CAT Oil AG has managed to double its profit.The Austrian company which produces and offers services for the equipment for the oil and gas industry said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oils turnover edged up by 0.3 per […]
OMV AG has started operating at an oil field in Tunisia after taking over an American rivals exploration activities in the North African country.The Austrian energy sector top dog said today (Weds) it carried out first drillings at the El Badr 5 field in Tunisia earlier this week. OMV explained it would produce 1,500 barrels […]
A controversial new terminal built at Vienna International Airport (VIA) will not be large enough to handle all Austrian Airlines (AUA) flights, according to a newspaper report.Building activities started in 2005 as it was the plan to put the main parts of the terminal called Skylink into operation ahead of the European Football Championship in […]
A Styrian company specialised in solar energy generation has received assignments worth 17.4 million Euros overall from businesses and town halls overseas.Graz-based Solid GmbH said today (Fri) it will install solar-powered heating and cooling systems at a school, a hotel and seven prisons in the US state of Arizona.It is not the first time for […]
Struggling engine manufacturer ATB Austria Antriebstechnik AG (ATB) has warned shareholders it could have suffered immense losses last year.The Vienna-based company which runs factories in the Austrian province of Styria, Germany, Great Britain and Serbia said yesterday (Thurs) its annual loss could be higher than half of its nominal capital. ATB added that […]
Hotels in Salzburg have jacked up their prices, new figures show.Research by holiday information and price comparison platform Trivago (www.trivago.co.uk/hotelprices) shows today (Thurs) that a standard double room in the birthplace of composer Wolfgang Amadeus Mozart currently costs 122 Euros, up sharply by 20 Euros to the previous month.Tens of thousands of holidaymakers are coming […]
OMV has discovered an enormous gas field in Australia.The Austrian energy sector giant said today (Thurs) the amount of gas suspected in the Zola 1 exploration zone on the north-western Australian coast may be enough to cover the whole of Austrias demand for four to five years. OMV which cooperates with international companies in […]
Construction industry giant Strabag SE has acquired a German hydraulic engineering expert.The Vienna-based firm said yesterday (Weds) it fully took over Ludwig Voss GmbH retroactively on 1 January 2011, adding that it was awaiting the green light from competition watchdogs. Strabag did not disclose the takeover price.Ludwig Voss is a family business specialised in water […]
People of Vienna will splash out more on presents this Easter, according to a poll.The Viennese Economy Chamber (WKW) said today (Thurs) residents of the capital will spend an average 54 Euros on gifts ahead of this years upcoming festival, three per cent more than last year. More than 50 million Euros will be invested […]
Toni & Guy has revealed plans to expand in Austria.The British hairdressing company which has shops across the world said today (Weds) it wanted to open more stores in the country. Toni & Guys Austrian representation is currently limited to one salon in Viennas Innere Stadt district.”The goal is to position ourselves in […]