Austria has failed to retain its position as the Eurozones jobless rate model pupil, it emerged today (Fri).Figures presented by Eurostat, the European Commissions (EC) statistics agency, show that 4.5 per cent of people living in Austria had no job last month (August 2010: 4.3 per cent). The Netherlands, which took second place in August, […]
Lufthansa boss Wolfgang Mayrhuber has appealed to the Austrian government to remain a reliable partner and pull out from setting up a tax on flight tickets.The Austrian businessman, who will retire as head of the German airline by the end of this year after having been in charge since 2003, said today (Fri) that […]
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 […]
Verbund AG, Austrias leading electricity provider, suffered a significant decline in earnings in the first nine months of this year.The company, which was founded in 1947, announced today (Thurs) that earnings before interest and taxes (Ebit) dropped by 22.1 per cent year on year to 625.6 million Euros in the first three quarters of 2010. […]
Telekom Austria (TA) boss Hannes Ametsreiter has called for more investments in the education sector.The businessman said today (Thurs) Austria must “urgently” think about how to improve the education system.”We must spend more on education if Austrian firms want to be able to compete internationally. Austria has always had a high creative potential. We must […]
Furniture megastore chain XXXLutz bosses have described the firms upcoming expansion to Sweden as an “emotional highlight”.The Wels-based company will open its first shop in the homeland of global market leader Ikea next month. Around 300 staff will find work in the 25,000-square-metre store in the southern city of Malmo from 4 November.Thomas Saliger, the […]
Residents of Vorarlberg are putting more trust in their own spending power than last year, according to new research.Dornbirn-based agency Team a5 found that 64 per cent of interviewed people rated the spending power of people living in the province as “good” or “excellent”, up by 16 per cent year on year. The study also […]
Telekom Austrias (TA) efforts to acquire a majority of Serbias state-owned telecommunications company have suffered a significant throwback.The countrys federal Minister of Telecommunications and Information Society Jasna Matic confirmed reports that the government has been in talks with Greek firm OTE over the purchase of a 20 per cent share in Telekom Srbija.TA was being […]
Ryanair announced today (Weds) it will stop operating flights between Frankfurt and Klagenfurt from next March.The Irish no frills airline explained its decision to axe the route connecting the German city and the Carinthian capital as a reaction to the German governments decision to levy a tax of eight Euros on tickets for flights from […]
Austrian caterer DO&CO managed to raise its turnover and earnings in the first half of the current business year.The company, which is headed by Attila Dogudan, said today (Tues) its turnover soared by 21 per cent year on year between April and September 2010 to 222.7 million Euros. It added earnings before interest and taxes […]