Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company which belongs to Austrian bank group Erste announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]
Fire-fighting equipment producer Rosenbauer is optimistic 2010 will be “a record year for us” despite earnings plunging last year.Firm officials said today (Fri) they expected all of its production capacities to be occupied this year due to the current positive order situation.Earnings before interest and taxes (Ebit) dropped by 26 per cent year on year […]
Volvo is recalling more than 500 cars in Austria.The Swedish company said today (Fri) a protecting cover of the fuel line needed to be checked at 549 XC 60 models built in 2009 and 2010.Officials warned the metallic cover could come off and endanger following cars.Around 29,400 Volvo vehicles are affected worldwide by the recall.American […]
Magna ends Graz plant part-time scheme
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Thousands of workers at Magnas Graz plant are back in full-time work as the car industry supplier registered a sharp increase in orders.Around 4,500 staff were put into an 18-month part-time model to avoid sackings.Workers Union official Thomas Stoimaier said today (Fri): “The companys order situation is currently very good and this is why it […]
Austrian congress tourism 2009 nets 1bn
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Congress tourism created a net product of more than one billion Euros last year, tourism officials have said.Austria Marketing (ÖW) chief Petra Stolba announced today (Thurs) that around two million overnights throughout the country were made by congress participators in 2009.”Austria is one of the leading nations in the world when it comes to hosting […]
Road to Liberty through Innovation
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By John Morris in Washignton DCInnovation was the buzz word at this years SAE World Conference at Detroit, 13-15th April 2010 which saw a very strong Austrian presence through main congress sponsors AVL and MAGNA, the Austrian automotive suppliers. US company FORD announced a joint venture with the Styrian company MAGNA to produce the battery […]
Strabag keeps busy in Zadar
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Austrian building top dog Strabag said construction of a Croatian port would be finished by 2013.The Vienna-based company has been engaged in building the new Gazenica port in the Dalmatian city of Zadar since May 2009.Firm officials said today (Thurs) it had also been assigned to lead procedures in the second stage of the project […]
efko eyes Bulgarian partnership deal
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Upper Austrian fruit and vegetable producer efko is considering cooperating with a Bulgarian company as an increase in turnover is expected for this year.Company chief Gerald Hackl said today (Thurs) turnover rose by 16 per cent year on year to 118.3 million Euros in 2009, adding that another three-per-cent increase was expected for 2010.Hackl said […]
EE business lets Teekanne turnover brew
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Prospering business in Eastern Europe (EE) served up a record turnover for Austrian tea producer Teekanne in the past business year.Bernhard Zoller, who heads the Salzburg-based firm, said overall 2009/2010 turnover soared by 8.2 per cent to 96.4 million Euros.Zoller said Teekanne would continue to expand in EE after becoming market leader in the Czech […]
Austrian experts are at odds over whether officials reacted correctly to the eruption of an Icelandic volcano, while FlyNiki boss Niki Lauda considers suing aviation safety organisation Eurocontrol.Fritz Pachowsky, aviation engineering lecturer at Viennas Technical University (TU), said today (Mon): “Shutting down the whole European airspace for several days is like sending someone with a […]