Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company which belongs to Austrian bank group Erste announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]
Tag: year
Fire-fighting equipment producer Rosenbauer is optimistic 2010 will be “a record year for us” despite earnings plunging last year.Firm officials said today (Fri) they expected all of its production capacities to be occupied this year due to the current positive order situation.Earnings before interest and taxes (Ebit) dropped by 26 per cent year on year […]
Volksbank bosses have denied reports the bank faces nationalisation as losses soared dramatically last year.Volksbank AG (ÖVAG) chief Gerald Wenzel said the search for a strategic partner was ongoing in the banks bid to pay back the millions of state aid it received over the past few months to get through the economic crisis.Wenzel refused […]
efko eyes Bulgarian partnership deal
Categories
Upper Austrian fruit and vegetable producer efko is considering cooperating with a Bulgarian company as an increase in turnover is expected for this year.Company chief Gerald Hackl said today (Thurs) turnover rose by 16 per cent year on year to 118.3 million Euros in 2009, adding that another three-per-cent increase was expected for 2010.Hackl said […]
EE business lets Teekanne turnover brew
Categories
Prospering business in Eastern Europe (EE) served up a record turnover for Austrian tea producer Teekanne in the past business year.Bernhard Zoller, who heads the Salzburg-based firm, said overall 2009/2010 turnover soared by 8.2 per cent to 96.4 million Euros.Zoller said Teekanne would continue to expand in EE after becoming market leader in the Czech […]
More Austrians than ever in history are expected to leave the Catholic Church this year.Official figures from today (Thurs) show that 30,004 people left the Church in the first three months of this year, up by 42 per cent compared to the same time span of 2009 when more people than ever cancelled their membership.These […]
Austrian congress tourism 2009 nets 1bn
Categories
Congress tourism created a net product of more than one billion Euros last year, tourism officials have said.Austria Marketing (ÖW) chief Petra Stolba announced today (Thurs) that around two million overnights throughout the country were made by congress participators in 2009.”Austria is one of the leading nations in the world when it comes to hosting […]
The vast majority of Austrian mothers and daughters feel left alone by politicians, a survey has found.Vienna-based research agency Karmasin who interviewed 500 parents in March and April revealed today (Thurs) that 82 per cent felt “let down” by politicians when it comes to support for their situation.Austria has been criticised in various […]
Construction of a new “cycling highway” started in Vienna this morning (Fri).Work for the 3.5-kilometre path along the Wien river will cost 5.3 million Euros, city officials have said.The track which hikers will also be allowed to use will connect Hütteldorf train station in Vienna-Penzing and Kennedy bridge underground station in Hietzing district. […]
Soaring fuel prices brisk inflation
Categories
Last month saw inflation rise at its most dramatic rate in more than one year, official figures released today (Fri) show.State agency Statistik Austria reported inflation rose by two per cent in March compared to the same month of 2009, the highest year on year increase since developments in November 2008.Soaring car fuel and heating […]