The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
Austria remains Europe’s model pupil as far as unemployment rates are regarded. The country, which joined the European Union (EU) in 1995, had a jobless rate of 4.1 per cent in October, according to research by Eurostat. The agency carries out research for the European Commission (EC). Eurostat said today (Weds) Luxembourg registered the second-lowest […]
Bernhard Felderer has explained why the Austrian government is well advised to fight for a two-third majority approval of its debt limit project. Social Democrats (SPÖ) and People’s Party (ÖVP) are currently trying to convince the Greens and the rightist Alliance for the Future of Austria (BZÖ) that its stricter budget path until 2020 was […]
The Austrian economy will grow less strongly than initially expected, according to the Organisation for Economic Co-operation and Development (OECD). OECD research shows that Austria’s gross domestic product (GDP) will rise by 0.6 per cent from 2011 to 2012. Only in May, the organisation announced it expected the GDP to climb by 2.1 per cent. […]
The chancellor’s social media manager has justified the high costs of his cyber activities. Angelika Feigl said today (Fri) expenses were not just spent on Werner Faymann’s Facebook and Twitter accounts but also on a new homepage and a smartphone app. The Social Democratic Party (SPÖ) leader’s office informed the Freedom Party (FPÖ) earlier this […]
Lift passes cost more than twice as much in Austria’s most popular skiing resorts than in small winter sport destinations, according to an investigation. The Austrian Association for Costumer Information, VKI, said today (Thurs) comparably small regions in Lower Austria and Styria were charging less than 300 Euros for weekly passes for a whole family […]
Some of the most popular foodstuffs became significantly more expensive last month. Statistik Austria said yesterday (Weds) that dairy products became seven per cent more expensive from October 2010 to the same month of this year. Statisticians also consider eggs in this price group. The price of bread and meat rose by four per cent. […]
The political leaders of Austria’s provinces are at odds about the government’s debt limit decision. Social Democratic (SPÖ) Chancellor Werner Faymann and People’s Party (ÖVP) Vice Chancellor Michael Spindelegger announced on Tuesday that the coalition decided to implement a so-called debt brake. The government is dependent on the support of at least one of the […]
A German fashion firm has taken over bankrupt clothing business Don Gil. It was confirmed yesterday (Weds) that Gerry Weber snatched up Don Gil for around six million Euros. The Austrian company – run by an Italian enterprise – opted for a controlled bankruptcy procedure last month due to its debts of 28 million Euros. […]
The Viennese government may have saved 300 jobs by ordering 20 new underground trains. Bombardier Austria boss Germar Wacker warned yesterday (Mon) his company would be put under immense pressure if the city kept delaying to express the confirmation of an assignment vital to its factory in Vienna-Donaustadt. He explained that the capital’s government intended […]