The head of Austrian construction sector top dog Strabag SE has rejected claims it was aiming for more acquisitions in Switzerland. Hans Peter Haselsteiner said today (Thurs) his company would not launch another attempt to take over Implenia. Strabag – Austria’s biggest building company – previously tried to grab a majority share in the firm. […]
Tag: company
AUA adds extra Linz link
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Austrian Airlines (AUA) has decided to introduce additional domestic flights in autumn. The company said today (Thurs) it would add a morning service from Linz Airport (LNZ) to Vienna International Airport (VIA or VIE) on 30 October. The new flight will take off at the airport situated near the capital of Upper Austria at 8.20am. […]
Red Bull tops brand value ranking
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Red Bull has been identified as the strongest Austrian brand in the world. The beverages producer – which has increasingly engaged in multimedia promotion and the funding and organisation of sporting events – came top in the latest Eurobrand Austria study. The European Brand Institute (EBI) said today (Thurs) Red Bull increased its brand value […]
Garden furniture maker goes bust
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More than 120 people may lose their jobs due to the bankruptcy of an Upper Austrian company. The Oberösterreichische Nachrichten (OÖN) newspaper reports today (Thurs) that Acamp will soon start a final clearance sale. The paper claims all measures to keep the firm afloat have failed. Acamp, which specialises in manufacturing garden furniture, filed for […]
AUA boss bemoans ‘bad luck’
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An Austrian Airlines (AUA) manager has claimed the struggling company “had lots of bad luck” in the past few months as he warns it will fail to meet previously set goals this year. AUA co-chief Andreas Bierwirth said today (Fri) the loss-making carrier “will not make our initial target” of making a profit this year. […]
Verbund AG has said it is investing “several hundreds of millions of Euros” in a new wind park in Romania. The Austrian energy sector giant – which started the construction in Casimcea in March – explained the site should generate electricity from next year. Up to 170,000 households will be provided with power when the […]
Train travel less popular, study shows
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Austrians took the train less often last year, new figures reveal. The Austrian Traffic Club (VCÖ) announced today (Fri) that residents of the Alpine country covered 1,270 kilometres (km) by train in 2010, down from 1,297 km in the year before. This figure puts Austrians into a leading position in Europe. Only people living in […]
Renaissance ups Porr stake
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Turkish construction company Renaissance has increased its interest in Austria’s third-biggest building company. Porr AG announced today (Thurs) that its cooperation partner acquired an additional 5,700 shares. This purchase means Renaissance now holds 10.07 per cent in the Vienna-based company. Construction businessman Karl Heinz Strauss – who succeeded Wolfgang Hesoun as executive chief of Porr […]
Tool store chain Baumax has revealed it plans to set up 30 new stores in Turkey.The company which opened its third shop in the Eurasian country in the city of Izmir today (Weds) explained it could imagine opening around 30 representations in the long run. Baumax, which is based in Klosterneuburg near Vienna, […]
A Polish travel company has revealed plans to offer cut-price coach trips to Austria.PolskiBus announced it will launch a new budget travelling programme connecting 16 cities within the country later this month. The company added that it aimed at expanding the service across the continent. Polish newspapers report today (Fri) that Austrian capital Vienna, the […]