A study has made aware of immense savings potential in the health sector. The investigation – carried out by the Institute for Advanced Studies (IHS) – shows that Austria’s clinics could cut their costs by two billion Euros in the coming five years by cooperating more closely. IHS experts said hospitals should specialise on certain […]
The People’s Party (ÖVP) is in turmoil after the resignation of Ferdinand Maier. Maier announced in a radio debate he would retire next month instead of in autumn. The controversial parliament member (MP) was not allowed to express his critical opinion regarding the decision of the government to make debts of 33 billion Euros to […]
Federal and provincial financial issues decision-makers have postponed their negotiations about the budget of the coming years. People’s Party (ÖVP) Finance Minister Maria Fekter said talks with the provincial governments’ finance councillors would continue next week. Fekter angered the politically muscular provincial parliaments by revealing plans to sanction provinces which breached the stricter new budget […]
An Upper Austrian food industry company has purchased a Zielpunkt stake of nearly 25 per cent. The Traun-based Pfeiffer Group announced yesterday (Thurs) it acquired a 24.9 per cent interest in its Viennese rival. The company, which concentrates on the management of supermarkets in Upper Austria, did not say how much it paid for the […]
Significantly fewer Austrians will travel to Greece this summer, preliminary booking records show. The Verkehrsbüro Group, Austria’s biggest tourism company, said yesterday (Weds) the number of Austrians planning holidays in the debt-stricken country in southern Europe had been 21.6 per cent higher at the same time last year. The travel office enterprise said Greece remained […]
The works council of Austrian Airlines (AUA) has given the all-clear to planned wage cuts. Works committee leaders informed the airline’s 1,500 pilots, stewards and stewardesses yesterday evening (Tues) that they decided to say yes to the salary reform. AUA bosses planned to force the carrier’s pilots to work under contracts similar to those of […]
Josef Bucher, the head of the Alliance for the Future of Austria (BZÖ), has harshly attacked the Pirate Party (PPÖ). The newly established political movements celebrated its first significant success earlier this week when it entered the city hall of Innsbruck, the capital of the western province of Tyrol. The PPÖ, which has a dramatically […]
The Austrian government has informed the European Commission (EC) and Eurozone financial issues watchdogs about its budget path. Social Democrats (SPÖ) and People’s Party (ÖVP) filed a document to the political institutions’ headquarters in Brussels, Belgium, and Strasbourg, France, today (Weds). The paper features all detail information about how the coalition intends to erase the […]
Standard & Poor’s (S&P) analyst Alois Strasser has warned that a crisis worse than the most recent one could “totally demolish” Austrian finance institutes’ capital. Strasser – who is in charge of the US American rating agency’s economic estimations for the Austrian economy – told Die Presse today (Fri) that the Republic of Austria could […]
Full transparency regarding the subsidisation of parties has been identified as the most urgent issue in fighting corruption in a poll. Viennese research centre Karmasin spoke with 500 Austrians for magazine profil. The agency made several suggestions to the interviewed voters about how to fight political corruption. The people the agency spoke with were allowed […]