The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more. One of the reasons is that the shortage of available property is resulting in many appartements being renovated and also investment in attic […]
The owners of the popular sweet manufacturers Schwedenbomben recently rescued from insolvency after it was sold to Heidi Chocolat S.A. are planning to invest heavily to allow for expansion into new markets. The new owners say that the expansion plans mean that they are hoping to increase production by 70% and that means that even […]
It is thought talks are currently taking place between “dayli” owner Rudolf Haberleitner and a polish cosmetic manufacturer on possible investment to save the future of the Schlecker-successor. Rudolf Haberleitner said the time was ticking and that he would have to start administration proceedings if an investor did not show up this week. There will […]
2012 has been a successful year for the wealthy in Austria. The numbers of Austrian millionaires has increased by 5,500 people (10%) to 77,600 people. They own a third of the total private assets. In total, Austrian millionaires own assets of 245 billion Euros. Every Austrian millionaire owns 3.15 million Euros on average. Family Porsche/Piech […]
Austrian crystal maker Swarovski has snapped up a share in the Indian jewellery firm Tara Jewels. According to information from inside the company the deal was signed in December by the Swarovski investment firm Crystalon Finanz AG based at Meilen in Switzerland. The jeweller based in Mumbai employs 1,740 staff and has 30 stores in […]
Austrian Canadian businessman Frank Stronach has invested another 1,000,000 euros in his political party which he founded recently to fight in the next election in Austria. According to a new law from the first of July any donations over 50,000 euros need to be registered with the Federal auditors. That means also any donations made […]
The Austrian building business is once again booming after the financial crisis fuelled by heavy investment in property as fears grow over financial markets. In the western Austrian province of Salzburg business is booming the most. According to the latest statistics from Statistic Austria the volume of building contracts has increased by 80 per cent […]
Yamaha, the Japanese owner of Bösendorfer, has introduced a new chief executive at the tradition-rich piano maker.Yamaha announced today (Weds) that Bösendorfer deputy managing director Brian Kemble will succeed Yoshichika Sakai who has headed the Vienna-based firm since 2008. Yamaha explained Sakai will return to Japan to focus on new projects at its piano department […]
An extensive investment in facilities at the Katschberg ski resort in Salzburg is set to be completed this year with a further investment of 10 million euros to ensure all of the lifts are fast and modern.The latest investment which is set to begin in May with the replacement of the last of the old […]
Only 10 per cent of Austrians focus on increasing their assets when making investments, according to a survey.One in 10 of the 1,000 Austrians interviewed by research agency Spectra said their chief priority is making a profit when it comes to choosing how to invest their money.Almost seven out of 10 Austrians (67 per cent) […]