Soaring mineral oil prices have led to a two per cent year on year inflation rise, it has been reported.State agency Statistik Austria said today (Tues) that the October inflation rate would have reached just 1.4 per cent had mineral oil products like car fuel not become 15 per cent more expensive compared to the […]
Austria has not yet given the green light to transfer its December rate to fellow European Union (EU) member Greece, it has emerged.Peoples Party (ÖVP) leader and Finance Minister Josef Pröll announced today (Tues): “Statistics give no reason to hand over the money from an Austrian point of view.”Pröll argued that figures have shown that […]
Road construction costs have soared by more than three per cent.Statistik Austria announced today (Mon) roadwork was 3.6 per cent more expensive last month compared to the same month of last year because of high costs of raw material (month on month rise: 0.3 per cent).The state agency added the costs of bridge building activities […]
Energy producer EVN AG has finalised its capital increase.The Lower Austrian company, which is listed on the Vienna Stock Exchange (WBAG), said today (Mon) it expected proceeds from the move to be around 180 million Euros.The Lower Austrian government is the main stakeholder in the Maria Enzersdorf-based firm with a 51 per cent interest.German energy […]
A painting worth tens of thousands of Euros has been stolen from a Viennese hotel.Managers of the citys five-star Hotel Bristol said today (Mon) that the burglars cut the artwork by late Polish painter Wojciech Kossak out of its frame at the weekend.The piece of art depicting a war battle was hanging in a hallway. […]
Abrasives producer Tyrolit has said it expects to rake in a turnover this year of half a billion Euros.The Schwaz-based company, a subsidiary of crystals maker Swarovski, announced today (Fri) it was confident to increase its annual turnover by 25 per cent to the 500 million Euros mark this year.Tyrolit explained it had registered a […]
Technology firm High Tech Industries AG (HTI) is back in the black.The company headed by Peter Glatzmeier said today (Thurs) its earnings before interest and taxes (Ebit) were 3.3 million Euros in the first three quarters of this year. HTI suffered losses of 21.4 million Euros in the same period of 2009.Its earnings before interest, […]
Businesses in Vienna expect significantly more than 300 million Euros of turnover this Christmas, according to research.Brigitte Jank, head of the Viennese Economy Chamber (WKW), said today (Thurs): “We are convinced to do well this Christmas.”Jank explained the citys economy expected to make a turnover of 350 million Euros selling gifts ahead the upcoming festive […]
Engine producer Pankl Racing Systems AG has announced a slight drop in turnover.The company, which is based in the Styrian town of Bruck an der Mur, said today (Thurs) its turnover shrank by 1.35 million Euros year on year to 87.55 million Euros in the 2009/2010 business year which ended in September.The firms earnings before […]
Vienna International Airport (VIA) has raised its passenger figures prediction for this year as numbers continue to climb.VIA said today (Thurs) it registered 1.83 million passengers last month, up by 11.4 per cent compared to October 2009. The airport, which recorded a 13.8 per cent year on year increase in customers back in September, explained […]