Europes economies will strongly benefit from thriving world markets, a leading think tank has claimed.Viennas Institute for Economic Research (WIFO) announced today (Fri) that the global economy will have grown by 4.4 per cent year on year in 2010 and by around 4.1 per cent the following year before a 4.6 per cent improvement is […]
Bad weather dampens 2010 harvest
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Difficult weather conditions and a decline of cultivation areas have led to significant harvest declines this year.Federal statistics authority Statistik Austria announced today (Fri) that overall harvest volumes dropped by 6.5 per cent year on year to around 4.5 million tons.Branch representation authority Agrarmarkt Austria (AMA) predicted a year on year decrease of five per […]
Silgan might snatch Vogel & Noot
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A leading American metal and plastic containers manufacturer has revealed it is close to completing the acquisition of an Austrian rival.US media report today (Thurs) Silgan Holdings Inc. (Silgan) is ready to take over Vogel & Noot Holding AG (Vogel & Noot) for 253 million Euros.Vogel & Noot, which is based in Wartberg in Styrias […]
Energy prices still soaring
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Higher household servicing expenses have avoided a significant decrease of inflation in Austria last month.State agency Statistik Austria found that a 3.3 per cent rise in energy prices and a 2.7 per cent increase of housing maintenance costs kept the annual inflation rate from declining more significantly than from 2.1 per cent in November 2009 […]
A foundation established by Hollywood legend Michael J. Fox has decided to support an Austrian firm in developing a vaccine against Parkinsons disease.Vienna-based Affiris AG announced today (Thurs) that it had received a donation of more than 355,000 Euros from the Michael J. Fox Foundation (MJFF) which was set up by the 49-year-old “Back to […]
VIA chairmen forced to leave early
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The supervisory board of Vienna International Airport (VIA) has decided to remove all three co-chiefs from power.The panel agreed in a 14-hour-long meeting yesterday (Weds) to lay off Herbert Kaufmann by the end of this month. Gerhard Schmid and Ernest Gabmann will leave Flughafen Wien AG, the company managing Austrias biggest airport, next year.The trio […]
Salzburg hotel prices jump
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Hotels in the city of Salzburg have upped their prices by more than 25 Euros, it has been revealed.International hotel comparison website Trivago (www.trivago.co.uk/hotelprices) said today (Thurs) that a standard double room in the holiday hotspot currently costs 129 Euros a night, up from 102 Euros last month.Thousands of skiers spending their holidays in the […]
EVN earnings climb as equity ratio drops
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Energy provider EVN AG managed to increase its earnings in the past business year.The Lower Austrian company said today (Thurs) that its earnings before interest and taxes (Ebit) jumped by 6.9 per cent year on year to 187.3 million Euros in the 2009/2010 business year which ended on 30 September.The firms turnover edged up by […]
Loss-making JoWooD seeks investor
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Struggling computer games producer JoWooD Entertainment AG (JoWooD) has started looking for an investor.The Viennese company, which has been quoted on the Vienna Stock Exchange (WBAG) since 2000, said today (Thurs) its operative losses soared by 1.655 million Euros to 14.304 million Euros year on year in the first nine months of 2010.The firm […]
EVN boss quits
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One of Austrias leading energy providers is to get a new chairman as Burkhard Hofer announced he has decided to step down as head of EVNs executive board.The Lower Austrian company announced today (Weds) that the 66-year-old asked the supervisory board to release him from his position next month. EVN explained that its supervisory panel […]