Austrian students are interested in economics, but their knowledge about it is cause for concern, according to the Austrian Institute for Educational Research on Economics (ibw).The Institutes report released today (Fri) are the results of a test taken by 1,900 students in Austrian higher-educational institutions and shows that only half of them had an adequately […]
Tag: economy
WIFO says industry will do well in Q2
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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 […]
The European Commission (EC) said Austrias economy is to grow stronger than it had expected half a year ago.EC officials forecasted a 1.3 per cent year on year rise today (Weds) after giving a 1.1 per cent growth prediction last December.The new prediction matches the forecasts of Austrias two leading think tanks.The Institute for Higher […]
HTI looks back on difficult 2009
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Upper Austrian car industry supplier HTI hopes for positive figures this year after a decline in turnover in 2009.Company boss Peter Glatzmeier said today (Fri): “The past year was a difficult year in which restructuring measures dominated our activities.”Glatzmeier added he hoped for positive business results in 2010.Turnover of the firm based in St. […]
Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austrias 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 Austrias industrial branch is to become a decisive […]
A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]
An Austrian has been named as the best paid CEO among German companies listed by the countrys stock market index DAX in “crisis year” 2009.Villach-born Siemens boss Peter Löscher earned more than seven million Euros in the last year, according to a report by business newspaper Handelsblatt. He took over at Siemens in 2007.The German […]