The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry. Christoph Neumayer told the Kurier that the European Union (EU) should concentrate on creating ideal circumstances for its industrial sector. Neumayer claimed such a strategy would help in getting through the economic crisis. The […]
Young businesspeople expect a worsening of the economic climate – but they are also convinced of being able to weather the turmoil. The Association of Young Entrepreneurs said yesterday (Tues) it interviewed 2,200 self-employed Austrians in the past weeks. Around seven in 10 of them expect a new crisis but only two per cent fear […]
Würth Austria saw its highest ever turnover in 2010.The company said today (Fri) that it achieved a turnover of 142 million Euros in 2010, up by five per cent year on year the biggest increase since it started doing business in 1962.Würth Austria, which is based in the Lower Austrian town of Böheimkirchen, said […]
Austrian IT companies are in an upbeat mood, a poll has shown.Market research group IDC Austria said today (Fri) that around two thirds of the countrys IT and telecommunications firms expected to be “significantly more successful” this year than they were in 2010. IDC Austria interviewed managers of 182 companies in the field.The Viennese agency […]
There have been 1,400 new Austrian exporters since the inception of Go International initiative in April 2009.The figures were revealed by Dr Christoph Leitl and Reinhold Mitterlehnerfrom the Austrian Ministry of the Economy and the Austrian Federal Chamber of Commerce (WKÖ) at the opening of the 8th Austrian Export Day of the Austrian Foreign Trade […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner claimed Austria was “positioned to achieve sustainable growth” as the Organisation for Economic Co-operation and Development (OECD) predicted a bright future was ahead for the countrys economy.The body announced today (Weds) it expected Austrias economy to grow by 1.4 per cent year on year in 2010. Its most […]
The Greek financial crisis will have no immediate impact on Central and Eastern European countries (CEEs), according to Erste Bank analysts.Erste chief analyst Fritz Mostböck said yesterday evening (Thurs) that the crisis might delay adoption of the Euro by CEEs, which had been expected to occur in 2015 or 2016.He noted Poland and Bulgaria had […]
Upper Austrian car industry supplier HTI hopes for positive figures this year after a decline in turnover in 2009.Company boss Peter Glatzmeier said today (Fri): “The past year was a difficult year in which restructuring measures dominated our activities.”Glatzmeier added he hoped for positive business results in 2010.Turnover of the firm based in St. […]
Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austrias industrial branch to grow “by at least four per cent” this year.Bruckbauer said today (Thurs) preliminary figures showed a record increase from foreign companies in demand for Austrian industrial firms products this month.”These developments confirm that Austrias industrial branch is to become a decisive […]
A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]