Energy

Czech Government Attempts to Stimulate Growth

On the one hand, the Czech government deepens the austerity measures. On the other hand, growth-stimulating investments should be initiated.

October 13, 2012

Slight Decline in Inflation Rate

The Austrian Consumer Price Inflation declined to +2.6% in February 2012.

March 14, 2012

OMV Gives In: No Fracking in Austria

The Austrian oil and gas company OMV reacts to the citizen´s protests and gives up its natural gas exploration plans in Northern Austria.

March 5, 2012

Verbund Reports Mixed Results

The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.

February 29, 2012

Slight Decrease in Inflation

Decline in Austrian Consumer Price Inflation to +3.0% in January 2012.

February 29, 2012

Resistance Against „Fracking“ Grows

The oil and gas group OMV plans to exploit shale gas in Northern Austria. Environmental activists claim a prohibition.

February 28, 2012

Verbund: Analysts Expect Mixed Results

Analysts anticipate a rise in earnings and sales at the Austrian energy supplier. EBITDA and profits are expected to decline.

February 28, 2012

Merger of Nabucco-TANAP Discussed

Members of the gas pipeline projects Nabucco and TANAP talk about a merger in Vienna. The Turkish Minister of Energy participates therein.

February 28, 2012

Higher Profits and Revenues at EVN

The Austrian energy provider recorded a slight increase in profits (+1.8%) and revenues (+3.4%). EVN expects stable results in 2012.

February 28, 2012

Decision on Nabucco Again Postponed

The natural gas consortium „Shah Deniz II“ postpones its decision by one year. OMV´s CEO Gerhard Roiss underlines the importance of a pipeline to the Austrian hub Baumgarten.

February 24, 2012
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