Finance Minister Maria Fekter has claimed Austria’s triple A rating is “safe” despite banks’ struggles in Eastern Europe (EE). The People’s Party (ÖVP) minister told radio station Ö1 on Saturday that she saw no imminent risk to Austria losing its top rating currently established by the world’s leading credit rating agencies. However, the minister admitted […]
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 […]
Austria’s biggest aviation company will not be back in the black by the end of the year, managers have confirmed. Austrian Airlines (AUA) – co-chiefs Peter Malanik and Andreas Bierwirth said today (Thurs) – achieved a profit in the third quarter but suffered a loss so far this year nevertheless. They explained that AUA’s loss […]
A private competitor of Federal Railways (ÖBB) has claimed it would operate between Graz and Salzburg given that it gets as much financial support as the state-owned rail firm. Westbahn said yesterday (Sun) ÖBB received five million Euros in public funds to offer a connection between the Styrian capital and Salzburg. According to Westbahn, ÖBB […]
An affiliate of Strabag SE has achieved a multi-million Euro assignment in Oman. The Austrian construction company said yesterday (Thurs) its Arabian subsidiary company would build a new port in Duqm, a port city in Oman, for 150 million Euros. The deal features the construction of numerous shipyards but also main roads, Strabag explained, adding […]
Flughafen Wien AG (FW) co-chief Günther Ofner has said Vienna International Airport (VIA or VIE) could serve up to 30 million customers a year soon. Ofner – who took office last month – said yesterday (Thurs) VIA may register between 28 million and 30 million passengers in a few years’ time thanks to the airport’s […]
Hotels in Vienna are not bucking the European trend of decreasing prices, an investigation has shown. International holiday platform Trivago, which manages the Trivago Hotel Price Index (THPI), announced that a double room in the Austrian capital costs 133 Euros this month, down by seven per cent compared to last month. The average hotel price […]
OMV AG has produced more oil in the past months, according to the company’s latest trading statement. The Viennese company – one of the most powerful players on Central and Eastern Europe’s (CEE) energy sector – said today (Fri) it produced 283,000 barrels of oil a day in the third quarter of 2011, up from […]
Austria supplied Syria with armoured vehicles in 2006, according to an investigation by Amnesty International (AI). The group announced yesterday (Weds) Austrian firms delivered vehicles of such kind worth two million Euros to the Arabian country that year. AI added the same type of vehicles were shipped from Austria to Yemen in 2006. AI criticised […]