Austrian hotel manager Rainer Ogrinigg is booked out after offering to allow guests to pay in Austrian Schillings and German Marks rather than Euros. Ogrinigg, who owns the Seehotel Grundlsee in Ausseerland in the Austrian lake district the Salzkammergut, confirmed it is now possible for guests to pay in German Marks. The offer was made […]
Most Austrians reject a later start of school. Viennese public opinion research agency spoke with 500 Austrians to find out more about people’s opinion regarding the start of primary and secondary schools in the morning. Only one in five (20 per cent) of the interviewed citizens said they were in favour of a reform which […]
The money the state poured into nationalised banks is lost, according to an economic expert. Franz Hahn of the Institute for Economic Research (WIFO) said today (Weds) that the Republic of Austria might not see the billions of Euros it had poured into Hypo Group Alpe Adria (HGAA), Kommunalkredit and Volksbank AG (ÖVAG) ever again. […]
Franz Gasselsberger has ruled out an engagement of Oberbank in Eastern Europe (EE). The Linz-based finance institute runs some branches in the Czech Republic, Slovakia and Hungary but concentrates on activities in Austria and Germany. Now its CEO said the plan was to continue “to grow in an organic way”. Gasselsberger told the Kurier: “We […]
The new owner of struggling supermarket chain Zielpunkt has rubbished rumours that he plans a sale. Business newspapers are speculating about a sale of the firm in the foreseeable future due to stagnating earnings and decreasing turnover. Zielpunkt has 300 stores in Austria. Most of them are situated in capital Vienna. The enterprise has around […]
Volksbank AG (ÖVAG) suffered losses of more than 1.3 billion Euros last year. Bank officials announced yesterday (Thurs) that the Viennese finance institute sustained a loss of 1.34 billion Euros in 2011. The news means that the Republic of Austria is robbed of its chances to demand the one billion Euros of participation capital back […]
The bosses of Austria’s most powerful companies are earning much more this year than in 2011, according to a survey. The Labour Chamber (AK) said yesterday (Thurs) that the chiefs of the 20 Austrian firms which were listed on the Vienna Stock Exchange (WBAG) would rake in 1.3 million Euros on average in 2012, up […]
The Viennese Greens plan significant cycling rule reforms. Several Viennese newspapers report today (Thurs) that the party of Vice Mayor Maria Vassilakou wants to lift the obligatory cycling path usage law. The restriction means that all cyclists have to use cycling strips wherever available. Abandoning the ruling could create a conflict between the city coalition […]
More and more people are using means of public transport as car fuel prices hit a new high. Diesel cost 1.42 Euros on average last month, according to car club Arbö while the price for Eurosuper soared to 1.46 Euros. Arbö underlined that motorway service stations were charging up to 1.59 Euros for one litre […]
The head of Austria’s leading oil and gas company has appealed to political leaders to take a stand for gas as a key future source of energy. Gerhard Roiss, who has headed OMV AG since 2011, told the Kurier newspaper that the European Union (EU) should make clear whether it supported the search for and […]