Price hike claims as night-time U-Bahn counts 4mn passengers

Categories
Politics

More than 40,000 people are using Vienna’s 24-hour U-Bahn service, it was announced today (Fri).Public transport agency Wiener Linien said it registered around 45,000 underground passengers a night at weekends and nights before public holidays. The company introduced a 15-minute interval service last September after 54 per cent of the 277,000 residents of the city […]

AUA pilots angered by €3mn bonus payments

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Business

Austrian Airlines (AUA) works council chiefs are up in arms over revelations that the debt-stricken carrier forked out bonuses of three million Euros last year.Pilot council representatives said today (Fri) decision-makers were threatening their future and the fate of the whole company when they were informed that 150 managers received bonuses of three million Euros […]

Raiffeisen job for ex-vice chancellor

Categories
Business

Former People’s Party (ÖVP) boss Josef Pröll is to head an internationally operating agricultural company.The Lower Austrian-Viennese branch of Raiffeisen – Austria’s biggest private employer – announced yesterday (Weds) that the ex-finance minister will take over at its affiliate Leipnik-Lundenburger Invest Beteiligungs AG (LLI) next month. Pröll agreed with supervisory board officials on a five-year […]

Austria makes rich list’s top 5

Categories
Lifestyle

Austria has one of the densest millionaire populations in the world, a survey has revealed.Boston Consulting Group’s (BCG) Global Wealth Report 2011 shows that, with 5.2 million households, most US dollar millionaires live in the United States of America. Millionaire households represented only 0.9 per cent of all households in the world. These families owned […]

Strabag set to get busier

Categories
Business

Strabag SE has said it hopes to be engaged in activities worth 14 billion Euros in 2011, more than it predicted earlier this year.The construction company said today (Tues) it was optimistic about the current year due to a strong first quarter. Strabag, which has its headquarters in Vienna, added that it saw chances to […]

World record price for rare camera

Categories
Lifestyle

An Asian collector has splashed out more than 1.3 million Euros for a rare Leica in an auction in Vienna, making it the most expensive camera in the world.Organisers of the auction, held at Vienna’s Westlicht gallery (www.westlicht.com) on Saturday, said the Leica no. 7 from 1932 was sold for 1.32 million Euros. They said […]

British windfall for BAE bribery suspect

Categories
Business

An Austrian lobbyist who complained about not being given a comb and “decent” underwear in British custody has received nearly half a million Euros for his six-day detention in London.Alfons Mensdorff-Pouilly’s lawyer Harald Schuster announced today (Thurs) British authorities decided to compensate his client with 430,000 Euros. The entrepreneur and lobbyist was arrested and kept […]

Half of Austrians unimpressed by crisis comeback concerns

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Business

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 […]

EVN turnover slides

Categories
Business

The turnover of electricity and gas provider EVN AG has dropped slightly, new figures show.The Lower Austrian company said today (Thurs) it achieved a turnover of 1.63 billion Euros in the first half of the 2010/2011 business year, 0.3 per cent less than in the same period of the previous business year.EVN added that its […]

Rosenbauer’s flame less bright

Categories
Business

Upper Austrian fire truck and fire-fighting equipment producer Rosenbauer International AG (Rosenbauer) has suffered a slight setback.The company’s earnings before interest and taxes (Ebit) declined by 15 per cent to 6.9 million Euros from the first three months of 2010 – when the firm did extraordinarily well – to the same time span of this […]