AUSTRIA: STATE TO RAISE MONEY BY SELLING FORESTS

Article Abstract:

Osterreichische Bundesforste (OBf), the Austrian state-owned forestry company is to sell between 30,000 and 50,000 hectares of forest (more than 10% of its commercial forests) in order to meet its contribution of Sch 3bn to the government's budget in 2001 and 2002. As the divestments are likely to take 5-10 years, the Bundesforste will have to resort to credits for interim financing the contribution. In return for the forests to be given up, the government will pass on to the Bundesforste the management of some more lakes.

Organizational history, Administration of Conservation Programs, Forest Conservation, Timber tracts, Standing Timber, Timber Tract Operations

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AUSTRIA: UNTERLAND SALES FALL

Article Abstract:

Unterland Flexible Packaging, the Kufstein-based packaging producer which claims 45% of the Austrian market, expects a 6% fall in turnover to Sch 1.6bn in 2001. The number of staff will remain unchanged at 450. Unterland is the 9th-largest producer of plastic films in Europe.

Sales, profits & dividends, Plastic Film, Unsupported Plastics Film, Sheet, and Bag Manufacturing, Miscellaneous Plastics Products, NEC, Plastic films, Unterland Flexible Packaging

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