Political decision-makers are at odds over what conclusions to draw from economic predictions made today (Fri).The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) announced they expected the Austrian economy to recover quicker from the credit crunch than initially predicted.IHS said the countrys gross domestic product (GDP) will rise by 1.8 […]
Tag: cent
Furniture trade flourishes
Categories
The Austrian furniture retail trade grew for a sixth year in a row in 2009, a market analysis expert has revealed.RegioPlan official Michael Oberweger announced today (Thurs)that the sector managed to increase turnover by 1.6 per cent last year compared to the 2008 business figures.Oberweger said he expected the furniture retail sector to grow by […]
B&H Airlines will offer flights between Banja Luka and Vienna from next month.The aviation company, which was founded as Air Bosna in 1994, announced today (Thurs) it will start offering two connections per week between Bosnia and Herzegovinas second largest city and the Austrian capital from 31 October.B&H Airlines added it also won the rights […]
Christoph Franz has been appointed new Lufthansa boss.The aviation firm announced yesterday (Tues) that the 50-year-old German businessman will succeed Wolfgang Mayrhuber as of the beginning of next year.Mayrhuber, who was born in the Upper Austrian town of Waizenkirchen, started working for Lufthansa in 1970. He has headed the firm that has its headquarters in […]
VIG to enter Montenegro
Categories
Vienna Insurance Group (VIG) has been granted a concession to offer life insurances in Montenegro.The company said today (Weds) the decision meant it was now active in 24 European countries.VIG, which is listed on the Vienna Stock Exchange (WBAG), explained its subsidiary Wiener Städtische zivotno osiguranje Podgorica a.d. will handle operations in the former Yugoslav […]
BA job loss concerns as Profumo quits
Categories
A Bank Austria (BA) official has revealed he was “alarmed” by the retirement of UniCredit boss Alessandro Profumo.Profumo, who announced yesterday (Tues) he would step down, has been heavily criticised for failing to prevent Libyan state bodies increase their stake in the Italian institute to 7.5 per cent.The Italian banker guaranteed UniCredits subsidiary BA it […]
More than 400 Austrian towns participated in the European Unions (EU) 2010 Car-Free Day today (Weds).Austrian officials said 435 towns and communities across the country organised various initiatives in a bid to raise awareness for eco-friendly commuting and reduce car traffic.The EU-wide Car-Free Day awakens memories of a law passed by the Austrian government in […]
Viennas political leaders have been harshly attacked for their decision to ask homeless people to pay for staying at city-funded lodgings.Social Democratic (SPÖ) councillor Sonja Wehsely said today (Weds) homeless people would have to cough up four Euros for every night they spend at the capitals subsidised emergency shelters from November.The councillor whose party […]
A majority of Austrians regard Thilo Sarrazins controversial ideas a “justified approach” to re-discuss integration issues, a poll has shown.Viennese researchers Karmasin found 51 per cent of Austrians said the outgoing Deutsche Bundesbank executive board members statements were a good starting point to kick off a discussion about Austrian immigration and integration issues. Only 39 […]
Faymann ahead as Styria vote nears
Categories
Social Democratic (SPÖ) Chancellor Werner Faymann is narrowly ahead of Peoples Party (ÖVP) Vice Chancellor Josef Pröll in a popularity poll.Researchers Karmasin said today (Mon) Faymann would have the support of 24 per cent if people were eligible to elect the chancellor in a direct vote similar to the ballot for the federal president.Its survey […]