By Matej Klenovský. Translation by Tomáš Buš Austria is in line with the current economic trend in Europe, according to several economic indicators made public in Austria on Friday. Analysis of the results of the indicators show that at the moment, there is a moderate decrease, almost stagnation, in the price levels. Meanwhile, industrial production […]
Tag: goods
The Styrian mechanical engineering firm Andritz has secured a 50 million Euro deal in China. The stock-listed company is to deliver ovens and equipment for the “Tangshan Iron and Steel Group”. The new tempering lines are for the production of highly resistant steel goods to be used in the automobile industry. The Styrian firm will […]
Austria’s state railway system could be facing a multi-million pound bill if Italian officials are correct and that many of its goods wagons have got faulty wheels thanks to outsourcing in eastern Europe. According to a report on the Austrian state broadcaster the ORF, a Slovakian subsidiary firm of the rail company is responsible for […]
DHL centre opens at VIA
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A subsidiary company of Deutsche Post AG has opened a logistics and competence centre in Austria.German postal services provider Deutsche Post said today (Mon) its express mail branch DHLs Global Forwarding department started operating a cold warehouse at Vienna International Airport (VIA).Deutsche Post explained DHL will store temperature-sensitive products at the site but also work […]
Food prices soar beyond inflation rate
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Consumer rights watchdogs have called on political decision-makers to take action as food is getting more expensive.Labour Chamber (AK) research focusing on the 41 most common products of daily life shows that Austrians are currently forced to fork out four per cent more for the same goods at supermarkets than in January. Flour price rates […]
GDP climbs as real wages dwindle
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More exports and higher activity of the countrys production sector have led to a 0.8 per cent increase of the Austrian gross domestic product (GDP) in the final quarter of last year, a think tank has announced.The Institute for Economic Research (WIFO) said today (Thurs) the GDP was 0.8 per cent higher between October and […]
Austrian GDP edges up
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The Austrian economy is continuing to recover from effects of the global downturn, new figures confirm.The Institute for Economic Research (WIFO), a Viennese think tank, said today (Tues) that the Austrian gross domestic product (GDP) rose by 0.6 per cent in the fourth quarter of 2010 compared to the previous quarter of the same year.WIFO […]
Austrias sporting goods retail sector achieved above-average growth last year, it has been announced.Branch officials said today (Fri) that the sector managed to increase its business activities by 3.3 per cent year on year. They underlined that the countrys retail sector grew by just 2.2 per cent at the same time.Experts said sport equipment shops […]
OeNB ups economic outlook
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The Austrian National Bank (OeNB) said today (Fri) it expected the Austrian economy to grow by 2.1 per cent year on year.OeNB announced only in June that the countrys economy could improve by 1.8 per cent in 2011 compared to this year.The banks latest estimation is also more optimistic than recent predictions by Austrias leading […]
Two Bulgarian truck drivers were arrested after they stole goods worth 30,000 Euros during a weekend lorry drive ban in Styria.Police in Trieben said today (Tues) the pair were informed about the weekend drive ban for trucks and ordered to stop their journey on Friday.The men aged 37 and 38 were arrested on […]