The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry. Christoph Neumayer told the Kurier that the European Union (EU) should concentrate on creating ideal circumstances for its industrial sector. Neumayer claimed such a strategy would help in getting through the economic crisis. The […]
Joblessness is what worries Austrians the most, a poll regarding European issues shows. Karmasin asked 500 Austrians to reveal which developments they were concerned about. Around 43 per cent identified unemployment. This means that Austrians fear negative trends in this regard more than anything else when it comes to European developments. European decision-makers are at […]
Austria’s provinces will be allowed to breach upcoming debt limit regulations in extraordinary circumstances, it emerged yesterday evening (Tues). David Brenner, the financial councillor of Salzburg and head of the council of councillors for financial affairs, announced that the country’s nine provinces were given the right to spend more than scheduled in the next nine […]
Dozens of employees fear losing their jobs as a Carinthian wood industry business filed for bankruptcy.St. Veit an der Glan-based Vito asked a court in Klagenfurt to start controlled insolvency procedures today (Tues), according to the Creditors Protection Association of 1870 (KSV). KSV said Vitos debts range around 5.2 million Euros. The association also announced […]
The number of construction industry companies opting for controlled insolvency is on the rise, figures presented today (Tues) show.The Austrian Creditors Protection Association of 1870 (KSV 1870) said 204 building firms went bust in the first three months of this year, around 31 per cent more than in the same time span of 2010.Only some […]
EVN AG, one of Austrias main energy providers, has announced it has managed to reduce its debts.EVN said today (Thurs) that it had debts of 1.37 billion Euros in the first quarter of the 2010/2011 business year, 6.9 per cent less than in the same period of the previous business year. EVN added its investments […]