Andreas Bierwirth is about to leave the executive board of Austrian Airlines (AUA), according to reports. Several Austrian business dailies report today (Fri) that the businessman’s contract will not be extended. The supervisory board of Lufthansa – which rescued AUA from ruin in 2009 – is understood to debate the details of Bierwirth’s departure in […]
A finance institute the state rescued from ruin in 2008 is in need of more money, according to the finance minister. People’s Party (ÖVP) Finance Minister Maria Fekter admitted yesterday (Tues) that Kommunalkredit – which was nationalised shortly after the collapse of US investment bank Lehman Brothers caused a global crisis – must be funded […]
A renowned businessman has explained why he is ready to financially support a new political movement. Frank Stronach, the founder of automotive industry giant Magna International, made headlines a few days ago by claiming to be determined to provide a new political party of young people with “a lot of money”. Now the Austrian-Canadian entrepreneur […]
The European Commission (EC) has appealed to Austria to abolish the various hindrances immigrants are facing on the country’s labour market. EC officials decided yesterday (Mon) to issue a warning to the Austrian government coalition of Social Democrats (SPÖ) and People’s Party (ÖVP) as well as to Austrian private economy decision-makers. EC experts said highly […]
Some 348 Austrian wine producers and experts will exhibit at Germany’s biggest wine fair in March. Wine growers, cooperatives and wine and sekt producers will take part in the “Pro Wein” event from 4 to 6 March in Dusseldorf. The International Trade Fair of Wines and Spirits entitled “Pro Wein” in Germany is an event […]
Following on from the regions of Eisenberg, Mittelburgenland and Lethaberg, Neusiedler See has become the most recent DAC labelled wine appellation in the state of Burgenland, Austria. The details were set in stone in the Burgtheater in Vienna yesterday (Thurs). The DAC or “Districtus Austriae Controllatus” which comes from the Latin for “Controlled District of […]
Austrian wine is proving increasingly in the world wine market. On the International Wine-Growers Day in Großriedenthal, Austria, this week hundreds of producers gathered to discuss further export opportunities, particularly in East Asia. Despite a low yield throughout the course of the year the last two years have seen record exports of wine from Austria […]
The Viennese city coalition plans to crack down on early retirement. Social Democratic (SPÖ) Mayor Michael Häupl announced yesterday (Tues) that he wanted to increase the average pension age of the capital’s public servants from the current 56 to 60 years. Häupl did not disclose when the four-year increase should be achieved. His announcement came […]
A Green Party member’s decision to confront the government with an ultimatum did not remain without reactions. Peter Pilz said at the weekend it was time to increase the pressure on the Social Democrats (SPÖ) and the People’s Party (ÖVP) for stricter anti-corruption regulations and an effective party funding regulative. The parliament member (MP) told […]
Traffic researchers and motorists’ associations are at odds over how to react to rising fuel prices. Investigations by car club Arbö show that the average price for one litre of diesel fuel reached a four-year record last Monday at 1.397 Euros. The price for petrol shot up too, according to the association. Arbö and ÖAMTC, […]