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Energy Industry
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
OMV Closes Acquisition of Pioneer’s Subsidiaries in Tunisia
OMV paid $ 800m plus $ 39.3m working capital and remains committed to maintaining a strong investment grade
February 19, 2011
EU Requests Nabucco to Enter a Cooperation
The European Union is pushing a merger between Nabucco and the ITGI pipeline project.
February 18, 2011
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