Austrian economy falls in line with the European trend

Categories
Finance

By Matej Klenovský. Translation by Tomáš Buš Austria is in line with the current economic trend in Europe, according to several economic indicators made public in Austria on Friday. Analysis of the results of the indicators show that at the moment, there is a moderate decrease, almost stagnation, in the price levels. Meanwhile, industrial production […]

OMV sees 4 per cent boost

Categories
Business

The listed oil producing company OMV increased its revenue in the first quarter of 2013 by 4 percent to 10.8 billion Euros compared to the same quarter of last year. The company not only managed to increase the revenue but also the net surplus by 52 percent to 951 million Euros. However, the surplus before […]

Wolford facing a tight budget

Categories
Business

The listed Vorarlberg tights and lingerie manufacturer Wolford ended up making in the first quarter double the losses made in the same quarter last year. The deficit increased from minus €1.8 million to minus €3.2 million. In comparison with the EBIT results however turnover increased significantly by 4.1% to €33.1 million. That was due to […]

Austrian ice mummy’s blood is world’s oldest

Categories
General News

Researchers studying Oetzi, a 5,300-year-old caveman found frozen in the Italian Alps in 1991, have found red blood cells around his wounds. The body of the iceman was found frozen under the ice on the mountainous border between Austria and Italy by a hiker, sparking a bitter row between the two countries over which could […]

Austrian tattooist chopped into bits in Berlin

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General News

German police and the Austrian foreign ministry are investigating after a chopped-up body found in a river in Berlin was identified as an Austrian. Investigators in the capital city of Germany want to await the results of a DNA check. However, they announced today (Weds) that a friend of Raoul Schmidhuber, 31, identified the torso […]

Many male internet fans shun books, study shows

Categories
Lifestyle

More than three in 10 men say garnering information online is “more fun” than reading books.Linz-based pollster Market found that 35 per cent enjoy bringing themselves up-to-date on the internet more than reading a book. The agency said those men also said reading the news online was “more fun” than reading books. Only 23 per […]

Germans set to spend more on holidays as WKO – ÖW spat continues

Categories
Business

A new German study has brought uplifting news for Austrian tourism sector businessman.Commerzbank said today (Weds) that it expects Germans to spend 3.5 per cent more on holidays this year than in 2009. The Frankfurt-based institute said its study suggests that Germans will fork out 61.3 billion Euros on holidays this year. The bank said […]

Austrian students’ knowledge of economics cause for concern

Categories
Business

Austrian students are interested in economics, but their knowledge about it is cause for concern, according to the Austrian Institute for Educational Research on Economics (ibw).The Institute’s report released today (Fri) are the results of a test taken by 1,900 students in Austrian higher-educational institutions and shows that only half of them had an adequately […]

Civil servants satisfied with their jobs

Categories
General News

Civil servants are satisfied with their jobs, but workers in the retail-trade sector are not, according to the results of a new poll by the Upper Austrian Labour Chamber (AK) released today (Fri).AK said its labour-climate index had fallen to 110 points in early 2010, only two points higher than in autumn 2007. It added […]

Vienna mayor says Turkish schools ‘possible’

Categories
Politics

Social Democratic (SPÖ) Vienna Mayor Michael Häupl revealed he could imagine Turkish schools in Austria.Speaking at a joint press conference with Kadri Ecvet Tezcan, Turkey’s ambassador in Austria, Häupl said today (Fri) he thought it was “possible” that there would be Turkish schools in the Austrian capital one day.The mayor also stressed however how important […]