Only three per cent of Austrians say they are not at all worried about another crisis.Pollster Market said today (Thurs) just three in 100 citizens had no concerns at all about a comeback of the recession in the foreseeable future. The agency added that 50 per cent of Austrians were “rather not worried” while six […]
Tag: economy
Designated Peoples Party (ÖVP) chairman Michael Spindelegger may be forced to change his partys strategy as rumours about the looming foundation of a new party are growing.Newspapers report that Veit Sorger, head of the Federation of Austrian Industries (IV), considers setting up a new political movement. The businessman who has hit out at the […]
The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
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 […]
More than six in 10 Austrians believe in sexual equality at the workplace in their country.Research group Market said today (Thurs) it found that 63 per cent of Austrian employees put no trust in equal chances for men and women when it comes to salary figures and career chances.Market, which spoke with 400 Austrians, added […]
A high-ranking official is suspected of channelling large sums into leisure associations run by his wife.In a reaction to reports in the Austrian press, a spokeswoman for Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner said the embezzled European Union (EU) subsidies were “significantly lower than one million Euros”.The accused official has been suspended as prosecutors […]
Immense price hikes registered
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Life keeps getting more expensive in Austria, figures presented today (Weds) show.Inflation rose by three per cent in February compared to the same month in 2010. This is the highest increase since October 2008 when the global economic downturn broke out. The price level soared by 3.1 per cent that month compared to October 2007.Last […]
Austrian GDP edges up
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The Austrian economy is continuing to recover from effects of the global downturn, new figures confirm.The Institute for Economic Research (WIFO), a Viennese think tank, said today (Tues) that the Austrian gross domestic product (GDP) rose by 0.6 per cent in the fourth quarter of 2010 compared to the previous quarter of the same year.WIFO […]
The global economy will grow strongly in the coming years, a Viennese think tank has predicted.The Institute for Economic Research (WIFO) said today (Mon) it expected the world economy to grow by 4.5 per cent every year until 2015. Austrias economy will grow by 2.2 per cent every year until 2015, according to WIFO.WIFO announced […]
Europes economies will strongly benefit from thriving world markets, a leading think tank has claimed.Viennas Institute for Economic Research (WIFO) announced today (Fri) that the global economy will have grown by 4.4 per cent year on year in 2010 and by around 4.1 per cent the following year before a 4.6 per cent improvement is […]