Almost one out of three Austrians plan to spend less next year. Insurance company Generali conducted a poll to find that 30 per cent of people residing in the small European Union (EU) and Eurozone member intended to tighten their belts in 2012. Seventeen per cent told the insurer they would cut back their holiday […]
Tag: year
Semperit braces for activity decrease
Categories
Semperit boss Thomas Fahnemann has said he expected next year to be “significantly more difficult”. Fahnemann told the Kurier today (Tues) the economy would not suffer as dramatically as in 2009. However, the German businessman warned that the economic environment might worsen next year compared to 2011. Semperit is a leading manufacturer of medical gloves, […]
Charity Caritas have warned that the number of people living in poverty in Upper Austria is on the increase. Currently 70,000 people are recorded as living in such poor conditions with even more people now seeking help over the Christmas period. Caritas is an international Roman Catholic relief charity that works to help the poor […]
Company bosses look back on windfall
Categories
The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
Berlakovich rejects shale gas project
Categories
People’s Party (ÖVP) Environment Minister Nikolaus Berlakovich has spoken out against plans to produce shale gas in Lower Austria. Large reserves of the substance may be located in rocks up to 6,000 metres below the surface in the north-eastern province of Lower Austria. Austrian oil and gas group OMV AG reportedly plans to carry out […]
The Viennese government has been accused of “ripping off” residents by increasing parking fees. Viennese Green Party boss Maria Vassilakou said yesterday (Weds) leaving a car in the city for one hour would cost two Euros from March 2012 instead of 1.20 Euros. Thirty minutes of parking will cost one Euro instead of 60 Eurocent. […]
Gerry Weber grabs broke rival
Categories
A German fashion firm has taken over bankrupt clothing business Don Gil. It was confirmed yesterday (Weds) that Gerry Weber snatched up Don Gil for around six million Euros. The Austrian company – run by an Italian enterprise – opted for a controlled bankruptcy procedure last month due to its debts of 28 million Euros. […]
Vienna pledges 66mn U-Bahn deal
Categories
The Viennese government may have saved 300 jobs by ordering 20 new underground trains. Bombardier Austria boss Germar Wacker warned yesterday (Mon) his company would be put under immense pressure if the city kept delaying to express the confirmation of an assignment vital to its factory in Vienna-Donaustadt. He explained that the capital’s government intended […]
UniCredit losses put BA under pressure
Categories
Bank Austria (BA) chief Willibald Cernko has said he plans to reduce the financial institute’s workforce level to get through the crisis. The banker announced yesterday (Mon) BA would have only 10,000 employees in Austria in 2015, 800 fewer than it had at the moment. Cernko underlined that sackings were not planned. He explained some […]
The managers of some of Austria’s largest shopping centres are confident regarding this year’s Christmas shopping. Shopping City Süd (SCS) boss Anton Cech said today (Mon) he was “cautiously optimistic” considering activities in the coming weeks. The businessman told the Kurier additional free of charge bus lines between Vienna and his shopping centre were recently […]