The Austrian economy will develop better than the Eurozone average, the Organisation for Economic Co-operation and Development (OECD) has predicted.The international organisation said today (Fri) that the Austrian gross domestic product (GDP) will grow by two per cent annually between this year and 2012.The OECD added it expected the Eurozones economy to grow by just […]
An Austrian has been found Germanys best chef by a prestigious restaurant guide.Salzburg-born Mario Lohninger was awarded the countrys Chef of the Year award by the German edition of Gault Millau today (Weds).Lohninger, who runs three eateries in the German city of Frankfurt, was praised for his “drive to discover and renew things” by the […]
Safety measures to protect Austrias political elite have been increased following the discovery of several mail bombs addressed to European leaders.Greek left-wing activists are suspected of having posted explosives addressed to German Chancellor Angela Merkel and Italian Prime Minister Silvio Berlusconi.Terror experts have stressed that the attempted attacks were not in any way related to […]
Turnover of Austrias productive sector improved by more than seven per cent year on year in July, it has been reported.Statistik Austria said today (Fri) the companies in the countrys industrial and construction branch rose by 7.7 per cent to 19.3 billion Euros.The sectors metal production department did best. The sectors monthly turnover soared by […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner has said the Austrian economy will prove think tanks wrong by growing stronger than predicted.The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) said earlier this year they expected the countrys economy still considered to be in a fragile condition after the global […]
The Austrian trade industry is showing signs of recovery as exports and imports soared year on year in April.Statistik Austria announced today (Fri) foreign trade businesses reported a 13.6 per cent improvement in export rates last April compared to the same month of 2009. This improvement follows a 9.6 per cent year on year plus […]
Social Democratic (SPÖ) Chancellor Werner Faymanns visit to Israel will be the first of the head of state since the violent incident on an international aid ship last month.Nine activists were killed and dozens injured when Israeli soldiers captured the Mavi Marmara in international waters. The incident sparked worldwide outcry and sharp criticism of Israels […]
Austrias economy will recover in the second quarter of this year, a leading think tank has predicted today (Thurs).Vienna-based Institute for Economic Research (WIFO) said the countrys industrial branchs engagement will soar by three per cent to 79 per cent compared to the first three months of 2010.WIFO said engagement will continue to increase. “The […]
Environmental alarm bells are ringing as the vast majority of Austrias glaciers shrunk last year.Andrea Fischer of the Austrian Alps Society (OeAV) said today (Fri) studies have shown that 91 per cent of the countrys glaciers diminished in size in 2009.Fischer said the Niederjochferner decreased most drastically by 46 metres, followed by the Kesselwandferner (minus […]
Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.The news platform reports today (Fri) that the possible move will be discussed at a shareholders meeting on 28 April.The institute has been traded on the Bucharest Stock Exchange since 1997.The European Bank for Reconstruction […]