The future of JoWooD Entertainment AG (JoWooD) is uncertain as a previously possible investor made clear it no longer had an interest in pouring their money into the bankrupt computer games developer.Insolvency organiser Helmut Platzgummer said today (Fri) that one company, which was initially keen on investing in the firm, now explained it no longer […]
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ÖBB punctuality improves
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The number of trains arriving on time in Austria is on the rise, it has been announced.Federal Railways (ÖBB) said today (Thurs) 94.2 per cent of all of its services were less than five minutes late last year, up from 90.5 per cent in 2009. The company added 97.6 per cent of its trains went […]
Energie Steiermark turnover climbs
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Graz-based energy company Energie Steiermark AG managed to increase its turnover and earnings last year.The firm announced today (Weds) its turnover rose by 14 per cent to 1.25 billion Euros in 2010 compared to the previous year, while earnings before interest and taxes (Ebit) climbed from 49.7 million Euros in 2009 to 69.8 million Euros […]
Austrian Airlines (AUA) has been forced to carry out a second emergency descent within a week.The Aviation Herald reports today (Fri) that a Fokker 70 jet operated by AUA subsidiary firm Austrian Arrows returned to Vienna International Airport (VIA) for a safe landing after loss of cabin pressure was detected by its crew yesterday.Technical problems […]
Fireproofing products maker RHI AGs earnings before interest and taxes (Ebit) could have been almost 150 per cent higher last year than in 2009, according to analysts.Market experts said today (Fri) that the Vienna-based firm which will present its annual business performance figures next Tuesday may have achieved Ebit of 134.5 million Euros […]
Austrian construction companies are in for a difficult year, a leading think tank has warned.The Institute for Economic Research (WIFO) announced today (Fri) that it expected investments in the domestic building sector to grow by just 0.7 per cent year on year. The think tank pointed out that the Austrian gross domestic product (GDP) was […]
Upper Austrian haulier goes bust
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A shipping company founded only three years ago has filed for bankruptcy.The Creditors Protection Association (KSV 1870) said today (Weds) Parzermair RFE – Sondertransport und Logistik GmbH (Parzermair) had debts of around 4.3 million Euros. KSV 1870 added that the haulier, which is based in Schwanenstadt in Upper Austrias Vöcklabruck district, currently employed 35 staff. […]
Yahama installs new Bösendorfer boss
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Yamaha, the Japanese owner of Bösendorfer, has introduced a new chief executive at the tradition-rich piano maker.Yamaha announced today (Weds) that Bösendorfer deputy managing director Brian Kemble will succeed Yoshichika Sakai who has headed the Vienna-based firm since 2008. Yamaha explained Sakai will return to Japan to focus on new projects at its piano department […]
Cleaner exposed as serial arsonist
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A cleaner faces criminal charges after admitting having started several blazes in Vienna.Police interviewed the 32-year-old man as they investigated a series of 10 fires which have caused substantial damage to various properties in the city over the past four months.The man, who works for a facility management firm, confessed today (Fri) to having started […]
Household appliance manufacturer Miele Austria has managed to improve its turnover for the third year in a row.Company boss Josef Vanicek said today (Thurs) that the firm – which is based in Wals near Salzburg – achieved a turnover of 190 million Euros in 2010. Vanicek said this was a seven per cent increase compared […]