Telekom Austria (TA) boss Hannes Ametsreiter has called for more investments in the education sector.The businessman said today (Thurs) Austria must “urgently” think about how to improve the education system.”We must spend more on education if Austrian firms want to be able to compete internationally. Austria has always had a high creative potential. We must […]
Nissan recalls more than 3,000 cars
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More than 3,000 Nissan drivers have been affected by a massive recall by the Japanese car maker, it has emerged.The company said today (Thurs) it contacted 3,283 owners in Austria as part of its call-back of around 2.1 million models worldwide. Fears that an electronic device could cause a sudden outage of the vehicles engines […]
Ryanair to axe Frankfurt – Vienna link
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Ryanair announced today (Weds) it will stop operating flights between Frankfurt and Klagenfurt from next March.The Irish no frills airline explained its decision to axe the route connecting the German city and the Carinthian capital as a reaction to the German governments decision to levy a tax of eight Euros on tickets for flights from […]
Furniture megastore chain XXXLutz bosses have described the firms upcoming expansion to Sweden as an “emotional highlight”.The Wels-based company will open its first shop in the homeland of global market leader Ikea next month. Around 300 staff will find work in the 25,000-square-metre store in the southern city of Malmo from 4 November.Thomas Saliger, the […]
Vorarlberg confident of spending power
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Residents of Vorarlberg are putting more trust in their own spending power than last year, according to new research.Dornbirn-based agency Team a5 found that 64 per cent of interviewed people rated the spending power of people living in the province as “good” or “excellent”, up by 16 per cent year on year. The study also […]
A-Tec Industries AG boss Mirko Kovats will spend his own assets to save his struggling company, according to a report.Business newspaper WirtschaftsBlatt reported today (Weds) that the businessman will contribute a “substantial amount” to get the firm back on track.Kovats sent shock waves through the Austrian economy last week when he informed shareholders that he […]
Greek challenge hits TA’s Serb bid
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Telekom Austrias (TA) efforts to acquire a majority of Serbias state-owned telecommunications company have suffered a significant throwback.The countrys federal Minister of Telecommunications and Information Society Jasna Matic confirmed reports that the government has been in talks with Greek firm OTE over the purchase of a 20 per cent share in Telekom Srbija.TA was being […]
DO&CO turnover takes off
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Austrian caterer DO&CO managed to raise its turnover and earnings in the first half of the current business year.The company, which is headed by Attila Dogudan, said today (Tues) its turnover soared by 21 per cent year on year between April and September 2010 to 222.7 million Euros. It added earnings before interest and taxes […]
Lugner legal bid for Sunday shopping
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A Viennese entrepreneur has revealed plans to launch legal action over the Austrian Sunday shopping ban.Richard Lugner, whose Lugner City shopping centre opened in 1990, said today (Tues) he had assigned a lawyer to file a complaint to the Federal Constitutional Court (VfGH) about current regulations.Federal law disallows shops of all kind to do business […]
FlyNiki CEO Niki Lauda has claimed the new ticket levy could decrease his firms annual turnover by 10 million Euros.The businessman, who founded airline FlyNiki in 2003, said today (Tues): “I expected FlyNiki to have four million passengers this year. The tax might reduce our customer number by 100,000. This would mean 10 million Euros […]