The latest energy source industry and company news and analysis from FriedlNews
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Austrian Energy Source Industry Headlines

Austria Objects to Hungary's Paks Upgrade Project

The Austrian government sent a formal notice to the European Commission concerning its objections to the upgrade of the Paks nuclear power plant in Hungary. The Austrian government is objecting because the project is receiving "unapproved state financing" while "supporting the use of unprofitable technologies" that could lead to "distortions on the internal electricity market", the Federal Ministry of Economy said in a statement.


Energy Dependency in the EU at 53.4%, in Austria at 65.9%

Energy dependency in the EU was at 53.4 percent in 2014. According to the latest Eurostat data Austria’s energy dependency was at 65.9 percent, which ranks Austria seventh in the EU. Estonia was least energy dependent (8.9 percent), while Malta was most dependent (97.7 percent).

February 5, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 2015

Andritz Lands Orders from Vietnam and South Korea

The Styrian facilities builder Andritz has received orders in Vietnam and South Korea worth a total of about EUR 65 million (USD 70.58 million) the listed company announced. The company will equip hydro power plants in the two countries. Recently Andritz generated EUR 5.9 billion in annual sales.

December 18, 2015

Power Market Regulator: 2.45 Percent of Austrians to Switch Power Supplier

2.45 percent of Austrian households will switch to a different electricity supplier in 2015, power market regulator E-Control head Walter Boltz expects.

December 15, 2015

Paris Climate Summit - Treaty COP21 Will Affect Austria

In an interview for Austrian broadcaster ORF Environmental Minister Andrä Rupprechter (ÖVP) declared that the climate treaty agreed during the COP21 summit in Paris would affect Austria. He also stressed that a change of the energy policy was necessary.

December 14, 2015

SBO Oilfield Cuts Headcount by One-Fourth, Further Reductions Likely

Listed oilfield group SBO has reduced its staff count by onefourth and now employs some 1,230 worldwide, CEO Gerald Grohmann said at the presentation of the ninemonth results.

November 26, 2015

EU Launches Nuclear Power Plant Infringement Procedure Against Hungary

The European Commission said it launched an infringement procedure against Hungary for failing to comply with European Union public procurement rules in an upgrade of the Paks nuclear power plant. The Hungarian government will implement the upgrade of the Paks nuclear power plant, Prime Minister Viktor Orban said in a regular interview on public radio on Friday.

November 20, 2015

Historic Iran Nuclear Deal Likely to be Announced Early Tuesday

Officials negotiating in Vienna's Palais Coburg say nothing is confirmed, but a deal will possibly come in the early hours of the morning. Iran’s Foreign Minister Mohammad Javad Zarif said an Iran nuclear deal would not be ready to be announced July 13, as China’s Foreign Minister urged the P5+1 and Iran to finalize the accord.

July 13, 2015