Top-level managers of Austrias leading companies raked in a fifth more last year than in so-called crisis year 2009.Reports from today (Tues) have it that members of the executive boards of the 20 Austrian firms quoted on the Vienna Stock Exchange (WBAG) earned around 20 per cent more in 2010 than the year before when […]
Tag: crisis
National economies in Asia and South America are of European countries and the United States in their bids to recover substantially from the credit crunch, according to an influential research organisation.The Institute for Economic Research (WIFO) announced today (Mon) that many states in Asia and South America were doing well trying to surpass pre-crisis gross […]
The European Union (EU) would react “immediately” to a request for help by Japan, the EUs ambassador in the country stressed.Hans Dietmar Schweisgut told the Kurier newspaper today (Tues): “Several EU member states already sent support teams to Japan. The EU crisis aid mechanism can only be activated after an official request by an affected […]
Erste Bank eyes 2011 state aid repayment
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Erste Bank, one of Austrias leading financial institutes, has said it planned to pay back the state aid it has received over the past two years in the coming months.The Vienna-based bank, which is active in the whole Central and Eastern which (CEE) region, announced today (Fri) it intended to return the 1.2 billion Euros […]
VIH enters Belarus
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An Austrian hotel management company has been assigned to establish a hotel in what will be the biggest building in Minsk.Vienna International (VIH) said today (Tues) the plan was to open the four-star business hotel in the capital of Belarus in 2014.The hotel, which will feature 280 rooms, will be located in the Minsk Tower. […]
Michael Doppelmayr, head of transportation systems producer Doppelmayr Holding AG (Doppelmayr), has said he is “very satisfied” with the past business year.The internationally operating firm, which is based in the Vorarlberg town of Wolfurt, suffered a slight decline in turnover in the 2009/2010 business year from 615.7 to 603.2 million EurosThe company boss pointed out […]
A 45-year-old man has been sentenced to a spell in prison for pestering a telephone counselling service with perverted calls.The Salzburg-based offender was tracked down after the Viennese “24-7 crisis hotline” informed police about his frequent calls.Judges in Salzburg sentenced the defendant to six months in prison yesterday (Weds).Meanwhile, officials in Lower Austria are set […]
Around 150 Austrian companies are currently doing business in Turkey, according to the Austrian Trade Commissioner in Istanbul.Marco Garcia said today (Fri) major companies like oil and gas firm OMV, Bank Austria (BA) and electricity provider Verbund have been active in the country.He added Austria was currently the eighth biggest investor in Turkey which, according […]
Faymann ahead as Styria vote nears
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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 […]
Flat prices jumped in “crisis year” 2009 as many see condominiums as a safe haven for their money, according to a business expert.Thomas Malloth, head of the Federal Economic Chambers (WKO) real estate department said today (Weds) the value of owner-occupied flats rose by 3.5 per cent from 2008 to 2009.”Strong demand, especially in conglomerations, […]