AUA ticket price hike likely

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Business

Austrian Airlines (AUA) bosses have warned that ticket prices may rise in the near future.AUA co-chief Andreas Bierwirth said today (Fri) that the airline could increase its kerosene surcharge depending on developments in Libya.The regime’s army killed hundreds of people who took to the streets to call for democracy and free elections. Libyan leader Muammar […]

Libyan turmoil fuels oil price level

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Business

Car fuel sold at petrol stations in Austria is set to become significantly more expensive.The price for one barrel of Brent oil reached a three-year high at nearly 120 US dollars (87 Euros) today (Thurs) due to the riots in Libya, a major oil producing country. The cost for one barrel or 159 litres of […]

McDonald’s serves up price hike

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Business

The Austrian branch of fast food chain McDonald’s has said it will increase its prices.The company said today (Thurs) that the average price of its products – which include whole meals like burgers with French fries but also wraps and coffee – will increase by between one and 1.5 per cent this year.”There will be […]

Spar Austria boss appeals to EC over food speculation

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Business

Spar Austria chief Gerhard Drexel has called on political decision-makers to “prevent” speculation on agricultural products.Business experts have warned that increased speculation on the trade rates of cereal products and other foodstuffs may lead to significant price increases in supermarkets around the world.Asked by the Kurier newspaper whether shoppers will have to bear the brunt, […]

Building project costs soar up

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Business

Prices in the construction sector rose by nearly four per cent year on year in 2010, Statistik Austria has announced.The agency said today (Thurs) that costs climbed by 3.9 per cent. It explained that roadwork activities were 5.5 per cent more expensive in 2010 than in the previous year, adding that bridge construction rates jumped […]

Household energy costs soar up

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Business

Austrian households’ energy expenditure continues to climb, new figures show.The Federal Energy Agency announced today (Mon) that Austrians had to pay 8.9 per cent more for the same energy goods and services last December than in the same month of 2009.The authority’s Energy Price Index (EPI) – which also takes car fuel rates into account […]

Salzburg petrol stations charge more than German rivals

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Business

Car fuel is more expensive at Austrian motorway petrol stations than at those just over the German border, a motorists’ association has said.Arbö announced today (Weds) that diesel petrol cost 7.5 Eurocents more at stations on motorways in the Austrian province of Salzburg than at petrol stations a few hundred metres over the border in […]

Diesel sales soar despite price hike

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Business

Austrians bought more diesel fuel in 2010 while the demand for regular car petrol declined year on year.The Federal Mineral Oil Association FVMI announced today (Tues) that Austrian petrol stations and industrial petrol providers sold 7.3 billion litres of diesel petrol in 2010, 3.7 per cent more than the year before. The association also said […]

Tyres price hike warning issued

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Business

Car tyres may get more expensive soon, an industry representative has warned.Continental AG board member Nikolai Setzer said today (Thurs) soaring rubber trade rates could lead to higher customer prices. He added price hikes of seven to eight per cent were possible if price developments on the global trading market do not calm down.Hanover-based Continental […]

High car fuel tax rate exposed by study

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Business

A leading motorists’ association has criticised the high car fuel taxation rate in Austria.Arbö announced today (Mon) that 57 per cent of the price for one litre of normal car fuel and 52 per cent of what drivers have to spend on a litre of diesel are pocketed by the finance ministry.The car club stressed […]