Offices of Austrian Federal Railways (ÖBB) and the apartments its of ex-managers were raided last night (Mon) amid suspicions of bribery connected to the takeover of a Hungarian railway company.The Viennese Anti-Corruption Prosecution announced today (Tues) it was asked by Hungarian officials to assist in investigating the case regarding ÖBBs acquisition of MAV Cargo. The […]
Vorarlberg not upping heating subsidy
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The provincial government of Vorarlberg has decided not to raise the heating subsidy sum for the upcoming winter.Peoples Party (ÖVP) councillor Greti Schmid announced today (Tues) that the government will support needy households with 250 Euros this winter, the same amount it provided last year.This means that local political decision-makers will not take inflation into […]
TA to finalise Velcom takeover
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Telekom Austria (TA) is to fully take over a leading Belarusian mobile communications firm, it has been announced.TA, which has 16,000 employees and more than 21 million customers across Europe, said today (Tues) it finalised the purchase of 100 per cent of Minsk-based Velcom.The Austrian company headed by Hannes Ametsreiter already acquired 70 per cent […]
The political pressure on Federal Railways (ÖBB) is rising following the firms announcement to axe a direct connection between the second- and third-biggest cities in the country.ÖBB said last week it would stop running a direct high-speed Intercity connection between the Upper Austrian city of Linz and Graz in the province of Styria after reorganisation […]
Majority want ÖIAG axed, poll shows
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More than six in 10 Austrians want a dissolution of the Austrian industry-holding stock corporation (ÖIAG), according to a poll.Researchers IFES said today (Mon) 61 per cent supported a possible shutdown of the body, while 30 per cent backed its continued existence.The future of ÖIAG and responsibilities has been publicly debated by the Social Democrats […]
SBO snatches Dubai firm
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Oil industry equipment maker Schoeller-Bleckmann Oilfield Equipment AG (SBO) has taken over an Arabian rival, it has been announced.The global market leader, which is headquartered in Ternitz, said today (Mon) it had acquired a 100 per cent interest in Dubai-based Drilling Systems International Ltd. (DSI). A takeover price was not disclosed by the Lower Austrian […]
Doppelmayr bags record order
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Austrian lift systems producer Doppelmayr has received the biggest assignment in its 118-year history.The Wolfurt-based company said today (Mon) its US American subsidiary DCC Doppelmayr Cable Car (DCC) was part of a consortium contracted to build a cable liner in the Californian city of Oakland.Doppelmayr said work would be completed in 2014, adding that the […]
ÖBB to axe direct Linz – Graz route
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Politicians in Upper Austria have turned their guns on Federal Railways (ÖBB) bosses after the firm announced plans to end its Linz Graz Intercity service.The state-owned company said today (Fri) that it would stop offering a direct high-speed connection between the Upper Austrian city of Linz and Graz in the province of Styria after […]
Austrian jobless rate still lowest in EU
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Austria has retained its title of being the European Unions (EU) jobless rate model pupil.The European Commissions (EC) statistics body Eurostat found that Austria still had the lowest unemployment rate among the EU-27 with 4.3 per cent, followed by the Netherlands where 4.5 per cent of residents were out of work in August.The agency also […]
Strabag shops mall order in Sweden
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Austrian construction top dog Strabag SE has been contracted to expand and renovate a shopping centre in Sweden.The Vienna-headquartered company announced today (Fri) it will enlarge the Täby Centrum in Stockholm from its current 50,000 square metres to an overall 80,000 square metres. Strabag added the size of the malls car park will be upped […]