Company foundation figures contradict midlife crisis claims

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Business

New figures debunk myths that businesspeople in Vienna are in midlife crises.The city’s Economy Chamber (WKW) said today (Weds) that, with 21 per cent, more than one out of five people were aged 45 and older when they decided to set up their own companies last year. The organisation explained that the share of those […]

Water’s lithium rate may affect suicide rate

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General News

High amounts of lithium in tap water could keep the suicide rate low, a new study suggests.Researchers of Vienna’s Medical University (MedUni) found out that many areas with comparably higher amounts of the chemical element in tap water – which can be consumed across Austria – have a lower suicide rate than areas with less.The […]

Half of Austrians unimpressed by crisis comeback concerns

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Business

Only three per cent of Austrians say they are not at all worried about another crisis.Pollster Market said today (Thurs) just three in 100 citizens had no concerns at all about a comeback of the recession in the foreseeable future. The agency added that 50 per cent of Austrians were “rather not worried” while six […]

Food prices soar beyond inflation rate

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Business

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 […]

Jobless rate shrinks as EE jobseeker barrier set to expire

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Business

Austria has registered a significant decline in unemployment.Official figures presented today (Fri) show that fewer than 253,000 people were out of work last month, down by 5.2 per cent compared to March 2010. This development means that the federal jobless rate shrank for the 13th month in a row.The federal labour ministry of Social Democrat […]

Vienna jobless rate rises

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Business

Vienna’s unemployment rate has risen significantly.Statistik Austria said today (Tues) 7.6 per cent more people were without a job in the city last month than in February 2010, while all of Austria’s other eight political regions registered declines.The overall Austrian unemployment rate was 4.3 per cent last month, down slightly year on year and compared […]

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 […]

More break-ins in Vienna

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General News

The number of burglaries in Vienna is on the rise again, according to a report.The daily Kronen Zeitung newspaper cites a secret police document which shows that eight per cent more houses were broken into in the city in the final three months of last year compared to the same time span of 2009.Police in […]

Out of wedlock birth rate up

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General News

More than four in 10 babies were born out of wedlock last year, figures presented today (Thurs) reveal.Austrian statistic authority Statistik Austria announced that 40.1 per cent of all babies born in 2010 were born out of wedlock, up slightly from 39.2 per cent in the previous year.Carinthia registered the highest share of illegitimate births […]

Nearly 3,000 foreigners launched firms in Vienna last year

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Business

Almost 3,000 non-Austrians set up new companies in Vienna in 2010, according to the city’s Economy Chamber (WKW).The WKW said today (Weds) that 2,900 bosses of new firms were foreigners, adding that another 5,000 Austrians established their own businesses in the capital in the past year.The organisation announced that the overall number of company foundations […]