Rising rents fuel inflation

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Business

Prices climbed by more than two per cent last month. Statistik Austria said yesterday (Weds) the inflation rose by 2.3 per cent, meaning that the average price of predicts and services on offer in Austria climbed to this extent from April 2011 to the same month of this year. This is the lowest rise since […]

Post AG turnover up by six per cent

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Business

Austrian postal services company Post AG has managed to increase its turnover and earnings. The partly state-owned firm said yesterday (Weds) it achieved a turnover of 605.7 million Euros in the first quarter, six per cent more than in the same period of 2011. Earnings before interest and taxes (Ebit) climbed by 14.4 per cent […]

BZÖ farewell possible, poll shows

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Politics

The chances of the Alliance for the Future of Austria (BZÖ) to avoid dropping out of parliament are waning, according to a new poll. Viennese research group Karmasin found that just two per cent of voters would currently support the party – which was founded by late Carinthian Governor and Freedom Party (FPÖ) leader Jörg […]

ÖVP head pounces on PPÖ

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Politics

People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has branded the Pirate Party (PPÖ) as a “group of clowns”. The foreign minister said in a speech at Hofburg Palace in Vienna yesterday (Mon) that the increasingly popular party consisted of “political clowns”. Some analysts think that the established parties still fail to realise the threat the […]

AMS reports rise in joblessness

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Business

Unemployment in Austria is increasing, new figures show. The Austrian Labour Market Service (AMS) said yesterday (Tues) 321,800 people had no job last month, 6.7 per cent more than in April 2011. This figure considers jobless people attending education courses and traineeships organised by the AMS. Their number climbed by seven per cent to nearly […]

SPÖ’s big guns trained on Strache

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Politics

Vienna Mayor Michael Häupl has warned from a coalition between the People’s Party (ÖVP) and the Freedom Party (FPÖ). The influential Social Democrat – who became mayor of the capital in 1994 – appealed in his speech at yesterday’s (Tues) International Workers’ Day in downtown Vienna to fellow party members to do everything they can […]

Bonuses must mean tax cuts, says ÖVP boss

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Politics

The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees. ÖVP chairman Michael Spindelegger said yesterday (Tues) firms which decided to pay bonuses to staff in economically successful times should benefit by such a tax reform. The foreign minister added that his party would present detail […]

UNIQA prepares capital increase

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Business

UNIQA Versicherungen AG (UNIQA) boss Andreas Brandstetter announced plans for a capital increase. Brandstetter said the move would be carried out later this year instead of only in 2013. He explained that another capital increase would be within the bounds of possibility for next year. He said the revenues from the measure would be used […]

Oppitz-Plörer wins mayoral election

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Politics

Innsbruck Mayor Christine Oppitz-Plörer has been confirmed in office. The head of Für Innsbruck (FI, For Innsbruck), a conservative list which was established by former People’s Party (ÖVP) officials, received 56 per cent in Sunday’s runoff election. Christoph Platzgummer, who ran for the ÖVP, was supported by only 44 per cent of participating residents of […]

SPÖ is up to date, says Schlögl

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Politics

Former Social Democratic (SPÖ) Interior Minister Karl Schlögl has rejected claims that his party is in need of a new programme. Only 27 to 28 per cent of Austrians would elect the SPÖ at the moment, according to polls by Viennese research groups Karmasin and OGM. The left-wing party – which is headed by Werner […]