Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company which also runs factories in Austria and Sweden among other countries announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]
Common belief that the economic downturn is to blame for most bankruptcies has been debunked by an insolvency expert.The Creditors Protection Association of 1870 (KSV) announced today (Thurs) that only 19 per cent of all of last years 6,376 business bankruptcies had firm-external and crisis-related grounds.The organisation claimed 44 per cent of all of the […]
Many Austrian businesspeople are questioning investigations indicating that bribery is rampant in the country, a new survey shows.Research group Ernst & Young interviewed more than 100 Austrian employees and company chiefs as part of its European Fraud Survey 2011. The agency said today (Weds) only 34 per cent of polled Austrians believe corruption is common […]
The number of Austrians spending their vacation within the country may decline, a travel poll suggests.Europ Assistance said today (Weds) 64 per cent of interviewed Austrians said they planned to go on holiday this summer, up by three per cent from last year. The insurance company said that just 20 per cent of them had […]
Vienna hotels introduce sharp price hike
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Hotels in Vienna are charging nearly 20 Euros more per night than resorts in Salzburg, a survey has revealed.Holiday information platform Trivago (www.trivago.co.uk/hotelprices) which constantly compares the prices for standard double rooms in Europes largest cities and most important vacation destinations announced today (Weds) that one night at a hotel in the Austrian […]
The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
AIDS drug called back over musty smell
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US American company Johnson & Johnson (J&J) has recalled HIV/AIDS drug Prezista in several European countries including Austria after customers reported a mouldy odour.American papers report today (Mon) that the pharmaceutical industry giant decided to call back the 400 milligram (mg) and 600 mg doses of the pill in Austria, Germany, Ireland and Great Britain.A […]
AUA put off by on-board food poll
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Austrian Airlines (AUA) has suffered a devastating defeat in a global check on carriers culinary offerings.The former federal flagship airline came just 24th out of 30 aviation companies in the test carried out by users of website Airlinemeals. Korean Air tops the chart with 7.9 out of a maximum 10 points ahead of Emirates (7.6) […]
VIA activity shoots up
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Austrias busiest aerodrome has experienced an immense passenger increase.Flughafen Wien AG (FW), the listed company managing Vienna International Airport (VIA or VIE), said today (Thurs) there were 1.726 million customers at the airport last month, up by 23.6 per cent compared to April 2010.FW pointed out that VIA was – as many other airports in […]
Widespread usage of bootleg software
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Around one out of four software programmes used in Austria was purchased illegally, an international trade organisation has disclosed.The Business Software Alliance (BSA) announced today (Thurs) that approximately 25 per cent of PC and laptop software Austrians were currently working with were pirate copies. The BSA added that the global share of bootleg software was […]