The number of public transport fare dodgers caught this year has risen sharply in Vienna, new figures show.The citys public transport operator Wiener Linien announced today (Mon) around 165,000 people were fined for using trams, buses and underground trains without valid tickets during the first 10 months of this year. Around 270 staff carried out […]
Volksbank AG (ÖVAG) boss Gerald Wenzel has said his bank has achieved a turnaround after some difficult years.ÖVAG suffered losses of 1.123 billion Euros after taxes last year. Wenzel announced today (Mon) the institute achieved a net turnover of 56.6 million Euros in the first nine months of this year.Wenzel said he expected ÖVAG to […]
Fire truck and fire-fighting equipment maker Rosenbauer International AG has said it expected to achieve a turnover higher than 600 million Euros this year.The Leonding-based company, which serves customers across the globe, announced today (Fri) its turnover increased by 12.5 per cent year on year to 421 million Euros in the first nine months of […]
Time seems to be running out for struggling industrial firm A-Tec Industries AG as potential investors keep abandoning negotiations.Austrian businessman Ronald Pecik confirmed today (Fri) he saw “no sense” in acquiring A-Tecs subsidiary Austrian Energy & Environment (AE&E) because of its high debts and liabilities.This announcement comes after Hong Kong-based merchant banking company Mass Financial […]
Austrian businessman Frank Stronach is set to become involved with a Lower Austrian airline, it has emerged.Jetalliance boss Lukas Lichtner-Hoyer told the WirtschaftsBlatt newspaper today (Thurs) he was “delighted” at having managed to win Stronach as an investor.The Kottingbrunn-based business charter aviation firm merged with Magna Air, a subsidiary of Magna International, 10 years ago.Stronach […]
Bwin bosses have rubbished speculations that the firms merger with a key rival was suddenly in doubt.Business media reported recently that plans to cooperate with British competitor PartyGaming from next year have been hampered by delays in Bwins bid to start doing business in several new countries.The Austrian firm has been confronted with differing federal […]
FlyNiki partner Air Berlin has revealed plans to diminish its capacities.The company Germanys second-biggest airline after Lufthansa said today (Thurs) it planned to reduce its fleet by seven planes in the near future as a reaction to upcoming taxes on tickets imposed by the German government.The coalition of the Christian Democratic Union of […]
Discount supermarkt Penny has added 100 new products to its range.The no frills supermarket chain said today (Weds) around 1,500 different items were now on sale at its nearly 300 stores across Austria including branded articles like Wieselburger beer and Meinl coffee.Penny, previously named Penny Markt, is part of German Rewe Groups Austrian subsidiary Rewe […]
A lorry transporting chocolate worth more than 100,000 Euros was tracked down in Germany after being stolen in the Austrian province of Tyrol.The truck was discovered by police just across the Austrian-German border yesterday evening (Mon). None of its cargo 21 tons of fine chocolate worth 125,000 Euros were missing.The vehicle disappeared from […]
Lower Austrian police have started investigating the theft of three hot-air balloons.The folded balloons, together worth more than 180,000 Euros, were nicked from a company estate in Guntramsdorf. The owners of the balloons – called Pink Cameron, Eispeter and Casino Baden – reported the theft on Sunday, according to a police statement from today (Tues).Various […]