A real estate expert has expressed concerns about property prices in Austria. Thomas Malloth told the Kurier today (Thurs): “The question is whether the middle class will manage to afford it in the near future if things keep developing this way.” Malloth said annual statistics reveal that all kinds of properties – cheap flats in […]
Prices climbed by more than two per cent last month. Statistik Austria said yesterday (Weds) the inflation rose by 2.3 per cent, meaning that the average price of predicts and services on offer in Austria climbed to this extent from April 2011 to the same month of this year. This is the lowest rise since […]
A climate expert has called on lawmakers to provide people with cheap public transport tickets as petrol prices continue soaring. Stefan Schleicher of the Institute for Economic Research (WIFO) said yesterday (Thurs) the current situation posed a “unique chance” for decision-makers. Schleicher told radio channel Ö1 that politicians should offer affordable long-term tickets for means […]
OMV AG chief Gerhard Roiss has claimed that psychological aspects often matter more regarding the price of oil than fundamental grounds. Roiss called the increase of car fuel prices a “delicate topic”. He said the price for mineral oil might rather drop in the future than rise further. But Roiss also stressed that he was […]
An opposition party wants jail sentences for energy sector businesspeople while the government plans to increase the financial support of drivers. Alliance for the Future of Austria (BZÖ) head Josef Bucher announced yesterday (Weds) stricter penalties were needed to stop mineral oil firms from not passing on international trading developments to customers. Bucher said Austrian […]
Predictions that the Austrian inflation will decelerate this year appear to be correct. Products and services on offer in the country cost 2.4 per cent more last month than in March 2011. This increase followed a price jump of 2.6 per cent between February 2011 and February 2012. The annual inflation soared by 3.3 per […]
The price for petrol keeps increasing, new figures show. Motorists’ association ÖAMTC announced that one litre of diesel fuel cost 1.473 Euros on average yesterday (Tues). The organisation pointed out this was a significant increase compared to last Friday’s average price of 1.439 Euros per litre, let alone to prices 10 years ago. One litre […]
The Austrian Competition Authority (BWB) has asked the country’s leading oil companies and petrol station managers to comment on the current price developments. The BWB announced yesterday (Weds) it had decided to take a closer look at the recent pricing occurrences due to an increasing number of complaints by citizens and car clubs. The authority […]
More and more people are using means of public transport as car fuel prices hit a new high. Diesel cost 1.42 Euros on average last month, according to car club Arbö while the price for Eurosuper soared to 1.46 Euros. Arbö underlined that motorway service stations were charging up to 1.59 Euros for one litre […]
The head of a cut-price petrol station company has revealed expansion plans. Free Energy Trading (FE) boss Markus Friesacher said today (Weds) his enterprise started constructing a new no-frills service station in Slovenia. It is the first time that FE gets active abroad. The company currently manages 30 low-cost petrol stations across Austria. Customers pay […]