Victoria’s Secret is to open a showroom in Austria, according to reports.Austrian business weekly Format claims today (Fri) the American lingerie maker plans to open its first representation in the country in the city centre of Vienna in February.Victoria’s Secret has cooperated with some of the best paid models in the world in advertising its […]
Italian ‘no stops’ order upsets ÖBB
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Struggling Federal Railways (ÖBB) is facing more trouble as Italian officials want to ban its trains from stopping in all but their final destinations.Italys railway regulator URSF announced yesterday (Thurs) the EuroCity trains of ÖBB and Germanys Deutsche Bahn (DB) will not be allowed to halt at any stations expect their final stops in the […]
SPD ‘assigns Ederer’
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Siemens manager Brigitte Ederer has been asked to advise the German Social Democrats (SPD) on economic-political issues, it has been claimed.Austrian magazine Format reports today (Fri) that the former Siemens Austria boss agreed to join the SPDs new economic politics council consisting of around 50 members.German media regard the foundation of the group as an […]
Rampant corruption in Austria
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Around 10 per cent of Austrians bribed authorities last year and almost one in two believe corruption in the country is on the rise, according to a study.Transparency International (TI) announced yesterday (Thurs) every eleventh Austrian admitted having acted corruptly in bribing officials of various sectors of public life in 2009. The internationally operating non-government […]
Retail trade representatives are delighted about “sensational” revenue as hundreds of thousands of Austrians took the opportunity to go shopping on yesterdays (Weds) national holiday.The 8th of December which marks the Immaculate Conception of Mary is traditionally one of the busiest days in the year for the retail trade sector as shops have […]
Air Berlin passenger numbers take off
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FlyNiki stakeholder Air Berlin registered more than 30 million passengers in the first 11 months of this year.The German airline announced today (Thurs) that it recorded 31.3 million customers between January and November of this year. The Berlin-based firm had 27.9 million passengers in 2009.Air Berlin also said it managed to increase its turnover by […]
OMV 2010 earnings beyond 2bn, says CEO
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OMV will earn more than two billion Euros this year, according to firm chief Wolfgang Ruttenstorfer.Asked whether the oil and gas companys earnings before interest and taxes (Ebit) will take the two-billion-Euro hurdle this year, Ruttenstorfer said today (Thurs) that there was “no doubt” about it. The internationally operating firms Ebit in the first three […]
Tons of cargo could be taken off the rails and transported on Austrian roads as cash-strapped Federal Railways (ÖBB) have raised their fees.ÖBBs cargo transport subsidiary company Rail Cargo Austria (RCA) decided recently to increase rates by around 30 per cent in a bid to get back in the black. ÖBB head Christian Kern said […]
Smokers brace for price hikes
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Prices for some of the most popular cigarette brands in Austria will increase from next year, it has emerged.Japan Tobacco International (JTI), which manages Austrian tobacco maker Austria Tabak, announced today (Weds) that its product range will get more expensive from next month. JTI said the unit price for a packet of Memphis, Smart, Camel […]
Austrians spending power will increase year on year in 2011 despite higher taxes and less welfare spending, a new study suggests.RegioData announced today (Tues) that it expected Austrians purchasing power to rise by 2.6 per cent next year compared to this years rate. The research agency said this increase meant people will have 450 Euros […]