Viennese politicians and businesspeople have failed to reduce the city’s jobless rate. Official figures presented today (Fri) show that the number of unemployed people residing in the Austrian capital rose by 6.9 per cent. Overall, nearly 74,000 Viennese citizens were out of work this month. The Federal Labour Market Service (AMS) explained Vienna and Carinthia […]
The Austrian import and export industry is nearing pre-crisis levels, figures presented today (Fri) confirm. Federal statistics organisation Statistik Austria announced that firms based in the country exported products worth 109.37 billion Euros in 2010, up by 16.7 per cent compared to 2009. The value of exports dropped by nearly 19 per cent from 2008 […]
An Austrian Airlines (AUA) manager has claimed the struggling company “had lots of bad luck” in the past few months as he warns it will fail to meet previously set goals this year. AUA co-chief Andreas Bierwirth said today (Fri) the loss-making carrier “will not make our initial target” of making a profit this year. […]
The Austrian economy seems to reassert itself, new figures presented by a creditors’ protection organisation show. The Creditors’ Protection Association of 1870 (KSV) said today (Weds) that 1,672 companies declared bankruptcy in the first half of this year. This is a three per cent decrease compared to the first six months of 2010, according to […]
The highest representative of the Roman Catholic Church in Austria has been accused of keeping quiet about a case of sexual abuse. A lawyer said yesterday (Mon) he will launch legal action against Viennese Archbishop Christoph Cardinal Schönborn. The advocate’s client explained she consulted Schönborn in 1994 to tell him of sexual abuse by a […]
Fare dodgers are in for a tough time, Viennese public transport agency Wiener Linien has warned. The company said today (Tues) it has drastically increased the number of checks on passengers. Wiener Linien staff asked more than 2.3 million passengers for their tickets in the first three months of this year. Fewer than three per […]
Austria has been found to be among the European Union (EU) nations with the highest gross domestic product (GDP) per capita. Eurostat, the European Commission’s (EC) research and statistic agency, said today (Thurs) that Austria’s per capita GDP was 25 per cent higher than the EU average last year. The institution found the same rate […]
Holidaymakers intending to rent a car have been urged to book online and in advance. The Upper Austrian department of the Federal Labour Chamber (AK) said today (Thurs) people could save up to 15 per cent if they reserved the vehicles on the internet and paid by credit card before starting their holidays. The AK […]
The vast majority of Austrians have no interest in stocks, according to research. Pollster Imas found that 75 per cent of residents of the country had no intention to acquire shares. The survey also shows that just 13 per cent of Austrians hold participations in companies via shares and investment funds. The figure resembles results […]
Verbund AG has said it is investing “several hundreds of millions of Euros” in a new wind park in Romania. The Austrian energy sector giant – which started the construction in Casimcea in March – explained the site should generate electricity from next year. Up to 170,000 households will be provided with power when the […]