The ski resort of Kitzbühel in Tyrol, Austria is hoping to provide visitors with both a luxurious snowy and foodie experience this winter season with their snow pass packages. The legendary resort is known not only for its 170 kilometres of ski slopes but also for its high class gastronomy. The 60 runs are accompanied […]
Almost one out of five Austrians consider investing in real estate within the next 12 months, according to an investigation. Public opinion agency Integral found that 19 per cent of Austrians planned to spend money on properties in the coming 12 months – five per cent more than in the previous quarter. The research group’s […]
Upper Austrian People’s Party (ÖVP) Governor Josef Pühringer has put the federal government’s cost reduction course into question. Pühringer said today (Tues): “Everybody who thinks that subsidies could be reduced by billions of Euros is wrong.” The ÖVP wants to reduce the state’s annual spending on private and public companies, cultural institutions and various organisations […]
Hypo Group Alpe Adria (HGAA) managed a solid performance, according to its CEO. Gottwald Kranebitter said yesterday (Mon) the bank could have reached the black in 2011. Kranebitter stressed that final figures for the past year would not be released before March. He said the current course was increasing the chance to find a new […]
Works council chiefs and unionists are closely observing developments at Schlecker as the German drugstore chain revealed plans to sell its international business. Schlecker officials announced yesterday (Mon) they wanted to put the firm’s foreign activities for sale to ensure meeting creditors’ demands. The Ehingen-based enterprise started controlled insolvency procedures last month. Schlecker, which runs […]
The head of one of Austria’s biggest universities has said the current situation at his institution was “dramatic”. Vienna University of Economics and Business (WU) boss Christoph Badelt explained yesterday (Mon) that the things were becoming increasingly difficult due to a soaring number of students who qualified to sit their final exams. He said the […]
The feud of the government parties is intensifying after People’s Party (ÖVP) whip Karlheinz Kopf accused the chancellor of engaging in a class war. Kopf told the Kurier yesterday (Sun) that Werner Faymann would have to accept the main responsibility for a possible failure to agree to a savings package within the agreed deadline. Social […]
The Labour Chamber (AK) has criticised real estate managers over sharp price hikes. The organisation said yesterday (Weds) that rents for flats rose by 34.5 per cent on average between 2001 and 2010 while the inflation climbed by just 21 per cent at the same time. AK officials called on property dealers to stop charging […]
Salzburg’s Social Democrats (SPÖ) have made their appeal for tuition fees official. The provincial branch of the SPÖ supported a draft bill created by the conservative People’s Party (ÖVP) yesterday (Weds). SPÖ and ÖVP plan to finalise their concept for an appeal to the federal government coalition next week. This decision could intensify the ongoing […]
A downturn of the economy could lead to an increase of illicit work in Austria, an expert on the issue has warned. Friedrich Schneider of the Johannes Kepler University Linz (JKU) said yesterday (Tues) he expected illicit employment to decline by 1.1 per cent this year compared to 2011 if the domestic economy stabilised. Schneider […]