The Austrian economy weathered the economic downturn well in 2010, new figures suggest.The Federal Labour Market Service (AMS) announced today (Fri) that companies doing business in the country offered 404,733 positions last year. The authority explained this was a 14.3 per cent increase compared to the number of vacant jobs in 2009.AMS officials stressed that, […]
Austrias sporting goods retail sector achieved above-average growth last year, it has been announced.Branch officials said today (Fri) that the sector managed to increase its business activities by 3.3 per cent year on year. They underlined that the countrys retail sector grew by just 2.2 per cent at the same time.Experts said sport equipment shops […]
Austrian jam and honey producer Adolf Darbo AG (Darbo) has achieved a five per cent year on year turnover increase in 2010.The company which is based in Stans, Tyrol said today (Fri) that its turnover was 107.65 million Euros last year, adding that 21 per cent of its annual turnover was generated in […]
Rewe Group boss Frank Hensel has praised Russia as an “extremely dynamic market”.Hensel said today (Thurs): “We would carry out our expansion there twice as fast if we could, but there are always some problems with property ownership issues. Russia is an extremely dynamic market though.”The German company currently runs 68 Billa supermarkets in the […]
Two leading automotive companies are recalling thousands of cars in Austria.Suzuki said today (Thurs) that it has asked thousands of owners of its Swift compact car to get their cars to a garage for repairs of the suspension struts. The firm explained the devices could corrode due to inefficient protective cladding.Subaru announced similar problems may […]
Sacher bosses are irritated after a leading ice cream company has presented a Sachertorte flavour.In what is considered as an attempt to tackle Sachers unique reputation regarding its famous cake production, ice cream maker Eskimo brands the new product as the perfect birthday surprise.Enjoying a piece of Sachertorte which was invented by Franz Sacher […]
The federal government has decided to withdraw a new law regarding the purchase of beverages just one month after it went into effect.Shoppers and branch representatives were outraged by the stricter regulation enforcing customers to identify themselves at the till when they bought two or more bottles of schnapps, more than 20 litres of beer, […]
Opposition politicians in Upper Austria have welcomed news that a private railway service provider is planning to offer a direct service between Linz and Graz.Westbahn confirmed yesterday (Weds) it has been holding talks with Upper Austrian decision-makers about logistical details regarding a possible service between Linz, the provincial capital, and the city of Graz in […]
TUI Travel, Europes leading travel company, is bracing for immense losses due to the riots in Egypt.TUI Austria, the German companys Austrian subsidiary, announced today (Thurs) that the whole company is expecting to make a loss of between 29 million and 35 million Euros in the first quarter of 2011 due to the thousands of […]
Andritz Hydro, an affiliated firm of leading plant construction company Andritz AG, has received a string of assignments worth an overall 80 million Euros.The firm said today (Thurs) that it was contracted to deliver electromechanical equipment for new hydropower facilities in Sweden and India. Andritz Hydro added that it was asked to modernise existing plants […]