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 […]
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 […]
Salzburg recorded more overnight stays in 2010 than in the previous three years, but the hotels’ occupancy rate is still low.Peoples Party (ÖVP) Vice Mayor Harald Preuner said today (Tues) that hotels and guesthouses in the city registered 2.2 million overnight stays between January and December 2010. He pointed out this was the best annual […]
Plane seats put on sale by Austrian Airlines (AUA) are selling like hot cakes, it has emerged.The company said today (Tues) that they have already sold 85 per cent of the 4,200 fabric-covered seats, which are currently being replaced by modern leathern models, to other airlines.AUA, which was taken over by Germanys Lufthansa one and […]
More than 300 natural gas cars were registered in Austria last year, it has been announced.Statistik Austria said today (Fri) that 333 gas-powered cars, 221 natural gas lorries and 48 buses equipped with natural gas engines were registered in 2010.The state agency explained these developments increase the overall number of natural gas vehicles in the […]
OMV boss Wolfgang Ruttenstorfer has been found not guilty of insider trading.The former Social Democratic (SPÖ) state secretary faced three years in jail over suspicions he benefited from insider knowledge in a controversial stock purchase.Ruttenstorfer, who has headed the oil and gas company since 2002, acquired 26,500 OMV stakes worth 632,000 Euros in March 2009. […]
An Austrian delegation has met with Azerbaijani businessmen and the country’s political elite to discuss opportunities to do with the countries economic relationship.Azerbaijani business newspaper Trend reports that a group of entrepreneurs headed by Federation of Austrian Industries (IV) boss Veit Sorger travelled to the Eurasian countrys capital Baku to debate key topics with their […]
Insurance company UNIQA Versicherungen AG (UNIQA) said its 2010 performance could have been better than expected.The firm said today (Fri) that some weeks ago it expected profits of around 120 to 135 million Euros, while analysts predicted profits of 142 million Euros. Now the Vienna-based insurer has explained that it may have achieved a pre-tax […]
Car tyres may get more expensive soon, an industry representative has warned.Continental AG board member Nikolai Setzer said today (Thurs) soaring rubber trade rates could lead to higher customer prices. He added price hikes of seven to eight per cent were possible if price developments on the global trading market do not calm down.Hanover-based Continental […]
Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]