ECO Business earnings soar up

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Business

Real estate company ECO Business-Immobilien AG (ECO Business) has managed to double its earnings.The firm, which has its headquarters in Vienna, said today (Tues) its earnings before interest and taxes (Ebit) climbed from 12.4 million Euros in 2009 to 29.4 million Euros the next year. ECO Business added it made a profit of 9.1 million […]

Erste-backed mall breaks bright world record

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Business

A Romanian shopping centre into which Austrian Sparkassen Immobilien poured 200 million Euros has made it into the Guinness Book of World Records for the largest indoor Christmas light display.Guinness World Records officials acknowledged the bid as a new world best after visiting the installation which features 449,658 lights at the Sun Plaza mall in […]

First losses for s-Immo in company history

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Business

Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company – which belongs to Austrian bank group Erste – announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]