Social Democratic (SPÖ) General Secretary Günther Kräuter has said the possible publication of a “list of disgrace” to increase the pressure on tax dodgers has his party’s unequivocal support. Kräuter told broadcaster ORF yesterday evening (Tues) he backed the idea of Labour Chamber (AK) officials. Leading AK members said Austria should follow the example of […]
Michael Häupl, the mayor of Vienna, has spoken out against a political reform affecting the presidential office. The head of Vienna’s Social Democrats (SPÖ) said yesterday (Tues) the functions and responsibilities of the president of the Republic of Austria could only be changed by holding a referendum since the position’s duties and responsibilities were part […]
Around 3,000 people may lose their jobs in Austria as a leading drugstore chain declared itself bankrupt. It was reported last Friday that discounter Schlecker may be forced to stop operating due to declining turnover. The German company announced yesterday (Mon) it opted for starting controlled insolvency procedures in a bid to stay in business. […]
It will take another two years until the Austrian economy grows by two per cent, a Viennese institute has warned. The Institute for Economic Research’s (WIFO) five-year forecast – which was presented yesterday (Mon) – shows that the Austrian economy could grow by two per cent from 2013 to 2014. WIFO research reveals that the […]
Erwin Pröll has suggested not forgetting about the office of the federal president when it comes to making cuts. The provincial governor of Lower Austria – one of the most influential members of the conservative People’s Party (ÖVP) – said yesterday (Mon) Austria should consider introducing a model similar to the one used in Switzerland. […]
A parish priest who encouraged clergymen to be “disobedient” towards the Vatican plans to go international. Helmut Schüller of the Preachers’ Initiative said yesterday (Sun) that “2012 will be the year of internationalisation”. Schüller – who previously headed Caritas Austria – said the Austrian Roman Catholic Church should “finally take members seriously”. Schüller criticised the […]
Another leading credit rating agency has confirmed Austria’s excellent financial condition. US American rating agency Fitch said yesterday (Tues) it decided to keep Austria’s rating at AAA, the best possible estimation agencies issue on the financial trustworthiness and stability of a country or a company. Some experts warned that Fitch might consider downgrading Austria due […]
Austrian hotels are reducing their investments, according to a bank focusing on financing tourism projects. The Austrian Hotels and Tourism Bank (ÖHT) said yesterday (Tues) it provided hotels across the country with loans worth 880 million Euros in 2011. The tourism industry businesses financed 1,800 renovation, restoration and expansion projects with the funds, according to […]
Austria benefited the most by the introduction of the Euro, according to an investigation. The German department of internationally operating consulting group McKinsey examined the economic performance of the 17 members of the Eurozone to determine which nation prospered the most. Twelve European Union (EU) states including Austria are the Eurozone’s founding members as they […]
Austrians acquired less fuel last year, according to a traffic research organisation. The Austria Traffic Club (VCÖ) said yesterday (Sun) around 9.6 billion litres of petrol were sold in 2011, down from 9.7 billion litres in the previous year. An all-time record was achieved in 2005 when 10.2 billion litres were sold across the country, […]