Private businesses have higher payment morale than public institutions, research has shown. KSV 1870 (KSV), a federal association for the protection of creditors, said yesterday (Thurs) debtors in Austria paid up after an average 30 days. The organisation – which investigated payment statistics in June – explained it took 38 days until public institutions like […]
Tag: firms
Germany is challenging Austria’s position as a top investor in Croatia. Figures presented by the Croatian National Bank (HNB) today (Fri) reveal that German companies spent 131.8 million Euros in the country in the first quarter of this year, more than any other country. German firms only spent 90.4 million Euros in the same time […]
Export economy is back on track
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The Austrian import and export industry is nearing pre-crisis levels, figures presented today (Fri) confirm. Federal statistics organisation Statistik Austria announced that firms based in the country exported products worth 109.37 billion Euros in 2010, up by 16.7 per cent compared to 2009. The value of exports dropped by nearly 19 per cent from 2008 […]
Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company which also runs factories in Austria and Sweden among other countries announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]
Top-level managers of Austrias leading companies raked in a fifth more last year than in so-called crisis year 2009.Reports from today (Tues) have it that members of the executive boards of the 20 Austrian firms quoted on the Vienna Stock Exchange (WBAG) earned around 20 per cent more in 2010 than the year before when […]
Kapsch grabs Algerian assignment
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A Kapsch TrafficCom AG (Kapsch) affiliate is raking in a one-digit million-Euro sum by equipping a federal railway agency in North Africa with a radio system.Kapsch CarrierCom said today (Tues) it has been assigned to deliver and set up the system on a 110-kilometre route in Algeria. The firm refused to reveal any figures, but […]
Baumax upholds EE focus
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Tools and DIY equipment chain Baumax continues its expansion in Eastern Europe (EE).The Klosterneuburg-based firm opened a store in Pleven, northern Bulgaria, yesterday (Weds). The 12,000-square-metre shop is the firms fifth representation in the country.Baumax is active in nine European countries. Around 10,700 people are employed in its 152 shops of which 67 are located […]
Government introduces quota for females
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The federal coalition has been attacked from all sides of the political spectrum after agreeing on a quota for females in businesses close to the state.Social Democratic (SPÖ) Womens Minister Gabriele Heinisch-Hosek and Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner announced yesterday (Tues) that the decision will affect 55 companies in which the Republic of […]
New Ericsson Vienna office boss named
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Swedish telecommunication systems giant Ericsson has appointed a new head for its representation in Austria.The company announced today (Thurs) that Emil Nilsson will succeed Roland Nordgren as chief of its Central Europe department which is based in Vienna. Ericssons office in the Austrian capital is also in charge of the firms operations in Croatia, Bosnia-Herzegovina, […]
Drivers might be allowed to use the breakdown lane of motorways in Austria from next year.Klaudia Niedermühlbichler, a spokeswoman for road administration authority Asfinag, revealed today (Thurs) a plan to start running tests on the A4 eastern motorway between Vienna and Schwechat in Lower Austria in 2012.There has been discussion over whether motorists should get […]