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 […]
The Austrian Industrial Association (IV) is calling for car tolls rather than for an increase in taxes on car fuel, according to todays edition (Fri) of news magazine Format.IV General Secretary Markus Beyrer is quoted as calling tolls based on the number of kilometres driven “a more intelligent alternative.”He said tolls could be staggered in […]
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 […]
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 […]
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 […]
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 […]
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 […]
Austrian prosecutors will continue to investigate lobbyist Alfons Mensdorff-Pouilly, it has emerged.Mensdorff-Pouilly, who owns real estate in Austria and Scotland, has returned to Austria after spending five days in custody in London last month.The husband of former Peoples Party (ÖVP) Health Minister Maria Rauch-Kallat was accused of bribery and facilitation of corruption, but Britains Serious […]
An internet search engine co-founded by an Austrian company has been sold to French yellow pages firm Pages Jaunes, it was announced today (Weds).Vienna-based firm i5invest and international enterprise GCP gamma capital partners, which has an office in the Austrian capital, founded 123people two years ago.The companies have remained tight-lipped about price, while German business […]