The latest commodities markets news and analysis from FriedlNews
Page 1/16

Austrian Commodities Markets Headlines

Grexit: Maximum Loss for Austria EUR 9.3 Billion, According to FAZ

The maximum loss in case of Greece's default amounts to EUR 317 billion - this is the total value of the Greek state's debts. According to "Frankfurter Allgemeine Zeitung", which relied on data from UBS, Ifo and Eurostat, Germany would have to bear most of the burden, i.e. EUR 87.6 billion. According to the newspaper, Austria could lose up to EUR 9.3 billion (USD 10.328 billion).

July 3, 2015

Scenario for Austria: Energy Turn Possible by 2050, NGOs Believe

Austria has to decide to make the transition to renewable energy, NGOs including Global 2000, WWF and Greenpeace called for in Vienna. The organizations have commissioned their own scenario which is to show that such a transition is possible, if energy consumption drops by half by 2050, expert and report author Andreas Veigl said.

June 26, 2015

VSE's Operating Income Up 17% in 2014, CEESEG also Slightly Up

The Vienna Stock Exchange (VSE) and the CEE Stock Exchange Group report solid FY 2014 results. Vienna Stock Exchange's operating income is up 17% in 2014, mainly driven by the steadily increasing trading volume. Also, new members have been elected to the supervisory board.

June 23, 2015

Austrians Pay More than Luxembourgians for Petrol

Luxembourg’s citizens buy petrol cheaper than Austrians do, in terms of price to earnings. In Austria people can buy for their net monthly salary by 50 percent more fuel than Italian can, and double as much as Hungarians, an expert of the Austrian automobile club (VCÖ), Markus Gansterer, estimates, citing Eurostat data.

June 15, 2015

OMV Working on New Nabucco?

According to an article featured by Presse daily on Friday, indicators show that oil group OMV is currently toiling at a ‘new Nabucco’ project. Instead of gas from the Caspian Sea the pipeline in question would transport Russian gas via Turkey.

June 12, 2015

Timber Industry Posts Decline for 2014

The production volume of the timber industry in Austria slipped by 5.2 percent to EUR 7.08 billion (USD 8 billion) last year. The export rate fell 1.5 percent to EUR 4.78 billion, reaching 68 percent. 74 percent of the production was exported to the EU, and Germany and Italy in particular. The import has dropped, too, although not as much as exports.

June 10, 2015

Lukoil is Expanding its Location in Vienna

The Russian oil group Lukoil is expanding its location in Vienna and wants to entrust the Viennese Holding Lukoil International with the exploration and production business, generating sales of EUR 4.6 billion per year, CEO Vagit Alekperov told ‘Wiener Zeitung’.

June 8, 2015

OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna

The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.

June 3, 2015

Austrian Industry Still Slowly Growing

The situation in Austrian industry keeps improving. However, the pace is rather modest. In May the sector expanded production more than in the preceding month, even though there was sllight contraction in orders.

May 28, 2015

Austrian Central Bank Plans to Relocate Gold Reserves

Austria's central bank OeNB plans to move its gold reserves by 2020 and hold half of the total in Austria, at the bank itself and at the Austrian mint, the bank said on the occasion of the annual press conference. Another 30 percent of the gold will be stored in London and 20 percent in Switzerland.

May 28, 2015