Spar Austria head Gerhard Drexel has vowed to keep focusing on organic products due to the strong demand for the supermarket’s own Natur Pur range. Drexel told the Kurier today (Thurs) that his supermarket chain’s Natur Pur portfolio had achieved two-digit growth rates each year since its introduction. The businessman claimed the sale of organic […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has labelled the government’s debt limit bill a “placebo brake” as chances for an accord between the coalition and one of the parliament’s three opposition parties are decreasing. The right-winger said today (Thurs) he was willing to fight for an agreement until Monday but also […]
A soldier from Upper Austria who was seriously injured whilst on operation in Kosovo is to be flown home today (Weds). The KFOR (Kosovo Force) troops came under attack from Serbians in northern Kosovo during a demonstration on Monday afternoon. Boxed in by road blocks the soldiers, who were from Austria and Germany, were pelted […]
The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has warned it would be a “disaster” if Austria lost its AAA credit rating. Austria’s soundness is currently given the best-possible rating by the world’s leading credit rating agencies, Moody’s, Standard & Poors (S&P) and Fitch. Economist Bernhard Felderer recently warned that they could downgrade their outlook for […]
Austria remains Europe’s model pupil as far as unemployment rates are regarded. The country, which joined the European Union (EU) in 1995, had a jobless rate of 4.1 per cent in October, according to research by Eurostat. The agency carries out research for the European Commission (EC). Eurostat said today (Weds) Luxembourg registered the second-lowest […]
Austria’s provinces will be allowed to breach upcoming debt limit regulations in extraordinary circumstances, it emerged yesterday evening (Tues). David Brenner, the financial councillor of Salzburg and head of the council of councillors for financial affairs, announced that the country’s nine provinces were given the right to spend more than scheduled in the next nine […]
Bernhard Felderer has explained why the Austrian government is well advised to fight for a two-third majority approval of its debt limit project. Social Democrats (SPÖ) and People’s Party (ÖVP) are currently trying to convince the Greens and the rightist Alliance for the Future of Austria (BZÖ) that its stricter budget path until 2020 was […]
People’s Party (ÖVP) Finance Minister Maria Fekter is braced for controversial arguments with the financial councillors of Austria’s nine provinces after David Brenner expressed concerns about the government’s debt limit. Brenner – who heads the council of provincial financial councillors – said today (Tues) the federal coalition of Social Democrats (SPÖ) and ÖVP must abstain […]
One of Austria’s biggest breweries decided to increase its consumer prices. Ottakringer – Vienna’s major beer firm – said today (Tues) it would charge three to five per cent more for its products. The price hikes will be felt by shoppers from March, according to business experts. A spokesman for the company claimed that “all […]