Strabag denies Sochi building work delays

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Business

Strabag SE chief Hans Peter Haselsteiner has rubbished speculations construction projects in 2014 Olympics host city Sochi are running late.The businessman’s company is just one of a string of Austrian firms which were assigned to carry out building and infrastructure projects in the Russian Black Sea resort.Haselsteiner told the Kurier newspaper today (Thurs): “We are […]

Catholic charity opted for real estate shares

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Business

A tradition-rich charity has invested hundreds of thousands of Euros into risky real estate shares.The Catholic diocese of Linz spent 400,000 Euros of donations in a long-term real estate stock market deal in 2005, magazine profil reveals in its new edition. The money was generated by the Church’s traditional Dreikönigsaktion Sternsinger carol singers initiative in […]

Nonstop U-Bahn well received on New Year’s Eve

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General News

Around 145,000 people used Vienna’s 24-hour underground service on New Year’s Eve, it has been announced.Public transport agency Wiener Linien said today (Tues) the 145,000 registered passengers made last Friday’s New Year’s Eve the busiest night since it started offering U-Bahn operations throughout the night on weekends and before national holidays.Around 750,000 celebrated New Year’s […]

Strabag snatches Koralm tunnel order

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Business

Strabag SE has been assigned to begin one of Austria’s 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 […]

AWO to host renewable energy showcase in Prague

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Business

The Austrian Foreign Trade’s (AWO) representation in Prague is to host a showcase in a bid to strengthen ties with Czech companies in the renewable energy sector, it has been announced.Officials said many “very interesting and promising” biomass, biogas and waste management projects were currently going on in the Czech Republic.Austria is the official partner […]

Cap ‘sad’ about EU’s failure to act on social disparities

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Politics

Social Democratic (SPÖ) whip Josef Cap has appealed to European Union (EU) leaders to take action to improve the EU’s reputation.Cap said in parliament yesterday (Weds) that many people lacked trust in the EU since many political leaders had failed to draw the right conclusions from the economic downturn.”The EU needs to face important questions […]

EU commissioner gives thumbs up to funding Nabucco

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Politics

New EU Energy Commissioner Günther Oettinger called the Nabucco natural gas pipeline project “especially worthy of financial support” today (Thurs).He claimed it would significantly reduce Europe’s energy dependence on one supplier during presentation of the European Commission’s (EC) financial assistance for 31 natural gas and 12 electricity projects.Oettinger noted that Nabucco, in which Austrian oil […]