OMV Petrom 2009 profit up

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Business

OMV’s Romanian subsidiary Petrom yesterday (Thurs) reported a net profit of 334 million Euros in 2009.That was up by 34 per cent from its net profit of 248 billion Euros in 2008.Petrom, Romania’s largest oil company, had turnover of 3.13 billion Euros in 2009, down by 23 per cent from 4.08 billion Euros the previous […]

Hirsch Servo sinks deeper into the red

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Business

Carinthian machine and packaging manufacturer Hirsch Servo AG reported today (Fri) that it had sunk deeper into the red in the first half of its 2009/2010 business year (1 July to 30 June).The firm said its losses had increased by 0.25 per cent year on year to 2.19 million Euros and its turnover had declined […]

Six apprentices working without heating and warm water

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General News

Six apprentices have been working at a hotel on Wörther Lake in Carinthia without heating or warm water in their rooms, according to the provincial Labour Chamber (AK).AK added that none of them had received any training as receptionists, cooks or waiters and a 16-year-old female apprentice had to prepare washing water in a water […]

OMV profit falls by more than half

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Business

Austrian oil and gas producer OMV reported today (Thurs) that its net profit had declined by 58 per cent year on year to 572 million Euros in 2009.Turnover fell by 30 per cent year on year to 17.92 billion Euros last year. Analysts had expected a decline of 26.5 per cent in turnover and 65.2 […]

Priest under investigation for child abuse

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General News

The Salzburg public prosecutor’s office said today (Mon) it was investigating a priest in Salzburg archdiocese in connection with child abuse.Office spokeswoman Barbara Feichtinger said the priest, a member of a religious order, had exposed himself to a seven-year-old boy and shown him obscene photos, morally endangering him.She said the charge against the priest would […]

Blink-182 to rock Austria

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Culture

Reunited punk rock stars Blink-182 are set to perform in Austria later this year, it has emerged.Organisers of the “Two Days A Week” festival, taking place on 3 and 4 September in Wiesen, Burgenland, said today (Fri) the Californian trio will head the bill at the event while further acts will be confirmed shortly.The band, […]

DO&CO turnover slumps but profit jumps

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Business

Viennese catering company DO&CO said its turnover slumped in the first three quarters of the current 2009/2010 business year while profit soared.The company, headed by Attila Dogudan, announced today (Thurs) earnings before interest and taxes (Ebit) rose by 7.6 per cent to 26.08 million Euros.The firm, which runs restaurants and manages the catering for several […]

Cosmos is bankrupt

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Business

Austrian consumer electronics chain Cosmos is bankrupt after failing to obtain a forced settlement with creditors, according to the Alpine Land Credit Protection Association (AKV).It said prospective investors had decided to take a significantly reduced part of the Cosmos chain, 10 of its 27 stores would be closed and 400 workers would lose their jobs.Bankruptcy […]

Waldquelle reports production increase

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Business

Austrian-Czech mineral water bottler Waldquelle reported today (Weds) it had raised the amount bottled by seven per cent year on year to 120 million litres in 2009.The firm said its turnover had increased by 8.7 per cent year on year to 21 million Euros last year.Waldquelle chief Herbert Czech claimed that Waldquelle had the second-largest […]

UNIQA sees drop in earnings

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Business

Insurance firm UNIQA today (Tues) reported a drop in operating earnings.The company said its operating earnings had fallen 9.5 per cent from 90 million Euros in 2008 to 81.5 million Euros in 2009.It added, however, that its 39.5 million Euros in operating earnings in the fourth quarter of 2009 had been the highest quarterly figure […]