The Austrian central bank has downplayed concerns over whether the real estate bubble in Vienna and the rest of the country could shake financial stability. However the central bank said on Monday it will be monitoring the situation by creating a new fundamental price indicator. Residential real estate in Austria increased 39% between 2007 and […]
Tag: Central
Nespresso ‘to lay off hundreds’
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Hundreds of jobs at Nestle Austria are at risk, according to a report. The Kurier revealed today (Fri) that the globally operating foodstuff giant decided to shut the Austrian representation of its Nespresso subsidiary. The firm confirmed the closure of the facility in Vienna which has orchestrated its operations in Central and Eastern Europe (CEE), […]
Pet cemetery plans in Vienna
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Vienna is to get a pet cemetery, it has been announced.Social Democratic (SPÖ) Councillor Ulli Sima said today (Thurs) that the citys first burial site for animals will be set up near the Central Cemetery (Zentralfriedhof) in the Simmering district. Sima said residents will be able to hold funeral processions for their deceased pets at […]
Plaut opens Moscow office
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Austrian consulting group Plaut AG has opened an office in Moscow.The company, which has its headquarters in Vienna, said today (Mon) that the office in the Russian capital will be its fifth in Central and Eastern Europe (CEE).Plaut is quoted on the Frankfurt Stock Exchange (FWB). It achieved a turnover of 6.4 million Euros and […]
An escaped Boa constrictor keeping policeman busy for five days has been found behind the owners oven.Graz officials decided to assign dozens of police recruits to search for the dangerous snake after Klaus Löschnig reported it as missing on Sunday. Several reptile experts and volunteers got engaged in the search as well.The reptile enthusiast assumed […]
Winter is back with a vengeance
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Winter is back in full force, with snow and icy temperatures expected across Austria in the next few days, according to Viennas Central Agency for Meteorology and Geodynamics (ZAMG).The reason is a low-pressure system in the Mediteranean area that is making temperatures plunge. For example, the low in Linz was minus 16 degrees Celsius this […]