Almost one out of five Austrians consider investing in real estate within the next 12 months, according to an investigation. Public opinion agency Integral found that 19 per cent of Austrians planned to spend money on properties in the coming 12 months – five per cent more than in the previous quarter. The research group’s […]
Austria is investigating how much money it could generate by a tax on financial transactions, according to Chancellor Werner Faymann. The chairman of the Austrian Social Democratic Party (SPÖ) told radio station Ö1 this morning (Tues) a team of experts were examining the issue for the government coalition of his party and the People’s Party […]
Hypo Group Alpe Adria (HGAA) managed a solid performance, according to its CEO. Gottwald Kranebitter said yesterday (Mon) the bank could have reached the black in 2011. Kranebitter stressed that final figures for the past year would not be released before March. He said the current course was increasing the chance to find a new […]
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 […]
The feud of the government parties is intensifying after People’s Party (ÖVP) whip Karlheinz Kopf accused the chancellor of engaging in a class war. Kopf told the Kurier yesterday (Sun) that Werner Faymann would have to accept the main responsibility for a possible failure to agree to a savings package within the agreed deadline. Social […]
Austrian Airlines (AUA) has confirmed plans to freeze staff’s wages. Speculations about which measures new AUA chief Jaan Albrecht has in mind as part of his cost reduction strategy have made the rounds for some weeks. Now a spokesman for the company disclosed that the plan was to abolish terms in contracts which guaranteed employees […]
The Labour Chamber (AK) has criticised real estate managers over sharp price hikes. The organisation said yesterday (Weds) that rents for flats rose by 34.5 per cent on average between 2001 and 2010 while the inflation climbed by just 21 per cent at the same time. AK officials called on property dealers to stop charging […]
Salzburg’s Social Democrats (SPÖ) have made their appeal for tuition fees official. The provincial branch of the SPÖ supported a draft bill created by the conservative People’s Party (ÖVP) yesterday (Weds). SPÖ and ÖVP plan to finalise their concept for an appeal to the federal government coalition next week. This decision could intensify the ongoing […]
A downturn of the economy could lead to an increase of illicit work in Austria, an expert on the issue has warned. Friedrich Schneider of the Johannes Kepler University Linz (JKU) said yesterday (Tues) he expected illicit employment to decline by 1.1 per cent this year compared to 2011 if the domestic economy stabilised. Schneider […]
It will take another two years until the Austrian economy grows by two per cent, a Viennese institute has warned. The Institute for Economic Research’s (WIFO) five-year forecast – which was presented yesterday (Mon) – shows that the Austrian economy could grow by two per cent from 2013 to 2014. WIFO research reveals that the […]