A leading Austrian transportation systems producer will build the worlds longest cable car at a Russian holiday hotspot.Doppelmayr Holding AG (Doppelmayr) said today (Weds) it was contracted to set up a 5.4-kilometre connection between the Laura ski resort and Krasnaya Poljana near Sochi where the 2014 Winter Olympics will take place.The Wolfurt-based company, which is […]
A tradition-rich charity has invested hundreds of thousands of Euros into risky real estate shares.The Catholic diocese of Linz spent 400,000 Euros of donations in a long-term real estate stock market deal in 2005, magazine profil reveals in its new edition. The money was generated by the Churchs traditional Dreikönigsaktion Sternsinger carol singers initiative in […]
Textiles tycoon challenges AUA
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A textiles industry businessman has vowed to succeed Austrian Airlines (AUA) in offering flights between St. Gallen-Altenrhein Airport and Vienna International Airport (VIA).Bosses of the St. Gallen-Altenrhein Airport, which is located just a few kilometres from the Swiss-Austrian border, cancelled their cooperation with AUA last October. They explained AUA must stop its service as of […]
An Upper Austrian electricity provider has lowered its rates while the average Austrian household energy costs have jumped.Linz AG announced today (Mon) it lowered its consumer prices by 1.4 per cent as of 1 January. The company said this decision means its customers will save an overall one million Euros this year.The firm, which claims […]
High car fuel tax rate exposed by study
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A leading motorists’ association has criticised the high car fuel taxation rate in Austria.Arbö announced today (Mon) that 57 per cent of the price for one litre of normal car fuel and 52 per cent of what drivers have to spend on a litre of diesel are pocketed by the finance ministry.The car club stressed […]
A-Tec flogs German affiliated firm
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Struggling A-Tec Industries AG (A-Tec) has sold another subsidiary company as it tries to get back on track.The company, which opted for controlled bankruptcy last October, announced today (Mon) that it decided to sell Dörries Scharmann Technologie GmbH (Dörries Scharmann) to internationally operating technology company StarragHeckert.Reports have it that the Swiss company is ready to […]
Zagorec ‘sells Vienna villa’
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A former Croatian politician and army general serving a jail term for abuse of office has managed to sell one of his high-profile properties in Vienna, it has been reported.Austrian weekly magazine profil has reported today (Mon) that a real estate agent employed by ex-Croatian Deputy Defence Minister Vladimir Zagorec has sold a villa in […]
Makeover for Vienna airport train
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A train service connecting Vienna International Airport (VIA) and the capitals city centre in less than 20 minutes has received an extensive makeover eight years on.City Airport Train (CAT) bosses Doris Pulker-Rohrhofer and Elisabeth Landrichter announced today (Tues) the interior trains operating on the route has been improved.”Customers expect first class service. Thats why we […]
Graz Airport bosses blamed the ash cloud-enforced cancellations for failing to break the one million passenger hurdle last year.CEO Gerhard Widmann announced today (Tues) that the airport, which is located around 10 kilometres outside the city centre of Graz, recorded 990,118 passengers in 2010, 4.4 per cent more than in the previous year.But Widmann pointed […]
Energie Steiermark has acquired a major stake in a leading Serbian energy provider.The Styrian company announced today (Tues) it had paid 7.4 million Euros for the 67 per cent interest in Belgrade-based gas supplier Beogas. The Serbian company has a market share of 60 per cent and around 410,000 customers.Energie Steiermark is one of the […]