Leading hotel chain NH Hotels has sold two resorts in Austria in a bid to reduce its debts.Spanish media report today (Fri) that the Madrid-based company sold its hotel in Salzburg and at Vienna International Airport (VIA) to German firm Invesco Real Estate (IRE). The company, which has its headquarters in Munich, also acquired three […]
Almost one in three Austrians have no holiday plans in 2011, a survey shows.The Institute for Leisure and Tourism Research (IFT) and motorist association ÖAMTC announced today (Fri) 29 per cent of Austrians said they would not take a vacation this year. Researchers said that especially people with a low income would not take a […]
Bregenz-based textiles and tights manufacturer Wolford AG has managed to increase its turnover by more than six per cent.The company said today (Fri) its turnover climbed by 6.6 per cent to 120 million Euros in the first three quarters of the 2010/2011 business year compared to the same period of the previous business year.Its earnings […]
Most Austrians fear that the nuclear disaster in Japan will lead to higher energy prices.Linz-based research agency Market found that 62 per cent expect electricity and other energy sources to become more expensive due to the detonations at the Fukushima nuclear power plant.Several countries across the world are currently reconsidering their plans to engage with […]
Wienerberger AG has taken over a Belgian competitor, it was announced today (Thurs).The Vienna-based company the worlds biggest producer of bricks said it acquired Heylen Bricks. The family business which has its headquarters in Veldwezelt looks back on 100 years of manufacturing bricks.Heylen Bricks has 39 employees and achieved a turnover […]
The number of trains arriving on time in Austria is on the rise, it has been announced.Federal Railways (ÖBB) said today (Thurs) 94.2 per cent of all of its services were less than five minutes late last year, up from 90.5 per cent in 2009. The company added 97.6 per cent of its trains went […]
Lufthansa bosses say they see an immense potential for savings at affiliate Austrian Airlines (AUA).The German aviation giant acquired a majority stake in AUA in September 2009. Most analysts claimed at the time that the deal would save the Viennese airline from ruin.Now Lufthansa CFO Stephan Gemkow said AUA could reduce its costs by 130 […]
Graz-based energy company Energie Steiermark AG managed to increase its turnover and earnings last year.The firm announced today (Weds) its turnover rose by 14 per cent to 1.25 billion Euros in 2010 compared to the previous year, while earnings before interest and taxes (Ebit) climbed from 49.7 million Euros in 2009 to 69.8 million Euros […]
Discount supermarkets in Austria are struggling to increase their market share, it has been reported.Austrian agricultural branch authority Agrarmarkt Austria (AMA) announced today (Weds) Hofer and Lidl had an overall market share of around 20 per cent. AMA explained the chains the two leading low-price foodstuff retailers in the country grew strongly between […]
Life keeps getting more expensive in Austria, figures presented today (Weds) show.Inflation rose by three per cent in February compared to the same month in 2010. This is the highest increase since October 2008 when the global economic downturn broke out. The price level soared by 3.1 per cent that month compared to October 2007.Last […]