Post AG staff benefit from turnover jump

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Business

Austrian postal services provider Post AG has managed to increase its turnover despite lower interest in sending letters. Post AG chief Georg Pölzl said yesterday (Thurs) that the firm’s turnover rose by 4.2 per cent from 2010 to 2011 to 2.3 billion Euros. He explained that his company registered significantly fewer posted letters and postcards […]

Austrian universities flop in global study

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General News

No Austrian university has made the new Times Higher Education Ranking. Vienna University, Austria’s biggest higher education institution, was the only Austrian university listed last year. It was part of the group of universities placed between 91st and 100th in the Times Higher Education Ranking of 2011. The study includes detailed information on the world’s […]

Kapfenberg’s fight against relegation to continue

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Sports

Kapfenberg have kept their chances to avoid being relegated alive. The Styrian club beat Wiener Neustadt in a match which had to be cancelled a few weeks ago when Austria was blanketed by snow. Defender Thomas Schönberger scored the only goal of the game in the 73rd minute. The Austrian Bundesliga will continue with four […]

Kapellari fears clerical split

Categories
General News

An end to the feud between the Austrian Church’s leaders and a “disobedient” group of preachers seems out of reach. Graz Diocese Bishop Egon Kapellari warned from a splitting of the country’s Catholic Church if the Preachers’ Initiative failed to stop its activities. Kapellari appealed on the association of parish priests – which was established […]

Gebrüder Weiss concentrates on CEE

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Business

Gebrüder Weiss CEO Wolfgang Niessner has revealed plans to invest in Austria and the Czech Republic. Niessner said today (Weds) that his company – one of Central and Eastern Europe’s (CEE) leading transport and logistics enterprises – considered expanding some of its facilities. He said that the provinces of Salzburg, Lower Austria and Upper Austria […]

Vienna’s economic strength slides

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Business

Vienna is no longer one of the 10 richest regions in Europe. Eurostat, the European Commission’s (EC) statistics and research organisation, announced yesterday (Tues) that Vienna made 11th place in its latest check covering the whole European Union (EU). Eurostat said the Viennese area’s economic power was 161 per cent if 100 per cent was […]

Revival for rightist Hofburg Palace bash

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Politics

The Freedom Party (FPÖ) has been given the all-clear to host a ball at Hofburg Palace next year. The right-wing faction headed by Heinz-Christian Strache has been accused of failing to disassociate from right-wing extremists and neo-Nazis for decades. Several FPÖ parliament members (MPs) and high-ranking representatives of the party as well as spearheads of […]

RBS back on top

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Sports

Red Bull Salzburg (RBS) and Austria Vienna have caught up with Rapid Vienna at the weekend. RBS beat Rapid 3-1 on Saturday before Austria Vienna – who are coached by ex-Sturm Graz captain Ivica Vastic – celebrated a 2-1 win over FC Admira. All three teams now count 38 points. ÖFB Cup champs SV Ried […]

Bank bankruptcy law planned

Categories
Finance

The government intends to change Austria’s insolvency regulations to loosen protective factors banks have so far benefited from. Several bankers – including Andreas Treichl, the head of market leader Erste Bank Group AG (Erste Bank) – have spoken out in favour of a reform of the financial sector bankruptcy law. Austrian law fails to feature […]

Cold snap causes higher jobless rate

Categories
Business

The number of unemployed people is on the rise in Austria. Statistik Austria announced yesterday (Thurs) that 310,000 residents of the country had no job in February. This is an increase of 6.1 per cent compared to the same month of 2011. Styria experienced the strongest increase among Austria’s nine provinces at 9.4 per cent. […]