Brewing company Privatbrauerei Zwettl announced plans to invest five million Euros in its facilities this year to match the growing demand for its products.Firm chief Karl Schwarz said today (Fri): “The year 2010 will be a year of investments for us. Well spend an overall five millions on the companys infrastructure.”Schwarz fifth generation head […]
Tag: Euros
OMVs Romanian subsidiary Petrom is investing 100 million Euros in wind power production, it was announced today (Thurs).Petrom said it acquired the company SC Wind Power Park SRL, which owns a fully authorised wind power generation project, in the south-eastern Romanian town of Dobrogea with a designated capacity of 45 megawatt.Petrom will built and operate […]
The number of people seeking debt counselling increased in Tyrol last year, it has been announced.Schuldenberatung Tirol (Tyrolean Debts Counselling) chief Thomas Pachl said yesterday (Weds): “An overall of 2,326 people asked us for advice last year, while 1,949 Tyrolean residents did so in 2008.”Pachl pointed out that the number of young clients has increased […]
OeNB chief welcomes EU’s Greece agreement
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Austrian National Bank (OeNB) Governor Ewald Nowotny said the rescue plan agreement “defused” the situation of cash-strapped Greece.Nowotny met with Austrian President Heinz Fischer today (Tues) to inform him about recent developments on the Austrian and European financial market.The OeNB boss said afterwards, referring to the rescue plan European Union (EU) leaders had agreed about […]
The economy of Graz was given a massive boost by sport fans coming to watch the European Handball Championships.Sports city councillor Detlev Eisel-Eiselsberg of the Peoples Party (ÖVP) said today (Tues) the Styrian capitals hotels and pensions registered an additional 6,100 bookings in January compared to figures for the same month in previous years.He added […]
The economic crisis is still affecting Austrian companies as the number of newly registered lorries dropped in the first quarter of this year.Official figures released today (Mon) show that 5.6 per cent less lorries were registered during the first three months of this year compared to the same period in 2009.The number of registered articulated […]
Final sale as Cosmos is to be liquidated
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Bankrupt electronic consumer goods chain Cosmos will be liquidated, it has been announced today (Fri).The Creditors Protection Association of 1870 (KSV 1870) said the decision was made after negotiators failed to find a “suitable follow-up solution” for the company which went bust earlier this year.KSV 1870 said the remaining articles would be sold at its […]
Saubermacher rumoured to acquire AVE
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Styrian waste management and recycling firm Saubermacher Dienstleistung-AG reportedly wants to acquire Upper Austrian waste management firm AVE, a subsidiary of Upper Austrian energy provider Energie AG Oberösterreich (EAG).Business magazine trend reported the news today (Mon), but EAG General Director Leo Windtner said the report had no basis in fact.He said: “AVEs continued consolidation is […]
Lenzing to invest more in expansion
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Upper Austrian fibre producer Lenzing AG announced today (Mon) that it would invest an additional 78 million Euros in expansion of its facilities in Nanjing, China, and Lenzing, Upper Austria.It added that half of its fibre production capacity would be located in Asia after the expansion. It announced the investment of 120 million Euros in […]
Burgenland police warned people today (Mon) against purchasing smuggled Asian chainsaws being sold on the street by Eastern Europeans, mostly Romanians, as STIHL products.The saws, produced in Asia and smuggled into Europe by sea, sell for 25 Euros at home but are being hawked in Austria at a price of 300 Euros under a fake […]