Energy prices still soaring

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Business

Higher household servicing expenses have avoided a significant decrease of inflation in Austria last month.State agency Statistik Austria found that a 3.3 per cent rise in energy prices and a 2.7 per cent increase of housing maintenance costs kept the annual inflation rate from declining more significantly than from 2.1 per cent in November 2009 […]

Oil to wood switch ‘slashes emissions by 97 per cent’

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Uncategorized

Oil heating causes 40 times more higher carbon dioxide (CO2) emissions than wood pellets systems, according to a new study.Pressure group proPellets Austria announced today (Fri) research by Bioenergy 2020+ and ARGE Renewable Energy Vienna / Lower Austria shows families heating their homes with oil could reduce their greenhouse gas emissions by 97.6 per cent […]

Red Bull Racing leaves favourite drink at home

Categories
Sports

Red Bull has decided to switch to other beverages at this weekend’s Formula One (F1) Grand Prix of Yeongam as the company’s trademark energy drink has not yet been introduced in South Korea.Red Bull Racing announced today (Fri) crew members and drivers – Australian Mark Webber and German Sebastian Vettel – will not be served […]

Human brain back up in 20 years, says scientist

Categories
General News

By Mark TuttleScientists will be able to do a backup of the human brain including memories and thinking patterns within the next two decades, according to the computer scientist who was the first to predict the internet.Award-winning Raymond Kurzweil, 62, has notched up a string of pioneering computer inventions including voice recognition technology during his […]

EVN fined over dominance in Bulgaria

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Business

Bulgarian legal chiefs have confirmed an anti-monopoly body’s decision to fine Austrian firm EVN.Local media report today (Weds) that the federal Supreme Administrative Court has ruled that the Competition Protection Commission acted “correctly and lawfully” in handing the energy provider a 77,000-Euro fine over its dominant market position.Meanwhile, the construction of a hydro power plant […]

Verbund focuses on investments despite capital increase row

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Business

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 […]

Supermarket chain launches hydro power cooperation

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Business

Customers of an Austrian supermarket chain will be able to order hydro energy supply while buying their foodstuff.Bosses at Merkur said today (Tues) shoppers would be offered contracts with Styrian provider Unsere Wasserkraft, a subsidiary of Energie Steiermark, at its shops as of now.Merkur is part of the German Rewe Group which also includes market-leading […]

Kennedy says Obama did ‘excellent job’ over oil spill

Categories
Politics

Robert F. Kennedy Jr. claimed Barack Obama has done an “excellent job” in reacting to the Gulf of Mexico oil spill.The environmental law expert said at a business event in Vienna last night (Weds): “I’m convinced Obama will succeed with his plans of stepping on new ground in energy and climate issues. He did an […]

Austrian energy price hike reported as EU average drops

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Business

Consumer watchdogs are expected to launch another scathing attack at energy providers at it emerged that energy and gas became more expensive in Austria while prices declined on average in the European Union (EU).Eurostat, the European Commission’s (EC) statistics agency, announced today (Fri) that the average price for energy provided to EU households dropped by […]

Cold winter serves up hot figures for EVN

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Business

Increasing demand for warm water and energy in the long extended winter helped energy provider ENV’s earnings soar.The Lower Austrian company said today (Thurs) earnings before interest and taxes (Ebit) rose by 5.7 per cent to 194.4 million Euros in the first half of the 2009/2010 business year compared to the first half of the […]