Bosses at the Bank für Tirol und Vorarlberg (BTV) said today (Fri) the institutions profit had soared year on year in 2009 after what they described as “a very difficult 2008”.The provincial banks annual profit before taxes jumped by 2.3 per cent last year compared to 2008 figures to 51.3 million Euros.BVT increased its equity […]
Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]
Social Democratic (SPÖ) whip Josef Cap has appealed to European Union (EU) leaders to take action to improve the EUs reputation.Cap said in parliament yesterday (Weds) that many people lacked trust in the EU since many political leaders had failed to draw the right conclusions from the economic downturn.”The EU needs to face important questions […]
Vienna International Airports (VIA) turnover and earnings dropped in 2009 in a year overshadowed by the revelation that the cost of construction of a new terminal may double.The Austrian Audit Office (RH) is examining VIAs books after the press reported that the cost of building the new “Skylink” terminal could reach 830 million Euros instead […]
Austrian banks benefited from their investments in Central and Eastern Europe last year, it was claimed today (Thurs).Andreas Ittner, director of the Austrian National Bank (OeNB), said that OeNBs estimate was that the countrys banks had earned 0.9 per cent more year on year in 2009 due to CEE engagements.Ittner said that OeNBs studies had […]
Real estate developer Warimpex fell deeply into the red last year, company bosses announced today (Weds).Franz Jurkowitsch, head of the Vienna-based firm that focuses on hotel development in Central and Eastern Europe (CEE), said it had lost 71.77 million Euros in 2009 compared to losses of 3.41 million Euros in the previous year.Jurkowitsch said that […]
Raiffeisen Internationals (RI) Romanian subsidiary suffered 75 per cent year on year losses in 2009, it has been announced.Online newspaper Romanian Times has reported today (Weds) that Raiffeisen Bank Romania had a net profit of 40 million Euros last year. The institute also reported losses of two million Euros in the last quarter of 2009.The […]
Snowboard, surfing equipment and clothing chain Blue Tomato will open a 1,000-square-metre flagship store in Vienna this autumn.Company officials announced today (Weds) that renovation of a former Niedermeyer store on Neubaugasse in the citys Neubau district had already begun. The plan was to open the new shop in September, they added.The Styrian firm plans to […]
Vienna-based real estate firm Immofinanz managed to keep its turnover stable in the first three quarters of its 2009/2010 business year (1 May to 30 April).Company officials said today (Weds) it had had turnover of 552.8 million Euros, down by just 0.47 per cent compared to its turnover during the same period of its previous […]
A Vienna-based auction house has purchased the gold and silver stocks of a Croatian company that are worth almost half a million Euros, according to a newspaper report.The Croatian daily Slobodna Dalmacija claimed today (Weds) that auctioneer H. D. Rauch GmbH had won the public tender for 18.5 kilos of gold and 152,425 kilos of […]