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Read the latest headlines about developments in the international energy industry in Vienna and Austria
Vienna International Energy Industry News
Turkish Electricity Market Threatens to Collapse
The increasing energy demand in Turkey is facing a lack of infrastructure. Austrian Verbund will expand its investments.
January 13, 2011
Energie Steiermark Acquires Majority Stake of Gas Supplier in Belgrade
67% of Serbian Beogas are being taken over by the Styrian energy company.The concession covers a service area in the Serbian capital, with over 400,000 customers.
January 10, 2011
EVN Elects New Supervisory Board
The majority shareholder of the Austrian energy company EVN submitted a proposal regarding the new supervisory board elected on January 20.
January 10, 2011
OMV: Moody´s Warns Against Downgrade
The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.
January 10, 2011
OMV: Market Predicts Capital Increase
Due to acquisitions and the rating situation, analysts expect a capital increase of Austria's energy group.
January 7, 2011
OMV Expands in Tunisia
OMV acquires Tunisian Exploration and Production (E&P) subsidiaries of Pioneer Natural Resources for $ 800m plus working capital.
January 6, 2011
Green Electricity Costs are Rising in Austria
Transfer pricing for the E-business rises in 2011, depending on the type of production, between 2.7 and 25.6%
January 3, 2011
Italian Support for Nabucco
The Italian power company Edison cooperates with the Nabucco gas pipeline project. The aim is to create synergies.
December 28, 2010
REWE Group Focuses on Wind Power
6500 MWh of electricity per year are generated by wind turbines in the Lower Austrian Haindorf. The energy produced is bought by the REWE Group.
December 28, 2010
Further Rise in Energy Prices for Households
Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.
December 27, 2010
Slight fall in profits at Wien Energie
The municipal energy supplier achieved in the last fiscal year mostly stable results. Sales remained virtually unchanged.
December 24, 2010
OMV Gas Project is Delayed
Austria's OMV is involved in a joint venture for a liquid gas project in Croatia. Delays are expected.
December 23, 2010
OMV Closes Acquisition of 54.14% in Petrol Ofisi
OMV, an Austrian energy group, completed the acquisition of a 54.14% stake in Petrol Ofisi A.S.
December 22, 2010
Changes in Board of Bewag have been Completed
The energy supplier from Burgenland gets a new board after a seven-week long call for tenders.
December 22, 2010
Verbund Starts Restructuring in France
The Austrian energy company takes full control of the Poweo production subsidiary Poweo Production S.A.S.
December 22, 2010
Further Increases in Prices of Industrial Goods
Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.
December 20, 2010
EVN Reports Growing Results
The energy provider from Lower Austria could raise its EBIT by 6.9%. EBITDA grew by 11.6%. Revenues remained stable.
December 16, 2010
EVN: Changes in the Executive Board of EVN
The energy supplier located in Lower Austria announces the early retirement of Burkhard Hofer, member and spokesman of the Executive Board.
December 15, 2010
Linz AG: Decrease in Operating Profits
The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
December 14, 2010
New Board Member at OMV
Supervisory Board of OMV: Manfred Leitner appointed to the OMV Executive Board with effect from April 1, 2011.
December 14, 2010
OMV: Nabucco Underway as Planned
Austrian OMV considers that the gas pipeline project of European energy companies is developing according to plans.
December 10, 2010
OMV: Operating Result of Over € 2.0bn Expected
The CEO of the Austrian oil group, Wolfgang Ruttenstorfer says: "2010 was a good year for OMV”.
December 10, 2010
Turkey: Verbund Fails in Privatization
The Austrian-Turkish joint venture was unable to participate in the privatization of the Turkish power grids. The Group's objectives remain valid nonetheless.
December 8, 2010
Romania Sells Stake in Petrom
The state share in the Romanian Petrom, a subsidiary of the Austrian OMV, is to be reduced. OMV is interested.
December 7, 2010
BDI - BioEnergy Builds Biodiesel Plant in Belarus
The Styrian company expands its operations to Belarus. The order value amounts to € 10m.
December 6, 2010
OMV CEO: Insider-process on January27
While the trial date for the CEO of OMV has already been set, many leading personalities express their trust in an open letter.
December 2, 2010
Wind Energy: Austrian Suppliers Export for € 450 million
More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.
December 2, 2010
Austria's Industry Welcomes Electricity Reform
Whereas Industrialists and the Economic Chamber (WKO) are asking for enactment today, the Umweltdachverband (UWD, Environmental Federation) is against it.
December 1, 2010
Renewable Energy: Great Potential, but Halted by Politicians
The Umweltdachverband (UWD, Environmental Federation) criticizes sharply the energy policy of the Austrian Government. Investments are made mainly in obsolete technologies
November 29, 2010
A-Tec: Kovats’s Prestige Projects on the Brink
Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.
November 29, 2010
Verbund Completes its € 1bn Capital Increase
Vienna Stock Exchange listed Verbund AG successfully completed its capital increase and placed 39,215,686 new shares.
November 26, 2010
OMV Supervisory Board: Confirmation of Ruttenstorfer as CEO
Being accused to insider trading, the other members of the board as well as the supervisory board demonstrated to have confidence in CEO Dr. Wolfgang Ruttenstorfer.
November 25, 2010
Wiener Stadtwerke Inaugurates New Headquarters
The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010
SW Umwelttechnik Announces Q1-Q3 2010 Results
The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.
November 24, 2010
Austria's Energy Consumption Falls
The energy consumption of Austria decreased in 2009 compared with the previous year by 4%. Mainly industry and transport reduced their consumption.
November 23, 2010
OMV's Supervisory Board Supports CEO Ruttenstorfer
The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.
November 23, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
OMV Sells 56 Gas Stations to PKN Orlen
56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.
November 19, 2010
Little Progress for Southstream
The Russian energy group Gazprom has difficulties with the Southstream pipeline project. The optimal path has to be found first.
November 18, 2010
Suspicion of Insider trading: Ruttenstorfer receives support
After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".
November 18, 2010
Industry Welcomes EU Energy Infrastructure Package
Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.
November 17, 2010
Strabag: Takeover of h s energieanlagen Austria
STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.
November 17, 2010
Wind Energy: Vendors Pressed for Time
Promotion for Austrian wind energy expires in 2012. The industry has only recently been able to set up new facilities.
November 12, 2010
Linz AG: Pause After Investment Offensive
The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.
November 11, 2010
Verbund: Further Expansion in Turkey
The power company intends to increase its presence in the rapidly growing Turkish market. But above all, investments will be made in Austria.
November 10, 2010
OMV Announces Results of January – September 2010
Austria´s biggest company posts a strong operating performance compared to previous year.
November 10, 2010
Nabucco: First Deliveries Before Year-End
While sharp criticism of the pipeline project is heard again from Moscow, there is optimism at Nabucco.
November 9, 2010
Windtec: World Market Leader In Only 5 Years
The Carinthian developer of wind turbines has catapulted in just five years to the the position of global market leader.
November 8, 2010
Umweltdachverband: Electricity Industry Power Plant List is Utopian!
Energy projects are unrealistic, alternatives have been ignored and the environment is neglected completely, according to the accusations.
November 8, 2010
Energy Industry: Tough Start for Expansion
The domestic energy industry has numerous plans to expand capacity. However, political will is containing them.
November 5, 2010
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