Bulgarian legal chiefs have confirmed an anti-monopoly bodys decision to fine Austrian firm EVN.Local media report today (Weds) that the federal Supreme Administrative Court has ruled that the Competition Protection Commission acted “correctly and lawfully” in handing the energy provider a 77,000-Euro fine over its dominant market position.Meanwhile, the construction of a hydro power plant […]
Styrian electronic products manufacturer Seidel Elektronik said it hoped for pre-crisis business figures for this year as it employs more staff than ever before despite difficult economic circumstances.The Deutschlandsberg-based firm said today (Thurs) that with 342 now on its books, it currently had more employees than ever, adding that it was currently looking for additional […]
Upper Austrian firm Franz Hittmayr GmbH has filed for bankruptcy, it has emerged.The Alpine Creditors Association (AKV) said today (Thurs) judges at the provincial court in Wels have started dealing with the Redlham-based industrial companys situation.The body said Franz Hittmayr GmbH had debts of more than 3.9 million Euros. It added the plan was to […]
Austrian Airlines (AUA) have attacked Innsbruck Airport officials for sparking a major alarm after an aircraft had to carry out an emergency landing yesterday (Sun).None of the 47 passengers on the Dash 8-300 of AUAs charter firm Austrian Arrows were injured when its pilot returned to the airport after technical difficulties with one of its […]
Austrian Airlines (AUA) and Lufthansa are considering raising their ticket prices this summer, according to reports.Austrian business media write today (Fri) that tickets for continental flights by AUA will cost between 10 Euros and 20 Euros more from 1 July, while Lufthansa ticket prices will be upped by 22 June.Reports also have it that the […]
Fastbox has set its sights on E-Cars as the car repair chain announced it will sell and maintain an Italian firms electric vehicles.Fastbox, who have 20 branches across Austria, said today (Fri) it will soon begin selling Piaggios E-Cars. The Austrian firm added it would also offer to repair the Pontedera-based companys Porter model which […]
Furniture megastore chain XXXLutz is considering taking over commercial sites in Croatia, according to local press.The Croatian Times reports today (Thurs) that the Upper Austrian firm with headquarters in Wels was one of possible buyers of estate in the cities of Zagreb, Rijeka, Osijek and Pula owned by broke firm Pevec.Darko Sketa, who handles the […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has suggested to privatise parts of indebted Austrian Federal Railways (ÖBB) to help the company to recover.The head of the opposition party said today (Thurs) the government should list some departments of the struggling firm, which is close to the state, on the stock market. […]
Frank Stronach has revealed plans to move into forestry and cattle breeding as the Magna founder launched a scathing attack on American companies over the conditions they keep their herds in.Stronach said: “Im planning to buy 20,000 hectares of woods in (the US state of) Florida. The climate is excellent there.”Speaking about his intentions to […]
Strabag boss Hans Peter Haselsteiner said today (Weds) his company wanted to protect itself from volatile cement market prices as the firm is set to cooperate with the cement productions world market leader.Haselsteiner and Bruno Lafont, head of French firm Lafarge, announced yesterday the companies joint venture will start doing business by the beginning of […]