Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austrias industrial branch to grow “by at least four per cent” this year.Bruckbauer said today (Thurs) preliminary figures showed a record increase from foreign companies in demand for Austrian industrial firms products this month.”These developments confirm that Austrias industrial branch is to become a decisive […]
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Austrian Erste Group’s subsidiary Banca Comerciala Romana (BCR) announced it has dropped the early repayment fee for newly contracted bank loans if they are without guarantees and with variable interest.It is the first bank on the Romanian market that announces the move after the Romanian government earlier this week said it would impose a European […]
Styria and Burgenland need to raise their efforts in targeting international guests, a tourism expert has warned.Martin Stanits of the Austrian Hoteliers Association (ÖHV) when speaking about the provincial capital of Styria today (Thurs) said: “Tourism in the Graz region is struggling a bit since the city was Europes Capital of Culture in 2003.”Stanits stressed […]
VCÖ makes 350mn kerosene tax call
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Austrian Traffic Club (VCÖ) officials have claimed Austria was losing out on around 350 million Euros of annual revenues by not charging taxes on kerosene.VCÖ expert Martin Blum branded the situation an “indirect subsidisation of the aviation industry.”Blum said today (Weds) the government would garner around 355 million Euros per year if it decided to […]
Year on year temperature increases of up to four degrees centigrade have been discovered at an Austrian national park.Upper Austrian Peoples Party (ÖVP) Governor Josef Pühringer and nature protection councillor Manfred Haimbuchner of the Freedom Party (FPÖ) said today (Weds) average temperature had risen at most checkpoints at the Kalkalpen national park by 2.1 degrees […]
Hundreds of Austrians took part in a survey which revealed that almost one in three could imagine spending their holidays in Romania.THR marketing director Jorn Gieschen said yesterday (Tues) research has shown that most tourists visited the Eastern European country for its nature.Another result of the study in which 10,800 people from Austria, Germany, […]
Incumbent president Heinz Fischers clear victory in yesterdays (Sun) presidential elections was overshadowed by a record-low turn out.Around 50 per cent of Austrians stayed away from the polling booths as almost 79 per cent of the 6.3 million Austrians entitled to vote supported the former Social Democratic (SPÖ) science minister.The Freedom Partys (FPÖ) Barbara Rosenkranz […]
Magna ends Graz plant part-time scheme
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Thousands of workers at Magnas Graz plant are back in full-time work as the car industry supplier registered a sharp increase in orders.Around 4,500 staff were put into an 18-month part-time model to avoid sackings.Workers Union official Thomas Stoimaier said today (Fri): “The companys order situation is currently very good and this is why it […]
Incumbent president Heinz Fischer is expected to celebrate a landslide victory in Sundays presidential elections, but the main focus will be on the performance of his rival Barbara Rosenkranz.The campaign of the Freedom Party (FPÖ) candidate has been shattered by a series of controversial statements by herself about Austrias Nazi past. The mother-of-ten accused press […]
efko eyes Bulgarian partnership deal
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Upper Austrian fruit and vegetable producer efko is considering cooperating with a Bulgarian company as an increase in turnover is expected for this year.Company chief Gerald Hackl said today (Thurs) turnover rose by 16 per cent year on year to 118.3 million Euros in 2009, adding that another three-per-cent increase was expected for 2010.Hackl said […]