Insurance company Allianz Austria plans to hire additional employees, it emerged today (Fri).The firm, which belongs to the German Allianz Insurance Group, announced it wanted to engage 280 clerks to match growing demand in its private life insurance products.Allianz Austria has 3,410 staff, an increase since 2009, when the number was below 3,300.Chairman Wolfram Littich […]
Former Styria Media Group boss Horst Pirker has joined Red Bull.The energy drink giant said today (Thurs) that the businessman took over its affiliated company Red Bull Media House as of 1 March. Pirker surprisingly resigned as head of Styria Media Group an internationally operating publishing firm in September.Red Bull founder and chief […]
Shops in eastern Austria have reported that Hungarians are engaging in panic-buying of sugar.Several managers of supermarkets and groceries in the Austrian province of Burgenland told local media today (Thurs) that their stocks of the product were sold out due to recent developments.Branch experts explain that Hungarians have started to cross the border to purchase […]
Olympic Airlines has announced plans to stop offering flights to Vienna.The Greek aviation firm explained today (Weds) the decision was part of a company-internal restructuring process.Olympic Airlines was recently kept by the European Commission (EC) from merging with local rival Aegean Airlines.Now Olympic Airlines said, it would reorganise its schedules as a consequence. The airline […]
Salaries in Austria will rise this year, according to an internationally operating personnel consulting firm.Aon Hewitt said today (Weds) Austrian businesses would pay three per cent more to their staff this year than in 2010. Aon Hewitt spoke with decision-makers at 42 Austrian firms of various branches. Aon Hewitt stated around half a year ago […]
A shipping company founded only three years ago has filed for bankruptcy.The Creditors Protection Association (KSV 1870) said today (Weds) Parzermair RFE – Sondertransport und Logistik GmbH (Parzermair) had debts of around 4.3 million Euros. KSV 1870 added that the haulier, which is based in Schwanenstadt in Upper Austrias Vöcklabruck district, currently employed 35 staff. […]
Energy sector giant Verbund AG has suffered a turnover decrease.The Viennese firm, in which the Republic of Austria holds a 51 per cent interest, said today (Weds) its turnover shrank by five per cent to 3.3 billion Euros in 2010. Verbund added that its earnings before interest, taxes, depreciation and amortisation (Ebitda) declined by 15.4 […]
Yamaha, the Japanese owner of Bösendorfer, has introduced a new chief executive at the tradition-rich piano maker.Yamaha announced today (Weds) that Bösendorfer deputy managing director Brian Kemble will succeed Yoshichika Sakai who has headed the Vienna-based firm since 2008. Yamaha explained Sakai will return to Japan to focus on new projects at its piano department […]
Almost 94,000 properties were sold in Austria last year, it was announced today (Weds).Land registry records show that 93,807 houses and apartments were sold in 2010, 12.7 per cent more than in 2009. The overall purchase price of the estates ranged around 17.25 billion Euros, up by 5.8 per cent year on year, according to […]
Viennas unemployment rate has risen significantly.Statistik Austria said today (Tues) 7.6 per cent more people were without a job in the city last month than in February 2010, while all of Austrias other eight political regions registered declines.The overall Austrian unemployment rate was 4.3 per cent last month, down slightly year on year and compared […]