Claro succeeds in Iran

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Business

Leading household detergents producer Claro’s business activities in Iran are prospering, it has been revealed.Firm chairman and owner Josef Dygruber said today (Thurs) Claro managed to achieve an annual turnover from operations in the Western Asian country of 650,000 Euros in 2010 after having started doing business there only in the previous year.Dygruber, who stressed […]

CAT oil grabs more Russian assignments

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Business

Oil and gas exploration equipment producer CAT oil AG has managed to raise its order volume in Russia.The Viennese firm, which is listed on the Frankfurt Stock Exchange (FWB), announced it received assignments from Russian oil and gas firms worth 222 million Euros as of today (Thurs), up by eight per cent year on year.”This […]

Emissions to rise as lorry traffic volume soars

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Business

Austria is moving further away from meeting agreed greenhouse gas emission limits as lorry traffic is on the rise.New figures presented by the Austrian Traffic Club (VCÖ) today (Thurs) show that the volume of lorry traffic on Austria’s busiest motorways increased year on year in 2010.The organisation, which examined road authority Asfinag’s annual data, said […]

Polytec achieves turnaround

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Business

Automotive industry supplier Polytec Holding AG (Polytec) managed to get back in the black last year, according to preliminary figures.The Hörsching-based firm said today (Thurs) that preliminary results suggest that the annual turnover rose by 27 per cent year on year to 770 million EurosPolytec added its earnings before interest, taxes, depreciation and amortisation (Ebitda) […]

Austrian firms get staff home from Tunisia

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Business

Oil and gas company OMV has withdrawn most of its staff from Tunisia, it has been reported.Dozens of people have died since last week when thousands of citizens took to the streets to demonstrate against the North African country’s regime.OMV told the Salzburger Nachrichten newspaper today (Thurs) that 54 of its 66 employees have preliminary […]

Oberbank presents bright 2010 figures

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Finance

Oberbank managed to improve its volume of credit and value of customer assets last year, according to preliminary figures.The institute said today (Tues) that its volume of credit improved by 5.7 per cent year on year to 10.4 billion Euros. The bank also said that it was in charge of 20 billion Euros of customer […]

Catholic charity opted for real estate shares

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Business

A tradition-rich charity has invested hundreds of thousands of Euros into risky real estate shares.The Catholic diocese of Linz spent 400,000 Euros of donations in a long-term real estate stock market deal in 2005, magazine profil reveals in its new edition. The money was generated by the Church’s traditional Dreikönigsaktion Sternsinger carol singers initiative in […]

Textiles tycoon challenges AUA

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Business

A textiles industry businessman has vowed to succeed Austrian Airlines (AUA) in offering flights between St. Gallen-Altenrhein Airport and Vienna International Airport (VIA).Bosses of the St. Gallen-Altenrhein Airport, which is located just a few kilometres from the Swiss-Austrian border, cancelled their cooperation with AUA last October. They explained AUA must stop its service as of […]

Linz AG slashes prices as average household must fork out more

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Business

An Upper Austrian electricity provider has lowered its rates while the average Austrian household energy costs have jumped.Linz AG announced today (Mon) it lowered its consumer prices by 1.4 per cent as of 1 January. The company said this decision means its customers will save an overall one million Euros this year.The firm, which claims […]

High car fuel tax rate exposed by study

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Business

A leading motorists’ association has criticised the high car fuel taxation rate in Austria.Arbö announced today (Mon) that 57 per cent of the price for one litre of normal car fuel and 52 per cent of what drivers have to spend on a litre of diesel are pocketed by the finance ministry.The car club stressed […]