been engaged in building the new Gazenica port in the Dalmatian city of Zadar since May 2009.Firm officials said today (Thurs) it had also been assigned to lead procedures in the second stage of the project […]