Financial sector staff will get more from next month, it has been announced. Negotiators agreed about an income increase of 3.47 per cent on average yesterday (Thurs). The decision came after clerks were given the all-clear by the Federal Trade Union (ÖGB) to down tools in an attempted pressure increase. They initially called for a […]
Bank Austria (BA) chief Willibald Cernko has admitted being “proud” of how his finance institute performed in the past years. The banker pointed out that BA was the only leading Austrian bank which did not sustain annual losses since the collapse of Lehman Brothers in 2008. The bankruptcy of the US investment bank kicked off […]
Wiener Linien has explained how it plans to compensate the partial shutdown of one of the city’s busiest underground lines. The company – which is in charge of public transport in Vienna – said there was no alternative to closing down the U1 line service between the stations of Reumannplatz in Vienna-Favoriten district and Stephansplatz […]
The Federal Trade Union (ÖGB) has been accused of “betrayal”. Dozens of Tyrolean Airways (Austrian Arrows) employees organised a demonstration outside the ÖGB’s Viennese headquarters yesterday (Tues) to make themselves heard. Works council officials complained that the ÖGB considered their firm as nothing but a pawn in the game as the feud between the executive […]
One of Vienna’s most prestigious hotels has a new owner. Austrian businessman Michael Tojner forked out 50 million Euros to snatch up the Vienna Intercontinental, business newspapers disclosed today (Fri). The deal will be finalised in May, according to Die Presse which reports that Tojner – a Vienna-based investor – has not yet decided about […]
Hypo Group Alpe Adria (HGAA) supervisory board head Johannes Ditz has said he is confident that the bank will manage to sell two affiliates. The former Austrian People’s Party (ÖVP) economy minister said today (Thurs) HGAA managed to “get rid of all possible risk factors” which could endanger a sale of its Austrian and Italian […]
Vienna International Airport (VIA or VIE) bosses have spoken about their intention to build a shopping centre. Flughafen Wien (FW) – which operates Austria’s biggest airport – said yesterday (Weds) a 10,000-square metre mall would be constructed in the direct vicinity to VIA in the coming years. The firm said it wanted to set up […]
A former BAWAG PSK (BAWAG) manager could take over at Volksbank AG (ÖVAG), according to reports. Business dailies claim today (Weds) that ex-BAWAG vice chief Stephan Koren – whose late father Stephan sen. served as Austrian People’s Party (ÖVP) finance minister between 1968 and 1970 – could be asked by the state to succeed Gerald […]
The city of Graz is planning to invest 350,000 Euros in creating a city wide rental bike system. The rental system will be based around a booking platform known as “Graz Bikes” that will be aimed at tourists and locals keen to try out the cycling possibilities in the region. The council agreed funding of […]
Austrian schools have only claimed around a fifth of the 1.3 million euros made available as part of an EU project to provide kids with fresh fruit and vegetables. In a study in Salzburg local officials said that only five of the schools and about two dozen kindergartens had joined in with the program. In […]