Austrian online gaming platform bwin has revealed plans to expand to South America.Company chief Norbert Teufelberger said in an interview today (Tues) that he saw more growth potential in America than in Europe.”The plan is to do business in two to four South American countries within one or two years,” he explained.The bwin head also […]
Carinthian energy technology firm EN-TECH filed for bankruptcy at the regional court of Klagenfurt today (Mon).The Creditors Protection Association of 1870 (KSV 1870) announced the company which is headquartered in St. Veit an der Glan had debts of 1.79 million Euros. Thirteen employees and 120 creditors are affected.EN-TECH bosses said business suffered after […]
The economic crisis is still affecting Austrian companies as the number of newly registered lorries dropped in the first quarter of this year.Official figures released today (Mon) show that 5.6 per cent less lorries were registered during the first three months of this year compared to the same period in 2009.The number of registered articulated […]
Hofer Austria boss Johann Mörwald will join Aldi Süds “coordination board” by the end of this year, company officials announced today (Thurs).Mörwald has headed Hofer Austria the German discount supermarkets Austrian branch since 2008.Austrian newspapers claimed Hofer Switzerland chief executive Günther Helm will become new Hofer Austria head.Mörwald is meanwhile set to coordinate […]
Burgenland tourism bosses hope for more stays at the provinces Lake Neusiedl this summer after lakeside overnights in January and February soared by 25 per cent year on year.Tourism shipping transfer services at the lake which is the second-largest steppe lake in Central Europe started this morning (Fri), and lakeside towns have invested […]
Bankrupt electronic consumer goods chain Cosmos will be liquidated, it has been announced today (Fri).The Creditors Protection Association of 1870 (KSV 1870) said the decision was made after negotiators failed to find a “suitable follow-up solution” for the company which went bust earlier this year.KSV 1870 said the remaining articles would be sold at its […]
The number of companies settling in the province of Lower Austria is on the rise, it has been announced.Provincial councillor Petra Bohuslav said today (Thurs) 30 companies settled or expanded in Lower Austria in the first quarter of this year. The Peoples Party (ÖVP) politician said this number was a 50 per cent year on […]
Styrian waste management and recycling firm Saubermacher Dienstleistung-AG reportedly wants to acquire Upper Austrian waste management firm AVE, a subsidiary of Upper Austrian energy provider Energie AG Oberösterreich (EAG).Business magazine trend reported the news today (Mon), but EAG General Director Leo Windtner said the report had no basis in fact.He said: “AVEs continued consolidation is […]
Upper Austrian fibre producer Lenzing AG announced today (Mon) that it would invest an additional 78 million Euros in expansion of its facilities in Nanjing, China, and Lenzing, Upper Austria.It added that half of its fibre production capacity would be located in Asia after the expansion. It announced the investment of 120 million Euros in […]
Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]