Consumer watchdogs are expected to launch another scathing attack at energy providers at it emerged that energy and gas became more expensive in Austria while prices declined on average in the European Union (EU).Eurostat, the European Commissions (EC) statistics agency, announced today (Fri) that the average price for energy provided to EU households dropped by […]
Tag: prices
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner will meet with mineral oil industry bosses and petrol station chiefs to discuss soaring fuel prices.More and more Austrian drivers are fuming as petrol stations upped prices shortly before the Easter and the Whitsun weekend holiday breaks.A vast majority of 90 per cent of Austrians even think firms […]
Central and Eastern European (CEE) economies in trouble and expensive hazelnuts are hurting Viennese sweets producer Manner financially.The firm reported today (Weds) that its turnover declined by 6.7 per cent year on year to 35.8 million Euros in the first quarter of 2010. Turnover declined substantially in Slovenia, Hungary and Croatia and also fell in […]
VCÖ makes 350mn kerosene tax call
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Austrian Traffic Club (VCÖ) officials have claimed Austria was losing out on around 350 million Euros of annual revenues by not charging taxes on kerosene.VCÖ expert Martin Blum branded the situation an “indirect subsidisation of the aviation industry.”Blum said today (Weds) the government would garner around 355 million Euros per year if it decided to […]
Soaring fuel prices brisk inflation
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Last month saw inflation rise at its most dramatic rate in more than one year, official figures released today (Fri) show.State agency Statistik Austria reported inflation rose by two per cent in March compared to the same month of 2009, the highest year on year increase since developments in November 2008.Soaring car fuel and heating […]
A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]
The prices of petrol and diesel-fuel in Austria are lower than the EU average, the Economics Ministry said today (Fri).The averge price of a litre of Eurosuper 95 petrol in Austria on 8 March had been 1.143 Euros, compared to the EU average of 1.295 Euros, a difference of 15.21 cents a litre.In addition, the […]
Lenzing 2009 earnings crash
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Upper Austrian fibre producer Lenzing AG reported today (Thurs) that its results had been significantly worse in 2009 than in 2008.Lenzing said its earnings before interest and taxes (Ebit) had declined by 23 per cent year on year to 100.7 million Euros and its earnings before interest, taxes, deprecation and amortisation (Ebitda) had fallen by […]
Vienna flat prices up
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Prices for owner-occupied and rented flats in Vienna soared last year, according to new research.Real estate platform immobilien.net said today (Weds) prices for owner-occupied flats in the capital rose by six per cent to an average 2,446 Euros per square metre in 2009 year on year.It added rent prices after tax meanwhile increased by two […]