It will take another two years until the Austrian economy grows by two per cent, a Viennese institute has warned. The Institute for Economic Research’s (WIFO) five-year forecast – which was presented yesterday (Mon) – shows that the Austrian economy could grow by two per cent from 2013 to 2014. WIFO research reveals that the […]
Around 3,000 people may lose their jobs in Austria as a leading drugstore chain declared itself bankrupt. It was reported last Friday that discounter Schlecker may be forced to stop operating due to declining turnover. The German company announced yesterday (Mon) it opted for starting controlled insolvency procedures in a bid to stay in business. […]
The Schladming ski resort in Styria will host the Ski World Cup Men’s Night Slalom tonight (Tuesday). The Planai mountain in Schladming in the Liezen district is a well known ski region and has a ski world cup slope that has been prepared for the event. Over 30,000 tickets have been sold in advance, the […]
A parish priest who encouraged clergymen to be “disobedient” towards the Vatican plans to go international. Helmut Schüller of the Preachers’ Initiative said yesterday (Sun) that “2012 will be the year of internationalisation”. Schüller – who previously headed Caritas Austria – said the Austrian Roman Catholic Church should “finally take members seriously”. Schüller criticised the […]
By Rebecca Musgrave Having previously made family holidays easier on parent’s nerves, the Babyhotel in Trebesing, Austria, is now making holidays that little bit easier on the wallet. With two day ski passes for children normally costing around 40 Euros, a family of five will not always find it easy to enjoy the country’s winter […]
Austrian women have taken their clothes off in protest against the building of a railway tunnel south of Vienna. Countryside protection organisation “Alliance for Nature” has bought out a scantily clad calendar in efforts to prevent the building of the Semmering base tunnel. The historical Semmering mountain railway was built in 1854 and since 1998 […]
Austria benefited the most by the introduction of the Euro, according to an investigation. The German department of internationally operating consulting group McKinsey examined the economic performance of the 17 members of the Eurozone to determine which nation prospered the most. Twelve European Union (EU) states including Austria are the Eurozone’s founding members as they […]
Austrian hotels are reducing their investments, according to a bank focusing on financing tourism projects. The Austrian Hotels and Tourism Bank (ÖHT) said yesterday (Tues) it provided hotels across the country with loans worth 880 million Euros in 2011. The tourism industry businesses financed 1,800 renovation, restoration and expansion projects with the funds, according to […]
Austrian Airlines (AUA) chief Jaan Albrecht has asked the airline’s business partners and lawmakers in Austria for help in combating the crisis. Albrecht said yesterday (Tues) he was determined to fly back into the black this year but also made clear that aviation security authorities, Vienna International Airport (VIA or VIE) and other institutions had […]
Another leading credit rating agency has confirmed Austria’s excellent financial condition. US American rating agency Fitch said yesterday (Tues) it decided to keep Austria’s rating at AAA, the best possible estimation agencies issue on the financial trustworthiness and stability of a country or a company. Some experts warned that Fitch might consider downgrading Austria due […]