Lauda presents new sponsor among anti-gay dancing dispute

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Business

Niki Lauda has found a new “head sponsor”.The three-time Formula One (F1) champion almost died when his Ferrari caught fire at the Nürburgring racing course in Germany in 1976. “I didn’t want people looking at the black, burnt skin,” he explained when being asked why he decided to don a baseball cap. The businessman, who […]

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 […]

Ukrainian cigarette smuggler caught

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General News

An Ukrainian man has been caught smuggling more than 700 cartons of cigarettes.The 27-year-old was stopped in a routine road check near Villach in the southern Austrian province of Carinthia yesterday (Thurs). Traffic police officers discovered 735 cartons containing hundreds of thousands of cigarettes in the boot of his car and on the vehicle’s back […]

CAT oil grabs more Russian assignments

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Business

Oil and gas exploration equipment producer CAT oil AG has managed to raise its order volume in Russia.The Viennese firm, which is listed on the Frankfurt Stock Exchange (FWB), announced it received assignments from Russian oil and gas firms worth 222 million Euros as of today (Thurs), up by eight per cent year on year.”This […]

Emissions to rise as lorry traffic volume soars

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Business

Austria is moving further away from meeting agreed greenhouse gas emission limits as lorry traffic is on the rise.New figures presented by the Austrian Traffic Club (VCÖ) today (Thurs) show that the volume of lorry traffic on Austria’s busiest motorways increased year on year in 2010.The organisation, which examined road authority Asfinag’s annual data, said […]

FlyNiki aims partnership with Emirates

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Business

Austrian low-cost carrier FlyNiki is considering a cooperation with Emirates, it has emerged.Asked to comment on reports in the Austrian media that his airline wants to team up with the Dubai-based aviation giant, FlyNiki CEO Niki Lauda said today (Thurs): “I’m open towards all sides and options – including Emirates.”Business newspapers have it that the […]

Polytec achieves turnaround

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Business

Automotive industry supplier Polytec Holding AG (Polytec) managed to get back in the black last year, according to preliminary figures.The Hörsching-based firm said today (Thurs) that preliminary results suggest that the annual turnover rose by 27 per cent year on year to 770 million EurosPolytec added its earnings before interest, taxes, depreciation and amortisation (Ebitda) […]

Generali Austria questions strong crime drop

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General News

The property insurance chief of a leading insurer has expressed doubts over the recently presented figures showing a decline in crime.Federal Crime Office (BK) director Franz Lang said earlier this week that 2,617 car thefts were reports across Austria in 2010, significantly fewer than in the previous year when 5,297 such offences occurred. He also […]

Burglar bags cash as tenant takes a nap

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General News

Cash and jewellery have been stolen from a flat in Linz while its tenant was fast asleep in the same room, it has been reported.Police in Upper Austria announced today (Weds) that the unidentified intruder, who is being sought, apparently entered the apartment by breaking down the front door.The criminal nicked around 450 Euros and […]

Booming VIA ‘must step on the gas’ for Skylink

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Business

Vienna International Airport (VIA) recorded significantly more passengers year on year in 2010 – and bosses said they expected customer figures to soar further this year.VIA announced today (Weds) it registered 19.69 million passengers last year, up by 8.7 per cent compared to 2009. The airport, which is located near Schwechat in Lower Austria, explained […]