A former BAWAG PSK (BAWAG) manager could take over at Volksbank AG (ÖVAG), according to reports. Business dailies claim today (Weds) that ex-BAWAG vice chief Stephan Koren – whose late father Stephan sen. served as Austrian People’s Party (ÖVP) finance minister between 1968 and 1970 – could be asked by the state to succeed Gerald […]
Vienna is no longer one of the 10 richest regions in Europe. Eurostat, the European Commission’s (EC) statistics and research organisation, announced yesterday (Tues) that Vienna made 11th place in its latest check covering the whole European Union (EU). Eurostat said the Viennese area’s economic power was 161 per cent if 100 per cent was […]
People’s Party (ÖVP) Finance Minister Maria Fekter has admitted that another Austrian bank may need more money. Fekter told radio Ö1 on Saturday that KA Finanz could have a demand of one billion Euros. The finance institute was created in 2008 as the bad bank of nationalised Kommunalkredit. Fekter’s statement comes shortly after her party […]
Carinthia’s busiest aerodrome may soon have to do without any subsidies. The European Commission (EC) announced yesterday (Weds) it started examining the funding policy of German provinces and the Austrian province of Carinthia. The authority’s competition regulation watchdogs want to find out whether airports which had not been subsidised by provincial governments and city halls […]
Homeless people are queueing up for free rooms in an Austrian brothel after owner Peter Laskaris said it would be unfair not to do everything he could during the current cold spell. Laskaris, owner of the Red Rooms Laufhaus in the Austrian capital Vienna, has opened his door to the homeless as temperatures of minus […]
A real estate manager has said he expects Viennese property prices to climb further. Johannes Meran, who heads the administration board of Vienna-based property developer Conwert Immobilien Invest AG (Conwert), told the Kurier newspaper today (Mon): “I think the price for owner-occupied apartments in Vienna will continue to rise. Increases of five to 10 per […]
Vienna takes fifth place in a survey checking European city’s tourism competitiveness. German consulting group Roland Berger investigated the marketing efforts of 24 capital cities in Europe in their battle for vacationers. The firm’s study also considered economic aspects. Roland Berger ranked Vienna in fifth place, neck and neck with Berlin in Germany. Paris in […]
Vienna has retained its reputation as the most liveable city in the world in a global consulting group’s latest investigation. Mercer said today (Tues) the Austrian capital made first place in its Quality of Living Survey 2011. Zurich in neighbouring Switzerland remains in second place followed by Auckland, New Zealand, and Munich, Germany. Dusseldorf in […]
Cars lacking eco-friendly engine systems should be kept out from Vienna form 2013, a Green Party official has suggested. Rüdiger Maresch said today (Fri) owners of cars with excessive carbon emissions could be blocked from entering the federal capital in less than two years by creating a new motorised traffic rules system. The Vienna Greens […]
Hotels in Vienna are not bucking the European trend of decreasing prices, an investigation has shown. International holiday platform Trivago, which manages the Trivago Hotel Price Index (THPI), announced that a double room in the Austrian capital costs 133 Euros this month, down by seven per cent compared to last month. The average hotel price […]