Therme Linsberg Asia celebrates fifth year anniversary

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Business

The Therme Linsberg Asia wellness resort in Bad Erlach, Lower Austria is celebrating its fifth year anniversary. In the past year 1.250.000 people have visited the spa and after a somewhat difficult start the Linsberg Asia is reporting positive results. There were 270,000 overnight stays, over 1600 seminars and around 93,000 spa treatments. Managing Director […]

Pfeiffer Group invests in Zielpunkt

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Business

An Upper Austrian food industry company has purchased a Zielpunkt stake of nearly 25 per cent. The Traun-based Pfeiffer Group announced yesterday (Thurs) it acquired a 24.9 per cent interest in its Viennese rival. The company, which concentrates on the management of supermarkets in Upper Austria, did not say how much it paid for the […]

VIA mall planned

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Business

Vienna International Airport (VIA or VIE) bosses have spoken about their intention to build a shopping centre. Flughafen Wien (FW) – which operates Austria’s biggest airport – said yesterday (Weds) a 10,000-square metre mall would be constructed in the direct vicinity to VIA in the coming years. The firm said it wanted to set up […]

Hotels cut down investments

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Business

Austrian hotels are reducing their investments, according to a bank focusing on financing tourism projects. The Austrian Hotels and Tourism Bank (ÖHT) said yesterday (Tues) it provided hotels across the country with loans worth 880 million Euros in 2011. The tourism industry businesses financed 1,800 renovation, restoration and expansion projects with the funds, according to […]

Pensioners to get more in 2012

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Politics

The government and pensioners’ union officials agreed to increase pensions next year. Karl Blecha, who represents the Social Democratic pensioners, and his conservative association partner Andreas Khol met Social Democratic (SPÖ) Chancellor Werner Faymann and People’s Party (ÖVP) Vice Chancellor Michael Spindelegger for talks in Vienna yesterday evening (Mon). ÖVP Finance Minister Maria Fekter and […]

E-cars may become mass phenomenon, Verbund boss says

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Business

The head of Austria’s biggest electricity provider has claimed electric cars (e-cars) could be established in Austria in less than 15 years. Verbund AG chief Wolfgang Anzengruber told the Kurier: “E-cars will either be a fun topic or something affecting the masses (in 2025).” The ex-Palfinger boss made aware of polls “30 years ago” revealing […]

Austria ‘shipped arms to Syria’

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Business

Austria supplied Syria with armoured vehicles in 2006, according to an investigation by Amnesty International (AI). The group announced yesterday (Weds) Austrian firms delivered vehicles of such kind worth two million Euros to the Arabian country that year. AI added the same type of vehicles were shipped from Austria to Yemen in 2006. AI criticised […]

Salary accord a ‘burden’, says Sorger

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Business

Federation of Industries (IV) chief Veit Sorger has warned that yesterday’s (Tues) metal industry salary negotiations agreement would “intensify the pressure on companies to rationalise.” Sorger is quoted by the Kurier as saying that the agreement – under which the 165,000 workers will get 4.2 per cent more from November – was a “great burden” […]

GM to invest €50mn in Vienna

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Business

Fifty million Euros will be invested in General Motors’ (GM) Powertrain factory in Vienna next year, it has emerged. Michael Lewald, who has managed the facility since August, told the Kurier today (Weds) the plan was to spend 50 million Euros in investments in 2012 after 70 million Euros this year. “I will ensure that […]

Metal industry labour dispute settled

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Business

Around 165,000 Austrian metal industry workers will earn 4.2 per cent more from next month. Unionists and company representatives agreed about stronger increases of low salaries and one-off payments to employees of the sector in a 14-hour discussion at the headquarters of the Federal Economy Chamber (WKO) in Vienna which ended at 4am this morning […]