The listed Vorarlberg tights and lingerie manufacturer Wolford ended up making in the first quarter double the losses made in the same quarter last year. The deficit increased from minus €1.8 million to minus €3.2 million. In comparison with the EBIT results however turnover increased significantly by 4.1% to €33.1 million. That was due to […]
The Austrian building business is once again booming after the financial crisis fuelled by heavy investment in property as fears grow over financial markets. In the western Austrian province of Salzburg business is booming the most. According to the latest statistics from Statistic Austria the volume of building contracts has increased by 80 per cent […]
There was cause to celebrate in culinary circles this weekend after it was revealed Austria had won a battle to keep its claim to a popular brand of sausage – and its famous pumpkin seed oil. The problem started when Slovenia announced that it wanted the EU to give it rights and control of the […]
An Austrian hotel has fixed this yacht by artist Erwin Wurm to the roof of ithe building with the front melting so that it points down to the front entrance. Hotel Daniel management in the Austrian capital Vienna refused to say how much they spent for the project which had to get special permission to […]
Electricity provider Verbund has sold its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
A real estate expert has expressed concerns about property prices in Austria. Thomas Malloth told the Kurier today (Thurs): “The question is whether the middle class will manage to afford it in the near future if things keep developing this way.” Malloth said annual statistics reveal that all kinds of properties – cheap flats in […]
The European Commission (EC) has praised Austria’s employment policies. The EC said yesterday (Weds) other European Union (EU) member countries should examine the Austrian education and traineeship systems to achieve a turnaround as joblessness keeps climbing across the continent. Fewer than 322,000 people were unemployed in Austria last month, according to the Federal Labour Market […]
The number of pilots and stewardesses leaving Austrian Airlines (AUA) because of the upcoming pay cuts is on the rise. The works council announced yesterday (Tues) that 110 pilots and 200 stewards and stewardesses quit in the past weeks. They did so to evade the enforced salary cuts, according to staff representatives. Final figures for […]
TV consumers in Austria must pay higher taxes from Friday. The ORF licence fee increases by seven per cent as of 1 June. The rise was agreed on last November when ORF general director Alexander Wrabetz justified it as “moderate”. Political decision-makers and telecommunications regulation authority KommAustria gave the go-ahead to the disputed tax hike. […]
Dozens of pilots have left Austrian Airlines (AUA) in the past weeks, according to the loss-making carrier’s works committee. Staff representatives said 80 pilots and 170 stewards and stewardesses decided to quit in the recent weeks due to the upcoming contract reform. AUA bosses plan to introduce a new form of contract in July. The […]