Electricity provider Verbund has sold its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
Electricity provider Verbund is selling its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
Austrian electricity company Verbund has presented a positive business development for the first quarter 2012 in spite of what it described as a “challenging market and industry environment”. Revenue, operating result and Group result were all significantly improved due to the good water supply and higher average sales prices. Verbund continues to invest consequently in […]
The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
Austria’s leading electricity provider will not reveal its decision on possible price increases before the first quarter of next year. Verbund AG pointed out yesterday (Thurs) that it did not raise its consumer prices this year. It added that information about price developments for next year will not be announced before the first three months […]
The head of Austria’s biggest electricity provider has claimed electric cars (e-cars) could be established in Austria in less than 15 years. Verbund AG chief Wolfgang Anzengruber told the Kurier: “E-cars will either be a fun topic or something affecting the masses (in 2025).” The ex-Palfinger boss made aware of polls “30 years ago” revealing […]
Verbund AG has said it is investing “several hundreds of millions of Euros” in a new wind park in Romania. The Austrian energy sector giant – which started the construction in Casimcea in March – explained the site should generate electricity from next year. Up to 170,000 households will be provided with power when the […]
Verbund AG has achieved a better turnover and higher earnings.The company Austrias busiest energy provider said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]
Energy sector giant Verbund AG has suffered a turnover decrease.The Viennese firm, in which the Republic of Austria holds a 51 per cent interest, said today (Weds) its turnover shrank by five per cent to 3.3 billion Euros in 2010. Verbund added that its earnings before interest, taxes, depreciation and amortisation (Ebitda) declined by 15.4 […]
Bosses of struggling Federal Railways (ÖBB) have appointed two new heads for loss-making affiliated firm Rail Cargo Austria (RCA).ÖBB CEO Christian Kern decided in November to remove RCA co-chiefs Friedrich Macher and Günther Riessland from executive power as the companys debts stopped soaring.Kern explained at that time that Macher and Riessland will keep working for […]