Strabag boss Hans Peter Haselsteiners ambitious bid to break the Austrian Railways (ÖBB) monopoly will start next year.The construction business entrepreneur announced today (Thurs) that his private Westbahn railway service between Vienna and Salzburg was set to operate from December 2011.Haselsteiner whose firm Strabag is one of the biggest players in European construction industry […]
The Austrian tourism industry is in an optimistic mood as more than four in ten hotel managers expect more overnights this summer.Thomas Reisenzahn, general secretary of Austrian Hotel Industry Association (ÖHV), said today (Thurs) 41 per cent of hoteliers are braced for more guests this season compared to last summer.He stressed only 13 per cent […]
Georg Kapsch is rumoured to follow Veit Sorger as president of the Federation of Austrian Industries (IV).Business newspapers report today (Weds) that the head of IT firm Kapsch TrafficCom AG has the best chances of heading the body. Sorgers term only ends in around two years, but the institution is allegedly interested in clarifying the […]
Flat prices jumped in “crisis year” 2009 as many see condominiums as a safe haven for their money, according to a business expert.Thomas Malloth, head of the Federal Economic Chambers (WKO) real estate department said today (Weds) the value of owner-occupied flats rose by 3.5 per cent from 2008 to 2009.”Strong demand, especially in conglomerations, […]
Viennas famous Spanish Riding School (SRS) has caused a media storm with reports today (Tues) claiming the institution suffered losses of 400,000 Euros last year.Two of the SRSs four head riders suspended from work in 2009 after being at odds with SRS boss Elisabeth Gürtler were still on full wages report the dailies and says […]
Customers of an Austrian supermarket chain will be able to order hydro energy supply while buying their foodstuff.Bosses at Merkur said today (Tues) shoppers would be offered contracts with Styrian provider Unsere Wasserkraft, a subsidiary of Energie Steiermark, at its shops as of now.Merkur is part of the German Rewe Group which also includes market-leading […]
Kapsch TrafficCom earnings jump
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Austrian IT firm Kapsch TrafficCom AG has reported a rise in earnings.The road toll specialist said today (Fri) net earnings soared from 16.4 million Euros to 36.5 million Euros year on year in the 2009/2010 business year.The company which is listed on the Vienna Stock Exchange (WBAG) also said turnover improved by eight […]
Austrian Airlines (AUA) and Lufthansa are considering raising their ticket prices this summer, according to reports.Austrian business media write today (Fri) that tickets for continental flights by AUA will cost between 10 Euros and 20 Euros more from 1 July, while Lufthansa ticket prices will be upped by 22 June.Reports also have it that the […]
Top Vienna eatery shuts over debts
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One of Viennas most famous restaurants is set to shut down with bosses of the “Drei Husaren” eatery filing for bankruptcy.Tanja Schartel of the Federal Creditors Protection Association (KSV 1870) said today (Fri): “The closure is scheduled and staff have been informed about their dismissal.”Uwe V. Kohl GmbH & Co. KG, the managers of the […]
US Ambassador makes investment appeal
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The US Ambassador to Vienna has encouraged Austrian firms to invest in the USA.William C. Eacho said at a Vienna business event hosted by the Austrian Economy Chambers (WKO) Foreign Trade Department (AWO) yesterday (Thurs) that the US economy would continue to recover.”(US President Barack) Obamas long-term reforms will bring the country back on track […]