Vamed ‘to invest €200mn in Romania’

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Business

Austrian health sector services provider Vamed AG is considering investing hundreds of millions of Euros in Romania, according to newspapers in the Eastern European (EE) country. The online news platform Romanian Times cites local newspapers claiming that the Vienna-based firm is interested in spending 200 million Euros on projects in the country which joined the […]

Top investor Austria criticises Croatia

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Business

Businessmen have slammed the economic circumstances in Croatia as Austria aims to remain the busiest investor in the Southeast European state.Burgenland Economy Chamber chief Peter Nemeth said today (Thurs) Croatia’s political system “hasn’t arrived in the present yet” due to bureaucratic barriers for entrepreneurs interested in investing in the country. He added that he considered […]

U-Bahn service down after woman jumps on rails

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General News

A 36-year-old woman had a narrow escape after leaping on U-Bahn tracks in Vienna yesterday afternoon (Thurs).The woman hurled herself onto the tracks at the U1 underground station Praterstern in Leopoldstadt district. She escaped the incident unscathed by cowering in a hollow under the platform when a train entered the station.The woman was hospitalised at […]

Transaction error upsets BA clients

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Business

Bank Austria (BA) customers have been assured they will be compensated for losses temporarily suffered due to a technical glitch.Viennese newspapers report today (Thurs) that hundreds of customers of BA and credit card payment services provider Paylife were affected by the error which meant amounts twice as high as intended had been withdrawn from their […]

Verbund chairman rules out price reduction

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Business

Verbund AG boss Wolfgang Anzengruber has said he does not expect energy prices to decline in the foreseeable future.The businessman said today (Mon): “I don’t see chances for any changes at the moment. Energy trading prices were low recently, but are currently edging up again.”Verbund angered consumer representatives in May by raising the price for […]

EVN earnings climb as equity ratio drops

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Business

Energy provider EVN AG managed to increase its earnings in the past business year.The Lower Austrian company said today (Thurs) that its earnings before interest and taxes (Ebit) jumped by 6.9 per cent year on year to 187.3 million Euros in the 2009/2010 business year which ended on 30 September.The firm’s turnover edged up by […]

T-Mobile turnover shrinks despite more clients

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Business

T-Mobile Austria suffered a decline in turnover in spite of more customers in the first half of this year.The company – the second-biggest mobile services provider in Austria after Mobilkom Austria – said today (Thurs) that turnover edged down by 5.9 per cent between January and June of 2010 compared to the same time span […]

Supermarket chain launches hydro power cooperation

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Business

Customers of an Austrian supermarket chain will be able to order hydro energy supply while buying their foodstuff.Bosses at Merkur said today (Tues) shoppers would be offered contracts with Styrian provider Unsere Wasserkraft, a subsidiary of Energie Steiermark, at its shops as of now.Merkur is part of the German Rewe Group which also includes market-leading […]