Consumer rights watchdogs have called on political decision-makers to take action as food is getting more expensive.Labour Chamber (AK) research focusing on the 41 most common products of daily life shows that Austrians are currently forced to fork out four per cent more for the same goods at supermarkets than in January. Flour price rates […]
Viennese hotels have introduced significant price increases as temperatures are on the rise, it has been revealed.Travel platform Trivago (www.trivago.co.uk/hotelprices) found today (Thurs) that a standard double room in the Austrian capital currently costs an average 134 Euros after just 99 Euros last month and 104 Euros in January. Trivago research shows that the current […]
Discount supermarkets in Austria are struggling to increase their market share, it has been reported.Austrian agricultural branch authority Agrarmarkt Austria (AMA) announced today (Weds) Hofer and Lidl had an overall market share of around 20 per cent. AMA explained the chains the two leading low-price foodstuff retailers in the country grew strongly between […]
Life keeps getting more expensive in Austria, figures presented today (Weds) show.Inflation rose by three per cent in February compared to the same month in 2010. This is the highest increase since October 2008 when the global economic downturn broke out. The price level soared by 3.1 per cent that month compared to October 2007.Last […]
OMV chief Wolfgang Ruttenstorfer has made clear a retreat from Libya is not on the firms agenda.The Austrian company is one of a few firms which are still getting oil from the North African country where the troops of political leader Muammar al-Gaddafi are combating opposition groups calling for democracy.Ruttenstorfer said yesterday (Weds) OMV would […]
Shops in eastern Austria have reported that Hungarians are engaging in panic-buying of sugar.Several managers of supermarkets and groceries in the Austrian province of Burgenland told local media today (Thurs) that their stocks of the product were sold out due to recent developments.Branch experts explain that Hungarians have started to cross the border to purchase […]
Car fuel costs nearly 10 per cent more than at the beginning of the year, a motorists association has claimed.Car club ÖAMTC announced today (Thurs) that one litre of car petrol cost up to 9.5 per cent more at the moment than it did in early January. The organisation pointed out that the recently introduced […]
Energy sector giant Verbund AG has suffered a turnover decrease.The Viennese firm, in which the Republic of Austria holds a 51 per cent interest, said today (Weds) its turnover shrank by five per cent to 3.3 billion Euros in 2010. Verbund added that its earnings before interest, taxes, depreciation and amortisation (Ebitda) declined by 15.4 […]
Almost 94,000 properties were sold in Austria last year, it was announced today (Weds).Land registry records show that 93,807 houses and apartments were sold in 2010, 12.7 per cent more than in 2009. The overall purchase price of the estates ranged around 17.25 billion Euros, up by 5.8 per cent year on year, according to […]
Philip Morris International (PMI) is the new number one on the Austrian tobacco products market, as figures presented today (Fri) show.Research group AC Nielsen said the American company held a 35.5 per cent share in Austria, while 34.5 per cent of cigarettes sold in the country in 2010 were products of Japan Tobacco International (JTI). […]