A Romanian shopping centre into which Austrian Sparkassen Immobilien poured 200 million Euros has made it into the Guinness Book of World Records for the largest indoor Christmas light display.Guinness World Records officials acknowledged the bid as a new world best after visiting the installation which features 449,658 lights at the Sun Plaza mall in […]
The recession still has the European construction sector in its grip, a leading building company has warned.Linz-based Swietelsky, Austrias fifth-biggest construction firm, said today (Tues) that it would give a “careful” outlook due to the “insecure situation” in the Eurozone. The term describes the 16 European Union (EU) members which use the Euro as their […]
Porr scores Libyan stadium order
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A leading Austrian construction company has been assigned to build a 10-000-seat football stadium in Libya.Vienna-based Porr, Austrias third-biggest building firm, its Turkish cooperation partner Renaissance Group and Libyan Investment Development Company, were contracted to build the venue in the city of Tripoli, it was announced today (Mon).The assigned companies will rake in an overall […]
AE&E follows A-Tec into bankruptcy
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Austrian Energy & Environment (AE&E) has filed for bankruptcy just weeks after its owner A-Tec Industries AG (A-Tec) was forced to open insolvency procedures.A-Tec said it failed to find an investor for AE&E, which is its biggest subsidiary. The firm held takeover talks with Styrian company Andritz, Austrian businessman Ronald Pecik and a string of […]
Rosenbauer targets 600mn turnover
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Fire truck and fire-fighting equipment maker Rosenbauer International AG has said it expected to achieve a turnover higher than 600 million Euros this year.The Leonding-based company, which serves customers across the globe, announced today (Fri) its turnover increased by 12.5 per cent year on year to 421 million Euros in the first nine months of […]
OECD forecasts economic recovery
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The Austrian economy will develop better than the Eurozone average, the Organisation for Economic Co-operation and Development (OECD) has predicted.The international organisation said today (Fri) that the Austrian gross domestic product (GDP) will grow by two per cent annually between this year and 2012.The OECD added it expected the Eurozones economy to grow by just […]
Pecik exits AE&E takeover talks
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Time seems to be running out for struggling industrial firm A-Tec Industries AG as potential investors keep abandoning negotiations.Austrian businessman Ronald Pecik confirmed today (Fri) he saw “no sense” in acquiring A-Tecs subsidiary Austrian Energy & Environment (AE&E) because of its high debts and liabilities.This announcement comes after Hong Kong-based merchant banking company Mass Financial […]
Merger to happen on schedule, says Bwin
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Bwin bosses have rubbished speculations that the firms merger with a key rival was suddenly in doubt.Business media reported recently that plans to cooperate with British competitor PartyGaming from next year have been hampered by delays in Bwins bid to start doing business in several new countries.The Austrian firm has been confronted with differing federal […]
Diesel fuel price hits new high
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Motorists’ unions are infuriated as petrol prices continue to soar.Car club Arbö said today (Thurs) one litre of diesel fuel cost an average 1.138 Euros in Austria as of this morning.”This is the highest price in two years,” the body pointed out, adding that a further rise was expected for next year when mineral oil […]
Ticket tax to shrink Air Berlin fleet
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FlyNiki partner Air Berlin has revealed plans to diminish its capacities.The company Germanys second-biggest airline after Lufthansa said today (Thurs) it planned to reduce its fleet by seven planes in the near future as a reaction to upcoming taxes on tickets imposed by the German government.The coalition of the Christian Democratic Union of […]