World economy’s recovery continues, says think tank

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Business

The global economy will grow strongly in the coming years, a Viennese think tank has predicted.The Institute for Economic Research (WIFO) said today (Mon) it expected the world economy to grow by 4.5 per cent every year until 2015. Austria’s economy will grow by 2.2 per cent every year until 2015, according to WIFO.WIFO announced […]

Mattersburg players are the mightiest

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Sports

A struggling Austrian Bundesliga team have the tallest squad in Europe, new figures show.The Professional Football Players Observatory (PFPO) said today (Fri) that SV Mattersburg and Ukrainian Premier League club FC Volyn Lutsk have the tallest players on the continent with an average height of 186 centimetres.The PFPO added that its third Demographic Study of […]

Austrian firms get staff home from Tunisia

Categories
Business

Oil and gas company OMV has withdrawn most of its staff from Tunisia, it has been reported.Dozens of people have died since last week when thousands of citizens took to the streets to demonstrate against the North African country’s regime.OMV told the Salzburger Nachrichten newspaper today (Thurs) that 54 of its 66 employees have preliminary […]

Most male singles seek relationships, survey shows

Categories
Lifestyle

More than two thirds of single Austrian men would like to be in a relationship, a poll has shown.IFES said today (Weds) it interviewed more than 1,000 Austrian men and woman to find that 69 per cent of single men would prefer to have a partner. The agency added that only 60 per cent of […]

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 […]

Baby wallaby shows itself

Categories
Lifestyle

A baby kangaroo emerged from its mum’s pouch for the first time since being born almost five months ago in a zoo in Austria.Carers at Schönbrunn Zoo said today (Tues) that it may take another month before the Parma wallaby, whose sex has not yet been identified, will hop around the enclosure.They explained male Parma […]

Debt-ridden Portugal on track, claims prime minister

Categories
Politics

Portuguese Socialist Party head and Prime Minister Jose Socrates has claimed his country is a model pupil in restoring its finances.Many analysts and economists have warned that Portugal may be the next European Union (EU) member to tap the recently established European Financial Stability Facility (EFSF). Greece and Ireland have already received billions in credits […]

Cobra to counsel Polish police over Euro2012

Categories
General News

A special Austrian police unit will assist their Polish counterparts in getting ready for a major sports event.Austrian People’s Party (ÖVP) Interior Minister Maria Fekter announced today (Fri) that a team of Cobra unit officers will meet with special police forces in Poland later this year to discuss security measures for next year’s European Football […]

OMV bags rival’s Tunisian oil and gas business

Categories
Business

Austrian oil and gas giant OMV has taken over a competitor’s exploration activities in Tunisia.The Vienna-based company announced today (Thurs) it has transferred 610 million Euros to American firm Pioneer Natural Resources to take over its operations in the north African country. OMV said the executive board of its Tunisian subsidiary company signed contracts earlier […]

Tyrolean holiday agency snatches majority stake in UK firm

Categories
Business

A leading Austrian travel company has acquired a majority interest in London-based Hotels & More Ltd.Travel Partner GmbH, which has an office in Vienna and its headquarters in the Tyrolean town of Ellmau, announced today (Weds) it purchased a 73 per cent share in the British company.Hotels & More Ltd. has 40 employees, according to […]