Paper industry incomes to rise

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Business

People employed by domestic paper industry companies will earn more from next month.Works council representatives announced today (Fri) company bosses of the sector agreed to pay 3.1 per cent more to staff from 1 May. Negotiators said the leadership of the firms also agreed to raise trainees’ salaries by the same rate. The settlement will […]

Spas seen as ‘relationship rescuers’ by many

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Business

Nearly one out of four Austrians visit spas to maintain their relationships, a new poll has shown.Research group Meinungsraum – which questioned more than 1,000 Austrians for health sector company Vamed – said today (Fri) 24 per cent said they visit spas with their partners to cherish their bonds.The vast majority of 90 per cent […]

Austrian air traffic up

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Business

Austrian airports registered significantly more passengers last year.Figures presented by Statistik Austria show that planes departing and arriving at aerodromes across the country recorded 24.5 million passengers in 2010, up by 7.9 per cent compared to the previous year. The agency pointed out that this increase was achieved despite delays and preliminary air traffic shutdowns […]

Verbund turnover shoots up

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Business

Verbund AG has achieved a better turnover and higher earnings.The company – Austria’s busiest energy provider – said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]

HTI on road to recovery as WBAG switch nears

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Business

Internationally operating technology group HTI High Tech Industries AG (HTI) managed to reduce its losses as the firm gets ready to enter the Vienna Stock Exchange’s (WBAG) Prime Market.The Linz-based company is currently quoted on the WBAG’s Mid Market. Its stocks will be traded on the Prime Market of the WBAG on 1 May. One […]

Bleak tourism evaluation amid feared overnight stay decline

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Business

A tourism sector official has called for more marketing efforts within Austria as hotels brace for a decline in overnight stays.Hans Schenner, head of the Federal Economy Chamber’s (WKO) tourism department, said today (Thurs) he feared hotels and guesthouses of the country welcomed fewer guests this month than in April 2010. Schenner also announced that […]

Cat Oil reports sky-high profit

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Business

CAT Oil AG has managed to double its profit.The Austrian company – which produces and offers services for the equipment for the oil and gas industry – said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oil’s turnover edged up by 0.3 per […]

Young Austrians shun church, study shows

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Lifestyle

One in two young Austrians never go to church, a new poll reveals.Public opinion agency Karmasin, who questioned 500 Austrians for the study published by magazine profil – found that 50 per cent of Austrians aged 30 and younger never attend Catholic masses. The firm’s research also shows that 35 per cent of all Austrians […]

Ice cream price hike predicted

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Business

Sweet-toothed Austrians have been dealt little mouth-watering news.Economy Chamber (WKO) Silvio Molin-Pradel announced today (Fri) ice cream parlours in Austria will charge around 20 Eurocents more for a small cone this summer. Molin-Pradel explained businesspeople of the trade decided to react to rising foodstuff prices as the trade rates for cocoa, hazelnuts and other products […]

Skylink may be too small for AUA

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Business

A controversial new terminal built at Vienna International Airport (VIA) will not be large enough to handle all Austrian Airlines (AUA) flights, according to a newspaper report.Building activities started in 2005 as it was the plan to put the main parts of the terminal called Skylink into operation ahead of the European Football Championship in […]