Austrian economy falls in line with the European trend

Categories
Finance

By Matej Klenovský. Translation by Tomáš Buš Austria is in line with the current economic trend in Europe, according to several economic indicators made public in Austria on Friday. Analysis of the results of the indicators show that at the moment, there is a moderate decrease, almost stagnation, in the price levels. Meanwhile, industrial production […]

Property price rise continues

Categories
Business

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 […]

Schoenbrunn Zoo gets romantic

Categories
General News

Romance will be in the air this Friday at Schoenbrunn Zoo as tickets for two are offered at a discount price and a special tour teaches visitors about the love lives of animals. Pairs of tickets bought using the password ‘Valentines Day’ will be on offer for a total price of 15 Euros on Friday […]

Austrian central bank downplays real estate bubble fears

Categories
Business

The Austrian central bank has downplayed concerns over whether the real estate bubble in Vienna and the rest of the country could shake financial stability. However the central bank said on Monday it will be monitoring the situation by creating a new fundamental price indicator. Residential real estate in Austria increased 39% between 2007 and […]

Egyptian holidaymakers have to be flexible says tourism boss

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General News

Tourism bosses are urging people that had planned holidays to Egypt to be flexible after a travel warning was issued for the country. Many people who had planned to travel to Egypt have had their flights cancelled as the crisis escalates in the country – many flights up until mid September have been cancelled. People […]

Family get trapped in lift on Pyramiden-Kogel

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General News

A family was trapped in a lift whilst trying to reach the viewing platform of the newly opened Pyramiden Kogel in Keutschach, Carinthia. On the last ride of the day the doors would not open to release the family – only after some minutes was it possible for the doors to be opened. This is […]

Petrol stations twice the price of supermarkets

Categories
Business

By Rob Hyde in Vienna. Customers shopping at petrol stations Austria are having to pay almost twice as much as in supermarkets, a recent report shows. Statistics published by the Chamber of Labour (AK) reveal that the price of purchasing food, drinks and general items from the petrol pump stores works as 48 per cent […]

Hotels cost most in Innsbruck according to study

Categories
General News

Hotels are more expensive in Innsbruck than in any other part of Austria according to a new study by the online booking portal hotel.info. The study also found that in general across the country Hotel prices have risen on the previous year by around 4.32%. In Innsbruck there are the highest prices as opposed to […]

Vienna backs down over parking and offers 15 minutes free

Categories
Politics

The newspaper “Kurier” reported that the coalition of SPÖ and the Green Party in Vienna have decided to introduce a new free 15-minute parking ticket. It will be issued starting in September. Traffic councilor and vice mayor Maria Vassilakou (Green Party) kept her promise to examine the proposal of the driver’s clubs ÖAMTC and ARBÖ. […]

Price rise set for many in Vienna housing associations

Categories
Politics

By Matthias Loinig The year 2013 is going to start off an expensive one for more than  2,500 people living in Vienna housing associations. The reason is that building contracts that were signed 60 years ago will run out from the end of 2012. Many of the buildings were built in the 1920s when there […]