Austrian Peoples Party (ÖVP) Finance Minister Josef Pröll has said he is planning to get banks on board to help financially struggling Greece.Pröll said yesterday evening (Sun) he would speak with the heads of Austrias main banks about whether they could imagine getting involved in the international subsidisation plan for the financially struggling European Union […]
Tag: Euros
Police said drug dealers they had arrested on the weekend had earned more than 600,000 Euros selling heroin during the past 11 months.Investigators in Klagenfurt announced today (Mon) the four-member all-male gang aged 19 to 22 had been taken into custody and 1.8 kilograms of heroin had been confiscated.Police found out the gang who […]
ÖBB brushes out red ink in 2009
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Austrian Federal Railways (ÖBB) is back in the black after ending a controversial speculative deal with Germanys Deutsche Bahn (DB).ÖBB said today (Mon) its operating profit had been 121 million Euros in 2009 after it had had 970 million Euros in losses in the previous year.The company however lost 300 million Euros in a speculative […]
Bosses at Lekkerland Austria the German food wholesale trade firms Austrian branch said they were happy with 2009 figures despite a decrease in turnover.Lekkerland Austria chief Andreas Jimenez said today (Mon) turnover had declined from 109 million Euros in 2008 to 108 million Euros last year.He added the firm had managed to tackle […]
BCR’s Q1 net profit slumps
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Austrian Erste Group’s Romanian subsidy Banca Comerciala Romana (BCR) had a decline of 26.4 per cent in net profit in the first quarter of this year, according to company data released today (Fri).Net profit amounted to 58.7 million Euros, down by around 26.4 per cent compared to the first quarter of 2009.The reason was much […]
Banca Transilvania to list on WBAG
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Romanian bank Banca Transilvania (BT) is going to list on the Vienna Stock Exchange (WBAG) after shareholders’ approval of the move.BT, listed on the Bucharest exchange since 1997, said today (Fri) the decision to list on the WBAG would make the company “more visible and more attractive to foreign investors.”Horia Ciorcila was re-elected president of […]
HTI looks back on difficult 2009
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Upper Austrian car industry supplier HTI hopes for positive figures this year after a decline in turnover in 2009.Company boss Peter Glatzmeier said today (Fri): “The past year was a difficult year in which restructuring measures dominated our activities.”Glatzmeier added he hoped for positive business results in 2010.Turnover of the firm based in St. […]
KTM back on track as earnings rise
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Upper Austrian motorcycle and off-road vehicle maker KTM Power Sports AG is racing all the way on the road to recovery as earnings soared in the first half of its 2009/2010 business year.Officials at the Mattighofen-based firm said today (Thurs) earnings before interest and taxes (Ebit) climbed to 6.3 million Euros after losses of nine […]
Red Bull has retained its title as Austrias most valuable brand in the world.The Salzburg-based energy drinks producer ranks 82nd in international market research agency Millward Browns study of the most powerful companies in the world.Internet giant Google tops the top 100 with an estimated value of 86 billion Euros followed by IT firms IBM […]
VCÖ makes 350mn kerosene tax call
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Austrian Traffic Club (VCÖ) officials have claimed Austria was losing out on around 350 million Euros of annual revenues by not charging taxes on kerosene.VCÖ expert Martin Blum branded the situation an “indirect subsidisation of the aviation industry.”Blum said today (Weds) the government would garner around 355 million Euros per year if it decided to […]