Peter Michaelis will not apply for another term as head of Federal Industry-Holding Stock Corporation (ÖIAG), it has emerged.A spokeswoman for ÖIAG announced today (Fri) that the businessman, whose contract ends next June, did not have any plans to suggest an extension of his contract. She refused to reveal any names for potential successors, but […]
Champagne and wine maker Schlumberger has said it is bracing for “millions of sales” as Christmas approaches.The company explained today (Tues) it sells “a few million bottles between October and December” compared to “a few hundred thousands” in other months.Austrian retail trade representatives said recently that they expected to take in three to four per […]
A leading Austrian construction company has been assigned to build a 10-000-seat football stadium in Libya.Vienna-based Porr, Austrias third-biggest building firm, its Turkish cooperation partner Renaissance Group and Libyan Investment Development Company, were contracted to build the venue in the city of Tripoli, it was announced today (Mon).The assigned companies will rake in an overall […]
Time seems to be running out for struggling industrial firm A-Tec Industries AG as potential investors keep abandoning negotiations.Austrian businessman Ronald Pecik confirmed today (Fri) he saw “no sense” in acquiring A-Tecs subsidiary Austrian Energy & Environment (AE&E) because of its high debts and liabilities.This announcement comes after Hong Kong-based merchant banking company Mass Financial […]
Energy producer EVN AG has finalised its capital increase.The Lower Austrian company, which is listed on the Vienna Stock Exchange (WBAG), said today (Mon) it expected proceeds from the move to be around 180 million Euros.The Lower Austrian government is the main stakeholder in the Maria Enzersdorf-based firm with a 51 per cent interest.German energy […]
Abrasives producer Tyrolit has said it expects to rake in a turnover this year of half a billion Euros.The Schwaz-based company, a subsidiary of crystals maker Swarovski, announced today (Fri) it was confident to increase its annual turnover by 25 per cent to the 500 million Euros mark this year.Tyrolit explained it had registered a […]
Construction company Porr has started to lay off staff, new figures have shown.The Vienna-based firm, which is listed on the Vienna Stock Exchanges (WBAG) standard market auction, said today (Thurs) it had an average 11,560 employees in the first nine months of this year, down from 11,736 it had in the same period of 2009.This […]
Car industry supplier Polytec is considering laying off staff despite a rise in earnings and turnover.The Upper Austrian company, which has its headquarters in Hörsching near Linz, said today (Weds) that company turnover rose by 26.9 per cent to 550.2 million Euros year on year in the first nine months of 2010.Polytec added earnings before […]
With Halloween becoming ever more popular in Austria it was only natural that the wildlife should also be allowed to get in on the act.And although there might have been a slight paws for thought when first added to the cage – a quick look at their contents shows these pumpkins are more treat than […]
Strabag SE has been assigned to begin one of Austrias biggest infrastructure projects.Carinthian Freedom Party (FPK) Governor Gerhard Dörfler announced today (Fri) that the Vienna-based market leader was contracted to build both sections of the Koralm tunnel.The railway tunnel will connect the Carinthian capital of Klagenfurt and Graz in Styria from 2022. Strabag said it […]