One in four Austrian companies employ unregistered staff, according to a report.The Kronen Zeitung newspaper quotes secret documents today (Tues), claiming that around 25 per cent of checked firms were found employing illegal workers. The daily newspaper reports that more than 11,200 of the overall 67,000 staff at investigated businesses between January and November 2011 […]
Wine and champagne will become up to 15 per cent more expensive next year, a branch representative has warned.Gerhard Wohlmuth of the wine and spirits trade department at the Federal Economy Chamber (WKO) said yesterday (Mon) customers must brace for a five to 15 per cent increase of prices for wine and champagne next year […]
The number of overnight stays by Russian tourists in Austria has soared, new figures show.The Austria Tourism Marketing Agency (ÖW) announced today (Tues) hotels and guesthouses in Austrias nine provinces registered 1.1 million overnight stays by 273,000 Russians in the first 11 months of this yearÖW explained these figures mean the number of Russian tourists […]
Verbund AG boss Wolfgang Anzengruber has said he does not expect energy prices to decline in the foreseeable future.The businessman said today (Mon): “I dont see chances for any changes at the moment. Energy trading prices were low recently, but are currently edging up again.”Verbund angered consumer representatives in May by raising the price for […]
Austrians had to fork out almost six per cent more on household energy in November than in the same month of last year.The Austrian Energy Agency announced today (Mon) households had to spend 5.8 per cent more on gas, electricity and other products and services last month compared year on year. The authority added it […]
IT services provider Brain Force Holding AG (Brain Force) spent more than 1.8 million Euros on restructuring measures in the past business year.The Vienna-based company said today (Tues) it invested 1.82 million Euros on firm-internal restructuring measures in the 2009/2010 business year which ended on 30 September.Brain Force announced that its turnover declined by 22 […]
A western Austrian city ended up with losses of 500,000 Euros after spending more than it earned from promoting its attractions following the shooting of some scenes for a James Bond movie.An investigation by the Federal Audit Office (RH) revealed that the Bregenz Tourismus & Stadtmarketing GmbH agency in which the city of Bregenz […]
An Austrian hotel management company has been assigned to establish a hotel in what will be the biggest building in Minsk.Vienna International (VIH) said today (Tues) the plan was to open the four-star business hotel in the capital of Belarus in 2014.The hotel, which will feature 280 rooms, will be located in the Minsk Tower. […]
Austrian Industry-Holding Stock Corporation (ÖIAG) head Peter Michaelis has claimed that the sale of Austrian Airlines (AUA) to Lufthansa was a “success”.The Austrian government coalition of the Social Democrats (SPÖ) and the Peoples Party (ÖVP) assigned ÖIAG to sell a major stake of AUA when it became clear that the airline was at risk of […]
Automotive industry supplier High Tech Industries AG (HTI) has been contracted to produce interior parts for the production of a Porsche model.The Upper Austria firm, which is based in St. Marien bei Neuhofen, announced today (Mon) that it has agreed with the German car maker to withhold the value of the order.HTI added its plant […]