GDP climbs as real wages dwindle

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Business

More exports and higher activity of the country’s production sector have led to a 0.8 per cent increase of the Austrian gross domestic product (GDP) in the final quarter of last year, a think tank has announced.The Institute for Economic Research (WIFO) said today (Thurs) the GDP was 0.8 per cent higher between October and […]

Sacher bitter over new ice cream

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Business

Sacher bosses are irritated after a leading ice cream company has presented a Sachertorte flavour.In what is considered as an attempt to tackle Sacher’s unique reputation regarding its famous cake production, ice cream maker Eskimo brands the new product as the perfect birthday surprise.Enjoying a piece of Sachertorte – which was invented by Franz Sacher […]

GM Austria gets €50mn injection

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Business

A factory in Vienna has produced the 20-millionth gearbox for General Motors (GM), it emerged today (Thurs).GM Powertrain Austria boss Rudolf Hamp said GM decided to pour an additional 50 million Euros in the plant in Donaustadt district to improve the production process after the 20-millionth gearbox left the conveyor belt earlier this week.Hamp said […]

Harrison Ford ‘too lazy’ for movie production business

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Culture

Hollywood superstar Harrison Ford has revealed he is “way too lazy” to set up his own production company.Dozens of a-list actors have established their own movie production businesses in the past years, but the “Indiana Jones” star stressed he is not wasting a thought on such endeavours.”I’m way too lazy for that. I always wanted […]

Porsche assigns HTI

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Business

Automotive industry supplier High Tech Industries AG (HTI) has been contracted to produce interior parts for the production of a Porsche model.The Upper Austria firm, which is based in St. Marien bei Neuhofen, announced today (Mon) that it has agreed with the German car maker to withhold the value of the order.HTI added its plant […]

Lenzing turnover skyrockets

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Business

Cellulose fibre maker Lenzing AG raked in more than one billion Euros in the first nine months of this year.The company said today (Tues) that its turnover soared from 885 million Euros in the first three quarters of 2009 to 1.29 billion Euros in the same time period of this year.The firm, which is based […]

Listeriosis bacteria fish taken from shelves

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General News

Austria has been hit by another case of food containing Listeriosis bacteria.HMF Food Production announced today (Tues) the listeria bacteria have been discovered in its Almare Seafood smoked salmon on sale at discount supermarket Hofer. The company stressed that the products were inedible, adding that customers who bought it will be refunded.Hofer, which belongs to […]

Legero to expand Romanian factory

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Business

Rudolf Hampl, head of Austrian shoe producer Legero, announced plans to enlarge the firm’s production facilities in Romania.The company, whose headquarters are in Graz, started to relocate its production from Austria to Romania, India, Vietnam, China, Indonesia and Italy in 1993 due to financial reasons.Now Hampl said the plan was to become even more active […]

Hungarian toxic sludge no threat to Austria, says minister

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General News

Social Democratic (SPÖ) Health Minister Alois Stöger has said Austrians are not at risk after hundreds of thousands of cubic metres of toxic mud flooded a rural area in bordering Hungary.The minister said today (Weds) he could not imagine dried sludge being carried into Austrian airspace by winds, adding that he did not see the […]

Verbund interested in French hydroelectric plants

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Business

Austrian electricity provider Verbund wants to buy hydroelectric plants in the Pyrenees and the Alps in France, firm General Director Wolfgang Anzengruber said today (Fri).He said Verbund would compete for licences for plants operated by EdF and GdF-Suez that would be newly issued. Verbund would be interested in obtaining 10 per cent, or 5,000 MW, […]