Red Bull Racings profits before taxes were up more than six-fold year on year in 2009, according to British media.The Daily Telegraph reports today (Mon) that the British Formula One (F1) team which is financed by Austrian energy drinks producer Red Bull increased to 4.6 million Euros from 2008 to 2009.The newspaper also […]
Strabag SE has been assigned to begin one of Austrias biggest infrastructure projects.Carinthian Freedom Party (FPK) Governor Gerhard Dörfler announced today (Fri) that the Vienna-based market leader was contracted to build both sections of the Koralm tunnel.The railway tunnel will connect the Carinthian capital of Klagenfurt and Graz in Styria from 2022. Strabag said it […]
A 20-year-old woman has been sentenced to jail for failing to pay for train tickets worth more than 10,000 Euros.Judges at a court in Innsbruck, Tyrol, heard yesterday (Thurs) how the young woman ordered more than 400 train tickets but failed to pay for any. She managed to trick Federal Railways (ÖBB) for years by […]
Carinthian machine and packaging manufacturer Hirsch Servo AG managed to reduce its losses in the past business year.The company said today (Fri) it suffered net losses of 6.2 million Euros in the 2009/2010 business year, down by 4.5 million Euros year on year.Hirsch Servo, which managed to keep its turnover stable at around 86 million […]
Lufthansa boss Wolfgang Mayrhuber has appealed to the Austrian government to remain a reliable partner and pull out from setting up a tax on flight tickets.The Austrian businessman, who will retire as head of the German airline by the end of this year after having been in charge since 2003, said today (Fri) that […]
Telekom Austria (TA) boss Hannes Ametsreiter has called for more investments in the education sector.The businessman said today (Thurs) Austria must “urgently” think about how to improve the education system.”We must spend more on education if Austrian firms want to be able to compete internationally. Austria has always had a high creative potential. We must […]
Lufthansa has said it expects its subsidiary Austrian Airlines (AUA) to be in the black in 2011.The German aviation giant acquired a major interest in the Vienna-based company last year. AUA has carried out a strict cost-cutting programme during the past few months. It said the plan was to reduce its overall staff number of […]
Notebook producer Quanmax has managed to raise its equity in the first three quarters of this year.The Upper Austrian company, which was formerly named Gericom, announced today (Thurs) that its equity soared from 18.1 million Euros in December 2009 to 32.7 million Euros. This amount means the firm currently has an equity ratio of 52 […]
Residents of Vorarlberg are putting more trust in their own spending power than last year, according to new research.Dornbirn-based agency Team a5 found that 64 per cent of interviewed people rated the spending power of people living in the province as “good” or “excellent”, up by 16 per cent year on year. The study also […]
An elderly Frenchman has been put in custody after failing to pay at a petrol station in eastern Austria yesterday (Tues).The 85-year-old driver was stopped on the A4 eastern motorway in the province of Burgenland shortly before the Austrian-Hungarian border.CCTV footage revealed that he fuelled his car for around 40 Euros and took one can […]