Common belief that the economic downturn is to blame for most bankruptcies has been debunked by an insolvency expert.The Creditors Protection Association of 1870 (KSV) announced today (Thurs) that only 19 per cent of all of last years 6,376 business bankruptcies had firm-external and crisis-related grounds.The organisation claimed 44 per cent of all of the […]
Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company which also runs factories in Austria and Sweden among other countries announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]
Many Austrian businesspeople are questioning investigations indicating that bribery is rampant in the country, a new survey shows.Research group Ernst & Young interviewed more than 100 Austrian employees and company chiefs as part of its European Fraud Survey 2011. The agency said today (Weds) only 34 per cent of polled Austrians believe corruption is common […]
The number of Austrians spending their vacation within the country may decline, a travel poll suggests.Europ Assistance said today (Weds) 64 per cent of interviewed Austrians said they planned to go on holiday this summer, up by three per cent from last year. The insurance company said that just 20 per cent of them had […]
Vienna hotels introduce sharp price hike
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Hotels in Vienna are charging nearly 20 Euros more per night than resorts in Salzburg, a survey has revealed.Holiday information platform Trivago (www.trivago.co.uk/hotelprices) which constantly compares the prices for standard double rooms in Europes largest cities and most important vacation destinations announced today (Weds) that one night at a hotel in the Austrian […]
The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
AIDS drug called back over musty smell
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US American company Johnson & Johnson (J&J) has recalled HIV/AIDS drug Prezista in several European countries including Austria after customers reported a mouldy odour.American papers report today (Mon) that the pharmaceutical industry giant decided to call back the 400 milligram (mg) and 600 mg doses of the pill in Austria, Germany, Ireland and Great Britain.A […]
AUA put off by on-board food poll
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Austrian Airlines (AUA) has suffered a devastating defeat in a global check on carriers culinary offerings.The former federal flagship airline came just 24th out of 30 aviation companies in the test carried out by users of website Airlinemeals. Korean Air tops the chart with 7.9 out of a maximum 10 points ahead of Emirates (7.6) […]
One in five Austrian judges is at risk of suffering from burnout, a study has concluded.The survey carried out by the ARGE Burnout group and experts of the Medical University in Graz, Styria was presented today (Thurs). Researchers questioned more than 700 judges.The investigation shows that around 20 per cent are threatened by […]
RHI profit plummets
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Fireproof products manufacturer RHI AG has said it is optimistic about the coming months despite the setback the firm experienced at the beginning of this year.RHI announced today (Thurs) it achieved a profit of 18.3 million Euros in the first quarter of 2011, down by 14.9 per cent compared to the same period of last […]