Austrian Airlines (AUA) bosses have said they will continue to carry out the ongoing cost-cutting regime as the firm suffered losses of 67 million Euros in the first half of this year.Operative losses reached 93.5 million Euros in the first six months of 2009.AUA co-chiefs Peter Malanik and Andreas Bierwirth announced today (Thurs): “Our measures […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner has said the Austrian economy will prove think tanks wrong by growing stronger than predicted.The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) said earlier this year they expected the countrys economy still considered to be in a fragile condition after the global […]
Canadian composer Howard Shore will be honoured in Vienna later this year as the ORF Radio Symphony Orchestra (RSO) is set to perform some of his most famous melodies in an upcoming gala.The famed composer will receive the Max Steiner Award named after the late Viennese Hollywood score composer (“King Kong”, “Casablanca”) as […]
Verbund chief Wolfgang Anzengruber has said planned investments might be delayed due to the continuing debate over a capital increase.The government has been at odds for weeks over whether it should console the energy provider with 500 million Euros in an overall one-billion-Euro capital increase. The Austrian State holds a 51 per cent interest in […]
Vorarlberg textiles producer Wolford has managed to double its earnings year on year, it has emerged.Company officials said today (Fri) earnings before interest and taxes (Ebit) soared from 2.18 million Euros in the 2008/2009 business year to 4.5 million Euros in the past business year.They added that Wolford, which is headquartered in Bregenz, had now […]
Insurers have said they may have to pay out more natural disaster compensation than ever before as Austria has been hit by several devastating thunderstorms and floods.The federal Association of Austrian Insurance Agencies said today (Fri) damages to insured estates caused by freak weather conditions equals around 200 million Euros so far this year.The body […]
Motorbike producer KTM Power Sports AG has all chances of being back in the black this business year after seeing a rise in earnings in the first quarter.Stefan Pierer, head of the firm with headquarters in the Upper Austrian town of Mattighofen, said today (Fri) its earnings before interest and taxes (Ebit) in the third […]
Styrian electronic products manufacturer Seidel Elektronik said it hoped for pre-crisis business figures for this year as it employs more staff than ever before despite difficult economic circumstances.The Deutschlandsberg-based firm said today (Thurs) that with 342 now on its books, it currently had more employees than ever, adding that it was currently looking for additional […]
DO&CO has already qualified for the Euro2012 after the caterer was chosen to organise the events hospitality services.The Viennese company announced today (Thurs) it will handle catering for the tournaments premium partners and officials. The 2012 European Football Championships will take place in Poland and the Ukraine.The firm, which is headed by Attila Dogudan, was […]
Upper Austrian firm Franz Hittmayr GmbH has filed for bankruptcy, it has emerged.The Alpine Creditors Association (AKV) said today (Thurs) judges at the provincial court in Wels have started dealing with the Redlham-based industrial companys situation.The body said Franz Hittmayr GmbH had debts of more than 3.9 million Euros. It added the plan was to […]