Shangri-La makes shock U-turn over Vienna hotel project

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Business

The future of a planned five-star hotel in Vienna is uncertain after Asian hotel chain Shangri-La pulled out.Real estate developer Bauträger Austria Immobilien GmbH (BAI) said today (Weds) it was “totally surprised” about Shangri-La’s decision to cancel their contract, saying the cooperation has so far been “very good”. BAI made clear: “The contract cannot be […]

Foreign tourists rescue hotels’ overnight stays result

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Business

More holidaymakers from abroad helped Austrian hotels to a slight increase of overnight stays so far this winter, new figures show.State agency Statistik Austria said today (Weds) that the number of overnight stays edged up by 0.8 per cent to 27.81 million between November and January compared to the same period of the previous winter […]

Palfinger supervisory board changes ahead

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Business

The supervisory board of crane producer Palfinger AG is going to hand control over to the next generation as two members will be replaced my much younger counterparts.The firm, which has its headquarters in Salzburg, said today (Weds) that Hannes Palfinger, 37, and Stiegl brewery boss Heinrich Dieter Kiener, 54, will join the panel next […]

TA’s 2010 turnover down, say analysts

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Business

Telekom Austria (TA) may have suffered a decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) and turnover last year, according to leading analysts.Experts of Erste Bank, Bank Austria (BA) owner UniCredit and Raiffeisen Centrobank (RCB) said today (Tues) that they had expected Austria’s leading provider of telecommunication services and mobile connections to have […]

Hotel Sacher boss eyes rival’s €85mn stake

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Business

Hotel Sacher boss Elisabeth Gürtler has set her sights on a leading hotel management group, it has emerged.Austrian business newspapers report today (Tues) that the businesswoman is considering acquiring the 52.1 per cent stake that the B&C Holding is currently holding in the Imperial Hotels Austria AG.Such a move would put Gürtler in charge of […]

Vienna edges down in global quality of living study

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General News

Vienna has dropped from second to third place in a ranking of the most liveable cities in the world.The Economist Intelligence Unit (EIU) announced today (Tues) it considered the Canadian city of Vancouver – which hosted the 2010 Winter Olympics – as the best place to live on the planet for a fifth year in […]

Cigarettes worth €7,000 found in parked car

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General News

Police in the Austrian-Italian border region are investigating after finding cigarettes worth 7,000 Euros in an abandoned car.Officials in the southern province of Carinthia said today (Tues) that police officers discovered 248 cartons of cigarettes in a vehicle parked at a motorway rest stop car park near Völkermarkt.The tobacco products were confiscated after a check […]

More Muslims mean more sheep farmers

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Business

The increasing number of Muslims living in Austria has been identified as one of the reasons for more lamb meat demand.The Styrian Sheep Breeders Association said today (Tues) that 25 per cent more lamb meat than two years ago is currently being sold in Austria. Soaring interest in regional and organic products but also more […]

National team ticket trio a top seller

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Sports

Special ticket packages for Austria’s upcoming Euro2012 qualification home matches are selling like hot cakes, it has been reported.More than 35,000 of the sets of tickets which give fans the chance to watch the team play against Belgium (25 March), Germany (3 June) and Turkey (6 September) have already been sold, the Austrian Football Association […]

Serial vending machine thief nabbed

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General News

A Romanian man suspected of stealing coffee machines worth tens of thousands of Euros in Austria has been arrested in his homeland.Daniel D. was caught in the city of Iasi in north-eastern Romania, according to the Romanian Times online newspaper. Austrian authorities issued a European arrest warrant on his name after finding out that he […]