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 […]
Austrian car petrol prices are lower than the European average.German motorists association ACE Auto Club Europa said today (Fri) Turkey topped the ranking with an average 1.88 Euros for one litre of petrol. It said fuel was cheapest in Russia where drivers pay just around 81 cents.ACE Auto Club Europa said car petrol cost an […]
FlyNiki chief Niki Lauda has ditched his plans to sue European aviation authorities over losses suffered from the ash cloud-triggered lockdown of airspace.Lauda told Austrian press today (Fri): “My lawyer gave me a success chance of 60 per cent. I saw a 50 per cent prospect of winning the court case.”The three-time Formula One champion […]
One of Austrias best hotels is set to open its doors again after undergoing an extensive makeover.Steirerhof manager Werner Unterweger said today (Thurs) the five-star resort located in the Styrian spa of Bad Waltersdorf will restart business at the end of this month.Unterweger explained around four million Euros have been invested in improving […]
Niki Lauda is reportedly seeking a new “head sponsor” as the cooperation contract with OC Oerlikon expires at the end of this year.Newspapers report today (Thurs) that the struggling Swiss technology firm will not extend the deal securing it a place on the front of Laudas iconic red baseball cap for an alleged 1.2 million […]
Environmentalists concerns are rising as traffic researchers report a boom in sales of sport utility vehicles (SUVs).Traffic Club Austria (VCÖ) official Christian Gratzer said today (Thurs) there has been a 25 per cent year on year rise in sale figures of the gas-guzzling cars in Austria in the first five months of 2010.Gratzer said most […]
Hannes Androsch has claimed US investor Cerberus Capital Management is considering leaving Austrian BAWAG PSK soon.The Former Social Democratic (SPÖ) finance minister said at a business event last night (Tues) it was possible that the American bank house withdrew its engagement “in the foreseeable future”.Cerberus however is committed to remain on board for at least […]
There have been 1,400 new Austrian exporters since the inception of Go International initiative in April 2009.The figures were revealed by Dr Christoph Leitl and Reinhold Mitterlehnerfrom the Austrian Ministry of the Economy and the Austrian Federal Chamber of Commerce (WKÖ) at the opening of the 8th Austrian Export Day of the Austrian Foreign Trade […]
The number of car registrations dropped year on year last month, but recovered after a dramatic decline in April.Federal statistics agency Statistik Austria announced today (Fri) 2.3 per cent fewer cars had been registered last month compared to the same month in 2009. The number of 29,057 registrations might however be regarded as good news […]
A-TEC Industries has been ordered to deliver devices for a new power plant in Germany.The Vienna-based firm said today (Fri) its subsidiary AE&E will produce and deliver three waste heat boilers worth more than 20 million Euros to the combined cycle power plant in Stade, Lower Saxony.A-TEC Industries, which is headed by Viennese investor Mirko […]