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Business News Minimize
Local Business News is researched, written and read by Rosa Moreno.
 
ARA City Radio is not a news gathering service, but gets its business news from various legitimate sources.
 
If you have a business news story worth reporting then send the story to us at aracity@pt.lu
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TANGO

The national data protection commissioner says there are significant shortcomings in Tango’s online billing system.  Gerhard Lommel says his staff have already found several ways to hack Tango client’s accounts.  The mobile phone operator published the personal information of 5 customers accidently online earlier this week.  But Mr Lommel has praised Tango’s swift reaction to solve the problems.

 

SES ASTRA

SES Astra has taken delivery of a 6 tonne dish.  A special crane is being brought in today to set the dish on its mount.  The dish was brought to the SES Astra HQ at Betzdorf by road from Cloche d’Or earlier this week.  It’s the first time a dish of this size, 6 meters across, has been moved by road here.


BGL BNP PARIBAS

BGL BNP Paribas is making banking by mobile phone available to its customers.  Owners of the latest generation of phones will be able to check their account balances, make transfers and evaluate loans and investments anywhere and anytime.  They’re even offering an Ap for i-phone owners which will tell them where the nearest cashpoint is.


TANGO

Mobile phone provider Tango has suffered a breach of security, according to reports by local Radio Station 100,7.  Customer details were posted on one of Tango’s websites.  Amongst the material posted was billing information, pin numbers and PIN unlock key numbers.  Tango has removed the site from the net and refused to confirm the reports.  100,7 says the matter is currently being investigated by the National Data Security Commission.

 


RTL

Broadcasting group RTL has announced strong results last year despite the recession.  RTL made 298 million euros last year, almost exactly the same as it made in 2008 when business conditions were far better.  Turnover dropped by about 6% however, but better cost management kept profits up.  RTL boss Gerhard Zeller said advertising revenues dropped significantly in the fist half of last year, but bounced back in the second.  But he says they’re still not back to the levels of two years ago.

 

CARGOLUX

Employment minister Nicolas Schmit has rejected the collective agreement negotiated by management and unions at Cargolux.   The reason is that there is a dispute between the LCGB and OGBL unions over how Cargolux workers are represented  94% of OGBL members at Cargolux have rejected the agreement which has already been signed by the LCGB on behalf of its members.  The minister has ruled that despite a majority of employees, represented by the LCGB, approving the agreement, the minority represented by the OGBL effectively retain a veto.


MPK NEWSAGENTS

And MPK newsagents say they are planning to cut 30 jobs out of a workforce of 120.  The newsagent enjoys a monopoly in Luxembourg and it says the restructuring is to bring its working practices up to date.  MPK’s owners, Valora of Switzerland say their revenues from tobacco sales have declined sharply in the last decade.

 


LUXAIRPORT

Luxairport says passenger numbers dropped by 9% last year.  Just over 1 ½ million passengers passed through the terminal in 2009.  Although this represents a drop in comparison with 2008, it has to be remembered that 2008 was a very strong year with over 1.7 million travellers using Luxairport.  Luxairport’s management say the numbers reflect the general trend in the industry, but that the airport here has fared better than many others. 


 

MARKET ASSOCIATION

Stallholders at the capital’s Place Guillaume market say business is looking up.  They say they’re selling more and more to shoppers looking for fresh fruit and vegetables.  The markets are held on Wednesday and Saturday mornings.  The market president, Nicki Kirsch, is hoping to expand the market and introduce stalls with a greater range of products.  But stallholders say they would like to be able to source more of their fruit and veg from Luxembourg, and have called on the government to raise awareness amongst young people about the joy of growing vegetables.

 


BANQUE DE LUXEMBOURG

The Banque de Luxembourg is launching a new financial service targeted exclusively at women.  14 advisors will be dedicated to recommending and developing investment products tailored to women.  Banque de Luxembourg says female investors are typically more risk averse than men, prefer transparent investment strategies and have different investment horizons.  The bank is the first here to dedicate resources to the area of womens’ banking. 


 

LUX AIRPORT

Unions representing airport workers say they are satisfied with the current level of dialogue with management.  Both sides onw reckon they have sorted out issues  with the level of security staffing there.  Next, unions and management will meet to discuss employees rights in 2 weeks time.

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