Hypo Group Alpe Adria (HGAA) has made a profit for the first time in four years. The struggling finance institute – which had to be nationalized in December 2009 – said it managed to make profits of 59 million Euros last year. The Klagenfurt-based bank headed by Gottwald Kranebitter sustained a loss of more than […]
Austrian postal services provider Post AG has managed to increase its turnover despite lower interest in sending letters. Post AG chief Georg Pölzl said yesterday (Thurs) that the firm’s turnover rose by 4.2 per cent from 2010 to 2011 to 2.3 billion Euros. He explained that his company registered significantly fewer posted letters and postcards […]
The Viennese government plans to offer affordable apartments to young families and singles who are on a low income. Viennese Social Democratic (SPÖ) Housing Councillor Michael Ludwig said at the SPÖ Vienna’s summit in Rust, Burgenland, yesterday (Thurs) that his department would create 2,000 “smart flats” within the coming two years. Ludwig said the apartments […]
The future of Austrian Airlines (AUA) remains uncertain as negotiations between the firm’s board, Lufthansa managers and works council chiefs have been postponed. AUA boss Jaan Albrecht announced yesterday (Tues) that negotiators decided to continue discussing the various planned reforms until the end of this month. Reports have it that the Austrian Trade Union (ÖGB) […]
Gebrüder Weiss CEO Wolfgang Niessner has revealed plans to invest in Austria and the Czech Republic. Niessner said today (Weds) that his company – one of Central and Eastern Europe’s (CEE) leading transport and logistics enterprises – considered expanding some of its facilities. He said that the provinces of Salzburg, Lower Austria and Upper Austria […]
People’s Party (ÖVP) Finance Minister Maria Fekter has admitted that another Austrian bank may need more money. Fekter told radio Ö1 on Saturday that KA Finanz could have a demand of one billion Euros. The finance institute was created in 2008 as the bad bank of nationalised Kommunalkredit. Fekter’s statement comes shortly after her party […]
The number of unemployed people is on the rise in Austria. Statistik Austria announced yesterday (Thurs) that 310,000 residents of the country had no job in February. This is an increase of 6.1 per cent compared to the same month of 2011. Styria experienced the strongest increase among Austria’s nine provinces at 9.4 per cent. […]
ATV has been robbed of its standing as Austria’s most popular private TV station. Puls 4 overtook its key rival for the first time in four years thanks to a market share of 3.2 per cent last month. ATV garnered a stake of three per cent, according to TV consumption research released yesterday (Thurs). ServusTV, […]
The first coffee maker on wheels has arrived in Vienna. Budding barista Felix Veres has been driving his cafe converted Piaggio Ape around the capital since the start of January, seving coffee on the move. Whist mobile cafes have been a feature of city’s such as Hamburg and Amsterdam for some time now, they have […]
The head of Austria’s leading finance institute has shown understanding for the latest bank tax hike and confidence concerning more severe equity ratio regulations. Andreas Treichl, the CEO of Erste Bank Group AG (Erste Bank), said yesterday (Weds) he was not surprised by the government’s decision to jack up the bank solidarity charge by 25 […]