The Economy Chamber (WKO) has warned from overly positive economic forecasts. The Institute for Economic Research (WIFO) recently said Austrian enterprises might invest 5.6 billion Euros this year in the domestic economy, 12 per cent more than in 2011. The WKO’s industrial section announced yesterday (Weds) that firms’ spending might not rise as sharply. WKO […]
Austrians acquired less fuel last year, according to a traffic research organisation. The Austria Traffic Club (VCÖ) said yesterday (Sun) around 9.6 billion litres of petrol were sold in 2011, down from 9.7 billion litres in the previous year. An all-time record was achieved in 2005 when 10.2 billion litres were sold across the country, […]
Labour Chamber (AK) President Herbert Tumpel has demanded higher corporation taxes. Tumpel said yesterday (Thurs) Austrian firms had handed over just 17 per cent in taxes in 2010 despite the mandatory 25 per cent taxation rate. He explained the investigated enterprises used various loopholes to evade worse tax burdens. The AK investigated the performance of […]
The Austrian Economy Chamber (WKO) has become the latest victim of a hacking attack. WKO confirmed yesterday evening (Tues) that its webserver was infiltrated by unidentified cyber criminals. More than 6,000 data sets of customers of the chamber were published on the internet. Most of the records contain information about clients of WKO’s real estate […]
A fake gastronomy industry official has tricked several publicans into handing over fines, it has emerged.The elderly man who claims to be an inspector assigned by the Burgenland branch of the Federal Economy Chamber (WKO) succeeded by ordering bar owners and restaurant bosses in the district of Güssing to pay 150 Euros each […]
More holidaymakers from abroad helped Austrian hotels to a slight increase of overnight stays so far this winter, new figures show.State agency Statistik Austria said today (Weds) that the number of overnight stays edged up by 0.8 per cent to 27.81 million between November and January compared to the same period of the previous winter […]
A strong year on year surge of overnight stays in Vienna rescued the 2010 performance of the Austrian tourism industry.Figures presented by state agency Statistik Austria yesterday (Weds) show that hotels in the federal capital registered 10.86 million overnight stays last year, 10.3 per cent more than in 2009. The citys tourism businesses also did […]
Officials have engaged in a bitter war of words after the Federal Economy Chamber (WKO) decided to stop subsidising the Austrian Tourism Marketing (ÖW).WKO said recently it will end its annual eight-million-Euro injection from 2012 and intensify its own tourism marketing initiatives instead. The authority criticised the ÖW for neglecting emerging markets like Brazil, India […]
Wine and champagne will become up to 15 per cent more expensive next year, a branch representative has warned.Gerhard Wohlmuth of the wine and spirits trade department at the Federal Economy Chamber (WKO) said yesterday (Mon) customers must brace for a five to 15 per cent increase of prices for wine and champagne next year […]
Lufthansa has said it expects its subsidiary Austrian Airlines (AUA) to be in the black in 2011.The German aviation giant acquired a major interest in the Vienna-based company last year. AUA has carried out a strict cost-cutting programme during the past few months. It said the plan was to reduce its overall staff number of […]