OMV AG may shut dozens of petrol stations in Austria and Germany. Company chief Gerhard Roiss explained yesterday (Weds) the firm’s new efficiency programme should help save 700 million Euros by 2014. Roiss also said OMV would invest 2.4 billion Euros into its various fields of operation in the coming 10 years altogether. Roiss – […]
Tag: company
A-Tec sale hit by Penta lawsuit
Categories
The sale of broke industrial company A-Tec Industries AG (A-Tec) could be overruled by judges after a defeated bidder revealed plans to appeal the deal in court. Czech-Slovakian investment company Penta announced today (Tues) an affiliate has asked the Commercial Court of Vienna for an injunction of the agreement between A-Tec bosses, representatives of creditors […]
Benko plans 65mn Lake Garda estate
Categories
A Tyrolean real estate developer intends to invest tens of millions of Euros into an estate at one of Italy’s most beautiful lakes. Rene Benko announced on Sunday he decided to spend 65 million Euros on the creation of a building complex featuring villas, terraced houses and apartments at Lake Garda. Tenants will be able […]
A controversial lobbyist raked in hundreds of thousands of Euros by getting Federal Railways (ÖBB) to buy the trademark rights for a registered name from him, an opposition politician has claimed. Peter Pilz, a member of the federal parliament (MP) of the Green Party, announced yesterday (Tues) he obtained a firm-internal audit report exposing the […]
Number of Post Partners soars
Categories
There are more than 1,200 so-called Post Partners in Austria, federal postal services provider Post AG announced today (Fri). The company has closed hundreds of regular post offices in the past years to save costs. Laws demand that the firm provides a comprehensive service to people everywhere in Austria. This is why Post AG agreed […]
Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]
Red Bull ends US cola adventure
Categories
Red Bull has given up its bid to break the US market with its own cola drink. The Salzburg-based company introduced Simply Cola, a soft drink free from preservatives and artificial flavours, in Europe and overseas three years ago. Red Bull confirmed reports by US media claiming that it decided to stop selling Simply Cola […]
Double decker bust up over tours
Categories
A bitter row over the right to offer double-decker bus tours around Vienna has broken out after a German company accused a Vienna rival of being allowed to operate a monopoly. The German company based in Munich has been trying for years to get a licence to offer double-decker tours around Vienna and now a […]
Almdudler sets its sights on UK
Categories
A leading lemonade manufacturer has revealed plans to expand in Germany and Great Britain. Almdudler announced today (Thurs) it wanted to increase its market share in Germany in the coming years. The firm claimed doubling or tripling its current share in the German supermarket and gastronomy sector was not impossible. Almdudler sold 10 million litres […]
Former Telekom Austria (TA) boss Boris Nemsic has been hired by a global investment and consulting firm, according to reports. Business newspapers claim today (Fri) that the Sarajevo-born businessman will head the emerging markets operations of Delta Partners, a firm based in Dubai in the United Arab Emirates (UAE). Nemsic headed TA for four years […]