Telekom Austria (TA) confirmed today (Tues) it was interested in snatching a stake in a Kosovan telecommunication firm.A spokesman for TA, which leads the Austrian mobile services market, announced the company was one of five firms which have informed the Kovovan government of their interest in the 75 per cent share of state-owned PTK on […]
Christoph Franz has been appointed new Lufthansa boss.The aviation firm announced yesterday (Tues) that the 50-year-old German businessman will succeed Wolfgang Mayrhuber as of the beginning of next year.Mayrhuber, who was born in the Upper Austrian town of Waizenkirchen, started working for Lufthansa in 1970. He has headed the firm that has its headquarters in […]
OMV has taken over a major competitors right to explore and produce gas in Pakistan, it has emerged.The Vienna-based oil and gas giant said today (Tues) it acquired the licence to produce gas in the Asian country by Malaysian firm Petronas.OMV said the purchase will increase its gas production in Pakistan to around 25,000 barrels […]
A Romanian woman broke her back in a freak accident at the Red Bull Flugtag competition in Bucharest yesterday (Sun).The 26-year-old was part of a team who made a piano-like flying machine which was pushed off a six-metre drop above the Dambovita River running through the Romanian capital.Her back was fractured after the object failed […]
Vorarlberg textiles firm Wolford has said it expects turnover to climb further this business year as good first quarter figures were presented today (Fri).The Bregenz-based company announced its operative losses fell from 3.307 million Euros to 2.466 million Euros year on year in the first three months of the current 2010/2011 business year. Its turnover […]
Siemens AG, the German IT and electronics firm headed by an Austrian, has been knocked down two spots in the ranking of the worlds biggest brands.The company which is headquartered in Munich, Berlin and Erlangen made 49th place in analysis agency Interbrands Best Global Brands 2010 list.Interbrand said today (Fri) Siemens current brand […]
Organisers of the Frequency Festival are in hot water after a firm assigned to clean up after last weekends mega event has been accused of illegally employing most of its staff.A special unit formed by finance ministry officials and police found out that 48 of the 53 workers hired by the company to clean up […]
Telekom Austria (TA) is engaged in a bidding war for Serb telecommunications firm Telekom Srbija, according to reports.Belgrade daily Politika claims today (Fri) that the Austrian market leader has interest in taking a 50 per cent stake in the company from the Serb government. The report also has it that Germanys Deutschen Telekom, Egyptian firm […]
ORF bosses have banned a commercial praising a tank used by the Nazis as a “living legend”.Red-faced officials at the national broadcaster were pressed to act after hundreds of disgusted viewers called to complain about the TV ad screened last Monday offering a do-it-yourself model of the “Tiger” tank.The controversial clip by internationally […]
Austrian furniture megastore chain XXXLutz has coughed up around 200 million Euros to snatch up a Slovenian competitor, it has been claimed.Business dailies report today (Thurs) that XXXLutz which has around 17,000 employees transferred between 150 and 200 million Euros to Lesnina owners to take over the company in full.Bosses at the company […]