Austrians groan under high prices

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Business

Complaints by consumer protection groups that politicians should do more about “reckless” speculations triggering soaring foodstuff prices are unlikely to recede considering new inflation figures. Statistik Austria announced today (Thurs) Austrians had to fork out 3.3 per cent more on various products and services of daily life last month than in June 2010. It was […]

Nespresso ‘to lay off hundreds’

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Business

Hundreds of jobs at Nestle Austria are at risk, according to a report. The Kurier revealed today (Fri) that the globally operating foodstuff giant decided to shut the Austrian representation of its Nespresso subsidiary. The firm confirmed the closure of the facility in Vienna which has orchestrated its operations in Central and Eastern Europe (CEE), […]

Ice cream price hike predicted

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Business

Sweet-toothed Austrians have been dealt little mouth-watering news.Economy Chamber (WKO) Silvio Molin-Pradel announced today (Fri) ice cream parlours in Austria will charge around 20 Eurocents more for a small cone this summer. Molin-Pradel explained businesspeople of the trade decided to react to rising foodstuff prices as the trade rates for cocoa, hazelnuts and other products […]