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 […]

IBM Austria gets new boss

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Business

Tatjana Oppitz has been named new chairman of International Business Machines (IBM) Austria.The businesswoman has worked for the American technology company since 1989. She succeeds Leo Steiner who was assigned by IBM North East Europe, it was announced today (Fri). Steiner was the firm’s CEO for four years.It was also announced that Christian Keller will […]

Loss-making JoWooD seeks investor

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Business

Struggling computer games producer JoWooD Entertainment AG (JoWooD) has started looking for an investor.The Viennese company, which has been quoted on the Vienna Stock Exchange (WBAG) since 2000, said today (Thurs) its operative losses soared by 1.655 million Euros to 14.304 million Euros year on year in the first nine months of 2010.The firm – […]

Betbull losses in decline

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Business

Sports betting provider Betbull has managed to reduce its losses.The company, which is based in Malta and listed on the Vienna Stock Exchange (WBAG), said today (Weds) it lost 1.9 million Euros in the first three quarters of this year after a loss of three million Euros during the same time span of 2009.Betbull, which […]

EVN completes capital increase

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Business

Energy producer EVN AG has finalised its capital increase.The Lower Austrian company, which is listed on the Vienna Stock Exchange (WBAG), said today (Mon) it expected proceeds from the move to be around 180 million Euros.The Lower Austrian government is the main stakeholder in the Maria Enzersdorf-based firm with a 51 per cent interest.German energy […]

Pankl turnover edges down

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Business

Engine producer Pankl Racing Systems AG has announced a slight drop in turnover.The company, which is based in the Styrian town of Bruck an der Mur, said today (Thurs) its turnover shrank by 1.35 million Euros year on year to 87.55 million Euros in the 2009/2010 business year which ended in September.The firm’s earnings before […]

DO&CO turnover takes off

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Business

Austrian caterer DO&CO managed to raise its turnover and earnings in the first half of the current business year.The company, which is headed by Attila Dogudan, said today (Tues) its turnover soared by 21 per cent year on year between April and September 2010 to 222.7 million Euros. It added earnings before interest and taxes […]

Wolford turnover soars

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Business

Vorarlberg textiles firm Wolford has said it expects turnover to climb further this business year as good first quarter figures were presented today (Fri).The Bregenz-based company announced its operative losses fell from 3.307 million Euros to 2.466 million Euros year on year in the first three months of the current 2010/2011 business year. Its turnover […]

Legendary studio’s archives opened for upcoming photo exhibit

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Culture

More than 100 photographs from the archive of one of Vienna’s most renowned studios will be on display at the city’s WestLicht (www.westlicht.com) gallery from next week.Organisers of the “Photo Simonis” exhibit said today (Thurs) the archive material of the studio of the same name was rescued when the company stopped doing business in 2005. […]

Banca Transilvania eyes WBAG move

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Finance

Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.The news platform reports today (Fri) that the possible move will be discussed at a shareholders’ meeting on 28 April.The institute has been traded on the Bucharest Stock Exchange since 1997.The European Bank for Reconstruction […]