Austrians bought more diesel fuel in 2010 while the demand for regular car petrol declined year on year.The Federal Mineral Oil Association FVMI announced today (Tues) that Austrian petrol stations and industrial petrol providers sold 7.3 billion litres of diesel petrol in 2010, 3.7 per cent more than the year before. The association also said […]
A Finnish packaging and wood products firm plans to invest more than 20 million Euros in Lower Austria, it has emerged.Stora Enso announced today (Tues) that it will start setting up a new facility to produce wood boards and various other wood elements this spring. The Helsinki-based firm explained that it planned to invest 23 […]
German building company Monier has taken over an Austrian roofing expert in full, it was announced today (Tues).Viennese brick maker Wienerberger AG said Oberursel-based Monier has taken over its interest in Bramac. Wienerberger held a 50 per cent interest in Bramac which has its headquarters in Pöchlarn, Lower Austria.Part of the deal is a 40-million-Euro […]
Austria has been left behind by Belgium in the European Commissions (EC) latest Innovation Union Scoreboard.Austria comes seventh in the ECs 2010 edition of the study which examines the conditions for innovations in the European Unions (EU) 27 member countries. The country came sixth in 2009 but has been overtaken by Belgium in the most […]
More than 300 natural gas cars were registered in Austria last year, it has been announced.Statistik Austria said today (Fri) that 333 gas-powered cars, 221 natural gas lorries and 48 buses equipped with natural gas engines were registered in 2010.The state agency explained these developments increase the overall number of natural gas vehicles in the […]
OMV boss Wolfgang Ruttenstorfer has been found not guilty of insider trading.The former Social Democratic (SPÖ) state secretary faced three years in jail over suspicions he benefited from insider knowledge in a controversial stock purchase.Ruttenstorfer, who has headed the oil and gas company since 2002, acquired 26,500 OMV stakes worth 632,000 Euros in March 2009. […]
An Austrian delegation has met with Azerbaijani businessmen and the country’s political elite to discuss opportunities to do with the countries economic relationship.Azerbaijani business newspaper Trend reports that a group of entrepreneurs headed by Federation of Austrian Industries (IV) boss Veit Sorger travelled to the Eurasian countrys capital Baku to debate key topics with their […]
Insurance company UNIQA Versicherungen AG (UNIQA) said its 2010 performance could have been better than expected.The firm said today (Fri) that some weeks ago it expected profits of around 120 to 135 million Euros, while analysts predicted profits of 142 million Euros. Now the Vienna-based insurer has explained that it may have achieved a pre-tax […]
Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]
Strabag SE chief Hans Peter Haselsteiner has rubbished speculations construction projects in 2014 Olympics host city Sochi are running late.The businessmans company is just one of a string of Austrian firms which were assigned to carry out building and infrastructure projects in the Russian Black Sea resort.Haselsteiner told the Kurier newspaper today (Thurs): “We are […]