Red Bull has been identified as the strongest Austrian brand in the world. The beverages producer – which has increasingly engaged in multimedia promotion and the funding and organisation of sporting events – came top in the latest Eurobrand Austria study. The European Brand Institute (EBI) said today (Thurs) Red Bull increased its brand value […]
A Viennese internet and research group has rubbished reports it has been “personally assigned” by US President Barack Obama to create a “bug-proof internet” for the CIA. Newspaper Heute claimed earlier this week that an Austrian firm called FunkFeuer agreed to construct the top-level security system for the USA’s national intelligence agency. The free sheet […]
Turkish construction company Renaissance has increased its interest in Austria’s third-biggest building company. Porr AG announced today (Thurs) that its cooperation partner acquired an additional 5,700 shares. This purchase means Renaissance now holds 10.07 per cent in the Vienna-based company. Construction businessman Karl Heinz Strauss – who succeeded Wolfgang Hesoun as executive chief of Porr […]
Social Democratic (SPÖ) Infrastructure Minister Doris Bures has labelled a debate over whether Federal Railways (ÖBB) should be privatised as “superfluous.”New Peoples Party (ÖVP) Finance Minister Maria Fekter hit the headlines at the weekend by announcing she could imagine selling ÖBB to reduce the soaring state debt.Fekter said she “would have no problem” with privatising […]
The Austrian branch of US American computer software and technology giant Microsoft has revealed plans to move into new headquarter offices.Microsoft Austria currently resides in an office complex in Vienna-Meidling. The firm said today (Weds) it wanted to relocate to a building in Favoriten districts Wienerberg area this autumn. The firm said the new location […]
Volvo is calling back more than 1,200 cars in Austria.Drivers association ÖAMTC said today (Fri) the Swedish firm which was acquired by Chinese automotive company Geely was currently recalling 1,282 vehicles in the country over different technical difficulties. The needed repairs are finished within an hour, according to Volvos Austrian representation.German company BMW […]
Building industry top dog Strabag SE is to get involved in a major wind energy project.The Vienna-based company Austrias biggest construction firm said today (Tues) it will cooperate with project leader Northern Energy Projekt GmbH in the endeavour. The German holding will set up around 850 offshore wind power stations in the North […]
Upper Austrian fire truck and fire-fighting equipment producer Rosenbauer International AG (Rosenbauer) has suffered a slight setback.The companys earnings before interest and taxes (Ebit) declined by 15 per cent to 6.9 million Euros from the first three months of 2010 when the firm did extraordinarily well to the same time span of this […]
Austria and Germany are enjoying an economic upturn – bouncing back following the crash in 2008 and recession of 2009.But despite the current positive economic news, companies are being warned of troubled times ahead, and the need to use the current positive situation as a chance to prepare for troubled times ahead.This was the message […]
Fireproof products manufacturer RHI AG has said it is optimistic about the coming months despite the setback the firm experienced at the beginning of this year.RHI announced today (Thurs) it achieved a profit of 18.3 million Euros in the first quarter of 2011, down by 14.9 per cent compared to the same period of last […]