BA economist says industrial branch to grow sharply this year

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Business

Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austria’s 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 Austria’s industrial branch is to become a decisive […]

Canola oil boat engine bid as Lake Neusiedl season starts

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Business

Burgenland tourism bosses hope for more stays at the province’s Lake Neusiedl this summer after lakeside overnights in January and February soared by 25 per cent year on year.Tourism shipping transfer services at the lake – which is the second-largest steppe lake in Central Europe – started this morning (Fri), and lakeside towns have invested […]

Companies flocking to Lower Austria

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Business

The number of companies settling in the province of Lower Austria is on the rise, it has been announced.Provincial councillor Petra Bohuslav said today (Thurs) 30 companies settled or expanded in Lower Austria in the first quarter of this year. The People’s Party (ÖVP) politician said this number was a 50 per cent year on […]

Insurance branch tax ‘will mainly affect customers’

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Business

Customers would be the most affected party if the government decides to set up a new tax for insurance companies, a top branch representative has warned.Günter Geyer, Vienna Insurance Group (VIG) chairman and head of the federal insurance companies association, said today (Weds): “Eighty per cent of the money managed by insurance companies belongs to […]