Around 25 per cent of Austrians are cycling each day or several days a week, according to a traffic information organisation.The Austrian Traffic Club (VCÖ) said today (Mon) its research suggested that one out of four Austrians were cycling on a daily basis or more than once a week. The club said it expected this […]
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Almost one in three Austrians have no holiday plans in 2011, a survey shows.The Institute for Leisure and Tourism Research (IFT) and motorist association ÖAMTC announced today (Fri) 29 per cent of Austrians said they would not take a vacation this year. Researchers said that especially people with a low income would not take a […]
Bregenz-based textiles and tights manufacturer Wolford AG has managed to increase its turnover by more than six per cent.The company said today (Fri) its turnover climbed by 6.6 per cent to 120 million Euros in the first three quarters of the 2010/2011 business year compared to the same period of the previous business year.Its earnings […]
Air Berlin’s wings clipped in 2010
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FlyNikis cooperation partner Air Berlin suffered an operative loss of nearly 10 million Euros last year.The airline said today (Fri) it recorded a loss before interest and taxes of 9.3 million Euros in 2010. Air Berlin achieved earnings before interest and taxes (Ebit) of 28.5 million Euros in 2009. Its turnover however climbed by 14.8 […]
IRE snatches Austrian hotels
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Leading hotel chain NH Hotels has sold two resorts in Austria in a bid to reduce its debts.Spanish media report today (Fri) that the Madrid-based company sold its hotel in Salzburg and at Vienna International Airport (VIA) to German firm Invesco Real Estate (IRE). The company, which has its headquarters in Munich, also acquired three […]
Most Austrians fear that the nuclear disaster in Japan will lead to higher energy prices.Linz-based research agency Market found that 62 per cent expect electricity and other energy sources to become more expensive due to the detonations at the Fukushima nuclear power plant.Several countries across the world are currently reconsidering their plans to engage with […]
ÖBB punctuality improves
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The number of trains arriving on time in Austria is on the rise, it has been announced.Federal Railways (ÖBB) said today (Thurs) 94.2 per cent of all of its services were less than five minutes late last year, up from 90.5 per cent in 2009. The company added 97.6 per cent of its trains went […]
Lufthansa ups pressure on AUA
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Lufthansa bosses say they see an immense potential for savings at affiliate Austrian Airlines (AUA).The German aviation giant acquired a majority stake in AUA in September 2009. Most analysts claimed at the time that the deal would save the Viennese airline from ruin.Now Lufthansa CFO Stephan Gemkow said AUA could reduce its costs by 130 […]
Immense price hikes registered
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Life keeps getting more expensive in Austria, figures presented today (Weds) show.Inflation rose by three per cent in February compared to the same month in 2010. This is the highest increase since October 2008 when the global economic downturn broke out. The price level soared by 3.1 per cent that month compared to October 2007.Last […]
Government introduces quota for females
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The federal coalition has been attacked from all sides of the political spectrum after agreeing on a quota for females in businesses close to the state.Social Democratic (SPÖ) Womens Minister Gabriele Heinisch-Hosek and Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner announced yesterday (Tues) that the decision will affect 55 companies in which the Republic of […]