The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
Tag: Mitterlehner
Verbund turnover shoots up
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Verbund AG has achieved a better turnover and higher earnings.The company Austrias busiest energy provider said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner has said he is ready to reattempt reforming Austrias youth protection regulations.Non-government organisations (NGOs) and opposition politicians have criticised decision-makers for years over the issue since laws strongly vary in all of the countrys nine provinces. The legal framework allows 16-year-olds to go out up to three hours […]
A high-ranking official is suspected of channelling large sums into leisure associations run by his wife.In a reaction to reports in the Austrian press, a spokeswoman for Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner said the embezzled European Union (EU) subsidies were “significantly lower than one million Euros”.The accused official has been suspended as prosecutors […]
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 […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner will meet with mineral oil industry bosses and petrol station chiefs to discuss soaring fuel prices.More and more Austrian drivers are fuming as petrol stations upped prices shortly before the Easter and the Whitsun weekend holiday breaks.A vast majority of 90 per cent of Austrians even think firms […]