VIENNA/LONDON, Feb 22 (Reuters) – Austria’s energy
company OMV AG expects the consortium in charge of the
Shah Deniz II gas field in Azerbaijan to decide definitively on
a pipeline partner by mid-2013 to transport its gas to Europe,
OMV’s Chief Executive said on Wednesday.
BP operates the Shah Deniz II gas field, containing
some 1.2 trillion cubic metres of gas, and holds a 25.5 percent
stake, as does Statoil, with the rest divided between
SOCAR, LUKOIL, NICO, Total and TPAO.
VIENNA, Feb 22 (Reuters) – Austrian energy group OMV
will try to get its oil output from Libya above
pre-war levels this year, the company said while reporting
fourth-quarter results that easily beat market expectations.
“In the international portfolio, OMV will seek to bring
Libyan production back to pre-crisis level and beyond,” it said
in its 2012 outlook.
VIENNA, Feb 21 (Reuters) – Austria’s Wienberger
, the world’s largest brickmaker, expects to remain
profitable this year, helped by higher prices and demand from
homebuilders in France and Germany, after earning more than
expected in 2011.
The Vienna-based company did not provide a detailed outlook
for 2012 after posting 2011 net profit of 41 million euros
($54.39 million), up from a 35 million euro loss a year earlier.
VIENNA, Feb 10 (Reuters) – Austria’s fractious
governing coalition has embarked on its most ambitious project
to date – balancing the budget by 2016 in a risky campaign
before an election battle next year against the resurgent far
The Social Democrats (SPO) and conservative People’s Party
(OVP) unveiled details on Friday of a cumulative 26.5 billion
euro ($35 billion) package of spending cuts and tax hikes.
VIENNA, Feb 9 (Reuters) – Austria’s governing
coalition is close to clinching a deal to improve public
finances by around 27 billion euros ($35.8 billion) by 2016 via
a mixture of spending cuts and tax hikes, a government source
The accord, which aims to nearly eliminate the structural
budget deficit amid European countries’ campaign to put their
financial houses in order, may be presented within days and as
early as Friday, the official said.
VIENNA (Reuters) – A Vienna hospital is searching for long-retired staff who might hold clues to a man’s claim that he was deliberately infected with malaria when he was a psychiatric patient nearly half a century ago.
The case shed fresh light on an almost forgotten footnote in Viennese medical history – the use of malaria-induced fevers to treat some kinds of dementia, an approach once seen so promising that it won an Austrian neurologist a Nobel Prize in the 1920s.
VIENNA (Reuters) – The leader of Austria’s far-right Freedom Party is taking a public relations beating after refusing to apologize for likening anti-fascist protesters to a Nazi mob and his supporters to Jews.
Heinz-Christian Strache’s comment that “We are the new Jews” to an undercover journalist at a Vienna ball that critics say draws right-wing extremists has caused uproar and triggered at least a temporary setback for his resurgent euroskeptic party.
VIENNA (Reuters) – Senior U.N. nuclear inspectors plan another trip to Iran later this month after holding what both sides described as good talks on the Islamic state’s disputed atomic program.
The Jan 29-31 talks in Tehran were a rare direct dialogue in the long-running international stand-off, which has worsened in recent weeks as the West pursues a punitive embargo on Iranian oil and Tehran threatens retaliation.
VIENNA (Reuters) – United Nations nuclear inspectors and Iranian officials held what both sides described as “good” talks in Iran about suspicions that the Islamic Republic was seeking to develop atomic weapons, but said more discussions would be needed.
The U.N. inspectors went to Tehran on Saturday to confer with Iranian officials on Iran’s suspected atomic weapons program, and to try to advance efforts to resolve the nuclear row. Tehran says its nuclear activities are for peaceful electricity generation.
VIENNA, Jan 20 (Reuters) – Austria’s Volksbanken AG
(OeVAG) has been excused from meeting onerous
European capital targets by mid-year because it is in the midst
of a sweeping reorganisation, the country’s FMA markets watchdog
“OeVAG no longer has to present a recapitalisation plan on
the level of the EBA (European Banking Authority),” an FMA