The chiefs of Austrias biggest banks ensured they would not reduce investments in financially struggling Greece.Raiffeisenzentralbank (RZB) boss Walter Rothensteiner said after a meeting with the heads of Austrias other four major banks and Peoples Party (ÖVP) Finance Minister: “We will not speculate against Greece, and we wont reduce our investments in the country.”Austrian banks […]
Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austrias industrial branch to grow “by at least four per cent” this year.Bruckbauer said today (Thurs) preliminary figures showed a record increase from foreign companies in demand for Austrian industrial firms products this month.”These developments confirm that Austrias industrial branch is to become a decisive […]
Austria failed to reach the European Unions (EU) research investments benchmark of three per cent, it has been exposed.Federal statistics agency Statistik Austria said today (Thurs) it expected the government to spend 7.805 billion Euros on research and development this year. This figure would make only 2.76 per cent of the countrys gross domestic product […]
The candidacy of Barbara Rosenkranz in the upcoming presidential elections will not damage Austrias reputation abroad, a top political scientist has said.Salzburg-based Reinhard Heinisch, who lived and lectured in the United States for many years, said yesterday (Sun): “Austria is a relatively small and unimportant country. It is a problem Austria is getting linked with […]
Almost 1,500 traffic accidents happened over the Easter weekend in Lower Austria.Officials however said today (Mon) the holidays had been “relatively quiet” as far as the number of car crashes was concerned.Stefan Spielbichler, a spokesman for rescue officials in Austrias biggest province, said no one had died on Lower Austrian roads since Good Friday.The Federal […]
Hermine Brummeir is set to become Upper Austrias oldest library member as she prepares to celebrate her 100th birthday.The century-old Librarian at the public library in Wels, Upper Austria, is still spry and for more than 40 years has been checking out books, especially detective stores which are her special passion.She also does dozens of […]
A new 162 kilometre long St. James pilgrimage route from Mikulov in the Czech Republic to Krems, Lower Austria, will formally open on Easter Monday, it was announced today (Mon).The opening ceremony and blessing of the route will take place in Großrußbach.The route, which will go through Drasenhofen, Mistelbach, Großrußbach and Stockerau in Lower Austrias […]
A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]
Austrian banks benefited from their investments in Central and Eastern Europe last year, it was claimed today (Thurs).Andreas Ittner, director of the Austrian National Bank (OeNB), said that OeNBs estimate was that the countrys banks had earned 0.9 per cent more year on year in 2009 due to CEE engagements.Ittner said that OeNBs studies had […]
A farmer was seriously injured when he was pinned beneath his tractor yesterday (Thurs), police said.The 71-year-old man was driving through woods near Neusiedl in Lower Austrias Zwettl district when his tractor veered off the track and rolled down a four-metre embankment, rolling over twice.He was thrown from the tractor and ended up pinned underneath […]