Booming world economy to boost Europe, says WIFO

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Business

Europe’s economies will strongly benefit from thriving world markets, a leading think tank has claimed.Vienna’s Institute for Economic Research (WIFO) announced today (Fri) that the global economy will have grown by 4.4 per cent year on year in 2010 and by around 4.1 per cent the following year before a 4.6 per cent improvement is […]

NGOs shocked by ‘deadly’ development aid cutbacks

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Politics

Federal President Heinz Fischer has claimed he is “deeply hurt” by the government’s decision to slash its development aid spending from next year.However Fischer, who attended the 2011 budget speech by People’s Party (ÖVP) Finance Minister Josef Pröll in the federal parliament in Vienna today (Tues), also stressed that he had understanding for the planned […]

Austrian industry’s turnover up

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Business

Turnover of Austria’s productive sector improved by more than seven per cent year on year in July, it has been reported.Statistik Austria said today (Fri) the companies in the country’s industrial and construction branch rose by 7.7 per cent to 19.3 billion Euros.The sector’s metal production department did best. The sector’s monthly turnover soared by […]