Lower Austrian energy sector giant EVN AG has suffered a slight decline in turnover despite selling more electricity and gas to customers in the past winter. The firm announced today (Thurs) its turnover slid by 0.9 per cent to 2.16 billion Euros from the first three quarters of the 2009/2010 business year to the next […]
Fair-trade food turnover shoots up
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Austrians are spending more on fair-trade products as the number of supermarkets and cafés offering such items is on the rise. Fairtrade Austria said today (Mon) businesses in the country achieved an estimated turnover of 46 million Euros by selling fair-trade products between January and June 2011. The association explained this was 13 per cent […]
Lots of air found in food packs
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The Viennese Labour Chamber (AK) has called on politicians to act on the content of air in foodstuff packages. The chamber said today (Mon) it checked 35 products on sale in Vienna for the percentage of air. The organisation picked the items over suspicions that they contained a substantial amount of air. AK announced it […]
Number of Post Partners soars
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There are more than 1,200 so-called Post Partners in Austria, federal postal services provider Post AG announced today (Fri). The company has closed hundreds of regular post offices in the past years to save costs. Laws demand that the firm provides a comprehensive service to people everywhere in Austria. This is why Post AG agreed […]
The US website Daily FX Market News and Analysis reported today that Austria may well be the next victim of the Euro zone debt crisis. This has to do with Eastern and Central European countries having taken a good part of their debt in Swiss Francs to take advantage of Switzerland’s low interest rates. Daily […]
Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]
Red Bull ends US cola adventure
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Red Bull has given up its bid to break the US market with its own cola drink. The Salzburg-based company introduced Simply Cola, a soft drink free from preservatives and artificial flavours, in Europe and overseas three years ago. Red Bull confirmed reports by US media claiming that it decided to stop selling Simply Cola […]
Double decker bust up over tours
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A bitter row over the right to offer double-decker bus tours around Vienna has broken out after a German company accused a Vienna rival of being allowed to operate a monopoly. The German company based in Munich has been trying for years to get a licence to offer double-decker tours around Vienna and now a […]
AUA ‘to jack up cancellation fees’
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Austrian Airlines (AUA) is set to introduce higher cancellation fees, Austrian business newspapers report today (Weds). Viennese dailies write that the economically challenged airline will ask costumers wanting to cancel or change their bookings for flights within Europe for 60 instead of 50 Euros as of 1 August. Reports also have it that changes regarding […]
Austria’s AAA rating confirmed
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An influential rating agency has warned Austria about its high state debt. Fitch announced yesterday evening (Mon) Austria needed to act more ambitiously against its steadily increasing high debt rate. The agency claimed the Alpine country would be better protected against economic setbacks in the future if it started to get active now. Austria’s debts […]