ÖVAG back in the black as search for partner continues

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Finance

Volksbank AG (ÖVAG) reports good business figures for the first quarter of this year after suffering dramatic losses in 2009.ÖVAG chief Gerald Wenzel said today (Fri) earnings before interest and taxes (Ebit) soared to 21.6 million Euros after the bank had losses of 93.4 million Euros in the first three months of last year.He added […]

FlyNiki ally Air Berlin’s April figures grounded by ash cloud

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Business

The cancellation of 3,500 flights due to the Europe-wide air traffic shutdown slashed passenger figures of FlyNiki’s partner Air Berlin last month.The Berlin-based firm, which has a 49.9 per cent interest in Niki Lauda’s company, said today (Thurs) year on year passenger figures plummeted by 16.5 per cent to 2,065 million in April.Air Berlin said […]

Styria tourism warning as Vienna keeps top spot

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Business

Styria and Burgenland need to raise their efforts in targeting international guests, a tourism expert has warned.Martin Stanits of the Austrian Hoteliers Association (ÖHV) when speaking about the provincial capital of Styria today (Thurs) said: “Tourism in the Graz region is struggling a bit since the city was Europe’s Capital of Culture in 2003.”Stanits stressed […]