Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter. These two top restaurateurs will be providing catering services through the “Luigi Gastronomy” branch of their company to make the winter season even more delicious in the town of Semmering in Lower Austria, […]
Tag: interest
A British hobby historian and photographer is appealing for help in tracking down background to a series of 70 black and white pictures taken by a British embassy employee in Austria sometime around 1938. Ken Johnston, who lives in North West England, is a company director, but he’s also somebody who in his spare time […]
The ÖVP of Lower Austria announced that they would stop the expansion of wind farms. The interest group IG Windkraft strongly criticises this as they claim that the law undermines the turning point of energy. According to the new Spatial Planning Law, wind farms cannot be built everywhere any longer. The government of Lower Austria […]
More speculation in regional councils
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The region of Velden in Carinthia is the latest named as having been involved in risky financial investments after losing close to 500,000 Euros of taxpayers money. If correct it will mean Velden is the latest in a number of local government bodies that has tried to profit from speculative investments. Now that the tide […]
Post AG turnover up by six per cent
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Austrian postal services company Post AG has managed to increase its turnover and earnings. The partly state-owned firm said yesterday (Weds) it achieved a turnover of 605.7 million Euros in the first quarter, six per cent more than in the same period of 2011. Earnings before interest and taxes (Ebit) climbed by 14.4 per cent […]
Fekter wants Greek reform pledge
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Maria Fekter has revealed that the Eurozone’s finance ministers consider asking Greece to guarantee reforms “in writing”. The Austrian People’s Party (ÖVP) finance minister said yesterday (Mon) that she and the finance ministers of the other Eurozone members planned to call on the debt-stricken country’s politicians to present a written statement promising to carry out […]
VBI sale ‘to take place this month’
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A powerful Russian bank may acquire a majority stake in Volksbank International (VBI), the ailing affiliate of Volksbank AG (ÖVAG). VBI, which manages ÖVAG’s operations in Eastern Europe (EE), had 5,362 employees in 547 branches in Romania, Slovakia and six other countries. It sustained a loss of 22.37 million Euros in 2010. Sberbank has hinted […]
Few Austrians own shares
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The vast majority of Austrians have no interest in stocks, according to research. Pollster Imas found that 75 per cent of residents of the country had no intention to acquire shares. The survey also shows that just 13 per cent of Austrians hold participations in companies via shares and investment funds. The figure resembles results […]
Renaissance ups Porr stake
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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 […]
OMV profit jumps despite Arab uprisings
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Energy sector giant OMV AG has managed to increase its turnover and profit although it was forced to scale back its activity at some of its most crucial production and exploration sites due to the unrest in the Arabian world.OMV said today (Weds) its turnover soared by 53 per cent to 8.07 billion Euros from […]