The Constitutional Court (VfGH) has rebuffed Heinrich Staudinger, the shoe and furniture producer from Waldviertel (Lower Austria). The businessman believes that businesses should be independent from bank loans and freed from debt. The examination of his complaint was rejected. Since 1999, Mr Staudinger has been able to collect 3 million euros from family, friends and […]
In an ongoing battle with the Austrian Financial Market Authority (FMA) over crowdfunding the shoe entrepeneur Heini Staudinger has said that he will not back down and he is prepared to go to prison. Staudinger believes that businesses should be independent from bank loans and freed from debt. Since 1999 he has been able to […]
Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing […]
Salaries in Austria will rise this year, according to an internationally operating personnel consulting firm.Aon Hewitt said today (Weds) Austrian businesses would pay three per cent more to their staff this year than in 2010. Aon Hewitt spoke with decision-makers at 42 Austrian firms of various branches. Aon Hewitt stated around half a year ago […]
Austria has been left behind by Belgium in the European Commissions (EC) latest Innovation Union Scoreboard.Austria comes seventh in the ECs 2010 edition of the study which examines the conditions for innovations in the European Unions (EU) 27 member countries. The country came sixth in 2009 but has been overtaken by Belgium in the most […]
Ball guests expenditures will pour more than 70 million Euros into the Viennese economy this winter, according to research.The citys Economy Chamber (WKW) said today (Mon) ball guests spending on tickets, taxi rides and visits to the hairdresser will help the citys businesses to around 74 million Euros in the upcoming ball season.WKW said it […]
The Austrian trade industry is showing signs of recovery as exports and imports soared year on year in April.Statistik Austria announced today (Fri) foreign trade businesses reported a 13.6 per cent improvement in export rates last April compared to the same month of 2009. This improvement follows a 9.6 per cent year on year plus […]
A traffic light warning device propping up a controversial noise-reduction law has gone into operation outside bars and restaurants in Vienna.Flashing red when revellers get too noisy, Social Democratic (SPÖ) councillor and the partys Innere Stadt district vice chief Daniela Stepp said they hoped the “WUFI” project will lead to a decrease in conflicts between […]
Spice producer Wiberg had a record turnover last year despite reducing the number of staff, it was announced today (Weds).The Salzburg firm said it managed to increase its annual turnover by two million Euros year on year to 122 million Euros despite the ongoing economic crisis in 2009. The number of employees meanwhile declined from […]
Bosses at the Bank für Tirol und Vorarlberg (BTV) said today (Fri) the institutions profit had soared year on year in 2009 after what they described as “a very difficult 2008”.The provincial banks annual profit before taxes jumped by 2.3 per cent last year compared to 2008 figures to 51.3 million Euros.BVT increased its equity […]