There will be no more editions of the “Fest der Pferde” (Horse Festival) show jumping tournament, it has been announced.Organiser Peter Nidetzky said today (Weds) the decision to close the show, which would have celebrated its 25th anniversary this year, was based on soaring costs and the departure of several important sponsors.He explained it had […]
Customers would be the most affected party if the government decides to set up a new tax for insurance companies, a top branch representative has warned.Günter Geyer, Vienna Insurance Group (VIG) chairman and head of the federal insurance companies association, said today (Weds): “Eighty per cent of the money managed by insurance companies belongs to […]
Plastics manufacturer Greiner Group reported that its turnover had declined by eight per cent year on year to 1.031 billion Euros in 2009 yesterday (Thurs) evening.Board members Axel Greiner and Axel Kühner said the decline had been moderate given the financial crisis and attributed it to the effect of fluctuations in currency-exchange rates.They added that […]
New EU Energy Commissioner Günther Oettinger called the Nabucco natural gas pipeline project “especially worthy of financial support” today (Thurs).He claimed it would significantly reduce Europes energy dependence on one supplier during presentation of the European Commissions (EC) financial assistance for 31 natural gas and 12 electricity projects.Oettinger noted that Nabucco, in which Austrian oil […]
Prices for owner-occupied and rented flats in Vienna soared last year, according to new research.Real estate platform immobilien.net said today (Weds) prices for owner-occupied flats in the capital rose by six per cent to an average 2,446 Euros per square metre in 2009 year on year.It added rent prices after tax meanwhile increased by two […]
There were serious deficiencies in food controls last year in Styria, the free Styrian weekly newspaper Woche claimed yesterday (Tues).Woches report comes in the wake of news about Styrian firm Prolactal, which produced the deadly Quargel cheese last year resulting in the deaths of 10 people in Austria and Germany.Woche said lack of personnel had […]
Red Bull striker Marc Janko has claimed Austria “needs eleven captains on the pitch” after being named the national teams new skipper.Stressing that all players need to take responsibility on the pitch, the 26-year-old added yesterday (Mon): “I didnt expect to be chosen, but Im very happy, of course. This is a big honour.”Austria meets […]
Holocaust denier Gerd Honsik has had his prison sentence reduced from five to four years by the Appeals Senate of Viennas Higher Regional Court (OLG) yesterday (Mon).Judge Christian Dostal said that the original sentence was “too long.” He added that making an example of Honsik in an attempt to deter others from engaging in the […]
Styrian industrial plant producer Andritz-AG said today (Tues) that it would buy German machine builder KMPT AG based in Vierkirchen.Andritz added that it would soon sign a contract for the acquisition of KMPT and its subsidiaries in England, France, Italy, China and the USA.Andritz said the acquisition would strengthen its environment & process business division […]
Telekom Austria (TA) is planning to buy the remaining 30 per cent interest in its Belarussian subsidiary Velcom at the end of 2010, according to todays (Tues) edition of the newspaper WirtschaftsBlatt.According to the paper, the remaining interest might cost as much as 500 million Euros and that TA would buy it from Austrian industrialist […]