By Rob Hyde Austria has won back 416,7 million Euros deposited in Switzerland since the two countries signed a special tax agreement. Since the start of the new information-exchange at the start of 2013, 13,600 Austrians have come forward and divulged details of assets they have based in Switzerland. The investors, who managed to declare […]
Tag: investments
Lower Austrian election date fixed
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Lower Austria’s regional Governor Erwin Pröll has announced plans for the elections in the region to take place next year on 3 March. Announcing the decision he said that the work of the local government would continue right up until the last minute and that the election campaign that followed, which would probably start on […]
Strabag bags record order in Romania
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Strabag SE has said it hopes to win more Romanian roadwork assignments after being engaged to build a motorway for more than 160 million Euros.The Viennese company announced today (Weds) it saw good chances to get further orders in the Eastern European (EE) country after agreeing about the construction of a 24-kilometre (km) stretch in […]
Strabag upbeat despite less activity
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Strabag SE chief Hans Peter Haselsteiner is optimistic despite a decline in building activity.Haselsteiner said today (Mon) that his Vienna-based construction company carried out assignments worth 12.78 billion Euros last year, down by 1.9 per cent compared to 2009.He said: “We will be able to increase our performance by five per cent to 13.5 billion […]
Austria drops in EU innovation ranking
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Austria has been left behind by Belgium in the European Commissions (EC) latest Innovation Union Scoreboard.Austria comes seventh in the ECs 2010 edition of the study which examines the conditions for innovations in the European Unions (EU) 27 member countries. The country came sixth in 2009 but has been overtaken by Belgium in the most […]
Political decision-makers are at odds over what conclusions to draw from economic predictions made today (Fri).The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) announced they expected the Austrian economy to recover quicker from the credit crunch than initially predicted.IHS said the countrys gross domestic product (GDP) will rise by 1.8 […]
Verbund chief Wolfgang Anzengruber has said planned investments might be delayed due to the continuing debate over a capital increase.The government has been at odds for weeks over whether it should console the energy provider with 500 million Euros in an overall one-billion-Euro capital increase. The Austrian State holds a 51 per cent interest in […]