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 […]
Foreign tourists spent almost 30 per cent more in shops in Austria last year than they did in 2009, according to an international travel and shopping service platform.Global Blue Austria announced today (Weds) that holidaymakers from abroad spent approximately 250 million Euros in stores across the country in 2010. The platform stressed this was a […]
Car fuel is more expensive at Austrian motorway petrol stations than at those just over the German border, a motorists’ association has said.Arbö announced today (Weds) that diesel petrol cost 7.5 Eurocents more at stations on motorways in the Austrian province of Salzburg than at petrol stations a few hundred metres over the border in […]
Five-star hotels in Austria achieved the highest occupancy rates in the past holiday periods both in summer and winter, new figures show.Statistik Austria announced today (Weds) that 49.3 per cent of beds in the most expensive hotel category were booked in the 2009/2010 winter season, while 52.1 per cent were occupied in the summer months […]
Siemens Austria has been contracted to produce 35 underground trains for a Polish citys public transport network.The technology company announced today (Weds) that it was assigned by decision-makers in Warsaw to produce, deliver and install 35 of its Inspiro public transport vehicle models for 272 million Euros.Siemens Austria said it will start manufacturing the ordered […]
Beyrer gets ÖIAG top job
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Markus Beyrer, the general secretary of the Federation of Austrian Industries (IV), has been appointed as the new head of Industry-Holding Stock Corporation ÖIAG.ÖIAGs supervisory board unanimously voted for Beyrer yesterday afternoon (Tues). Around 40 businesspeople applied for the post, according to reports. Former Telekom Austria (TA) and VimpelCom boss Boris Nemsic was the only […]
Foodstuff branch representatives and many customers feel infuriated by a new law ordering shoppers to identify themselves if they plan to buy more than 10 litres of wine.The federal finance ministry, which is headed by Peoples Party (ÖVP) chairman Josef Pröll, decided that supermarket customers must fill in a form if they purchase more than […]
German building company Monier has taken over an Austrian roofing expert in full, it was announced today (Tues).Viennese brick maker Wienerberger AG said Oberursel-based Monier has taken over its interest in Bramac. Wienerberger held a 50 per cent interest in Bramac which has its headquarters in Pöchlarn, Lower Austria.Part of the deal is a 40-million-Euro […]
Austria drops in EU innovation ranking
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Austria has been left behind by Belgium in the European Commissions (EC) latest Innovation Union Scoreboard.Austria comes seventh in the ECs 2010 edition of the study which examines the conditions for innovations in the European Unions (EU) 27 member countries. The country came sixth in 2009 but has been overtaken by Belgium in the most […]
Austrian jobless rate drops
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The number of unemployed Austrians continues to decline as the country gets ready for the full liberalisation of its job market.Social Democratic (SPÖ) Labour Minister Rudolf Hundstorfer announced today (Tues) that 309,584 people living in Austria were out of work last month. He added that another 69,187 unemployed Austrians were sitting re-education courses organised by […]