Hundreds of jobs may be at risk if the Viennese government refuses to give the go-ahead for a 66-million-Euro assignment, according Bombardier Austria head Germar Wacker. The Viennese government coalition of Social Democrats (SPÖ) and Greens puts the order for 20 underground trains on hold to evaluate the assignment again due to empty city coffers. […]
Tradition-rich sweets manufacturer Manner said today (Fri) it managed to increase its turnover by more than 10 per cent. The company, best known for its Manner Schnitten hazelnut cream wafers, announced a 10.3 per cent turnover rise from the first nine months of 2010 to 122.2 million Euros in the same time span of this […]
A leading economist has warned Austria may lose its top credit rating. Bernhard Felderer said yesterday (Weds) the alpine country’s outlook may be downgraded by the world’s leading rating agencies due to the economic turmoil in Italy. Austria has close business ties with the country which borders it in the south. Italy has been one […]
News of a decline of cargo shipping at Vienna International Airport (VIA or VIE) may confirm analysts’ warnings that the economic crisis is not over. A spokesman for the aerodrome – which is located a few kilometres outside Vienna – said today (Thurs) that the volume of cargo transported to and from VIA declined by […]
Rebecca Musgrave Wine-makers were more than satisfied after the first drinking of the new harvest in Deutschkreutz, in the district of Oberpullendorf in Burgenland province, yesterday evening (Thurs). After a long, warm summer growers expected not only a high quality vintage but hope that the harvest of over 715,000 hectolitres in Burgenland will make up […]
By Rebecca Musgrave US brewers Anheuser-Busch may soon be allowed to sell “Bud” and “American Bud” in Austria. According to newspapers Kurier and WirtschaftsBlatt today, the decision has been made by the Supreme Court and will bring to an end the on-going legal dispute between the American brewers and the Czech brewers, Budweiser Budvar. The […]
The opposition has attacked the government over soaring unemployment figures as Labour Minister Rudolf Hundstorfer promises a multi-million Euro support initiative for women out of work. Freedom Party (FPÖ) General Secretary Harald Kickl claimed today (Weds) the coalition was not facing the reality as more than 300,000 people living in Austria had no job last […]
Demonstrations have reached Salzburg as the Chinese president continued his visit to Austria yesterday (Mon). Hu Jintao – who arrived in Vienna on Sunday – was shielded from the street marches and silent vigils attended by hundreds of Austrians and foreigners at various locations in the centre of the Austrian capital yesterday. A woman joining […]
Alarm bells are ringing for politicians and businesspeople as the number of people with no job is on the rise again. Social Democratic (SPÖ) Labour Minister Rudolf Hundstorfer announced today (Tues) that around 300,400 people were out of work last month. The minister explained that the number of unemployed residents of Austria rose by 0.8 […]
Finance Minister Maria Fekter has claimed Austria’s triple A rating is “safe” despite banks’ struggles in Eastern Europe (EE). The People’s Party (ÖVP) minister told radio station Ö1 on Saturday that she saw no imminent risk to Austria losing its top rating currently established by the world’s leading credit rating agencies. However, the minister admitted […]