EVN turnover drops as gas price hike is imminent

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Business

Lower Austrian energy sector giant EVN AG has suffered a slight decline in turnover despite selling more electricity and gas to customers in the past winter. The firm announced today (Thurs) its turnover slid by 0.9 per cent to 2.16 billion Euros from the first three quarters of the 2009/2010 business year to the next […]

Electricity price hikes ahead

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Business

An energy sector expert has warned that electricity prices will climb further. The Austrian Energy Agency said today (Thurs) its price index for next month was 7.6 per cent higher than figures of July 2010. It added that the index rose from June 2011 to July of the same year by 1.7 per cent. These […]

SM session death under critical scrutiny

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General News

Police are investigating after a man died in bizarre sex games.Officials in Linz said today (Mon) that the 40-year-old suffocated during a sadomasochistic (SM) sex session with three men aged between 29 and 41 on Friday night.Police are currently examining the victim’s flat where the men had sex. A gas mask, which could have been […]

Czech pipeline assignment for Alpine

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Business

Salzburg-based Alpine Bau GmbH (Alpine) has teamed up with a Belgium company to build a gas pipeline in the Czech Republic.The firm said today (Fri) the joint venture with Denys had a value of 76.7 million Euros. Czech state-owned gas provider Net4Gas assigned the firms to construct two pipelines of an overall length of 105.8 […]

Tourists sedated and robbed

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General News

Police are investigating after a German couple were numbed and robbed at a motorway rest stop in Carinthia on Tuesday night.Officials in Villach said today (Thurs) the pensioners – a man, 68, and his 66-year-old wife – parked their caravan in a rest stop car park at the A11 Karawanken motorway to spend the night […]

Poor interest in gas provider switch as prices soar

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Business

Fewer than two per cent of Austrians are changing their electricity providers to save costs, it has been revealed.Walter Boltz, head of market watchdog E-Control, said today (Thurs): “No more than 1.7 per cent of households are changing their electricity providers each year despite the liberalisation of the sector (in 2001).”Speaking to the Kurier newspaper, […]

‘Incomprehensible’ gas price hikes exposed

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Business

An energy sector watchdog has hit out at energy providers for jacking up gas prices.Independent market observer E-Control said today (Weds) companies operating in Austria must not give the ongoing debate about a possible farewell to nuclear energy in Germany as a reason for their gas price hikes.E-Control revealed Austrian households have been forced to […]

Cat Oil reports sky-high profit

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Business

CAT Oil AG has managed to double its profit.The Austrian company – which produces and offers services for the equipment for the oil and gas industry – said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oil’s turnover edged up by 0.3 per […]

OMV starts low-priced petrol station expansion

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Business

Oil and gas company OMV AG has presented plans to open dozens of discount petrol stations.The Vienna-based firm said today (Mon) it would do so by expanding its Avanti low-cost service station range in the coming years. OMV currently runs 22 such branches in Austria. The firm explained the plan was to manage 50 low-priced […]

OMV encounters large gas reserves in Australia

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Business

OMV has discovered an enormous gas field in Australia.The Austrian energy sector giant said today (Thurs) the amount of gas suspected in the Zola 1 exploration zone on the north-western Australian coast may be enough to cover the whole of Austria’s demand for four to five years. OMV – which cooperates with international companies in […]