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Energy Industry

Fierce Criticism of Austria's Energy Policy

Anschober (Greens): "The Minister of Economy insists on the worst promotion policy of green electricity in Europe: this is hostile to the business and labor market"

April 21, 2011

Verbund Subsidiary Sorgenia Managed Turnaround

The Austrian-Italian joint venture Sorgenia reported a profit of € 6.8m for the first quarter 2011.

April 20, 2011

Inflation went up to 3.1%

Austrian Consumer Price Inflation increased to 3.1% in March 2011 - the main drivers are energy and food prices.

April 16, 2011

BDI – BioEnergy: Management Board Changes

The founders of BDI – BioEnergy International AG, Wilhelm Hammer (64), CEO, and Helmut Gössler (52), CTO, will be leaving the Management Board of the Austrian biotechnology company.

April 16, 2011

Electric Mobility as a Topic of the Future for Domestic Enterprises

Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.

April 14, 2011

Verbund: Expected Improvement in Earnings for 2011

Wolfgang Anzengruber, CEO of the Austrian energy group Verbund, foresees growth in earnings and a stable result for 2011

April 14, 2011

EVN Makes € 105m Investment in Croatia

The Croatian subsdiary of the Austrian energy company EVN started construction works on Zadar county gas network.

April 14, 2011

OMV Announces Major Gas Discovery in Australia

OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.

April 14, 2011

Decline in Sales for Salzburg AG

The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.

April 13, 2011

Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies

The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.

April 9, 2011

Renewable Energy as a Sustainable "Job Driver"

For the President of the Chamber of Agriculture (LK, Landeswirtschaftskammer Österreich), Gerhard Wlodkowski, renewable energies secure an edge on technology and high-quality jobs.

April 6, 2011

Green Jobs are Booming in Austria

Environmental production and services sector defies the crisis – 2009 employment increases by 3.7%.

April 5, 2011

Isovoltaic: IPO Fixed

The Austrian component supplier in the solar power industry will be listed at the Vienna Stock Exchange. The subsription period starts by Monday.

April 4, 2011

CEO Roiss: "OMV: an international player with Austrian roots"

The new CEO of OMV plans a strategy review on three main areas: regional focus, portfolio development and future challenges.

April 1, 2011

Ruttenstorfer leaves OMV

The longtime CEO of OMV, Wolfgang Ruttenstorfer will pass on his position to Gerhard Roiss on April 1.

March 31, 2011

Macedonia: Court procedure ELEM – EVN settled

Today ongoing judicial proceedings since 2008 between state-owned ELEM and the Austrian energy company EVN have been terminated by an in court settlement.

March 31, 2011

BP Austria: Sales for € 1.3bn

The British oil company increased its sales last year from € 1.05bn to € 1.3bn. The operating profit quadrupled.

March 29, 2011

€ 110m Project for Andritz

The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.

March 29, 2011

Austrian Industrial Production Still Growing

Statistics Austria: Rise in Production index in January 2011: 8.4% over January 2010

March 26, 2011

Petroleum Industry: Only 2659 Gas Stations by End-2010

Due to fierce competition and low margins, there are increasingly fewer gas stations in Austria

March 25, 2011

Isovoltaic Considers IPO in the First Half of 2011

The global market leader in the solar backsheet market considers listing on Vienna Stock Exchange as one possible option during the first half of 2011

March 25, 2011

Leitl Promotes Green Electricity Amendment

The Economic Chamber President welcomes the initiative of the Minister of Economy: green electricity is promoted, reduced the backlog of planned investments.

March 24, 2011 · Updated: March 24, 2011; 01:34

No Sale of ÖBB-Power Plants

The proposal that the Austrian Federal Railways sell its assets rather than increase its capital meets with vehement rejection.

March 23, 2011

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

Austrian Producer Prices Still on the Rise

Strong rise of industrial producer prices in January 2011: +5.0% compared to January 2010.

March 22, 2011

OMV Fears Destruction of the Libyan Infrastructure

With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.

March 22, 2011

Disaster in Japan Stops Exports

Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.

March 18, 2011

Manufacturing Industry Supports Reform of the Energy System

Federation of Austrian Industries: "Energy efficiency has to get back into focus, the development of hydropower is a priority for Austria"

March 17, 2011 · Updated: March 18, 2011; 01:24

Bulgaria: EVN Thermal Power Plant Almost Completed

The project of the Lower Austrian energy company EVN in Bulgaria will go into operation still this year.

March 17, 2011

Anzengruber: Austria Should Halve Energy Consumption by 2050

Verbund CEO Wolfgang Anzengruber believes that energy efficiency can be increased significantly. The energy industry needs further investments in order to achieve this.

March 17, 2011

Austrian Inflation Rate Increases up to 3.1%

Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.

March 17, 2011

Verbund Plans an Investment for €600m in the U.S.

A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.

March 16, 2011

Bosnia is a Promising Market for the Austrian Construction Industry

The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina

March 16, 2011

Wlodkowski: "Renewable Energy is the Only Road for the Future"

The President of the Chamber of Agriculture calls for the promotion of renewable energies. A "Fossil-lobby" allegedly wants to prevent this.

March 15, 2011

Verbund Supervisory Board Appoints Members of the Board

The Austrian energy company appoints Günther Rabensteiner as a new board member. Baumgartner-Gabitzer’s Term renewed.

March 11, 2011

Ruttenstorfer: "OMV Stays in Libya '

Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.

March 10, 2011

Verbund: Research Alliance with Technology University

The power group intends to expand its know-how in the field of environmental technology through cooperation with the Technical University of Vienna (TU).

March 10, 2011

OMV Continues Receiving Oil Deliveries from Libya

The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.

March 8, 2011

Andritz: Possible Loss of the Belo Monte Project

The Brazilian government is fighting for the realization of the controversial Belo Monte project, whose approval has been blocked in court.

March 3, 2011

Verbund: Massive Decline in Results

As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.

March 3, 2011

Austrian Inflation Speeds Up

The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.

March 1, 2011

Austrian Gas Price Index at a New High

The Austrian gas price index ÖGPI(C) recorded a significant increase in March 2011 in comparison with the previous month, rising to 117.16 points.

February 26, 2011

EVN Records Rising Revenues

The Austrian energy company announced its results for the first quarter in 2010/11. EVN could benefit from rising electricity costs.

February 26, 2011

Libya: OMV Foresees no Shortages

The CEO of the Austrian OMV considers not to have underestimated the risks in Libya.

February 24, 2011

Increase of Inflation Forecast

The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices

February 24, 2011

Strong Growth in Results for OMV

The Austrian energy company OMV records a strong increase in EBIT as well as profitability.

February 24, 2011

Libya Crisis: No Shortage of Supplies

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

February 23, 2011

OMV Expects Reduction in Oil Production in Libya

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

February 23, 2011

Southstream: Gazprom-OMV Cooperation

OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.

February 22, 2011

OMV Observes Riots in Libya and Yemen „thoroughly“

The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.

February 21, 2011