Austrian hotel prices on the rise

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Business

Hotel prices in Austria have edged up this month, it has been reported.On-line hotel comparison platform Trivago (www.trivago.co.uk/hotelprices) said today (Thurs) a standard double room in Austria cost 115 Euros per night this month, up by three per cent compared to the previous month.This means the price hike which occurred in Austria was less dramatic […]

Bread price hike ahead

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Business

Customers must brace for higher bread and pastry prices, bakers have warned.The Salzburg Bakers’ Association announced today (Tues) that a “disastrous” harvest has led to an immense increase of flour trade rates.The body also named global speculators as responsible for a 300 per cent price hike for cocoa and a 70 to 80 per cent […]

Massive oil change price gaps uncovered

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Business

Motorists are infuriated after a survey revealed dramatic differences between prices charged for oil changes at garages in the province of Styria.The Labour Chamber (AK) announced today (Weds) its checks showed some garages demanded up to 210 Euros for changing a car’s oil while others invoice only 28 Euros.AK, who tested an overall 57 repair […]

High petrol prices avoid significant inflation drop

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Business

Soaring flat rent rates and car fuel prices have kept the Austrian inflation level from declining more significantly year on year than by just 0.2 per cent, new research has shown.State agency Statistik Austria announced today (Weds) the inflation rate was 1.9 per cent last month, down by 0.2 per cent compared to August 2009 […]

Austrian oil firms ‘ignore global market rates’

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Business

Austrian petrol firms pointing the finger at international trade developments are red-faced over revelations that they were behind soaring prices.The Federal Austrian Competition Authority (BWB) announced today (Fri) that domestic oil companies did not consider global price levels when it came to establishing the prices of diesel and regular fuel at petrol stations.BWB boss Theodor […]

Camcorder prices plunge

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Business

Camcorder prices have plummeted, an electronic consumer goods website reports.Experts from Geizhals.at, a price comparison platform, said today (Tues) camcorders were 27 per cent cheaper between April and June compared to the first quarter of this year.They added that prices for Blu-ray disc players dropped by an average 13.1 per cent in the second quarter […]

Soaring interest in safe investments sends up flat prices

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Business

Flat prices jumped in “crisis year” 2009 as many see condominiums as a safe haven for their money, according to a business expert.Thomas Malloth, head of the Federal Economic Chamber’s (WKO) real estate department said today (Weds) the value of owner-occupied flats rose by 3.5 per cent from 2008 to 2009.”Strong demand, especially in conglomerations, […]

AUA summer holiday ticket price hike ahead, say reports

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Business

Austrian Airlines (AUA) and Lufthansa are considering raising their ticket prices this summer, according to reports.Austrian business media write today (Fri) that tickets for continental flights by AUA will cost between 10 Euros and 20 Euros more from 1 July, while Lufthansa ticket prices will be upped by 22 June.Reports also have it that the […]

Austrian car fuel prices below European average

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Business

Austrian car petrol prices are lower than the European average.German motorists association ACE Auto Club Europa said today (Fri) Turkey topped the ranking with an average 1.88 Euros for one litre of petrol. It said fuel was cheapest in Russia where drivers pay just around 81 cents.ACE Auto Club Europa said car petrol cost an […]

SUV sales soar across Austria

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Business

Environmentalists’ concerns are rising as traffic researchers report a boom in sales of sport utility vehicles (SUVs).Traffic Club Austria (VCÖ) official Christian Gratzer said today (Thurs) there has been a 25 per cent year on year rise in sale figures of the gas-guzzling cars in Austria in the first five months of 2010.Gratzer said most […]