Austrian postal services company Post AG has managed to increase its turnover and earnings. The partly state-owned firm said yesterday (Weds) it achieved a turnover of 605.7 million Euros in the first quarter, six per cent more than in the same period of 2011. Earnings before interest and taxes (Ebit) climbed by 14.4 per cent […]
Lufthansa subsidiary Austrian Airlines (AUA) has plans to expand once the current savings have come into effect. But according to AUA-managing director Karsten Benz they said they would be looking to add new destinations and new partners. He is also keen to have longer destinations, And he said that an additional 10 long-distance routes would […]
Austrian residents in the picture postcard Alpine village of Hallstatt are to sign a deal with a Chinese carbon copy village which officially opens on June 2. Residents of Hallstatt in Austria were furious when their village was copied and rebuilt in China but now a legal challenge over the copyright breach has been dropped, […]
Electricity provider Verbund is selling its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
The 160 million Euros worth Falkensteiner Punta Skala Resort in Petrcani near Zadar (northern Dalmatia) has opened doors to tourists after eight years of construction, writes the daily Slobodna Dalmacija. The resort is the Austrian company Falkensteiner Michaeler Tourism Group AG’s biggest Croatian project that took eight years to complete, although parts of it have […]
Austrian electricity company Verbund has presented a positive business development for the first quarter 2012 in spite of what it described as a “challenging market and industry environment”. Revenue, operating result and Group result were all significantly improved due to the good water supply and higher average sales prices. Verbund continues to invest consequently in […]
Unemployment in Austria is increasing, new figures show. The Austrian Labour Market Service (AMS) said yesterday (Tues) 321,800 people had no job last month, 6.7 per cent more than in April 2011. This figure considers jobless people attending education courses and traineeships organised by the AMS. Their number climbed by seven per cent to nearly […]
Peter Schöber has said that market shares should be a negligible aspect for ORF III. Schöber – who co-heads the new channel in cooperation with Helmut Kaiser – said: “Our programme attracts up to 400,000 people a day but, to be honest, I do not care about market shares a lot. (…) Quality should matter […]
Austrian Airlines (AUA) keep up the fight against the executive board’s plans to cut their incomes. AUA CEO Jaan Albrecht wants to introduce a new contract for the 600 pilots of the struggling carrier. The salary reform would mean a 25 per cent reduction of pilots’ wages. The new contracts would resemble the ones Tyrolean […]
A German economist has warned from “dangerous monopoly circumstances” in the global rating business. Karl-Heinz Brodbeck told Viennese newspaper Die Presse that the world’s leading credit rating agencies were issuing better grades the more money they made with the rating. He called the situation “dangerous” and called for more transparency. The renowned economic expert – […]