A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]
Businessmen in better mood
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The mood among businessmen in Austrias retail trade sector has improved, according to consulting firm KMU Forschung Austria.Georg Toifl, the head of its retail trade division, said today (Fri): “We are experiencing a trend reversal.”He said business would continue to pick up in the second quarter of 2010 but warned against “euphoria” since investment was […]
JoWooD highscore in 2009
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Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]
AUA ‘keeps Moscow landing rights’
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Austrian Airlines (AUA) will continue to have permission to land in Moscow, according to a newspaper report.Austrian daily Die Presse reports in its edition from today (Fri) that the company keeps its rights to offer connections to Russia.Russian Prime Minister Vladimir Putin had publicly questioned the bilateral agreement once made between the Austrian and the […]
Vienna International Airports (VIA) turnover and earnings dropped in 2009 in a year overshadowed by the revelation that the cost of construction of a new terminal may double.The Austrian Audit Office (RH) is examining VIAs books after the press reported that the cost of building the new “Skylink” terminal could reach 830 million Euros instead […]
Austrian banks benefited from their investments in Central and Eastern Europe last year, it was claimed today (Thurs).Andreas Ittner, director of the Austrian National Bank (OeNB), said that OeNBs estimate was that the countrys banks had earned 0.9 per cent more year on year in 2009 due to CEE engagements.Ittner said that OeNBs studies had […]
A new Cineplexx cinema is to open in Matterburg, Burgenland, this Friday.Managers said the cinema the 29th of the Cineplexx branch in Austria will feature five halls with 700 seats overall. All screens would be 3D-ready, it was announced.Construction of the complex cost around four million Euros.Andrea Zänglein, head of the union of […]
Warimpex earnings tumble
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Real estate developer Warimpex fell deeply into the red last year, company bosses announced today (Weds).Franz Jurkowitsch, head of the Vienna-based firm that focuses on hotel development in Central and Eastern Europe (CEE), said it had lost 71.77 million Euros in 2009 compared to losses of 3.41 million Euros in the previous year.Jurkowitsch said that […]
Snowboard, surfing equipment and clothing chain Blue Tomato will open a 1,000-square-metre flagship store in Vienna this autumn.Company officials announced today (Weds) that renovation of a former Niedermeyer store on Neubaugasse in the citys Neubau district had already begun. The plan was to open the new shop in September, they added.The Styrian firm plans to […]
Immofinanz on road to recovery
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Vienna-based real estate firm Immofinanz managed to keep its turnover stable in the first three quarters of its 2009/2010 business year (1 May to 30 April).Company officials said today (Weds) it had had turnover of 552.8 million Euros, down by just 0.47 per cent compared to its turnover during the same period of its previous […]