New EU Energy Commissioner Günther Oettinger called the Nabucco natural gas pipeline project “especially worthy of financial support” today (Thurs).He claimed it would significantly reduce Europes energy dependence on one supplier during presentation of the European Commissions (EC) financial assistance for 31 natural gas and 12 electricity projects.Oettinger noted that Nabucco, in which Austrian oil […]
Tag: Euros
A fire at a wood warehouse in Bad Eisenkappel in Carinthias Völkermarkt district early this morning (Weds) caused 300,000 Euros in damages, police said.The fire, which broke out for as yet unknown reasons shortly after midnight, consumed 200 cubic metres of wood. Six fire companies kept the fire from spreading to nearby buildings.Police said no […]
Vienna flat prices up
Categories
Prices for owner-occupied and rented flats in Vienna soared last year, according to new research.Real estate platform immobilien.net said today (Weds) prices for owner-occupied flats in the capital rose by six per cent to an average 2,446 Euros per square metre in 2009 year on year.It added rent prices after tax meanwhile increased by two […]
Andritz to buy German KMPT
Categories
Styrian industrial plant producer Andritz-AG said today (Tues) that it would buy German machine builder KMPT AG based in Vierkirchen.Andritz added that it would soon sign a contract for the acquisition of KMPT and its subsidiaries in England, France, Italy, China and the USA.Andritz said the acquisition would strengthen its environment & process business division […]
Telekom Austria (TA) is planning to buy the remaining 30 per cent interest in its Belarussian subsidiary Velcom at the end of 2010, according to todays (Tues) edition of the newspaper WirtschaftsBlatt.According to the paper, the remaining interest might cost as much as 500 million Euros and that TA would buy it from Austrian industrialist […]
Premier league tailor to visit Vienna
Categories
The tailor who kits out Premier League stars Emmanuel Adebayor and Alexandre Song will visit Vienna at the end of March.Top Hong Kong tailor Hafeez Ur Rehman regularly visits the UK to fit out A-list customers.”Alexandre Song has already had 20 suits tailored by us and now Emmanuel Adebayor is a regular customer as well.”Rehman […]
OMV Petrom 2009 profit up
Categories
OMVs Romanian subsidiary Petrom yesterday (Thurs) reported a net profit of 334 million Euros in 2009.That was up by 34 per cent from its net profit of 248 billion Euros in 2008.Petrom, Romanias largest oil company, had turnover of 3.13 billion Euros in 2009, down by 23 per cent from 4.08 billion Euros the previous […]
Hirsch Servo sinks deeper into the red
Categories
Carinthian machine and packaging manufacturer Hirsch Servo AG reported today (Fri) that it had sunk deeper into the red in the first half of its 2009/2010 business year (1 July to 30 June).The firm said its losses had increased by 0.25 per cent year on year to 2.19 million Euros and its turnover had declined […]
Duropack to acquire Belisce
Categories
Vienna-based packaging company Duropack is reportedly planning to take over Croatian paper and plastic products manufacturer Belisce.The Zagreb stock exchange announced yesterday (Thurs) that Duropack would make an offer for all Belisces shares it does not already own. The Austrian firm has 26.7 per cent of them.Duropack purchased 20 per cent of Belisces shares two […]
OMV profit falls by more than half
Categories
Austrian oil and gas producer OMV reported today (Thurs) that its net profit had declined by 58 per cent year on year to 572 million Euros in 2009.Turnover fell by 30 per cent year on year to 17.92 billion Euros last year. Analysts had expected a decline of 26.5 per cent in turnover and 65.2 […]