Austrian economy recovers, says OECD

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Business

The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based institution announced yesterday (Tues) that the small alpine state’s economy had chances to do 0.8 per cent better in 2012 than in 2011 before achieving an improvement of 1.6 […]

Cooperating clinics ‘can save €2bn’

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Business

A study has made aware of immense savings potential in the health sector. The investigation – carried out by the Institute for Advanced Studies (IHS) – shows that Austria’s clinics could cut their costs by two billion Euros in the coming five years by cooperating more closely. IHS experts said hospitals should specialise on certain […]

Controversial disco drinking contest called off

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General News

Managers of a discotheque have come under fire for planning to stage a drinking event in which the winner gets an all-terrain vehicle (ATV).The owners of the night club located near Linz in Upper Austria outraged addiction prevention campaigners and politicians by announcing an extraordinary boozing contest. They informed party-makers on their website that the […]

OECD forecasts economic recovery

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Business

The Austrian economy will develop better than the Eurozone average, the Organisation for Economic Co-operation and Development (OECD) has predicted.The international organisation said today (Fri) that the Austrian gross domestic product (GDP) will grow by two per cent annually between this year and 2012.The OECD added it expected the Eurozone’s economy to grow by just […]